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Topic: Is Bitcoin less evil than PayPal? - page 7. (Read 5335 times)

full member
Activity: 150
Merit: 100
March 05, 2017, 12:17:09 PM
Yea i think paypal more evil than bitcoin because it is not allow in so many countries.
But bitcoin is in every country where there is an internet connection.
Bitcoin is more easy to buy or to sell but paypal is not easy .
sr. member
Activity: 252
Merit: 250
March 05, 2017, 11:43:07 AM
A lot of people will be biased in this matter and I won't lie and say I'm not. I've only had bad experiences with paypal and would prefer to never have to do business with them again. All the more reason for me to try my best and help bitcoin succeed.
hero member
Activity: 1792
Merit: 534
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March 05, 2017, 11:34:09 AM
Paypal allows chargeback fraud and is a feast for scammers
True but PayPal and Bitcoin are not comparable.  Paypal is an unofficial means of transferring fiat currency, so the only comparable thing to Bitcoin with fiat currency is credit card transfer (and national banks).

I think Bitcoin, however, cant be regarded as evil cuz its decentralized or semi-decentralized(china)
I don't believe that Bitcoin is evil, but it could definitely be regarded as evil because even though it's not controlled by one specific entity it's still founded on a set of principles and, like Paypal, could change at any time.

Still, PayPal has control over your transactions, and this could be regarded as inherently evil, especially with its problems (e.g. chargeback fraud as mentioned).
legendary
Activity: 1512
Merit: 1010
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March 05, 2017, 11:26:40 AM
I don't consider any of them to be evil.
I have made good experiences with both of them, although I have made much more payments with paypal that I made with bitcoin.
Paypal is a business. The whole concern is built to make profit.
Bitcoin is no concern. But the miners, and they represent the most important part of bitcoin, they mine because they want to make profit as well.
For the user, the main difference is if they want to sell, or buy.

Actually the main difference is that in PayPal, there are people who decide what will happen with your transaction or money when someone makes a dispute. Bitcoin is definitely the lesser evil of the two. There are very less points to be considered as evil when it comes to Bitcoin.
hero member
Activity: 910
Merit: 501
March 05, 2017, 11:16:58 AM
I don't consider any of them to be evil.
I have made good experiences with both of them, although I have made much more payments with paypal that I made with bitcoin.
Paypal is a business. The whole concern is built to make profit.
Bitcoin is no concern. But the miners, and they represent the most important part of bitcoin, they mine because they want to make profit as well.
For the user, the main difference is if they want to sell, or buy.
legendary
Activity: 3318
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March 05, 2017, 11:14:46 AM
I hope we can control it. But no one can.
As good as we hope it could be, we can do nothing. As bitcoin is not controlled by anyone else. I thing it is way darker with bitcoin. They can do what they want unlike paypal where there is some kind of screening to do. But that doesn't say it is more evil. It will still depend on the usage of every user.
Plus bitcoin will always be different, it is already a currency which makes it more prone to different kind of illegal currency. In paypal it is still dollar or euro so it is dependent to that.
With a newer currency they can make it possible without a trace that is why illegal transactions are made most thru bitcoin.
sr. member
Activity: 381
Merit: 250
March 05, 2017, 11:08:22 AM
I don't think that bitcoin can be treated as a evil as it is the best and easiest way to send or receive money with lowest fees but Paypal is surely an evil as it charges heavy fees from its users and once more people will start knowing bitcoins they will definitely stop using Paypal and switch to bitcoins.
legendary
Activity: 2170
Merit: 1427
March 05, 2017, 09:37:04 AM
Honestly a very few people would make a 100% switch from paypal to bitcoin, no matter the number of stores accepting bitcoin and no matter what the fees are. Buyers don't pay the fees, the sellers do. And there is no buyer protection with bitcoin, in the opposite of paypal

PayPal has a few major advantages that Bitcoin can't offer at this point;

1) Massive global acceptance.
2) Buyers protection.
3) Instant transactions when using PayPal balance.
4) No exposure to volatility.

In order for Bitcoin to interest PayPal users to at least partly ditch that service, Bitcoin must offer an equal level of world wide acceptance, and ease of use. Bitcoin at this point can't serve people in that regard. As long as that isn't the case, there is no reason for these people to hop over to Bitcoin. That's why I badly hope that Segwit and Lightning Network get implemented as soon as possible. It won't suddenly make Bitcoin superior to fiat related payment platforms, but at least it has then a solid foundation to keep developing further.
sr. member
Activity: 531
Merit: 258
March 05, 2017, 09:07:02 AM
Paypal is not the same thing as bitcoin. Paypal is not a cryptocurrency paypal is not a currency either. it's like comparing an apple with an orange Wink
copper member
Activity: 2940
Merit: 4101
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March 05, 2017, 07:29:10 AM
bitcoin is not at all evil. it doesn't have any brain and so i could say that bitcoin is not a eveil not a good one but its the way how we use the currency. if we use bitcoin for good cause then its fine otherwise if we use bitcoin for bad then that's our problem not bitcoin's.

Bitcoin is a currency and paypal is a service.  Using bitcoin is easier and hassle free as compare to paypal. Those who know about bitcoins are now switching to bitcoins as they know that paypal sucks and  ask too much fee for their service. Bitcoin will soon overcome Paypal and other such services.

Yes, now with the rise in Bitcoin price more investors and internet users are reading news about Bitcoin and they are interested on it, including Paypal users. I think at this moment Paypal users are just waiting Bitcoin be accepted by more stores and sites to do a full migration to Blockchain and stop using Paypal services, as Bitcoin is simpler and more accessible.
Honestly a very few people would make a 100% switch from paypal to bitcoin, no matter the number of stores accepting bitcoin and no matter what the fees are. Buyers don't pay the fees, the sellers do. And there is no buyer protection with bitcoin, in the opposite of paypal
hero member
Activity: 1316
Merit: 561
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March 05, 2017, 12:10:12 AM
Scammers are truly evil, but how can PayPal and bitcoin be evil?? I get what you mean but myself don't consider them like that. From my perspective, the way how we use PayPal or bitcoin is the main cause which affects people's views of them. And scammers will do anything, so we will get scams whether we use bitcoin or PayPal.
hero member
Activity: 798
Merit: 505
March 05, 2017, 12:04:28 AM
I think bitcoin is no evil like paypal and how paypal transactions is processed and done.Yes in paypal you can refund an transaction and make charge backs depending on what is your account state.But in bitcoins transaction are unstopabble and unrefundable,once bitcoins is dispatch in a wallet there is no way to request or file for a refund for it.Unlike paypal that helps you to refund your transactions and scam people.So bitcoin is no evil
hero member
Activity: 762
Merit: 500
March 04, 2017, 11:42:13 PM
I still use PayPal because not all merchants accept Bitcoin. Furthermore, recently it takes average more than 30-minute for my bitcoin transaction to be confirmed.
legendary
Activity: 3010
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March 04, 2017, 11:41:17 PM
bitcoin is not at all evil. it doesn't have any brain and so i could say that bitcoin is not a eveil not a good one but its the way how we use the currency. if we use bitcoin for good cause then its fine otherwise if we use bitcoin for bad then that's our problem not bitcoin's.

Bitcoin is a currency and paypal is a service.  Using bitcoin is easier and hassle free as compare to paypal. Those who know about bitcoins are now switching to bitcoins as they know that paypal sucks and  ask too much fee for their service. Bitcoin will soon overcome Paypal and other such services.
I honestly doubt that bitcoin will overcome Paypal due to its cheaper fee requirement because as you can see the current recommended fee which is now required for a transaction to be confirmed fastly is increasing significantly if this problem keeps on continuing it'll definitely become a disaster for bitcoin and there's no more sentence "Bitcoin is cheaper than Paypal".
In another hand, bitcoin still advantageous on other categories such as its simplicity and so on.
hero member
Activity: 1190
Merit: 525
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March 04, 2017, 11:36:24 PM
bitcoin is not at all evil. it doesn't have any brain and so i could say that bitcoin is not a eveil not a good one but its the way how we use the currency. if we use bitcoin for good cause then its fine otherwise if we use bitcoin for bad then that's our problem not bitcoin's.

Bitcoin is a currency and paypal is a service.  Using bitcoin is easier and hassle free as compare to paypal. Those who know about bitcoins are now switching to bitcoins as they know that paypal sucks and  ask too much fee for their service. Bitcoin will soon overcome Paypal and other such services.

Yes, now with the rise in Bitcoin price more investors and internet users are reading news about Bitcoin and they are interested on it, including Paypal users. I think at this moment Paypal users are just waiting Bitcoin be accepted by more stores and sites to do a full migration to Blockchain and stop using Paypal services, as Bitcoin is simpler and more accessible.
hero member
Activity: 966
Merit: 506
March 04, 2017, 11:27:05 PM
bitcoin is not at all evil. it doesn't have any brain and so i could say that bitcoin is not a eveil not a good one but its the way how we use the currency. if we use bitcoin for good cause then its fine otherwise if we use bitcoin for bad then that's our problem not bitcoin's.

Bitcoin is a currency and paypal is a service.  Using bitcoin is easier and hassle free as compare to paypal. Those who know about bitcoins are now switching to bitcoins as they know that paypal sucks and  ask too much fee for their service. Bitcoin will soon overcome Paypal and other such services.
full member
Activity: 182
Merit: 100
March 04, 2017, 10:52:19 PM
Less? That's an understatement! I wouldn't consider bitcoin evil at all. It is much better than PayPal for the main reason being that there are no chargebacks or limits
legendary
Activity: 1918
Merit: 1012
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March 04, 2017, 10:41:24 PM
Bitcoin just like PayPal has its strength and weaknesses but comparatively Bitcoin's strength outweighs its weakness unlike PayPal which is gradually gaining a notorious tag of being a scammers haven. I have no doubt that PayPal is popular and well known but Bitcoin is superior even though it's not well known.

I would say the biggest positive about Bitcoin is that there is no subjectivity or human interpretation involved. You may still get scammed, but it is more likely to be due to your mistakes rather than anything else.
full member
Activity: 126
Merit: 100
March 04, 2017, 10:20:32 PM
We can't say which is more evil or which is less.
But as of now Even though bitcoins are gaining popularity,
PayPal is Bieng used by more people.
But definitely bitcoins I think are better than PayPal because-
1) They are decentralised.
2) They are easy to access .
     To make just one PayPal account you have to go through long forms etc.
     But accessing Bitcoin it much easier,  I helps us to save our privacy.
3)  Bitcoins are easy to access,
      I don't know about North Korea.
      But bitcoins can be accessed in most parts of the world .(As compared to PayPal)
legendary
Activity: 2436
Merit: 1008
March 03, 2017, 01:48:07 PM
Bitcoin just like PayPal has its strength and weaknesses but comparatively Bitcoin's strength outweighs its weakness unlike PayPal which is gradually gaining a notorious tag of being a scammers haven. I have no doubt that PayPal is popular and well known but Bitcoin is superior even though it's not well known.

You are out of the comparison. Bitcoin's thing is different from Paypal thing as Bitcoin was being handed by bitcoin exchange and Paypal was the one handling the fiat. Paypal must be compare to the online exchange like Coinbase and not with the bitcoin itself.

Now try to compare Paypal to other bitcoin exchanges and you will see that they have are no different at all in most of the instances.
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