Fundamental analysis thread

[Zangelbert Bingledack]

Perhaps the right people should be informed (Tony Galippi, ??), so that WU is professionally presented with workable use cases that they can see will increase profits, before they find anything that might scare them away or get any bright ideas about making their own WUcoins, though surely they will be soon.

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[lebing]

Ok, just got confirmation from multiple sources via email and twitter. They are looking to develop partnerships, so its a go. I'll update the thread again 

Depending on the details this could be mind-bogglingly huge.

Yeah, I'm sure it comes from the fact that so many people were using them to access bitinstant. They want to take that business and expand it, im sure.

[lebing]

Updated with:

Hedge fund looking to inject 1 billion € into bitcoin for large investors
https://exante.eu/press/news/266/
TLDR Big €€€ starting to move into Bitcoin

[niko]

How about we change the rules so only actions that actually happened or are ongoing are considered fundamentals, instead of announcements about supposed future actions?

[Zangelbert Bingledack]

But, but, BitInstant Debit Card

[donjoe]

Speaking of fundamentals, any idea why Google Trends is stuck showing Monday's search stats for "bitcoin" and hasn't moved on to show Tuesday as well?

[420]

But, but, BitInstant Debit Card

whens that happening?

[arklan]

But, but, BitInstant Debit Card

whens that happening?

exactly his point, 420. it was announced... what, back in september 2012? maybe october, and no sign yet.

[molecular]

Speaking of fundamentals, any idea why Google Trends is stuck showing Monday's search stats for "bitcoin" and hasn't moved on to show Tuesday as well?

int64 overflow detection

[Zangelbert Bingledack]

- OK Cupid (7 million users)
- MetArt and sister sites (top-tier porn purveyor in terms of quality)
- A bunch of smaller stuff

[420]

- OK Cupid (7 million users)
- MetArt and sister sites (top-tier porn purveyor in terms of quality)
- A bunch of smaller stuff

http://arstechnica.com/business/2013/04/okcupid-says-it-will-accept-bitcoin-as-currency-falls-to-recent-low/

[lebing]

Updated with Okcupid, thanks for the reminder 

[lebing]

Not going to update the main post with this (yet), but the fact that paypal is considering Bitcoin as a funding option... http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html

This underlines the rising tension between them and Western Union which is building. It might turn into a race which will which rapidly expand the infrastructure for bitcoin in a very short time period (and hence push the price to astronomical levels in an equally short time period).

[samson]

Not going to update the main post with this (yet), but the fact that paypal is considering Bitcoin as a funding option... http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html

This underlines the rising tension between them and Western Union which is building. It might turn into a race which will which rapidly expand the infrastructure for bitcoin in a very short time period (and hence push the price to astronomical levels in an equally short time period).

Interesting, he actually mentioned that they are considering it as a funding option.

PayPal could jump onto the Bitcoin bandwagon and allow people an easy way to spend their hordes of BTC.

This could be massive for both Bitcoin and Paypal.

Bitcoin + Paypal could completely disrupt Visa and Mastercard in this way.

[lebing]

Not going to update the main post with this (yet), but the fact that paypal is considering Bitcoin as a funding option... http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html

This underlines the rising tension between them and Western Union which is building. It might turn into a race which will which rapidly expand the infrastructure for bitcoin in a very short time period (and hence push the price to astronomical levels in an equally short time period).

Interesting, he actually mentioned that they are considering it as a funding option.

PayPal could jump onto the Bitcoin bandwagon and allow people an easy way to spend their hordes of BTC.

This could be massive for both Bitcoin and Paypal.

Bitcoin + Paypal could completely disrupt Visa and Mastercard in this way.

Yep, looks like western union and paypal are looking at this new technology as a potential ally - and viewing it as a race to see who can utilize it the most effectively. This is great news (unless you are a bear).

[molecular]

Not going to update the main post with this (yet), but the fact that paypal is considering Bitcoin as a funding option... http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html

This underlines the rising tension between them and Western Union which is building. It might turn into a race which will which rapidly expand the infrastructure for bitcoin in a very short time period (and hence push the price to astronomical levels in an equally short time period).

Interesting, he actually mentioned that they are considering it as a funding option.

PayPal could jump onto the Bitcoin bandwagon and allow people an easy way to spend their hordes of BTC.

This could be massive for both Bitcoin and Paypal.

Bitcoin + Paypal could completely disrupt Visa and Mastercard in this way.

Yep, looks like western union and paypal are looking at this new technology as a potential ally - and viewing it as a race to see who can utilize it the most effectively. This is great news (unless you are a bear).

This is truly astonishing. Part of me says: "hey, it was a mistake to consider WU and PayPal our enemies, they could be allies". Another part says: "watch out, this might be a trick of some sort".

[samson]

This is truly astonishing. Part of me says: "hey, it was a mistake to consider WU and PayPal our enemies, they could be allies". Another part says: "watch out, this might be a trick of some sort".

Big companies like to make lots of money and look for untapped revenue streams.

Bitcoin is a massive untapped revenue stream.

Who will open the floodgates first, that's the only question ?

[agentbluescreen]

Not going to update the main post with this (yet), but the fact that paypal is considering Bitcoin as a funding option... http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html

This underlines the rising tension between them and Western Union which is building. It might turn into a race which will which rapidly expand the infrastructure for bitcoin in a very short time period (and hence push the price to astronomical levels in an equally short time period).

Interesting, he actually mentioned that they are considering it as a funding option.

PayPal could jump onto the Bitcoin bandwagon and allow people an easy way to spend their hordes of BTC.

This could be massive for both Bitcoin and Paypal.

Bitcoin + Paypal could completely disrupt Visa and Mastercard in this way.

Well were going to have to find some sort of a use for it, because thus far as a "money", it's little more than a glorified "virtual toilet" who's sole "value" depends entirely upon how the last guy might leave the toilet seat, an hour from now.

[phelix]

@OP: Suggestion: Lock this thread besides you updating it. Make a single post about it each time so everybody is notified.

I like the idea and it should be separate from discussion. If you like make a separate fundamental analysis discussion thread and link to it from the original post.

People can still pm you with fundamental news. An alternative might be a self moderated thread so that you can delete all off topic posts.

[lebing]

@OP: Suggestion: Lock this thread besides you updating it. Make a single post about it each time so everybody is notified.

I like the idea and it should be separate from discussion. If you like make a separate fundamental analysis discussion thread and link to it from the original post.

People can still pm you with fundamental news. An alternative might be a self moderated thread so that you can delete all off topic posts.

Thanks for the suggestion - for now I think it's working just fine. People rarely comment here anyway. I will create a new thread if at some point that changes however.