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ArtForz
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May 26, 2011, 09:38:39 AM |
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Note that the P2P there refers to person-to-person. Basically yet another paypal/dwolla/...
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bitcoin: 1Fb77Xq5ePFER8GtKRn2KDbDTVpJKfKmpz i0coin: jNdvyvd6v6gV3kVJLD7HsB5ZwHyHwAkfdw
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marcus_of_augustus
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Eadem mutata resurgo
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May 26, 2011, 10:07:58 AM Last edit: May 26, 2011, 11:01:09 AM by minute_of_angle |
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How are they going to get around all the KYC BS they have set-up to stop competition? Talk about transparent, this technology has been available for 15 years and they just decide to do it now? I suppose it just funny money they are playing with so who cares what they do with it? Edit: on the plus side it should make it easier for people to escape the other system into bitcoin ... just a click away.
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cloud9
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May 26, 2011, 10:17:31 AM |
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Seems like Banks are trying to play catch-up to Paypal. In future maybe catch-up to Bitcoin.
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Insti
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Firstbits: 1duzy
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May 26, 2011, 10:23:12 AM |
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How is the system they are proposing anything at all like Bitcoin?
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cablepair (OP)
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May 26, 2011, 10:44:03 AM |
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not the mining side of it, but they are trying to come up with a system where individuals can digitally with computer or cell phone - send money back and forth directly to each other using a set number like a phone number,
"You will soon be able to pay your friend back for dinner or give your kid $100 by simply logging in to your bank account and entering their name and phone number. No cash, check, PayPal or silly app required."
this does not sound familar at all to you?
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eturnerx
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May 26, 2011, 10:46:23 AM |
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Lol we've had this for years. 1) It's called setting up payees in your internet banking software. 2) Use the bank's mobile website when out and about. Why is this news?
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AntiVigilante
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May 26, 2011, 10:54:13 AM |
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Venmo.
That is all.
Enemy tactical capability still limited to copycat.
Silly app indeed. What do you call it when you use an interface to initiate some sort of action? If that's not an application what the hell is it? Nothing like the validation you get when the bastards copy your work.
Bring it on fellas. A few thousand hacks, poor customer service, delays in movement of money, and investigation of fraud should soften them up for transactions using Bitcoin instead.
Gentlemen, start your IDEs, rev up your compilers, contact friendly hosting services, and show these wannabes how it's done.
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cablepair (OP)
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May 26, 2011, 11:11:11 AM |
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haha ... hell yeah! ;>
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proudhon
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May 26, 2011, 11:11:45 AM |
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Fantastic! Hopefully this makes it easier to send money that I put in the bank to MtGox so I can buy bitcoin with it.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Anonymous
Guest
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May 26, 2011, 11:50:17 AM |
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It doesnt kill bitcoin it kills paypal and western union (and maybe dwolla)
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elewton
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DIA | Data infrastructure for DeFi
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May 26, 2011, 11:57:32 AM |
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As with Google's phone payments, we must consider this as both a threat an an opportunity.
With a web-of-trust system, it will now be easy for Americans to exchange USD for BTC.
What if the banks take a hostile position to the vendor of Bitcoins?
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bitpop
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May 26, 2011, 12:01:55 PM |
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That is NOTHING close to bitcoin..
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kwukduck
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May 26, 2011, 01:08:33 PM |
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I don't see how this is anything like bitcoin. The 'official' currency/economic systems are broken at the core, just another way to transfer these funds in a broken system doesn't fix the system or compete with an actual good system.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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Serge
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May 26, 2011, 01:40:06 PM |
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it looks like they are borrowing concept from LiqPay service run by Ukranian Privat Bank. Liqpay has great concept but very poor execution. Also a while ago I heard on the news that Visa is in the works allowing p2p easy transfers between Vasa's card holders
I don't think Bitcoin has anything to worry about just yet
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Littleshop
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May 26, 2011, 02:17:12 PM |
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Also a while ago I heard on the news that Visa is in the works allowing p2p easy transfers between Vasa's card holders
It is not p2p if it goes through visa first.
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Serge
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May 26, 2011, 02:39:55 PM |
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Also a while ago I heard on the news that Visa is in the works allowing p2p easy transfers between Vasa's card holders
It is not p2p if it goes through visa first. You are correct, my bad on poorly chosen term. They won't do decentralized ever
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silversurfer
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May 26, 2011, 03:17:55 PM |
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No mention of fees... I guess it will be free, like Bitcoin!
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That which is falling should also be pushed.
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db
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May 26, 2011, 04:22:08 PM |
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Lol we've had this for years. 1) It's called setting up payees in your internet banking software. 2) Use the bank's mobile website when out and about. Why is this news?
I've heard banking in the USA is even more backwards than elsewhere; maybe it's news there?
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tomcollins
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May 26, 2011, 04:35:28 PM |
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Lol we've had this for years. 1) It's called setting up payees in your internet banking software. 2) Use the bank's mobile website when out and about. Why is this news?
That still requires a paper check unless it's the same bank.
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