http://www.wired.com/reviews/2011/09/gwallet/
Quote
Google Wallet is a service that eliminates the traditional notion of the leather carrying case, allowing you to store digital versions of your credit cards on your smartphone.
Topic: Google Wallet (Read 2721 times)
This came out today
http://www.wired.com/reviews/2011/09/gwallet/
http://www.wired.com/reviews/2011/09/gwallet/
Ah, therein lies the rub!
Yes, an advertisement.
right sorry i missed that...but it doesn't say anything about bitcoins.
Yes, an advertisement.
interesting how nobody noticed this was posted back in june...
not like google anounced anything since then
not like google anounced anything since then
The utility of cash stems in no small part from its anonymity. We don't want any hassle when we pay the baby sitter, tip the bar tender, give a congratulatory card. The lack of counter party risk is directly related to the fact that it can't be traced and thus undone. Anonymity is not about the dark shadows but of immediacy and finality. We don't pay friends with credit but with discreet honest value.
I thought the whole point was to be de-centralized and not regulated...
exactly. i like google and all of their free products, but i think this move pretty much violates the central concept of bitcoins.
No, the central point of Bitcoins is to allow the user the choices. Other options can't be decentralized nor anonymous. Just how far the user wants to go do that rabbit hole is entirely up to them.
EXACTLY. With Bitcoin, user can choose how much anonymity he desires. Some don't care and some do... all along a gradient.
Not sure most folks would want to give up their anonymity for it, though.
I'm not sure why some people think that the rest of the 99.999% of the world gives a shit about anonymity? If they did, I doubt you would have ever heard of Facebook.
Only a small portion of geeks, care about online anonymity. Even most geeks I know don't really care. Now, I can understand anonymity in some places (like some forums), but for everything else........ not so much.
Our first Google Wallet customer (YouTube)
yea it all depends on how google done this to if it would of been a good idea or not
1 Take bitcoin code
2 Chenge it
3 Buy 10 000 ASCI chip and make network.
4 Start generate coins for seciure google transaction
5 Ignore bitcoin
6 Profit.
2 Chenge it
3 Buy 10 000 ASCI chip and make network.
4 Start generate coins for seciure google transaction
5 Ignore bitcoin
6 Profit.
I think bitcoin centralization is antithetical to the project, but I understand some centralization is necessary for currency exchange, etc
I agree, this is not likley something they would do; I can imagine someone doing it tough its just unclear if its good business at this time, hence my question about value prop.
I'd trust 'em.
don't think Google will touch btc and I would never leave my wallet there. It's enough of information about us that Google keeps anyway.
Wow is this real/legit?
This could be very big, heh I've been wondering what does GOOG think about bitcoins...I guess we'll see what happens later this year.
This could be very big, heh I've been wondering what does GOOG think about bitcoins...I guess we'll see what happens later this year.
All good scenarios, if BTC becomes more mainstream I could imagine there being a willingness to pay for such things. I think much of the portability security stuff could to a great be addressed via technology vs business but loans, account insurance and transaction liability management would for sure need a TTP.
What are the scenarios in which a Bitcoin bank would be valuable? For example I imagine paypal esq remote access to funds might be one but are there others? Why might you want google, or anyone else for that matter to hold on to your bitcoins for you?
Consumer protection. I.E. theft & fraud insurance against misuse of your mobile wallet funds, just like a credit card works today. There would have to be a liability cap.
"Instant" checkout. Since Google knows who you are, they become the trusted intermediary for the vendor, so he doesn't actually have to wait for confirms nor employ a third party company to risk assess unconfirmed transactions on the fly.
Overspending credit, for some users.
Basic security, for mobile users who don't know any better.
What are the scenarios in which a Bitcoin bank would be valuable? For example I imagine paypal esq remote access to funds might be one but are there others? Why might you want google, or anyone else for that matter to hold on to your bitcoins for you?
I thought the whole point was to be de-centralized and not regulated...
exactly. i like google and all of their free products, but i think this move pretty much violates the central concept of bitcoins.
No, the central point of Bitcoins is to allow the user the choices. Other options can't be decentralized nor anonymous. Just how far the user wants to go do that rabbit hole is entirely up to them.
I personally wouldn't mind using a Google wallet. I wouldn't keep all my btc money in there, but I think it would be convenient for doing purchases on the go, etc. Think if they had a nice mobile web front end, etc. Plus Google has a knack for adding in all the little features you didn't realize you needed until they code them (think Gmail) and their security would be better than most. I think for pure convenience sake, I would use it for small day to day transactions. Just not as my savings account.
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