Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG | Page 2 | TigerDroppings.com

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gizmoflak
Georgetown Fan
Member since May 2007
9118 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

So Bitcoin = FaceBook?


To an extent. Except bitcoin's market cap ceiling is rising faster than facebook's.... And facebook's bubble has yet to burst






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Vols&Shaft83
Georgia Tech Fan
Member since Dec 2012
18731 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

To an extent. Except bitcoin's market cap ceiling is rising faster than facebook's.... And facebook's bubble has yet to burst





I meant in terms of the type of businesses.






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
57286 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

For the first 2 1/2 years after its inception it was available to college and then to high school students ONLY on an invitation only basis.

It was not opened to the general public (13 years and older) until September, 2006. So 4 years after its initiation for the general public it had almost 800 million users.


Uh oh. It's gonna be hard for Wiki to recover from this obvious blunder. But it will be interesting to see how much spin he gets on the ball.






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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

Uh oh. It's gonna be hard for Wiki to recover from this obvious blunder. But it will be interesting to see how much spin he gets on the ball.





Let's analyze the facts:

I made no qualifications in my initial statement about Facebook and their model for accepting users. I simply said that Facebook didn't have a billion users at its inception. That they chose to slowly grow the network by allowing new users was a business decision. It is actually irrelevant to my point, though.

But even if we accept the moving of the goal posts (which, by the way, is a common tactic used by that moron), he still fricking lied.



This post was edited on 4/19 at 3:33 pm


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

Broke


So that the goal posts can't be moved later on: What would it take for bitcoin to be a success, in your opinion?


Oh wait, I already asked you this and you said it would require a major business accepting it. So then I pointed out that reddit, the 53rd most popular web site in the US accepted it, and you dismissed that as not major enough.

So then I pointed out that WordPress, the 21st most popular web site in the WORLD accepted it, and you dismissed that as well.

You like to move the goal posts too.




This post was edited on 4/19 at 3:36 pm


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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84447 posts
 Online 

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

I simply said that Facebook didn't have a billion users at its inception
You're lying again. You said because FB didn't have a billion users at its inception so it was a failure.

But btc is not at its inception. It has been in operation for 4 1/3 years.

quote:

But even if we accept the moving of the goal posts
I didn't. YOU DID.

quote:

he still fricking lied.
I admit I was mistaken about the billion users, but it was getting damn close and growing fast. It wasn't an intentional lie. Yours was.






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gizmoflak
Georgetown Fan
Member since May 2007
9118 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


I'm gonna lmao the day Facebook starts accepting BTCs





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Vols&Shaft83
Georgia Tech Fan
Member since Dec 2012
18731 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

So then I pointed out that reddit, the 53rd most popular web site in the US accepted it, and you dismissed that as not major enough.


People pay for Reddit Now?

quote:

So then I pointed out that WordPress, the 21st most popular web site in the WORLD accepted it, and you dismissed that as well.



I'm sure lot's of bitcoiner's have blogs , But those are free. I'd be curious to see who has purchased the wordpress premium service with bitcoin. I'm gonna go out on a limb and say IT HAS NEVER frickING HAPPENED EVER, because anybody (besides those douchey twins)who can afford that service wouldn't be caught dead owning bitcoins.






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Vols&Shaft83
Georgia Tech Fan
Member since Dec 2012
18731 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

I'm gonna lmao the day Facebook starts accepting BTCs



Facebook has a competing crypto-currency, "credits"



Which are used for purchasing items in Zynga games and other mindless shite like that.






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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

Facebook has a competing crypto-currency


i don't think you understand what a crypto-currency is.

but that doesn't surprise me






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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

People pay for Reddit Now?


yep. they offer a service called Reddit Gold. You can purchase it with bitcoins.

quote:

I'd be curious to see who has purchased the wordpress premium service with bitcoin. I'm gonna go out on a limb and say IT HAS NEVER frickING HAPPENED EVER


Do you really believe that?






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Vols&Shaft83
Georgia Tech Fan
Member since Dec 2012
18731 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

i don't think you understand what a crypto-currency is.

but that doesn't surprise me




How is bitcoin different from FB Credits? From a tech standpoint?






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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

How is bitcoin different from FB Credits? From a tech standpoint?


Holy shit, are you seriously asking this question? Do you not read anything I post? Have you not investigated bitcoin at all?

Bitcoin:
Decentralized
Utilizes cryptography (hence the term "crypto-currency")
Pseudonymous

Facebook Credits:
Centralized
Does not utilize cryptography
Not pseudonymous








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Vols&Shaft83
Georgia Tech Fan
Member since Dec 2012
18731 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

yep. they offer a service called Reddit Gold. You can purchase it with bitcoins.



Can it also be purchased with credit or debit?

quote:

Do you really believe that?


I'm just guessing, I don't know. But I've seen the cost of some of their services running at pretty steep prices. I'm sure big box retailers can afford to use it, but your average business owner cannot.






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Vols&Shaft83
Georgia Tech Fan
Member since Dec 2012
18731 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


Ok, but they are both pieces of code on a computer screen are they not?

Also noticed you used the term
quote:

Pseudonymous
. Are bitcoins anonymous, antonymous, autonomous, eponymous, homonymous, paronymous, synonymous, theonomous, or Pseudonymous now?



This post was edited on 4/19 at 4:14 pm


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gizmoflak
Georgetown Fan
Member since May 2007
9118 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

Ok, but they are both pieces of code on a computer screen are they not?











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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

Also noticed you used the term

quote:
Pseudonymous


Pseudonymous is the proper term for it. I have used it many times when discussing bitcoins. I may have also used terminology like "mostly anonymous" or "potentially anonymous" all to describe the same concept. However, pseudonymous is the proper terminology.



This post was edited on 4/19 at 4:19 pm


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

Ok, but they are both pieces of code on a computer screen are they not?


There are significant fundamental differences. But if you wish to think of them like that, feel free to do so.


It still amazes me how so many of y'all who do not understand the technology, and therefore can't appreciate the revolutionary implications of it, can dismiss it so easily.






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gizmoflak
Georgetown Fan
Member since May 2007
9118 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


Bitcoins are just electrons, and dollars are just paper, amirite?





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Vols&Shaft83
Georgia Tech Fan
Member since Dec 2012
18731 posts

re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG


quote:

not understand the technology


I freely admit the subject is not in my wheelhouse.


quote:

and therefore can't appreciate the revolutionary implications of it,


You've tried to explain its advantages, I just don't see them all as advantageous, and the few advantages that bitcoins do have aren't EVEN REMOTELY worth the hassle of dealing with the cumbersome currency or its RIDICULOUS volatility.

I also dismiss it because: I don't trust the entity behind the currency. I cannot use bitcoin to buy groceries, order a pizza, pay my utility bills, or put gas in my car. I don't trust the majority of bitcoin users. There is no way bitcoin can benefit me WHATSOEVER. Just like Facebook credits, W.O.W. Gold, or even Unicorn Farts.






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