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Author Topic: This is news about Braintree ***NOT*** PayPal/eBay. Let's not forget that.  (Read 1952 times)
CoinDiver
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September 10, 2014, 02:29:14 PM
 #21

Coinbase give them a easy safe way in. If it works out, they'll buy out coinbase. If it doesn't work out, they'll cut ties and be out very little. It's a smart business plan.

http://mises.org/daily/3229
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promojo
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September 10, 2014, 02:48:03 PM
 #22

Coinbase give them a easy safe way in. If it works out, they'll buy out coinbase. If it doesn't work out, they'll cut ties and be out very little. It's a smart business plan.

PayPal to buy Coinbase?  That is a scary thought....  Seriously - I think that is the only way for PayPal to remain a business unit as a whole moving forward (5-10 years).
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September 10, 2014, 02:54:55 PM
 #23

Coinbase give them a easy safe way in. If it works out, they'll buy out coinbase. If it doesn't work out, they'll cut ties and be out very little. It's a smart business plan.

PayPal to buy Coinbase?  That is a scary thought....  Seriously - I think that is the only way for PayPal to remain a business unit as a whole moving forward (5-10 years).

The way I see it, PayPal can adapt Bitcoin and make the best of it, albeit with smaller profits, or.... Paypal can ignore and get smashed by it later down the road putting it out of business.  I think Paypal has chosen "if you can't beat them, then join them" in a proactive decision. 

And yes, if they don't buy Coinbase, they are going to buy somebody. 

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September 10, 2014, 02:56:43 PM
 #24

I don't understand how bitcoins could be implemented into Paypal, for example I can add some $ to my Paypal account using btc?
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September 10, 2014, 03:27:34 PM
 #25

I think "precursor" is the word you are looking for.
This. They are testing the waters. 2015, you better got your cheap bitcoins already.
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September 10, 2014, 03:29:22 PM
 #26

I don't understand how bitcoins could be implemented into Paypal, for example I can add some $ to my Paypal account using btc?

They give you USD for your BTC you send into their wallet. Other questions ?
CoinDiver
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September 10, 2014, 03:34:17 PM
 #27

I don't understand how bitcoins could be implemented into Paypal, for example I can add some $ to my Paypal account using btc?

They give you USD for your BTC you send into their wallet. Other questions ?

I have not seen anything specifically addressing implementation. Please cite a source.

http://mises.org/daily/3229
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cozk
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September 10, 2014, 05:13:49 PM
 #28

I don't understand how bitcoins could be implemented into Paypal, for example I can add some $ to my Paypal account using btc?

They give you USD for your BTC you send into their wallet. Other questions ?

I have not seen anything specifically addressing implementation. Please cite a source.
Not saying that this is what they WILL do. Saying that is what they COULD do. Because the guy asked how it could be done.

Cite source lol.
CoinDiver
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September 10, 2014, 05:20:51 PM
 #29

I don't understand how bitcoins could be implemented into Paypal, for example I can add some $ to my Paypal account using btc?

They give you USD for your BTC you send into their wallet. Other questions ?

I have not seen anything specifically addressing implementation. Please cite a source.
Not saying that this is what they WILL do. Saying that is what they COULD do. Because the guy asked how it could be done.

Cite source lol.

OK, so you pulled it out of your ass. Got it.

There is a number of ways they could implement it. It could be used as a deposit method. This would be a net negative for exchange rate. That could also allow it as a withdrawal method. A net positive. I would like to see paypal accounts denominated in BTC. Just like others can pay you USD using their CAD (for example). Paypal does the exchange, and take a cut on that as well as the payment. This would be a very serious positive for the price of bitcoin.

http://mises.org/daily/3229
BTC:1PEyEKyVZgUvV4moXvCD5rQN21QETGPpLc
promojo
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September 10, 2014, 05:21:21 PM
 #30

For some reason I don't think PayPal will announce officially on their end in 2015... that is just my take - this is still years away.
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September 10, 2014, 05:35:34 PM
 #31

I guess you can find a troll with every positive news release......
cozk
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September 11, 2014, 01:10:22 AM
 #32

I don't understand how bitcoins could be implemented into Paypal, for example I can add some $ to my Paypal account using btc?

They give you USD for your BTC you send into their wallet. Other questions ?

I have not seen anything specifically addressing implementation. Please cite a source.
Not saying that this is what they WILL do. Saying that is what they COULD do. Because the guy asked how it could be done.

Cite source lol.

OK, so you pulled it out of your ass. Got it.

There is a number of ways they could implement it. It could be used as a deposit method. This would be a net negative for exchange rate. That could also allow it as a withdrawal method. A net positive. I would like to see paypal accounts denominated in BTC. Just like others can pay you USD using their CAD (for example). Paypal does the exchange, and take a cut on that as well as the payment. This would be a very serious positive for the price of bitcoin.

Yes i pulled that out of my ass because that was the guy's question. I answered that way because the question is retarded.
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September 11, 2014, 04:20:33 AM
 #33

This looks like Braintree news.. Nothing in relation to PayPal/eBay.  This will allow merchants to accept Bitcoin payments via their mobile app..... FYI - let's not get too excited about this.
Right. All Braintree is doing is adding the ability to use Coinbase Bitcon->fiat conversions to Braintree's shopping cart program. Braintree isn't handling Bitcoins at all.

It would be better if Braintree were handling Bitcoins themselves.  Coinbase seems sketchy. Has anybody found out where they really are?  Their published addresses are a mail drop on Market St. in SF and somebody's apartment.
promojo
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September 11, 2014, 06:29:50 PM
 #34

It would be better if Braintree were handling Bitcoins themselves.  Coinbase seems sketchy. Has anybody found out where they really are?  Their published addresses are a mail drop on Market St. in SF and somebody's apartment.

Why are bitcoin companies so secretive about their address?  Notice how like 90% of any bitcoin'ish company does not post that information on their website?

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September 11, 2014, 07:44:51 PM
 #35

It would be better if Braintree were handling Bitcoins themselves.  Coinbase seems sketchy. Has anybody found out where they really are?  Their published addresses are a mail drop on Market St. in SF and somebody's apartment.

Why are bitcoin companies so secretive about their address?  Notice how like 90% of any bitcoin'ish company does not post that information on their website?



They probably don't want people watching their Bitcoin holdings.  It's likely they feel a need for privacy at this time and I respect that.  I'm sure some people would suggest there is reason for them to be more transparent but I'm sure there is a good argument/discussion to be had on the matter.
minerpumpkin
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September 11, 2014, 10:26:14 PM
 #36

This looks like Braintree news.. Nothing in relation to PayPal/eBay.  This will allow merchants to accept Bitcoin payments via their mobile app..... FYI - let's not get too excited about this.

Yeah sure, but it effectively allows all companies who work together with Braintree, to accept Bitcoin in the future. It just needs to transcend through the different levels of service providers up to the merchants that deal with the customers!

I should have gotten into Bitcoin back in 1992...
dankkk
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September 11, 2014, 10:38:13 PM
 #37

It would be better if Braintree were handling Bitcoins themselves.  Coinbase seems sketchy. Has anybody found out where they really are?  Their published addresses are a mail drop on Market St. in SF and somebody's apartment.

Why are bitcoin companies so secretive about their address?  Notice how like 90% of any bitcoin'ish company does not post that information on their website?


They use a different address for each transaction. This is how they keep track of when a customer pays for their order. Also most companies will end up selling their bitcoin as soon as coinbase/bitpay allows so their address is kind of a moot point.
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September 12, 2014, 12:12:35 AM
 #38

Big news, just not ATH news.
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