Bitcoin Forum

http://video.cnbc.com/gallery/?video=3000281677

This is going to be the year of the bit coin. Things are moving much faster than man of us thought they would. 

This link works ouside the US.
http://www.cnbc.com/id/101734293

I know people have said Ebay is going to accept BTC at some point, but hearing the freakin CEO say he owns Bitcoin, WOW! Amazon will be on board shortly and it's a done deal! We are going to the moon  ;D

Amazon is the big fish for sure. That puts bit coin in the living room of most people.

This is huge news. We might as well go ahead and price in as if PayPal has integrated bitcoin payments!


@coinredeemer please edit title to correct format:

[2014-06-05] CNBC: EBay CEO serious about bitcoin



^ this is a better link.

if you think that 2014 is bitcoins year, wait for 2015 and 2016  ;)

OP,please Format the thread

TO DA MOON!

This is seriously great news. We couldn't expect better.

Even as though govts across the board are becoming more oppressive in different ways, it's still a great time to be alive and rage against the machine w/ crypto. Everything seems to be snowballing on past events and the biggest things have yet to happen. :o

And the bit coin was running laps before these governments even put their shoes on. They will clumsily try to catch up but this train has left the station.

Maybe I'm missing something but it would seem that ebay accepting btc would lead to a lot more spending than purchacing... would be interesting to see short term and long term price projections.

I don't use E-Bay, but I find it amazing how first Dish, and than E-Bay. Other companies are thinking about it as well. I think Amazon even fired up about it.

When the discussions stop and action begin, then I will let the excitement rage out of control...till then, meh

You are missing half the fun. The roller coaster of excitement followed by disappointment followed by excitement is every bit coiners birthright.  ;D

This party is getting heated up fast, and some of us could use more time to prepare.
If only I hadn't have sold so cheap in 2012....

The flood of great news is amazing, what will the next few weeks be like?

What do you mean?
People would buy Bitcoin, that's definite.

Thanks for the second link
Watched the video and it does look like this will be good news.
Innovate digital currencies into our wallet but no time range yet so we will see.
But woot he owns BTC

I am in the same boat. I feel selfish saying this but I would not mind if it slowed down just a tiny bit. I have only had bit coin since March of this year.

It's fine since we will have some sort of collapse event later  ;D
Honestly I hope not but knowing how our bubbles are there will be some sort of trigger either that or we could start a whole new topic on will this be the last bubble to mainstream adoption of bitcoin.

That CEO like others have been incredibly two-faced about Bitcoin because he says one thing then his company does all kinds of crap to the people who actually want to trade it, at least with guys like Peter Schiff we know he did it purely for business reasons, companies are going to have to switch to Bitcoin just to be competitive.

It is just difference between business and private life. He can own as much BTC as he wants and support BTC but if company is not supporting or it is against ToS then they will screw users who deal with BTC. But I look at this news as good one and BTC will sure expand it's market with eBay and Amazon...

Oh yeah, I know that, but you have all these people now doing a total reversal on their opinions about Bitcoin the moment they see them making tons of money, it's a bit like when I've seen people attacking creative people etc. when they're learning or they aren't making any money but when they hit it big all of a sudden they were with them from the very start.

Actually, I think that's a good metaphor, Bitcoin is a bit like an under appreciated artist :P

So if Bitcoin was to die, it would be worth a lot more? ;D ;D ;D

If Satoshi dies then Bitcoin will be worth a lot more ... oh, so that's why he is anonymous. :)

This is the trick: Large enterprises first buy thousands of bitcoins, then accept bitcoin to raise its exchange rate, then dump them to make a 10x profit  ;D

Individuals do that too. The only difference is scale. Whatever their motives are it is good for bit coin.

According to rpitella, Satoshi owns some BTC980,000. That is still less than 8% of all the Bitcoins in circulation. And we are not sure whether he is having the private keys to all of his wallets. Most of the coins haven't been moved for almost 3 years now. That said, who would murder someone else for just 8% rise in their net wealth?

You're talking like 8% is nothing. It's way too much. Are you saying you wouldn't want to have a million BTC?

I got an eBay policy violation a couple of weeks ago for saying I'd accept btc for payment. Also I had my PayPal account suspended a few months ago for selling crypto - I had to fill in AML documentation and file a statutory declaration to restore my account.

eBay charges about 10% in fees, including shipping as of a recent change in Terms and Conditions. Paypal holds your funds for several days when transferring from your account to your bank, while it sits in their massive slush fund accumulating them interest. These are both predatory corporate entities who suck the life out of small business (large ones too) and individuals. Why? Because they can, because they have no competition, they are monopolies unto themselves.

I would like nothing better than to see real competition to eBay. Preferably an auction site that accepts both crypto and PayPal, but one that dumps the fiat from PayPal and pays you out in the crypto of your choice.

So I don't support eBay accepting bitcoin, or perhaps I should phrase it better, I'd like to take my business elsewhere. We shouldn't encourage crypto adoption of an entity that has been openly hostile to those who accept and sell bitcoin.

Just my 2 satoshis.

I agree with how bad ebay/paypal is, but the exposure is always a good thing.

+1

Screw PayPal - Bitcoin does not need it. Bitcoin can wipe out PayPal completely & the trading world, as well as the end user/buyer, will be better off for it. PayPal are just trying to cash in, they will charge users for crypto usage which defeats the object of using it in the first place. Ebay/Paypal are an evil entity that will be replaced by Bitcoin & other online market stores - the sooner this happens the better for everyone.

Ebay is one of the most popular online retailing sites in the world right now. Even if we agree with the fact that their services are bad, there are large number of people who disagree with our opinion . And right now, any type of adoption by anyone will be good for the Bitcoin.

You say trick, I say business model!

Well, it now became clear that it is "the next  big thing". This is the reason why im personally here. Wanna join the party!

Spot on!

Thanks OP for the link. Once eBay, PayPal and Amazon add Bitcoin to their sites... this rocket will be out of our atmosphere! I'm super stoked to see what this summer/fall season brings leading us into our holiday shopping season. This really is the beginning of something huge and we are leading the way!

That is true presently but as more people become dissatisfied with ebay and we start seeing more services we might see a change.
I for one would be interested in a Bitcoin equivalent of Ebay and Paypal together but I'm sure a few ideas are rolling around to do that already.

eBay is late to the game. Has anyone noticed how unintuitive their website is by the way? It is like impossible to manuever....

For anyone looking for an alternative to ebay, have a look at https://cryptothrift.com.

In the end, if we want an alternative to ebay, we need to support alternative market places.

The way I deal with this, I list my items on both ebay and cryptothrift and include the a statmemnt in my ebay listings that guides people to the corresponding crypto thrift listing if they wish to use bitcoins for payment.

I am probably breaking an ebay rule somewhere  :) ... but I haven't been pulled up by ebay about it yet, so I keep doing it  ;D

Lots of newbies here.  Welcome!