Post
Topic
Board Bitcoin Discussion
Re: What is Bitcoin's next catalyst for growth ?
by
Mjbmonetarymetals
on 13/12/2013, 15:03:34 UTC
Snoopdog mel b Accepting Bitcoin , who's next Justin bieber  Grin

http://www.artistdirect.com/entertainment-news/article/mel-b-accepting-bitcoin-currency-for-new-single/10856802

I agree adoption by a large supermarket chain would be great for Bitcoin Maybe thats 18-24 months away

If eBay offer Bitcoin as a payment method they are going to add a percent fee likely 1-2% but it'll still make bitcoin's price explode to the upside.



ebay / paypal ........ I just don't see it in a million years

1) Its direct competition to bitcoin
2) ebay / paypal love reversing transactions. How can they reconcile that with bitcoin?

It will be reconciled because sellers can offer a cheaper price without the threat of reversals, (and likley less fees) and thus attract more buyers and traders, and so that market of sellers will displace trade from ebay, causing eBay to die or adapt

Except that there has to be a demand for it.  Ebay is huge, bitcoin is a drop in the bucket comparatively.  So that's what you can do as a customer: ask ebay sellers if they'd be willing to accept bitcoin as a payment.  It's becoming more and more well known, but I think a lot of people either a) still aren't aware of bitcoins or b) think it's a fad.

Personally, my bet on what would cause a huge catalyst for bitcoin growth would be business payment processors actually paying employees in bitcoins instead of dollars (or other local currencies in a non-US company).  I don't forsee this happening for a long time, personally, but I know I'd happily accept (some) payment in bitcoins if I were offered the option as an employee of a company.  As far as I know, the only company that has actually done this was The Internet Archive / archive.org.

I think your right those things would be great of BTC uptake

ebay's not that "huge", they do lots of relatively low value transactions for collectibles, shoes, IT gear and second hand goods, car fridges etc
PayPal is tied up with ebay, plus ebays its market cap, is (only) 66.5 B, BTC is already $10 B

Its telling that ebay found the payment mechanism paypal as something they had to aquire, and they paid $1.5B for it some years ago, and that was largely just for their operations or about 50% of the payment system. BTC is light years ahead of Paypal in tech etc, and offer a payment system for the world or a good % of it.....

ebay is very regional in some places its hardly used others its dominant.
big value items, currency exchange, houses, cars, classes of investment, ebay does not do

http://www.wired.com/wiredenterprise/2013/12/ebay-bitcoin-hack/