Topic: eBay will go bankrupt in 10-15 yrs, and Bitcoin will be largely to blame - page 2. (Read 4080 times)

Quote from: Baitty on May 29, 2014, 07:40:48 AM

We need something big to happen again in order for me to believe that Bitcoin will be somethign incrediable in the future.

Does amazon accepting bitcoin or more winklevii-like investors investing in bitcoin count as something incredible happening? Because I'm sure that would drive the price up sky high!

If amazon or some company like amazon would start accepting Bitcoin that would boost the price up a bit but I don't think that would be enough to substain high numbers.

For high numbers to come and stay there would have to be a massive increase in the ease of use for bitcoin, along with a lot more people speculating/investing in bitcoin. Ideally bitcoin would be as easy to use as a debit card.

Adoption of bitcoin will be the backbone of it though since it will by nature cause deflation, leading to higher prices.

There would also need to be a reason to use it. Right now it's a novelty. Three has to be a reason for the average person to say "it's worth converting my cash into BTC to make this purchase." Discounts would help with this, but most sites that take BTC still aren't offering anything.

lilfiend

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Quote from: Baitty on May 29, 2014, 07:40:48 AM

We need something big to happen again in order for me to believe that Bitcoin will be somethign incrediable in the future.

Does amazon accepting bitcoin or more winklevii-like investors investing in bitcoin count as something incredible happening? Because I'm sure that would drive the price up sky high!

If amazon or some company like amazon would start accepting Bitcoin that would boost the price up a bit but I don't think that would be enough to substain high numbers.

For high numbers to come and stay there would have to be a massive increase in the ease of use for bitcoin, along with a lot more people speculating/investing in bitcoin. Ideally bitcoin would be as easy to use as a debit card.

Adoption of bitcoin will be the backbone of it though since it will by nature cause deflation, leading to higher prices.

DolanDuck

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We need something big to happen again in order for me to believe that Bitcoin will be somethign incrediable in the future.

Does amazon accepting bitcoin or more winklevii-like investors investing in bitcoin count as something incredible happening? Because I'm sure that would drive the price up sky high!

If amazon or some company like amazon would start accepting Bitcoin that would boost the price up a bit but I don't think that would be enough to substain high numbers.

With amazon or other big companies the bitcoin will be widely accepted in all the world, they will contribute to spread the word about it.
I don't know what do you think "high numbers" will be, but in my opinion $1000 is just the baseline for the coming years.

Baitty

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We need something big to happen again in order for me to believe that Bitcoin will be somethign incrediable in the future.

Does amazon accepting bitcoin or more winklevii-like investors investing in bitcoin count as something incredible happening? Because I'm sure that would drive the price up sky high!

If amazon or some company like amazon would start accepting Bitcoin that would boost the price up a bit but I don't think that would be enough to substain high numbers.

nkocevar

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Quote from: ranlo on May 29, 2014, 02:47:46 AM

We need something big to happen again in order for me to believe that Bitcoin will be somethign incrediable in the future.

Does amazon accepting bitcoin or more winklevii-like investors investing in bitcoin count as something incredible happening? Because I'm sure that would drive the price up sky high!

Baitty

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Currently held as collateral by monbux

We need something big to happen again in order for me to believe that Bitcoin will be somethign incrediable in the future.

nkocevar

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Quote from: beetcoin on May 29, 2014, 02:45:58 AM

Quote from: ranlo on May 29, 2014, 02:47:46 AM

If ebay fails as a business model it will fail because of outrages fees, a broken feedback system, or a competitor, not because of a currency.

Not to mention they are already preparing to embrace Bitcoin. How they will implement it will be interesting to see, but I don't think Bitcoin has anything to do with killing eBay or PayPal. If anything it will help strengthen their marketplace.

i wonder if there's an actual userbase that would be open to dealing with bitcoin through ebay. i know most of us early adopters are completely against paypal/ebay, but there are future btc users who might use their services.

eBay/PayPal are mainstream, whereas Bitcoin isn't. That means they have a MASSIVE market to bring Bitcoin to and they will achieve that easily. The question is more along the lines of how badly they will hurt Bitcoin in the process (bringing it mainstream through those companies may not be what we want, but it's hard to tell. It's either going to be great or it's going to be one of the worst things to happen).

I say bitcoin taking out those big companies would be great. People may be mad, but hey, they can just switch over to bitcoin! Bitcoin taking out eBay/Paypal would be postitive media coverage because it will show how efficient bitcoins really are.

beetcoin

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Quote from: beetcoin on May 29, 2014, 02:45:58 AM

Quote from: beetcoin on May 29, 2014, 02:45:58 AM

If ebay fails as a business model it will fail because of outrages fees, a broken feedback system, or a competitor, not because of a currency.

Not to mention they are already preparing to embrace Bitcoin. How they will implement it will be interesting to see, but I don't think Bitcoin has anything to do with killing eBay or PayPal. If anything it will help strengthen their marketplace.

i wonder if there's an actual userbase that would be open to dealing with bitcoin through ebay. i know most of us early adopters are completely against paypal/ebay, but there are future btc users who might use their services.

eBay/PayPal are mainstream, whereas Bitcoin isn't. That means they have a MASSIVE market to bring Bitcoin to and they will achieve that easily. The question is more along the lines of how badly they will hurt Bitcoin in the process (bringing it mainstream through those companies may not be what we want, but it's hard to tell. It's either going to be great or it's going to be one of the worst things to happen).

sure, but i can't foresee ebay integrating some function of bitcoin that fiat/credit cards can't do. maybe they'll come out with some great ideas.

ranlo

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If ebay fails as a business model it will fail because of outrages fees, a broken feedback system, or a competitor, not because of a currency.

Not to mention they are already preparing to embrace Bitcoin. How they will implement it will be interesting to see, but I don't think Bitcoin has anything to do with killing eBay or PayPal. If anything it will help strengthen their marketplace.

i wonder if there's an actual userbase that would be open to dealing with bitcoin through ebay. i know most of us early adopters are completely against paypal/ebay, but there are future btc users who might use their services.

eBay/PayPal are mainstream, whereas Bitcoin isn't. That means they have a MASSIVE market to bring Bitcoin to and they will achieve that easily. The question is more along the lines of how badly they will hurt Bitcoin in the process (bringing it mainstream through those companies may not be what we want, but it's hard to tell. It's either going to be great or it's going to be one of the worst things to happen).

beetcoin

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If ebay fails as a business model it will fail because of outrages fees, a broken feedback system, or a competitor, not because of a currency.

Not to mention they are already preparing to embrace Bitcoin. How they will implement it will be interesting to see, but I don't think Bitcoin has anything to do with killing eBay or PayPal. If anything it will help strengthen their marketplace.

i wonder if there's an actual userbase that would be open to dealing with bitcoin through ebay. i know most of us early adopters are completely against paypal/ebay, but there are future btc users who might use their services.

ranlo

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Activity: 1988

Merit: 1007