DO NO EVIL...
because Google is watching over you.
The petition is a stupid idea because I do NOT want to see Google dominate the online payment business. Google already has too much access to people's private information - especially after it unfairly enforces Google+ onto YouTube and Android users.
I take careful steps to insulate different parts of my personal and private information from different corporations. That way, no single corporation or company can gather the complete comprehensive information on my personal life. As Google already has its claws on so many of my personal information, I want to keep my other personal bits off Google's intrusion.
Google has made it very clear that it's their business to collect everyone's information, to build a complete comprehensive profile on everyone's life. That little piece of Google CEO dipshit Eric Schmidt even rubbed it in everyone's face: "oh, if you don't want to hand over ALL your private information to us, then you must have something to hide". Yet the hypocrite wanted to reserve privacy for himself: he blacklisted CNET for publishing information about his salary, neighborhood, political donations and ex-girlfriends. Why anyone would continue to tolerate Googlevil's big brother "we should know and own everything about you" hypocrisy is beyond me.
Google Wallet is just another tool for Google to consolidate its power for its unsavory agenda. I'd rather let other third-party companies rather than Google have my financial and banking information, because Google already has too much information about everyone. I'm not going to put myself into a situation in which I will have to hand over my financial and bank accounts to Google.
If Google Wallet becomes a dominant player in online payment service, then people like me will not have a choice: then we won't be able to avoid Google. We will have to deal with Google if we want to buy anything online. Google will get its claws on our financial information as well. That's extremely intrusive and dangerous, too much power and information, for one corporation to have. Imagine one almighty omnipotent, omniscient corporation. Knows everything about you: where you live and work, where you go and not, what you like and buy, who your friends and family are, what your political and religious affiliations are, AND your financial and banking information. That is What Google will become if we let them. (i.e., "Google" is so aptly named because soon they will be spying and watching over everyone with their Orwellian "Do No Evil" motto: "Do no evil... because we are googling/watching over you.")
The same thing cannot be said with other third-party companies. They do not have access to other important information about our lives. They may know my bank and credit information on files, but they do not know about anything else: not my personal life, not private life, not my sex life, not my political affiliation, not my religious belief. Google can know all those things about me from all my past searches, and that is too much already. That is why my financial information must be off-limit to Google. That is why I do not support Google in this fight, to protect my own long-term interests. If you know what's good for you, you'll sit this one out or take the side AGAINST Google.