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Brilliant interview. One of the best ever.
It's getting plenty of views on IBM/banking now that it's up on that channel too.
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Yes, a very insightful interview. He understands bitcoin 100% and understands how transformational it is. Saw this one a while ago on finextra, but this time it's been published by http://www.ibm.com/banking <- very significant |
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"Ripple: A Distributed Exchange for Bitcoin" Except it isn't. If it was, and there was any liquidity to speak of it could serve a useful purpose for arbitrage, etc. IMHO Ripple's only chance of success is getting bitcoin exchanges to become Ripple gateways. Bitstamp was a good start, but that's just one. |
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I don't see how or why ebay would do this. They have Paypal. This is shooting themselves in the foot.
Why?
1. They get to add their 2.9% transaction fee, exorbitant currency exchange fees, and "buyer protection" layer to bitcoin transactions.
2. They will then "allow" Ebay sellers to accept bitcoin - but only through Paypal. Just like they no longer allow money-orders or western union.
3. This will seriously undermine competitor startups like Bitpay, Coinbase, Ripple, etc. because Paypal will be offering the same services to a much larger user base (albeit with higher fees). |
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Your third line already indicates you know you are committing fraud.
*'(they work in highly corrupted country and skipping bank transfer will let them save a lot).'
I'm asking Chinese people on this forum to post any links to relevant resources (preferably in official Chinese media), which prove the legitimacy of such business scheme.
see *
There is a completely LEGAL way to avoid bank fees, and to save up to 15% on the cost of doing LEGAL business..
P.S There is not much down for any business man who takes his advice from someone who gets 'ideas' from forums…
Many Chinese companies are already accepting bitcoin and exchanging them on BTCchina, etc. There's nothing illegal or suspect about that. They may need to invoice in dollars, etc., but bitcoin payments to China to settle invoices in other currencies is nothing new. Accounting is just like any other forex exchange. |
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I've got $250 that says it isn't.
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Somewhere out there, a garden is missing its troll.
Gnomes, gardens have gnomes. True, but I was picturing something far less cute, more like "chucky" clutching a dollar bill. |
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BTC looks like it's dropped almost $20 in the past hour. If I had to guess it's related to a lot of folks seeing slowdowns in the chain out of nowhere, and some blocks seemingly disappearing.
I don't believe there's an issue, but I'm betting it's got some on edge.
it only takes 150BTC $30k to drop the price by $10 which i can see happening every month since april. but then everyone else see's this $10 drop and suddenly it turns into a $20,$20,$40, $50 drop based on panic. if everyone realised that a $10 drop was expected to happen during the first week of each month, there would be no panic and no need for such a massive upto $50 drop for no reason. Just look at it as an excellent buying opportunity, much more predictable than wall street. A few well placed trades, just during the past few hours would have netted 10%+ on MtGox. |
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Somewhere out there, a garden is missing its troll.
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very few people seem truly committed to Bitcoin as a currency You're a silly little man who intentionally doesn't consider all the facts. You've cherry picked negative aspects and ignored the rest. That makes everything you just said pointless. How people do this will always confound me. You'd think a person speaking would want their words to hold some water. Yet they speak while knowingly ignoring facts which disprove their words. Human beings are sad... The opportunists who are trying to make money off Bitcoin right now are the very organizations which will thrust Bitcoin into the mainstream. Greed is necessary to get Bitcoin out of the nerd circles and onto the main stage. Greed doesn't always mean failure. This is another reason why your viewpoint on reality is lacking. Once those seeking to make money off mining hardware, merchant services, ATM's, etc have done their work, it will be at that point which those who will appreciate its positive aspects, can be used by billions of humans on earth. There are over 6 billion people who don't have bank accounts. And now they will. For free. Anyone who poo poo's this is foolish. Many of those same people don't have access to The Internet Computers Electricity Food Water Shelter Not really seeing what advantages accrue to people in those circumstances by using Bitcoin. Well you may soon be in for a big surprise. Bitcoin will change everything in exactly those markets. (and if $250+ is "really in trouble" ... bring on more trouble please) |
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Too bad - it was looking like all this 'bitcoin is broken' FUD might provide a final buying opportunity under $250. Not to be. The Chinese are clearly not falling for this nonsense.  |
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Troll educational post:
1. This thread is titled "Ebay again talking about Bitcoin" because Ebay is talking about Bitcoin again. Note that it is not titled "Bitcoin again talking about Ebay"
2. There's no way Paypal will ever issue their own "cryptocurrency", there's simply no reason to. Paypal is already it's own virtual currency. Until you cash out, your funds are only entries on Paypal's ledger. They would gladly just ignore bitcoin if they thought they could.
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Paypal has been hinting that they may add xbt to their list of currencies in the future (they already allow users to hold funds in a large number of different currencies and exchange between them).
Paypal would instantly become the largest bitcoin wallet, bank, merchant service and exchange in the world by several orders of magnitude with 200+ million users in almost 200 countries.
Paypal, if even alive at this time, will crawl and beg for bitcoin users to consider them as a possible gateway. Bitcoin users will then decide if paypal must live or die. And it will die. I'd like to believe that could happen, but there's just too much smart money behind paypal/ebay for that to ever play out. I suspect we may see something sooner rather than later, and if it does happen, all bets are off regarding btc/usd rates. |
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It's becoming obvious that Paypal will just add btc as yet another currency. They've hinted at this for months now.
Why?
1. They get to add their 2.9% transaction fee, exorbitant currency exchange fees, and "buyer protection" layer to bitcoin transactions.
2. They will then "allow" Ebay sellers to accept bitcoin - but only through Paypal. Just like they no longer allow money-orders or western union.
3. This will seriously undermine competitor startups like Bitpay, Coinbase, Ripple, etc. because Paypal will be offering the same services to a much larger user base (albeit with higher fees).
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Paypal has been hinting that they may add xbt to their list of currencies in the future (they already allow users to hold funds in a large number of different currencies and exchange between them).
Paypal would instantly become the largest bitcoin wallet, bank, merchant service and exchange in the world by several orders of magnitude with 200+ million users in almost 200 countries.
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C'mon let's not rain on robocoin's parade by letting this thread denigrate into yet another ripple smackdown.  There is one very simple reason that any vc or marketing specialist will understand, why ripple can never succeed (at least in its current form): It has no elevator pitch. And probably can never have one due to its inherent complexity. Elevator pitches aren't for explaining the details. They are for grabbing someone's attention if you happen to get lucky and be in an elevator with them for 10 seconds. ... Yup. That's exactly why ripple can never succeed in its current form. No ripple employee (or fanboy) to date has been able to succinctly explain what it is. programmers != vcs |
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who cares? who needs? Apparently someone does - with almost $40,000 transacted in two days! |
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"Mr Donahoe said Ebay was not expanding the PayPal wallet to include Bitcoins, “but we are watching it”." Donahoe is Ebay's CEO.
... it will inevitably come to pass. It would be ridiculously easy for them to simply add xbt as yet another currency and they'd have the benefit of their exorbitant inter-currency exchange fees, 2.9% transaction fees, as well as adding a layer of chargeback-ability through their dispute resolution process. The only question is what's taking them so long? They've been hinting at this for months now, possibly to gauge public reaction? No doubt that coinbase, bitpay, etc are on their radar too. The implications will be significant. The user base is huge, but the benefit of lower merchant fees will be gone. |
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Deloitte is one of the major international accounting/tax consultancy firms along with Price Waterhouse etc
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