Quote:
Originally Posted by onwebcam
Why would a powerhouse such as Payoal accept someone else's virtual currency when they could create their own? I think he gives hint to this when he says "Bitcoin was reminiscent of music sharing sites Kazaa and Napster, which were found to violate trademark rights, but helped spawn legitimate sites such Pandora and Spotify."
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it's not that simple, creating your own money. i think it would just lead to the same path of egold and liberty reserve dollars. being centralized, most likely not transparent and in effect be vulnerable to manipulation - that would not appeal to crowd who embrace bitcoin. google admitted couple of years ago they were looking and possibly prototyping their own currency, the idea was shafted (or gave birth to bitcoin in a decentralized open source environment).crazyconspiracytheory
wow @ PP:
Hill Ferguson from PayPal ? the granddaddy of digital payments firms ? confirmed the company is keeping an eye on the crypto-currency.
?It?s the perfect currency by design,? he said. ?I?m curious to see how governments respond to it and how regulation may impact consumers? ability to get money in and out. I think it?s a fascinating phenomenon and we are definitely watching it.?
http://techcrunch.com/2013/04/30/dis...el-on-bitcoin/
and i thought they've turned in to corporate zombies long ago, but they keep things in perspective. pretty open-minded and reasonable position. i do tend to think they would not just blindly follow hype without studying ins and outs how bitcoin functions beforehand.