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Author Topic: Eric Schmidt, Google approves of Bitcoin. Go long.  (Read 1531 times)
Jon
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March 01, 2012, 07:25:36 PM
 #1

Only when a powerful man such as Eric Schmidt and his company notices the innovation that is Bitcoin but avoids it because of legal pedantry, do you know that this is the future.

This should be setting a positive precedent going forward. I am predicting steady gains over the long-term and gains in the short-term.

The Communists say, equal labour entitles man to equal enjoyment. No, equal labour does not entitle you to it, but equal enjoyment alone entitles you to equal enjoyment. Enjoy, then you are entitled to enjoyment. But, if you have laboured and let the enjoyment be taken from you, then – ‘it serves you right.’ If you take the enjoyment, it is your right.
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March 01, 2012, 08:01:31 PM
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i think Eric tried to be as much politically correct when mentioned Bitcoin to not disturb too much their own banking partners
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March 01, 2012, 10:17:18 PM
 #3

Eric Schmidt's enthusiasm for Bitcoin was very clear.

Eric reminded me of how Steve Jobs dismissed the idea of a tablet, about five years ago when someone asked whether Apple was going to produce one. Jobs said something like "We've been looking at tablets, but we can't find a way to do it for under $500 that wouldn't be rubbish". He chose his words carefully, to start sowing the idea that there would one day be an Apple tablet, and it would be great, but expect it to be expensive.

I think the "real message" behind Schmid's dismissal of Bitcoin is this: "Bitcoin is so cool. We wish we could do it at Google, but it's difficult politically. We sure hope others will make it happen."

Google already did a great service by writing the Android library for Bitcoin, and Schmidt's endorsement is icing on the cake.
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March 01, 2012, 11:42:16 PM
 #4

Quote
10:36 am Question: If it comes to real democracy, payment has to be peer-to-peer. Would you like to know about my technology called FairCash?

10:37 am Answer: Are you familiar with BitCoin? There are some issues with peer-to-peer money. In most cases it's illegal, besides that it's a great idea. We had our own proposal called Google Bucks, but we didn't want to get into these issues. Most of these systems will have regulatory issues.

http://live.theverge.com/Event/Eric_Schmidt_keynote_at_MWC_2012?Page=2

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stochastic
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March 02, 2012, 02:07:45 AM
 #5

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Questioner:  Would you like to know about my technology called FairCash?

Schmidt: Are you familiar with BitCoin?

http://live.theverge.com/Event/Eric_Schmidt_keynote_at_MWC_2012?Page=2

The questioner's reply was
Quote
Bitcoin is crazy.

I think the questioner is mad because there is a free alternative to his  product that was created years ago and has an organic user base.  The only people that know about FairCash now is Bitcoin users because both terms were used in the same breath.

Introducing constraints to the economy only serves to limit what can be economical.
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