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Author Topic: Google wallet.. good for bitcoin?  (Read 2886 times)
flix
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indomitus


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September 20, 2011, 10:30:46 AM
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http://www.google.com/wallet/
So Google wallet is finally launching. Obviously it's still linked to flawed currencies and banking systems, but it could be a push for online and mobile payments, allowing other options like Bitcoin to ride the wave.

What do you think? Are there any projects to implement Bitcoin on Google wallet? how about exchanges from bitcoin to Google's "prepaid" card?


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Raoul Duke
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September 20, 2011, 10:57:45 AM
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You do realize that Google Wallet is a huge data mining operation, don't you?
That completely defeats the purpose of Bitcoin.

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September 20, 2011, 11:11:26 AM
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NFC is good for Bitcoin Wink

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September 20, 2011, 11:20:17 AM
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Google Wallet is good I'd say as it increases the trust in technologies like NFC and electronic payments over the counter. But since it relies on traditional currencies and is completely centralized it leaves room for Bitcoin to evolve. I just hope not too many people will abandon Bitcoin in favor of Google Wallet.

Want to see what developers are chatting about? http://bitcoinstats.com/irc/bitcoin-dev/logs/
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September 20, 2011, 11:27:11 AM
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You do realize that Google Wallet is a huge data mining operation, don't you?
That completely defeats the purpose of Bitcoin.

Only one aspect of it. If there were a bank that both accepted bitcoin deposits and issued a credit card compatible with Google wallet, it would help bootstrap bitcoin usage.

Perhaps if merchants kept seeing Bitcoin Bank on their statements, they might learn that accepting bitcoin directly has advantages.

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September 20, 2011, 11:38:21 AM
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You do realize that Google Wallet is a huge data mining operation, don't you?
That completely defeats the purpose of Bitcoin.

I wouldn't be here if I only cared about mobile payments.

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mikethebodacious
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September 20, 2011, 12:23:17 PM
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 I just hope not too many people will abandon Bitcoin in favor of Google Wallet.


Surely you jest.  The purpose of Bitcoin is decentralization, where as Google Wallet is about centralization and tracking online transactions.  Anyone who has read Bilderberg's agenda for 2011/2012 has seen the push towards a cashless society and monitoring people through the internet.

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September 20, 2011, 07:04:26 PM
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Bitcoin -> Huh -> Google Wallet -> Profit!
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September 20, 2011, 07:45:12 PM
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Google is creating a wallet and payment service, not a currency. Thus their Wallet and Bitcoin are not mutually exclusive, and I'd expect the Google Wallet to support Bitcoin at some point.

Bitcoin and Facebook Credits are at odds.
Bitcoin and Google Wallet are not at odds. 

(A keen observer may realize that this gives Google incentive to adopt/support Bitcoin in some manner, in order to undermine FB, for they are now in direct competition with each other since Google Plus launched).
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September 20, 2011, 07:51:13 PM
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(A keen observer may realize that this gives Google incentive to adopt/support Bitcoin in some manner, in order to undermine FB...).

They will also develop an app for the Apple AppStore to use your Google Wallet on iOS devices.  And when Apple denies it, because it competes with Apple's digital wallet, Google will sue them again, just like they did when Apple denied Google Voice.

And then the Apple AppStore will be open for bitcoin wallets Smiley

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September 20, 2011, 10:10:21 PM
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Google is creating a wallet and payment service, not a currency. Thus their Wallet and Bitcoin are not mutually exclusive, and I'd expect the Google Wallet to support Bitcoin at some point.

Bitcoin and Facebook Credits are at odds.
Bitcoin and Google Wallet are not at odds. 

(A keen observer may realize that this gives Google incentive to adopt/support Bitcoin in some manner, in order to undermine FB, for they are now in direct competition with each other since Google Plus launched).

Anything with the Mastercard logo on it means it's deeply tied to the current banking system mess. The Banks will pay big money to silence alternative currencies. They do print that money afterall.

Remember, currently Mastercard controls all the POS systems that accept Google Wallet. Google doesn't even get a say in the matter due to their subordinate position. Their logo doesn't even appear anywhere on the sales terminal.
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September 20, 2011, 10:17:28 PM
 #12

this is the enemy:
<iframe width="640" height="390" src="http://www.youtube.com/embed/DsaJMhcLm_A" frameborder="0" allowfullscreen></iframe>

slick mofo-model zombies paying their anti-depressant, taxi and overpriced clothes
willingly giving premium and data to google citi and mastercard

mikethebodacious
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September 21, 2011, 12:16:20 AM
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this is the enemy:
<iframe width="640" height="390" src="http://www.youtube.com/embed/DsaJMhcLm_A" frameborder="0" allowfullscreen></iframe>

slick mofo-model zombies paying their anti-depressant, taxi and overpriced clothes
willingly giving premium and data to google citi and mastercard

Rob and John are total toolbags.  I think people need to understand that anytime they want more convenience they have to give up some of their privacy/liberties.  At some point you need to say enough is enough, I don't need more convenience at the expense of my every move and purchase being tracked, logged, and sold to corporations to develop their advertising focus.

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September 21, 2011, 12:41:32 AM
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I don't need more convenience at the expense of my every move and purchase being tracked, logged, and sold to corporations to develop their advertising focus.

Just wait until you see what they are doing next ...
 Movenbank - Banking w/ their KYC based on mandatory Twitter, Facebook and Mobile w/ NFC
 - http://www.banking4tomorrow.com/2011/09/the-reboot-of-banking-now-the-work-starts

 SynerScope - Link your bank transactions with every other transaction about you.
  "Connecting the dots" with web traffic, payment transactions, mobile call records, IRC logs, etc.
 - http://synerscope.com/products
 

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September 21, 2011, 12:51:16 AM
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I don't need more convenience at the expense of my every move and purchase being tracked, logged, and sold to corporations to develop their advertising focus.

Just wait until you see what they are doing next ...
 Movenbank - Banking w/ their KYC based on mandatory Twitter, Facebook and Mobile w/ NFC
 - http://www.banking4tomorrow.com/2011/09/the-reboot-of-banking-now-the-work-starts

 SynerScope - Link your bank transactions with every other transaction about you.
  "Connecting the dots" with web traffic, payment transactions, mobile call records, IRC logs, etc.
 - http://synerscope.com/products
 


Thanks for the interesting links, bank4tomorrow is total NWO banking cartel bullshit.  This cashless society is being forced on us more and more now.  Have you also noticed that more and more blogs are using mandatory Facebook login so you can't even anonymously post comments on articles?  The corporations and government want to track our every move, the Bilderberg agenda is coming to fruition starting with Facebook and Google.  I hope Anon takes them down with #RefRef.....  Also this cashless society is being rammed through more quickly, but I don't think it will be that well accepted before the next global monetary reset when they want to force it on people.

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September 21, 2011, 04:32:39 AM
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So far it only works with 1 phone, 1 credit card (plus the fillable Google card) and only at the newest NFC readers in select locations.  Until Google can put updated NFC readers in every single spot there is a regular magnetic CC reader, and until they get all the credit/debit cards added to the app, it is just a dream.
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January 14, 2012, 04:31:39 PM
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So far it only works with 1 phone, 1 credit card (plus the fillable Google card) and only at the newest NFC readers in select locations.  Until Google can put updated NFC readers in every single spot there is a regular magnetic CC reader, and until they get all the credit/debit cards added to the app, it is just a dream.

Sprint Adds Google Wallet Into New NFC Capable Phones
http://www.darknet.org.uk/2012/01/sprint-adds-google-wallet-into-new-nfc-capable-phones/


"Google pushes its’ mobile payment solution ‘Wallet’ onto two new NFC capable phones – the Galaxy Nexus & LG Viper."
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January 14, 2012, 09:40:28 PM
 #18


Since I have tried both a bank payment app on an NFC-enabled phone and a QRcode-enabled bitcoin wallet, I would go with bitcoin + QR code on smart phones. The user experience is so much better.

The whole point of NFC is to use the phone, battery off, (when QR code cannot offer the same functionnality):  for public transportation applications or for small payments when the app does not require a personal code. The cost/benefit analysis for handset manufacturers is not in favor of NFC because simple QR code (or other optical codes) is sufficient in most cases.
I fail to see whats so great for bitcoin with NFC ?

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January 14, 2012, 10:33:21 PM
 #19

http://www.google.com/wallet/
So Google wallet is finally launching. Obviously it's still linked to flawed currencies and banking systems, but it could be a push for online and mobile payments, allowing other options like Bitcoin to ride the wave.

What do you think? Are there any projects to implement Bitcoin on Google wallet? how about exchanges from bitcoin to Google's "prepaid" card?

I suggest you immediately forward all your private keys to the NSA.
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January 15, 2012, 06:35:01 PM
 #20

Working the Bit-Pay booth at CES this last week, Stephen talked with someone from [redacted] large retailer who just got done testing Google wallet in their lab.. They said they were not too excited about it costing $500 per POS for proprietary hardware and then a 5% transaction fee for the privilege of using it and still being stuck with the fraud and privacy issues.

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