2013-10-30 New York Times: Bitcoin Pursues the Mainstream

[Arvicco]

http://www.nytimes.com/2013/10/31/technology/bitcoin-pursues-the-mainstream.html?pagewanted=all&_r=0

[1713520919]

1713520919

[audrey]

best news all day.

[bitcoinbeliever]

This looks rather significant

“I’m confident you will see major worldwide retailers adopting systems built on bitcoin,” said Jim Breyer, the Silicon Valley venture capitalist and early Facebook investor who also served on the board of Walmart Stores for more than a decade.

So Jim Breyer is a Silicon Valley venture capitalist and early Facebook investor, who also served on the board of Walmart Stores for more than a decade?

served on the board of Walmart Stores for more than a decade?

Walmart?

This man has top level leadership connections at Walmart, and believes that we will see major worldwide retailers adopting systems built on bitcoin?

Who are we to argue?

[Gabi]

Walmart!=worldwide.

Walmart doesn't exist here for example 

[prophetx]

This looks rather significant

“I’m confident you will see major worldwide retailers adopting systems built on bitcoin,” said Jim Breyer, the Silicon Valley venture capitalist and early Facebook investor who also served on the board of Walmart Stores for more than a decade.

So Jim Breyer is a Silicon Valley venture capitalist and early Facebook investor, who also served on the board of Walmart Stores for more than a decade?

served on the board of Walmart Stores for more than a decade?

Walmart?

This man has top level leadership connections at Walmart, and believes that we will see major worldwide retailers adopting systems built on bitcoin?

Who are we to argue?

Jim Breyer is a major and well respected VC, good to know he agrees

[TraderTimm]

Walmart!=worldwide.

Walmart doesn't exist here for example 

Just because they don't have one of their stores in your hamlet doesn't mean they aren't a world leader:

http://listdose.com/top-10-worlds-biggest-retail-giants/

Money quote:

Retail Revenue: 404 billion US$

Wal-Mart is the undisputed retail leader in North America and tops the global list of retailers, but the company’s international operations in 15 countries outside the United States generate just under 25 percent of annual sales. Their Slogan “Save Money, Live Better” is very customer friendly. The company is the world’s third largest public corporation, according to the Fortune Global 500 list. The company employs nearly 2 million people and is the biggest private employer worldwide. Wal-Mart has 8,900 stores spanning 15 countries under 55 different names. In India, it operates under the name “Best-Price”.

[LiteCoinGuy]

Walmart!=worldwide.

Walmart doesn't exist here for example  

Just because they don't have one of their stores in your hamlet doesn't mean they aren't a world leader:

http://listdose.com/top-10-worlds-biggest-retail-giants/

Money quote:

Retail Revenue: 404 billion US$

Wal-Mart is the undisputed retail leader in North America and tops the global list of retailers, but the company’s international operations in 15 countries outside the United States generate just under 25 percent of annual sales. Their Slogan “Save Money, Live Better” is very customer friendly. The company is the world’s third largest public corporation, according to the Fortune Global 500 list. The company employs nearly 2 million people and is the biggest private employer worldwide. Wal-Mart has 8,900 stores spanning 15 countries under 55 different names. In India, it operates under the name “Best-Price”.

yeah thats true. of course this is great news! even in early 2013 no one could imagine that this sort of news would ever happen  
things are fast in the bitcoin world.

[PrintMule]

So there's finally a bitcoin ATM after all this talk? I wonder how those news have slipped past me.

[bitcoinbeliever]

Walmart tried for 10 years to become its own bank, to cut out the current system and its exorbitant fees, before giving up in 2007.

http://www.nytimes.com/2007/03/17/business/17bank.html?_r=0

This was a major win for the entrenched system, especially since other retailers like Target had already succeeded in doing the same thing.

Equally important - Because it sources so much overseas, Walmart should love its customers using currency that retains its purchasing power in terms of yuan or other foreign currencies, regardless of when the debasement of the dollar hits home.