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Author Topic: eBay Officially Adds New ‘Virtual Currency’ Category to US Site  (Read 2503 times)
Mikerogers
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April 04, 2014, 01:33:10 PM
 #21

Ha I read an article about 'Paycoin' coming out and it honestly sounds good. As long as people can have their currency backed up I see no problem. Virtual currencies are the future and should be embraced by big companies/govts. This is the paycoin article http://www.panture.com/virtual-currencies-can-work/
the_poet (OP)
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April 04, 2014, 01:42:36 PM
 #22

The great news is they now allow trading it and, more importantly, since Paypal is theirs, they should finally stop this shame!

Under construction.
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April 04, 2014, 02:04:31 PM
 #23

The great news is they now allow trading it and, more importantly, since Paypal is theirs, they should finally stop this shame!

There is no sign that they are allowing the trade. Making a separate category is different from granting a permission.
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April 04, 2014, 02:07:39 PM
 #24

Is there a corresponding release from Paypal? If you can complete the purchase with Paypal its kind of a non-starter.

Still though with there track record I won't use them
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April 04, 2014, 02:13:55 PM
 #25

The great news is they now allow trading it and, more importantly, since Paypal is theirs, they should finally stop this shame!

There is no sign that they are allowing the trade. Making a separate category is different from granting a permission.

OK, but if logic isn't an opinion, creating a category for selling bitcoin would imply that bitcoin can be sold on eBay.

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April 04, 2014, 02:31:11 PM
 #26

Until they allow payment for goods and services by Bitcoin, I don't think this will move the needle that much.

As long as PayPal is tied to the hip of Ebay, it won't happen soon.

CharityAuction
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April 04, 2014, 02:34:10 PM
 #27

This will make selling bitcoins, hardware, etc.... much easier I imagine xD.

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April 04, 2014, 02:39:08 PM
 #28


Those prices are horrible...
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April 04, 2014, 03:09:00 PM
 #29

Until they allow payment for goods and services by Bitcoin, I don't think this will move the needle that much.

As long as PayPal is tied to the hip of Ebay, it won't happen soon.

Man, just a couple of months ago we were terrified by the fact that eBay and Paypal were declaring total war to Bitcoin, now they even have an ad hoc place to sell it. If that's not a huge step forward, I don't know what is.

Under construction.
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April 04, 2014, 03:18:14 PM
 #30

Until they allow payment for goods and services by Bitcoin, I don't think this will move the needle that much.

As long as PayPal is tied to the hip of Ebay, it won't happen soon.

Man, just a couple of months ago we were terrified by the fact that eBay and Paypal were declaring total war to Bitcoin, now they even have an ad hoc place to sell it. If that's not a huge step forward, I don't know what is.

This is not news.  They added this category to the UK site a few months ago.  This is just addition to the US site now.

CharityAuction
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April 04, 2014, 03:23:55 PM
 #31

Man, just a couple of months ago we were terrified by the fact that eBay and Paypal were declaring total war to Bitcoin, now they even have an ad hoc place to sell it. If that's not a huge step forward, I don't know what is.

Just a few days ago they banned a number of users for dealing with BTC.
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April 04, 2014, 04:00:00 PM
 #32


This is not news.  They added this category to the UK site a few months ago.  This is just addition to the US site now.

They indeed added it a few months ago, but it did not last long, the category was removed after two or three weeks.
Perhaps they just wanted to test it? So now this is news.
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April 04, 2014, 04:04:20 PM
 #33

I expected bigger change in the BTC rate...

Frequently in the last month CoinDesk has had more than a page worth of "Good news" headlines in a day, "it" is happening, BUT the China FUD has been overwhelming it.

News never really affect the Bitcoin price. Bad news serves as catalysts when market is in bear-mode while good news have no effects, and vice versa for bull markets.

But I do believe that with all these accumulated and almost ignored good news, the next uptrend will be quite strong.

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April 04, 2014, 04:44:54 PM
 #34

The "virtual currency" section is just like the UK section of the same name.  it is a classified ads only section where there is not buyer protection.  I would believe that users are free to make their own deals.  However, I am sure that PayPal will still freeze seller's accounts and honor buyers' dispute.  I would beware for now until PayPal releases an a statement that they will allow cyptocurrency transfers (unlikely).  This makes these listings as worse than craigslist and localbitcoin.

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April 04, 2014, 05:05:47 PM
 #35

Bitcoin will be big when amazon.com accepts BTC









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April 04, 2014, 09:05:31 PM
 #36

Yeah Definlty get bit and do you think ebay will have no choice to implement and see they will lose to them once they are getting more customers then them or they wont care.  I wanna see how much Pride ebay and paypal have.

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April 04, 2014, 09:25:38 PM
 #37

Yeah Definlty get bit and do you think ebay will have no choice to implement and see they will lose to them once they are getting more customers then them or they wont care.  I wanna see how much Pride ebay and paypal have.

I don't think they will accept BTC, as the fact they will charge "transaction fees" and we are smarter than that and they know it. So they're going to have to rename there ridiculous fees something else to keep raking in the cash Tongue

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April 04, 2014, 10:23:20 PM
 #38

Until they sort the paypal fraud chargebacks it wont really matter. People will still get scammed out of their coins no doubt.

Have they ever heard of the block chain ?

Block chain screenshot + screen shot of the buyer supplying his address = scam proof.

Ahh chargeback... Well... They could only allow paypal account linked to a bank account to buy cryptos.
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April 04, 2014, 11:23:27 PM
 #39

I expected bigger change in the BTC rate...
For the love of all that is holy, STOP worshipping the fiat exchange rate!!!

That rate is WRONG to begin with because it assigns a monetary value to fiat greater than 0!

Give the world time to figure out just how obsolete fiat is, the exchange rate will correct itself. This will take years, not days, by the way.

haha... love the enthusiasm, Beliathon.  (Obviously fiat is still
worth something because you can buy stuff with it, but
we're on the right track.)

OP, yes it is absolutely huge news.  Hopefully they will handle
it well - for example, transfers in BTC should be posed
within ebay so if there's any contention, a false chargeback
in fiat would not occur.


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April 04, 2014, 11:26:31 PM
 #40

thats great news but not huge definitely
bitcoin is growing nice
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