Bitcoin Forum

Bitcoin set to overtake PayPal in 2014

PayPal is owned by the 13 inbred European Bloodlines of the Terrorist organization Illuminati. Bitcoin is meant to be "the" decentralize cryptocurrency to take them down.
http://www.cryptocoinsnews.com/news/bitcoin-set-overtake-paypal-2014/2014/05/25

I also heard Jesus Christ is returning to earth sometime later this year.

Wow, a hedge fund invested heavily in bitcoin declares they expect bitcoin to surpass paypal by year end.  I'm sure there is no conflict of interest there  ::)

I sure hope ANYTHING overtakes paypal. Been waiting for Paypl to die for some time. I've probably lost thousands to there broken senseless policy's. The worst currency site I've ever dealt with hands down.

btw does anyone know what paypal does with your funds when it's frozen? do they just take it for themselves and pocket it or where does it go?

Sensationalist claims like that do NOTHING for the legitimacy and growth of the bitcoin community. Be realistic please, Bitcoin will not outgrow Paypal in 1 year...we have a long time to go before we start to really challenge the existing monetary systems.

I would wager they get a decent interest rate on the funds they freeze for months at a time. It stuns me to see people here that will line up to use them for BTC transactions.

imagine if your bank were going around looking for accounts to "freeze" the assets of... just so they could somehow just steal your money. so many people would be enraged.

You don't have to imagine that, it already happened, see Cyprus.

+1

Paypal downfall has been and will continue to be their bad customer service and the way they freeze you money for months. I would love nothing more than to never read another piece on PayPal (good or bad) for as long as I live.Go Bitcoin!

Yeah my first reaction to the article was that it read like an advertisement for the company, honestly.

They mention the company name way too many times.

Human dishonesty / shadiness never fails to disappoint.

-B-

No. Satoshi Cyber-Christ is coming.

as mush as we like to see bitcoin grow and overtake Paypal one day But this article was totally Biased ..!

I just went to register the same, and then I saw your post. Totally agree with you

I'm hoping for the same to happen. However I don't think it will be possible in less than a year. That's sensationalist marketing.

Just HODL and be patient... Bitcoins' time will come... :)

ya.ya.yo!

Paypal would have been extinct ages ago. But just because Ebay and other online retailers such as Amazon are supporting them, they are able to survive. Now with Bitcoin around, they won't survive for too long, even with the help from Ebay.  ;D

paypal is huge, and multiple merchants support paypal payments (newegg, tigerdirect i believe, and a bunch of other online retailers). they are too big to just disappear overnight. maybe they start to see some attrition, but that doesn't mean they'll be marginalized by bitcoin.

I would love it if this happens. PP needs knocking down a peg or two. They need to rethink their fees and I hope bitcoin forces them too.

their fees are high because they either destroyed or bought their competition.. that's capitalism for you.

Most merchants that accept paypal are very small businesses (and eBay sellers). IMO they are being taken advantage of because there is very little competition. Bitcoin provides that competition.

It's not only that. The fees are high because of what it costs them. You can see it in what happened to Dwolla. Dwolla thought that they could come in and undercut PayPal. But then they found out that it's a lot more complicated then they thought and basically became just another PayPal.

I hate PayPal but it's the underlying system that's really the main issue.

I stopped reading at "illuminati". Anytime I see that conspiracy theory bullshit, I know it corresponds with a low IQ, and I swiftly lose interest.

Not too sure about their sums here in this article. Overtake Western Union/PayPal THIS year? Bitcoin is nowhere near the volume for same purposes as they are.

Would you say that it is expensive to install consumer protections?

Ask them to throw this up as a bet on betmoose - I'll gladly counter it. Maybe in 2016/2017, not this year, sorry.

I think its just an attempt to keep the up price momentum going.