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Bitcoin on eBay?

EBay ‘Seriously Considering’ Adding Bitcoin Payments

That's the headline. Why now, I wonder.

Dear God, please help me to be
the person my dog thinks I am.
Message 1 of 13
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12 REPLIES 12

Bitcoin on eBay?

this is not possible, because the ebay will not be able to stop payment if the seller is dishonest. Bitcoin transactions are irreversible

Message 2 of 13
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Bitcoin on eBay?

It is automatic free advertising in the Bitcoin community as one more ecommerce site that will accept BTC.  It is more revenue from those who want to spend BTC without converting to dollars.

Message 3 of 13
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Bitcoin on eBay?


@orlovskmarii-0 wrote:

this is not possible, because the ebay will not be able to stop payment if the seller is dishonest. Bitcoin transactions are irreversible


and you think the pointy haired ones at eBay know that? Ha!

Member of the Grumpy Old Man crew
Message 4 of 13
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Bitcoin on eBay?


@orlovskmarii-0 wrote:

this is not possible, because the ebay will not be able to stop payment if the seller is dishonest. Bitcoin transactions are irreversible


If BTC were allowed here, I would imagine that Ebay would bill any disputes to the seller's account. That's the only thing I could see happening. I can't see Ebay ditching the MBG, even partially to allow for BTC to be used.

The easier you are to offend the easier you are to control.


We seem to be getting closer and closer to a situation where nobody is responsible for what they did but we are all responsible for what somebody else did. - Thomas Sowell
Message 5 of 13
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Bitcoin on eBay?

So USPS Money orders can't be trusted but Bitcoins can?

"If a product doesn't sell, raise the price" - Reese Palley
"If it sold FAST, it was priced too low" - also Reese Palley
Message 6 of 13
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Bitcoin on eBay?


@lookng2015 wrote:
So USPS Money orders can't be trusted but Bitcoins can?

ikr

 

A USPS MO I can take to the PO and get cash in my hand. A BTC I get...some pixels and a promise?

The easier you are to offend the easier you are to control.


We seem to be getting closer and closer to a situation where nobody is responsible for what they did but we are all responsible for what somebody else did. - Thomas Sowell
Message 7 of 13
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Bitcoin on eBay?

So how do you pay for something with a commodity of ever changing value?
Message 8 of 13
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Bitcoin on eBay?


@trustedbasset wrote:

EBay seriously considering Adding Bitcoin Payments

That's the headline. Why now, I wonder.


To hopefully boost up the stock price, the big O is up around 200% or so since adding BitCoin.

 

Message 9 of 13
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Bitcoin on eBay?

Is eBay going to pay the $20 average Bitcoin transaction fees?

(Bitcoin is in a bubble, networks are getting maxed out, and from what I understand. if I send you 1¢ in bitcoins the min transaction fee is currently about $15. More if you want the transaction to happen today/soon - supply/demand transaction fee costs)

https://arstechnica.com/tech-policy/2017/12/bitcoin-fees-are-skyrocketing/
Message 10 of 13
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Bitcoin on eBay?


@trustedbasset wrote:

EBay ‘Seriously Considering’ Adding Bitcoin Payments

That's the headline. Why now, I wonder.


eBay has been talking about accepting bitcoin for years now. Here's one from 2014: 

 

https://cointelegraph.com/news/ebay-ceo-very-open-to-bitcoin-will-likely-follow-paypal

Message 11 of 13
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Bitcoin on eBay?

Things that make you go hmmmmmmmmm (or maybe uh-huh, sure they will)

news is that bitcoin has lost 25% of it's value.......


"If a product doesn't sell, raise the price" - Reese Palley
"If it sold FAST, it was priced too low" - also Reese Palley
Message 12 of 13
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Bitcoin on eBay?

I saw something earlier about a 30% drop with no bottom in sight.

 

I can't see this being allowed at all in any marketplace unless and until it is fully trackable and reverseable at every step.

 

 


Forget keeping up with the Joneses. Be the Finklegrubers!
OK kids, time to get the Dodge loaded up again. I hear 'Poppy's By the Tree' calling. This trip might be a long one too.
Message 13 of 13
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