Quote from: ~~~~~ on June 03, 2011, 02:58:35 PM

Quote from: hyperD on June 03, 2011, 02:43:43 PM

Quote from: adrian33 on June 03, 2011, 02:15:30 PM

Wait for Facebook or Apple to jump on the bandwagon first, or some other tech giant. Possibly Google, in response to banks rejecting NFC payments.

Quote

"Representatives of three of the countrys largest banks, Bank of America, Citigroup and U.S. Bank, attended a meeting last month organized by the Merchant Advisory Group to talk about the new opportunities that mobile technologies, such as NFC, will create for the payments industry.

You know what they (banks) told us? Theres just not a business case right now, Dodd Roberts, head of the merchant group, said last week

http://www.chyp.com/media/blog-entry/different-dreams-about-the-future-of-pos

I just wonder if and how the network could hold up against mass adoption.

Wouldn't Facebook, Google or Apple simply set up there own block chain?

I can think of no reason why any corporation would want to launch a peer-to-peer open source commodity like Bitcoin, what would be the point of such a thing? They would see the point of using bitcoins, but founding them in the first place, let alone a competitor... if I were CEO I would fire the guy that suggested the idea on the spot. Bitcoin is an example of why the market cannot produce everything that is needed.

It took dreams and cryptohead-love to create bitcoin, and ideology to sweep it forward. Founding a Bitcoin wouldn't make sense for a company to do, at best they'd probably get sued or Liberty-Reservified.

It may have taken dreams and cryptohead-love to create bitcoin but never underestimate corporate greed. Whether they go down the path of p2p and open source or not is a question of how they seek to profit from it. I don't see it as an expensive foray, an app running on every bodies computer via their portal isn't a mean task, and getting sued? by whom? If I were some CEO i'd be at least tempted to evaluated a possibility to exploit such technology.