TechCrunch posted an article today comparing Bitcoin to the early Paypal days—when fraud, theft, and technical issues ran rampant. TechCrunch’s headline would probably be a bit more accurate if “Mt. Gox” were substituted in place of “Bitcoin” (and to be fair, the body of the article mostly focuses on the current problems plaguing Gox when […]
Posts Tagged ‘paypal’
CNN asks: can Bitcoin replace Paypal?
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CNN currently has a front page story up that asks whether or not Bitcoin will eventually replace Paypal. Interesting timing, as earlier today CNET ran a short piece in which Paypal president David Marcus expressed his enthusiasm for Bitcoin, and admitted that he even owns some. Marcus seems to get Bitcoin. My guess is that […]
PayPal president “kinda thinking about” supporting Bitcoin
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David Marcus, president of PayPal, says that he is considering the possibility of supporting Bitcoin as a PayPal funding instrument in the future: (skip to 2:50 in the video for the Bitcoin comments) A transcript of Marcus’s response: So I’ve been spending a lot of time looking at [Bitcoin], and it’s truly fascinating actually: the […]