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Author Topic: Is Bitcoin less evil than PayPal?  (Read 4930 times)
From Above
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June 24, 2016, 10:02:08 PM
 #1

If we consider Paypal evil (I do), should we consider Bitcoin less evil?

Paypal allows chargeback fraud and is a feast for scammers
Then again
Bitcoin doesnt allow chargebacks and is a feast for scammers because of that


I think Bitcoin, however, cant be regarded as evil cuz its decentralized or semi-decentralized(china)


what do u think fellow people of Bitcointalk?


~CfA~

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June 24, 2016, 11:48:10 PM
 #2

Paypal is a pure evil imo, for bitcoin you have to take few measures in order to prevent a potential scam like using escrows or buying from a trusted buyers...



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June 24, 2016, 11:55:34 PM
 #3

I can't really add much to what you have already said - BitCoin is transparent, you can see via the Block Chain where all coins have gone and the transaction is both "instant" (in so far as it appears on the Block Chain and the other party is advised it has been sent, subject to confirmations) and BitCoin transactions are irreversible.
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June 26, 2016, 06:27:54 PM
 #4

Paypal is a pure evil imo, for bitcoin you have to take few measures in order to prevent a potential scam like using escrows or buying from a trusted buyers...

Yeah IMO u hit the nail right on the head.  With Bitcoin u gotta learn to be careful, just like in life.

With Paypal u r just lost, it's purely evil and arbitrary.  If they wanna freeze account they just do it.  Nothing u can do

With Bitcoin I am my own Bank.

~CfA~

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June 26, 2016, 06:33:44 PM
 #5

They're both evil (muahahaha) but Paypal's more evil. I agree with you there.
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June 26, 2016, 06:37:38 PM
 #6

I dont like the charge backs with paypal but we could do with an escrow for bitcoin that doesnt involve a third party although im not sure how that would work. Paypal charges way too much in my opinion as well. they could easily drop the fee lower and still be making a massive profit. Bitcoin on the other hand costs next to nothing but no one really likes using, i think the learning curve for bitcoin is harder than for paypal if your not computer literate.

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June 26, 2016, 06:49:33 PM
 #7

You can't consider Bitcoin in this case to be evil. With Paypal you have people deciding whether your funds will be recovered, frozen or whatever. With Bitcoin there is nobody that has the authority to make these decisions. You are the own safe keeper of your money. If you make mistakes, you will have to deal with them.

With Bitcoin I am my own Bank.
Exactly and nobody can make any decisions about your money (as long as you don't use third party wallets).

Bitcoin on the other hand costs next to nothing but no one really likes using, i think the learning curve for bitcoin is harder than for paypal if your not computer literate.
"No one really likes using"? This is a false generalization.

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June 26, 2016, 07:02:18 PM
 #8

You can't consider Bitcoin in this case to be evil. With Paypal you have people deciding whether your funds will be recovered, frozen or whatever. With Bitcoin there is nobody that has the authority to make these decisions. You are the own safe keeper of your money. If you make mistakes, you will have to deal with them.

With Bitcoin I am my own Bank.
Exactly and nobody can make any decisions about your money (as long as you don't use third party wallets).

Bitcoin on the other hand costs next to nothing but no one really likes using, i think the learning curve for bitcoin is harder than for paypal if your not computer literate.
"No one really likes using"? This is a false generalization.

Yeah i should edit that. That came out in text different to how i was imagining it in my head. What i was meaning was "mainstream" people who are used to ebay and paypal dont really like to change their habits of using things they trust. last time i asked if ebay would accept bitcoin there was people replying saying that bitcoin was "scammy" and they wouldnt use it. Maybe im just speaking for general ebay users but i struggle to get anyone to pay me bitcoin, even those that know a good bit about it. Id be interested to know what kind of revenue passes through open bazaar to give us an idea of how many people are actually using bitcoin to buy goods.

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June 26, 2016, 07:18:31 PM
 #9

If we consider Paypal evil (I do), should we consider Bitcoin less evil?

Paypal allows chargeback fraud and is a feast for scammers
Then again
Bitcoin doesnt allow chargebacks and is a feast for scammers because of that


I think Bitcoin, however, cant be regarded as evil cuz its decentralized or semi-decentralized(china)


what do u think fellow people of Bitcointalk?


~CfA~
i will said yes,since i know paypal as good payment on internet,i also notice that so many people have trouble with it,hacking,phising,and so many cyber crime has relatd with paypal. and now when i know about bitcoin,inever hear some case like paypal before.
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June 26, 2016, 07:18:39 PM
 #10

There is no evil with Bitcoin especially if you understand how it works, sure there are people who will try and steal your money but that isn't Bitcoins fault that is the greedy nature of humans. Bitcoin has a very well known set of rules on how it works and if you agree with those rules and use it there is not much you could have go wrong with it.














 

 

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June 26, 2016, 08:16:37 PM
 #11

They're both evil (muahahaha) but Paypal's more evil. I agree with you there.
i doubt that bitcoin is evil, no one is controlling it and you are master of your own money, how is it evil?

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June 26, 2016, 08:20:47 PM
 #12

No PayPal neither Bitcoin is evil. Just some people are. They use opportunity to steal some money or bitcoins.
This will be the same in the future when some new instruments for payment will be here.
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June 26, 2016, 10:18:14 PM
 #13

Bitcoin is not evil. Paypal is not evil. People are evil. The people who claim to facilitate Bitcoin's use on your behalf very often are. Paypal's staff are often evil and many of its users are too. Evil is everywhere. Embrace it.

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June 26, 2016, 10:20:58 PM
 #14

Bitcoin is not evil. Paypal is not evil. People are evil. The people who claim to facilitate Bitcoin's use on your behalf very often are. Paypal's staff are often evil and many of its users are too. Evil is everywhere. Embrace it.

I agree. Why are you calling Bitcoin and PayPal evil? This are two different categories, Bitcoin is a currency and PayPay is money service. And both have good and bad sides like everything in this world but you can't mark them as evil. People who missuse this two things are evil

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June 26, 2016, 10:24:54 PM
 #15

Paypal are in control of what actually happens to your account with charge-backs who gets money and the fee so they could be considered "evil".

Bitcoin is all down to the person, unfortunately there are some people who scam using Bitcoin who could be considered "evil" all the same.
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June 26, 2016, 10:25:34 PM
 #16

bitcoin is the freedom people have been waiting for. whether it is paypal or a bank, as long as they have full control over my money, i consider them to be somewhat of a dictator. bitcoin gives the control over our wealth back to us.
MingLee
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June 26, 2016, 10:47:53 PM
 #17

bitcoin is the freedom people have been waiting for. whether it is paypal or a bank, as long as they have full control over my money, i consider them to be somewhat of a dictator. bitcoin gives the control over our wealth back to us.
It gives some people freedom, but for other people they don't care about the freedom to control and move their wealth where-ever they want, and they're fine to have some other people keep their money safe and just manage their money through whatever medium is supplied to them.

I wouldn't say all of the services are dictator-esque, some of them offer legitimate services that are beneficial, but I can see what point you're trying to get across.
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June 26, 2016, 11:40:26 PM
 #18

Paypal slow respone from their support and bitcoin is slow confirmation from the miners but my opinion more comfort use bitcoin than paypal because bitcoin is not needs verification is like paypal who waste my time.
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June 26, 2016, 11:47:16 PM
 #19

To me, they are equal. It is up to the person who uses them to decide. Paypal favours the buyers and bitcoin favours the sellers. Still, many scammer seller can still make use of the Paypal loopholes.

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June 27, 2016, 05:06:57 AM
 #20

Bitcoin is not evil, people who scam for it, are.
PayPal is evil, because they freeze your accounts for no reasons, it is a controllable thing, while bitcoins aren't.

  
  
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