Ebay CEO serious about bitcoin

[Lethn]

That CEO like others have been incredibly two-faced about Bitcoin because he says one thing then his company does all kinds of crap to the people who actually want to trade it, at least with guys like Peter Schiff we know he did it purely for business reasons, companies are going to have to switch to Bitcoin just to be competitive.

[dadaas]

That CEO like others have been incredibly two-faced about Bitcoin because he says one thing then his company does all kinds of crap to the people who actually want to trade it, at least with guys like Peter Schiff we know he did it purely for business reasons, companies are going to have to switch to Bitcoin just to be competitive.

It is just difference between business and private life. He can own as much BTC as he wants and support BTC but if company is not supporting or it is against ToS then they will screw users who deal with BTC. But I look at this news as good one and BTC will sure expand it's market with eBay and Amazon...

[Lethn]

Oh yeah, I know that, but you have all these people now doing a total reversal on their opinions about Bitcoin the moment they see them making tons of money, it's a bit like when I've seen people attacking creative people etc. when they're learning or they aren't making any money but when they hit it big all of a sudden they were with them from the very start.

Actually, I think that's a good metaphor, Bitcoin is a bit like an under appreciated artist

[Parazyd]

Oh yeah, I know that, but you have all these people now doing a total reversal on their opinions about Bitcoin the moment they see them making tons of money, it's a bit like when I've seen people attacking creative people etc. when they're learning or they aren't making any money but when they hit it big all of a sudden they were with them from the very start.

Actually, I think that's a good metaphor, Bitcoin is a bit like an under appreciated artist

So if Bitcoin was to die, it would be worth a lot more?

[db]

Oh yeah, I know that, but you have all these people now doing a total reversal on their opinions about Bitcoin the moment they see them making tons of money, it's a bit like when I've seen people attacking creative people etc. when they're learning or they aren't making any money but when they hit it big all of a sudden they were with them from the very start.

Actually, I think that's a good metaphor, Bitcoin is a bit like an under appreciated artist

So if Bitcoin was to die, it would be worth a lot more?

If Satoshi dies then Bitcoin will be worth a lot more ... oh, so that's why he is anonymous.

[johnyj]

This is the trick: Large enterprises first buy thousands of bitcoins, then accept bitcoin to raise its exchange rate, then dump them to make a 10x profit  

[Ron~Popeil]

This is the trick: Large enterprises first buy thousands of bitcoins, then accept bitcoin to raise its exchange rate, then dump them to make a 10x profit  

Individuals do that too. The only difference is scale. Whatever their motives are it is good for bit coin.

[bryant.coleman]

If Satoshi dies then Bitcoin will be worth a lot more ... oh, so that's why he is anonymous.

According to rpitella, Satoshi owns some BTC980,000. That is still less than 8% of all the Bitcoins in circulation. And we are not sure whether he is having the private keys to all of his wallets. Most of the coins haven't been moved for almost 3 years now. That said, who would murder someone else for just 8% rise in their net wealth?

[Parazyd]

If Satoshi dies then Bitcoin will be worth a lot more ... oh, so that's why he is anonymous.

According to rpitella, Satoshi owns some BTC980,000. That is still less than 8% of all the Bitcoins in circulation. And we are not sure whether he is having the private keys to all of his wallets. Most of the coins haven't been moved for almost 3 years now. That said, who would murder someone else for just 8% rise in their net wealth?

You're talking like 8% is nothing. It's way too much. Are you saying you wouldn't want to have a million BTC?

[notabot]

I got an eBay policy violation a couple of weeks ago for saying I'd accept btc for payment. Also I had my PayPal account suspended a few months ago for selling crypto - I had to fill in AML documentation and file a statutory declaration to restore my account.

eBay charges about 10% in fees, including shipping as of a recent change in Terms and Conditions. Paypal holds your funds for several days when transferring from your account to your bank, while it sits in their massive slush fund accumulating them interest. These are both predatory corporate entities who suck the life out of small business (large ones too) and individuals. Why? Because they can, because they have no competition, they are monopolies unto themselves.

I would like nothing better than to see real competition to eBay. Preferably an auction site that accepts both crypto and PayPal, but one that dumps the fiat from PayPal and pays you out in the crypto of your choice.

So I don't support eBay accepting bitcoin, or perhaps I should phrase it better, I'd like to take my business elsewhere. We shouldn't encourage crypto adoption of an entity that has been openly hostile to those who accept and sell bitcoin.

Just my 2 satoshis.

[Ron~Popeil]

I got an eBay policy violation a couple of weeks ago for saying I'd accept btc for payment. Also I had my PayPal account suspended a few months ago for selling crypto - I had to fill in AML documentation and file a statutory declaration to restore my account.

eBay charges about 10% in fees, including shipping as of a recent change in Terms and Conditions. Paypal holds your funds for several days when transferring from your account to your bank, while it sits in their massive slush fund accumulating them interest. These are both predatory corporate entities who suck the life out of small business (large ones too) and individuals. Why? Because they can, because they have no competition, they are monopolies unto themselves.

I would like nothing better than to see real competition to eBay. Preferably an auction site that accepts both crypto and PayPal, but one that dumps the fiat from PayPal and pays you out in the crypto of your choice.

So I don't support eBay accepting bitcoin, or perhaps I should phrase it better, I'd like to take my business elsewhere. We shouldn't encourage crypto adoption of an entity that has been openly hostile to those who accept and sell bitcoin.

Just my 2 satoshis.

I agree with how bad ebay/paypal is, but the exposure is always a good thing.

[PatMan]

I got an eBay policy violation a couple of weeks ago for saying I'd accept btc for payment. Also I had my PayPal account suspended a few months ago for selling crypto - I had to fill in AML documentation and file a statutory declaration to restore my account.

eBay charges about 10% in fees, including shipping as of a recent change in Terms and Conditions. Paypal holds your funds for several days when transferring from your account to your bank, while it sits in their massive slush fund accumulating them interest. These are both predatory corporate entities who suck the life out of small business (large ones too) and individuals. Why? Because they can, because they have no competition, they are monopolies unto themselves.

I would like nothing better than to see real competition to eBay. Preferably an auction site that accepts both crypto and PayPal, but one that dumps the fiat from PayPal and pays you out in the crypto of your choice.

So I don't support eBay accepting bitcoin, or perhaps I should phrase it better, I'd like to take my business elsewhere. We shouldn't encourage crypto adoption of an entity that has been openly hostile to those who accept and sell bitcoin.

Just my 2 satoshis.

+1

Screw PayPal - Bitcoin does not need it. Bitcoin can wipe out PayPal completely & the trading world, as well as the end user/buyer, will be better off for it. PayPal are just trying to cash in, they will charge users for crypto usage which defeats the object of using it in the first place. Ebay/Paypal are an evil entity that will be replaced by Bitcoin & other online market stores - the sooner this happens the better for everyone.

[bryant.coleman]

I agree with how bad ebay/paypal is, but the exposure is always a good thing.

Ebay is one of the most popular online retailing sites in the world right now. Even if we agree with the fact that their services are bad, there are large number of people who disagree with our opinion . And right now, any type of adoption by anyone will be good for the Bitcoin.

[kjlimo]

This is the trick: Large enterprises first buy thousands of bitcoins, then accept bitcoin to raise its exchange rate, then dump them to make a 10x profit  

You say trick, I say business model!

[smashingpumpkin]

Well, it now became clear that it is "the next  big thing". This is the reason why im personally here. Wanna join the party!

[2dogs]

I got an eBay policy violation a couple of weeks ago for saying I'd accept btc for payment. Also I had my PayPal account suspended a few months ago for selling crypto - I had to fill in AML documentation and file a statutory declaration to restore my account.

eBay charges about 10% in fees, including shipping as of a recent change in Terms and Conditions. Paypal holds your funds for several days when transferring from your account to your bank, while it sits in their massive slush fund accumulating them interest. These are both predatory corporate entities who suck the life out of small business (large ones too) and individuals. Why? Because they can, because they have no competition, they are monopolies unto themselves.

I would like nothing better than to see real competition to eBay. Preferably an auction site that accepts both crypto and PayPal, but one that dumps the fiat from PayPal and pays you out in the crypto of your choice.

So I don't support eBay accepting bitcoin, or perhaps I should phrase it better, I'd like to take my business elsewhere. We shouldn't encourage crypto adoption of an entity that has been openly hostile to those who accept and sell bitcoin.

Just my 2 satoshis.

+1

Screw PayPal - Bitcoin does not need it. Bitcoin can wipe out PayPal completely & the trading world, as well as the end user/buyer, will be better off for it. PayPal are just trying to cash in, they will charge users for crypto usage which defeats the object of using it in the first place. Ebay/Paypal are an evil entity that will be replaced by Bitcoin & other online market stores - the sooner this happens the better for everyone.

Spot on!

[ClutchThese]

Thanks OP for the link. Once eBay, PayPal and Amazon add Bitcoin to their sites... this rocket will be out of our atmosphere! I'm super stoked to see what this summer/fall season brings leading us into our holiday shopping season. This really is the beginning of something huge and we are leading the way!

[freedomno1]

I agree with how bad ebay/paypal is, but the exposure is always a good thing.

Ebay is one of the most popular online retailing sites in the world right now. Even if we agree with the fact that their services are bad, there are large number of people who disagree with our opinion . And right now, any type of adoption by anyone will be good for the Bitcoin.

That is true presently but as more people become dissatisfied with ebay and we start seeing more services we might see a change.
I for one would be interested in a Bitcoin equivalent of Ebay and Paypal together but I'm sure a few ideas are rolling around to do that already.

[BitcoinLlama]

eBay is late to the game. Has anyone noticed how unintuitive their website is by the way? It is like impossible to manuever....

[msb17]

For anyone looking for an alternative to ebay, have a look at https://cryptothrift.com.

In the end, if we want an alternative to ebay, we need to support alternative market places.

The way I deal with this, I list my items on both ebay and cryptothrift and include the a statmemnt in my ebay listings that guides people to the corresponding crypto thrift listing if they wish to use bitcoins for payment.

I am probably breaking an ebay rule somewhere  ... but I haven't been pulled up by ebay about it yet, so I keep doing it