Bitcoin Forum
April 19, 2019, 07:32:07 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: [VIDEO] Expanding the Bitcoin Business Community  (Read 5644 times)
BitPay Business Solutions
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500


View Profile WWW
December 17, 2012, 06:01:20 PM
Last edit: December 17, 2012, 10:45:01 PM by BitPay Business Solutions
 #1

Here is a video of my presentation this weekend at the Bitcoin Summit in Philadelphia.

If you are looking for talking points and simplified examples to talk to businesses about bitcoin, you will really find value in this video.

http://www.youtube.com/watch?v=hH4rH6wu25U


EDIT: Sources for some of the material:

LexisNexis True Cost of Fraud

2011 http://lexisnexis.com/risk/downloads/whitepaper/tcf_2011.pdf
2009 http://www.lexisnexis.com/risk/newsevents/press-release.aspx?Id=1258571377346174
(search Google for other years)


Visa Data center with the moat

http://usatoday30.usatoday.com/tech/news/story/2012-03-25/visa-data-center/53774904/1


Apple storing 400,000,000 credit card numbers on file for iTunes users

http://bits.blogs.nytimes.com/2012/06/11/apples-stash-of-credit-card-numbers-is-its-secret-weapon/


Apple transmitting AppleID & passwords in clear text

http://www.zdnet.com/apple-tries-to-block-ios-in-app-purchase-hack-fails-7000000985/

Quote
Last but certainly not least, Cupertino is transmitting its customers' Apple IDs and passwords in clear text (Apple assumed it would only ever be communicating with its own server).

Global Payments leaks 1.5 million credit card numbers

http://money.cnn.com/2012/04/02/technology/global-payments-breach/index.htm

BitPay : The World Leader in Bitcoin Business Solutions

https://bitpay.com

Does your website accept bitcoins?
1555659127
Hero Member
*
Offline Offline

Posts: 1555659127

View Profile Personal Message (Offline)

Ignore
1555659127
Reply with quote  #2

1555659127
Report to moderator
1555659127
Hero Member
*
Offline Offline

Posts: 1555659127

View Profile Personal Message (Offline)

Ignore
1555659127
Reply with quote  #2

1555659127
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1555659127
Hero Member
*
Offline Offline

Posts: 1555659127

View Profile Personal Message (Offline)

Ignore
1555659127
Reply with quote  #2

1555659127
Report to moderator
Yankee (BitInstant)
Legendary
*
Offline Offline

Activity: 1078
Merit: 1000


Charlie 'Van Bitcoin' Shrem


View Profile WWW
December 17, 2012, 06:20:56 PM
Last edit: December 17, 2012, 06:51:27 PM by Yankee (BitInstant)
 #2

Watching now....

EDIT:

Done! Amazing!

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
hazek
Legendary
*
Offline Offline

Activity: 1078
Merit: 1001


View Profile
December 17, 2012, 06:30:21 PM
 #3

That right there is the best Bitcoin salesman I've seen so far. I tip my hat to you Tony, you rock.  Cool

Pay attention people to his presentation, that's how it's done if we want the general user base onboard.


(I'm going to sticky this thread, at least for a while, that's how good I think the presentation was.. if someone has a problem with that pm me please)

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
jgarzik
Legendary
*
Offline Offline

Activity: 1554
Merit: 1005


View Profile
December 17, 2012, 07:00:48 PM
 #4

Good stuff.  Shared to my social media streams.

Protip:  bitpay has a twitter feed... use it!  Smiley  This kind of thing should go out on twitter.


Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own.
Visit bloq.com / metronome.io
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
fancy_pants
Hero Member
*****
Offline Offline

Activity: 665
Merit: 501


quarkchain.io


View Profile WWW
December 18, 2012, 03:14:21 AM
 #5

From the video:
- Amazon pays about a billion dollars a year for payment processing (most of that cost would go away if they switch over to bitcoin).
- Amazon's annual profit is also a billion dollars.
- Amazon would double their profit if they could simply switch over to bitcoin.
- oh yeah, and no chargebacks.
jgarzik
Legendary
*
Offline Offline

Activity: 1554
Merit: 1005


View Profile
December 18, 2012, 03:59:07 AM
 #6

No-chargebacks is a selling point for merchants (admittedly the target of the video), but consumers love chargebacks.  And there are ultimately far more consumers than merchants.

Bitcoin can be better-than-cash for any merchant or consumer who already deals in cash, but that is just part of the bigger picture.


Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own.
Visit bloq.com / metronome.io
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
justusranvier
Legendary
*
Offline Offline

Activity: 1400
Merit: 1006



View Profile WWW
December 18, 2012, 04:32:35 AM
 #7

No-chargebacks is a selling point for merchants (admittedly the target of the video), but consumers love chargebacks.
They also love lower prices, and Bitcoin acceptance can potentially allow a merchant to share some of the savings in payment processing fees with his customers.
BitPay Business Solutions
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500


View Profile WWW
December 18, 2012, 05:14:35 AM
 #8

No-chargebacks is a selling point for merchants (admittedly the target of the video), but consumers love chargebacks.  And there are ultimately far more consumers than merchants.

Jeff there is a big difference between a cardholder filing a dispute with a merchant, a cardholder using the dispute process to execute a scam ("friendly fraud"), and a cardholder having their account compromised with unauthorized charges.

To the merchants, all 3 of those scenarios appear the same, in the form of a chargeback.  However the account numbers being compromised are by far the major contributor to the $100B payment fraud.  Friendly fraud is also on the rise as people have learned how to abuse the system to commit shoplifting.

Bitcoin would eliminate both the unauthorized access and the friendly fraud.

The legitimate disputes can be resolved by using an escrow transaction.



BitPay : The World Leader in Bitcoin Business Solutions

https://bitpay.com

Does your website accept bitcoins?
jgarzik
Legendary
*
Offline Offline

Activity: 1554
Merit: 1005


View Profile
December 18, 2012, 06:09:14 AM
Last edit: December 18, 2012, 07:44:11 PM by jgarzik
 #9

No-chargebacks is a selling point for merchants (admittedly the target of the video), but consumers love chargebacks.  And there are ultimately far more consumers than merchants.

Jeff there is a big difference between a cardholder filing a dispute with a merchant, a cardholder using the dispute process to execute a scam ("friendly fraud"), and a cardholder having their account compromised with unauthorized charges.

To the merchants, all 3 of those scenarios appear the same, in the form of a chargeback.  However the account numbers being compromised are by far the major contributor to the $100B payment fraud.  Friendly fraud is also on the rise as people have learned how to abuse the system to commit shoplifting.

The legitimate disputes can be resolved by using an escrow transaction.

No argument.  But again, that is purely the merchant's view.

Consumers, at least here in the US, have been trained by well known consumer advocates such as Consumer Reports, Clark Howard, NACA members and the local news "consumer beat" that credit card purchases, in particular, have a level of consumer insurance built into them.  Every 5-10 years, a new layer of consumer protection regulations are added or updated as well.

The hurdles at the consumer level are twofold, assuming a future world where bitcoins see 1000x consumer and merchant acceptance (hey, 1000x is easily realistic in a few short years, given how small we are right now):

1) Education.  "Use an escrow transaction" is a foreign language, an alien concept to Aunt Tillie.  It is not realistic for average consumer use, unless the software tools and legal system both evolve significantly from where they are today.

2) Rational economic actor choices.  The current credit card system provides significant economic and legal protections to the consumer, while hiding the costs by making the merchants bury merchant fees inside the item price.  Buying an item sans merchant fees is not likely sufficient economic incentive to abandon the legal protections currently available, for average consumers.

Now, please, don't misunderstand.  What BitPay is doing is great -- I retweeted and promoted the video.  And it is a necessary step in bitcoin's evolution.

In an optimistic forecast, one could see bitcoin taking over the majority of hard-cash-like transfers.  I imagine merchants would prefer bitcoin over having to deduce whether or not a $20 bill is counterfeit, even using the latest ink tests and scanners one sees deployed at Wal-Mart, Target, payday loan and pawn shop locations.

But the huge amount of built-in consumer protections -- and associated consumer advocacy at all levels -- is an unquestionable hurdle.

It seems more realistic that bitcoin credit cards will arise, as an optional, supplemental layer on top of the base currency:  credit cards, with standard protections consumers expect, denominated purely in bitcoins.  Much like credit cards are an optional, supplemental layer atop the US Dollar right now.

That would at least be a familiar system to current consumers.

Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own.
Visit bloq.com / metronome.io
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
minimalB
Donator
Hero Member
*
Offline Offline

Activity: 675
Merit: 500


View Profile
December 18, 2012, 07:34:15 AM
 #10

Excellent video! Tony, you are getting better and better! Thanks for sharing.
Grecoin
Member
**
Offline Offline

Activity: 63
Merit: 10



View Profile WWW
December 19, 2012, 11:08:05 AM
 #11

BitPay FTW!!  Cool
grantbdev
Sr. Member
****
Offline Offline

Activity: 292
Merit: 250



View Profile
December 20, 2012, 06:31:42 PM
 #12

Where is a link to the cartoon played in the beginning?

Don't use BIPS!
Largo
Member
**
Offline Offline

Activity: 112
Merit: 10



View Profile
December 20, 2012, 07:13:50 PM
 #13

From 1000 merchants in september to 2000 in december, not bad! Thanks for that update.
Anyone in mood for predictions on how many merchants it will be in june 2013? I say 5000 and still growing fast.

BitPay Business Solutions
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500


View Profile WWW
December 20, 2012, 07:21:07 PM
 #14

Where is a link to the cartoon played in the beginning?

http://screwbanks.net

BitPay : The World Leader in Bitcoin Business Solutions

https://bitpay.com

Does your website accept bitcoins?
prezbo
Sr. Member
****
Offline Offline

Activity: 430
Merit: 250


View Profile
December 20, 2012, 08:07:35 PM
 #15

This is absolutely the way bitcoin should be presented. Well done, Tony!
Steve
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000



View Profile WWW
December 21, 2012, 04:11:18 AM
 #16

It seems more realistic that bitcoin credit cards will arise, as an optional, supplemental layer on top of the base currency:  credit cards, with standard protections consumers expect, denominated purely in bitcoins.  Much like credit cards are an optional, supplemental layer atop the US Dollar right now.
Jeff...all your points are good ones.  I see Bitcoin as a great foundation.

(gasteve on IRC) Does your website accept cash? https://bitpay.com
Mike Hearn
Legendary
*
Offline Offline

Activity: 1526
Merit: 1008


View Profile
December 21, 2012, 01:30:10 PM
 #17

Fantastic talk Tony. BitPay is one of my favorite Bitcoin companies. It's an operation that inspires confidence. I hope that we can get 2-of-3 escrow infrastructure up and running next year so we have a complete answer to the chargeback question.
BitPay Business Solutions
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500


View Profile WWW
December 22, 2012, 03:44:16 PM
 #18

Thanks guys!

wow over 1000 views already on YouTube.  people are starting to be educated!

BitPay : The World Leader in Bitcoin Business Solutions

https://bitpay.com

Does your website accept bitcoins?
Phinnaeus Gage
Legendary
*
Offline Offline

Activity: 1596
Merit: 1031


Bitcoin: An Idea Worth Spending


View Profile WWW
December 22, 2012, 05:15:40 PM
 #19

One helluva presentation. Bravo!

bbit
Legendary
*
Offline Offline

Activity: 1330
Merit: 1000


Bitcoin


View Profile
December 22, 2012, 07:31:39 PM
 #20

Tony did an awesome job!


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄           
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █               
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




  CASINO  ●  DICE  ●  POKER   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!