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Author Topic: Western Union to begin accepting Bitcoin (WSJ)  (Read 7896 times)
Beauxe
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April 02, 2013, 07:28:31 AM
 #1

This is HUGE!!!!  http://mobile.blogs.wsj.com/cio/2013/04/01/western-union-eyes-digital-currency-services/
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April 02, 2013, 07:34:41 AM
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Quote
April 1, 2013
Stopped reading there.  Cheesy
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April 02, 2013, 07:37:58 AM
 #3

ahah funny one

The cost of mediation increases transaction costs, limiting the
minimum practical transaction size and cutting off the possibility for small casual transactions

Satoshi Nakamoto : https://bitcoin.org/bitcoin.pdf
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April 02, 2013, 07:51:43 AM
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April 1, 2013
Stopped reading there.  Cheesy

Could be a joke but I doubt it. Would not surprise me if WU were the instigator in getting FinCEN to get some guidelines published.

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April 02, 2013, 07:55:26 AM
 #5

Send your bitcoins to WU so they can send them to SR and the transaction will be compliant with money laundering laws?

I'm shorting WU instead.
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April 02, 2013, 07:57:08 AM
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Quote
The company is looking at the use of digital currencies like Bitcoin as well as the role
lebing
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April 02, 2013, 08:09:14 AM
 #7

If this is true..  Shocked

Bro, do you even blockchain?
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April 02, 2013, 08:44:46 AM
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I have just sent an email to WU requesting confirmation this is true. Will post answer when I get it.
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April 02, 2013, 09:51:56 AM
 #9

April.

The 1st.

Put the two together.

Bingo.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
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April 02, 2013, 10:13:50 AM
 #10

April.

The 1st.

Put the two together.

Bingo.

If it is an april fools joke, its a damn good one. I'm fooled.

Bro, do you even blockchain?
-E Voorhees
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April 02, 2013, 10:26:05 AM
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Apparently it's a well-researched article targeted at a serious audience, I doubt it's as simple as an April fool's joke.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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April 02, 2013, 10:34:06 AM
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Some serious reading comprehension fail by the OP. If they introduced something, it would be a competitor to Bitcoin, never says they will begin accepting Bitcoin.

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kangasbros
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April 02, 2013, 10:34:20 AM
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If it is April fool's joke, they should have declared it somewhere/by now?

And even then, I think it would be pretty bad joke. It is not that outrageous thing. And not that funny to 99,9% of the people who don't know what bitcoin is and what's so special about it.

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April 02, 2013, 10:40:38 AM
 #14

Some serious reading comprehension fail by the OP. If they introduced something, it would be a competitor to Bitcoin, never says they will begin accepting Bitcoin.
goddamnit, youre right.

edit: actually im not so sure. It's really not clear at all either way. I'm going to see if I can track down the journalists email to ask her.

Bro, do you even blockchain?
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JordanL
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April 02, 2013, 10:46:11 AM
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Some serious reading comprehension fail by the OP. If they introduced something, it would be a competitor to Bitcoin, never says they will begin accepting Bitcoin.


Quote
The company is looking at the use of digital currencies like Bitcoin


Sounds like that has not been decided (assuming this is not a joke). We need to be lobbying for them to adopt Bitcoin.
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April 02, 2013, 11:12:59 AM
 #16

We need to be lobbying for them to adopt Bitcoin.

/facepalm

Civil Liberty Through Complex Mathematics
greyhawk
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April 02, 2013, 11:18:58 AM
 #17

We need to be lobbying for them to adopt Bitcoin.

/facepalm

Noooooo, please let him do it. Those are always amusing.

BTC-User: "Hey WU, please take Bitcoins, ok?"
WU: "What is a bitcoin and why should we accept it?"
BTC-User: "It is a new currency that's intended to get rid of banks and other currency transaction providers. It'll be great. Everyone will be one's own bank."
WU: "So what you're saying is we should accept a currency that's specifically built to put us out of business by circumventing us in the first place."
BTC-User: "Yes, exactly. It will be wonderful. Hello? Hellllooooo? SirMadam? Where are you going? FUCKING HATERS. WE'LL SHOW YOU!"
the founder
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April 02, 2013, 11:20:55 AM
 #18

Don't laugh they could be a valid exchange If they take that direction

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April 02, 2013, 11:24:06 AM
 #19

Don't laugh they could be a valid exchange If they take that direction

Yes, they could blow everyone else out of the water and make an incredible amount of money in the process, but only if they have the intelligence and the balls to significantly alter their business model. Large corporations don't have a stellar track record when it comes to that, I'm afraid.

kangasbros
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April 02, 2013, 11:33:05 AM
 #20

Yes, they could blow everyone else out of the water and make an incredible amount of money in the process, but only if they have the intelligence and the balls to significantly alter their business model. Large corporations don't have a stellar track record when it comes to that, I'm afraid.

I don't really know how much they would have to alter their business model. They could just add bitcoin payment option via bit-pay to allow sending money with bitcoin, that would be fairly trivial. For the receiving end, they could partner with a company such as Bitinstant.

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