Topic: Why should I use Bitcoin instead of Paypal? (Read 4315 times)

Asking this you're showing you don't have a clue about how paypal works... so, you better stay away from both (btc and paypal) 

Eatrader in my personnel opinion you have took a wrong topic instead you should write on PayPal advantages over bitcoin or any other crypto currency. Like PayPal is financed by your real fiat currency while bitcoin is a digital currency backed with nothing I guess. You could see how china is beating bitcoin these days

I made my first non-BTC related purchase using BTC a couple of days ago - a pro account at putlocker.com

Overall, very impressed with how easy it was. And it was instant too (low value, so I guess they chose not to wait for confirms).

Scan QR code/copy unique BTC address, pay.

Put that in a super secure mobile app and boom, we're good to go.

(Is there such an app - Electrum Mobile would be ideal - that uses the same wallets as the full app on your PC?)

MY EYES!

This is intresting i would like someone to answer at this one ...

I am italian but i live in another country so basically i am depositing trough my ita bank account and cashout out profit to some other bank But i guess that's not that safe .. and i am quite sure that i am suppose to pay some tax in italy for the "profit" that u make trading bitcoin ..

So i am really intresting on earing how to "avoid tax"

Hmm... Comparing a U.S. based business which primarily holds a currency at a razor thin safety margin which is going to inevitably crash to a decentralized state of the art Bitcoin, sounds legit.

Plus I was straight up robbed by Paypal, the seller claimed he shipped, then I contacted them when I found out he didn't, they told me to wait 10 days, I have waited 10 days, contacted them again and they told me that it's too late to reverse the transaction. Lost 400$.

1. There are no fees (optional)
2. Once the payment confirms bitcoin cant take it back
3. Paypal is just an ass
Rainbow Text Created at http://freebitcoinfaucet.com/bbcode/

There are a lot of limitations as far as this aspect is considered. If it is a small number of coins, then it is fine. But how can you cash out hundreds of coins without alerting the tax authority? I have no idea.

Avoid tax
Avoid fees

Good read, hope to see more positive articles.

Had a discussion with the guys. Caleb really wanted to write this one.  He did a great job. Enjoy!

http://www.cryptocoinsnews.com/2013/12/18/bitcoin-vs-paypal/

There's definitely a place for PayPal, and similarly, cryptocurrencies such as Bitcoin. Good way to sum it.

These answers are amazing.  I would argue that 70+ replies is the reason that "I" should use Bitcoin.  Head over to r/Ebay and all you see is horror stories and problems, but in the Bitcoin world, there is a community bound together to assist.  

The judicial systems around the world attempt to build a foundation of "forced" trust in business deals. Enormous costs are associated in creating, managing, and enforcing these systems.  Judges, lawyers, and law enforcement to name a few.  Bitcoin erases the need for these systems, in order to have a trusted transaction.  It is this judicial system.  And to that end, Bitcoin is liberty and freedom.  Freedom from the need of these systems that are shaped by lobbyists and political agendas.  The founding fathers of the US believed in Liberty and Freedom.  They taught us that when the government fears the people you have Liberty, but when the people fear government, you have tyranny.  Tyranny is the breading ground for improper allocation of public resources, even from the most altruistic person/entity.  

Paypal simply leans on the judicial system to run an online payment processing service.  They sit as judge and jury because they know that they can lean on the judicial system if needed.  There really is no other way to play the game in that world.  They are credited for being a snitch once in a while.  Give a few to slaughter, so the public systems don't look over the fence and start putting more restrictions on Paypal.  I say they are doing a pretty good job overall.  What you are telling me is there will always be a place for PayPal.  There is not contempt within Bitcoin community for Paypal, and I am actually relieved.  The story has more merit than ever because of this fact.

I simply chose Paypal because of it's adoption.  Not to beat them up.  I think the world needs to understand that the Bitcoin community is not bashing them.  Especially in light of this article  http://www.cryptocoinsnews.com/2013/12/11/paypal-president-david-marcus-bitcoin-good-nfc-bad/. But the public needs to be educated on the benefits of using Bitcoin to transact.

My next step is to PM some of the people on this thread.  Some suggested interviews so I will reach out.  This story needs to be explained properly.  

Sounds like usury rates when compared to Bitcoin.

They ban you from using it on a lot of things, like shops from the sex industry or other such stuff they deem 'unsavoury'.

Another thing I just remembered, relating to "paypal being involved in politics" under my original post: Paypal doesn't like it when you use their service to buy anything gun related (even accessories), whether it's from an official store or not.

If that matters to anyone. But the fact they won't let you use your money on a product because they deem it unworthy, is unsatisfactory.

The question should be: Should paypal use bitcoin instead of USD? And the answer is no, they serve different purpose, like comparing nuclear warheads against pistol bullets

Bitcoin is a digital asset, which is more suitable for other much more important things than online shopping

In all honesty, PayPal is a good thing. It was a revolutionary way of sending money over the Internet which is badly needed and helped to improve commerce online for millions of people.

But it was a transitional solution which required a central company to work on it in order to take it through the baby steps in the beginning to the point where people are comfortable with sending money online today.

Bitcoin improves upon this idea and takes away the overhead and complication of a central solution and distributes it. This allows for the added benefits that Bitcoin provides in an environment where online transactions are the norm without the need to completely revolutionize the way people think about spending money.

that sounds about right.. probably something like $4.30 or something around there. and if you sold on ebay, don't forget to add another $15 or so. seems like they keep ebay and paypal technically separate so they can double charge the fees.

Paypal charged me $5 for a $125 transaction.