2013-09-10 How eBay Could Rescue Bitcoin From the Feds

[zakoliverz]

http://www.wired.com/wiredenterprise/2013/09/ebay_bitcoins/

A licensed money transmitter who gets into the business of doing this is going to have a tremendous leg up on someone who is not a money transmitter because they have an accepted regulatory structure in place,” says Carol Van Cleef, a banking regulations expert and partner and with the Patton Boggs law firm in Washington, D.C.

[1715254856]

1715254856

[odolvlobo]

Something weird is going on at ebay. It appears that the site has been hacked, but then who made the video? It also possible that they unintentionally released an update to the site before it was ready.

[BitChick]

I guess one of the major concerns is how to manage chargebacks on Paypal.  Could they just have a clause for Bitcoin transactions that they are final and let the risk rest on the seller and buyer somehow?  Once the payment is received then if the bitcoins are sent and verified there should be no recourse?  I am sure it is more complicated then that but I would think that there should be a way to do it somehow.