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Topic: Getting massive acceptance of Bitcoin - page 2. (Read 3721 times)

legendary
Activity: 1708
Merit: 1010
January 19, 2011, 12:23:36 AM
#5
Internet goods and services are an obvious fit, software, design, hosting, etc.

Those are a fit, true, but there is no compelling reason not to pay for those with, say, Paypal.

Sure there is.  Paypal has a standard transaction overhead of 2.9% plus some small fixed fee, which I believe is about 60 cents.  Currently, Bitcoin has no such fees; and when it does they will be truly market based, likely never approaching 2.9% except in very small or very unusual transactions.
legendary
Activity: 980
Merit: 1020
January 19, 2011, 12:23:30 AM
#4
Micropayment.
newbie
Activity: 6
Merit: 0
January 19, 2011, 12:20:43 AM
#3
Internet goods and services are an obvious fit, software, design, hosting, etc.

Those are a fit, true, but there is no compelling reason not to pay for those with, say, Paypal.

legendary
Activity: 1246
Merit: 1016
Strength in numbers
January 19, 2011, 12:11:26 AM
#2
Internet goods and services are an obvious fit, software, design, hosting, etc.
newbie
Activity: 6
Merit: 0
January 19, 2011, 12:04:29 AM
#1
By far the most successful electronic payment system is of course Paypal.

Paypal was supposed to be a way to transmit money securely over cellphones and smart phones. That's what the investors thought they were investing in.

When Paypal got funded and began to deploy, it was not real successful. There was no huge demand for it. People didn't want to pay for groceries using their cellphones.

Paypal was going nowhere.

Until something clicked. eBay was growing at an enormous rate and merchants needed a way to get payment.

eBay merchants adopted Paypal in droves and eBay became the killer app for Paypal.

What will be the killer app for Bitcoin?

This is not easy to answer. I suspect it is paying for services rather than goods. I suspect that marketplaces will form that are entirely Bitcoin, almost like bartar markets.

What do you think?
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