|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 07:25:58 PM |
|
Perhaps they can get their business back on track by incorporating ripple payments into their checkout system.
But what do I say, blasphemy! Ripple is the enemy, right?
|
|
|
|
GoWest (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 07:29:09 PM |
|
Perhaps they can get their business back on track by incorporating ripple payments into their checkout system.
But what do I say, blasphemy! Ripple is the enemy, right?
At the San Jose Bitcoin conference in 2013, I asked one of the BitPay employees what they thought about Ripple and they literally responded, "we don't talk about them."
|
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 07:38:14 PM |
|
Perhaps they can get their business back on track by incorporating ripple payments into their checkout system.
But what do I say, blasphemy! Ripple is the enemy, right?
At the San Jose Bitcoin conference in 2013, I asked one of the BitPay employees what they thought about Ripple and they literally responded, "we don't talk about them." That says something about who they are too...
|
|
|
|
Eamorr
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 07:42:05 PM |
|
Perhaps they can get their business back on track by incorporating ripple payments into their checkout system.
But what do I say, blasphemy! Ripple is the enemy, right?
At the San Jose Bitcoin conference in 2013, I asked one of the BitPay employees what they thought about Ripple and they literally responded, "we don't talk about them." These people "believe" in Bitcoin like it's a religion. There's no talking to them. Bitcoin is a lovely old steam engine for the nostalgic, trainspotters and enthusiasts. But the world's population cannot be transported on steam. Trying to hack steam or harping back to the glory days of steam is a waste of human effort and human know-how. We know better and have the technology and tools in our hands. That said, we ought to cherish and remember BTC as a very, very important part of digital currency history.
|
|
|
|
smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 09:32:27 PM |
|
Two possibilities:
1. Bitpay overshot their mark on how much staff they could support/needed.
2. They are hurting with this downturn in bitcoin's price.
|
███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
|
|
|
HarHarHar9965
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 09:34:22 PM |
|
Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action.
|
|
|
|
smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 09:43:46 PM |
|
Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action.
Anyone got the link to this claim ^?
|
███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
|
|
|
brg444
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 09:47:42 PM |
|
Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action.
Anyone got the link to this claim ^? I think it is more likely parts of their seed investement rounds were in BTC. I know it was the case for a couple of early companies such as Armory...
|
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
|
|
|
HarHarHar9965
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 09:49:13 PM |
|
I may be misinformed or remembering wrong. I was only getting this secondhand some months ago.
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 02:09:59 AM |
|
Back two years ago during the pirateat40 ponzi they posted something about "short squeezing" pirate, essentially admitting engaging in the market. I'm unaware of any other concrete facts, but it can be speculated that they use the VC money to pay out merchants and keep the BTC.
The cynic in me hopes that is actually their business model, meaning that once they run out of VC funds they get to blow up in true Bitcoin Enterprise fashion.
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 02:11:40 AM |
|
Didn't Bitpay use a chunk of their VC investment to buy BTC? What price was that at? They also hold (speculate) with BTC processed for merchant payments (just watch the addresses you send to....), so I could see them hurting from this price action.
That would be a bit daffy if they did. That shouldn't be the business they're in.
|
|
|
|
NotHatinJustTrollin
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 462
Merit: 107
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 02:12:36 AM |
|
If you look around, everything bitcoin related is slowly starting to collapse.
It's funny.
|
|
|
|
cisahasa
Legendary
Offline
Activity: 910
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 02:30:50 AM |
|
this makes things look fishy.. after so called hack..what is bitstamps connection to ripple scam?
|
|
|
|
cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1010
Let's talk governance, lipstick, and pigs.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 03:52:40 AM |
|
Ripple doesn't solve any problems. It's just another middleman charging more fees from your bank account. They don't have a store of value. They don't protect privacy. They can't be sent for free speech. Ripple doesn't do anything you can't do with fiat money. ApplePay will bury Ripple.
|
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
|
|
|
Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 03:59:17 AM |
|
^^^ Ripple is hopeless since it is centralized and too confusing for mainstream users; BTC is sometimes confusing, but a free (open-source) market can make it easy to use.
|
|
|
|
Omikifuse
Legendary
Offline
Activity: 1820
Merit: 1009
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 04:02:55 AM |
|
In stock market, when they fire employees the prices rise because they won't have to pay salaries.
Here we see nowhere but down trolling show.
If you think Bitpay is with financial troubles and you were a serious user, or at least a first class troll, you would use numbers and balances, not the fact they fired some people
|
|
|
|
Omikifuse
Legendary
Offline
Activity: 1820
Merit: 1009
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 04:08:54 AM |
|
In stock market, when they fire employees the prices rise because they won't have to pay salaries.
Here we see nowhere but down trolling show.
If you think Bitpay is with financial troubles and you were a serious user, or at least a first class troll, you would use numbers and balances, not the fact they fired some people
|
|
|
|
louisreel
Newbie
Offline
Activity: 9
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 04:12:49 AM |
|
Ripple doesn't solve any problems. It's just another middleman charging more fees from your bank account. They don't have a store of value. They don't protect privacy. They can't be sent for free speech. Ripple doesn't do anything you can't do with fiat money. ApplePay will bury Ripple.
ApplyPay may do well this year, but it's largely a way of putting a bunch of your credit cards on your phone...doesn't seem all that exciting. Any plans to use it for remittance? Seems that's one of Ripple's potential edges. It ain't easy for regular people to move money around the world cheap. Bitcoin projects have tried to address it but not much so far.
|
|
|
|
|