Bitcoin is 'useless as a payment mechanism and ridiculous as a store of value

[SummerHamster]

Inspite of being bitcoin market price is down it's still reliable and sustainable for many many. It's tottaly transaction fee but some other currency like paypal which charge a big amount for transaction.

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[Omega Weapon]

I think for the most part it's true that Bitcoin itself is pretty bad as a payment system. Perhaps something can be built on top of it with Lightning, but leveraging that and actually getting some good for the consumer is still a huge question mark when you live in a word where people can get cash back and protection using a credit card or Paypal.

We can all recognize that bitcoin is not the best system of payments out there, but you are missing the point of bitcoin, which is to be an independent currency not controlled by governments that cannot be destroyed and that despite the fact that you do not get cashback protection you get protection from the inflation created by printing more fiat.

[MidKnight]

Paypal would be the worst people in terms of digital transactions so they don't have the right to  insult bitcoin that is still in its early stage. Those Paypal former CEOs are unbelievable because many of their users complains about their garbage services.

[IndigoRed]

Well huge fees that paypal charge for money transfer is one of the reasons why bitcoin emerge to be better as payment mechanism. I see the reason why Mr Harris is so against bitcoin because they see bitcoin as a rival to their business.

You're absolutely right! As a frequent PayPal user, I cannot even tell you how much money I lost because of their exorbitant transfer and conversion fees! It's only natural for the competitors to feel threatened by a payment system that is cheaper, more secure and way more efficient.

[D.boss]

That is a very old news. Though the last part of the article is written recently but the news of Bill Harris is very old. However, I would suggest people to stop listening to all these expert opinions, be it good or bad regarding Bitcoin and believe in their own instincts. I have seen such personalities come and talk bad about Bitcoin whereas they have been the biggest investor of BTC all along.

[kimcuchospital]

Some people are jealous of the bitcoin success, not any other investment grows faster than bitcoin. I use Bitcoin at many retail stores and I make a lot of online purchases with it. Goodbye. Of course he would say that paypal wants to see bitcoin die.

[Moiyah]

Those who are not believing how bitcoin will grow and will work as a payment in the future, are those who want to down bitcoin. Some establishments are already accepting btc as a paymeny like amazon. These kind of fud are baseless and the transparency of btc is so obvious. It is continuing to do better and better as the time goes by.