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Google Says It Has "No Current Plans Regarding Bitcoin" 157

An anonymous reader writes "A popular Reddit submission today suggested Google's payment team was looking to incorporate Bitcoin, naturally sparking a lot of excitement in the virtual currency community. TNW reached out to Google regarding the claim and learned that it was indeed false. 'As we continue to work on Google Wallet, we're grateful for a very wide range of suggestions,' a Google spokesperson told TNW. 'While we're keen to actively engage with Wallet users to help inform and shape the product, there's no change to our position: we have no current plans regarding Bitcoin.'"
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Google Says It Has "No Current Plans Regarding Bitcoin"

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  • by DogDude ( 805747 ) on Friday January 24, 2014 @12:59AM (#46053831)
    Google just folded up their Google Wallet service for merchants a few weeks ago. I think they've just finished up their venture into online payments to anybody other than themselves. I would think that anybody who actually had any real information about the current state of online payment stuff would know that,

    Besides, the article is on Reddit, a website that currently has, as it's top story, "This actually happened on MSNBC today ("

    This was a horribly uninformed Slashdot article, all around.
  • Re:Still. (Score:1, Informative)

    by TubeSteak ( 669689 ) on Friday January 24, 2014 @01:14AM (#46053879) Journal

    Can it be that our fiat monetary systems are so flawed that this is a reasonable alternative for some folks?

    Going back to a deflationary/metallic currency is not possible, plausible, or remotely rational.
    We've been there and abandoned that.

    For all the flaws of "fiat" currency, no one has really proposed a viable deflationary alternative that compensates for problems we've already fixed.

  • by Anonymous Coward on Friday January 24, 2014 @01:22AM (#46053897)

    1) Buy 100 USB sticks.

    2) Put a wallet on each with .01 Bitcoin, and the password in a text file.

    3) Leave laying about Google campus.

    Now all sorts of Google engineers have a vested interest in Bitcoin rising in value...

    If you left $1000 USD worth of Canadian Dollars in Google's parking lot, they'd just take it to a bank and exchange it for $1000 USD.

    Why would bitcoin be different, because they can spend it directly online? Then why wouldn't they do that?

    I don't get it...
    If I recommended investing in penny stocks, that would be a bad idea.
    If I recommended stockpiling an unstable foreign currency, that would be a bad idea
    Using any of the above to buy local goods, bad idea.

    But bitcoin is cool because bitcoin.

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