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It doesn't matter if Paypal accepts Bitcoin because users who are not investors (e.g. especially females and the billions of impoverished) have no incentive to convert from their unit-of-account (dollars) to BTC just to pay for something. They might as well just fund their Paypal transactions with their credit card or bank account. Bitcoin will not become the unit-of-account without the blessing of the government, because it has no distribution scale.
Most of the impoverished don't have a credit card nor bank account.
The Paypal plan.
The reason Paypal couldn't just issue everyone in the developing world an account is because of jealousy thus legal and political risk. Governments would resist take over of their financial control by an overtly fascist corporation.
Peter Thiel et al are more clever.
Issue everyone a supranational digital account that is "decentralized and controlled by no one", when in fact it is centralized and controlled by the fascist powers-that-be.
Use this to force other countries into submission when they attempt to offer their own top-down centralized digital currencies, e.g. Ecuador.
The people are trapped either way in a fully traceable block chain and NWO Technocracy.
Monero (portmanteau of money+dying euro?) offers no hope of scaling to avert this rapidly developing fascist outcome.
C'est la vie. Fait accompli.
If anyone offers you a solution, I suggest you snap out of your aristocratic top-down thought process (see Charlie Munger's Lollapalooza Effect) and fund dozen(s) "let a thousands roses and thorns bloom" of bottom-up crypto-currency experiments in hopes of averting the outcome of the one who buried "for safety" his Lord provided stash in the Talents of the Parable (sic).
Quote from: Bible
24 Then he which had received the one talent came and said, Lord, I knew thee that thou art an hard man, reaping where thou hast not sown, and gathering where thou hast not strawed:
25 And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine.
26 His lord answered and said unto him, Thou wicked and slothful servant, thou knewest that I reap where I sowed not, and gather where I have not strawed:
27 Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury.
28 Take therefore the talent from him, and give it unto him which hath ten talents.
29 For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath.
30 And cast ye the unprofitable servant into outer darkness: there shall be weeping and gnashing of teeth.
25 And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine.
26 His lord answered and said unto him, Thou wicked and slothful servant, thou knewest that I reap where I sowed not, and gather where I have not strawed:
27 Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury.
28 Take therefore the talent from him, and give it unto him which hath ten talents.
29 For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath.
30 And cast ye the unprofitable servant into outer darkness: there shall be weeping and gnashing of teeth.
Quote from: Charlie Munger
Warren is one of the best learning machines on this earth. The turtles who outrun the hares are learning machines. If you stop learning in this world, the world rushes right by you. Warren was lucky that he could still learn effectively and build his skills, even after he reached retirement age. Warren's investing skills have markedly increased since he turned 65.
Munger notes this reality is "really crucial," because he suggests, "having watched the whole process with Warren, I can report that if he had stopped with what he knew at earlier points, the record would be a pale shadow of what it is."
Read more: http://www.fool.com/investing/general/2014/09/07/warren-buffetts-right-hand-man-reveals-his-secrets.aspx
Munger notes this reality is "really crucial," because he suggests, "having watched the whole process with Warren, I can report that if he had stopped with what he knew at earlier points, the record would be a pale shadow of what it is."
Read more: http://www.fool.com/investing/general/2014/09/07/warren-buffetts-right-hand-man-reveals-his-secrets.aspx
