Topic: The Disruptive Marketplace - BTC and Mobile Payments - page 2. (Read 2531 times)
Short the Dow.
This morning over coffee I was pondering for a while over the incredible losses that many big companies are going to face due to Bitcoin's timely arrival.
We're on the cusp of mainstream mobile phone payment systems - systems that have been built for hundreds of millions of dollars over the past couple years. These systems are now about to hit the market, and big companies like eBay/Paypal, Google, and Visa are buying them.
And now this ridiculous thing called Bitcoin happens, and this dude Brian Armstrong develops a beautiful and elegant Android client, and suddenly anyone in the world can send payments to each other online or with their phones with almost zero fees. How disruptive this is! These other mobile payment companies may be screwed over the next 1-2 years of Bitcoin is widely adopted as a currency.
Capitalism can be brutal.
We're on the cusp of mainstream mobile phone payment systems - systems that have been built for hundreds of millions of dollars over the past couple years. These systems are now about to hit the market, and big companies like eBay/Paypal, Google, and Visa are buying them.
And now this ridiculous thing called Bitcoin happens, and this dude Brian Armstrong develops a beautiful and elegant Android client, and suddenly anyone in the world can send payments to each other online or with their phones with almost zero fees. How disruptive this is! These other mobile payment companies may be screwed over the next 1-2 years of Bitcoin is widely adopted as a currency.
Capitalism can be brutal.
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