PayPal's "New Money" Compaign - 2016 Super Bowl Commercial

[Laosai]

I didn't think PreyPal was actually money. I thought it was a transfer service that took 6 months for the deal to finalise (because of the risk of chargebacks). There seems to be a series of these ads, and none of them say anything new, apart from the fact that you can use your mobile. It took them a while to catch up on that. I've been able to use payM on my feral account for a while now.

PeyPal is not exactly money but it's a bank, an online bank.

It's a very good system in the midle of bitcoin and fiat.
I feel that paypal is a bit the first step to get to totally decentralized currency like bitcoin.

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[xdrpx]

I really don't mind their advertisement, but I also liked how several videos were made to replace 'Paypal' in the video with 'Bitcoin'. Honestly speaking Paypal isn't considered money or a virtual currency. It's just where we get to link our credit cards or banks and be able to use it as a medium of exchange as a payment processor.

[OROBTC]

...

I don't have any problem at all with PayPal advertising as they choose.

What will be of much more interest will be if Bitcoin gains market share at PayPal's expense (likely IMO).  In general, the best products win in free market competition.  What I like about BTC (vs. PayPal) is independence and decentralization.

[mtnsaa]

To many here, they didn't replace Bitcoin with any name because Bitcoin doesn't exists in the minds of the average Joe. They will gladly use Paypal because they use email and CCs and it's very easy. I myself have used Paypal for more than 10 years without any problems.

We as bitcoiners must face what we really want for Bitcoin, to be eGold or something like that, or to actually be adopted by the mainstream as a method of payment. If you are on this last side well my friend I think that battle is already lost. No common person will adopt Bitcoin, it's a complete hassle both in terms of usability and from a logical point of view.

[FlyingSaucer]

Do you think some Bitcoin company will advertise its service on next Super Bowl? I heard this costs like $2 million a minute to have a spot 

[mtnsaa]

Do you think some Bitcoin company will advertise its service on next Super Bowl? I heard this costs like $2 million a minute to have a spot 

Well if Xapo which provide a pretty good service didn't quite make Bitcoin work the way Paypal does or couldn't create a decent percentage of adoption from the mainstream then it's clear that Bitcoin doesn't really work for transactions. Regular people can't really be bothered by decimals, wallets, address as long as lines of code, no refunds, authorization keys, etc.

[prtty2gal2]

Paypal: high fees, single management team, large promotion budget.

BTC: low fees, no clear management, no promotion budget.

So Paypal can afford expensive advertisements while BTC can't. I'm afraid Paypal will keep on growing faster than BTC, even its system is vastly inferior and more expensive. Makes me sad.

PayPal follows rules and regulations and hence they charge for the same while BTC is not controlled by anything which makes it useful for us and risky as well. PayPal has already achieved much more than what it expected but BTC miners here aren't able to earn a lot for their work which is why it doesn't get promoted widely.

[calkob]

yeah but we will not bring them down by telling people how bad they are, we as a community need to show people how good the alternatives are, for example bitcoin.....

[Gleb Gamow]

https://www.youtube.com/watch?v=1dF9t_xQGks

Anyone else see this one during Super Bowl 50?

I'm sick of all these fiat payment processors... same old system, same old corruption, and same old restrictions.

Bitcoin is New Money. PayPal/Android Pay/Samsung Pay/Apple Pay is Old Money with a fancy new pair of shoes.

 

let them waste their money on that crap. bitcoin still needs to grow before its primed for mainstream.

its not like bitcoin is just a wallet service. its a whole new economy. so let bitcoin grow and then advertise it like a whole new country, rather than just an app

I haven't been around in awhile, but I am curious as to why people say PayPal charges for transactions.

Is there somewhere that states this? Or Google Wallet for that matter? I have used both a bunch of times in the past year and have no fees. Google Wallet transfers within seconds in my experience.

Bitcoin certainly has its place doing other things, blockchain, yada yada. But I really don't see how an average person can get behind it. I am a little above an average person(background in computer programming and degree in Information Systems) when it comes to things of this nature and I still don't use it for anything.

As of lately there are so many no-fee credit cards that benefit me more than BTC ever has while I was using it. 6% off of groceries at a supermarket(Amex card). 3% back on gas(Amex card). Or getting a new CC like something that gives rewards for flying/hotels. Getting the new card from Hilton gives 50,000 points(spend 750 bucks on their cc within 3 months, so easy to do). 50,000 points = a free stay at their tier level 5 hotels(a hotel thats like 300 bucks+ a night), or 10 stays at a normal hotel that's like 80 a night.


Is there something hidden I haven't discovered that BTC can do that rewards me THAT much? I have seen some promo offers for buying with BTC and getting a discount, but getting into BTC has a fee to start with and that usually washes out the savings.

Exactly how does one opt to sign up for and use a third-party payment processor sans viewing their fee schedule once?

[Tavos]

The commercial is kinda dumb. They should have mentioned how many paypal accounts are hacked, and how chargebacks can screw you over (but that would be bad adverting)

[PakistanHockeyfan]

The super bowl has been too glorified for me. I haven't watched it. Why would PayPal need more advertising by the way? It's like advertising the US dollar. They don't need to advertise it anymore, because everyone knows of it already.

[pinkslink]

you may all be missing the point

paypal is interested in BTC
dont forget they got Wences Casares on board

unless they plan to make PPcoin

dont forget about tax with crypto,
imagine if you shop online, and PP simply converts to crypto before paying seller
sellers can remove VAT from selling price
and buyers would never even know they are buying crypto/btc
it would all be seemless

PP will also save on tax, if it moves all funds around as crypto,
exhanging to fiat only when in their chosen low tax haven, if they even need to.

crypto for PP has big potential
but whether they would adopt BTC (which would be the smarter option)
or create their own and compete head on with BTC is anyone guess

The day paypal incorporates bitcoin, will be one massive leap for bitcoin

[DimensionZ]

The super bowl has been too glorified for me. I haven't watched it. Why would PayPal need more advertising by the way? It's like advertising the US dollar. They don't need to advertise it anymore, because everyone knows of it already.

Why does Coca Cola advertise so much every year if everyone knows the drink? There is no useless advertising & it just makes you want their products more.

[pinkslink]

Why does Coca Cola advertise so much every year if everyone knows the drink? There is no useless advertising & it just makes you want their products more.

Kids, they need to drill it in good

[Denker]

Why does Coca Cola advertise so much every year if everyone knows the drink? There is no useless advertising & it just makes you want their products more.

Kids, they need to drill it in good

As far as I know and have read, american high schools and schools are full with beverage machines by Coca Cola or Pepsi.
http://www.motherjones.com/tom-philpott/2012/08/schools-limit-campus-junk-food-have-lower-obesity-rates

So I question myself for what reason the constant commercials on Super Bowl by those companies.

[mtnsaa]

you may all be missing the point

paypal is interested in BTC
dont forget they got Wences Casares on board

unless they plan to make PPcoin

dont forget about tax with crypto,
imagine if you shop online, and PP simply converts to crypto before paying seller
sellers can remove VAT from selling price
and buyers would never even know they are buying crypto/btc
it would all be seemless

PP will also save on tax, if it moves all funds around as crypto,
exhanging to fiat only when in their chosen low tax haven, if they even need to.

crypto for PP has big potential
but whether they would adopt BTC (which would be the smarter option)
or create their own and compete head on with BTC is anyone guess

The day paypal incorporates bitcoin, will be one massive leap for bitcoin

I used to think Paypal was interested in Bitcoin because of the signing of Wences Casares but I don't think anyone is interested in Bitcoin itself anymore, it's just a joke for all companies and businessmen. All they care is the blockchain that's why Ethereum is soaring right now and if the uptrend continues during this year (people getting out of Bitcoin) then it could definitely be in trouble.

[chennan]

https://www.youtube.com/watch?v=1dF9t_xQGks

Anyone else see this one during Super Bowl 50?

I'm sick of all these fiat payment processors... same old system, same old corruption, and same old restrictions.

Bitcoin is New Money. PayPal/Android Pay/Samsung Pay/Apple Pay is Old Money with a fancy new pair of shoes.

 

let them waste their money on that crap. bitcoin still needs to grow before its primed for mainstream.

its not like bitcoin is just a wallet service. its a whole new economy. so let bitcoin grow and then advertise it like a whole new country, rather than just an app

Absolutely... Bitcoin is no where near where it needs to be to be considered for the prime time spot in finance.  Bitcoin is in the midst of a civil war right now with block sizes which, honestly, is a headache for me to read about all the time... Couldn't imagine being someone just getting into this and trying to understand all the jibberish coming from people on here and /r/bitcoin.

But let's take a step back from all of that.  Bitcoin is essentially trying to revolutionize how the monetary system works, which is absolutely HUGE! There hasn't been a real dramatic change to the monetary system ever since the Fed/government decided to discontinue the gold standard for all fiat around in the 70's.  As you can see, inflation is going nuts ever since that change to how things worked.

People don't necessarily care any more, or just can't comprehend the importance of having a finite currency.  Bitcoin is trying to digitalize the gold standard, by being the digital gold... that's a pretty big deal, and we are only 7 years in.  So we have to expect that there will be stuff to work out in the early stages; not just shove it down the publics throat that doesn't really care about it now, when the currency is still technically "under development".

[julian071]

Great commercial!! Too bad BTC seems to be run by a bunch of neckbearded anarcho-hippies, I can't imagine something as good as this commercial being created any time soon in this community.

Also very smart to rebrand themselves as 'money', while they are only a payment provider. They're doing what the BTC community is not doing, looking at what works well elswhere. What they are using is that in crypto, ppl love to gloat about how much better their crypto is then dirty old fiat. And then using that for their own glory. Good thinking. The BTC community could try and copy what is good about Paypal (there surely is a reason why millions of people use it) instead of trying to ridicule it, but I guess that's not the neckbeard anarcho-hippie thing to do.

[RodeoX]

Great commercial!! Too bad BTC seems to be run by a bunch of neckbearded anarcho-hippies, I can't imagine something as good as this commercial being created any time soon in this community.

Also very smart to rebrand themselves as 'money', while they are only a payment provider. They're doing what the BTC community is not doing, looking at what works well elswhere. What they are using is that in crypto, ppl love to gloat about how much better their crypto is then dirty old fiat. And then using that for their own glory. Good thinking. The BTC community could try and copy what is good about Paypal (there surely is a reason why millions of people use it) instead of trying to ridicule it, but I guess that's not the neckbear anarcho-hippie thing to do.

The reason I do not have a PayPal account is not because I'm a hippie(I'm not), It's because PP is expensive, unsafe to use, and a stupid idea. It's a suckers service. I send thousands of dollars around the world for pennies. I NEVER use payment systems that tie my identity to my money. If you knew more about money I suspect you would understand this also.

[julian071]

Great commercial!! Too bad BTC seems to be run by a bunch of neckbearded anarcho-hippies, I can't imagine something as good as this commercial being created any time soon in this community.

Also very smart to rebrand themselves as 'money', while they are only a payment provider. They're doing what the BTC community is not doing, looking at what works well elswhere. What they are using is that in crypto, ppl love to gloat about how much better their crypto is then dirty old fiat. And then using that for their own glory. Good thinking. The BTC community could try and copy what is good about Paypal (there surely is a reason why millions of people use it) instead of trying to ridicule it, but I guess that's not the neckbear anarcho-hippie thing to do.

The reason I do not have a PayPal account is not because I'm a hippie(I'm not), It's because PP is expensive, unsafe to use, and a stupid idea. It's a suckers service. I send thousands of dollars around the world for pennies. I NEVER use payment systems that tie my identity to my money. If you knew more about money I suspect you would understand this also.

You sure sound like a hippie tho, with this "I don't want to tie my identity to my money" BS. Good luck with that in life.

I do understand that Paypal is not the best option for ordering coke on the Outlaw market. That's what BTC is for. For everything else, Paypal is free (for me as a consumer), convenient and very safe. Been using it for years and years, never a problem. In fact, purchases are insured. I don't have to worry about malevolent sellers or failing postal services. Much safer then BTC.

But then again, that's logical, because Paypal is a payment provider. They live off of providing services making payment easier and more safe. They're not money. But as you know so much about money, I guess you had already figured that, right?

Edit: sorry for being impolite. Worked too hard and slept too little.