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Author Topic: PayPal CEO said bitcoin SCAM !  (Read 940 times)
energycom
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May 25, 2018, 03:00:46 PM
 #161

Bitcoin is Scam. Short-lived CEO and co-founder of PayPal - Bill Harris has written his own opinion on cryptocurrency, Bitcoin. According to him, he claims that bitcoin is a fraud. He said it was an incredible pump and dump scheme, never seen or experienced in the world.
I did not care what he said and all his words showed him to be a stupid man. I think the Cryptocurrency market is still attractive to new investors around the world as the demand for investment in this market is increasing rapidly in recent times. Paypal is only suitable for payment purposes and the functionality of Paypal is still very limited so it will not be suitable for long-term purposes.

I'm VERY VERY surprised with this! What can you expect from paypal's ceo about bitcoin? For sure, he will blame bitcoin for being a scam because paypal fears bitcoin. They fear losing their impact as a payment processor. This much obvious.
Realistmoon
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May 25, 2018, 03:03:49 PM
 #162

He is afraid of competitor.  No problem, nobody cares about his opinion
rupesh2
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May 25, 2018, 03:06:29 PM
 #163

Bitcoin is Scam. Short-lived CEO and co-founder of PayPal - Bill Harris has written his own opinion on cryptocurrency, Bitcoin. According to him, he claims that bitcoin is a fraud. He said it was an incredible pump and dump scheme, never seen or experienced in the world.

paypal , banks , payment gateways and other middlemen earn lot of commission from transfers worldwide . bitcoin and other coins going to be cheaper option to transfer your money to any corner of world with help of internet . also no need of 3rd party .
so obvious reason they have to hate bitcoin , as most of big and rich people calling it scam then paypal ceo also taking benefit of this opportunity to call it scam .
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May 25, 2018, 03:06:43 PM
 #164

Whoever is saying the Bitcoin is a scam is a mad or nothing. But, is a better solution to PayPal. This is a fast transaction method worldwide. But, gradually it is synonym as a currency or the coin.

everyone targeting it bcoz it is fully decentralized and transparent on blockchains . they dont want blockchain technology to go more popular . you may say why i am talking about blockchain tech here in thread of btc . then let me tell you one thing in sec and CFTC , someone said there is no blockchain tech without bitcoin , so indirectly they are hitting this tech by calling bitcoin scam .
fast and easy payment without any middlemen .
Soroskatona
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May 25, 2018, 03:46:47 PM
 #165

Cryptos are superior to paypal. Ripple, for example is optimal for transactions, its quick - comparable to Visa, and cheap. So cheap, that it is hard for me to believe: 0.00001 XRP or 0.00007$. Compare it with Paypal, banks, etc. Nothing comes close.
bitcoinzen
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May 25, 2018, 04:21:07 PM
 #166

paypal ceo jpmorgan all said about bitcoin is fraud but in return they will buy bitcoin in return
YinShuiSiYuan
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May 25, 2018, 06:22:42 PM
 #167

He is afraid of competitor.  No problem, nobody cares about his opinion

Bitcoin is becoming a serious competition for them. With the development of technology and the popularisation of payments by cryptocurrencies, paypal may begin to lose its importance. That's why they will always say that bitcoin is a scam because it threatens their position on the payments market.

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Crypto Guru
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May 25, 2018, 06:26:42 PM
 #168

Thats not right. People used to say that PayPal is scam. Now they are good. PayPal may be finding itself hard to compete with bitcoin and blockchain so they are frustrated. No matter whatever whoever said,  Bitcoin is Bitcoin,  Blockchain will save it.

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aardvark15
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May 25, 2018, 07:07:47 PM
 #169

He is afraid of competitor.  No problem, nobody cares about his opinion

Bitcoin is becoming a serious competition for them. With the development of technology and the popularisation of payments by cryptocurrencies, paypal may begin to lose its importance. That's why they will always say that bitcoin is a scam because it threatens their position on the payments market.

I agree, Bitcoin is going to threaten their business. And in reality, it may not be Bitcoin but rather another faster and cheaper altcoin that will most likely displace PayPal. The two negatives with PayPal are the fees that they charge and having to trust a third party with your money. I’m not sure Bitcoin can solve the fee part of that flaw, but other cryptocurrencies should be able to.
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May 25, 2018, 09:14:09 PM
 #170

He is afraid of competitor.  No problem, nobody cares about his opinion

Bitcoin is becoming a serious competition for them. With the development of technology and the popularisation of payments by cryptocurrencies, paypal may begin to lose its importance. That's why they will always say that bitcoin is a scam because it threatens their position on the payments market.
many people today are trying not to communicate with the crypto currency, because they are afraid of fraud. In its time, mankind has survived the boom of financial pyramids and now everyone is looking with care at Bitcoin.
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May 25, 2018, 09:57:01 PM
 #171

bitcoin threatens their business, everyone will pay bitcoins, not Paypal
It's just slander
Fioraver
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May 25, 2018, 10:28:37 PM
 #172

Bitcoin is Scam. Short-lived CEO and co-founder of PayPal - Bill Harris has written his own opinion on cryptocurrency, Bitcoin. According to him, he claims that bitcoin is a fraud. He said it was an incredible pump and dump scheme, never seen or experienced in the world.

I would not expect anything else, In the end of the day Bitcoin and crypto currencies are their most serious competition.

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May 26, 2018, 12:05:54 AM
 #173

Very simple. Paypal CEO don't like crypto, because he knows that crypto can kill paypal  Smiley
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May 26, 2018, 02:16:56 AM
 #174

It funny how people who keep calling bitcoin secretly buy bitcoin. These are all usual FUDs we heard over and over. Maybe they can try something new because dome of us will hold unto bitcoin until we can use them in every transaction we want to do; that is the true purpose of the digital currency. From time to time I take some profit and reinvest later but the true value of bitcoin will be realized when it starts being accepted among the wider population.
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May 26, 2018, 02:36:13 AM
 #175

yes, very funny that many people already said that.
also crypto is the biggest competitor with paypal service. so that's easy to understand he will say like that.

kicauklaten
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May 26, 2018, 03:53:18 AM
 #176

It's just nonsense that there is no meaning at all. It's just a matter of competition only between the increasingly large crypto and paypal is getting dimmer. If crypto is increasingly becoming big bitcoin included will certainly result in that paypal can be bankrupted and destroyed. so the statement is just another scam to disfigure bitcoin alone without having a reason and a sure basis and corresponding facts.  Cheesy Cheesy Cheesy

yndye
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May 26, 2018, 04:17:22 AM
 #177

Bitcoin is Scam. Short-lived CEO and co-founder of PayPal - Bill Harris has written his own opinion on cryptocurrency, Bitcoin. According to him, he claims that bitcoin is a fraud. He said it was an incredible pump and dump scheme, never seen or experienced in the world.

It is just funny that they are saying bitcoin is scam when in fact they are still considering adopting it later on when it has stable value as what they claim. Take a look at this news. http://bitcoinist.com/paypal-well-definitely-support-bitcoin-becomes-better-currency/

Nevertheless, there is truth on what he said that bitcoin and cryptocurrencies in general are prone to pump and dump because it is unregulated but one cannot just easily say it is scam just because of its nature at the moment. They just want to get rid or make the people fear cryptocurrency because they know that one of the aim of bitcoin is to eliminate third party or middlemen in transactions and that is exactly the paypal's role.

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morgan4140
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May 26, 2018, 04:42:16 AM
 #178

Then why did he even develop a project on blockchain? The logic in his words - before the shot not to fall.
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May 26, 2018, 04:55:48 AM
 #179

Bitcoin is Scam. Short-lived CEO and co-founder of PayPal - Bill Harris has written his own opinion on cryptocurrency, Bitcoin. According to him, he claims that bitcoin is a fraud. He said it was an incredible pump and dump scheme, never seen or experienced in the world.

It is just funny that they are saying bitcoin is scam when in fact they are still considering adopting it later on when it has stable value as what they claim. Take a look at this news. http://bitcoinist.com/paypal-well-definitely-support-bitcoin-becomes-better-currency/

seriously the funniest thing to follow. If such a way they are sure it will create unhealthy competition. bitcoin does have a great future for the next few years, but with great risk, too. and it turns out the risk that excuses making bitcoin became ugly. I have no sympathy with the way PayPal did it.

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rommelo24
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May 26, 2018, 04:58:45 AM
 #180

Bitcoin is Scam. Short-lived CEO and co-founder of PayPal - Bill Harris has written his own opinion on cryptocurrency, Bitcoin. According to him, he claims that bitcoin is a fraud. He said it was an incredible pump and dump scheme, never seen or experienced in the world.
He could say whatever he wants because that is his own opinion and i consider him a critic to bitcoin. But i know that nobody listen to that guy because even Bill Gates had said negative things about bitcoin and it does not have an impact on bitcoin.
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