Bitcoin Forum

http://s7.postimg.org/eunsgscaj/worldchanger.jpg

If .... Discuss image

But, who the hell would leave more than a couple of hundred sitting on paypal?

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.

Nice photoshop image.
It may happen in a couple of years.  :D

I think you're overestimating the importance of Paypal. They're not alone in the fiat payment space anymore and conversion from Bitcoin to fiat money will become obsolete if you can buy anything directly with Bitcoin. Actually, I'm quite sure that PayPal will not be around looking ten years into the future...

Bitcoin is already in healthy organic growth. It's more likely that the Bitcoin ETF will trigger another hype cycle than a new payment provider. (There would be a positive effect for sure, but it would not be significant longer term I think.)

ya.ya.yo!

Its all about critical mass and the moment 15.3 million paypal users have an option of buying and selling bitcoin on their paypal dashboard ...immediately overnight there is a whole new market of users. Couple that with businesses getting their Bitcoin integration in order and you have what would be by all accounts a commerce revolution.

Well, ten years into the future fiat money will still exist for sure so.. what if not paypal is going to be going that sort of bridge service between fiat and internet transactions?

I agree. Paypal is really not as heavily used for P2P payments as it was 10 years ago as it now has many competitors who have major market share. IMO paypal accepting bitcoin would be more beneficial to paypal then it would to bitcoin

Absolutely! Even paypal feel the competition pressure from other kind of payment processing company, especially from the cryptocurrency bitcoin. So they change their strategy to integrate bitcoin to their system.  If they don't adapt to the changing economic environment, they will die soon.

I do not think Bitcoi8n needs paypal, imagine of all thos places listed on the statement just accepted bitcoins freely. If you let Paypal get their grubby hands on Bitcoin you now have a messed up system by using them. You will see magical fees and they know they have the power to destroy new people. If new people are comfortable with paypal but know nothing about Bitcoins, they will see these astronomical fees paypal has added to bitcoin transactions and thus be deterred from farther adapting or using bitcoins straight out. i am not excited to see paypal involved with bitcoin in any way. I just see fees on top of fees, much like the ones we see on our cash transactions thru them now.

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

Collapse of value of US dollar would do it.

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

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... ;)

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!

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.

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

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

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  :-X

Of coarse they would be able too.

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

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. 

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).

They're working with CoinBase through the CoinBase API.

https://www.coinbase.com/clients

Nice to know thanks.

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.

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

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)

We don't need paypal.

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.