Coinabul1

When a little startup already has better pricing than a well established billion dollar company, that's something to take note of.

Most Bitcoin Processors give confirmation fairly quickly. The customer doesn't have to wait 10 minutes.

Taxes shouldn't be too big of an issue. They just get reported like accepting any other foreign currency.

As for line of credit... you should check out Ripple.com

I'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? :)

I feel like there are more problems at PayPal than just frozen accounts. The inherent issues I have with PayPal is a: they're a middleman and bump up prices. and b: they facilitate chargebacks which lead to an ever increase amount of fraud.

More fraud equals more cost. As the conventional alternatives continue to grow they'll face more and more fraud. Bitcoin has no chargeback fraud. It never will.

Exactly. 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.

Show me one example of the Bitcoin protocol being hacked.

The hacking you speak of is more akin to bank robbery.

I enjoy http://bitcoin.clarkmoody.com

I think it's all about the throughput. How much money can I put in, move, then successfully take out. The market cap is bigger than it ever has been.

What if I told you that Bitcoin SOLVES counterfeiting?

What if I then told you that the US government spends billions of dollars fighting counterfeiting and governments like North Korea profit by printing USD.

Cheaper on the budget. Safer on the homefront. How could they say no?

(That being said, them actually accepting Bitcoin is insane, using the technologies Bitcoin has pioneered though... That could happen.)