GOOGLE (WALLET) VS BITCOIN AND PAYPAL (ROLL OUT THE CASHLESS SOCIETY)

AS BITCOIN GETS THE GOVERNMENT POLICE BARICADE GOOGLE MAY BE ALLOWED TO EASILY FUND YOUR TRANSACTION WITH GOOGLE WALLET AND TAK PAYPAL TO THE CLEANERS AS 4 TIMES MORE PEPLE HAVE A G-MAIL ACCOUNT THAN PAYPAL AND YOU WOULD SIMPLY ATTACH YOUR MONEY LIKE AN ATTACHMENT IN YOUR E-MAIL AND YOU DON'T EVEN NEED A GOOGLE ACCOUNT... "GOOGLE WILL STICK"

GNS+RESEARCH  


TAKE A CLOSER LOOKhttp://www.theatlanticwire.com/technology/2013/05/google-wallet-vs-paypal/65292/


Google Wallet is a nifty idea (buy things in stores using your phone) that hasn't really taken off yet, but that's only because the company's giant tentacles haven't fully unfurled yet. Among the many adventures that Google announced during its annual developer conference Wednesday afternoon was a multi-pronged plan to integrate Google Wallet into every aspect of your shopping life.
The most intriguing new feature is Google's plan to add dollar "attachments" to your Gmail messages. Need to pay a buddy for those concert tickets? You simply attach a payment to your email, just like you would attach a photo or a document, and send it off. The money comes out of your Google Wallet account, and you didn't even have to leave your computer or talk to your friend again.
The person receiving the money has to have Google Wallet, too, of course, but that was the same hurdle PayPal had to overcome at the turn of the century. And with so many people already having Gmail accounts—about four times more than the number of active PayPal accounts—it shouldn't be too difficult to convert the masses. (Although they don't have to use their Gmail address to use Wallet.)

BITCOIN:

US Government Begins BitCoin Crackdown

Submitted by Tyler Durden on 05/15/2013 14:02 -0400http://www.zerohedge.com/news/2013-05-15/us-government-begins-bitcoin-crackdown

As we first noted here (regulation) and here (supervision), the US government has been gradually encroaching on the independence and freedom of the virtual currency. This week, as The Washington Post reports, the government escalated. The feds took action against Mt. Gox, the world’s leading Bitcoin exchange. Many people use Dwolla, a PayPal-like payment network, to send dollars to their Mt. Gox accounts. They then use those dollars to buy Bitcoins. On Tuesday, Dwolla announced that it had frozen Mt. Gox’s account at the request of federal investigators.
It’s the first federal action against the currency. CNet has confirmed that the asset seizure was initiated by Homeland Security Investigations (which among other things is responsible for enforcing the laws associated with money laundering and drug smuggling).
As this crackdown begins, many argue that "you can’t put the genie back into the bottle," as far as shutting down the 'network' of open source transactions; but as one Bitcoin enthusiast added (sadly), "I hate to say it, but the Bitcoin community needs to start lobbying, it needs to start educating policymakers, lobbyists and influencers about the pros of Bitcoin and the impossibility or the difficulty in getting rid of all the bad uses."
Considering the great antipathy the central planners have toward such legacy money as gold and silver, is it any surprise that they would move aggressively and rapidly to halt the emergence of yet another alternative to fiat, especially one which the ECB made it very clear will not be tolerated in an insolvent world. Because all is fair in preserving the FIATH...http://www.zerohedge.com/news/2013-05-15/us-government-begins-bitcoin-crackdown