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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > 2012-12-18 SeekingAlpha.com - Do Bitcoins Pose A Threat To PayPal, Visa And Mas
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annette786 (OP)
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December 19, 2012, 04:04:20 AM
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Incredibly popular investing website in case you are not familiar with it.  

http://seekingalpha.com/article/1070891-do-bitcoins-pose-a-threat-to-paypal-visa-and-mastercard
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Whoever mines the block which ends up containing your transaction will get its fee.
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December 19, 2012, 04:13:53 AM
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And I think the answer to the "do BTC pose a threat to legacy systems?" question is...

...no. For now at least. In a few years' time, if cryptocurrency - especially bitcoin - is well matured and established technology, then definitely yes, I would foresee it at least partially replacing legacy fiat payment channels. And, in this scenario, BTC1 might trade above $100, probably $1000 even.
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December 19, 2012, 05:21:48 AM
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  A very good introduction for anyone. E-mail it to your friends with small businesses or a heathly dislike for the current financial system

     Grin
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