Paypal and Ebay embraces Bitcoin

[TampaAnimusVortex]

PayPal and Coinbase are partnering to enable Bitcoin payments
http://techcrunch.com/2014/09/08/paypal-braintree/

EBay Announces First Foray Into Bitcoin With Braintree Unit
http://www.forbes.com/sites/ryanmac/2014/09/08/ebay-announces-first-foray-into-bitcoin-with-braintree-unit/

All the naysayers are now looking pretty silly at this point.
- Bitcoin is doomed!
- No one uses Bitcoin but drug dealers
- Bitcoin is a libertarian conspiracy (complete with lizard overlords)
- Bitcoin is a Ponzi scheme (and again, is doomed! Doomed I tell you!)

A digital world requires a digital currency and everyone better hope it isn't ruled by the likes of the credit card companies (or those partnering with them - like the newborn Apple Pay). Between Bitcoin, Ethereum, and Zerocoin - the world is about to get REAL interesting as far as the currency environment is concerned.

Bitcoin is growing faster in use and venture capital inflows than the internet itself in 1995. It's adoption is growing faster than Facebook or Twitter grew. The only question now is who profits from it's growth.

[randome]

1. A digital world does not require a digital currency since everything is processed that way, already.

There are a fixed number of Bitcoins in the universe. It will never 'take off' so long as that's the case.
[hr][font color="blue"][center]You have to play the game to find out why you're playing the game. -Existenz[/center][/font][hr]

[TampaAnimusVortex]

5. Bitcoins are divisible to 8 decimal places.

That's 21 million X 100000000 or 2,100,000,000,000,000 currency units. Far more than there are dollars or dollars value in the world. No chance of running out anytime soon.

[hollysmom]

2. I have given up on e-bay - no profit there anymore for my stuff. n/t

[NCTraveler]

3. Merchants still want standard currency.

Even under this limited partnership. Seems they are saying the funding mechanism of Pay Pal will assume the risk of bitcoin while the merchants are paid in the usual manner. That is at leas what is stated in the article you linked.

Also, why are the naysayers looking pretty silly? I have yet to meet a single person who knows what bitcoin is any more than I do. They have never traded in bitcoin. I understand from your history here you have a stake in bitcoin. People are willing to sell their souls when they have a stake in something.

If it works it will work. I think some large institutions are seeing a way to profit early on. Corps are often more about profits than anything else. I think you are correct on one point, Pay Pal sees additional profits just from the collection bitcoin. That can be seen in the fact their merchant section will hold the coins while paying out dollars. That I find to be very interesting.

[TampaAnimusVortex]

8. And there is the key phrase.

"I have yet to meet a single person who knows what bitcoin is any more than I do"

We could replace the word "bitcoin" there with automobile, airplane, credit card, telephone - at some point in history and it would be just as valid.

I posted to help educate, not because I thought that enough people on DU could or would be able to affect the price. DU is a microscopic sliver of the payment world.
I suggest you rectify your professed ignorance on the topic because I see no reason why adoption won't continue to expand at its current rate or faster, just like many disruptive technologies before it. If you want to know why it will be adopted, then I suggest research.

[Cayenne]

4. You forgot "They're Tulips"!

[TampaAnimusVortex]

6. Crap, I knew there was something else! lol /nt

[KamaAina]

7. eBay is right across the street from my office

the PayPal campus, in fact.

Wonder if someone will drop a few bitcoins on the street?