Bitcoin Forum

300 ? This should be good ? no ?

Get your ears checked

300 ? This should be good ? no ?

Huh, it really seems legit. This is incredible. And yet everyone's puzzled. Another dropping Monday and pow, freaking PayPal includes freaking Bitcoin. I'm puzzled to say the least. This is great, but... wow... Really?

where is that divest idiot now?

Youtube Transcript

0:00 we are the people who built a whole new place to live

0:03 treatment be we employ ourselves and well with our online

0:08 our phones are low we can spend it going with the tap

0:11 without a pocket we can buy sell and rent in

0:14 send unlimited money to a friend from a copy barn share

0:18 harmony har unstoppable with acecomm

0:22 just one test I just about anything no need for filling billing info

0:26 time after time or remember password rhymes get that dress

0:30 caton concert ticket leavin

0:33 on all devices and I have no money tree intended

0:36 many any details John not even when we play each other

0:41 we have magical money not downright banker bill

0:45 instance simple secure yet on the way

0:48 mysterious online the people icon

lol, +1, very typical kinda post you find around a bottom

Huh, it really seems legit. This is incredible. And yet everyone's puzzled. Another dropping Monday and pow, freaking PayPal includes freaking Bitcoin. I'm puzzled to say the least. This is great, but... wow... Really?

PayPal CEO on in less than 5 minutes: http://www.ustream.tv/TechCrunch

Well, I'd be careful... I wouldn't say he's an idiot or anything. He makes a pretty strong case, in my opinion. We don't freaking know, whether Bitcoin will be easy enough to use or whether people actually want to use it! I think it's safest to hedge according to your own level of willingness to risk losing your money.

Are you guys watching this!?

http://techcrunch.com/events/disrupt-sf-2014/live-video/

PayPal officially integrates Bitcoin.

"Paypal's first foray into Bitcoin... via the Braintree platform ... which is Paypal's primary development group" (paraphrased as best I can remember him saying)

"Paypal's first foray into Bitcoin... via the Braintree platform ... which is Paypal's primary development group" (paraphrased as best I can remember him saying)

He also stated this was because of demand they were hearing from their customers! I guess there is some interest in Bitcoin! :)

He also stated this was because of demand they were hearing from their customers! I guess there is some interest in Bitcoin! :)

This wont cause an immediate moon shot, but it will keep confidence high when new money does arrive such as after the ETFs.  All the new merchants announcing bitcoin integration via braintree will increase the general public's exposure to bitcoin and which will help build trust in the currency.  As we know merchant adoption has the fairly minor side-effect creating some downward pressure on the price, but overall this is a vital piece of the puzzle and very bullish news for 2015.

"We're definitely onto something big. The need PayPal answers is monumental. Everyone in the world needs money – to get paid, to trade, to live. Paper money is an ancient technology and an inconvenient means of payment. You can run out of it. It wears out. It can get lost or stolen. In the twenty-first century, people need a form of money that's more convenient and secure, something that can be accessed from anywhere with a PDA or an Internet connection. Of course, what we're calling 'convenient' for American users will be revolutionary for the developing world. Many of these countries' governments play fast and loose with their currencies," the former derivatives trader [referring to Thiel] noted, before continuing, "They use inflation and sometimes wholesale currency devaluations, like we saw in Russia and several Southeast Asian countries last year [referring to the 1998 Russian financial crisis and 1997 Asian financial crisis], to take wealth away from their citizens. Most of the ordinary people there never have an opportunity to open an offshore account or to get their hands on more than a few bills of a stable currency like U.S. dollars. Eventually PayPal will be able to change this. In the future, when we make our service available outside the U.S. and as Internet penetration continues to expand to all economic tiers of people, PayPal will give citizens worldwide more direct control over their currencies than they ever had before. It will be nearly impossible for corrupt governments to steal wealth from their people through their old means because if they try the people will switch to dollars or Pounds or Yen, in effect dumping the worthless local currency for something more secure."

Either Paypal et all are realizing that the only way to fight the ostracism of established payment processors is to say them a big fat 'fuck you bitches' (having merchants receive payments in a bitcoin address, whatever the input currency - and that will be awesome), or they are going to merely milk the bitcoin holders (and that will be disgusting).

Either Paypal et all are realizing that the only way to fight the ostracism of established payment processors is to say them a big fat 'fuck you bitches' (having merchants receive payments in a bitcoin address, whatever the input currency - and that will be awesome), or they are going to merely milk the bitcoin holders (and that will be disgusting).

300 ? This should be good ? no ?

The last thing we need is more good news! Here we go to $300.  :'(

so, that means Ebay is on the horizon ?

If ebay commits to this, it will be huge for btc. HUGE!

price will be manipulated down even further!   :D

PayPal is going to needa  chunk of bitcoin in order to provide this service as well.

No they won't.  If you actually look into it instead of prognosticating without information you would see that the only thing they are doing are allowing merchants who sign up with coinbase to integrate coinbase using the braintree API.  This will lead to more coinbase merchants, but Braintree/PayPal/Ebay is not taking any bitcoin risk at this point.

At this point, I probably know just as much as you do about it unless you'd like to prove me wrong.

Anyways, I'm talking long term.

Well, I've at least watched the announcement and read the blogs.

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin
https://www.braintreepayments.com/blog/goodbye-passwords-one-touch-hello-bitcoin


Like I said, prognosticating without information.

Hmmm, that's the same information I have.

What's wrong with prognosticating anyways?

What's wrong is you are stating it as fact without any evidence.  If you labelled it as prognostication or expressed that it was merely an opinion, I wouldn't have called you out.  You know I've defended you countless times, but lately you've mostly just been a cocky ass perma bull troll.  There's nothing wrong with being a perma bull, but you'll get a lot more out of all the time you spend here if you work on dropping the cocky ass troll bit.

What I said was no more speculative than 99.9% of what others have "prognosticated"  here in the Speculation Forum.  If you've depended on what I've said and lost money, I apologize for that.

This reminds me of the depths of 2011 when the price kept going down. People were all depressed and short tempered and I got alot of the same criticism you're venting on me right now.  That's Ok. I can take it. Perhaps instead of cocky ass troll, you might consider describing me as "repeatedly wrong"  on this down turn. That I could accept better and maybe what is what you really want to say.

Everybody's doing it.... great reason to avoid intellectual rigor ::).  And no, I haven't depended on what you say.  As a former subscriber, I know your bitcoin advice is worthless because it is always the same.  I said what I wanted to say, but you are free to interpret it however you want to in order to preserve your ego.  I just miss the old cypherdoc who was still trying to figure things out.  This new cyperdoc who thinks he knows everything is annoying.  But maybe I just put too much importance on maintaining "beginners mind" (http://en.wikipedia.org/wiki/Shoshin).

There is not much intellectual rigor one can apply to the PayPal situation. We all know the same information, which at this point is minimal. Any prognostications one might apply are based on one's assessment of human action and game theory looking forward into the future. Yes, I don't think in the long run PayPal has any intention of sticking with Coinbase if they find out accepting Bitcoin is a viable situation.  They have the ability and capacity to bring it all in house. Otherwise, they would be forfeiting loads top what is in essence a start up competitor.

BTW, I'm curious. As a sub of mine when the price was $2-4, did you take my worthless advice? A generally accepted strategy around here is to hodl. Have you and how is that such a bad thing to recommend in retrospect? Much of what I was doing on my newsletter, and what I've admitted all along,  was hand holding trying not to have subs dump on the way up at 10, 20, 30... Did you?

...trim...

now you're not being fair.  you aren't giving me credit for all those times you personally emailed asking this or that bear question.  and every time i told you to hodl and be patient.

you keep bringing up the 10 btc.  you think ppl like me give out free info during a time when i was running a newsletter business for profit?  do you think you were the only one?  i don't have one other sub who's been complaining like you who also subbed back during that time.  like i said, i fully admit that what i was doing was hand holding less experienced investors so they wouldn't cash out before the big move.  and that, in retrospect, turns out to have been extremely valuable advice, as my own acct can attest to.  and should yours, if you actually followed my advice.

and as for intellectual rigor, you know that my newsletter and now my gold thread is filled with all sorts of news article links, quotes, charts, graphs, statistics, references to the Fed charts, game theory, historical perspectives, contextual interpretation, etc, etc.  i don't see many others putting up data like that around here, do you?  These all are meant to support my bull case and put context to it.  my argument all along is that Bitcoin doesn't exist in a compartment, like many were arguing back in 2011. yes, my arguments must get tiring but fact of the matter is, i don't see anything has changed fundamentally.  and in fact, the contextual argument dynamically changes everyday, which is why i keep up what you call "trolling".  i call it realtime feedback from the real economy that helps keep focus.  at least for me.

sheesh.

and not a single one is a "bear question" or in any way indicates I am uncertain about bitcoin's potential.)

one other simple question and not an attempt to troll you.

if you were "certain" about Bitcoin's potential and it was your intent to "accumulate all along", why would you sub to a Bitcoin newsletter unless there was some doubt on your part?

Paypal + Ebay + Braintree = HOLD

Paypal + Ebay + Braintree = HOLD

If they decide to incorporate Bitcoin, Yes, Definitely! But they've merely now getting the groundwork ready to use Bitcoin. It is up to the strategic decision makers over there to decide whether Bitcoin is really useful for the regular customer, merchant, seller, etc. on those platforms. It will have to be integrated nicely, or it will fail before it even had the chance of becoming successful.