Topic: Is Bitcoin less evil than PayPal? - page 8. (Read 5335 times)
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.
Paypal is a pure evil imo, for bitcoin you have to take few measures in order to prevent a potential scam like using escrows or buying from a trusted buyers...
Like bitcoin trading is equally risky. And when it comes to PayPal , most of the people Trust PayPal.Most of the people don't know about bitcoin that is the problem.
If bitcoin becomes famous people might trade with bitcoins but for now PayPal is more trusted .
And I am pretty sure that one day bitcoin will overtake PayPal
I think the only thing that makes bitcoin looks evil is because of its anonymity which the criminals and other bad kind of person take advantage of. But i think it doesn't if a currency or things like bitcoin or paypal had its dark side because other currency also had that kind of characteristic so it is not a big deal in choosing which is better.
I don't think that chargeback is necessarily a disadvantage in PayPal, even I could seem this feature can be very convenient in most cases, and for most ordinary users. And I am not so convinced that irreversibility of the bitcoin transactions is always a great advantage, because this leave room to mistakes without the possibility of recovering our lost money.
Paypal having a chargeback is an advantage and a disadvantage to paypal. And bitcoin being irreversible is an advantage and a disadvantage to it. From which, lets the scammer feeds on the disadvantage of both sides. It just depends on us to determine if the person we transact is a scammer or not.The blockchain has not voice if you get scammed.
If we consider Paypal evil (I do), should we consider Bitcoin less evil?
Paypal allows chargeback fraud and is a feast for scammers
Then again
Bitcoin doesnt allow chargebacks and is a feast for scammers because of that
I think Bitcoin, however, cant be regarded as evil cuz its decentralized or semi-decentralized(china)
what do u think fellow people of Bitcointalk?
~CfA~
Paypal allows chargeback fraud and is a feast for scammers
Then again
Bitcoin doesnt allow chargebacks and is a feast for scammers because of that
I think Bitcoin, however, cant be regarded as evil cuz its decentralized or semi-decentralized(china)
what do u think fellow people of Bitcointalk?
~CfA~
With proper precautions and common sense you'll never get scammed with Bitcoin that's why I consider it a lesser of two evils when compared to PayPal because Bitcoin had its own limitations but PayPal on the other hand is the devils tool and its flooded by scammers.
If we consider Paypal evil (I do), should we consider Bitcoin less evil?
Paypal allows chargeback fraud and is a feast for scammers
Then again
Bitcoin doesnt allow chargebacks and is a feast for scammers because of that
I think Bitcoin, however, cant be regarded as evil cuz its decentralized or semi-decentralized(china)
what do u think fellow people of Bitcointalk?
~CfA~
Paypal allows chargeback fraud and is a feast for scammers
Then again
Bitcoin doesnt allow chargebacks and is a feast for scammers because of that
I think Bitcoin, however, cant be regarded as evil cuz its decentralized or semi-decentralized(china)
what do u think fellow people of Bitcointalk?
~CfA~
It is like saying that money is evil because it is used in illegal transactions or food is evil because the greedy businessman sells them. Neither paypal or bitcoin is evil, it is the user who has the obligation and has the responsibility or the right as to how he uses paypal and bitcoin. There are no evil sites and currency but only people with evil intentions.
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.
as we know, Bitcoin really safer. Bitcoins can be exploited by fraudsters, but that is unlikely to happen, you can use reputable sites or signed the foundation, which can fully ensure the safety of you. PayPal is the opposite. PayPal's fraud did not come from the buyer that it came from the seller, it is uncontrollable, as we all know, paypal has refunded features sent, this has cause fraud, which is a major flaw, it needed to be overcome, however, so far, no measure for it. therefore, more dangerous paypal
Paypal is irritating, though this is Bitcoins forums if you are aware of ptc sites, then you would know of Clicksense the no one site and thier paypal ac was closed, and many times the hyip sites get away no for me paypal is no good. Bitcoins is nice it gives you a clear warning and tricks to deal around. Plus you keep 100 $ in paypal it would yet be 100$ or worst even zero. In my case when paypal was hacked they cleaned my entire ac. Paypal did not even help me. And just look at the number of complaints paypal has. There's just to many problems and Bitcoin is far way better so it's just the best for me, price increases, security wise etc.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
I cant say that paypal is too evil since its being used by how many years when bitcoin isnt been created yet and one thing that makes it evil is about it high fees on each transaction which is really damn high and when bitcoin being created its really a good alternative.
Everyone agrees that it is been for long term but PayPal involves in many site scams and email scams. This is the trust they have created. Just google as PayPal scams. You ll get the results on it. Bitcoin as source better than PayPal. Hackers only attacking the account and scratching out the fund. Still btc is safer than PayPal.
Be realistic, Paypal is indeed having weak security and some critical features that unfortunately add up an unnecessary inconveniencing problem to their users, but still, sometimes their clients are the factor that triggers some criminal activities against them by randomly typing their data everywhere.
Paypal would have been a lot worse if bitcoin were not around. Competitor is making companies be more honest towards their customers.
So even if bitcoin is not less evil than Paypal, the bitcoin is making Paypal less evil to make bitcoin look more evil in comparision by trying to be better.
I think the market is not so wide that it could get along Paypal and Payza and bitcoin. I think that bitcoin can displace competitors from the market. So even if bitcoin is not less evil than Paypal, the bitcoin is making Paypal less evil to make bitcoin look more evil in comparision by trying to be better.
Paypal would have been a lot worse if bitcoin were not around. Competitor is making companies be more honest towards their customers.
So even if bitcoin is not less evil than Paypal, the bitcoin is making Paypal less evil to make bitcoin look more evil in comparision by trying to be better.
So even if bitcoin is not less evil than Paypal, the bitcoin is making Paypal less evil to make bitcoin look more evil in comparision by trying to be better.
I cant say that paypal is too evil since its being used by how many years when bitcoin isnt been created yet and one thing that makes it evil is about it high fees on each transaction which is really damn high and when bitcoin being created its really a good alternative.
Everyone agrees that it is been for long term but PayPal involves in many site scams and email scams. This is the trust they have created. Just google as PayPal scams. You ll get the results on it. Bitcoin as source better than PayPal. Hackers only attacking the account and scratching out the fund. Still btc is safer than PayPal.
I would go for bitcoin as you have the freedom to use bitcoin. When it comes to paypal, they can block your accounts and do whatever they deem fit. This cannot happen when it comes to bitcoin. Paypal is centralized and bitcoin is decentralized. I would love to support anything that is decentralized. So my vote goes to bitcoin.
I cant say that paypal is too evil since its being used by how many years when bitcoin isnt been created yet and one thing that makes it evil is about it high fees on each transaction which is really damn high and when bitcoin being created its really a good alternative.
Everyone agrees that it is been for long term but PayPal involves in many site scams and email scams. This is the trust they have created. Just google as PayPal scams. You ll get the results on it. Bitcoin as source better than PayPal. Hackers only attacking the account and scratching out the fund. Still btc is safer than PayPal.
Bitcoin and PayPal are service providers who try to make customers more than getting negative testimonials. Scammers just use the loop hole to use it for fraudulent activities. PayPal's charge back feature has helped lots to get their money back, at the same there are people who got scammed by the same feature. So it's not to describe these services an evil.
Bitcoin is not service provider like paypal, they are two completely different things. Not only chargebacks, paypal also froze users account without any warning and reason. They dont give full control to your money while you will have full control over your bitcoin and also there is no need of any third party to use bitcoin.
That is why it's better to use bitcoins than paypal services to make online transactions. For me only one point is sufficient to prefer bitcoins: you can use it anonymously, different from paypal which want to know your informations.
Bitcoins fees are smaller also for some countries like mine. Since I started using bitcoins I didn't use paypal anymore.
Bitcoin and PayPal are service providers who try to make customers more than getting negative testimonials. Scammers just use the loop hole to use it for fraudulent activities. PayPal's charge back feature has helped lots to get their money back, at the same there are people who got scammed by the same feature. So it's not to describe these services an evil.
Bitcoin is not service provider like paypal, they are two completely different things. Not only chargebacks, paypal also froze users account without any warning and reason. They dont give full control to your money while you will have full control over your bitcoin and also there is no need of any third party to use bitcoin.
That is why it's better to use bitcoins than paypal services to make online transactions. For me only one point is sufficient to prefer bitcoins: you can use it anonymously, different from paypal which want to know your informations.
Bitcoins fees are smaller also for some countries like mine. Since I started using bitcoins I didn't use paypal anymore.
Bitcoin and PayPal are service providers who try to make customers more than getting negative testimonials. Scammers just use the loop hole to use it for fraudulent activities. PayPal's charge back feature has helped lots to get their money back, at the same there are people who got scammed by the same feature. So it's not to describe these services an evil.
Yea I Agree to you. Some people just use the Paypal feature to scam other people. The problem here is some people use this anti-scam feature of paypal to scam other people. But In bitcoin you can't charge back so you should to be sure that you are sure when you send your bitcoin.
Bitcoin and PayPal are service providers who try to make customers more than getting negative testimonials. Scammers just use the loop hole to use it for fraudulent activities. PayPal's charge back feature has helped lots to get their money back, at the same there are people who got scammed by the same feature. So it's not to describe these services an evil.
Bitcoin is not service provider like paypal, they are two completely different things. Not only chargebacks, paypal also froze users account without any warning and reason. They dont give full control to your money while you will have full control over your bitcoin and also there is no need of any third party to use bitcoin.
I can't really add much to what you have already said - BitCoin is transparent, you can see via the Block Chain where all coins have gone and the transaction is both "instant" (in so far as it appears on the Block Chain and the other party is advised it has been sent, subject to confirmations) and BitCoin transactions are irreversible.
Bitcoin is transparent in blockchain in terms of wallet addresses we used when we do transaction form our storage wallet. That's why bitcoin is pseudonyms which means transparent but still fake in the identity that's why bitcoin was decentralized where any company can't do anything about it. 
Bitcoin is less evil than Paypal simply because it doesn't chargeback
On the other hand if you send by accident to a dead address your pretty much stuck unless you pull it and double spend and it gets stuck in the mempool long enough to reverse if your running a node ^^.
That said your funds won't be frozen suddenly if your wikileaks or something so inherently less evil.
No. Just no. Bitcoin and PayPal both are similar yet different concept of sending money. Both with specific set of rules and features.On the other hand if you send by accident to a dead address your pretty much stuck unless you pull it and double spend and it gets stuck in the mempool long enough to reverse if your running a node ^^.
That said your funds won't be frozen suddenly if your wikileaks or something so inherently less evil.
Calling either bitcoin or PayPal evil is ridiculous simplification. Both systems are fine as they are. It's the people who will scam you, not the system.
You can hear voices that both immutable nature of bitcoin transaction or charge back functionality of PayPal can be used as double edge sword.
They aren't evil it's just for the sake of the thread title that I used the evil title, its how you use it that can make it evil.
That said there are always trade off's especially if you use intermediaries example people who use coinbase to transact versus those who control their own Bitcoins or rely on others through services such as paypal in the end whoever controls their own money is the king.
Jump to: