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Topic: Paypal is the first digital currency... - page 4. (Read 634 times)

legendary
Activity: 2282
Merit: 1023
November 04, 2017, 05:15:37 PM
#5
I would add "anonymity" to cryptocurrency but it is controversial argument. I have read somewhere about software which allows to track transactions and analyze it.
Bitcoin is not provide any anonymity ,how would you consider a public ledger to be anonymous ,it is transparent and every tokens send and received are available for everyone to see,paypal is a service aimed to send and receive money and not a currency . Tongue
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
November 04, 2017, 04:57:52 PM
#4
I have been using paypal for a long time now and I feel that it is nothing like crypto. Firstly, banks need to authorize all my transactions before processing them which shows how centralized this digital currency really is. Second point is that paypal provides a digital form of fiat currency and is not actually a digital currency itself. Third point here is that paypal transactions are not anonymous at all while crypto transactions are mostly anonymous in nature.
wwh
member
Activity: 160
Merit: 10
November 04, 2017, 04:50:27 PM
#3
I suppose there is a huge difference between PayPal and cryptocurrency at first sight:
- centralized system of PayPal and decentralized system of cryptocurrencies
- blockchain based transactions and balances of wallets are public
- transaction via PayPal can be returned, not like for cryptocurrencies
...
I would add "anonymity" to cryptocurrency but it is controversial argument. I have read somewhere about software which allows to track transactions and analyze it.
newbie
Activity: 55
Merit: 0
November 04, 2017, 04:35:15 PM
#2
I suppose there is a huge difference between PayPal and cryptocurrency at first sight:
- centralized system of PayPal and decentralized system of cryptocurrencies
- blockchain based transactions and balances of wallets are public
- transaction via PayPal can be returned, not like for cryptocurrencies
...
full member
Activity: 224
Merit: 101
HEXCASH - Decentralized Fund
November 04, 2017, 06:27:14 AM
#1
I want to hear you guys why PayPal is not a digital currency and maybe Mr. Satoshi Nakamoto saw the benefits of Cryptocurrency after PayPal that's why he came up with the idea and create that simple idea into reality.

Let's talk about it...
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