http://www.coindesk.com/does-google-wallets-slow-adoption-bode-badly-for-bitcoin/In May, Google announced to its merchant partners that it would be retiring Checkout. Google Checkout was designed as a platform for online payments, but as a competitor to PayPal it wasn’t getting enough traction. The company’s plan is to merge Checkout into Google Wallet. The idea always has been for Wallet to be – via Android – a replacement, well, for your physical wallet. Credit cards have become so ubiquitous, it is hard to get people to change a habit. Particularly if they don't see an immediate benefit but do see an immediate hassle to setting it up. |
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Bloomberg is also flashing Bitcoin signs on its show bumpers (the time between shows) Its like getting free advertising.
Looks like they are increasingly supportive.
Is it price quotes? if Bloomberg starts running BTC/USD exchange rates as part of their on screen ticker that is noteworthy. |
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DATE NEED FIXING!
What needs fixing about it? |
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The WSJ article is behind a paywall, the video link works, he's right that the genie is out of the bottle, whether BTC is Napster or BitTorrent in terms of longevity is to be seen.
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It will take a long time before people get fed up with it, but this revelation should be long-term beneficial to services like TorMail or any other anonymous e-mail/web browsing service. VPNs should also see increased customers.
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Another possibility is the threat of confiscation/restriction leads to even greater levels of buying now, like what happens with guns/ammo in the US anytime a member of the gov't mentions prohibiting sales.
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It looks like none of this addresses the risk of eBay chargebacks. The total profit across many transactions would be wiped out if 1 buyer decides to back out/cry fraud. Am I missing something?
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That would only be true in United States based McDonald's, if McD in Germany accepted BTC they would not price it in USD. Also if McD's suppliers accepted BTC as well there would be no reason to convert at all. There are lots of different possibilities.
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Selling on eBay is asking to be ripped off. One of the main benefits of BTC is the finality of payments, to sell it through eBay completely removes that benefit.
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My banker brother could not understand it last month.
Many of those in that sector are too closed minded to see the true picture.
A generation of intelligent people lost to banking but unable to think creatively.
Their minds and talents should be creating true value in other industries.
The money was too much to dissuade smart individuals from going into banking. Thankfully the number of jobs are declining and all the people finally freed from the grip of finance employment can put their talents to better uses. |
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Wrong topic title!! Should be "Meet the world's first Bitcoin baby"!!
Ermm, nope maybe you should read the article. Dr. C. Terence Lee, a fertility specialist based in Brea, Calif., flashes a photo of a beaming infant across a projection screen and announces: "This baby was bought with bitcoins."
No, this isn't a black-market deal brokered in the Internet's shadowy corners. The child was born thanks to a frozen embryo transfer cycle paid for with bitcoins. Lee says it's the first time he's aware of that anyone has paid for fertility treatments that way. yeah, the article title is "Meet the world's first Bitcoin baby" Whatever the title should be this article is classic CNN click bait, little of substance, just using the bitcoin name to garner attention I am ok with that, any news at this point is good news. Sadly you're probably right, CNN still has more reach than the quality of its reporting deserves. |
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http://www.guardian.co.uk/world/2013/jun/09/nsa-whistleblower-edward-snowden-whyQ: Why did you decide to become a whistleblower?
A: "The NSA has built an infrastructure that allows it to intercept almost everything. With this capability, the vast majority of human communications are automatically ingested without targeting. If I wanted to see your emails or your wife's phone, all I have to do is use intercepts. I can get your emails, passwords, phone records, credit cards.
"I don't want to live in a society that does these sort of things … I do not want to live in a world where everything I do and say is recorded. That is not something I am willing to support or live under."
Q: Is it possible to put security in place to protect against state surveillance?
A: "You are not even aware of what is possible. The extent of their capabilities is horrifying. We can plant bugs in machines. Once you go on the network, I can identify your machine. You will never be safe whatever protections you put in place."
Face it. Bitcoin is already compromised. The NSA has endless resources to crack the cryptography of all communications on the planet. Do you really think they would just let people encrypt their communications freely by putting absolutely secure hash functions in the wild? I will say it one last time: Bitcoin is a ticking time bomb. It is going to blow up any day now. Feel free to hold it for awhile but don't be the last guy holding it. Please stop. It was entertaining the first time. If you're a troll, you're a rather good one. Besides trolling, I don't understand what your goal could be, such statements can only lead to the the single conclusion that their author is stupid. Is that what you're trying to make clear? Honest question, no sarcasm nor offense intended. Face it. Bitcoin is already compromised. The NSA has endless resources to crack the cryptography of all communications on the planet This is 1.physically impossible, and therefore, 2.stupid Do you really think they would just let people encrypt their communications freely by putting absolutely secure hash functions in the wild? An hash function is not a cypher. Trolling in bitcoin forums is pretty funny, there is no current mechanism for short selling bitcoins, so unless the poster just wants to trash BTC for the hell of it another possibility could be trying to drive it lower to buy in more for themselves. Either way it's pretty funny to observe. |
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Wrong topic title!! Should be "Meet the world's first Bitcoin baby"!!
Ermm, nope maybe you should read the article. Dr. C. Terence Lee, a fertility specialist based in Brea, Calif., flashes a photo of a beaming infant across a projection screen and announces: "This baby was bought with bitcoins."
No, this isn't a black-market deal brokered in the Internet's shadowy corners. The child was born thanks to a frozen embryo transfer cycle paid for with bitcoins. Lee says it's the first time he's aware of that anyone has paid for fertility treatments that way. yeah, the article title is "Meet the world's first Bitcoin baby" Whatever the title should be this article is classic CNN click bait, little of substance, just using the bitcoin name to garner attention |
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http://forexmagnates.com/compliance-through-alliance-btc-global-introduces-crowdsourced-bitcoin-regulation/Seeing the landscape change, today’s bitcoin startups are beginning to take regulations and banking relationships more seriously, and viewing them as a necessary annoyance. However, while firms are taking more precaution, it comes at a cost. Explaining the difficulties, Steven Morrel, Co-Founder and CPO at BTC Global expressed to Forex Magnates that to really make sure you are covering yourself in terms of regulation, firms needs be registered in each country or state they do business in. As such, Morrel added that this means “employing lawyers and paying for fees in each state or country. It’s a huge difficulty for startups.” This article strikes me as very U.S. centric and may be a great example of the future of bitcoin innovation being in other countries. |
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Yeah they are new paypal 1% of all transactions. They couldn't afford any shady exposure. If they made an exchange it would be conflict of interest.
But what pisses me off is why the hell do these companies get investors when they don't need it? They dilute their own interest. They don't need capital at all.
Connections can mean a lot more than capital. Raising money from Peter Thiel in the payment processing space carries a certain cache with it. Also as Tony Gallippi pointed out they hadn't yet run through their last round of funding, but they were going to have to raise some more along the way to being able to bootstrap the rest of their growth. |
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Interesting. Why do you think they're going to fall? (Don't worry about dissuading PUT-sellers, the discussion would attract more!  ) I've done some statistics with the rate of difficulty increase and the anticipated hashrate increase. They're overvalued. (I DON'T think they're gonna fail, but I think the odds of being below 1.7 BTC before September are worth up to a 0.1 BTC premium.) Such an option is worth about .25 BTC actually. I'd write you a few at that price at the lowest. It's worth .25 BTC based on what? That may be a reasonable number but you need to provide some backing not just your opinion stated as if it's fact. Based on black scholes... with 45 day implied volatility of the stock + estimate of .017ish average div. Thank you for citing a source, we can debate the usefulness of Black-Scholes separately (implied vs realized volatility for instance) but I appreciate you offering some stat backing |
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