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Author Topic: Google confirms their payments team is working to incorporate bitcoin.  (Read 2335 times)
ajax3592
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January 22, 2014, 09:04:22 PM
 #1

This guy got in touch with Senior Vice President of Google and has a VERY good news for us  Smiley

http://www.reddit.com/r/Bitcoin/comments/1vvfxz/google_confirms_their_payments_team_is_working_to/?utm_source=hootsuite&utm_campaign=hootsuite

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January 22, 2014, 09:37:20 PM
 #2

If this is true - and I guess we won't know for sure until there is something official - it is great news.  If Google comes on board, everyone will be racing to do so.

The guy posting in the thread certainly seemed sincere.
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January 22, 2014, 09:47:01 PM
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all your coins belong to G  Grin

interesting development if true
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January 22, 2014, 09:57:55 PM
 #4

If this is true - and I guess we won't know for sure until there is something official - it is great news.  If Google comes on board, everyone will be racing to do so.

The guy posting in the thread certainly seemed sincere.

It certainly seems accurate enough, but rumors are rumors for a reason.  Google wallet isn't by any means Amazon, but it's Google, and well, Google is kind of mainstream a bit. Smiley  Another note, Google is kind of the anti-Apple, who seems to be anti-Bitcoin.  Another reason I think this could be true.

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January 22, 2014, 10:12:27 PM
 #5

If for real, you can expect "premium" content on YouTube to get paywalled. I'd expect they've been running that site at a loss for years (after paying a big sum for it too)

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January 22, 2014, 10:59:29 PM
 #6

If for real, you can expect "premium" content on YouTube to get paywalled. I'd expect they've been running that site at a loss for years (after paying a big sum for it too)

Do you even have any idea how much $ those adsense ads on start of video generate for google?

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January 22, 2014, 11:37:39 PM
 #7

This will be exciting news if implemented. My Husband was telling me the other day about Google wallet but now if it incorporates Bitcoin then count me in on getting one.. a wallet that is! I never liked Google much because they banned my adsense account when I used to blog for no reason but if they include BTC then I may forgive them lol. Grin Grin
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January 23, 2014, 12:45:43 AM
 #8

If for real, you can expect "premium" content on YouTube to get paywalled. I'd expect they've been running that site at a loss for years (after paying a big sum for it too)

Do you even have any idea how much $ those adsense ads on start of video generate for google?

Can you tell me how many exabytes of videos Youtube have? Or much it costs to run the datacenters that serve them across the planet?

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January 23, 2014, 12:56:10 AM
 #9

If for real, you can expect "premium" content on YouTube to get paywalled. I'd expect they've been running that site at a loss for years (after paying a big sum for it too)

Do you even have any idea how much $ those adsense ads on start of video generate for google?

Can you tell me how many exabytes of videos Youtube have? Or much it costs to run the datacenters that serve them across the planet?

It's an interesting question regarding YouTube and profitability for Google.  Google has never confirmed or denied if they make money on the site.  They made ~$1.5 Billion from YouTube ads last year.  Yes, BILLION.  The costs are surely high, but in the billions?  I'm sure in the hundreds of millions, but it probably doesn't approach a billion (what most analysts guess at least).

Plus, its the 2nd most visited site in the world behind?  Any guesses?  Google. Smiley  Even if it breaks even, still a great purchase by Google when everyone laughed at them for paying $1.65B for them!

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January 23, 2014, 12:57:14 AM
 #10

If for real, you can expect "premium" content on YouTube to get paywalled. I'd expect they've been running that site at a loss for years (after paying a big sum for it too)

Do you even have any idea how much $ those adsense ads on start of video generate for google?

Can you tell me how many exabytes of videos Youtube have? Or much it costs to run the datacenters that serve them across the planet?

Who outside google knows? ( The first rule of Fight Club is – you do not talk about Fight Club. The second rule of Fight Club is – you DO NOT talk about Fight Club.)  Some companies take the Fight Club approach with their data centers.

Thats why I prefer to support

http://www.opencompute.org/


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January 23, 2014, 01:07:12 AM
 #11

So, Only now that bitcoin hit their Zeitgeist in 2013 ....

But so far check that interview in 2011 ..

On the 23 of June, 2011 a secret five hour meeting took place between WikiLeaks publisher Julian Assange, who was under house arrest in rural UK at the time and Google CEO Eric Schmidt.

ES So how far are we from this type of system?

JA On the publishing end, the magnet links and so on are starting to come up. There's also a very nice little paper that I've seen in relation to Bitcoin, that... you know about Bitcoin?

ES No.

JA Okay, Bitcoin is something that evolved out of the cypherpunks a couple of years ago, and it is an alternative... it is a stateless currency.

JC Yeah, I was reading about this just yesterday.

JA And very important, actually. It has a few problems. But its innovations exceed its problems. Now there has been innovations along these lines in many different paths of digital currencies, anonymous, untraceable etc. People have been experimenting with over the past 20 years. The Bitcoin actually has the balance and incentives right, and that is why it is starting to take off. The different combination of these things. No central nodes.


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January 23, 2014, 01:28:16 AM
 #12

It's too big, that would cause a huge shock. Imagine that if Google fully supports BTC, its price would more than double in one hour.

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January 23, 2014, 01:47:38 AM
 #13

It's too big, that would cause a huge shock. Imagine that if Google fully supports BTC, its price would more than double in one hour.

Yep, but remember who are the biggest google's class A shareholders ...

http://investors.morningstar.com/ownership/shareholders-major.html?t=GOOG

so, it's not that easy. Basically they see bitcoin at the same way any other wall st. guys.

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January 23, 2014, 01:55:49 AM
 #14

It's too big, that would cause a huge shock. Imagine that if Google fully supports BTC, its price would more than double in one hour.

Yep, but remember who are the biggest google's class A shareholders ...

http://investors.morningstar.com/ownership/shareholders-major.html?t=GOOG

so, it's not that easy. Basically they see bitcoin at the same way any other wall st. guys.

and
Top Institutional Holders

FMR, LLC   18,396,507   6.65   16,113,684,446   Sep 30, 2013
Vanguard Group, Inc. (The)   13,374,722   4.83   11,715,052,747   Sep 30, 2013
State Street Corporation   11,993,675   4.33   10,505,379,869   Sep 30, 2013
Price (T.Rowe) Associates Inc   9,496,804   3.43   8,318,345,591   Sep 30, 2013
BlackRock Institutional Trust Company, N.A.   7,438,363   2.69   6,515,336,535   Sep 30, 2013
JP Morgan Chase & Company   6,882,988   2.49   6,028,878,019   Sep 30, 2013
Capital World Investors   6,322,215   2.28   5,537,691,340   Sep 30, 2013
Capital Research Global Investors   6,293,594   2.27   5,512,621,920   Sep 30, 2013
Bank of New York Mellon Corporation   5,084,469   1.84   4,453,537,241   Sep 30, 2013
Invesco Ltd.   4,187,607   1.51   3,667,966,847   Sep 30, 2013

http://finance.yahoo.com/q/mh?s=GOOG+Major+Holders


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January 23, 2014, 07:37:00 AM
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Cool!
dude is fine
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January 23, 2014, 11:39:23 AM
 #16

It's awesome if it's true! Google is the internet leader and everyone will surely follow!
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January 23, 2014, 11:44:40 AM
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HODL!

 Grin

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January 23, 2014, 10:15:19 PM
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There are so many conflicting reports on this, that you don't know which one to believe.   Some of them give validity to the fact that they are open to incorporating bitcoin, others say that they have no plans to incorporate bitcoin.   As much as I would love for google to start incorporating bitcoin, I feel like google would come along and create their own crypto currency before they jump on with bitcoin...
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January 23, 2014, 10:33:53 PM
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There are so many conflicting reports on this, that you don't know which one to believe.   Some of them give validity to the fact that they are open to incorporating bitcoin, others say that they have no plans to incorporate bitcoin.   As much as I would love for google to start incorporating bitcoin, I feel like google would come along and create their own crypto currency before they jump on with bitcoin...

I don't think they would invent a crypto currency for legal reasons. If it were used for illicit purposes they would have their neck on the line...

I think they are working on incorporating it, however they are likely working on creating their own in house brokerage service rather than paying another company like Bitpay or Coinbase a percentage. Of course they will deny any plans related to Bitcoin, why wouldn't they?

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January 24, 2014, 01:24:37 PM
 #20

There are so many conflicting reports on this, that you don't know which one to believe.   Some of them give validity to the fact that they are open to incorporating bitcoin, others say that they have no plans to incorporate bitcoin.   As much as I would love for google to start incorporating bitcoin, I feel like google would come along and create their own crypto currency before they jump on with bitcoin...

I don't think they would invent a crypto currency for legal reasons. If it were used for illicit purposes they would have their neck on the line...

I think they are working on incorporating it, however they are likely working on creating their own in house brokerage service rather than paying another company like Bitpay or Coinbase a percentage. Of course they will deny any plans related to Bitcoin, why wouldn't they?

Companies will generally deny any rumor until it's fact, or really close to fact.  They never want to be put in the situation where it most likely will happen in the future, they confirm the rumor, and then it doesn't happen.

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