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Author Topic: [FUD] Wired, Tired, Expired for 2012: From Stellar to Suck  (Read 484 times)

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Offline bitcoinforum.comTopic starter

Wired, Tired, Expired for 2012: From Stellar to Suck
(By Michael Calore) 12.24.12 6:30 AM


It's a simple tool for sending money to your friends. Venmo is mobile-centric, so it's built to work over SMS. There are also simple apps for iOS, Android, and the web. Best of all, if you tie it to your regular debit card, there are no fees involved. Once you establish a tit-for-tat friend relationship with somebody, you can send them money just by typing a quick text. Venmo is simple, elegant and awesome. This year, I used it to pay a $5 bar tab, split a $32 charge for a pizza delivery, and buy a $1,000 bass guitar from a friend. And did I mention there are no fees?

PayPal is getting long in the tooth, and it needs to innovate. Better systems for mobile micro-payments between consenting adults have emerged. Also, NFC-based credit systems like Google Wallet and POS systems like Square are planting flags in PayPal's potential growth areas. It's still popular on Craigslist, eBay (duh) and other near-anonymous person-to-person markets, but PayPal needs to unlock the social component of swapping cash if it's going to avoid getting passed.

At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock. Bitcoin image: Trader Tim/Flickr. Photo: Ariel Zambelich/Wired

SMS something = Wired? Oh yes. Cool. My grandmother was a pin-up.
Paypal = Tired? Nothing to see here. Next joke please.
Bitcoin = Expired? Oh no. Another FUD... Wired is not so wired.


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