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Author Topic: Do you think Bitcoin will change, like PayPal did?  (Read 206 times)
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August 06, 2018, 03:43:10 PM
 #1

                                                          --==<  http://prntscr.com/kfd3d4 >==--

You know, when companies start out, they make these FREE forever promises and then they grow into multinational

companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still

trying to honour that promise or will we turn into another PayPal?

Just reminder that we are supposed to be different than our competitors. Right?

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August 08, 2018, 08:46:53 PM
 #2

Actually the transaction cost in the bitcoin is low but it is higher in relative term but it needs to make it lower. I think this will happen as the number of users of bitcoin is increasing day by day. So investors need to be calm and give some time to the bitcoin.
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August 08, 2018, 09:55:08 PM
 #3

The chances are pretty slim, because the people accepted the BTC for what is it and for the way it is. If it does change, it will be a change for the betterment of the coin and for the people.
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August 08, 2018, 10:37:49 PM
 #4

                                                          --==<  http://prntscr.com/kfd3d4 >==--

You know, when companies start out, they make these FREE forever promises and then they grow into multinational

companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still

trying to honour that promise or will we turn into another PayPal?

Just reminder that we are supposed to be different than our competitors. Right?

What suddenly made you think that bitcoin transactions are costly?? It was earlier during late 2017s but with the adoption of segwit, it has come down to a very nominal level. People pays in cents for thousands of dollars of transactions with bitcoin. Paypal will never be able to achieve that in its lifetime.

Actually the comparison between paypal and bitcoin is wrong. One is a profit making organization and another one is decentralized p2p currency system. They don't belong to the same league!!

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August 08, 2018, 11:05:11 PM
 #5

                                                          --==<  http://prntscr.com/kfd3d4 >==--

You know, when companies start out, they make these FREE forever promises and then they grow into multinational

companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still

trying to honour that promise or will we turn into another PayPal?

Just reminder that we are supposed to be different than our competitors. Right?

Bitcoin was created to be different from the way we used to transact online, if we turn into another paypal then decentralization where Bitcoin is a big proponent is lost, Bitcoin is decentralized no third party transaction it should stay that way or it's not going to be cryptocurrency anymore.


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August 08, 2018, 11:14:03 PM
 #6

                                                          --==<  http://prntscr.com/kfd3d4 >==--

You know, when companies start out, they make these FREE forever promises and then they grow into multinational

companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still

trying to honour that promise or will we turn into another PayPal?

Just reminder that we are supposed to be different than our competitors. Right?

Actually, the transaction fees are not that high. Sometimes, you feel that the transaction fees are expensive because the value of Bitcoin increases. It's that value that changes and becomes expensive not the amount. Aside from that, there are other alternatives in the market. You can buy altcoins which offer lower transaction fees and faster transaction process.


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August 08, 2018, 11:15:39 PM
 #7


 bitcoin is far much excellent than paypal. more reliable than paypal. bitcoin charges are low and minimal compared to paypal. but bitcoin should keep to its promises to keep on
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August 08, 2018, 11:21:23 PM
 #8

                   
You know, when companies start out, they make these FREE forever promises and then they grow into multinational

companies with profit driven goals and all of this amounts to lies.

Comparing bitcoin to a company....

/thread

Learn about Bitcoin, Altcoins and Gambling with ICO's at www.cryptogamblingsites.com
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August 08, 2018, 11:26:21 PM
 #9

Paypal is fuckall shit. I hate it, but unfortunately a lot of services only accept paypal.

I am shook that you think that the possibility of bitcoin ever becoming like paypal exists. It won't. They are based on different backgrounds. Bitcoin's fees may go high up when all the 21 million bitcoins are mined,since miners would only be able to get fees as a reward, but who knows what will happen till then. Just live in the moment.


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August 08, 2018, 11:27:07 PM
 #10

It won't happen that way. PayPal is a company and they answer to shareholders and the public. Bitcoin isn't a company, there's no shareholders, and no central repository.

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August 08, 2018, 11:34:53 PM
 #11

Paypal is fuckall shit. I hate it, but unfortunately a lot of services only accept paypal.
PayPal's popularity comes indeed from its world wide merchant adoption, but the other crucial aspect is that it always favors the buyer, which is what people absolutely love about PayPal.

I have seen loads of complaints from sellers when it comes to reversed transactions and whatnot, but they keep using it to remain relevant. You can't stop using PayPal as merchant, it's that simple.

It's not for nothing that PayPal managed to grow consistently throughout the last few years. The only negative thing is that they recently changed their F&F fee structure.

Sending $1 to 'friends' costs me $1 while before the F&F fee was fixed at 1% of the transaction value. Not sure why they decided to change their fee structure, but I hope it will help boosting Bitcoin's adoption somewhat.

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August 08, 2018, 11:52:51 PM
 #12

To change Bitcoin supply, its inner workings, I think there has to be a consensus among its core developers. Remember PayPal is centralized however, Bitcoin is decentralized that's why I think its kind of hard to change things with Bitcoins. My feeling is that in the short run, nothing will change for Bitcoins.

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August 09, 2018, 12:26:30 AM
 #13

Am pretty sure time will be the conclusive  answer to this because we can not definitely determine what will happen but i think virtually the transaction fee as we see will have significant change as in reduced price if the global usage bitcoin keeps on incresing.

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August 09, 2018, 12:27:24 AM
 #14

hmm, i like this topic, i think bitcoin transfer fee right now is low, but there are many transaction in this world about bitcoin, so the priority is very important right now if we want to spend much fee i think the transaction will confirmed in fast way, if we use the small fee i think our transaction will need some tome

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August 09, 2018, 12:29:10 AM
 #15

Bitcoin is the most useless blockchain, it is overprices cuz of hype 2017, it is the worst blockchain solution....it will go down and will not change

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KingScorpio
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August 09, 2018, 12:30:50 AM
 #16

                                                          --==<  http://prntscr.com/kfd3d4 >==--

You know, when companies start out, they make these FREE forever promises and then they grow into multinational

companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still

trying to honour that promise or will we turn into another PayPal?

Just reminder that we are supposed to be different than our competitors. Right?

paypal is dieing now with growth of crypto, there wont be a global social trend that will bury bitcoin but rather a fashion style change, and loss in keeping market attention

Aurora Castro
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August 09, 2018, 12:44:46 AM
 #17

                                                          --==<  http://prntscr.com/kfd3d4 >==--

You know, when companies start out, they make these FREE forever promises and then they grow into multinational

companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still

trying to honour that promise or will we turn into another PayPal?

Just reminder that we are supposed to be different than our competitors. Right?

Maybe for some people they see it as a risk to trust or not in this project. But Bitcoin is more than Paypal and any other. It has been a great project, and I know that if it changes, it will be to improve.
marcbitcoins
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August 09, 2018, 12:54:38 AM
 #18

                                                          --==<  http://prntscr.com/kfd3d4 >==--

You know, when companies start out, they make these FREE forever promises and then they grow into multinational

companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still

trying to honour that promise or will we turn into another PayPal?

Just reminder that we are supposed to be different than our competitors. Right?

I don't know that Mr.Satoshi promise anything about Bitcoin investments but i know that the blockchain needs more improvements to meet the users satisfactions like cheaper fees and fast transaction process. I think they are already working on this now about improvements because they already know that this is very necessary specially that Bitcoin investment are growing fast.

0t3p0t
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August 09, 2018, 01:24:44 AM
 #19

                                                          --==<  http://prntscr.com/kfd3d4 >==--

You know, when companies start out, they make these FREE forever promises and then they grow into multinational

companies with profit driven goals and all of this amounts to lies. Satoshi promised us "cheaper" transactions... Are we still

trying to honour that promise or will we turn into another PayPal?

Just reminder that we are supposed to be different than our competitors. Right?
It doesn't matter if the fee of Bitcoin goes up and down because we still have choices like Altcoins but yeah we have choices now like using segwit wallets with a minimal fee. Though we can be affected if all these alternatives doesn't exist because of the fact that fees are way too important as it will be used in every transaction we made and I am pretty impressed because there are still ways and alternatives for to continue using Bitcoin either as an investment or as payment without having issues regarding fees. Thanks to the Bitcoin developers and the strong community that still and will still support Bitcoin in the future.

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August 09, 2018, 01:53:34 AM
 #20

You can't say PayPal is a competitor to Bitcoin  Huh completely different infrastructure, completely different possibilities!
and, Bitcoin is open source and anyone can contribute, and it's supposed to be developed in the direction that the community wants..

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