I'm all for boosterism, but in keeping with rpietila's original intent, perhaps we should move topics unrelated to speculation on price trajectory elsewhere?
Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 354. (Read 907227 times)
That Western Union response ....
Sorta sounds like the dinasaurs shortly before the giant rock hit the planet.
Sorta sounds like the dinasaurs shortly before the giant rock hit the planet.
I wonder why searching the business WU website for Bitcoin leads to http://business.westernunion.com/resource-center/fx-101/hedging/?
I think there is a demand for a good bitcoin escrow service, if WU is smart, they step in here.
it is technologically possible to have a trustless escrow service where both parties have to agree to release the funds and otherwise they are locked up forever. it's just a matter of software.
Western Union:
Thanks for the advise David. Due to our policy, advertising BitCoin through our page will not be appropriate, our Sales Team constantly review our market and I am sure they will get to know about your suggestion in the future.
Thanks again for taking some of your valuable time to share this with us.
... and with that they took down my posting on their wall.
David Rabahy:
Hmm, it wasn't my intention to advertise Bitcoin but I can see where it might have looked like that. Can you help me connect with your Sales Team?
Thanks for the advise David. Due to our policy, advertising BitCoin through our page will not be appropriate, our Sales Team constantly review our market and I am sure they will get to know about your suggestion in the future.
Thanks again for taking some of your valuable time to share this with us.
... and with that they took down my posting on their wall.
David Rabahy:
Hmm, it wasn't my intention to advertise Bitcoin but I can see where it might have looked like that. Can you help me connect with your Sales Team?
Western Union:
And how could Western Union help you in regards this, is there something we can do for you?
David Rabahy:
Personally I am just promoting Bitcoin. I see a tremendous opportunity for Western Union to take advantage of Bitcoin. What I would like is for Western Union to examine Bitcoin and see if it makes sense to take advantage of it. I know a lot about Bitcoin and would be delighted to share my knowledge.
And how could Western Union help you in regards this, is there something we can do for you?
David Rabahy:
Personally I am just promoting Bitcoin. I see a tremendous opportunity for Western Union to take advantage of Bitcoin. What I would like is for Western Union to examine Bitcoin and see if it makes sense to take advantage of it. I know a lot about Bitcoin and would be delighted to share my knowledge.
I send them the following private message;
Bitcoin *might* be an option to explore for international money transfer. It might have the potential to save millions of dollars compared to bank transmission and forex fees. Also, Bitcoin ATMs in stores could be very handy.
Replace 'might be' with 'is'. If you want to sell something you should believe in it yourself as well. Bitcoin *might* be an option to explore for international money transfer. It might have the potential to save millions of dollars compared to bank transmission and forex fees. Also, Bitcoin ATMs in stores could be very handy.
I send them the following private message;
Bitcoin *might* be an option to explore for international money transfer. It might have the potential to save millions of dollars compared to bank transmission and forex fees. Also, Bitcoin ATMs in stores could be very handy.
Bitcoin *might* be an option to explore for international money transfer. It might have the potential to save millions of dollars compared to bank transmission and forex fees. Also, Bitcoin ATMs in stores could be very handy.
Neat;
Western Union: Hello David, could you please send us a private message that includes detailed information on why you suggest BitCoin to be examined? Tell us about your experience, we will be more than glad to help you.
Um, what do I say?
Western Union: Hello David, could you please send us a private message that includes detailed information on why you suggest BitCoin to be examined? Tell us about your experience, we will be more than glad to help you.
Um, what do I say?
Tell them it is an option they should explore for international money transfer. Tell them it has the potential to save them millions of dollars compared to bank transmission and forex fees. Also, tell them to put ATMs in all their stores.
Neat;
Western Union: Hello David, could you please send us a private message that includes detailed information on why you suggest BitCoin to be examined? Tell us about your experience, we will be more than glad to help you.
Um, what do I say?
Western Union: Hello David, could you please send us a private message that includes detailed information on why you suggest BitCoin to be examined? Tell us about your experience, we will be more than glad to help you.
Um, what do I say?
BTC can't solve remittances because there are unequal flows of money. If 10,000 btc get sent home to India, the rupee/btc exchange rate will plummet unless those bitcoins get sent elsewhere before they are sold.
In my opinion, it would be highly useful to launch a campaign to position bitcoin as the competition for Western Union. Since bitcoin can and is likely to eat Western Union's lunch; we should approach them. Either they can adopt bitcoin and survive and thrive *or* enter a phase of decline. Who speaks for bitcoin? It seems unreasonable to trust Western Union will figure this out on their own.
The advantage of western union is anyone can walk in with their fiat and send money, and they also don't need to understand anything about how it works. Btc cannot possibly replace WU on its own because it does not transmit fiat. In order for btc to function as WU you also need to integrate some kind of fiat/btc exchange service. Even in this case btc is not replacing WU but only part of a system that like WU and it also likely to be too much for the average user to bother with.
I think there is a demand for a good bitcoin escrow service, if WU is smart, they step in here.
I've posted a message to https://www.facebook.com/WesternUnion; might I suggest we all go there and add our support?
In my opinion, it would be highly useful to launch a campaign to position bitcoin as the competition for Western Union. Since bitcoin can and is likely to eat Western Union's lunch; we should approach them. Either they can adopt bitcoin and survive and thrive *or* enter a phase of decline. Who speaks for bitcoin? It seems unreasonable to trust Western Union will figure this out on their own.
I agree, I think we would need support of a few additional major retailers like overstock.com to cross the Chasm and really lift off.
I do not think we need any retail traffic for btc to rocket up. Just the international remittance market alone would suffice to take us to 3k-5k USD. We need infrastructure, not markets. Markets are hungry for bitcoin functionality. Infrastructure to deliver that functionality into those markets is lacking (and represents the best business opportunity in the crypto space). Infrastructure for retail is much more difficult to get right. Remittances are easier to do.
+1 Agreed. And it is coming.
I agree, I think we would need support of a few additional major retailers like overstock.com to cross the Chasm and really lift off.
I do not think we need any retail traffic for btc to rocket up. Just the international remittance market alone would suffice to take us to 3k-5k USD. We need infrastructure, not markets. Markets are hungry for bitcoin functionality. Infrastructure to deliver that functionality into those markets is lacking (and represents the best business opportunity in the crypto space). Infrastructure for retail is much more difficult to get right. Remittances are easier to do.
mt. gox seems to be running out of coins. that might put a kink in the C wave scenario.
either that or it will be the straw that broke mt. gox's back.
anybody know who is doing arb with mt. gox? is there a useful thread about interexchange arb?
either that or it will be the straw that broke mt. gox's back.
anybody know who is doing arb with mt. gox? is there a useful thread about interexchange arb?
IMO the support is raising up just right now... overstock, porn.com... maybe facebook?
a bigger issue will be the critical governments and reserve banks from US and Europe.
hope there will come a closed statement in the next few weeks
regards bcm42
a bigger issue will be the critical governments and reserve banks from US and Europe.
hope there will come a closed statement in the next few weeks
regards bcm42
It seems to me Bitcoin is at the beginning edge of the chasm per http://en.wikipedia.org/wiki/Crossing_the_Chasm. The Bitcoin exchange rates will mostly slump until the pragmatists (early majority) climb on board. If they don't then Bitcoin fails.
I agree, I think we would need support of a few additional major retailers like overstock.com to cross the Chasm and really lift off.
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