Pages:
Author

Topic: PayPal now lets shops accept Bitcoin - page 2. (Read 2526 times)

newbie
Activity: 45
Merit: 0
September 28, 2014, 04:24:53 PM
#17
WTF is money.

Money is basically favor vouchers. You do something for someone and they give you some item (gold, seashell, signed piece of paper, etc.) that society agrees gives you the right to call in that favor owed to you, but the cool thing is it doesn't even have to be from the person you did the original favor for.

The way Bitcoin works is instead of actually passing around gold or pieces of paper to record who did what for whom, a globally synchronized accounting ledger records this data in a cryptographically secure way. Since no tokens have to be physically transported, it is global and fast. But since no central authority controls it, it cannot be politically messed with, inflated, confiscated remotely, etc.

It's like gold that weighs nothing, that you can carry in your brain without anyone knowing, and that you can teleport anywhere in the world for a tiny fee or even no fee. You can do this with a few cents or a few million dollars just the same way.

Should be required reading for anyone who uses money.
sr. member
Activity: 252
Merit: 250
September 28, 2014, 03:34:06 PM
#16
I do not see how PayPal can improve Bitcoin. Bitcoin is better in every way. All PayPal has is name value.

Someone enlighten me.

Bitcoin is the future , paypal is the present Wink . Together are ..... I don't know what are they Grin ?

money to buy that mouse for 3.99
member
Activity: 146
Merit: 10
One Token to Move Anything Anywhere
September 28, 2014, 03:07:16 PM
#15
WTF is money.

Money is basically favor vouchers. You do something for someone and they give you some item (gold, seashell, signed piece of paper, etc.) that society agrees gives you the right to call in that favor owed to you, but the cool thing is it doesn't even have to be from the person you did the original favor for.

The way Bitcoin works is instead of actually passing around gold or pieces of paper to record who did what for whom, a globally synchronized accounting ledger records this data in a cryptographically secure way. Since no tokens have to be physically transported, it is global and fast. But since no central authority controls it, it cannot be politically messed with, inflated, confiscated remotely, etc.

It's like gold that weighs nothing, that you can carry in your brain without anyone knowing, and that you can teleport anywhere in the world for a tiny fee or even no fee. You can do this with a few cents or a few million dollars just the same way.

Exactly. Money is so important to most people, that a lot of folks can't wrap their head around the fact, that the entire system is based on nothing other than trust.
full member
Activity: 165
Merit: 100
September 28, 2014, 02:58:20 PM
#14
Hell yes.
This is excellent news for coin.

Something major s wrong with this. This is HUGE news for BTC. Yet the price goes down. Really do not understand the market anymore.
legendary
Activity: 1778
Merit: 1042
#Free market
September 28, 2014, 02:47:39 PM
#13
I do not see how PayPal can improve Bitcoin. Bitcoin is better in every way. All PayPal has is name value.

Someone enlighten me.

Bitcoin is the future , paypal is the present Wink . Together are ..... I don't know what are they Grin ?
legendary
Activity: 1012
Merit: 1000
We on P. Sherman 42 Wallaby Way, Sydney
September 28, 2014, 02:45:06 PM
#12
I do not see how PayPal can improve Bitcoin. Bitcoin is better in every way. All PayPal has is name value.

Someone enlighten me.
sr. member
Activity: 252
Merit: 250
September 28, 2014, 02:41:04 PM
#11
maybe we can buy nice things off ebay in the future with bitcoin.  but for now.  FIAT baby!!!
hero member
Activity: 574
Merit: 500
CoinBooster Rep
September 28, 2014, 02:39:05 PM
#10
I thought paypal accepting bitcoin would at leas bump the price, right now the average is sitting at $381.64
member
Activity: 200
Merit: 10
September 28, 2014, 02:32:03 PM
#9
Doesn't this defeat the purpose of Bitcoin? I thought the idea was to take out all the middlemen (CC companies, PayPal, etc) who skim a percentage of each transaction for themselves.

Sort of. Remember, though, that Bitcoin can and does still benefit from 3rd party services such as escrow. The largest benefit to BTC as a currency is its "push" system, rather than "pull".

http://gendal.wordpress.com/2013/10/21/lessons-from-bitcoin-push-versus-pull/

If you think this is somehow not good for bitcoin, you are SORELY MISTAKEN.
member
Activity: 138
Merit: 10
September 28, 2014, 01:35:37 PM
#8
Doesn't this defeat the purpose of Bitcoin? I thought the idea was to take out all the middlemen (CC companies, PayPal, etc) who skim a percentage of each transaction for themselves.

Sort of. Remember, though, that Bitcoin can and does still benefit from 3rd party services such as escrow. The largest benefit to BTC as a currency is its "push" system, rather than "pull".

http://gendal.wordpress.com/2013/10/21/lessons-from-bitcoin-push-versus-pull/
member
Activity: 140
Merit: 10
September 28, 2014, 12:40:22 PM
#7
Doesn't this defeat the purpose of Bitcoin? I thought the idea was to take out all the middlemen (CC companies, PayPal, etc) who skim a percentage of each transaction for themselves.
member
Activity: 111
Merit: 10
September 28, 2014, 12:07:33 PM
#6
WTF is money.

Money is basically favor vouchers. You do something for someone and they give you some item (gold, seashell, signed piece of paper, etc.) that society agrees gives you the right to call in that favor owed to you, but the cool thing is it doesn't even have to be from the person you did the original favor for.

The way Bitcoin works is instead of actually passing around gold or pieces of paper to record who did what for whom, a globally synchronized accounting ledger records this data in a cryptographically secure way. Since no tokens have to be physically transported, it is global and fast. But since no central authority controls it, it cannot be politically messed with, inflated, confiscated remotely, etc.

It's like gold that weighs nothing, that you can carry in your brain without anyone knowing, and that you can teleport anywhere in the world for a tiny fee or even no fee. You can do this with a few cents or a few million dollars just the same way.
GTA
member
Activity: 90
Merit: 10
September 28, 2014, 11:06:59 AM
#5
WTF is money.
legendary
Activity: 1736
Merit: 1001
September 28, 2014, 10:42:43 AM
#4
Paypal is great for bitcoin.
sr. member
Activity: 338
Merit: 250
September 28, 2014, 10:41:12 AM
#3
Merchants that work with eBay's PayPal can now easily start accepting payments from customers that use Bitcoin

Is this actually true though? I knew they have implemented it in some fashion, but is it as simple as any merchant that accepts PP can now take BTC too? Why can't we use it on ebay yet?

Why bitcoin price  is still felling?

Falling. You should no buy now that good news doesn't really make the price shoot up anymore.
full member
Activity: 182
Merit: 100
★Bitin.io★ - Instant Exchange
September 28, 2014, 10:37:44 AM
#2
Why bitcoin price  is still felling?
jr. member
Activity: 53
Merit: 12
September 28, 2014, 09:49:26 AM
#1
Read very positive news on CNN:

"This week, the payment processing company PayPal took its first venture into the world of all-digital money. Merchants that work with eBay's PayPal can now easily start accepting payments from customers that use Bitcoin, an independent, government-less currency.
PayPal struck a deal with three Bitcoin payment-processing companies: BitPay, Coinbase and GoCoin."

http://money.cnn.com/2014/09/26/technology/paypal-bitcoin/index.html
Pages:
Jump to: