*sigh*
Don't use PayPal. Hate them. Boycott them. Whatever. You can use Bitcoin and have nothing to do with them.
But to expect them to be anything other than what they are is foolish. Trusted third parties are security holes etc. I personally barely use PayPal. I have an account because of eBay.
But if you think we live in a world where they are just going to blow away like a dry leaf because they see that Bitcoin is the future of peer to peer finance... well I have a bridge to sell you.
And like it or not Bitcoin does not scale on the base layer and stay a distributed consensus. So if you want to see trustless scaling then maybe you should start working on lnd. And if you don't like lnd then maybe invent another trustless layer 2. Grumping about PatPal is not adding anything. And until there is something better for the masses to use they will use what is available.
sooner or later some payment settlement company would of done it. so it was palpal this time. ive heard the horror stories. but personally ive had zero problems with paypal in like a decade with them. hate me if you want but ill buy some paper corn from paypal. just like i did from robinhood. small amounts of course but gotta try it.
realistically though, how would you have preferred this to go down. as you pointed out, corn doesnt scale. layer two is still a mess. and clearinghouses seem the natural answer. a trustless clearinghouse, if such a thing can exist.
I have used paypal for 17 years. I had a decent ebay business. I would purchase new apple mac minis
and mod them to be sold on ebay. I estimate I did over 1000 sales using ebay and paypal.
No major issues.
So I have been here since 2012
coins were under 10 bucks.
I have read we have to have adoption to mainstream.
Well here is the first true mainstream player in on btc lets get more major players....maybe we see 100k
Have not we have had a world wide market reset due to covid-19?
So why not a world wide adaptation of btc by the major players.
Now is the time for them to do it as it is still cheap.
240billion is not that much to wrap into the payment /investment market.
I am an old school computer geek I go back to univac and ibm mainframe gear.
I go back so far that I used slide rules.
my point is not on the transformation of mainframe to pc to cell phone.
but on the inability to see what is coming or what is worth while.
what the public wants.
I thought the ipad was a waste and would never work.
and right now I am laying on my bed typing on an ipad mini while watching the world series.
So the ipad did well for itself.
I see the paypal move as adding ipads into the mix of pcs.
a very convenient tool for blogging and a lot more.
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