Post
Topic
Board Bitcoin Discussion
Re: We're all going to be rich!
by
shady financier
on 03/06/2011, 14:58:35 UTC
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 country’s 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? There’s 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.