Paypal VS Bitcoin

[Rajamuda]

From that options, because I'm not so familiar with Paypal so far, and I'm just closer to bitcoin. Of course it's clear, I prefer to Bitcoin.
Whatever the advantages of Paypal.. I'm not so interested on it, I only recognize Bitcoin, Bitcoin, and Bitcoin to explore the various profits that can be gained.

[gigatux]

First of all PayPal and bitcoin is different to each other. A PayPal in which you said is buying and selling of products all over the world. While Bitcoin is the increase and decrease in money ( well we don't know and we're not certain about when our money increases or decreases). Why are they different? Well first of all Paypal is about buying a certain a product. It is a merchandising company while bitcoin is more of service type of company.So if you put it in a transactional way when you transact PayPal it can have freight charges and FOB shipping point. It has a shipping payment. While Bitcoin is a networking type where we offer our service to advertise companies. We can also give them a design for their avatar and offer many types of service.

[kris_wolf]

Bitcoin is not a company; it is not owned by anyone. It is a technology that uses a cryptographic method to exchange money. It is almost like a P2P Torrent system except what they share is a cryptographic currency.No one can acquire it as there is no company or software one can buy up. Everyone using Bitcoin is in charge of the network.More over even the creator of Bitcoin is anonymous.

[iv4n]

if you have 5,000 gifts  and Asked to get it with

1) Paypal: Buy/Sell everything all over the world.

2) Bitcoin: your money will increase/ decrease in future.

which one will choose?

I have 5000 gifts and what am I asked to do? Sell then or order them? I can't understand what you asking, I know that my English isn't so good, but you need to try more before posting something. Use translators, ask some friends to help you, or learn English.
If you are a seller bitcoins is better, because any refunds needs to be approved by you.  If you are a buyer maybe PayPal is better because you can get your money back if you wish.
With using escrow you can secure yourself as a buyer a bit more, so bitcoin is better then PayPal, and its a bit boring to compare third party service with possibilities of bitcoin.

[Lampaster]

PayPal is our past. This payment system is I didn't like never. So I'm not going to miss her. It seems to me that it makes no sense to discuss it. Bitcoin is the currency of the future. Maybe someday the price of bitcoin will be stable. The speculators will lose interest in bitcoin. This can reduce the price of bitcoin but we will see more widespread use of bitcoin in all areas of our lives.

[Glydel1999]

 Paypal is one of the biggest and excellent companies in the whole world. Even though bitcoin is not like them as of now,
but still they have a great potential because they perform well in the electronic industry. Foe me sooner or later, there is no doubt that they can beat Paypal in this king of industry.

[stomachgrowls]

PayPal is our past. This payment system is I didn't like never. So I'm not going to miss her. It seems to me that it makes no sense to discuss it. Bitcoin is the currency of the future. Maybe someday the price of bitcoin will be stable. The speculators will lose interest in bitcoin. This can reduce the price of bitcoin but we will see more widespread use of bitcoin in all areas of our lives.

Paypal is still on present times because It have been still used even as of these days since not all people have the awareness of bitcoins existence which means paypal would really still remain no matter what. Bitcoin did reach new heights but there are still lots of people who would use Paypal over bitcoin because they do already got used to it specially if those people did able to see the flaws on which bitcoin is experiencing now which is high fees with slow confirmation times. We should accept the fact that bitcoin do have those kind of problems.

[the rise]

PayPal is our past. This payment system is I didn't like never. So I'm not going to miss her. It seems to me that it makes no sense to discuss it. Bitcoin is the currency of the future. Maybe someday the price of bitcoin will be stable. The speculators will lose interest in bitcoin. This can reduce the price of bitcoin but we will see more widespread use of bitcoin in all areas of our lives.

Paypal is still on present times because It have been still used even as of these days since not all people have the awareness of bitcoins existence which means paypal would really still remain no matter what. Bitcoin did reach new heights but there are still lots of people who would use Paypal over bitcoin because they do already got used to it specially if those people did able to see the flaws on which bitcoin is experiencing now which is high fees with slow confirmation times. We should accept the fact that bitcoin do have those kind of problems.

In the end Paypal will accommodate bitcoin on their platform, it takes a great time because Peter Thiel is also very support with bitcoin. Paypal moves transparently on the payment platform and they will think further if in the end amazon use bitcoin. There is no competition because bitcoin is much more complex as subject and paypal is as an accomodator option.

[sunsilk]

Choosing what's better I'll go with bitcoin. Though PayPal is widely accepted and before bitcoin is having hard time to get the popularity but we are now on that stage.

Bitcoin is starting to become accepted worldwide and this is just the start of it, people who wants to start transacting will be using bitcoin for faster transaction but as of now there is a congestion.

It's irreversible unlike Paypal, the other end can reverse the transaction and bitcoin is a currency and at the same time an investment.

[jungwong]

A Bitcoin address on the other hand, is far more secure than a PayPal balance.PayPal itself can be manipulated to freeze a PayPal balance (for example, by reporting it as a scammer), but stealing from a Bitcoin address would take longer than the lifetime of the universe with current technology.

[BillyBobZorton]

With lightning network operative, it's easy to predict bitcoin finally being able to compete against Paypal, finally, after all these years of people complaining about it. It is impossible to compete against a centralized payment system like Paypal on-chain, but im sure advancements in technology with further off-chain transaction improvements are going to give us a tx throughput higher than Paypal, Visa, Mastercard and everyone else combined, while retaining levels of decentralization high enough for most of these use cases.

[Domenc]

Lets assume you send your money through PayPal as a gift car, then it is definite that your money is locked and is not going to increase automatically. But on the side if you send your money through Bitcoin there is 90% probability that your money will definitely rise. There is no speculation in this thing one can observe the graph over the last couple of months and trust in Bitcoin can be assured automatically. Bitcoin is really the future of virtual currency, hence one should start investing before its too late.

[Proton2233]

The emergence of bitcoin is the beginning of the end of PayPal. I don't see any prospects for them to exist together. Bitcoin will always offer more favorable terms than its closest competitors. But I actually doubt that bitcoin has competitors. PayPal good bye. their mistake is that they always flirted with the government. Now it's time to pay the bills.

[fuding12]

I myself prefer to choose bitcoin for the reason you mentioned earlier, that our money will increase, although it still raises anxiety about the prediction of its price in the future.

[MisterPrada]

Very simply, transferring money through bitcoin involves: using your local currency to purchase bitcoin, then
selling your bitcoin for the international currency you want. Your recipient receives your bitcoin transfer in a bitcoin wallet. They need to sell the bitcoin for their local currency. Finally, they need to withdraw the currency to their bank account.
Here’s how to transfer money through PayPal: fund your transfer with your PayPal balance, bank account, credit or debit card, or PayPal Credit, then send money to your recipient’s PayPal account. After your recipient receives the money, they can either keep the funds in their PayPal account or withdraw the money to their bank account.

[Netnox]

Why we are comparing Bitcoin to PayPal? Bitcoin can be defined as either a currency, or as an investment asset. But on the other hand, PayPal is a payment processor which makes use of fiat currencies such as the United States Dollar and the United Kingdom Pound. We can compare BitPay with PayPal, but we can't compare Bitcoin with PayPal.  

[Kemarit]

Why we are comparing Bitcoin to PayPal? Bitcoin can be defined as either a currency, or as an investment asset. But on the other hand, PayPal is a payment processor which makes use of fiat currencies such as the United States Dollar and the United Kingdom Pound. We can compare BitPay with PayPal, but we can't compare Bitcoin with PayPal.  

Exactly, they aren't even comparable. And bitcoin today can't even be used as micro payment transactions because of the current high fees which a lot of users are complaining. I think they are trying to compare them in terms on their ability to send and received money. But it is still up for debate, because the original design of bitcoin is P2P however, it has evolved now as being a form of investment. What I like about bitcoin though is that we don't have something in between and you are your own bank, unlike in Paypal, in order to have one, at least you need to present like a credit card or bank account for verification and approval purposes.

[franco123]

I like the way on how you described Paypal and Bitcoin from each other. One misconception of everyone is that Paypal is the same with Bitcoin. Now it is not. Paypal is just a means of payment with fiat money that is just transferred digitally. But Bitcoin is a lot more different. Because Bitcoin itself is actually the currency, a cryptocurrency that has it's own rate against the fiat currency and is very volatile. It's transaction is also far different because it is transacted anonymously. Unlike Paypal which you can determine who transferred money for the purpose of exchange of product or service.

[Rludd]

Thanks for the post! Have you looked into the same sort of comparison but for private blockchains? I am currently struggling to find that kind of information

[Bamel]

Thanks for the post! Have you looked into the same sort of comparison but for private blockchains? I am currently struggling to find that kind of information

Private blockchains rarely use POW method as far as I know, so they may have less issues with speed. However such approach increases chances of abuse or compromise.