Bitcoin Forum
December 10, 2016, 03:11:56 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: 2012-06-29 Wall Street Journal - Coinbase Wants to Be the PayPal of Internet  (Read 3195 times)
bbit
Legendary
*
Offline Offline

Activity: 1288

Bitcoin


View Profile
June 29, 2012, 08:54:52 PM
 #1

Couple of sources on this Coinbase funding:

http://allthingsd.com/20120629/betting-on-bitcoin-coinbase-wants-to-be-the-paypal-of-the-internet-only-currency/

Quote
Betting on Bitcoin: Coinbase Wants to Be the PayPal of Internet-Only Currency

Hacknews:

http://news.ycombinator.com/item?id=4177605
1481339516
Hero Member
*
Offline Offline

Posts: 1481339516

View Profile Personal Message (Offline)

Ignore
1481339516
Reply with quote  #2

1481339516
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481339516
Hero Member
*
Offline Offline

Posts: 1481339516

View Profile Personal Message (Offline)

Ignore
1481339516
Reply with quote  #2

1481339516
Report to moderator
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
June 29, 2012, 09:04:51 PM
 #2

Where the wallstreet journal article?

bbit
Legendary
*
Offline Offline

Activity: 1288

Bitcoin


View Profile
June 29, 2012, 09:06:45 PM
 #3

Where the wallstreet journal article?

Hey, AllthingsD is a arm of the WSJ.

http://allthingsd.com/20120629/betting-on-bitcoin-coinbase-wants-to-be-the-paypal-of-the-internet-only-currency/
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
June 30, 2012, 12:46:42 AM
 #4

Quote
Right now, transferring Bitcoins pretty much requires a PhD, or something close to it.
Cheesy

Raoul Duke
aka psy
Legendary
*
Offline Offline

Activity: 1442



View Profile
June 30, 2012, 01:03:20 AM
 #5

Quote
Right now, transferring Bitcoins pretty much requires a PhD, or something close to it.
Cheesy

That can't be true as the closest I've ever been to a campus was while going to college parties and I use Bitcoin every day lol

beckspace
Sr. Member
****
Offline Offline

Activity: 385


Aimed at Jupiter


View Profile
June 30, 2012, 02:22:30 AM
 #6

Quote
Right now, transferring Bitcoins pretty much requires a PhD, or something close to it.
Cheesy

That can't be true as the closest I've ever been to a campus was while going to college parties and I use Bitcoin every day lol

I know two kids that use it. Satoshi dice and bitcoinkamikaze are favorites.

You guys have really come up with somethin'
Nabilo
Hero Member
*****
Offline Offline

Activity: 573



View Profile
September 23, 2013, 08:01:21 PM
 #7

Quote
Right now, transferring Bitcoins pretty much requires a PhD, or something close to it.
Cheesy

That can't be true as the closest I've ever been to a campus was while going to college parties and I use Bitcoin every day lol

I know two kids that use it. Satoshi dice and bitcoinkamikaze are favorites.

can someone help me to contact 'bitcoinkamikaze' administrator ?

prophetx
Legendary
*
Offline Offline

Activity: 1078


he who has the gold makes the rules


View Profile WWW
September 23, 2013, 10:07:39 PM
 #8

Quote
Right now, transferring Bitcoins pretty much requires a PhD, or something close to it.
Cheesy

That can't be true as the closest I've ever been to a campus was while going to college parties and I use Bitcoin every day lol

I know two kids that use it. Satoshi dice and bitcoinkamikaze are favorites.

can someone help me to contact 'bitcoinkamikaze' administrator ?


sure. are you aware that google search works for this website?

try it out  Cool

██████████████████████
████████████████████████
████████████████████████
████████████████████████
███████████████████████
█████████████████████
████████████████████████
████████████████████████
██████████████████████
██████████████████████
███████████████████████
████████████████████████
████████████████████████
████████████████████████
███████████████████████
██████████████████████
|
WINGS
Where DAO Unicorns are born
|
.
1st Bitcoin & Ethereum DAO for DAOs                                               
1st Decentralized Chatbot to Smart Contracts Interaction System

|
.
Wings Bounties Earn Eggs    
X-Blockchain DAO

solex
Legendary
*
Offline Offline

Activity: 1078


100 satoshis -> ISO code


View Profile
September 24, 2013, 12:31:10 AM
 #9

OK. So its been over a year. How is this working out?

"Coinbase Wants to Be the PayPal of Internet"

prophetx
Legendary
*
Offline Offline

Activity: 1078


he who has the gold makes the rules


View Profile WWW
September 24, 2013, 12:36:28 AM
 #10

OK. So its been over a year. How is this working out?

"Coinbase Wants to Be the PayPal of Internet"


well to be honest... my experience using coinbase has been 100X better than using PaynPal- of course I would rather hit my hand with a hammer than use the latter due to prior experiences

██████████████████████
████████████████████████
████████████████████████
████████████████████████
███████████████████████
█████████████████████
████████████████████████
████████████████████████
██████████████████████
██████████████████████
███████████████████████
████████████████████████
████████████████████████
████████████████████████
███████████████████████
██████████████████████
|
WINGS
Where DAO Unicorns are born
|
.
1st Bitcoin & Ethereum DAO for DAOs                                               
1st Decentralized Chatbot to Smart Contracts Interaction System

|
.
Wings Bounties Earn Eggs    
X-Blockchain DAO

StarfishPrime
Sr. Member
****
Offline Offline

Activity: 345


View Profile
September 24, 2013, 04:36:03 AM
 #11

OK. So its been over a year. How is this working out?

"Coinbase Wants to Be the PayPal of Internet"

They're basically there, or at least well on their way. They've attracted the largest single VC funding of any bitcoin startup ($5M). Coinbase's first mover advantage is very similar to that Paypal had in its early days - right before their many competitors threw in the towel.

It's tough to compete with free. Coinbase has a zero-fee merchant sign-on program currently underway (first $1M in bitcoin sales at no commission).

For end users, there really no faster or lower-fee (1%) way to buy or sell bitcoin, all you need is a bank account. Why anyone in the US would still use MtGox for the occasional buy/sell is difficult to understand.

Definitely the best place to send anyone new to bitcoin.



Paul Watson's Sea Shepherd Conservation Society now accepting BTC: http://www.seashepherd.org.au/support-us/support-us.html
solex
Legendary
*
Offline Offline

Activity: 1078


100 satoshis -> ISO code


View Profile
September 24, 2013, 05:33:40 AM
 #12

Good info and good to hear they are doing well.

What is interesting about the Bitcoin news lately is how many stories are about successful start-ups and businesses.

runam0k
Hero Member
*****
Offline Offline

Activity: 924


Touchdown


View Profile
September 24, 2013, 10:19:41 AM
 #13

Coinbase is nice but it could be a lot more user friendly. Simple things like an address book would work wonders. InputsIO is really nice (in terms of UI).
kjlimo
Legendary
*
Offline Offline

Activity: 1498


View Profile WWW
September 24, 2013, 02:09:46 PM
 #14

OK. So its been over a year. How is this working out?

"Coinbase Wants to Be the PayPal of Internet"

They're basically there, or at least well on their way. They've attracted the largest single VC funding of any bitcoin startup ($5M). Coinbase's first mover advantage is very similar to that Paypal had in its early days - right before their many competitors threw in the towel.

It's tough to compete with free. Coinbase has a zero-fee merchant sign-on program currently underway (first $1M in bitcoin sales at no commission).

For end users, there really no faster or lower-fee (1%) way to buy or sell bitcoin, all you need is a bank account. Why anyone in the US would still use MtGox for the occasional buy/sell is difficult to understand.

Definitely the best place to send anyone new to bitcoin.


For the most part, agreed.  Wasn't aware of the $1M free option.  Need to look into that; however, my hands are tied as I'm a Bitpay local Integration Partner.

Keep in mind that being a US based company, they may be faster to report to the SEC/IRS which may make having an account elsewhere advantageous. 

I think there's definitely an advantage to saying I own my bitcoins in Germany given the 1 year tax free treatment for example.  I haven't thoroughly looked into these things, but I'm guessing I'll be making decisions on where to say the "location" is of my money before year's end.  Not sure how much the govt will buy "internet" as the "location."

I will say that someone sent bitcoins to my e-mail address that I registered with Coinbase and the bitcoins showed up in my account easy peezy.  So I'd say that's a win.

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex or Cryptsy for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
leemar
Full Member
***
Offline Offline

Activity: 184


View Profile
September 24, 2013, 04:07:18 PM
 #15

Any idea why they haven’t opened an exchange, seems like a bit of a no brainer in the current climate?
kjlimo
Legendary
*
Offline Offline

Activity: 1498


View Profile WWW
September 24, 2013, 04:26:14 PM
 #16

Any idea why they haven’t opened an exchange, seems like a bit of a no brainer in the current climate?

What are you talking about?  You can buy/sell bitcoins using Coinbase.

That counts as having an "exchange" open.  Are you looking for something else?

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex or Cryptsy for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
18RATTT
Sr. Member
****
Offline Offline

Activity: 282



View Profile
September 24, 2013, 04:49:27 PM
 #17

coinbase has the potential, not to mention the VC investments couple months ago to coinbase.

cbhelp
Jr. Member
*
Offline Offline

Activity: 56


View Profile
September 24, 2013, 04:52:59 PM
 #18

Coinbase has set itself up brilliantly.  As they add more people, to slowly upgrade the response times, this company is set to explode.

leemar
Full Member
***
Offline Offline

Activity: 184


View Profile
September 24, 2013, 05:21:26 PM
 #19

Any idea why they haven’t opened an exchange, seems like a bit of a no brainer in the current climate?

What are you talking about?  You can buy/sell bitcoins using Coinbase.

That counts as having an "exchange" open.  Are you looking for something else?

Perhaps that does qualify but not really what I mean.  I do not have an account (not in US) but I cannot from the site see an order book or any indication of daily volumes and price ranges like on Bitstamp or  MtGox.  They are also not listed on here as .....

https://bitcoinaverage.com/#USD

…. and their price quotes are also not referenced on sites like Coindesk.

BTW I think they look like a great company, just that they are in a strong position to do this for US customers at least.
kjlimo
Legendary
*
Offline Offline

Activity: 1498


View Profile WWW
September 24, 2013, 06:05:36 PM
 #20

Any idea why they haven’t opened an exchange, seems like a bit of a no brainer in the current climate?

What are you talking about?  You can buy/sell bitcoins using Coinbase.

That counts as having an "exchange" open.  Are you looking for something else?

Perhaps that does qualify but not really what I mean.  I do not have an account (not in US) but I cannot from the site see an order book or any indication of daily volumes and price ranges like on Bitstamp or  MtGox.  They are also not listed on here as .....

https://bitcoinaverage.com/#USD

…. and their price quotes are also not referenced on sites like Coindesk.

BTW I think they look like a great company, just that they are in a strong position to do this for US customers at least.


gotcha; all fair points, thank you.

I'll admit I've been confused that the exchanges have been so nice to share trading books... can you see the trading books for NYSE?  I believe we usually only get bid /ask and volume info.

But as you point out, we're not even getting that form Coinbase.

We'll see what the future brings.

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex or Cryptsy for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!