byronbb (OP)
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Activity: 1414
Merit: 1000
HODL OR DIE
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July 19, 2012, 04:42:21 PM |
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I see bitcoin really capable of hurting paypal. There are A LOT of people who absolutely hate the service but are tied into it because it's pretty much the de facto option for auction sites. So then EBAY, (who own paypal), might take a hit, who else, Western Union?? Thoughts?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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silverbox
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Activity: 966
Merit: 1003
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July 19, 2012, 04:47:55 PM |
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I see bitcoin really capable of hurting paypal. There are A LOT of people who absolutely hate the service but are tied into it because it's pretty much the de facto option for auction sites. So then EBAY, (who own paypal), might take a hit, who else, Western Union?? Thoughts?
If BTC gets big enough to actually impact Ebay (paypal) or WU, the amount that you'll make off the short will be orders of magnitude smaller then the amount you would make holding BTC. |
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TraderTimm
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Activity: 2408
Merit: 1121
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July 19, 2012, 05:43:44 PM |
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As I stated in this thread: https://bitcointalk.org/index.php?topic=94046.0An examination of bitcoin capturing just 1% of Western Union's money transfer business. In short, it would be quite impressive, and I'm pretty sure we're slowly cannibalizing money transfer organizations around the world as we speak, it just hasn't reached the tipping point yet. |
fortitudinem multis - catenum regit omnia
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sadpandatech
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July 19, 2012, 05:45:10 PM |
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I see bitcoin really capable of hurting paypal. There are A LOT of people who absolutely hate the service but are tied into it because it's pretty much the de facto option for auction sites. So then EBAY, (who own paypal), might take a hit, who else, Western Union?? Thoughts?
If BTC gets big enough to actually impact Ebay (paypal) or WU, the amount that you'll make off the short will be orders of magnitude smaller then the amount you would make holding BTC. +10,000 to this. And short the Indexes that are denominated by USD, etc. not individual stocks. |
If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system.
- GA
It is being worked on by smart people. -DamienBlack
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notme
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Activity: 1904
Merit: 1002
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July 19, 2012, 05:47:23 PM |
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JPM, C, BAC, and MS would have been good ones to short before today  . |
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Dargo
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Activity: 1820
Merit: 1000
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July 19, 2012, 07:38:38 PM |
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If you believe in bitcoin, it's probably best to just invest in bitcoin.
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FreeMoney
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Activity: 1246
Merit: 1014
Strength in numbers
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July 19, 2012, 07:46:08 PM |
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If I understand correctly the broker will give you cash for selling the stock you borrowed and you only have to leave part of it behind. The rest could go build your BTC position.
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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cypherdoc
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Activity: 1764
Merit: 1002
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July 19, 2012, 07:50:50 PM |
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JPM, C, BAC, and MS would have been good ones to short before today . my JPM short is doing very well  |
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