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blatchcorn
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June 12, 2014, 07:55:05 PM |
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If this is survey is administered to all their users (mainstreamers) pay pal will realise that 95% of the population sees no need for bitcoin
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ljudotina
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Activity: 1260
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June 12, 2014, 07:59:52 PM |
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I'm afraid it's true...alot of ppl will pres: "i have no god damn idea what BTC is"...
But, nevertheless, PayPal has eye on BTC from same reason we all have...it's useful to them (fast and cheap transactions and moveing founds all over the world).
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deadley (OP)
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Activity: 2562
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June 12, 2014, 08:11:32 PM |
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I'm afraid it's true...alot of ppl will pres: "i have no god damn idea what BTC is"...
But, nevertheless, PayPal has eye on BTC from same reason we all have...it's useful to them (fast and cheap transactions and moveing founds all over the world).
Best feature of Bitcoin Cheap transaction fee, that is the reason everyone want to use. |
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ShakyhandsBTCer
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Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 12, 2014, 10:39:10 PM |
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If this is survey is administered to all their users (mainstreamers) pay pal will realise that 95% of the population sees no need for bitcoin
That would be true today but that is only because people are so accustomed to paying the hidden "tax" of using payment processors that process paypal, credit/debit card transactions and the like in the form of higher prices. |
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cdog
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June 12, 2014, 11:27:27 PM |
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They know what the future is and they are trying to get a piece of it these guys arent dumb
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ljudotina
Legendary
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Activity: 1260
Merit: 1029
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June 12, 2014, 11:44:52 PM |
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I'm afraid it's true...alot of ppl will pres: "i have no god damn idea what BTC is"...
But, nevertheless, PayPal has eye on BTC from same reason we all have...it's useful to them (fast and cheap transactions and moveing founds all over the world).
Best feature of Bitcoin Cheap transaction fee, that is the reason everyone want to use. Exactly. Even PayPal can make money out of it. It's common misake when ppl think that PayPal and BTC go one against another. If PayPal embraces BTC it can make way more money that it's making now. Why do ppl really think that PayPal want to pay all that money to banks and credit card houses? Hell no! When they get chance they will grab BTC and wont let go. I'm guesing that only thing right now that's holding em back are regulations. Once that's clear enough, they will jump on it like a teenager boy on porn actress. |
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ljudotina
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Activity: 1260
Merit: 1029
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June 12, 2014, 11:48:24 PM |
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If this is survey is administered to all their users (mainstreamers) pay pal will realise that 95% of the population sees no need for bitcoin
That would be true today but that is only because people are so accustomed to paying the hidden "tax" of using payment processors that process paypal, credit/debit card transactions and the like in the form of higher prices. People arent that stupid. Everyone knows that they are paying and how much are paying. PayPal is not hiding it. It clearly shows exactly how much it takes from every transaction. Thing is, PayPal has something that buyers want....buyer protection. So ppl are ready to pay large fees to feel safe, and PayPal knows it (paying for safety is really pretty much normal thing for our civilization). Anyway, PP will enbrace BTC and it will enable them to lower fees and become even stronger than they are now. You will have relativly lower fees and safety. Standard "Joe" dreams of it every night. |
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Cranky4u
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June 13, 2014, 12:53:36 AM |
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Paypal will continue to act as a middle man with the associated fees.
Process will probably go:
1. Does end recipient accept BTC? If yes, charge 10% BTC transaction fee on top of original invoice. If no, charge 10% BTC transaction fee plus 5% fiat exchange fee.
2. Send out invoice.
3. Accept BTC.
4. Does BTC need conversion to fiat? Yes, convert to cash. No, transfer to slush wallet.
5. Hold BTC / fiat for at least 3 days. Trade on short term markets for 20% profit over 3 days - effectively legalised loan sharking.
6. Transfer BTC / fiat to recipient.
Eitherway, paypal wins!
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coinmaster222
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June 13, 2014, 07:02:22 PM |
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They know what the future is and they are trying to get a piece of it these guys arent dumb
Sure those guys aren't dumb. But they have to think twice when they make changes to such a big website. Introducing a new currency to it would be hard because of their curent user base. They maybe would have to reshape their bussines model a bit in order to introduce bitcoin. Not something easy to do. |
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monsterbitty
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June 13, 2014, 07:10:21 PM |
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I am not sure the world knows about bitcoin in full. If they survey worldwide, they get 90% people saying no need of bitcoin.
Wonder if they integrate, the rate will go massive.
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joshraban76
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June 13, 2014, 07:41:13 PM |
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They know what the future is and they are trying to get a piece of it these guys arent dumb
+1 I'm pretty sure that PP will some how have unity with Bitcoin, it's just a matter of time. |
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jjc326
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June 13, 2014, 07:42:43 PM |
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They know what the future is and they are trying to get a piece of it these guys arent dumb
+1 I'm pretty sure that PP will some how have unity with Bitcoin, it's just a matter of time. Well I'd be shocked if Paypal had "unity" with Bitcoin. Bitcoin is meant to be an independent thing, not controlled by Paypal. I guess Paypal could freakin buy enough miners to get 51% and then change the code to make it more how they want it, which would piss everyone off. |
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Beliathon
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June 13, 2014, 07:43:50 PM |
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From the article: "The survey asks "how likely are you to recommend each to a friend or acquaintance?", with a scale from 0 (not at all likely) to 10 (extremely likely).
The two services they ask about are PayPal, and of course, Bitcoin.
While some may view this overly optimistically, thinking this means PayPal will begin integrating Bitcoin soon, it's likely more of a way for PayPal to keep tabs on what's quickly becoming their top competition." This isn't paypal trying to "integrate" Bitcoin, it's paypal assessing the THREAT of Bitcoin. Paypal is an awfully greedy company, we shouldn't be trying to get Bitcoin involved with Paypal, we should be lobbying to get eBay to adopt Bitcoin and/or integrate with a reputable service like Coinbase so we no longer need paypal for eBay. I guess Paypal could freakin buy enough miners to get 51% and then change the code to make it more how they want it, which would piss everyone off. No, they can't - and won't. |
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Este Nuno
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Activity: 826
Merit: 1000
amarha
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June 13, 2014, 07:45:29 PM |
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It kind of seems like they're just putting in bitcoin as a wildcard based on whatever the user chose. It could just as easily have been Square, or Dwolla or something, right?
It's still good that bitcoin is included, but it's not like it's a specific survey just about bitcoin, right?
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Beliathon
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June 13, 2014, 08:28:42 PM |
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It kind of seems like they're just putting in bitcoin as a wildcard based on whatever the user chose. It could just as easily have been Square, or Dwolla or something, right? Wrong. Bitcoin is nothing like Square or Dwolla. They are not even close to being in the same league. |
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ShakyhandsBTCer
Sr. Member
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Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 13, 2014, 10:45:34 PM |
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If this is survey is administered to all their users (mainstreamers) pay pal will realise that 95% of the population sees no need for bitcoin
That would be true today but that is only because people are so accustomed to paying the hidden "tax" of using payment processors that process paypal, credit/debit card transactions and the like in the form of higher prices. People arent that stupid. Everyone knows that they are paying and how much are paying. PayPal is not hiding it. It clearly shows exactly how much it takes from every transaction. Thing is, PayPal has something that buyers want....buyer protection. So ppl are ready to pay large fees to feel safe, and PayPal knows it (paying for safety is really pretty much normal thing for our civilization). Anyway, PP will enbrace BTC and it will enable them to lower fees and become even stronger than they are now. You will have relativly lower fees and safety. Standard "Joe" dreams of it every night. You would be surprised to know how many people think it is free to process Credit Card transactions. If you had never sold or received money with paypal then you may not have looked into how much they charge merchants. |
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jonald_fyookball
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Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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June 13, 2014, 10:54:23 PM |
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Paypal is an awfully greedy company
Every company is greedy according to you. |
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Este Nuno
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amarha
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June 14, 2014, 07:10:11 AM |
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It kind of seems like they're just putting in bitcoin as a wildcard based on whatever the user chose. It could just as easily have been Square, or Dwolla or something, right? Wrong. Bitcoin is nothing like Square or Dwolla. They are not even close to being in the same league. Of course bitcoin is nothing like Square or Dwolla. I'm saying that the survey is asking the same questions no matter what you pick in the initial questions. All they do is replace the word bitcoin with whatever you chose. |
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