True, but once the app is released, alot of longs like myself who deal with alot of merchants regularly will be contacting all of them to look into accepting myec payments. Online transactions, governments, and large corps seem to be the initial clients for now. I assume in-store retail will be a little slower process to convert . Not sure exactly how in store-processing will work down the road. There will probably need to be an upgrade or re-programming of POS systems in stores to integrate myec, but I woundn't think it would take too long. Wouldn't surprise me to see new card readers come out that can process cc,debit,paypal, myec, and bitcoin. Paypal has been added to quite a few nationwide chains this year, and the switchover was quick in the stores I've seen.
As a long, I've got plenty of confidence in this investment and have zero stress on down days. As long as there are criminal frauds like DR spreading lies and fear for their own profits, this will move erratically. I like our potential and believe in our CEO. I know what I own, and if even 20% of the possible catalysts happen, then we are golden. While I appreciated all the info and moral boosting from ed's regular FB postings, I'd just as soon him be quieter now. Between all the bashers and the worry-wort new investors, ed's in a damned if you do, damned if you don't situation. True open communication can be a great thing, but can also be a pandora's box when the other side of the convo is irrational or have an ulterior motive and look to twist ed's words around to bash the company. He might as well take the high road and let the business speak for itself to a certain extent. There's really no reason for a CEO of a legit company thats working to close huge contracts to get dragged into all the games and mud-slinging regularly going on around the boards. It seems like the direct communication works good in the earlier stages, but lots of stocks seem to hit a point where the CEO's communication gets so manipulated and speculated that it starts to do more harm than good. Seems like Ed might have been smarter than other recent ceo's and maybe nipped it in the bud before it got out of hand.
BTW- Every share I've bought I plan to keep til 2015 at the earliest. Change is slow. Even if all works out as planned, many american's hate changes in technology, and are slow to adapt(especially in alot of the bible belt states). My guess is that Echecks, digital wallets, and all the different bitcoins will probably catch on and get integrated the same way most tech advances do. California and Seattle area first,then new york, slowly followed by the rest of the states.