BREAKING: PAY PAL INTEGRATES BITCOIN

[BrunesBTC45]

The last thing we need is more good news! Here we go to $300. 

I think bitcoin is a bit stable today compared to last week. Maybe $500 up by the end of the month.

[ShintoshiBTC]

The last thing we need is more good news! Here we go to $300. 

I think bitcoin is a bit stable today compared to last week. Maybe $500 up by the end of the month.

What do you consider when commenting like this? I mean are you seeing only the trend?

[MasterCasino]

so, that means Ebay is on the horizon ?

If ebay commits to this, it will be huge for btc. HUGE!

[wachtwoord]

so, that means Ebay is on the horizon ?

If ebay commits to this, it will be huge for btc. HUGE!

price will be manipulated down even further!   

[falllling]

so, that means Ebay is on the horizon ?

If ebay commits to this, it will be huge for btc. HUGE!

price will be manipulated down even further!   

correct, huge dumps!

[Hunyadi]

I'm a bit puzzled about the uncertainties about this news. Have there been any 'official' announcements yet? But it's no wonder the price went a bit down again, good news don't do anything for the price these days. Sad thing...

Yes there was an official announcement.

[wachtwoord]

so, that means Ebay is on the horizon ?

If ebay commits to this, it will be huge for btc. HUGE!

price will be manipulated down even further!   

correct, huge dumps!

I hope you know I'm joking around.

[hacknoid]

How will paypal handle returns bought with btc? 

My guess is they provide the escrow. Could operate an exchange?

They are testing it out on the Braintree platform. I've read some literature on the Braintree platform and I still am unclear on what it does. Of course /pheonix tears.

Braintree is a card reader and integration, now the tapping

Does anybody use touch payments yet, I feel like Braintree is testing it on their platform as a beta. See if they like how it works etc

It's crazy news, and rumour like, might be anything big for quite some time

Thinking about what Braintree is describing, it would make sense that you might have to load up a bitcoin wallet that is on your Paypal account, so that Paypal can effectively guarantee to the merchant that the coins are not going to be double-spent or anything.  This would actually remove any concern over the buy-at-the-counter scenario that people have seemed to be so concerned about, because Paypal would act as the guarantor meaning you could tap to pay and walk away, with no risk to the merchant.  In reality there is no risk to Paypal either in this scenario.  Coinbase would look after any conversion, so the merchant could receive payment in fiat, BTC or some combination.

[cypherdoc]

PayPal is going to needa  chunk of bitcoin in order to provide this service as well.

[notme]

PayPal is going to needa  chunk of bitcoin in order to provide this service as well.

No they won't.  If you actually look into it instead of prognosticating without information you would see that the only thing they are doing are allowing merchants who sign up with coinbase to integrate coinbase using the braintree API.  This will lead to more coinbase merchants, but Braintree/PayPal/Ebay is not taking any bitcoin risk at this point.

[cypherdoc]

PayPal is going to needa  chunk of bitcoin in order to provide this service as well.

No they won't.  If you actually look into it instead of prognosticating without information you would see that the only thing they are doing are allowing merchants who sign up with coinbase to integrate coinbase using the braintree API.  This will lead to more coinbase merchants, but Braintree/PayPal/Ebay is not taking any bitcoin risk at this point.

At this point, I probably know just as much as you do about it unless you'd like to prove me wrong. Anyways, I'm talking long term.

[notme]

PayPal is going to needa  chunk of bitcoin in order to provide this service as well.

No they won't.  If you actually look into it instead of prognosticating without information you would see that the only thing they are doing are allowing merchants who sign up with coinbase to integrate coinbase using the braintree API.  This will lead to more coinbase merchants, but Braintree/PayPal/Ebay is not taking any bitcoin risk at this point.

At this point, I probably know just as much as you do about it unless you'd like to prove me wrong.

Well, I've at least watched the announcement and read the blogs.

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin
https://www.braintreepayments.com/blog/goodbye-passwords-one-touch-hello-bitcoin

Anyways, I'm talking long term.

Like I said, prognosticating without information.

[cypherdoc]

PayPal is going to needa  chunk of bitcoin in order to provide this service as well.

No they won't.  If you actually look into it instead of prognosticating without information you would see that the only thing they are doing are allowing merchants who sign up with coinbase to integrate coinbase using the braintree API.  This will lead to more coinbase merchants, but Braintree/PayPal/Ebay is not taking any bitcoin risk at this point.

At this point, I probably know just as much as you do about it unless you'd like to prove me wrong.

Well, I've at least watched the announcement and read the blogs.

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin
https://www.braintreepayments.com/blog/goodbye-passwords-one-touch-hello-bitcoin

Anyways, I'm talking long term.

Like I said, prognosticating without information.

Hmmm, that's the same information I have.

What's wrong with prognosticating anyways?

[notme]

PayPal is going to needa  chunk of bitcoin in order to provide this service as well.

No they won't.  If you actually look into it instead of prognosticating without information you would see that the only thing they are doing are allowing merchants who sign up with coinbase to integrate coinbase using the braintree API.  This will lead to more coinbase merchants, but Braintree/PayPal/Ebay is not taking any bitcoin risk at this point.

At this point, I probably know just as much as you do about it unless you'd like to prove me wrong.

Well, I've at least watched the announcement and read the blogs.

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin
https://www.braintreepayments.com/blog/goodbye-passwords-one-touch-hello-bitcoin

Anyways, I'm talking long term.

Like I said, prognosticating without information.

Hmmm, that's the same information I have.

What's wrong with prognosticating anyways?

What's wrong is you are stating it as fact without any evidence.  If you labelled it as prognostication or expressed that it was merely an opinion, I wouldn't have called you out.  You know I've defended you countless times, but lately you've mostly just been a cocky ass perma bull troll.  There's nothing wrong with being a perma bull, but you'll get a lot more out of all the time you spend here if you work on dropping the cocky ass troll bit.

[cypherdoc]

PayPal is going to needa  chunk of bitcoin in order to provide this service as well.

No they won't.  If you actually look into it instead of prognosticating without information you would see that the only thing they are doing are allowing merchants who sign up with coinbase to integrate coinbase using the braintree API.  This will lead to more coinbase merchants, but Braintree/PayPal/Ebay is not taking any bitcoin risk at this point.

At this point, I probably know just as much as you do about it unless you'd like to prove me wrong.

Well, I've at least watched the announcement and read the blogs.

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin
https://www.braintreepayments.com/blog/goodbye-passwords-one-touch-hello-bitcoin

Anyways, I'm talking long term.

Like I said, prognosticating without information.

Hmmm, that's the same information I have.

What's wrong with prognosticating anyways?

What's wrong is you are stating it as fact without any evidence.  If you labelled it as prognostication or expressed that it was merely an opinion, I wouldn't have called you out.  You know I've defended you countless times, but lately you've mostly just been a cocky ass perma bull troll.  There's nothing wrong with being a perma bull, but you'll get a lot more out of all the time you spend here if you work on dropping the cocky ass troll bit.

What I said was no more speculative than 99.9% of what others have "prognosticated"  here in the Speculation Forum.  If you've depended on what I've said and lost money, I apologize for that.

This reminds me of the depths of 2011 when the price kept going down. People were all depressed and short tempered and I got alot of the same criticism you're venting on me right now.  That's Ok. I can take it. Perhaps instead of cocky ass troll, you might consider describing me as "repeatedly wrong"  on this down turn. That I could accept better and maybe what is what you really want to say.

[sgbett]

long term bulls arguing in the street? hopefully there will be blood. it really does feel like time....

[notme]

PayPal is going to needa  chunk of bitcoin in order to provide this service as well.

No they won't.  If you actually look into it instead of prognosticating without information you would see that the only thing they are doing are allowing merchants who sign up with coinbase to integrate coinbase using the braintree API.  This will lead to more coinbase merchants, but Braintree/PayPal/Ebay is not taking any bitcoin risk at this point.

At this point, I probably know just as much as you do about it unless you'd like to prove me wrong.

Well, I've at least watched the announcement and read the blogs.

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin
https://www.braintreepayments.com/blog/goodbye-passwords-one-touch-hello-bitcoin

Anyways, I'm talking long term.

Like I said, prognosticating without information.

Hmmm, that's the same information I have.

What's wrong with prognosticating anyways?

What's wrong is you are stating it as fact without any evidence.  If you labelled it as prognostication or expressed that it was merely an opinion, I wouldn't have called you out.  You know I've defended you countless times, but lately you've mostly just been a cocky ass perma bull troll.  There's nothing wrong with being a perma bull, but you'll get a lot more out of all the time you spend here if you work on dropping the cocky ass troll bit.

What I said was no more speculative than 99.9% of what others have "prognosticated"  here in the Speculation Forum.  If you've depended on what I've said and lost money, I apologize for that.

This reminds me of the depths of 2011 when the price kept going down. People were all depressed and short tempered and I got alot of the same criticism you're venting on me right now.  That's Ok. I can take it. Perhaps instead of cocky ass troll, you might consider describing me as "repeatedly wrong"  on this down turn. That I could accept better and maybe what is what you really want to say.

Everybody's doing it.... great reason to avoid intellectual rigor .  And no, I haven't depended on what you say.  As a former subscriber, I know your bitcoin advice is worthless because it is always the same.  I said what I wanted to say, but you are free to interpret it however you want to in order to preserve your ego.  I just miss the old cypherdoc who was still trying to figure things out.  This new cyperdoc who thinks he knows everything is annoying.  But maybe I just put too much importance on maintaining "beginners mind" (http://en.wikipedia.org/wiki/Shoshin).

[cypherdoc]

PayPal is going to needa  chunk of bitcoin in order to provide this service as well.

No they won't.  If you actually look into it instead of prognosticating without information you would see that the only thing they are doing are allowing merchants who sign up with coinbase to integrate coinbase using the braintree API.  This will lead to more coinbase merchants, but Braintree/PayPal/Ebay is not taking any bitcoin risk at this point.

At this point, I probably know just as much as you do about it unless you'd like to prove me wrong.

Well, I've at least watched the announcement and read the blogs.

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin
https://www.braintreepayments.com/blog/goodbye-passwords-one-touch-hello-bitcoin

Anyways, I'm talking long term.

Like I said, prognosticating without information.

Hmmm, that's the same information I have.

What's wrong with prognosticating anyways?

What's wrong is you are stating it as fact without any evidence.  If you labelled it as prognostication or expressed that it was merely an opinion, I wouldn't have called you out.  You know I've defended you countless times, but lately you've mostly just been a cocky ass perma bull troll.  There's nothing wrong with being a perma bull, but you'll get a lot more out of all the time you spend here if you work on dropping the cocky ass troll bit.

What I said was no more speculative than 99.9% of what others have "prognosticated"  here in the Speculation Forum.  If you've depended on what I've said and lost money, I apologize for that.

This reminds me of the depths of 2011 when the price kept going down. People were all depressed and short tempered and I got alot of the same criticism you're venting on me right now.  That's Ok. I can take it. Perhaps instead of cocky ass troll, you might consider describing me as "repeatedly wrong"  on this down turn. That I could accept better and maybe what is what you really want to say.

Everybody's doing it.... great reason to avoid intellectual rigor .  And no, I haven't depended on what you say.  As a former subscriber, I know your bitcoin advice is worthless because it is always the same.  I said what I wanted to say, but you are free to interpret it however you want to in order to preserve your ego.  I just miss the old cypherdoc who was still trying to figure things out.  This new cyperdoc who thinks he knows everything is annoying.  But maybe I just put too much importance on maintaining "beginners mind" (http://en.wikipedia.org/wiki/Shoshin).

There is not much intellectual rigor one can apply to the PayPal situation. We all know the same information, which at this point is minimal. Any prognostications one might apply are based on one's assessment of human action and game theory looking forward into the future. Yes, I don't think in the long run PayPal has any intention of sticking with Coinbase if they find out accepting Bitcoin is a viable situation.  They have the ability and capacity to bring it all in house. Otherwise, they would be forfeiting loads top what is in essence a start up competitor.

BTW, I'm curious. As a sub of mine when the price was $2-4, did you take my worthless advice? A generally accepted strategy around here is to hodl. Have you and how is that such a bad thing to recommend in retrospect? Much of what I was doing on my newsletter, and what I've admitted all along,  was hand holding trying not to have subs dump on the way up at 10, 20, 30... Did you?

[FNG]

 Yes, I don't think in the long run PayPal has any intention of sticking with Coinbase if they find out accepting Bitcoin is a viable situation.  They have the ability and capacity to bring it all in house. Otherwise, they would be forfeiting loads top what is in essence a start up competitor. 

Why leave a strong, experienced competitor, with a great reputation out there when you can buy them? They paid 800 million for braintree. Why not buy coinbase? Unless of course, coinbases investors get greedy and like a challenge?

[notme]

PayPal is going to needa  chunk of bitcoin in order to provide this service as well.

No they won't.  If you actually look into it instead of prognosticating without information you would see that the only thing they are doing are allowing merchants who sign up with coinbase to integrate coinbase using the braintree API.  This will lead to more coinbase merchants, but Braintree/PayPal/Ebay is not taking any bitcoin risk at this point.

At this point, I probably know just as much as you do about it unless you'd like to prove me wrong.

Well, I've at least watched the announcement and read the blogs.

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin
https://www.braintreepayments.com/blog/goodbye-passwords-one-touch-hello-bitcoin

Anyways, I'm talking long term.

Like I said, prognosticating without information.

Hmmm, that's the same information I have.

What's wrong with prognosticating anyways?

What's wrong is you are stating it as fact without any evidence.  If you labelled it as prognostication or expressed that it was merely an opinion, I wouldn't have called you out.  You know I've defended you countless times, but lately you've mostly just been a cocky ass perma bull troll.  There's nothing wrong with being a perma bull, but you'll get a lot more out of all the time you spend here if you work on dropping the cocky ass troll bit.

What I said was no more speculative than 99.9% of what others have "prognosticated"  here in the Speculation Forum.  If you've depended on what I've said and lost money, I apologize for that.

This reminds me of the depths of 2011 when the price kept going down. People were all depressed and short tempered and I got alot of the same criticism you're venting on me right now.  That's Ok. I can take it. Perhaps instead of cocky ass troll, you might consider describing me as "repeatedly wrong"  on this down turn. That I could accept better and maybe what is what you really want to say.

Everybody's doing it.... great reason to avoid intellectual rigor .  And no, I haven't depended on what you say.  As a former subscriber, I know your bitcoin advice is worthless because it is always the same.  I said what I wanted to say, but you are free to interpret it however you want to in order to preserve your ego.  I just miss the old cypherdoc who was still trying to figure things out.  This new cyperdoc who thinks he knows everything is annoying.  But maybe I just put too much importance on maintaining "beginners mind" (http://en.wikipedia.org/wiki/Shoshin).

There is not much intellectual rigor one can apply to the PayPal situation. We all know the same information, which at this point is minimal. Any prognostications one might apply are based on one's assessment of human action and game theory looking forward into the future. Yes, I don't think in the long run PayPal has any intention of sticking with Coinbase if they find out accepting Bitcoin is a viable situation.  They have the ability and capacity to bring it all in house. Otherwise, they would be forfeiting loads top what is in essence a start up competitor.

BTW, I'm curious. As a sub of mine when the price was $2-4, did you take my worthless advice? A generally accepted strategy around here is to hodl. Have you and how is that such a bad thing to recommend in retrospect? Much of what I was doing on my newsletter, and what I've admitted all along,  was hand holding trying not to have subs dump on the way up at 10, 20, 30... Did you?

Since you asked, my plan all along was to hold on to as much as I could.  As a sub of yours, I was hoping to be able to increase my holdings.  Instead, I paid you more than 10 BTC to be told what I already knew.  The other information in your newsletter was interesting and valuable, but I don't have anywhere near enough assets to be able to trade those markets without giving up my position in BTC.