One event ...could hyper-accelerate adoption

alumar

full member

Activity: 208

Merit: 117

Quote from: fenican on November 25, 2014, 08:23:58 PM

Nobody would trust PayPal with their BTC - Pay Pal's business model is to confiscate customer funds as frequently as possible - they are a key reason why BTC is $350 instead of $.10

I get some individuals trust issues ... obviously its a case by case bases; however, the numbers dont lie. Millions use paypal daily, millions have paypal accounts and at a very basic level if people use it to bridge a quick way to buy crypto ... If we like it or not provides the footprint to bring in potentially ten's of thousands (dare say millions) to leverage a platform they are obviously already comfortably with to handle bitcoin purchasing/conversion and acceptance in receiving with their existing infrastructure.

fenican

hero member

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Nobody would trust PayPal with their BTC - Pay Pal's business model is to confiscate customer funds as frequently as possible - they are a key reason why BTC is $350 instead of $.10

LFC_Bitcoin

legendary

Activity: 3556

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#1 VIP Crypto Casino

We don't need paypal.

franky1

legendary

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Merit: 4794

Quote from: kolloh on November 24, 2014, 07:14:27 PM

Would Paypal be able to freeze your account and your bitcoins? I've heard some horror stories about people when keeping large values in paypal.

Definitely would bring it more to the masses for sure though.

if you dont own the private key to the 'deposit address' within paypal.. then you have no control. thus paypal can freeze funds by declining to process your withdrawal request.

use circle/exchanges/otc's and paypal to only buy/sell coins and then... MOVE THE FUNDS OUT!!!! only store funds in your own sole control(private keys only you have access to)

247casino

newbie

Activity: 56

Merit: 0

Busy new casino site with 10M users would pop btc

Busy new 10 cent music download site with 100M users would really pop btc

USES fuel btc not merchants and not investors

When people MUST BTC to do a vice or new inexpensive old service redone to use low cost btd trans fees, that will fuel USERS

No need to acquire btc, btc = 300 bucks

10M users btc = 10K
100M users btc = 100K

countryfree

legendary

Activity: 3066

Merit: 1047

Your country may be your worst enemy

Paypal wouldn't change much, and your image is wrong. I have a paypal account with several currencies in it, and it doesn't look like that. It happens often that I'm getting a payment in US $ ,then I'm buying something in €, but I don't like it as there are fees. BTC is better because it's international.

tzortz

hero member

Activity: 728

Merit: 500

Nice to know thanks.

AJinNYC

member

Activity: 84

Merit: 10

Bored with you morons.

They're working with CoinBase through the CoinBase API.

https://www.coinbase.com/clients

TheButterZone

legendary

Activity: 3038

Merit: 1032

RIP Mommy

Quote from: spazzdla on November 25, 2014, 02:19:39 PM

Quote from: kolloh on November 24, 2014, 07:14:27 PM

Would Paypal be able to freeze your account and your bitcoins? I've heard some horror stories about people when keeping large values in paypal.

Definitely would bring it more to the masses for sure though.

Of coarse they would be able too.

Unless you and only you know your private key your bitcoins are not yours.

What PayPal could do is have you put your BTC address or master public key in there that you generated offline, then when you complete checkout, give you an unsigned TX with your inputs which you would then sign on your own computer (or with some signing device) and give that back to PayPal. PayPal would never control your private keys, only know your addresses to facilitate you getting paid with only your registered email address(es).

Ron~Popeil

sr. member

Activity: 406

Merit: 250

I can see the value if bringing it to the masses in a big way but paypal has some trust issues that make it a non option for most hard core bitcoiners. Hopefully something native to the bitcoin world like Circle etc. develop a market share that is comparable to paypal.

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: kolloh on November 24, 2014, 07:14:27 PM

Would Paypal be able to freeze your account and your bitcoins? I've heard some horror stories about people when keeping large values in paypal.

Definitely would bring it more to the masses for sure though.

Of coarse they would be able too.

Unless you and only you know your private key your bitcoins are not yours.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Quote from: ebliever on November 25, 2014, 12:46:20 PM

I would not trust Paypal with my bitcoins. As others say, keep as little with them as possible.

yep, but i guess the mainstream would "love" it Lips sealed

ebliever

legendary

Activity: 1708

Merit: 1036

I would not trust Paypal with my bitcoins. As others say, keep as little with them as possible.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Quote from: kolloh on November 24, 2014, 07:14:27 PM

Would Paypal be able to freeze your account and your bitcoins? I've heard some horror stories about people when keeping large values in paypal.

Definitely would bring it more to the masses for sure though.

i can say: they are true. dont store money (fiat and BTC) at paypal.

Flashman

hero member

Activity: 518

Merit: 500

Hodl!

Quote from: jonald_fyookball on November 24, 2014, 11:21:13 PM

i had a few thousand in mine for a about a year before i spent it

Congrats, that's probably like winning a big lottery.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Get a APP where both Bitcoin & PayPal is accepted as payment method.
Buy with PayPal and let this website pay out free golden eggs, for the same value in Bitcoins. ^HeH^
There are many ways to use PayPal to the benefit of Bitcoins.

Some of the millions of users of PayPal are already adopters of both technologies anyway.

yayayo

legendary

Activity: 1806

Merit: 1024

Quote from: Flashman on November 25, 2014, 07:35:58 AM

Quote from: bornil267645 on November 25, 2014, 12:13:15 AM

Some people are suggesting that central banks could fuel the next bitcoin run.

That's only because they're doing a round of fiat devaluation.

I think it will not be a round. Money supply will be more like an exponentially growing curve... Wink

That's why we should better compare Bitcoin's value to commodities like (precious) metals, oil & gas, wheat & coffee... fiat money comparison will soon become a measure without informative value.

ya.ya.yo!

Flashman

hero member

Activity: 518

Merit: 500

Hodl!

Quote from: bornil267645 on November 25, 2014, 12:13:15 AM

Some people are suggesting that central banks could fuel the next bitcoin run.

That's only because they're doing a round of fiat devaluation.

bornil267645

sr. member

Activity: 406

Merit: 250

AltoCenter.com

Some people are suggesting that central banks could fuel the next bitcoin run.

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Collapse of value of US dollar would do it.

https://www.youtube.com/watch?v=dQdmsL147j0

Topic: One event ...could hyper-accelerate adoption (Read 2306 times)