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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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ShadowOfHarbringer
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September 06, 2013, 10:58:20 AM |
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They tried to contain their enthusiasm, but I would still say this is rather more positive than negative. Seems like ebay wants to hop on the Bitcoin bandwagon and is looking for support or explantation in case somebody (like government or stockholders) asks them "why did you go into Bitcoins ?". |
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ShadowOfHarbringer
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September 06, 2013, 11:23:01 AM |
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UPDATE:
What i actually meant to say was that Ebay may be looking for *justification* for implementing Bitcoin, I was just missing the word.
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kjlimo
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September 06, 2013, 11:28:08 AM |
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My buddy got a call from Ebay inquiring as to how/why they should implement it and said they have a team analyzing it.
Exciting times!
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Birdy
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September 06, 2013, 01:32:44 PM |
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"When queried, an eBay spokeswoman said the company has not changed its payment policies. "The video is strictly informational," she said via email. " That doesn't sound like it was an hack. |
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LiteCoinGuy
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September 06, 2013, 01:53:39 PM |
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"When queried, an eBay spokeswoman said the company has not changed its payment policies. "The video is strictly informational," she said via email. " That doesn't sound like it was an hack. ok thanks! |
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001sonkit
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September 06, 2013, 02:04:40 PM |
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So is ebay consider to kill it's child? which is Paypal? Or was it just a stepping stone for Paypal to start accepting Bitcoin with 5% exchange fee every friggin time?
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GEMINI ACCOUNT REVIEW - Source of Funds Request
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LiteCoinGuy
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September 06, 2013, 05:14:36 PM |
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So is ebay consider to kill it's child? which is Paypal? Or was it just a stepping stone for Paypal to start accepting Bitcoin with 5% exchange fee every friggin time?
something like that i guess. but it would be a huge step for bitcoin |
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HeliKopterBen
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September 06, 2013, 05:44:58 PM |
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They are like any other business and will have to do a cost-benefit analysis to see if adding bitcoin as a payment option will generate more fiat profit. Maybe someday businesses will do a cost-benefit analysis to determine if they can generate more BTC profit.
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Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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BitChick
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September 06, 2013, 09:10:47 PM |
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So is ebay consider to kill it's child? which is Paypal? Or was it just a stepping stone for Paypal to start accepting Bitcoin with 5% exchange fee every friggin time?
something like that i guess. but it would be a huge step for bitcoin I would think that Ebay and Paypal would realize that the need to get involved with Bitcoin somehow or risk losing their monopoly on online auctions and easy payments. Of course, they probably think they are too big to have any fear but hopefully someone is logical enough to realize that they should be concerned a bit. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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solex
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100 satoshis -> ISO code
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September 06, 2013, 09:37:50 PM |
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So is ebay consider to kill it's child? which is Paypal? Or was it just a stepping stone for Paypal to start accepting Bitcoin with 5% exchange fee every friggin time?
I don't think that Bitcoin kills Paypal at all because there are valued-added things which Paypal can do such as manage escrow, dispute resolution, merchant non-performance penalties, AML checks. Bitcoin and PayPal can run side by side for a long time, both making eBay work better. We don't 'know yet but fiat might be around for a few decades as crypto grows. Also the sooner that ebay/paypal integrate bitcoin services then the sooner they have a market advantage which they could hang onto ahead of other competition. Kodak spurned digital camera tech until it was too late. In hindsight they should have taken the risk and embraced it. The same principle applies here. |
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myself
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chaos is fun...…damental :)
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September 06, 2013, 09:39:07 PM |
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the only concern with this is payments made from customer wallet if you pay from mtgox green address that will be ok because ebay cant link your home direction to bitcoin address |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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BitChick
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September 07, 2013, 03:02:27 AM |
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Kodak spurned digital camera tech until it was too late. In hindsight they should have taken the risk and embraced it. The same principle applies here.
YES. I hope ebay and Paypal can learn from mistakes other companies have made. We will see. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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n8rwJeTt8TrrLKPa55eU
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September 07, 2013, 11:35:43 PM |
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So is ebay consider to kill it's child? which is Paypal? Or was it just a stepping stone for Paypal to start accepting Bitcoin with 5% exchange fee every friggin time?
I don't think that Bitcoin kills Paypal at all because there are valued-added things which Paypal can do such as manage escrow, dispute resolution, merchant non-performance penalties, AML checks. Bitcoin and PayPal can run side by side for a long time, both making eBay work better. We don't 'know yet but fiat might be around for a few decades as crypto grows. Also the sooner that ebay/paypal integrate bitcoin services then the sooner they have a market advantage which they could hang onto ahead of other competition. Kodak spurned digital camera tech until it was too late. In hindsight they should have taken the risk and embraced it. The same principle applies here. Exactly! Paypal can never be ubiquitous. They have a large share, but of a relatively small and constrained market with competitors entering left and right. If ebay thinks strategically long term, it makes sense to give up some revenue from that division, in exchange for a leader position as an add-on service provider to a potentially global Bitcoin economy. |
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LiteCoinGuy
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September 08, 2013, 05:02:25 PM |
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also notice: if they add it, with their profesionell structure and market cap that they have, they would be the market leader from that day!
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