Title: BitPay laid off nine employees yesterday. Post by: GoWest on January 11, 2015, 07:19:55 PM This source indicates that Bitpay just laid off nine staff: http://qntra.net/2015/01/bitpay-lays-off-9-employees-today/
Given the reports from the Bitcoin Bowl, almost no one is spending their Bitcoins with brick & mortar merchants. In other news... Ripple is hiring! https://www.ripplelabs.com/careers/ Title: Re: BitPay laid off nine employees yesterday. Post by: ElectricMucus on January 11, 2015, 07:25:58 PM Perhaps they can get their business back on track by incorporating ripple payments into their checkout system.
But what do I say, blasphemy! Ripple is the enemy, right? Title: Re: BitPay laid off nine employees yesterday. Post by: GoWest on January 11, 2015, 07:29:09 PM Perhaps they can get their business back on track by incorporating ripple payments into their checkout system. But what do I say, blasphemy! Ripple is the enemy, right? At the San Jose Bitcoin conference in 2013, I asked one of the BitPay employees what they thought about Ripple and they literally responded, "we don't talk about them." Title: Re: BitPay laid off nine employees yesterday. Post by: Walsoraj on January 11, 2015, 07:34:17 PM This source indicates that Bitpay just laid off nine staff: http://qntra.net/2015/01/bitpay-lays-off-9-employees-today/ Given the reports from the Bitcoin Bowl, almost no one is spending their Bitcoins with brick & mortar merchants. In other news... Ripple is hiring! https://www.ripplelabs.com/careers/ https://xrptalk.org/topic/5042-ripple-labs-in-talks-with-top-15-global-telcos/ https://xrptalk.org/topic/5041-updated-exec-summary-for-financial-institutions/ 2015 will be the year of Ripple. Title: Re: BitPay laid off nine employees yesterday. Post by: ElectricMucus on January 11, 2015, 07:38:14 PM Perhaps they can get their business back on track by incorporating ripple payments into their checkout system. But what do I say, blasphemy! Ripple is the enemy, right? At the San Jose Bitcoin conference in 2013, I asked one of the BitPay employees what they thought about Ripple and they literally responded, "we don't talk about them." That says something about who they are too... Title: Re: BitPay laid off nine employees yesterday. Post by: Eamorr on January 11, 2015, 07:42:05 PM Perhaps they can get their business back on track by incorporating ripple payments into their checkout system. But what do I say, blasphemy! Ripple is the enemy, right? At the San Jose Bitcoin conference in 2013, I asked one of the BitPay employees what they thought about Ripple and they literally responded, "we don't talk about them." These people "believe" in Bitcoin like it's a religion. There's no talking to them. Bitcoin is a lovely old steam engine for the nostalgic, trainspotters and enthusiasts. But the world's population cannot be transported on steam. Trying to hack steam or harping back to the glory days of steam is a waste of human effort and human know-how. We know better and have the technology and tools in our hands. That said, we ought to cherish and remember BTC as a very, very important part of digital currency history. Title: Re: BitPay laid off nine employees yesterday. Post by: smoothie on January 11, 2015, 09:32:27 PM Two possibilities:
1. Bitpay overshot their mark on how much staff they could support/needed. 2. They are hurting with this downturn in bitcoin's price. Title: Re: BitPay laid off nine employees yesterday. Post by: HarHarHar9965 on January 11, 2015, 09:34:22 PM Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action.
Title: Re: BitPay laid off nine employees yesterday. Post by: smoothie on January 11, 2015, 09:43:46 PM Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action. Anyone got the link to this claim ^? Title: Re: BitPay laid off nine employees yesterday. Post by: brg444 on January 11, 2015, 09:47:42 PM Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action. Anyone got the link to this claim ^? I think it is more likely parts of their seed investement rounds were in BTC. I know it was the case for a couple of early companies such as Armory... Title: Re: BitPay laid off nine employees yesterday. Post by: HarHarHar9965 on January 11, 2015, 09:49:13 PM I may be misinformed or remembering wrong. I was only getting this secondhand some months ago.
Title: Re: BitPay laid off nine employees yesterday. Post by: ElectricMucus on January 12, 2015, 02:09:59 AM Back two years ago during the pirateat40 ponzi they posted something about "short squeezing" pirate, essentially admitting engaging in the market.
I'm unaware of any other concrete facts, but it can be speculated that they use the VC money to pay out merchants and keep the BTC. The cynic in me hopes that is actually their business model, meaning that once they run out of VC funds they get to blow up in true Bitcoin Enterprise fashion. Title: Re: BitPay laid off nine employees yesterday. Post by: gentlemand on January 12, 2015, 02:11:40 AM Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action. That would be a bit daffy if they did. That shouldn't be the business they're in. Title: Re: BitPay laid off nine employees yesterday. Post by: NotHatinJustTrollin on January 12, 2015, 02:12:36 AM If you look around, everything bitcoin related is slowly starting to collapse.
It's funny. Title: Re: BitPay laid off nine employees yesterday. Post by: cisahasa on January 12, 2015, 02:30:50 AM this makes things look fishy..
after so called hack..what is bitstamps connection to ripple scam? Title: Re: BitPay laid off nine employees yesterday. Post by: cbeast on January 12, 2015, 03:52:40 AM This source indicates that Bitpay just laid off nine staff: http://qntra.net/2015/01/bitpay-lays-off-9-employees-today/ Given the reports from the Bitcoin Bowl, almost no one is spending their Bitcoins with brick & mortar merchants. In other news... Ripple is hiring! https://www.ripplelabs.com/careers/ https://xrptalk.org/topic/5042-ripple-labs-in-talks-with-top-15-global-telcos/ https://xrptalk.org/topic/5041-updated-exec-summary-for-financial-institutions/ 2015 will be the year of Ripple. Title: Re: BitPay laid off nine employees yesterday. Post by: Bit_Happy on January 12, 2015, 03:59:17 AM ^^^
Ripple is hopeless since it is centralized and too confusing for mainstream users; BTC is sometimes confusing, but a free (open-source) market can make it easy to use. Title: Re: BitPay laid off nine employees yesterday. Post by: Omikifuse on January 12, 2015, 04:02:55 AM In stock market, when they fire employees the prices rise because they won't have to pay salaries.
Here we see nowhere but down trolling show. If you think Bitpay is with financial troubles and you were a serious user, or at least a first class troll, you would use numbers and balances, not the fact they fired some people Title: Re: BitPay laid off nine employees yesterday. Post by: Omikifuse on January 12, 2015, 04:08:54 AM In stock market, when they fire employees the prices rise because they won't have to pay salaries.
Here we see nowhere but down trolling show. If you think Bitpay is with financial troubles and you were a serious user, or at least a first class troll, you would use numbers and balances, not the fact they fired some people Title: Re: BitPay laid off nine employees yesterday. Post by: louisreel on January 12, 2015, 04:12:49 AM Quote Ripple doesn't solve any problems. It's just another middleman charging more fees from your bank account. They don't have a store of value. They don't protect privacy. They can't be sent for free speech. Ripple doesn't do anything you can't do with fiat money. ApplePay will bury Ripple. ApplyPay may do well this year, but it's largely a way of putting a bunch of your credit cards on your phone...doesn't seem all that exciting. Any plans to use it for remittance? Seems that's one of Ripple's potential edges. It ain't easy for regular people to move money around the world cheap. Bitcoin projects have tried to address it but not much so far. Title: Re: BitPay laid off nine employees yesterday. Post by: cbeast on January 12, 2015, 04:53:49 AM Quote Ripple doesn't solve any problems. It's just another middleman charging more fees from your bank account. They don't have a store of value. They don't protect privacy. They can't be sent for free speech. Ripple doesn't do anything you can't do with fiat money. ApplePay will bury Ripple. ApplyPay may do well this year, but it's largely a way of putting a bunch of your credit cards on your phone...doesn't seem all that exciting. Any plans to use it for remittance? Seems that's one of Ripple's potential edges. It ain't easy for regular people to move money around the world cheap. Bitcoin projects have tried to address it but not much so far. Title: Re: BitPay laid off nine employees yesterday. Post by: 2dogs on January 12, 2015, 10:37:30 AM We need to see BitPay's financial statements to get more info. Title: Re: BitPay laid off nine employees yesterday. Post by: bigtimespaghetti on January 12, 2015, 11:24:44 AM The cynic in me hopes that is actually their business model, meaning that once they run out of VC funds they get to blow up in true Bitcoin Enterprise fashion. Ad thus balance is restored! Title: Re: BitPay laid off nine employees yesterday. Post by: inca on January 12, 2015, 11:31:48 AM Has this source been corroborated or is it just a dodge website?
This is not a ripple forum. Title: Re: BitPay laid off nine employees yesterday. Post by: cisahasa on January 13, 2015, 10:47:01 PM Has this source been corroborated or is it just a dodge website? no, but people should be informed scams like ripple or peercoinThis is not a ripple forum. Title: Re: BitPay laid off nine employees yesterday. Post by: Melbustus on January 13, 2015, 10:53:15 PM Startups have to lay people off sometimes.
Anyone remember tech in 2001? Here's Amazon laying off 1300 people in early 2001: http://www.wsj.com/articles/SB980992420989222933 Fingers crossed that online-retailing survives! Title: Re: BitPay laid off nine employees yesterday. Post by: Eamorr on January 13, 2015, 11:03:13 PM Has this source been corroborated or is it just a dodge website? no, but people should be informed scams like ripple or peercoinThis is not a ripple forum. Ripple is a scam? Ripple Labs have been very active for many months now and have written millions of lines of high quality code (https://github.com/ripple). They also have quite a few high profile investors (e.g. Google Ventures) on board (see: https://www.ripplelabs.com/investors/) Whatever about taking on Bitcoin; creating the lingua Franca for currency is a huge undertaking. Calling this demonstrable effort a "scam" just shows how little you know. For people like you, Bitcoin is a religion. |