PayPal Predicts The End of the Wallet By 2015

[carlerha]

http://mashable.com/2011/06/29/paypal-100-million/
I disagree, I think we are only witnessing the beginning of a wallet.dat age

[jdebunt]

i'ld far rather predict the end for paypal by 2020 but i'm sure both payment systems can exist side by side

[SlaveInDebt]

wallet.dat age is right. Never will let someone else control my fund's again and pay them fee's for an illusion of service.

[Andrew Vorobyov]

Good news.. as fast they give up wallets so fast they will adopt Bitcoin.

[Jaime Frontero]

if i were PayPal, i'd be much more concerned with Facebook Credits than with Bitcoin - at least for the short term.

http://developers.facebook.com/credits/

Note: Effective July 1, games on Facebook Platform must exclusively process payments through Facebook Credits. Learn more on the Migration page.

after the various anti-trust filings have been successfully dealt with (if they are...) - and note that Google will be in the mix as well - this is going to be the battle of the decade.

[dinzy]

Fuck Paypal!

3% is a lot of money and they will even try to keep it in the event of a chargeback and they also charge it on the money received to pay ebay, I mean their own, fees.

[Serge]

For once we can agree with paypal, physical wallets will be thing of the past in the future.

[Jaime Frontero]

Fuck Paypal!

3% is a lot of money and they will even try to keep it in the event of a chargeback and they also charge it on the money received to pay ebay, I mean their own, fees.

you're right.  PayPal is evil.

but take a look at the terms for Facebook Credits.  if FB slides past the anti-trust laws (a likelihood), they'll be nailing everybody much worse than PayPal ever conceived of.  Zuckerberg is a visionary...

[Fuzzy]

Fuck Paypal!

3% is a lot of money and they will even try to keep it in the event of a chargeback and they also charge it on the money received to pay ebay, I mean their own, fees.

You're just lucky if they don't freeze your account and keep everything in it under the guise of "suspicious behavior".

[m0w3r]

Paypal must be destroyed

[flug]

if i were PayPal, i'd be much more concerned with Facebook Credits than with Bitcoin - at least for the short term.

Will facebook survive google+ ?

[jerfelix]

3% is a lot of money and they will even try to keep it in the event of a chargeback and they also charge it on the money received to pay ebay, I mean their own, fees.

1.3% is a lot of money!   [Mt. Gox in-and-out fees]

I can't believe Tradehill didn't POUNCE on the market that was HANDED TO THEM ON A SILVER PLATTER.  They should have immediately declared ZERO fees for 60 days, and they would own the market right now.  Everyone is too short-term greedy, when the rewards are in the long term.

Camp BX, if you are reading this, just announce free trades.  It's a cheap price to pay for market share.  Free trades through the end of the year.  Or 500 free trades, or whatever.

So simple.. but I guess this is what you get when you have tech guys leading companies, instead of marketing guys.

[Jaime Frontero]

if i were PayPal, i'd be much more concerned with Facebook Credits than with Bitcoin - at least for the short term.

Will facebook survive google+ ?

hard to say.  google has certainly had their failures, recently - but they're pushing a lot harder on google+ than they have on anything else.  i think they underestimated FB for long enough to be put at risk.

but the thing is, Bitcoin will be - essentially - fighting for market share with the big boys.  and when you get right down to it, most of the advantages that we all know and love are irrelevant.  what Bitcoin has going for it, out there in the world of Aunt Tilly, is no fees.  and that's after you deal with the drawbacks:  complexity, poor UI, perceived security, etc.

i'm pretty big on Bitcoin, and seriously invested - but i'm not going to bury my head in the sand.  i need to get off my ass, just like everybody else.

[NO_SLAVE]

http://mashable.com/2011/06/29/paypal-100-million/
I disagree, I think we are only witnessing the beginning of a wallet.dat age

nice counter psyops on PP's behalf.  "Wallet (bitcoin), well thats old news, paypal is the future!"

nice one guys,  now I know you are concerned. lol.

[Jaime Frontero]

http://mashable.com/2011/06/29/paypal-100-million/
I disagree, I think we are only witnessing the beginning of a wallet.dat age

nice counter psyops on PP's behalf.  "Wallet (bitcoin), well thats old news, paypal is the future!"

nice one guys,  now I know you are concerned. lol.

+1

indeed.

[Oldminer]

What the fuck would paypal know

[the founder]

wallet.dat age is right. Never will let someone else control my fund's again and pay them fee's for an illusion of service.

Yea you will...  eventually (if commercial adoption is high enough) you're going to go to the store to buy something in BTC and see your coins are at your machine at work.. or at home..  anywhere but on your phone where you need them now...  you'll have to remote in a few times...   then eventually you'll be like "forget this,  i'll just put them in a bitcoin bank / ewallet / whatever"   so you can access them securely from anywhere.

[BitcoinDealer]

I also put my driver license and other cards in my wallet, can I do this with Bitcoin Wallet?

[SlaveInDebt]

wallet.dat age is right. Never will let someone else control my fund's again and pay them fee's for an illusion of service.

Yea you will...  eventually (if commercial adoption is high enough) you're going to go to the store to buy something in BTC and see your coins are at your machine at work.. or at home..  anywhere but on your phone where you need them now...  you'll have to remote in a few times...   then eventually you'll be like "forget this,  i'll just put them in a bitcoin bank / ewallet / whatever"   so you can access them securely from anywhere.

You underestimate me. I drive 10 miles out of my way to withdraw cash should I have no cash to buy a pack of smokes. I refuse to have merchants be taxed extra because of credit/debit card purchases. Opened up a bank account just for Bitcoin, been 6 years since I had one prior.

[TraderTimm]

You guys are going to love my next 30-second spots, because I poke directly at "Certain Payment Processors" *cough* Paypal *cough*. I don't do it explicitly by name, but most people will get it.