Is Bitcoin less evil than PayPal?

[megynacuna]

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~

With proper precautions and common sense you'll never get scammed with Bitcoin that's why I consider it a lesser of two evils when compared to PayPal because Bitcoin had its own limitations but PayPal on the other hand is the devils tool and its flooded by scammers.

[arcanaaerobics]

I don't think that chargeback is necessarily a disadvantage in PayPal, even I could seem this feature can be very convenient in most cases, and for most ordinary users. And I am not so convinced that irreversibility of the bitcoin transactions is always a great advantage, because this leave room to mistakes without the possibility of recovering our lost money.

Paypal having a chargeback is an advantage and a disadvantage to paypal. And bitcoin being irreversible is an advantage and a disadvantage to it. From which, lets the scammer feeds on the disadvantage of both sides. It just depends on us to determine if the person we transact is a scammer or not.

Paypal has customer protection plans if scams do occur. But they are jury, judge and executionier at any rate.
The blockchain has not voice if you get scammed.

[DoublerHunter]

I think the only thing that makes bitcoin looks evil is because of its anonymity which the criminals and other bad kind of person take advantage of. But i think it doesn't if a currency or things like bitcoin or paypal had its dark side because other currency also had that kind of characteristic so it is not a big deal in choosing which is better.

[ReLieD]

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...

Like bitcoin trading is equally risky. And when it comes to PayPal , most of the people Trust PayPal.
Most of the people don't know about bitcoin that is the problem.
If bitcoin becomes famous people might trade with bitcoins but for now PayPal is more trusted .
And I am pretty sure that one day bitcoin will overtake PayPal

[szpalata]

Bitcoin just like PayPal has its strength and weaknesses but comparatively Bitcoin's strength outweighs its weakness unlike PayPal which is gradually gaining a notorious tag of being a scammers haven. I have no doubt that PayPal is popular and well known but Bitcoin is superior even though it's not well known.

[agustina2]

Bitcoin just like PayPal has its strength and weaknesses but comparatively Bitcoin's strength outweighs its weakness unlike PayPal which is gradually gaining a notorious tag of being a scammers haven. I have no doubt that PayPal is popular and well known but Bitcoin is superior even though it's not well known.

You are out of the comparison. Bitcoin's thing is different from Paypal thing as Bitcoin was being handed by bitcoin exchange and Paypal was the one handling the fiat. Paypal must be compare to the online exchange like Coinbase and not with the bitcoin itself.

Now try to compare Paypal to other bitcoin exchanges and you will see that they have are no different at all in most of the instances.

[Soul Reaper]

We can't say which is more evil or which is less.
But as of now Even though bitcoins are gaining popularity,
PayPal is Bieng used by more people.
But definitely bitcoins I think are better than PayPal because-
1) They are decentralised.
2) They are easy to access .
     To make just one PayPal account you have to go through long forms etc.
     But accessing Bitcoin it much easier,  I helps us to save our privacy.
3)  Bitcoins are easy to access,
      I don't know about North Korea.
      But bitcoins can be accessed in most parts of the world .(As compared to PayPal)

[aso118]

Bitcoin just like PayPal has its strength and weaknesses but comparatively Bitcoin's strength outweighs its weakness unlike PayPal which is gradually gaining a notorious tag of being a scammers haven. I have no doubt that PayPal is popular and well known but Bitcoin is superior even though it's not well known.

I would say the biggest positive about Bitcoin is that there is no subjectivity or human interpretation involved. You may still get scammed, but it is more likely to be due to your mistakes rather than anything else.

[Nekutasa]

Less? That's an understatement! I wouldn't consider bitcoin evil at all. It is much better than PayPal for the main reason being that there are no chargebacks or limits

[Qunenin]

bitcoin is not at all evil. it doesn't have any brain and so i could say that bitcoin is not a eveil not a good one but its the way how we use the currency. if we use bitcoin for good cause then its fine otherwise if we use bitcoin for bad then that's our problem not bitcoin's.

Bitcoin is a currency and paypal is a service.  Using bitcoin is easier and hassle free as compare to paypal. Those who know about bitcoins are now switching to bitcoins as they know that paypal sucks and  ask too much fee for their service. Bitcoin will soon overcome Paypal and other such services.

[mrcash02]

bitcoin is not at all evil. it doesn't have any brain and so i could say that bitcoin is not a eveil not a good one but its the way how we use the currency. if we use bitcoin for good cause then its fine otherwise if we use bitcoin for bad then that's our problem not bitcoin's.

Bitcoin is a currency and paypal is a service.  Using bitcoin is easier and hassle free as compare to paypal. Those who know about bitcoins are now switching to bitcoins as they know that paypal sucks and  ask too much fee for their service. Bitcoin will soon overcome Paypal and other such services.

Yes, now with the rise in Bitcoin price more investors and internet users are reading news about Bitcoin and they are interested on it, including Paypal users. I think at this moment Paypal users are just waiting Bitcoin be accepted by more stores and sites to do a full migration to Blockchain and stop using Paypal services, as Bitcoin is simpler and more accessible.

[TastyChillySauce00]

bitcoin is not at all evil. it doesn't have any brain and so i could say that bitcoin is not a eveil not a good one but its the way how we use the currency. if we use bitcoin for good cause then its fine otherwise if we use bitcoin for bad then that's our problem not bitcoin's.

Bitcoin is a currency and paypal is a service.  Using bitcoin is easier and hassle free as compare to paypal. Those who know about bitcoins are now switching to bitcoins as they know that paypal sucks and  ask too much fee for their service. Bitcoin will soon overcome Paypal and other such services.

I honestly doubt that bitcoin will overcome Paypal due to its cheaper fee requirement because as you can see the current recommended fee which is now required for a transaction to be confirmed fastly is increasing significantly if this problem keeps on continuing it'll definitely become a disaster for bitcoin and there's no more sentence "Bitcoin is cheaper than Paypal".
In another hand, bitcoin still advantageous on other categories such as its simplicity and so on.

[sotisoti]

I still use PayPal because not all merchants accept Bitcoin. Furthermore, recently it takes average more than 30-minute for my bitcoin transaction to be confirmed.

[warwar]

I think bitcoin is no evil like paypal and how paypal transactions is processed and done.Yes in paypal you can refund an transaction and make charge backs depending on what is your account state.But in bitcoins transaction are unstopabble and unrefundable,once bitcoins is dispatch in a wallet there is no way to request or file for a refund for it.Unlike paypal that helps you to refund your transactions and scam people.So bitcoin is no evil

[Blitzboy]

Scammers are truly evil, but how can PayPal and bitcoin be evil?? I get what you mean but myself don't consider them like that. From my perspective, the way how we use PayPal or bitcoin is the main cause which affects people's views of them. And scammers will do anything, so we will get scams whether we use bitcoin or PayPal.

[LeGaulois]

bitcoin is not at all evil. it doesn't have any brain and so i could say that bitcoin is not a eveil not a good one but its the way how we use the currency. if we use bitcoin for good cause then its fine otherwise if we use bitcoin for bad then that's our problem not bitcoin's.

Bitcoin is a currency and paypal is a service.  Using bitcoin is easier and hassle free as compare to paypal. Those who know about bitcoins are now switching to bitcoins as they know that paypal sucks and  ask too much fee for their service. Bitcoin will soon overcome Paypal and other such services.

Yes, now with the rise in Bitcoin price more investors and internet users are reading news about Bitcoin and they are interested on it, including Paypal users. I think at this moment Paypal users are just waiting Bitcoin be accepted by more stores and sites to do a full migration to Blockchain and stop using Paypal services, as Bitcoin is simpler and more accessible.

Honestly a very few people would make a 100% switch from paypal to bitcoin, no matter the number of stores accepting bitcoin and no matter what the fees are. Buyers don't pay the fees, the sellers do. And there is no buyer protection with bitcoin, in the opposite of paypal

[Anarchist]

Paypal is not the same thing as bitcoin. Paypal is not a cryptocurrency paypal is not a currency either. it's like comparing an apple with an orange

[1Referee]

Honestly a very few people would make a 100% switch from paypal to bitcoin, no matter the number of stores accepting bitcoin and no matter what the fees are. Buyers don't pay the fees, the sellers do. And there is no buyer protection with bitcoin, in the opposite of paypal

PayPal has a few major advantages that Bitcoin can't offer at this point;

1) Massive global acceptance.
2) Buyers protection.
3) Instant transactions when using PayPal balance.
4) No exposure to volatility.

In order for Bitcoin to interest PayPal users to at least partly ditch that service, Bitcoin must offer an equal level of world wide acceptance, and ease of use. Bitcoin at this point can't serve people in that regard. As long as that isn't the case, there is no reason for these people to hop over to Bitcoin. That's why I badly hope that Segwit and Lightning Network get implemented as soon as possible. It won't suddenly make Bitcoin superior to fiat related payment platforms, but at least it has then a solid foundation to keep developing further.

[finity]

I don't think that bitcoin can be treated as a evil as it is the best and easiest way to send or receive money with lowest fees but Paypal is surely an evil as it charges heavy fees from its users and once more people will start knowing bitcoins they will definitely stop using Paypal and switch to bitcoins.

[danherbias07]

I hope we can control it. But no one can.
As good as we hope it could be, we can do nothing. As bitcoin is not controlled by anyone else. I thing it is way darker with bitcoin. They can do what they want unlike paypal where there is some kind of screening to do. But that doesn't say it is more evil. It will still depend on the usage of every user.
Plus bitcoin will always be different, it is already a currency which makes it more prone to different kind of illegal currency. In paypal it is still dollar or euro so it is dependent to that.
With a newer currency they can make it possible without a trace that is why illegal transactions are made most thru bitcoin.