Actually, there is a high cost to use fiat, considering inflation.
It was true years before, but nowdays inflation has changed to nothing or to deflation... Cost can appear when you take the services of a bank or financial institute. Bitcoin has also cost, but it cannot be compared to the banks'. |
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Maybe it's easier than we think. Paypal needs Xapo only for currency conversation, and that's all for now. Paypal deals with currencies (USD, EUR, etc...) and Bitcoin is a currency too (and a payment processing system too, but, Paypal has already it's own payment processing system, so they think only Bitcoin as a currency now). So if Paypal start to accept payments in Bitcoin, maybe the seller won't get the payment in bitcoin via the blockchain, but Paypal will arrange the exchange from bitcoin to a fiat currency which the seller prefers. This means, Paypal's system won't change, they will only accept a new currency. That's only my idea, but time will tell... |
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PayPal is slowly dipping its toes in the bitcoin waters. The company has partnered with Coinbase, a virtual currency wallet and exchange, so Coinbase users can sell bitcoin and cash out to their PayPal accounts. Buying bitcoin isn’t possible yet, but the small integration is a noteworthy first step. PayPal did not immediately respond to Quartz’s request for comment. While bitcoin and its underlying technology, blockchain, has caught Wall Street’s attention, consumer tech giants have largely stayed away from the technology until now. Recently, Quartz reported that Airbnb “acquihired” a bitcoin company and its engineers. Other tech giants, like IBM and Microsoft, have been exploring blockchain tech more closely. IBM developed open source code that’s being used in the Linux Foundation’s Hyperledger consortium. Microsoft has been integrating blockchain services into its Azure cloud platform. Behind the scenes, PayPal’s been showing signs of interest in virtual currencies. A recently published patent application from PayPal shows the company has explored integrating bitcoin and other virtual currencies like LiteCoin and Dogecoin into physical smartphone payments. The patent application was filed in December 2015. PayPal also held a hackathon in December, according to multiple sources with knowledge of the event. The purpose? To find out new ways for PayPal to use bitcoin and blockchain technology. The attendees included Snapcard, a B2B bitcoin payments company, Coinbase, and Chain. Developers tested things like cross border payments, merchant processing, and creating a digital wallet using bitcoin. For bitcoin’s growth, even a slight interest in bitcoin on PayPal’s part would be a big win. PayPal has over 180 million customers and processed $1.4 billion in payments in the first quarter of 2016. The payments giant recently added Wences Casares, CEO of bitcoin wallet Xapo and a renowned bitcoin advocate, to its board of directors in January 2016. http://qz.com/713528/paypal-is-warming-up-to-bitcoin/I'm just wondering why everyone (or most of them) are really happy because of this, and say these are very good news... If Paypal will adopt Bitcoin, then Bitcoin will be only one currency in Paypal's system, after USD, EUR, etc.... This means for me, that Paypal won't let their system change (I mean the buyer/seller protection part), so they will develop a system for Bitcoin (maybe a kind of escrow system) to let the Bitcoin payments be reversible in the future (e.g. they will only credit the funds only after a successful transaction, after the watiting period, and for the time, they will escrow the funds somehow, to be able to reverse the transaction, if neccessary). It's Paypal who will win bigger, if Bitcoin join. Also, Paypal will only accept Bitcoin payment from the users, who has completed the AML, KYC, etc. requirements, so Bitcoin won't be anonymous anymore, if using Paypal. |
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May I know the reason why does Paypal do not accept bitcoin as payment and/or deposit?! I know that Bitcoin is known widely on the internet so Paypal should accept it as a mode of payment since their forte is through the internet. I hope that someday, PayPal will acknowledge Bitcoin and put it as one of the mode of payment in their site. It will be very convenient for us.
I think this news was about a month ago or a few weeks back, not too sure. Paypal has only announced its interest in adopting bitcoin to its payment service, but there's no concrete plan yet. One probably reason why paypal has done this is to be one of the early adopters of bitcoin and be able to set the standards for fees, which they kind of had done with cash. I'm just afraid that their fees would go too much. News were about the availability of cashout to Paypal account, if you sell BTC, only for US people, so it's only a little step. The main goal would be the acceptance of Paypal when you buy BTC, but the interest of Bitcoin and Paypal is not the same in these kind of transactions, so we'll see it if it will be worked out or not at all... |
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Yes, why wouldn't I? 99.99% percent of what I use Paypal for BTC can not be used.
You don't think BTC is a replacement for PP, do you?
It's surely not a replacement, bitcoin is a currency, Paypal is a payment processing system only, that uses a lot of currencies except bitcoin. Bitcoin has also a payment processing system, but Paypal has a buyer (and sometimes seller) protection system, which bitcoin doesn't have. Interesting thing is, that if you have easy access to Paypal (not restricted country, can prove your identity), you think twice if you want to user bitcoin, where you don't have protection, if you are a buyer, instead of the Paypal system. If you live in a country, where Paypal is really strict, bitcoin can be the only possible solution, which is understandable. So based on your circumstances, having both Paypal and bitcoin accounts are possible. |
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Nem vagyok egy nagy banyasz, inkabb kereskedni szoktam. Nincs kapacitasom sokaig banyaszni, ezert ezt inkabb masokra hagyom :-) Viszont amikor kiprobaltam, es szembesultem a videokartyam lassusagaval, akkor ez alapjan allitottam be mindent: https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/Ha ez alapjan nem menne, van technical al-forum itt, biztos szivesen segitenek. Megjegyzem, hogy sztem mennie kell a leiras alapjan ha megfelelsz a felteteleknek :-) (pl win64bit) Esetleg tipp kereskedéssel kapcsolatban az induláshoz? Forex-et ismerem nagyjából, gondolom, valamiben csak hasonló lehet  Angol link is érdekel, az a baj, hogy keresgélni nincs időm utána, örülnék, ha valaki utat mutatna, főleg magyarul Kereskedéshez hireket merre kerestek? Vagy itt nem hirek alapján megy a kereskedés? Köszönöm előre is Itt vagy inkább twitter-en keresd Magura-t bizalommal ( https://bitcointalk.org/index.php?topic=1350569.0 ). Magyar kolléga, s kereskedés a fő profilja - némi ellenértékért mindenkinek segít, hasznosan. Köszönöm, ez mélyvíz ahhoz képest, ahol kezdeni szeretnék De utánaolvasok máshol és ha felnövök a feladathoz, csatlakozok |
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I would have to pick Paypal over bitcoin for now. Because paying with bitcoin is not everywhere available as payment.
Unless you exchange and pay with that money, you will be paying indirectly with bitcoin money.
I would also pick Paypal because the fact is that Paypal is just more accepted worldwide so you can buy more stuf with Paypal then with Bitcoin. I think that this maybe is going to change in the future. Paypal's buyer protection makes it better for consumers, but less good for companies who are victim to scammers and paypal high fees. With bitcoin it is the exact opposite. So depending your status you may choose one above they other. Guys, somehow everyone miss the point, I guess. You can't compare apples to oranges at all. Bitcoin is a currency. Paypal is a payment management and customer protection system. Paypal is not a currency, so it's not a competitor to Bitcoin. If Paypal wants it will start accepting Bitcoin in their system like you can use the other national currencies in their system (but they won't include Bitcoin). Paypal's advantage is the buyer's protection system. It has saved my money several times when I was a buyer and bought something from a scammer. Bitcoin doesn't have a similar _and_ simple buyer's protection system yet. It really needs to have it as soon as possible, and that will be the moment when most of the buyers who use Paypal (just because of the protection) will change their mind and start using Bitcoin. Sellers can use bitcoin now without any problem, they doesn't need protection if they sell for Bitcoin. |
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Nem vagyok egy nagy banyasz, inkabb kereskedni szoktam. Nincs kapacitasom sokaig banyaszni, ezert ezt inkabb masokra hagyom :-) Viszont amikor kiprobaltam, es szembesultem a videokartyam lassusagaval, akkor ez alapjan allitottam be mindent: https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/Ha ez alapjan nem menne, van technical al-forum itt, biztos szivesen segitenek. Megjegyzem, hogy sztem mennie kell a leiras alapjan ha megfelelsz a felteteleknek :-) (pl win64bit) Esetleg tipp kereskedéssel kapcsolatban az induláshoz? Forex-et ismerem nagyjából, gondolom, valamiben csak hasonló lehet Angol link is érdekel, az a baj, hogy keresgélni nincs időm utána, örülnék, ha valaki utat mutatna, főleg magyarul Kereskedéshez hireket merre kerestek? Vagy itt nem hirek alapján megy a kereskedés? Köszönöm előre is |
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If i can tell you why you should use the bitcoin no one will ever use it. Paypal gives warrantys people dont you turst that better then when you pay just with coins and you dont know if you are going to get the package.
That's true, bitcoin doesn't give you any warranty in connection with your original business (buying something online) just gives you a payment service. It needs to be upgraded to be more trusted |
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You are bad at judging, my price is 1 BTC. Pfff.LOL.No thank you. It seems that you should really raise the reward (not to 1 BTC but significantly) until you find someone who solves your problem, if you cannot solve it on your own. 0,01 BTC is not the amount I will consider to start thinking on your task at all. I'll keep an eye on this topic from now on, we'll see the outcome sooner or later. |
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As far as I understand, it's not about copying transactions, but to copy the amount of transaction fee..  But im still waiting for confirmation from OP. It's about copying the transaction, not the fee I am pretty sure I can set the fee myself.This explains it very well https://bitcointalk.org/index.php?topic=1459255.msg14783361#msg14783361 I do not know how to explain it in another way. Maybe you should address your requirements in a more specific way, maybe ask for professional coders' help. Members are interested in your task because of the 0.01 BTC reward and asking questions to fulfill your requirements. Maybe they're not only sig spammers, but want to help you (and get the 0.01 BTC of course). So if you can explain a bit more detailed how to create a transaction like the one you need, more people could help you. If you don't know how to create such a transaction, maybe the easiest is to ask for the help of experts here on this forum. Anyway, I'm also interested in the 0.01 BTC, just let me know (really detailed) what to do, and I'll do it for you. |
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Spreadsheet has been updated ! Allow us sometime to submit payment, it will arrive in few hours (I guess) !
Thank you to everyone !
Just checked the spreadsheet and found that one Full member spot is free, so I'm applying again: Here are my details: Name: bitart Post count: 396 (including this one) Rank: Full member Bitcoin address: 13V3Bj2vHsQYesm633KVgFtQ2zA8NmCJpM Profile UID: 552813 Please let me know if I'm accepted. |
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Maybe it would be wise to ask them about the problem, they have just announced their email address two posts before. If your problem really exists and maybe some other forum member have already addressed it, they can give you the proper answer and the planned solution with a possible timeframe. If you are the first one who have spotted the problem, they will start to investigate and maybe they will say thank you to you for finding a bug. Of course if it's a real scam, it should be announced and the users should be warned, but in that case you need to be 100% sure and have evidence about that. In the first post OP asks you to post here any problem you have faced, but I think shouting 'scam' is not the way that OP thought about posting a bug here... |
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paypal becomes a nightmare for sellers, they could block account that is trading for 5 years just because of a couple of claims from idiots. They just steal your money! With bitcoin you should always think and understand non refundable risks but you are in control of your money.
That's true, but if you are a buyer and you can choose between: - always thinking about the risks because of the non refundable transactions, and you think more and buy less - never ever (or rarely) thinking about the risks and spending a lot of money (relative) safely, because of the possibility of the claims and refunds. If I was an average buyer, I would not think about any risks until the item arrives. If it doesn't arrive, or DOA, or it's not that item that you have payed for, it's better to have a working solution to solve these problems. Just imagine if you are a buyer, you pay with bitcoin, and the seller can prove that the item has been shipped, but it gets lost on the way (plane crashes, ship sinks, lorry burns out, etc...) you will be without your bitcoin and without the item, with no possible help. In my opinion the ideal solution can be a system, similar (or the same) as paypal, where you have the chance to pay with your bitcoin. You won'tneed to think about this whole story if Paypal accepts bitcoin, but they don't... |
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People should use the bitcoin because it has such a good future a head, plus its easy to pay with it.
Its fast, can be controlled by yourself and its also very good secured.
The usage will make the bitcoin more useful. So more people will use it. The value of bitcoin will increase as a result. One of the taxi companies has started to accept bitcoin as a possible payment type in my country. They're using a QR code to start a payment with the passanger's mobile phone's wallet. It's another little step to increase the usage of bitcoin. I always mention the bitcoin based debit cards, they can be the connection between early adopter customers and the merchants, as long as merchants don't want to accept bitcoins directly. We just need to wait to let the technology get widespread enough, to be able to use or phones' wallet instead of the bitcoin debit cards. |
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I would choose to hold Bitcoins because not only I but many other Bitcoin users are hoping that the price in the future is high then we have seen before.
So I am also hoping for that to happen I know that it is a gamble but I am confident that it will be alright.
Bitcoin is a much better investment compared to gold. But gold still had much more investments compared to bitcoin. I would be courious to see some statistics about the users of bitcoin. I would say that just a minor part of people are a kind of risk taker and major part of the people are safe players. Some of the risk takers choose bitcoin, some of them won't have a clue about bitcoin. I'm sure there are a plenty of people among safe players who knows bitcoin, maybe they're following new about it, but won't ever get in touch with bitcoin as long as their incomes are not in bitcoin, in order to prevent themselves from the effects of the volatility of the price of bitcoin. You can only expect bitcoin to be widespread enough if safe players can see just minor risk in bitcoin, but it needs time. Just imagine the evolution of car industry, it took 350 years to get to electric Tesla cars from the steam engine. Generations had time to get used to the cars on the streets, so they are not afraid from them. Bitcoin has not got 10 years yet, so you can't expect the average people (without a bit more special IT or financial knowledge) to trust it similar to gold or any other well known valuable thing to put their savings into. |
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Bitcoin is already a global currency, albeit of limited usage.
The real question is "will it become a global reserve money?"
... or remain a global transaction commodity, like gold.
I doubt if it is a global currency now or not. It is not supported by anything such as gold that all of currencies do have it and it is needed for all currencies. Most of the nowdays currencies are not supported by gold or anything, although most of the central banks has a piles of gold in the trezor and has also some dollars and euros to back up their currency on the forex market. The quantity of these are not enough for the value of the whole country's currency, it's only held in order to do some interventions on forex market if needed to maintain the value of their own currency. So to sum it up in a few words, bitcoin is just like real world currencies, there's no need to be backed up with gold or similar. As long as people trust bitcoin, it won't fail. If you check the news, some giant banks are planning to use the blockchain technology, so the direction is OK at least. |
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I'm hereby applying for a Full member spot. Here are my details: Name: bitart Post count: 390 (including this one) Rank: Full member Bitcoin address: 13V3Bj2vHsQYesm633KVgFtQ2zA8NmCJpM Profile UID: 552813 I'm just back to the bitcoin ecosystem and also to this forum, I had took some months off, but fortunately I'm back again and ready for action Grazie |
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I can easily see how sellers love bitcoin and buyers don't. There aren't enough assurances for a buyer to feel comfortable. If a balance could be achieved I think things would really take off.
That's sure. If you sell something, you want to secure your back, if you play it fair. Bitcoin is just the best way for it. But if you are a buyer, you need to have something, a warranty system, or a dispute board to be on the safe side, and Paypal has this. So buyers votes for Paypal and Sellers for Bitcoin. Bitcoin (or websites where you can pay with Bitcoin) should have already worked out a solution for the protection of the buyers. This is needed for Bitcoin to get more and more acceptance. |
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Just don't forget about power outages and offline periods... There's always a need for backup system and paper money can be that
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