Topic: Is Bitcoin less evil than PayPal? - page 9. (Read 5335 times)
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 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.
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.
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.
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.
In my opinion paypal and bitcoin are okay to use, it has advantage and disadvantage to users. We could not quote this as evil, because paypal disadvantage only has a high chargeback for those users. As bitcoin also it has a disadvantage to users, no need to elaborate the disadvantage. Bitcoin users can understand this.
This too and I fully agree.Both are two different payment tool that has its advantages and disadvantages. What I like in bitcoin is its anonymity,flexibility and ease to use and it is secure.Yes you are also correct in pointing the charge back feature.But I think bitcoin is quite good comapred to paypal in so many features it can offer.
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.
In my opinion paypal and bitcoin are okay to use, it has advantage and disadvantage to users. We could not quote this as evil, because paypal disadvantage only has a high chargeback for those users. As bitcoin also it has a disadvantage to users, no need to elaborate the disadvantage. Bitcoin users can understand this.
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. 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~
First I do not consider PayPal a evil.It may have few cases of chargeback or other problems but considering the amount of transaction it handles they are negligible plus I never faced (by God grace) any problem with PayPal. 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~
Second as you also admitted, bitcoin also has 'irreversible' boon for scammers.
Unfortunately I have been scammed with bitcoin but not PayPal.
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.
I didn't ever see the point in comparing both. Paypal is a centralized payment network, bitcoin is a decentralized currency. Very different services. In fact bitcoin is not a "service", its a tool, paypal is just a fiat derivative.
if you think paypal is evil then bitcoin is more evil, because there are more evil attempts like scam, fraud, ponzi in bitcoin and there are no way you can get your money once you already being scammed, in paypal maybe there is still a way to stop scammer, but in bitcoin its a wild world
no i am not agree with you. bitcoin is not evil. it is a decent currency just like other fiat currencies and that is depending on the people who are using it and the purpose they use it for. i think the evil can be the people who are using it for wrong deed otherwise bitcoin do not have such an intention by itself. 
I don't know about "Evil" but I know bitcoin is more vendor friendly that PayPal as well as more direct, Don't send a payment if you are uncertain about it, Although the no-reversal rule can help scammers but people should use their judgment when sending BTC in the first place.
YEha, it should think about. because in doing so we do not have a risk in anything thing that only our own detriment. BTC is a place that is profitable, but if we do something wrong then it's not an advantage that we get but a loss because of wrong doing. better save bitcoin and don't ever think that bitcoin can be used in all sites or places, as many are now popping up sites that only do a scam.
Yes. Next question?
Bitcoin can not freeze you money and business for 6 months like paypal does everyday.If paypal wants to freeze the money of your business for 6 months for no reason so they can earn free interest on your money for half a year I would say that is evil.Imagine you buy and sell merchandise and your money to work with is seized by paypal becasue you login from another location and now your familys income is damaged for a half a year -
that is evil and not to be tolerated and can not happen with btc
that is evil and not to be tolerated and can not happen with btc
Why you guys compare bitcoin with PayPal. Paypal is just a money transfering system where as bitcoin is a cryptocurrency. Well you can compare Paypal with bitcoin wallet because both servers the same purpose. So both of them have their own advantage and disadvantages sop both are needed in my view.
Paypal has had a history of freezing peoples accounts, having excessive control over their terms and conditions cause they were regulated by Government bodies and Reserve Banks. They also often charged hefty fees for even the most minor transactions that cause most of us to not being able to withdraw to our banks cause of not having the minimum withdrawal amount. At a later stage, Paypal wasn't even allowing people in my country to purchase from paypal merchants out of my country. It's very restricted unlike Bitcoins.
Well there are concerns to be handed that's why in other countries Paypal restricted some services. Since Paypal company they have to involved in talks in terms of any financial thing of the said country.
Yes they are really strict in some regulations but no doubt that it was helpful in other matters.
Paypal has had a history of freezing peoples accounts, having excessive control over their terms and conditions cause they were regulated by Government bodies and Reserve Banks. They also often charged hefty fees for even the most minor transactions that cause most of us to not being able to withdraw to our banks cause of not having the minimum withdrawal amount. At a later stage, Paypal wasn't even allowing people in my country to purchase from paypal merchants out of my country. It's very restricted unlike Bitcoins.
Paypal is subjective - meaning the interpretation of Paypal's rules is undefined and is open to an individuals (someone at Paypal) interpretation of perceived facts. It is therefore open to abuse and can't be fully predicted.
Bitcoin is objective, there is no interpretation and its functionality exists without any subjectivity.
I would think Evilness will come from bad decision and interpretation, something that is impossible with Bitcoin.
Bitcoin is objective, there is no interpretation and its functionality exists without any subjectivity.
I would think Evilness will come from bad decision and interpretation, something that is impossible with Bitcoin.
It is the way it is used not the way the company goes. There are some errors with Paypal when some funds are lost or regarding transaction where fees are somehow larger but it does not mean it is evil. There is a support that can be contact to clear this all.
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