Will PayPal really use bitcoin? - page 2.

SAQ

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Quote from: lucif on May 04, 2013, 05:31:17 AM

Yeah, century. This is correct. Paypal and Bitcoin are so different, so they can not cooperate in any way.

Well paypal could be an entry point to bitcoins. Fiat and bitcoin interacts all the time. Paypal could be a middle man managing that interaction. Moreover, they own ebay too, so they would get a free transaction infrastructure supported by all those miners - i.e. everyone.

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Quote from: anu on May 04, 2013, 05:39:32 AM

Quote from: lucif on May 04, 2013, 05:31:17 AM

Yeah, century. This is correct. Paypal and Bitcoin are so different, so they can not cooperate in any way.

Paypal can't cooperate with cash. But why exactly can't they cooperate with Bitcoin?

Paypal does cooperate with cash, Paypal cooperates better with cash than Bitcoin does. Paypal isn't a currency, it is just a service. It requires the bank as an intermediary between it and cash, but it is way easier to find paypal than bitcoin from cash.

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Quote from: anu on May 04, 2013, 05:39:32 AM

Quote from: lucif on May 04, 2013, 05:31:17 AM

Yeah, century. This is correct. Paypal and Bitcoin are so different, so they can not cooperate in any way.

Paypal can't cooperate with cash. But why exactly can't they cooperate with Bitcoin?

You should ask this in Newbies section.

anu

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Quote from: lucif on May 04, 2013, 05:31:17 AM

Yeah, century. This is correct. Paypal and Bitcoin are so different, so they can not cooperate in any way.

Paypal can't cooperate with cash. But why exactly can't they cooperate with Bitcoin?

lucif

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Yeah, century. This is correct. Paypal and Bitcoin are so different, so they can not cooperate in any way.

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Quote from: lucif on May 04, 2013, 04:59:02 AM

Paypal and others are legal payment systems which require full client identification. They are absolutely not compatible in any way with Bitcoin. Bitcoin is from another planet. Or even from another galaxy.

Not planet or galaxy, but century. PayPal bridges the gap between 20th century money and the 21st century internet. Bitcoin is pure internet, in fact I view it as an inevitable consequence of the internet, one of many more to come.

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https://www.google.com/search?q=bitcoin+paypal+account+blocked+site:bitcointalk.org

lucif

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Yeah, and how paypal banning accounts when know that they are involved into trading bitcoin.

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Ad maiora!

maybe he's been lurking these boards and has seen how many people are eager to buy btc with paypal. Cheesy

lucif

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What a stupid herd...

Paypal ceo in somewhat long interview told for 10 seconds that he likes bitcoin design.

This is all. Nothing more. I tell this to my friends every time.

All other - sick imagination.

Paypal and others are legal payment systems which require full client identification. They are absolutely not compatible in any way with Bitcoin. Bitcoin is from another planet. Or even from another galaxy.

Babylon

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If Paypal makes it easier to turn paypal money into bitcoins that will make me happy. I have a hard time turning paypal money into anything.

anu

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Quote from: herzmeister on May 04, 2013, 04:27:48 AM

I think it's not true that PayPal want to confuse or mislead anyone. Bitcoin is a low-level protocol. The largest part of the population cannot use it in its raw form, just like they don't use the Linux shell.

There'll always be a market for higher level services that offer online accounts, customer support, chargebacks, dispute resolutions etc... It's rather that PayPal will compete with BitPay. They'll also become a Ripple gateway if ripple.com becomes a success.

This!

Remember how we all thought that the Internet would break the dominance of Microsoft in 1994? The Internet destroyed some of the basic assumptions underlying MS's business model. But MS adapted their business model in no time at all and was able to ride the Internet wave beautifully.

Remember how Linux fans thought of their system as the antithesis of proprietary models? Not reconcilable? Untill Oracle and IBM and many others adopted it?

PP may do the same once Bitcoin gets big enough. They will adapt and come out stronger than before. That's what businesses do: They surf the waves. Bitcoin can make a lot of big waves and create loads of opportunities. And if they don't - all the better for OKPAY.

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I think it's not true that PayPal want to confuse or mislead anyone. Bitcoin is a low-level protocol. The largest part of the population cannot use it in its raw form, just like they don't use the Linux shell.

There'll always be a market for higher level services that offer online accounts, customer support, chargebacks, dispute resolutions etc... It's rather that PayPal will compete with BitPay. They'll also become a Ripple gateway if ripple.com becomes a success.

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Quote from: Its About Sharing on May 04, 2013, 03:58:43 AM

I agree, BTC can do nothing but help to destroy Paypal. The CEO said it could be a funding mechanism for Paypal??? Is it really a problem to fun Paypal accounts?

You are confusing something. Bitcoin may destroy the current business model of PP. But why PP itself? I think Bitcoin is a dream come true for hedge funds, investment banks, and yes, payment processors.

Its About Sharing

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I agree, BTC can do nothing but help to destroy Paypal. The CEO said it could be a funding mechanism for Paypal??? Is it really a problem to fun Paypal accounts?

The only problem I see is funding BTC accounts and that is being worked on. Paypal's fee's are just too high to be a longterm funding mechanism for BTC accounts.

Now, maybe they try to alter their business model to adapt to BTC's for a bit of business is better than going out of business. Anything is possible, but I say the CEO was talking out his...

hgmichna

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The PayPal president David Marcus mentioned in an interview that he is currently thinking about bitcoin and pondering the thought of using it for funding.

My first thought was that he was just stonewalling and spreading false information to confuse and stall, because bitcoin is a threat to PayPal.

As far as eBay transactions are concerned, even a total switch from the current PayPal system to bitcoin would not diminish eBay's profits, because they could still take their high percentages on each sale. They could use bitcoin along with traditional money and profit just like before.

However, PayPal is currently trying to expand its business to non-eBay transactions, in effect trying to become a new global player in the money transfer field. They could kiss that business goodbye, as soon as people noticed that with bitcoin they would not need PayPal any more.

Has anybody followed PayPal's global plans and can comment on these thoughts?

Topic: Will PayPal really use bitcoin? - page 2. (Read 2868 times)