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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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DiamondCardz
Legendary
 Offline
Activity: 1134
Merit: 1112
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September 08, 2014, 07:44:00 PM |
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Not bad. Now we just need PayPal itself to accept it and we've got something big. This is very, very good news though!
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BA Computer Science, University of Oxford
Dissertation was about threat modelling on distributed ledgers.
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murraypaul
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September 08, 2014, 08:45:18 PM
Last edit: September 08, 2014, 08:56:05 PM by murraypaul |
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It was announced at techcrunch today, they are using their huge subidiary Braintree initially to pilot it and partnering with coinbase.
So a more accurate headline would be PayPal doesn't adopt Bitcoin, one of its subsidiaries doesThis is a test balloon by eBay/PayPal, see what happens without risking any serious business. |
BTC: 16TgAGdiTSsTWSsBDphebNJCFr1NT78xFW
SRC: scefi1XMhq91n3oF5FrE3HqddVvvCZP9KB
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howardb (OP)
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September 09, 2014, 01:02:33 AM |
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It was announced at techcrunch today, they are using their huge subidiary Braintree initially to pilot it and partnering with coinbase.
So a more accurate headline would be PayPal doesn't adopt Bitcoin, one of its subsidiaries doesThis is a test balloon by eBay/PayPal, see what happens without risking any serious business. You could not be more wrong, it's Paypal that is absorbing Braintree tech not the other way around. In fact if you listen to the interview he says as much. You don't spend $800million on a company unless they have something you want, in in Paypals case it was a thoroughly modern and flexible payment api. Paypals current api/tech is nothing special at all these days, they know they need to update/upgrade. It was interesting that the CEO of Braintree referenced the fact that had he spent a LOT of time with the CEO of ebay mapping out what future payment platform should look like. |
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gmx95
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September 09, 2014, 01:21:31 AM |
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Every time I see something like that I think the price should shoot up on the positive news, but it does not happen. How much more news should come before it affects the price?
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Bit_Happy
Legendary
Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
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September 09, 2014, 03:11:34 AM |
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This is an exciting step in the right direction for BTC, and an important move for Paypal if they are to remain relevant in the future. I wonder how long before Paypal actually integrates Bitcoin?
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howardb (OP)
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September 09, 2014, 04:01:18 AM |
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Thats an absolutely flawed prediction by Citi. Stating that miners are "having to sell their bitcoin" as if they were not selling them before. They clearly don't understand that most mining models return the btc to investors as they are mined, or reinvest a portion in new kit. |
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murraypaul
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September 09, 2014, 10:05:17 AM |
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It was announced at techcrunch today, they are using their huge subidiary Braintree initially to pilot it and partnering with coinbase.
So a more accurate headline would be PayPal doesn't adopt Bitcoin, one of its subsidiaries doesThis is a test balloon by eBay/PayPal, see what happens without risking any serious business. You could not be more wrong, I am right. Braintree are adopting Bitcoin, PayPal are not. This is a safe way for eBay/PayPal to try out Bitcoin adoption in a small subsidiary, without risking any impact to their main businesses. it's Paypal that is absorbing Braintree tech not the other way around. In fact if you listen to the interview he says as much. You don't spend $800million on a company unless they have something you want, in in Paypals case it was a thoroughly modern and flexible payment api. Paypals current api/tech is nothing special at all these days, they know they need to update/upgrade. None of that has anything to do with what I said, so I don't know what you think you were responding to. |
BTC: 16TgAGdiTSsTWSsBDphebNJCFr1NT78xFW
SRC: scefi1XMhq91n3oF5FrE3HqddVvvCZP9KB
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Kakmakr
Legendary
Offline
Activity: 3430
Merit: 1957
Leading Crypto Sports Betting & Casino Platform
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September 09, 2014, 01:13:55 PM |
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Question is, what does Braintree bring to bitcoin? More people that might use the technology?
How will we benefit from this?
Will the price per bitcoin, go up or down, because of this?
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lewentkurt
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September 09, 2014, 01:30:58 PM |
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Yes for Braintree, but not just yet for all Paypay systems, don't hurry up.
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David Rabahy
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September 09, 2014, 03:28:46 PM |
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Every time I see something like that I think the price should shoot up on the positive news, but it does not happen. How much more news should come before it affects the price?
Old adage; buy the rumor, sell the news. |
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bryant.coleman
Legendary
Offline
Activity: 3654
Merit: 1217
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September 09, 2014, 04:33:03 PM |
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Yes for Braintree, but not just yet for all Paypay systems, don't hurry up.
lol... if Paypal had actually adopted Bitcoin, then we might have witnessed the BTC-USD exchange rate shooting up to 4 figures. But right now, the exchange rate is going down ($467 in BTC-E). I hope Paypal will adopt the digital currency, latest by 2015 January.  They might be a little concerned about the volatility of the currency. |
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Chef Ramsay
Legendary
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Activity: 1568
Merit: 1001
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September 09, 2014, 05:46:29 PM |
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Well, the good news is that the building blocks are being placed for a firm foundation for future growth, use and liquidity by the common person.
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btcm4n14c
Newbie
Offline
Activity: 56
Merit: 0
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September 09, 2014, 07:07:01 PM |
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title is misguiding, there is nothing official yet  |
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Finchy
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September 10, 2014, 12:19:55 PM |
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title is misguiding, there is nothing official yet Yeah, all I've been seeing lately is people peddling paypal have adopted bitcoin but they haven't at all. That freaky bitcoin video they put out a few days ago has left me even more confused as to what they're doing, but I won't believe anything till I see them actually state we're adopting bitcoin. |
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