Bitcoin Forum

https://www.youtube.com/watch?v=1dF9t_xQGks

Anyone else see this one during Super Bowl 50?

I'm sick of all these fiat payment processors... same old system, same old corruption, and same old restrictions.

Bitcoin is New Money. PayPal/Android Pay/Samsung Pay/Apple Pay is Old Money with a fancy new pair of shoes.

 >:(

Yes bitcoin is best but we shouldn't reject other outright.Others can do besides bitcoin

let them waste their money on that crap. bitcoin still needs to grow before its primed for mainstream.

its not like bitcoin is just a wallet service. its a whole new economy. so let bitcoin grow and then advertise it like a whole new country, rather than just an app

Nice commercial. Of course Paypal needs to back this up with better service and lower fees. Because there's a new game in town and it's not anything that's basically built on top of the existing banking system. Sabreok is right that Bitcoin needs to focus on growth, but at least we pulled out of football when the (presumably less expensive) Bitcoin Bowl sorta imploded.

so they are trying to compete with Bitcoin?
That doesn't make sense. It is obvious that bitcoin is far better and PayPal's money could never replace the crypto niche

I haven't been around in awhile, but I am curious as to why people say PayPal charges for transactions.

Is there somewhere that states this? Or Google Wallet for that matter? I have used both a bunch of times in the past year and have no fees. Google Wallet transfers within seconds in my experience.

Bitcoin certainly has its place doing other things, blockchain, yada yada. But I really don't see how an average person can get behind it. I am a little above an average person(background in computer programming and degree in Information Systems) when it comes to things of this nature and I still don't use it for anything.

As of lately there are so many no-fee credit cards that benefit me more than BTC ever has while I was using it. 6% off of groceries at a supermarket(Amex card). 3% back on gas(Amex card). Or getting a new CC like something that gives rewards for flying/hotels. Getting the new card from Hilton gives 50,000 points(spend 750 bucks on their cc within 3 months, so easy to do). 50,000 points = a free stay at their tier level 5 hotels(a hotel thats like 300 bucks+ a night), or 10 stays at a normal hotel that's like 80 a night.


Is there something hidden I haven't discovered that BTC can do that rewards me THAT much? I have seen some promo offers for buying with BTC and getting a discount, but getting into BTC has a fee to start with and that usually washes out the savings.

funding a google wallet (from wire transfer or debit/credit card) is 3%, but transfer between wallets is free (something blockstream are ignorant of and will criple bitcoin if they keep allowing tx fee to rise)

paypal is 3% if funding using debit/credit card but 0% if wire transfer.. and free to send within paypal accounts again bitcoin is losing is desirability by having fee's

the 2009-2013 proposal of bitcoin was way better than paypal or google at the time. but since things swaped over to core(blockstream) its not been the same. the whole dynamic changed and what use to be important got sidelined and what was the bad side of bitcoin became the direction blockstream wants to take bitcoin


nope, blockstream has lost grip of reality and has their own corporate agenda. the only thing that remains now is the hoard for price rise, long term  deflationary nature of bitcoin. lets hope blockstream doesnt intend to mess with that too

this never played on superbowl 50

Bitcoin isnot centralized so there is no any body or company which will promote bitcoin however paypal is lossing lots of their users. Paypal is like hell with their fee structure and restriction. Slow and steady wins the race, so bitcoin will replace all this centralized fiat digital processor within few years.

I saw it and was like "screw paypal"...  The halftime show was pretty good though. Glad peyton won his likely last game.

Lol doubt anyone is going to sign up for Paypal.... Once they see Bitcoin they'll all be amazed and attracted to us :P

And yeah let PP waste their money!

I think the commercial itself is fairly decent. In some ways PayPal is an improvement on the legacy systems. But I agree Bitcoin has much more possibility of actually being revolutionary.

Most of us say that PayPal is wasting its money on this, but it will help them attract plenty of new custommers. It's quite funny that PayPal is saying they are new money, lol. It's still the same old crappy fiat system but with a new jacket on. That's all.

Its been already posted by someone. Still it seems to be a good commercial ad for their future plans. This can highly increase there achievements as people will be looking forward about the new money

Yeah Paypal is a good idea but not nearly half as innovative as bitcoin is!

Don't worry, it will fail as hard as the rest of the fiat economy one day!

People tend to forget that, bitcoin still need to improved things if we want to use it for mainstream, i hope that core bring us some good solutions for all.

Maybe paypal plan to start accepting bitcoin for his services around the world in the next months... who know?

Paypal: high fees, single management team, large promotion budget.

BTC: low fees, no clear management, no promotion budget.

So Paypal can afford expensive advertisements while BTC can't. I'm afraid Paypal will keep on growing faster than BTC, even its system is vastly inferior and more expensive. Makes me sad.

Awesome! I was hoping someone would do a remake.

(I'll admit, PayPal's commercial style was really good.)

I didn't think PreyPal was actually money. I thought it was a transfer service that took 6 months for the deal to finalise (because of the risk of chargebacks). There seems to be a series of these ads, and none of them say anything new, apart from the fact that you can use your mobile. It took them a while to catch up on that. I've been able to use payM on my feral account for a while now.

PeyPal is not exactly money but it's a bank, an online bank.

It's a very good system in the midle of bitcoin and fiat.
I feel that paypal is a bit the first step to get to totally decentralized currency like bitcoin.

I really don't mind their advertisement, but I also liked how several videos were made to replace 'Paypal' in the video with 'Bitcoin'. Honestly speaking Paypal isn't considered money or a virtual currency. It's just where we get to link our credit cards or banks and be able to use it as a medium of exchange as a payment processor.

...

I don't have any problem at all with PayPal advertising as they choose.

What will be of much more interest will be if Bitcoin gains market share at PayPal's expense (likely IMO).  In general, the best products win in free market competition.  What I like about BTC (vs. PayPal) is independence and decentralization.

To many here, they didn't replace Bitcoin with any name because Bitcoin doesn't exists in the minds of the average Joe. They will gladly use Paypal because they use email and CCs and it's very easy. I myself have used Paypal for more than 10 years without any problems.

We as bitcoiners must face what we really want for Bitcoin, to be eGold or something like that, or to actually be adopted by the mainstream as a method of payment. If you are on this last side well my friend I think that battle is already lost. No common person will adopt Bitcoin, it's a complete hassle both in terms of usability and from a logical point of view.

Do you think some Bitcoin company will advertise its service on next Super Bowl? I heard this costs like $2 million a minute to have a spot  :o

Well if Xapo which provide a pretty good service didn't quite make Bitcoin work the way Paypal does or couldn't create a decent percentage of adoption from the mainstream then it's clear that Bitcoin doesn't really work for transactions. Regular people can't really be bothered by decimals, wallets, address as long as lines of code, no refunds, authorization keys, etc.

PayPal follows rules and regulations and hence they charge for the same while BTC is not controlled by anything which makes it useful for us and risky as well. PayPal has already achieved much more than what it expected but BTC miners here aren't able to earn a lot for their work which is why it doesn't get promoted widely.

yeah but we will not bring them down by telling people how bad they are, we as a community need to show people how good the alternatives are, for example bitcoin..... ;D

Exactly how does one opt to sign up for and use a third-party payment processor sans viewing their fee schedule once?

The commercial is kinda dumb. They should have mentioned how many paypal accounts are hacked, and how chargebacks can screw you over (but that would be bad adverting)

The super bowl has been too glorified for me. I haven't watched it. Why would PayPal need more advertising by the way? It's like advertising the US dollar. They don't need to advertise it anymore, because everyone knows of it already.

you may all be missing the point

paypal is interested in BTC
dont forget they got Wences Casares on board

unless they plan to make PPcoin

dont forget about tax with crypto,
imagine if you shop online, and PP simply converts to crypto before paying seller
sellers can remove VAT from selling price
and buyers would never even know they are buying crypto/btc
it would all be seemless

PP will also save on tax, if it moves all funds around as crypto,
exhanging to fiat only when in their chosen low tax haven, if they even need to.

crypto for PP has big potential
but whether they would adopt BTC (which would be the smarter option)
or create their own and compete head on with BTC is anyone guess

The day paypal incorporates bitcoin, will be one massive leap for bitcoin

Why does Coca Cola advertise so much every year if everyone knows the drink? There is no useless advertising & it just makes you want their products more.

Kids, they need to drill it in good

As far as I know and have read, american high schools and schools are full with beverage machines by Coca Cola or Pepsi.
http://www.motherjones.com/tom-philpott/2012/08/schools-limit-campus-junk-food-have-lower-obesity-rates (http://www.motherjones.com/tom-philpott/2012/08/schools-limit-campus-junk-food-have-lower-obesity-rates)

So I question myself for what reason the constant commercials on Super Bowl by those companies.

I used to think Paypal was interested in Bitcoin because of the signing of Wences Casares but I don't think anyone is interested in Bitcoin itself anymore, it's just a joke for all companies and businessmen. All they care is the blockchain that's why Ethereum is soaring right now and if the uptrend continues during this year (people getting out of Bitcoin) then it could definitely be in trouble.

Absolutely... Bitcoin is no where near where it needs to be to be considered for the prime time spot in finance.  Bitcoin is in the midst of a civil war right now with block sizes which, honestly, is a headache for me to read about all the time... Couldn't imagine being someone just getting into this and trying to understand all the jibberish coming from people on here and /r/bitcoin.

But let's take a step back from all of that.  Bitcoin is essentially trying to revolutionize how the monetary system works, which is absolutely HUGE! There hasn't been a real dramatic change to the monetary system ever since the Fed/government decided to discontinue the gold standard for all fiat around in the 70's.  As you can see, inflation is going nuts ever since that change to how things worked.

People don't necessarily care any more, or just can't comprehend the importance of having a finite currency.  Bitcoin is trying to digitalize the gold standard, by being the digital gold... that's a pretty big deal, and we are only 7 years in.  So we have to expect that there will be stuff to work out in the early stages; not just shove it down the publics throat that doesn't really care about it now, when the currency is still technically "under development".

Great commercial!! Too bad BTC seems to be run by a bunch of neckbearded anarcho-hippies, I can't imagine something as good as this commercial being created any time soon in this community.

Also very smart to rebrand themselves as 'money', while they are only a payment provider. They're doing what the BTC community is not doing, looking at what works well elswhere. What they are using is that in crypto, ppl love to gloat about how much better their crypto is then dirty old fiat. And then using that for their own glory. Good thinking. The BTC community could try and copy what is good about Paypal (there surely is a reason why millions of people use it) instead of trying to ridicule it, but I guess that's not the neckbeard anarcho-hippie thing to do.

The reason I do not have a PayPal account is not because I'm a hippie(I'm not), It's because PP is expensive, unsafe to use, and a stupid idea. It's a suckers service. I send thousands of dollars around the world for pennies. I NEVER use payment systems that tie my identity to my money. If you knew more about money I suspect you would understand this also.

You sure sound like a hippie tho, with this "I don't want to tie my identity to my money" BS. Good luck with that in life.

I do understand that Paypal is not the best option for ordering coke on the Outlaw market. That's what BTC is for. For everything else, Paypal is free (for me as a consumer), convenient and very safe. Been using it for years and years, never a problem. In fact, purchases are insured. I don't have to worry about malevolent sellers or failing postal services. Much safer then BTC.

But then again, that's logical, because Paypal is a payment provider. They live off of providing services making payment easier and more safe. They're not money. But as you know so much about money, I guess you had already figured that, right?

Edit: sorry for being impolite. Worked too hard and slept too little.

Depends on how you obtain those bitcoins you are sending across the world for pennies... If you have to buy them, like a lot of people have to do (whether that's because of lack of knowledge or lack of funds to start mining) then your identity is in fact tied to your new money... You have to pay through your bank, which has all the info in the world about you and your identity.  If some clever person where to really want to get your identity if he/she realizes that you paid for your bitcoins, then theoretically it could be done.

It's impossible to not have your identity tied to your Bitcoin if you buy them, maybe unless you want to go and meet in person the guy selling you the Bitcoin, but that's too annoying, and also there are cameras everywhere. If you want real anonymity you need to work for your Bitcoin, and get paid on it in a job that doesn't require you to share identity, for example sig campaigns, but too bad it pays too little, so im talking more productive jobs.

And even then, you are limited to small purchases, if you want to buy anything irrelevant you need to get your stuff taxed, cause you can't buy a car or a house and pretend that you are going to be OK if the goverment doesn't know that you own said properties, so it's pretty pointless unless you want to buy smaller stuff.

I am on my third debit card in 12 months. And that is despite the fact that I do not use it online. With bitcoin I have never lost a penny and I can buy what I want. I don't need a nanny to Shepard me through a purchase, harvesting my data and money along the way. Best of all, 12 months ago my BTC were worth about $240 each.

You say you don't have to pay? Where did you get that Idea? They are a business and of course you will pay. For example I recently bought a gun from here: http://shop.centraltexasgunworks.com/
Because I pay in cash (bitcoin is cash) I receive a 3% discount. That 3% in credit card fees must be passed on to the customer as businesses are not a charity operation.
Last year I was buying a lot of gold and once again saved hundreds of dollars. They are out of big bars right now, but look at how to save $38 per oz.
https://www.amagimetals.com/gold/bars/gold-elemetal-bar

You may find people who agree with you about PP and MC/Visa. But It ain't gona be me. I have done very well with bitcoin and have saved thousands of dollars in fees and gained a great deal of wealth. As someone who has owned businesses for over 25 years I am quite certain it is the right choice for me.

I am not concerned about a crook stealing my identity, it's my money that an identity thief wants. I once gave out my Overstock password and login. People were free to see what I had bought and what was in my basket, but without any credit card info they could not steal from me. Can I see your Amazon account? Also, if I wanted to I could pay in a way that no one would ever be able to link to me.

I don't know if I read this correctly... but you wouldn't mind if a crook stole your identity?? Really?  I value my privacy, and that doesn't mean that I'm doing anything bad or illegal... it's just that my business is my business...

I don't have an Amazon account, and even if I did I would never give it out to anyone. I guess it's just more of a philosophical aspect of thinking, rather than rational.

Also, I saw that you posted a link to amagi metals... I thought there was some sort of scam associated with them?  I was looking at buying some silver and gold, but was looking at other websites.  What's your take on their website?

What in the name are you all babbling about? I respect my privacy? Tying identity to money? You should tie your identity to money, you should be responsible, even more if you are running a business. All you anarcho fatsos will end up in jail once any government loses its patience and declare Bitcoin illegal. Dear god, I now understand why Bitcoin will never shake its bad image.

Privacy is an illusion, for Bitcoin to achieve what you want first you need to overthrown your government, is that simple. No privacy is need in terms of payments except the obvious ones, banks balances, etc, that's why I've never have a problem with Paypal, Credit Cards or Banks. I pay my taxes and I don't have anything to hide, that's the bottomline. No bank ever robbed me one single cent, if you guys got a loan at a ridiculous rate then you are the ones to blame.

Bitcoin's potential and disruptive concept (mostly the blockchain) is another theme altogether and we can agree on that but trying to maintain privacy by sending money has only one purpose, illegal stuff, and that's all fine but don't expect to Bitcoin and other bullshit coins like that get adopted anytime soon. Nobody wants to get scammed and I personally prefer to conduct business with real people not masks. Paypal and Credit Cards offer refunds, just letting you know that.

lol... yeah, you are right about the times we live in.  Privacy is most definitely an illusion, and people don't really care.  And I am in no way shape or form some anarchist or believe we should just free for all it.  But think about it, if you want bitcoin to become the next "payment system" then your boss will pay you in bitcoin.  Then he could essentially track where you spend that money at all times... is that right? Well I guess you can decide that for yourself.  But I would rather have my money private and between the people I do business with.

If you want to learn more about how I personally feel (which you probably don't, because you are so content with 'I'm not doing anything wrong' mindset) then you can watch this.

https://www.ted.com/talks/glenn_greenwald_why_privacy_matters?language=en

Everyone should value their own personal space and privacy... I think that this goes into finances too. (at least for me)

I do value my privacy, it should be protected but it's not on your control. What do you want? to overthrown your government then? They have infinite data, any government, they track you down if you don't pay taxes for example. You are audited if you run a business. Bitcoin is a pipe dream and I don't understand how it's not have been banned yet, perhaps because they don't want to create a bigger problem, but I'm sure they at least considered doing so. And like I said, Paypal, CCs, Banks never revealed my identity as far as I know, at least not worst than the government which actual "owns" me. I can ask for support to them if some scammer runs with my money. Too much privacy leaves you completely vulnerable to the dangers of this world, one cannot make it alone.

I swear people in this forum seems so naive that half of them must be teens. I'm not talking about you though but it's increible the blind replies from Bitcoin's "fanboys". And I repeat I'm not bashing BTC, we are all part of this community one way or another and what Bitcoin actually needs is criticism from us to grow. We all know what outsiders think about it and it's ugly.

Identity theft is about money not identity. The point of spoofing an identity is almost always about getting credit in that name. I'll tell anyone my identity, but I will not give out everything that is needed to steal my money. Which is exactly what you do when you buy something on the internet with a credit card or PP.
If you did have an Amazon account and I wanted your money then I would just target that website, or any website you use. That gives me many targets and many systems each with vulnerabilities. I know you would not give your credentials away, you can't. But I CAN give mine away because there is no Name + card number + exp. date + secret  ::) CVV number.

As someone who "values their privacy" it's weird that you go around giving out this information to people you don't even know. The website employees, the payment processor and their employees, anyone who breaks into that site... Hell, the Chinese government may have a copy of your card. 

I have had good luck with them. They have at times been a little slow.
They are now under new management and a couple of months ago I bought an Oz. to see how they operate. It shipped right away and I have no complaints.
I don't remember a scam, but their initial slowness probably bothered a lot of people. 

If you ask me, PayPal is more scammy then BTC anyway. Just ask how many people here will accept PayPal payments for their BTC. I send you BTC and that's it, you send me PayPal and bam, you complain to PP of fraud and now you have both my BTC and your Paypal money.

This isn't limited to just BTC transactions either, just try selling on something on eBay and if the buyer complains it is almost always reversed to them. This is a one way street for the most part. I am not saying buyers can't be scammed by sellers as well, but I wouldn't consider thinking of accepting PayPal as my only payment source, and certainly not as new money. Just another form of Visa/MasterCard for the most part, complete with the 3% transaction fees.