Bitcoin will always be essential

Bitcoin will always be better than PayPal simply because the way PayPal limits accounts is annoying. You have funds you need just tied down in your PayPal account doing nothing.

So a little competition reared its head, and we're at another "Bitcoin will Die _______ " meme?

Its like saying "If central banks stopped monetizing debt, would that solve everything?"

No. It won't. Because they're still central banks, with flawed currencies and monetary policies. Same thing with PayPal, they're still a monolithic pseudo-banking concern that has very little in common with Bitcoin. How anyone can even make a comparison as if they're similar is ridiculous to me.

Definitely not! Even if PayPal removes the fees entirely, then still it doesn't change one important thing. And this things is that with Bitcoin you don't need a "middleman" in order to send money back and forth. With PayPal you also don't really own your money as is also the case with banks and such.

Well said, that's also what I was thinking to say just now, but you did it already. This is a massive advantage that Bitcoin has over any kind of payment service or bank. People will appreciate this much more in the coming years, I am sure of that.


Well, no matter how much we dislike PayPal for everything it does wrong, merchants and normal users are quite satisfied with it. I however don't think it will have any impact on Bitcoin as Bitcoin is a great alternative payment option alongside the other payment options. That won't change. I think that other payment services will definitely feel it, but Bitcoin not.

Why do people like to compare these two things? Can xe.com kill USD? Um nope, they aren't the same thing. One is a currency and the other is an exchange. PayPal reducibg it's fees by 66% would mean a huge loss in revenue. Who knows if they could even operate at that rate? Was there any analysis on that?

You definitely have a point there, but people love to compare all kinds of things with Bitcoin as it makes them feel good that Bitcoin in most cases has a decent advantage over any other service, currency, bank, etc.

I think by reducing the fees PayPal is hoping that it will attract more people and merchants to make use of their service, which via that way they think they can fill up the gap that lower fees will cause them.