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Author Topic: Google Wallet  (Read 2395 times)
ryanender
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June 21, 2011, 03:50:42 AM
 #1

Found an interesting thread on Reddit regarding Google Wallet and Bitcoin...

http://www.reddit.com/r/Bitcoin/comments/hsp5g/google_may_be_the_first_bitcoin_bank/

Makes me wonder if GoogleCoin isn't far off...


RyanEnder
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BitcoinPorn
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June 21, 2011, 03:55:47 AM
 #2

I'd trust 'em.

ryanender
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June 21, 2011, 03:58:06 AM
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Think I would, too.  If anybody can lock down SQL, I'm sure it's Google.

RyanEnder
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Richard at Wendel Services, LLC
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June 21, 2011, 04:01:30 AM
 #4

I would never do it. I may let them have my email, but I don't want google acting as an unregulated bank. Just unsettling. 

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MoonShadow
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June 21, 2011, 04:02:05 AM
 #5


Makes me wonder if GoogleCoin isn't far off...


I'd doubt that google has any such plans, but I would say that google wallet is DOA.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
BitcoinPorn
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June 21, 2011, 04:05:50 AM
 #6

Actually, the more I think about it, they would have to have a full hands off of recording anything at all regarding transactions past what they are dealing with directly with people.  Other than that, I don't think they need to keep records (but then again, that is what people want I'm sure, records)

showtime
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June 21, 2011, 04:06:56 AM
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Interesting. Thanks for posting.  Not sure most folks would want to give up their anonymity for it, though.
ryanender
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June 21, 2011, 04:11:34 AM
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Still, Apple has tried getting their Cloud service (yeah, I know, it's not exactly doing MapReduce) off the ground a couple of times.  I can definitely see the upside of creating a virtual currency, especially if I owned the sites where it intersected other currencies like Mt. Gox or TradeHill. 

I still think the best way for Bitcoin to flourish is to make sure the places where they intersect with the economy in general is as hardened and secure as anything on the Internet.  Flaunt it.  Challenge hackers to take it down.  I'd trust a site that openly talked trash to LulzSec, Anonymous, or any of those guys...  Smiley

RyanEnder
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MoonShadow
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June 21, 2011, 04:14:21 AM
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Flaunt it.  Challenge hackers to take it down.  I'd trust a site that openly talked trash to LulzSec, Anonymous, or any of those guys...  Smiley

Even better would be a market trade site ran by LulzSec openly trash talking the others to break it.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
Samantha2011
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June 21, 2011, 04:17:01 AM
 #10

http://i726.photobucket.com/albums/ww266/hellomumi/Entradas/michaelscott_no.gif

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ryanender
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June 21, 2011, 04:17:49 AM
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...and then they take all the bitcoins in everybody's accounts... "just for the lulz"...  yikes.

RyanEnder
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NoodlesJefferson
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June 21, 2011, 05:06:26 AM
 #12

very interesting
 
Ratman2050
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June 21, 2011, 06:17:42 PM
 #13

Google has an aptitude for knowing many things about its users. The government has hassled Google before to allow them to use Google's database to track people.

Feeling Lucky?

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alepintchap
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June 21, 2011, 07:20:00 PM
 #14

I thought the whole point was to be de-centralized and not regulated...
bbjansen
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June 21, 2011, 07:32:31 PM
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That would actually be such a great and big step for the Bitcoin. It will be get a lot more attention and be trusted by many more people.
anonimouse
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June 21, 2011, 07:41:10 PM
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I thought the whole point was to be de-centralized and not regulated...

exactly.  i like google and all of their free products, but i think this move pretty much violates the central concept of bitcoins.
EyeRis
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June 21, 2011, 08:01:21 PM
 #17


^this

http://eyerishacking.blogspot.com/
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einsteinx2
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June 21, 2011, 08:28:10 PM
 #18

I personally wouldn't mind using a Google wallet. I wouldn't keep all my btc money in there, but I think it would be convenient for doing purchases on the go, etc. Think if they had a nice mobile web front end, etc. Plus Google has a knack for adding in all the little features you didn't realize you needed until they code them (think Gmail) and their security would be better than most. I think for pure convenience sake, I would use it for small day to day transactions. Just not as my savings account.
MoonShadow
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June 21, 2011, 08:55:37 PM
 #19

I thought the whole point was to be de-centralized and not regulated...

exactly.  i like google and all of their free products, but i think this move pretty much violates the central concept of bitcoins.

No, the central point of Bitcoins is to allow the user the choices.  Other options can't be decentralized nor anonymous.  Just how far the user wants to go do that rabbit hole is entirely up to them.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
smartcardguy
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June 21, 2011, 08:55:55 PM
 #20

What are the scenarios in which a Bitcoin bank would be valuable? For example I imagine paypal esq remote access to funds might be one but are there others? Why might you want google, or anyone else for that matter to hold on to your bitcoins for you?

Talk to me aboout securing Bitcoin with Smart Cards.
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