PayPal president interested in bitcoin - page 4.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: P4man on April 24, 2013, 11:22:28 AM

Quote from: w00t on April 24, 2013, 11:14:57 AM

This. I think the whole idea why we moved away from these PayPal-like methods to Bitcoin is because we don't have to deal with these a$$holes.

Not having to [deal with PP] is a good thing. Not being able to, not so good. Having the choice can only be a good thing for everyone involved.

this.

GreekGeek

hero member

Activity: 577

Merit: 500

Jesus was a (Goddamn) hippy socialist

Quote from: RodeoX on April 24, 2013, 10:14:00 AM

Quote from: woodrowchai on April 24, 2013, 09:46:41 AM

I have some money in paypal,but i can't use my own money easily.
I don't like paypal.

Me also. I hope they do embrace bitcoin. I will use the money in my account to buy bitcoin then close it. Wink

+1

this is exactly what I was thinking!!!!

Chakraball

member

Activity: 81

Merit: 11

Quote from: matthewh3 on April 24, 2013, 10:59:46 AM

Quote from: Bro on April 24, 2013, 09:34:37 AM

Soon Paypal or Western Union will buy MtGox, mark my words.

Yeah I've read Western Union and MoneyGram are looking at trying to adopt bitcoin soon also. Maybe running a fiat exchange with such tight banking laws as in the UK and US could only be done by major international corporations and not small outfits. As currently there is no exchanges in the UK any more and with US ones being shut down. They could corner the market for buying/selling bitcoins centrally. The sizes of these companies means they have very large legal departments and can fight there way through all the proceeder's. If any one of those three companies moved into buy and selling bitcoin internationally this could be what makes bitcoin enter the mainstream. Plus with the high fees they charge it would help bitcoin in OTC buying and selling market.

And no doubt the end of companies like localbitcoin.

P4man

hero member

Activity: 518

Merit: 500

Quote from: w00t on April 24, 2013, 11:14:57 AM

This. I think the whole idea why we moved away from these PayPal-like methods to Bitcoin is because we don't have to deal with these a$$holes.

Not having to [deal with PP] is a good thing. Not being able to, not so good. Having the choice can only be a good thing for everyone involved.

w00t

full member

Activity: 188

Merit: 108

Quote from: glendall on April 24, 2013, 11:05:49 AM

I hope Paypal stays away. Terrible company IMHO.

Ever since about... I dunno, 5 or 6 years ago, when they screwed up a payment which caused me financial penalties and then they absolutely no phone number at all for any sort of customer service discussion I been an ardent disliker of these muppets.

This. I think the whole idea why we moved away from these PayPal-like methods to Bitcoin is because we don't have to deal with these a$$holes.

P4man

hero member

Activity: 518

Merit: 500

Quote from: RodeoX on April 24, 2013, 09:01:31 AM

NEWSFLASH: Bitcoin not interested in PayPal.

I beg to differ. Buying and selling bitcoins for paypal has been a hot issue for as long as Ive known about bitcoin. And having paypal accept bitcoins for funding their accounts would be fantastic. No one will ever again have to ask "what can I buy with it".

It even also makes sense for paypal and its customers; the irreversibility of bitcoin is a double edged sword. Sometimes its a god sent, but just as often you do want an escrow service or some arbiter. No matter how much you hate them, Paypal is perfectly positioned for that. In short; this is is the best news I heard all week.

glendall

legendary

Activity: 2156

Merit: 1018

Buzz App - Spin wheel, farm rewards

I hope Paypal stays away. Terrible company IMHO.

Ever since about... I dunno, 5 or 6 years ago, when they screwed up a payment which caused me financial penalties and then they had absolutely no phone number at all for any sort of customer service discussion I have been an ardent disliker of these muppets.

matthewh3

legendary

Activity: 1372

Merit: 1003

Quote from: Bro on April 24, 2013, 09:34:37 AM

Soon Paypal or Western Union will buy MtGox, mark my words.

Yeah I've read Western Union and MoneyGram are looking at trying to adopt bitcoin soon also. Maybe running a fiat exchange with such tight banking laws as in the UK and US could only be done by major international corporations and not small outfits. As currently there is no exchanges in the UK any more and with US ones being shut down. They could corner the market for buying/selling bitcoins centrally. The sizes of these companies means they have very large legal departments and can fight there way through all the proceeder's. If any one of those three companies moved into buy and selling bitcoin internationally this could be what makes bitcoin enter the mainstream. Plus with the high fees they charge it would help bitcoin in OTC buying and selling market.

basementdweller

newbie

Activity: 30

Merit: 0

Quote from: crazy_rabbit on April 24, 2013, 10:39:38 AM

Whatever my issues are with Paypal- them joining bitcoin will make us rich. So I'm 100% supportive.

I'm a passionate Paypal hater. My desire to see them fail is even greater than my desire to be rich.

So I'm not supportive. I hope they perish like the dinosaurs 60+ million years ago.

Gordonium

sr. member

Activity: 392

Merit: 250

Quote from: crazy_rabbit on April 24, 2013, 10:39:38 AM

Whatever my issues are with Paypal- them joining bitcoin will make us rich. So I'm 100% supportive.

This.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Whatever my issues are with Paypal- them joining bitcoin will make us rich. So I'm 100% supportive.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: Herodes on April 24, 2013, 09:32:09 AM

David Marcus may be groomed well, but he's an outright liar.

He said that nobody will lose money using Paypal, the numerous stories floating around online telling about users having their assets frozen for 180 days with no apparent reason tells otherwise. Also their customer support sucks majorly.

I haven't given them business for years and years, and I hope nobody else valuing their own monies doesn't either.

You're right, noone around here is going to use them.

That's not the point however. We are by far the vast minority of online users and the vast majority are using them and will continue to be using them for years to come. If they adopt bitcoin as a funding method, they just increased the userbase by an exponential order of magnitude.

Kaiji

full member

Activity: 140

Merit: 100

Hoist the Colours

I wonder why paypal or some bank just doesn't make their own cryptocurrency? I read some where that Canadians banks are looking into making digital currency. I always hated having to use credit cards for online payments since they are irresponsible when it comes to security, too easy to cause recurring fees, interest etc.

The problem is that there was no alternative UNTIL bitcoins came about. A little ingenuity and mathematics and you can post an address online with no risk of theft and commerce can flow so smoothly. We are still at the tip of the iceberg of what cryptocurrencies can do.

Paypal is not worried about bitcoins because of the difficulty in purchasing bitcoins. The irony being that an internet currency that can't be obtained online. If paypal is smart they should brand themselves as the only place to purchase bitcoins with credit cards.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: woodrowchai on April 24, 2013, 09:46:41 AM

I have some money in paypal,but i can't use my own money easily.
I don't like paypal.

Me also. I hope they do embrace bitcoin. I will use the money in my account to buy bitcoin then close it. Wink

woodrowchai

newbie

Activity: 30

Merit: 0

I have some money in paypal,but i can't use my own money easily.
I don't like paypal.

Gordonium

sr. member

Activity: 392

Merit: 250

Quote from: matt608 on April 24, 2013, 09:24:06 AM

This is the news that's causing the current rally and my prediction is it will bring us up to nearly touching $200 by the end of next week.

You mean tonight?

RenegadeMind

copper member

Activity: 1380

Merit: 504

THINK IT, BUILD IT, PLAY IT! --- XAYA

Quote from: Bro on April 24, 2013, 09:34:37 AM

Soon Paypal or Western Union will buy MtGox, mark my words.

Let's hope that they stick to some principles and don't sell.

(Yeah, I like to be optimistic... I hope I'm not overly so.)

Bro

full member

Activity: 218

Merit: 100

Soon Paypal or Western Union will buy MtGox, mark my words.

Herodes

hero member

Activity: 868

Merit: 1000

David Marcus may be groomed well, but he's an outright liar.

He said that nobody will lose money using Paypal, the numerous stories floating around online telling about users having their assets frozen for 180 days with no apparent reason tells otherwise. Also their customer support sucks majorly.

I haven't given them business for years and years, and I hope nobody else valuing their own monies doesn't either.

matt608

hero member

Activity: 868

Merit: 1000

This is the news that's causing the current rally and my prediction is it will bring us up to nearly touching $200 by the end of next week.

Topic: PayPal president interested in bitcoin - page 4. (Read 7534 times)