podyx
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October 22, 2020, 09:42:56 AM |
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Me waiting for the BTC $100k party ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmedia1.tenor.com%2Fimages%2Feaaeb10bd18f64f4641f6497e2f30620%2Ftenor.gif%3Fitemid%3D3892199&t=665&c=dBYABNHaO05c_g) We glad to meet you at the $100k party: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fg7oljjb.gif&t=665&c=oi_QuWhXlzsnmg)
Gentlemen. Observing $12957 edit $13k ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) What?
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bct_ail
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https://t1p.de/6ghrf
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October 22, 2020, 09:46:53 AM |
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Does paypal really buying bitcoin, if a paypal user buying (paypal) bitcoin or is the paypal-bitcoin just on the paper? (Or is it just another shittoken? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) The ppB? )
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marcus_of_augustus
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Eadem mutata resurgo
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October 22, 2020, 10:21:43 AM |
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ppBTC now being listed on dark markets ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) 0.8 to wBTC ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) calling new improved Mark Karpeles reboot to head up Paypal BTC division ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcoingeek.com%2Fwp-content%2Fuploads%2F2019%2F07%2FMark-Karpeles-ordered-to-face-class-action-lawsuit.jpg&t=665&c=mH_SIHjKI0wd0g) ... it's actually a good thing, bitcoin could ruin paypal and if there's one bad implementation of legacy finance on the internet it is the abomination called paypal, that musk shat out when he didn't know any better.
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Cryptotourist
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October 22, 2020, 10:25:00 AM |
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What?
https://www.youtube.com/watch?v=iF5NW94K51AI only objected to your choice of gif there.
Me waiting for the BTC $100k party ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmedia1.tenor.com%2Fimages%2Feaaeb10bd18f64f4641f6497e2f30620%2Ftenor.gif%3Fitemid%3D3892199&t=665&c=dBYABNHaO05c_g) Bears (or ex-bears) are not invited... I think you're mistaking me for someone else. I've been a bull since day 1 Bulls™ don't constantly ask "what's happening", "what's the news", "Masterluc this-that" and "sub $2k".
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AlcoHoDL
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Addicted to HoDLing!
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October 22, 2020, 10:30:29 AM Last edit: October 22, 2020, 11:09:07 AM by AlcoHoDL |
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IMHO, buying Bitcoin via PayPal is still HoDLing.
-- Grannies/newbies/skeptics/conservatives/whoever, buy Bitcoin via PayPal. -- They feel good that there is a big player safeguarding their coins. -- They spend time educating themselves on Bitcoin tech and security matters. -- While doing the above, they enjoy the big profits when Bitcoin mega-pumps after the 2020 Halving. -- At some point, they feel they are ready to take true possession of their coins. -- They gradually convert their coins to fiat and withdraw from PayPal. -- They deposit said fiat to an exchange of their choice, convert to Bitcoin and withdraw to their own wallets. -- Their keys, their Bitcoin!
So, something that many people would not do directly, they may now be willing to do via PayPal. I don't see this as bad.
In any case, Bitcoin is out, for anyone and everyone to use, abuse, attempt to destroy, or whatever. The algorithm is there, it's out in the wild. There is no point in preventing or forbidding anyone to do anything with it. That would be against Bitcoin ethics anyway. The big test for Bitcoin is whether it can survive if PayPal, Wall Street, and whoever else, do anything they please with it.
Bitcoin doesn't need some higher power protecting it from bad guys. Its algorithm and its design are its protection.
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Syke
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October 22, 2020, 10:33:58 AM |
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Does paypal really buying bitcoin, if a paypal user buying (paypal) bitcoin or is the paypal-bitcoin just on the paper? (Or is it just another shittoken? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) The ppB? ) Most likely they are buying real bitcoin. They are teaming up with Paxos Trust Company to hold the assets.
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Syke
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October 22, 2020, 10:41:32 AM |
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If PayPal never introduces a withdrawal (or even conversion) feature then I will be sad and yes it will be all for not, but I do not believe this to be the case.
I imagine they're concerned with fraudulent withdrawals. Fraudulent fiat withdrawals can be reversed. Not so with bitcoin.
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Cryptotourist
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 22, 2020, 10:45:30 AM |
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IMHO, buying Bitcoin via PayPal is still HoDLing. [not really]
-- Grannies/newbies/skeptics/conservatives/whoever, buy Bitcoin [IOU] via PayPal. -- They feel good that there is a big player safeguarding their coins. [that's the problem, herd mentality] -- They spend time educating themselves on Bitcoin tech and security matters. [+1 point, you said it: EDUCATING] -- While doing the above, they enjoy the big profits when Bitcoin mega-pumps after the 2020 Halving. [what about the bear after that?] -- At some point, they feel they are ready to take true possession of their coins. [hopefully, but most likely not] -- They gradually convert their coins to fiat and withdraw from PayPal. [that would be nice, but why gradually?] -- They deposit said fiat to a exchange of their choice, convert to Bitcoin and withdraw to their own wallets. [no need for paypal there] -- Their keys, their Bitcoin! [amen!]
Bitcoin doesn't need some higher power protecting it from bad guys. Its algorithm and its design are its protection.
Exactly my point. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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bitcoinPsycho
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$120000 in 2024 Confirmed
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October 22, 2020, 11:08:59 AM |
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Grannies are buying again
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ivomm
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All good things to those who wait
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$13k or €11K ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmedia0.giphy.com%2Fmedia%2F1zljrAoicZwPYv6TXX%2Fgiphy.gif&t=665&c=NzIvYEILC8JD-g)
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psycodad
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精神分析的爸
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October 22, 2020, 11:13:45 AM Last edit: October 22, 2020, 01:39:33 PM by psycodad Merited by JayJuanGee (1), explorer (1) |
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If PayPal never introduces a withdrawal (or even conversion) feature then I will be sad and yes it will be all for not, but I do not believe this to be the case.
I imagine they're concerned with fraudulent withdrawals. Fraudulent fiat withdrawals can be reversed. Not so with bitcoin. I'd rather think there is a KYC/AML angle to it. Right now banks and credit card companies do all the KYC stuff for Paypal's on- and off-ramps. If you deposit or withdraw BTC they would need to do that on their own. I believe they will be completely happy to take their exorbitant fees once you use or sell your crypto again. Still it's awesome news for BTC-exposure and -adoption and obviously price appreciation as they have to buy the BTC they sell at least to a certain degree if they do not want to be burnt in this bull cycle. Personally I won't touch PP ever again, not even with a long rusty fork, I even would go so far to say they deserve the proverbial rusty pipe shoved up their greedy backdoor for quite a few good reasons.
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P_Shep
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This is not OK.
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October 22, 2020, 12:07:02 PM |
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Urgh, so bored of these $1000 per day rises.
When $1000 per hour rises?
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Gyrsur
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Bitcoin Legal Tender Countries: 2 of 206
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October 22, 2020, 12:42:15 PM |
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Urgh, so bored of these $1000 per day rises.
When $1000 per hour rises?
maybe you won't hear it. steady rise and panic sell. but not now later then. 10x price later.
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Gyrsur
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Bitcoin Legal Tender Countries: 2 of 206
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October 22, 2020, 12:44:04 PM |
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$13k or €11K ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmedia0.giphy.com%2Fmedia%2F1zljrAoicZwPYv6TXX%2Fgiphy.gif&t=665&c=NzIvYEILC8JD-g) when CLIMAX? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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sirazimuth
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born once atheist
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October 22, 2020, 12:58:34 PM |
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Observing lots of interesting chit chat involving Granny and PayPal. This is all well and good but what about cousin Mel?....
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Globb0
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Free spirit
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October 22, 2020, 01:03:25 PM |
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philipma1957
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'The right to privacy matters'
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October 22, 2020, 01:04:29 PM |
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Observing lots of interesting chit chat involving Granny and PayPal. This is all well and good but what about cousin Mel?....
No what about Drunk Uncle https://www.youtube.com/watch?v=PuduYMzY3Dc
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aesma
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October 22, 2020, 01:06:00 PM |
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The whole "not your keys not your Bitcoin" has always been a bit too absolutist for me. It implies that you will lose your Bitcoin every time if you don't have full control of your keys at all times.
If you want to use a metaphorical valet temporarily you aren't failing some Bitcoin purity test.
You give your keys to the valet for convenience in hopes that he will bring your car back. You run a tiny risk of not getting it back, but some people like to valet their car. That's fine as long as it's only a portion of your bag. If you have the keys to the majority of your coins, and some amount on exchanges/web wallets for reasons, fine. The saying "not your keys not your coins" is for the millions of people that ONLY have BTC on such or such website as IOUs.
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cAPSLOCK
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Whimsical Pants
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October 22, 2020, 01:11:42 PM |
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Granny is the new coffee. You heard it here.
Yes, dear, I would love a cuppa...
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vapourminer
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what is this "brake pedal" you speak of?
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October 22, 2020, 01:17:43 PM Merited by JayJuanGee (1) |
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The whole "not your keys not your Bitcoin" has always been a bit too absolutist for me. It implies that you will lose your Bitcoin every time if you don't have full control of your keys at all times.
If you want to use a metaphorical valet temporarily you aren't failing some Bitcoin purity test.
You give your keys to the valet for convenience in hopes that he will bring your car back. You run a tiny risk of not getting it back, but some people like to valet their car. That's fine as long as it's only a portion of your bag. If you have the keys to the majority of your coins, and some amount on exchanges/web wallets for reasons, fine. The saying "not your keys not your coins" is for the millions of people that ONLY have BTC on such or such website as IOUs. for 1st exposure to btc for a crypto noob, paypal and robinhood are a start. sure, theyre not coins you have the key to, and you can only buy/trade in the platform and you cannot move it from their platform. but its dead easy for noobs to buy and watch the price with (sorta) skin in the game now. and no seeds, no private keys, no files to backup etc of course those are the very things that make bitcoin bitcoin but that can come later for those noobs once they get it. sure its probably fractional reserve too (or will be) but exposure of any kind is good. those who get it will sell the fake crap, buy real bitcoin and move it to their own wallets when they learn the ropes.
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