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Question: What will the price of bitcoin be within two weeks following an announcement from Paypal that they will be adding Bitcoin as a funding source?
1000+ - 46 (25.1%)
750+ - 16 (8.7%)
500+ - 30 (16.4%)
250+ - 45 (24.6%)
No change - 27 (14.8%)
Down to <100 - 19 (10.4%)
Total Voters: 183

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Author Topic: Post Paypal announcement price  (Read 3578 times)
101111
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April 25, 2013, 03:57:50 PM
 #41

I think we're looking at this wrong.

Paypal doesn't just give Bitcoin cred.

Bitcoin gives Paypal cred as a still on the ball, ahead of the curve, tech savvy, (insert your fav cliche), forward looking financial outfit.
TimJBenham
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April 25, 2013, 04:21:58 PM
 #42

I think we're looking at this wrong.

Paypal doesn't just give Bitcoin cred.

Bitcoin gives Paypal cred as a still on the ball, ahead of the curve, tech savvy, (insert your fav cliche), forward looking financial outfit.

It works both ways. It is like a man and a dog out walking at night; they lend each other respectability.

You are a warlord in the outskirts of the known world struggling to establish a kingdom in the wild lands.
alan2here
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April 25, 2013, 05:33:47 PM
 #43

Great analogy with the dog.

Also, if Paypall offer some sort of BTC integration this needn't mean they support full chargebacks for all types of BTC transaction.

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virtualfaqs
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April 25, 2013, 08:07:29 PM
 #44

I'd never let PayPal handle disputes if I had the choice. Because they obviously don't have a clue about handling virtual transactions and the buyer usually wins. So as a seller, I'd  ask that BTC be sent directly to me. If any buyer wants to go through PayPal to send BTC, I'd think they were a scammer. If the buyer wants some kind of escrow, that's fine. But we're not using PayPal.

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phelix
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April 26, 2013, 07:49:54 AM
 #45

[...]
But really. Having trouble comprehending how Paypal/WU could use Bitcoin?
1) Offer their regular service at their regular price
2) Use bitcoin INTERNALLY
3) Reduce overhead involved with transferring USD
[...]

Where do you (and others) get these ideas? He was just talking about a FUNDING OPTION: Send Bitcoins to PayPal, get credited USD minus a fee. Coinheads happy, PayPal happy.

It's interesting to see how open these companies are towards Bitcoin, at least for what they tell the media.
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April 26, 2013, 09:08:04 AM
 #46

What do you think?

This will never happen.

Ding ding ding

At least you posted this in the speculation forum 'cause this is not happening anytime soon.
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