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johny1976 (OP)
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September 09, 2013, 09:10:15 AM
Last edit: October 28, 2014, 04:17:10 PM by johny1976
 #1

closed
JoelKatz
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September 09, 2013, 09:21:18 AM
 #2

I read the petition and I can't figure out what you're asking them to do. Are you asking them to allow people to buy and sell Bitcoins using PayPal for the payment side? Are you asking them to sell Bitcoins themselves? Are you asking them to buy Bitcoins themselves? Or what?

I am an employee of Ripple. Follow me on Twitter @JoelKatz
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johny1976 (OP)
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September 09, 2013, 09:28:48 AM
 #3

I read the petition and I can't figure out what you're asking them to do. Are you asking them to allow people to buy and sell Bitcoins using PayPal for the payment side? Are you asking them to sell Bitcoins themselves? Are you asking them to buy Bitcoins themselves? Or what?

I'm asking for implement Bitcoin currency. You can deposit Bitcoins, you can withdraw Bitcoins, you can send Bitcoins to other PayPal users, you can exchange them to any of other currencies they've got implemented... I'm asking for implement BTCs as one of currencies like USD, EUR, etc...
JoelKatz
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September 09, 2013, 09:32:27 AM
 #4

I'm asking for implement Bitcoin currency. You can deposit Bitcoins, you can withdraw Bitcoins, you can send Bitcoins to other PayPal users, you can exchange them to any of other currencies they've got implemented... I'm asking for implement BTCs as one of currencies like USD, EUR, etc...
Then you're asking for the impossible. The way they implement currencies like USD and EUR won't work for Bitcoins.

"We receive a wholesale rate quote from our bank twice a day and add 2.5% to determine the retail foreign exchange rate to apply to transactions that involve a currency conversion." - https://www.paypal.com/us/webapps/helpcenter/article/?solutionId=12900&m=SRE

You know a bank that quotes a wholesale rate for Bitcoins?

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johny1976 (OP)
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September 09, 2013, 09:34:48 AM
 #5

I'm asking for implement Bitcoin currency. You can deposit Bitcoins, you can withdraw Bitcoins, you can send Bitcoins to other PayPal users, you can exchange them to any of other currencies they've got implemented... I'm asking for implement BTCs as one of currencies like USD, EUR, etc...
Then you're asking for the impossible. The way they implement currencies like USD and EUR won't work for Bitcoins.

"We receive a wholesale rate quote from our bank twice a day and add 2.5% to determine the retail foreign exchange rate to apply to transactions that involve a currency conversion." - https://www.paypal.com/us/webapps/helpcenter/article/?solutionId=12900&m=SRE

You know a bank that quotes a wholesale rate for Bitcoins?


don't care they don't care. they must care because Bitcoin is a revolution.
Mike Christ
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September 09, 2013, 09:36:37 AM
 #6

The various wallet software/websites coupled with BitPay seem to do a fair job at anything PayPal could offer.

will1982
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September 09, 2013, 11:39:40 AM
 #7

Since PayPal is my only available payment method unfortunately, I'm gonna sign the petition. They're still an awful company though
JoelKatz
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September 09, 2013, 12:13:25 PM
 #8

don't care they don't care. they must care because Bitcoin is a revolution.
The thing is, it's not at all clear what it is you're petitioning them to *do*.

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balanghai
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September 09, 2013, 12:31:13 PM
 #9

petition to ban the acceptance of bitcoin in ebay. Roll Eyes
greyhawk
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September 09, 2013, 01:47:13 PM
 #10

petition to ban this petition
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September 09, 2013, 01:51:59 PM
 #11

The whole idea of Bitcoin is to get rid of crap like paypal and banks in the first place Smiley

Exactly what is the added benefit of paypal supporting Bitcoin? If I pay with Bitcoin (and I do so when&wherever possible), it's because I prefer to AVOID paypal Smiley

In theory, there's no difference between theory and practice. In practice, there is.
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sublime5447
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September 09, 2013, 02:01:22 PM
 #12

The whole idea of Bitcoin is to get rid of crap like paypal and banks in the first place Smiley

Exactly what is the added benefit of paypal supporting Bitcoin? If I pay with Bitcoin (and I do so when&wherever possible), it's because I prefer to AVOID paypal Smiley


The benefit would be the ease of buying and selling.

Bitcoin cant kill banks and paypal until it is large enough and widely held. There has to be a bridge between the old banking system and the new.
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September 09, 2013, 04:15:23 PM
 #13

I would not want to disappoint anyone, but I would be very surprised if many people here would sign. Who needs paypal now that we have BTC? I don't want paypal to accept BTC, I want paypal to die. Anything paypal's doing, BTC is doing it as well for a lower fee. I suppose that if you don't mind paying high transaction fees, you could sign that petition.

I used to be a citizen and a taxpayer. Those days are long gone.
bitcats
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September 09, 2013, 04:24:39 PM
 #14

Since PayPal is my only available payment method unfortunately, I'm gonna sign the petition. They're still an awful company though
Change your payment method and DONT use PP.

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September 09, 2013, 06:06:21 PM
 #15

The same Paypal that called Bitcoin users thieves or something to that effect?  Yeah fuck them.

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September 09, 2013, 06:30:48 PM
 #16

I never use Paypal, but I'll sign the petition if it helps other people Smiley
Walsoraj
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September 09, 2013, 06:39:22 PM
 #17

This petition is idiotic. May as well be asking for round-squares and pregnant-triangles.

Good luck.
sublime5447
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September 09, 2013, 06:52:31 PM
 #18

It is not point less. All that has to happen for paypal to transact in bitcoin is for them to start taking the block chain transaction details in disputes.
Walsoraj
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September 09, 2013, 07:00:56 PM
Last edit: September 09, 2013, 08:23:22 PM by Walsoraj
 #19

It is not point less. All that has to happen for paypal to transact in bitcoin is for them to start taking the block chain transaction details in disputes.

you sound like a genius and should probably be awarded something.
Branzig
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September 09, 2013, 07:03:09 PM
 #20

Wow! Consider me enlightened!

      Thanks to everyone who have given their view, very much appreciated. I didn't even know about bitpay.com , seems great for what I need, however I am still confused and would like some more detailed information for poor people, like me, who have to rely on a simple debit card (My card is on it's way from Pay Pal as we speak).

    I was very thrilled to know I was going to be able to convert BTC to real Cash $US, in my case. I have changed my opinion 180 degrees from when I came to this post. Therein lies the problem, my opinion is worthless. I do not have an opinion based on knowledge and experience, and I am pretty literate.

To sum up, all of the posts are very helpful, yet I am still a little lost. keep the fantastic info on this subject coming.

-Branzig.

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