Bitcoin Forum

They're running attack ads on Apple's new payment system. COMPLETELY ignoring the fact that Paypal is as hackable as any online system and COMPLETELY ignoring the fact that they often shut down member accounts just so they can keep the money. http://www.wired.com/2014/09/paypals-attack-ad-shows-apples-power-inspire-fear-loathing/?mbid=social_fb

They should be scared. They are a shitty company that steals and locks accounts for no reason. I haven't seen any attack ads personally but the one listed on that site is weak.

Hopefully Google Wallet and Apple Pay will take away their grasp on online payments and p2p transfers.

but they are reliable in that you can dispute payments and get refunds, something which still leaves the bitcoin open to scammers...still.

scared? i don't think so but it look like a political election. Don't show how good you are, show how bad the other is. Typical advertising by a company that nothing more to offer than the other one.

never had a problem with paypal. still use it but carefully.

Bitcoin was like...

https://c1.staticflickr.com/3/2053/5740946006_7b22a14742_z.jpg

and Paypal was like...

http://www.troll.me/images/kevin-hart-iz-mad/noooo-im-not-ready.jpg

plus you can't buy drugs or guns with paypal...yet!

True enough this may be apple were talking about and while they compete with bitcoin the fact that were seeing some serious movement in the field because Bitcoin is shaking things up is good for all consumers in the end.
Plus paypal is a beech.

They lock accounts because they cannot be certain as to who "owns" certain money in the account due to their charge backs policies. I think this will ultimately lead to the demise of paypal because someone with a balance in their account does not truly know if they will be able to actually spend the money. It is like having a transaction be "unconfirmed" for months while having the possibility of a "double spend" against your account.

Never mind. Anyway, I do not use palpay and apple  ::)

Well crafted answer. This hits the nail on the head regarding paypal. While basically describing how the fundamentals of how bitcoin and a new business model is born.

Bitcoin does seem like it has quite a lot of potential to change the world drastically if it can take hold.

Between Apple pay and bitcoin, Paypal days are numbered.

Bitcoin is not scared, it is unique.

It would be great to see Bitcoin and cryptos take over heavily flawed centralized currency and payment systems like PayPal in the next 5-10 years.

interesting to say the least.

Bitcoin does seem like it has quite a lot of potential to change the world drastically if it can take hold

Paypal would own alot of Bitcoin

Great description.

They will also reverse transactions and put you into the red if they think there is ANY suspicious activity. The money in the accounts is not really yours and at any moment can be taken away from you under broad reasons of suspicion. Hopefully people realize these downfalls and stop using them altogether. 

Paypal could taken over by the govt and when the system collapses the govt could be the vendor and we be the buyers and they could regulate resources that way. Just an idea..

The user base of Apple pay is too small.

Paypal is about to accept Bitcoin, so it's in our interest that all goes well with Paypal now, even tho we don't really need this company to function, the Paypal brand is huge and if they adopt Bitcoin, a lot of clueless people that know Paypal (basically most average joes that do online shopping know Paypal) will now know Bitcoin.

I am a user of Paypal. If I can store digital coins there, it would be excellent.

When bitcoin proponents attack Paypal its different though because bitcoins have never been stolen

This is a laugh, 3d printing is to be used for printing medication, and the liberator gun is free on pirate bay.. who needs theiving paypal?

Divide and conquer.

And neither are they given.. or at least you'd be dead before you can appreciate the actual value of working for bitcoin.

Paypal will never be a "friend" even if it accepts bitcoin at some point.

True, paypal see an opportunity to make money, they're trying to take that opportunity. We'll have to see how they handle things when dealing with scammers.

Paypal are dumb as should be tooken down

Yes, but it's not an opportunity to make money. It's desperation not to loose money.

Paypal = ebay ... ebay had a significant security breach not long ago, with the majority of its users' addresses and password hashes sniffed by hackers. So Paypal should better:
1) shut up because of no credibility
2) shut down because of bitcoin

It's better for everyone to see these crooks vanish.

ya.ya.yo!

How to deal with scammers is the most important thing in BTC related trading.

PayPal scared? Why exactly, people who own a lot of BTC should be scared because BTC value will continue decreasing

I would agree with you on that one, just hope we are both wrong

When bitcoin proponents attack Paypal its different though because bitcoins have never been stolen

Paypal is bad, it should die for closing user account without reason and keeping their money for 6 months

Amen to that!:)

PayPal should be scared. They should just shut down so no one else gets hurt.

Paypal will start accepting bitcoins soon:
https://www.paypal-community.com/t5/PayPal-Forward/PayPal-and-Virtual-Currency/ba-p/828230

Paypal is doing good for bitcoin.... to their own demise

I beg to differ with your argument. I believe that the company is simply changing its ways in order to adapt to the rapidly changing financial landscape.

I agree with you. Because BTC offer more privacy than PayPal.

This is just the start. It will roll out world wide in the future.

Starting off with the fact that to outrank PayPal, Apple Pay should outrank Android first.
And statements such as PayPal's days are over, it's rediculous. How do you see every user writing down his VISA card info in suspicious websites just like that if he doesn't want to go hipster? huh

Now that also want to steal bitcoin. We should all ban Paypal!

is good to remember that if you use paypal you gotta be careful, and try to don't keep big ammounts of money on paypal, actually that website has been showing a weak side for hacks.

That is a good suggestion. I do not keep money in Paypal. But I do have a direct debit set up with Paypal, it can take money from bank account at any time. I wonder if that is also vulnerable to attack.

Paypal and bitcoin is now working hand in hand to

More like Bitcoin is Paypals bitch.

The spelling of Bitcoin is closer to bitch?

Only a little bit.

Bitcoin and Paypal can grow side by side and a bit together as well

Paypal has actually innovated in terms of paying on internet