Money over IP a threat to bitcoin - page 4.

MAbtc

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Quote from: BitCoiner2012 on September 11, 2013, 07:17:10 PM

Quote from: MAbtc on September 11, 2013, 07:14:14 PM

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

The underlying issue here for the vast majority of people is not fiat currency. If we want bitcoin to be adopted as a payment system, it needs to compete on that basis.

adpinbr

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Quote from: notme on September 11, 2013, 07:21:58 PM

Quote from: adpinbr on September 11, 2013, 07:19:47 PM

Quote from: BitCoiner2012 on September 11, 2013, 07:17:10 PM

Quote from: MAbtc on September 11, 2013, 07:14:14 PM

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

The masses don't care about the "underlying issue". they care about Prada, george zimmerman and pictures of their brunch

And bitcoiners dont' have to care about "the masses". Even if it remains a niche, it will continue to grow dramatically.

If we don't care about the masses then the value of bitcoin stems from one of 2 things IMHO.
a. Financial safe haven- this will require some sort of "mass" recognition, even if its just from a fraction of the financial industry
b. greater fool theory- there is nothing here, and you are just ridding the bubble up cause you are a relative early adopter

millsdmb

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Quote from: adpinbr on September 11, 2013, 06:57:13 PM

I think venmo is the biggest threat to bitcoin. If money over IP becomes prevalent without the need for bitcoin/cryptocurrencies, than the only benefit they really offer is for ideologist/criminals/economic reasons. But a lot of the added utility that we emphasize will disappear. And I ask myself, why don't we have that kiiler app yet?

Maybe we have all been fooled, maybe bitcoin will never go mainstream by the average joe that doesn't own gold and has his money run by a financial manager.
I was an Über-bull, but the realization that i see my friends using venmo, and not even close to understanding bitcoin, just made me extremely bearish

ehh, venmo aint nothing special. I tried using it for roomates to pay utils. They just gave me checks instead.

sidhujag

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Quote from: adpinbr on September 11, 2013, 07:19:47 PM

Quote from: BitCoiner2012 on September 11, 2013, 07:17:10 PM

Quote from: MAbtc on September 11, 2013, 07:14:14 PM

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

The masses don't care about the "underlying issue". they care about Prada, george zimmerman and pictures of their brunch

In other words it will never be worth anything because there is no smart money.

notme

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Quote from: adpinbr on September 11, 2013, 07:19:47 PM

Quote from: BitCoiner2012 on September 11, 2013, 07:17:10 PM

Quote from: MAbtc on September 11, 2013, 07:14:14 PM

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

The masses don't care about the "underlying issue". they care about Prada, george zimmerman and pictures of their brunch

And bitcoiners dont' have to care about "the masses". Even if it remains a niche, it will continue to grow dramatically. There is plenty of demand for a trustworthy currency. Other than bitcoin and altcoins, there is no competition.

adpinbr

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Activity: 1078

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Quote from: BitCoiner2012 on September 11, 2013, 07:17:10 PM

Quote from: MAbtc on September 11, 2013, 07:14:14 PM

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

The masses don't care about the "underlying issue". they care about Prada, george zimmerman and pictures of their brunch

adpinbr

sr. member

Activity: 1078

Merit: 254

Quote from: MAbtc on September 11, 2013, 07:14:14 PM

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

I was working on a proprietary wallet with eli https://bitcointalksearch.org/topic/safebit-bitcoin-wallet-bitcoin-evolved-update-29109
I feel we do need that killer app. and Venmo is not out of bitcoins grasp, but someone needs to step up while we still have the chance, once people get used to venmo they are exponentially less likely to figure out bitcoin, even when the barriers to entry are being reduced

BitCoiner2012

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Quote from: MAbtc on September 11, 2013, 07:14:14 PM

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

MAbtc

hero member

Activity: 826

Merit: 508

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

MoreFun

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WePower.red

Never heard of the service too but after watching video on their site you should probably just start with ABC of Bitcoin.

notme

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Never heard of it, but a paypal clone that broadcasts your transactions to all your friends doesn't seem like much of a threat/competitor.

BitCoiner2012

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Quote from: adpinbr on September 11, 2013, 06:57:13 PM

I think venmo is the biggest threat to bitcoin. If money over IP becomes prevalent without the need for bitcoin/cryptocurrencies, than the only benefit they really offer is for ideologist/criminals/economic reasons. But a lot of the added utility that we emphasize will disappear. And I ask myself, why don't we have that kiiler app yet?

Maybe we have all been fooled, maybe bitcoin will never go mainstream by the average joe that doesn't own gold and has his money run by a financial manager.
I was an Über-bull, but the realization that i see my friends using venmo, and not even close to understanding bitcoin, just made me extremely bearish

I've never even heard of the service, but here I am on a BTC forum.

adpinbr

sr. member

Activity: 1078

Merit: 254

I think venmo is the biggest threat to bitcoin. If money over IP becomes prevalent without the need for bitcoin/cryptocurrencies, than the only benefit they really offer is for ideologist/criminals/economic reasons. But a lot of the added utility that we emphasize will disappear. And I ask myself, why don't we have that kiiler app yet?

Maybe we have all been fooled, maybe bitcoin will never go mainstream by the average joe that doesn't own gold and has his money run by a financial manager.
I was an Über-bull, but the realization that i see my friends using venmo, and not even close to understanding bitcoin, just made me extremely bearish

Topic: Money over IP a threat to bitcoin - page 4. (Read 9067 times)