5 ms·
If you want to know why PayPal has been around for a decade with no competitors, you should read this: http://news.ycombinator.com/item?id=5295236 http://news.
by thinkcomp 14y ago
If you want to know why PayPal has been around for a decade with no competitors, you should read this:
http://news.ycombinator.com/item?id=5295236 http://news.ycombinator.com/item?id=5295236
- Coinabul1 14y agoExactly. They've stacked the deck against any startup. I recall that one startup in California, facecash or something, that couldn't get licensing even though they're entirely qualified. That's the beautiful thing about Bitcoin, it isn't just any startup, it's an open source project. If one exchange can't get a banking license, another one will. Everyone can use it and no one can shut it down at a centralized location.
- thinkcomp 14y agoI run FaceCash. I would advise talking to a lawyer. (I am not a lawyer.) I would also advise, to anyone who can make it, going to Sacramento on March 11: http://abnk.assembly.ca.gov/hearings http://abnk.assembly.ca.gov/hearings
- Coinabul1 14y agoI've talked with lawyers! I don't advise running an exchange anywhere near the United States. (But yes, I'm not a lawyer either.) If I didn't have jury duty I would be there. I hope you can shed some light on these guys. Can I expect another post with updates? :)
- ndonnellan 14y agoAm I missing something obvious? Where's the link to PayPal in the article? Is that up next in the series?