Quote from: exocytosis on September 11, 2014, 11:49:48 AM

Quote from: maker88 on September 10, 2014, 11:02:09 PM

Quote from: andy35 on September 10, 2014, 09:58:07 PM

Quote from: Finchy on September 10, 2014, 03:10:15 PM

Quote from: Searing on September 09, 2014, 04:26:32 AM

well WTF am I missing here ebay/paypal announces they are gonna take Bitcoin and usd price has dropped to $466 wtf am I missing here..jeez

What you're missing is that ebay/paypal hasn't announced that they are going to take bitcoin. Once they do actually announce they will be accepting bitcoin it might be a different story, but until it actually happens I wouldnt hold my breath.

A paypal subsidiary called braintree will probably use bitcoin a a mobile phone payment option, but ebay/paypal is not considering bitcoin at the moment.

the ceo of ebay has been considering BTC for about a year, he likes btc a lot. pay pals reluctance is what has kept it from going through. they have a monopoly over ebay they don't want to give up. likely paypal sees its only a matter of time and is trying to position themselves as middleman in the setup.

eBay adopting BTC would result in increased sell pressure, hence falling prices. The PayPal announcement had the same effect. New merchants accept BTC all the time, and price keeps falling.

pretty sure i didn't say anything about what ebay accepting bitcoin would do to the price. just pointing out how whatshisface was lying about how ebay was not considering using bitcoin. maybe learn to read before replying?