Bitcoin Forum
June 19, 2024, 01:29:44 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: Money over IP a threat to bitcoin  (Read 8960 times)
adpinbr (OP)
Sr. Member
****
Offline Offline

Activity: 1050
Merit: 254



View Profile
September 11, 2013, 11:57:13 PM
 #1

I think venmo is the biggest threat to bitcoin. If money over IP becomes prevalent without the need for bitcoin/cryptocurrencies, than the only benefit they really offer is for ideologist/criminals/economic reasons. But a lot of the added utility that we emphasize will disappear. And I ask myself, why don't we have that kiiler app yet?

Maybe we have all been fooled, maybe bitcoin will never go mainstream by the average joe that doesn't own gold and has his money run by a financial manager.
I was an Über-bull, but the realization that i see my friends using venmo, and not even close to understanding bitcoin, just made me extremely bearish



BIG WINNER!
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
BitCoiner2012
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
September 12, 2013, 12:02:39 AM
 #2

I think venmo is the biggest threat to bitcoin. If money over IP becomes prevalent without the need for bitcoin/cryptocurrencies, than the only benefit they really offer is for ideologist/criminals/economic reasons. But a lot of the added utility that we emphasize will disappear. And I ask myself, why don't we have that kiiler app yet?

Maybe we have all been fooled, maybe bitcoin will never go mainstream by the average joe that doesn't own gold and has his money run by a financial manager.
I was an Über-bull, but the realization that i see my friends using venmo, and not even close to understanding bitcoin, just made me extremely bearish

I've never even heard of the service, but here I am on a BTC forum.

BTC Long.
notme
Legendary
*
Offline Offline

Activity: 1904
Merit: 1002


View Profile
September 12, 2013, 12:07:23 AM
 #3

Never heard of it, but a paypal clone that broadcasts your transactions to all your friends doesn't seem like much of a threat/competitor.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
MoreFun
Legendary
*
Offline Offline

Activity: 1008
Merit: 1003


WePower.red


View Profile
September 12, 2013, 12:08:24 AM
 #4

Never heard of the service too but after watching video on their site you should probably just start with ABC of Bitcoin.
MAbtc
Hero Member
*****
Offline Offline

Activity: 826
Merit: 508


View Profile
September 12, 2013, 12:14:14 AM
 #5

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.
BitCoiner2012
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
September 12, 2013, 12:17:10 AM
 #6

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

BTC Long.
adpinbr (OP)
Sr. Member
****
Offline Offline

Activity: 1050
Merit: 254



View Profile
September 12, 2013, 12:18:52 AM
 #7

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

I was working on a proprietary wallet with eli https://bitcointalk.org/index.php?topic=29109.0
I feel we do need that killer app. and Venmo is not out of bitcoins grasp, but someone needs to step up while we still have the chance, once people get used to venmo they are exponentially less likely to figure out bitcoin, even when the barriers to entry are being reduced



BIG WINNER!
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
adpinbr (OP)
Sr. Member
****
Offline Offline

Activity: 1050
Merit: 254



View Profile
September 12, 2013, 12:19:47 AM
 #8

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

The masses don't care about the "underlying issue". they care about Prada, george zimmerman and pictures of their brunch



BIG WINNER!
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
notme
Legendary
*
Offline Offline

Activity: 1904
Merit: 1002


View Profile
September 12, 2013, 12:21:58 AM
 #9

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

The masses don't care about the "underlying issue". they care about Prada, george zimmerman and pictures of their brunch

And bitcoiners dont' have to care about "the masses".  Even if it remains a niche, it will continue to grow dramatically.  There is plenty of demand for a trustworthy currency.  Other than bitcoin and altcoins, there is no competition.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
sidhujag
Legendary
*
Offline Offline

Activity: 2044
Merit: 1005


View Profile
September 12, 2013, 12:22:38 AM
 #10

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

The masses don't care about the "underlying issue". they care about Prada, george zimmerman and pictures of their brunch
In other words it will never be worth anything because there is no smart money.
millsdmb
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


View Profile
September 12, 2013, 12:23:23 AM
 #11

I think venmo is the biggest threat to bitcoin. If money over IP becomes prevalent without the need for bitcoin/cryptocurrencies, than the only benefit they really offer is for ideologist/criminals/economic reasons. But a lot of the added utility that we emphasize will disappear. And I ask myself, why don't we have that kiiler app yet?

Maybe we have all been fooled, maybe bitcoin will never go mainstream by the average joe that doesn't own gold and has his money run by a financial manager.
I was an Über-bull, but the realization that i see my friends using venmo, and not even close to understanding bitcoin, just made me extremely bearish

ehh, venmo aint nothing special. I tried using it for roomates to pay utils. They just gave me checks instead.

Hitler Finds out about the Butterfly Labs Monarch http://www.youtube.com/watch?v=4jYNMKdv36w
Get $10 worth of BTC Free when you buy $100 worth at coinbase.com/?r=51dffa8970f85a53bd000034
adpinbr (OP)
Sr. Member
****
Offline Offline

Activity: 1050
Merit: 254



View Profile
September 12, 2013, 12:25:21 AM
 #12

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

The masses don't care about the "underlying issue". they care about Prada, george zimmerman and pictures of their brunch

And bitcoiners dont' have to care about "the masses".  Even if it remains a niche, it will continue to grow dramatically.

If we don't care about the masses then the value of bitcoin stems from one of 2 things IMHO.
a. Financial safe haven- this will require some sort of "mass" recognition, even if its just from a fraction of the financial industry
b. greater fool theory- there is nothing here, and you are just ridding the bubble up cause you are a relative early adopter



BIG WINNER!
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
MAbtc
Hero Member
*****
Offline Offline

Activity: 826
Merit: 508


View Profile
September 12, 2013, 12:25:58 AM
 #13

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.
The underlying issue here for the vast majority of people is not fiat currency. If we want bitcoin to be adopted as a payment system, it needs to compete on that basis.
notme
Legendary
*
Offline Offline

Activity: 1904
Merit: 1002


View Profile
September 12, 2013, 12:28:30 AM
 #14

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

The masses don't care about the "underlying issue". they care about Prada, george zimmerman and pictures of their brunch

And bitcoiners dont' have to care about "the masses".  Even if it remains a niche, it will continue to grow dramatically.

If we don't care about the masses then the value of bitcoin stems from one of 2 things IMHO.
a. Financial safe haven- this will require some sort of "mass" recognition, even if its just from a fraction of the financial industry
b. greater fool theory- there is nothing here, and you are just ridding the bubble up cause you are a relative early adopter

The answer is a.  And no, it doesn't require the masses.  Just as precious metal investors are a niche.

The other answer is remittances and international settlements.  Venmo is US only.  What about the other 95.6% of the world population?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
BitChick
Legendary
*
Offline Offline

Activity: 1148
Merit: 1001


View Profile
September 12, 2013, 12:32:51 AM
 #15

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

The masses don't care about the "underlying issue". they care about Prada, george zimmerman and pictures of their brunch
In other words it will never be worth anything because there is no smart money.

I was just thinking about this today.  There will probably be some mobile payment providers that will be quite successful before Bitcoin takes off.  It will just pave the way for Bitcoin though so I would not be concerned.  It will still be hard to transfer large amounts of money securely and it has the same issue of being fiat and will lose value.

Eventually some stories about how people have made millions from bitcoin, or smart investors that realize the potential convince less smart people to invest in BTC will be what helps it to grow.  

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
BitCoiner2012
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
September 12, 2013, 12:34:04 AM
 #16

I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.

Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.

Isn't it based on or in fiat? If so, it doesn't change the underlying issue.

The masses don't care about the "underlying issue". they care about Prada, george zimmerman and pictures of their brunch

And bitcoiners dont' have to care about "the masses".  Even if it remains a niche, it will continue to grow dramatically.

If we don't care about the masses then the value of bitcoin stems from one of 2 things IMHO.
a. Financial safe haven- this will require some sort of "mass" recognition, even if its just from a fraction of the financial industry
b. greater fool theory- there is nothing here, and you are just ridding the bubble up cause you are a relative early adopter

The masses are happy holding depreciating IOU notes, do you see them fleeing to safe havens? Wealth will flow to BTC as the market comes to understand BTC is the neo safe haven amongst else.

BTC Long.
hacknoid
Sr. Member
****
Offline Offline

Activity: 418
Merit: 252


Proud Canuck


View Profile WWW
September 12, 2013, 12:47:09 AM
 #17

Quote
WHAT BANKS WORK WITH VENMO?
Your Venmo account works with all the major banks in the United States.

WHAT COUNTRIES CAN I USE VENMO IN?
Venmo can only be used in the U.S.

Well that eliminates what, 96% of the world from using it?

It looks no better than Paypal - just with a nicer, social interface.

BitcoinRunner : Side scroller game powered entirely by Bitcoin! 
Game (alpha): http://hacknoid.ca/bitcoinrunner
Discussion: https://bitcointalk.org/index.php?topic=907618.0
Kluge
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1015



View Profile
September 12, 2013, 01:11:22 AM
 #18

Only thing they appear to have over Dwolla is that they take plastic (with roughly the same fee as Paypal), which makes it irrelevant since Paypal is generally used in conjunction with Dwolla, instead of Dwolla being the only choice. For mobile payments, at least in the US, this is taken care of with direct billing on cell charges (though most [all?] app stores have their own payment processor, too] - so I can't think of a market they're filling there. Unlike Bitcoin, Venmo has many direct competitors they don't offer something significant over. Dwolla's obscure -- why will Venmo be any different?
adpinbr (OP)
Sr. Member
****
Offline Offline

Activity: 1050
Merit: 254



View Profile
September 12, 2013, 01:55:49 AM
 #19

Only thing they appear to have over Dwolla is that they take plastic (with roughly the same fee as Paypal), which makes it irrelevant since Paypal is generally used in conjunction with Dwolla, instead of Dwolla being the only choice. For mobile payments, at least in the US, this is taken care of with direct billing on cell charges (though most [all?] app stores have their own payment processor, too] - so I can't think of a market they're filling there. Unlike Bitcoin, Venmo has many direct competitors they don't offer something significant over. Dwolla's obscure -- why will Venmo be any different?

taking plastic is a huge advantage for adoption rates cause its simple to set up, Facebook didn't have any clear cut advantage over friendster/myspace from a functional point of view. but it had a great UI and it was cool and it caught on. Same thing i happening now, you can chef the adoption rates, venmo is out for a shorter period and has more users than dwolla, and the trend will continue



BIG WINNER!
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
Kluge
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1015



View Profile
September 12, 2013, 01:59:54 AM
 #20

Only thing they appear to have over Dwolla is that they take plastic (with roughly the same fee as Paypal), which makes it irrelevant since Paypal is generally used in conjunction with Dwolla, instead of Dwolla being the only choice. For mobile payments, at least in the US, this is taken care of with direct billing on cell charges (though most [all?] app stores have their own payment processor, too] - so I can't think of a market they're filling there. Unlike Bitcoin, Venmo has many direct competitors they don't offer something significant over. Dwolla's obscure -- why will Venmo be any different?

taking plastic is a huge advantage for adoption rates cause its simple to set up, Facebook didn't have any clear cut advantage over friendster/myspace from a functional point of view. but it had a great UI and it was cool and it caught on. Same thing i happening now, you can chef the adoption rates, venmo is out for a shorter period and has more users than dwolla, and the trend will continue

How do I check the adoption rates?
Pages: [1] 2 3 4 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!