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Author Topic: The Death Of Money (Article)  (Read 761 times)
forexmasterja
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October 21, 2011, 10:05:18 AM
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Please check out his interesting article that I came across, it mentions bitcoin as an alternative.

http://www.techradar.com/news/phone-and-communications/mobile-phones/the-death-of-money-1033374?src=rss&attr=all

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Bitcoin: An Idea Worth Spending


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October 21, 2011, 11:23:58 AM
 #2

Please check out his interesting article that I came across, it mentions bitcoin as an alternative.

http://www.techradar.com/news/phone-and-communications/mobile-phones/the-death-of-money-1033374?src=rss&attr=all

Here it is!

Quote
PayPal's Director of Merchant Services, Bill Zielke, reports that 46 per cent of online consumers have used online payments such as PayPal within the last year, and the trend is definitely upwards. According to Juniper research, the mobile payments market will reach $670 billion (£420 billion) by 2015.

Aside from the chargeback issue, PayPal had no choice but to alienate Bitcoin. No way did they want to bring attention to merchants that there's a zero percent fee option oppose to their three percent grab feast.

Thanks for the article.

Bruno
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Let's talk governance, lipstick, and pigs.


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October 21, 2011, 12:07:27 PM
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The author feels like he's trying to defend bitcoin, but doesn't know where to go other than the standard FUD. I wish they would emphasize the fact that bitcoin is not anything like FB credits. He implies that bitcoin can be shut down by the USA simply by shutting down MtGox as easily as FB could be shutdown. He ignores the fact that exchanges are not even needed. They are merely a convenience.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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October 21, 2011, 12:23:46 PM
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The author feels like he's trying to defend bitcoin, but doesn't know where to go other than the standard FUD. I wish they would emphasize the fact that bitcoin is not anything like FB credits. He implies that bitcoin can be shut down by the USA simply by shutting down MtGox as easily as FB could be shutdown. He ignores the fact that exchanges are not even needed. They are merely a convenience.

Bitcoin doesnt have a 30% fee like facebook credits either.

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