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DrGuns4Hands
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October 25, 2017, 07:51:59 AM |
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Bitcoin is way more better than paypal because btc has only low fees unlike in paypal and ofcourse you don't need debit or credit card in order to verify your wallet. so bitcoin is more less hassle than paypal. I have also PP but I don't use it as my main wallet I only use it when my client don't know about bitcoin and the only thing he knows is PP.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Harsh_Patel
Member
 Offline
Activity: 182
Merit: 10
Algo Trader
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October 25, 2017, 08:06:54 AM |
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Let’s see it from Finance point of view.
If you put 100$ in PayPal today, you will not have 100$ tomorrow due to inflation in the dollar price caused by the economic growth.
If you put 100$ in bitcoin today, you will most probably have more than 100$ tomorrow.
Here we are thinking very short term, but if you think for a year or so. It will make a considerable difference.
So if you are smart investor, you should save every penny you can. That’s the motto of Warren Buffet and that’s my motto.
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I am sorry for my wrong doings.
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Hichi
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Activity: 88
Merit: 10
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October 25, 2017, 09:03:12 AM |
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Bitcoin and Paypal are two completely different things, they might offer essentially the same service (transfer of value), but their underlying technology is completely different. To start with, Paypal is not working on the blockchain, which means they are using the traditional wiring system that is thoroughly used throughout the world, which is not transparent but has become nowadays extremely efficient. The good thing about Paypal is that they can process thousands of transactions per second, while Bitcoin can hardly faciliate six second, which isn't more and has to improve dramatically if they decide to offer the same efficiency as paypal. Paypal is a private company which means it's centralized, while BTC is an open project that everyone can join, there are so many differences between these two services which would not justify each of them if they are compared.
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bravehearth0319
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October 25, 2017, 12:50:38 PM |
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Jeez Bitcoin is by far better than Paypal. What does PayPal offers that Bitcoin doesn't? now .. let's reverse the question: What does Bitcoin offer that PayPal doesn't?
Decentralization
Anti-censorship
Inflation resistance
Flexibility
Privacy etc..
Please it totally ridiculous to compare both.
I would agreed in decentralization and Privacy also the security of course. Paypal was centralized, then the security is not 100% secure compare into bitcoin also the privacy too was quite safe also. |
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diouf67
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October 25, 2017, 12:53:23 PM |
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Both have their uses in the world, paypal's being that it is widely accepted, I think eventually paypal will be replaced by something better with lower fees and better customer service, there are cryptocurrencies looking in to doing this, Utrust is one that has an ICO soon.
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Fatanut
Legendary
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Activity: 1008
Merit: 1059
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October 25, 2017, 02:28:38 PM |
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Let’s see it from Finance point of view.
If you put 100$ in PayPal today, you will not have 100$ tomorrow due to inflation in the dollar price caused by the economic growth.
If you put 100$ in bitcoin today, you will most probably have more than 100$ tomorrow.
Here we are thinking very short term, but if you think for a year or so. It will make a considerable difference.
So if you are smart investor, you should save every penny you can. That’s the motto of Warren Buffet and that’s my motto.
I think the topic in here is not necessarily for investments but you are right. In Paypal, your money will always be the same just like in the banks. What you have deposited will always be the same amount of money that you can withdraw in the future but in the future it probably can buy lesser things because of the constant decrease in the purchasing power of fiat money. In bitcoin, there is a possibility that you are going to make some extra money in a couple of days but it's not going to be that much (in your example). In your example, that means that bitcoin has doubled its price and with the current rate, I don't think that it's going to happen in just one day. It takes a lot more money to increase this price. Paypal and Bitcoin have their differences, advantages and disadvantages. You are still going to be the final judge of what you want to use because it all depends on your needs as a consumer. |
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RodeoX
Legendary
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Activity: 3066
Merit: 1145
The revolution will be monetized!
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October 25, 2017, 02:31:28 PM |
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The OP should be shot for asking this. lol, no not really.  But the answer is obvious with only a cursory knowledge of the two systems. Bitcoin for the win. |
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BarbieCasino
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October 26, 2017, 03:40:26 AM |
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The OP should be shot for asking this. lol, no not really. But the answer is obvious with only a cursory knowledge of the two systems. Bitcoin for the win. A lot of the people are using all the things just to win the bitcoin and the make their bitcoin profit go more and more high if the bitcoin will help the people and they will make the future of the people more happy and more bright so I think it is good to invest and the use the paypal or the bitcoin payment because both of then ate the bitcoin payment resources. |
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dieselmeister
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October 26, 2017, 04:05:31 AM |
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When I can use bitcoin for my payment I dont use paypal anymore. bitcoin is too good for me now. fast and cheaper fee, anonymous.
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Someone used my Account for 3 Month, why would someone do this?
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webdevmastery
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October 26, 2017, 06:33:21 AM |
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Paypal has big advantages against bitcoin, you can chargeback any transaction if the product isnt the one advertised, you can contact support as well, and you can deposit and cashout to the bank along the week. Bitcoin has no way to reverse a transaction, some people try double spend to make the coins goes into the right direction, you will need to learn your own how bitcoin works, even using an online wallet you will get support. Bitcoin does allow you to deal and trade your coins to your local fiat as well, but it needs someone interested, besides those bitcoin potencial is huge.
Paypal is an open source for programmers and you can use their api to connect to your website while other bitcoin wallets cannot. In my own opinion paypal is more secured rather than other holders because it was already trusted by international companies and bitcoin is wallets is just new in this kind of transactions. |
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tenkuna
Jr. Member
Offline
Activity: 56
Merit: 10
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October 26, 2017, 03:46:58 PM |
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I have been told that don't accept payments via paypal, is that right?
Because when buyer will have his bitcoins then he can claim back money from paypal by saying that i haven't received desired product.
depends on the needs of each person. my self . I prefer bitcoin than paypal. And I still have a lot to do with bitcoin. I only use paypal for online shopping |
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Hassan02
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October 26, 2017, 04:02:23 PM |
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Paypal has big advantages against bitcoin, you can chargeback any transaction if the product isnt the one advertised, you can contact support as well, and you can deposit and cashout to the bank along the week. Bitcoin has no way to reverse a transaction, some people try double spend to make the coins goes into the right direction, you will need to learn your own how bitcoin works, even using an online wallet you will get support. Bitcoin does allow you to deal and trade your coins to your local fiat as well, but it needs someone interested, besides those bitcoin potencial is huge.
Paypal is an open source for programmers and you can use their api to connect to your website while other bitcoin wallets cannot. In my own opinion paypal is more secured rather than other holders because it was already trusted by international companies and bitcoin is wallets is just new in this kind of transactions. Yes right even though ive never tried to use paypal before but i know and i heard about it that paypal are exist first rather her than bitcoin and the safety of it is much secure than bitcoin we have security in our own wallet right but the hackers we cant avoid on it so i think for some past years just what paypal is i think bitcoin will be some companies too will trusted bitcoin too. |
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satish37
Newbie
Offline
Activity: 56
Merit: 0
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October 26, 2017, 04:17:59 PM |
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Bitcoin is virtual currency but PayPal is payment processor . For buyers paypal is better it protects you from scammers. For regular traders Bitcoin is much better I will prefer to say Bitcoin wallet
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smailler
Jr. Member
Offline
Activity: 38
Merit: 10
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October 26, 2017, 04:42:59 PM |
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I have been told that don't accept payments via paypal, is that right?
Because when buyer will have his bitcoins then he can claim back money from paypal by saying that i haven't received desired product.
Both are equally good . I choose bitcoin for myself. Because bitcoin can make more money if its price increases |
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