The reasons given for supporting Bitcoin over PayPal are vague.
Bitcoin is universally compatible, and can be accessed in all over the world, provided there is an internet connection. However, with PayPal there are at least 50 or more countries that do not have support its online payment system.
It's the case that bitcoins are not recognized or legally accepted by the universe as compared to PayPal which is legal. There's a huge difference when the Reserve Bank of a country accepts this payment mode while doesn't legalize bitcoins.
Another statement:
PayPal still manages to charge its customers 2.9% plus $0.30, and 2.5% foreign exchange fees on each transaction. Meanwhile, most bitcoin systems charge a 1% fee for converting bitcoin into any local currency.
Bitcoins are heading towards charging more fees than PayPal. With a fixed fee of 100 satoshis per byte, the cost to confirm each transaction would be based in terms of bitcoins and not a local currency. In case of PayPal, the amount of USD doesn't fluctuate to that extent as it's stable. People have ended up paying $0.5 for a transaction of $10 which is almost same or more than what PayPal charges.
Regarding gambling and regulation, I agree that taxes apply with fiat and bitcoins have been able to help users save these taxes but ultimately when we convert it to our local currency, the taxes do apply. Gamblign is anyways not legal in many countries.
