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Author Topic: Paypal. Is. Scared.  (Read 2713 times)
commandrix (OP)
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September 17, 2014, 01:01:41 AM
 #1

They're running attack ads on Apple's new payment system. COMPLETELY ignoring the fact that Paypal is as hackable as any online system and COMPLETELY ignoring the fact that they often shut down member accounts just so they can keep the money. http://www.wired.com/2014/09/paypals-attack-ad-shows-apples-power-inspire-fear-loathing/?mbid=social_fb
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September 17, 2014, 01:26:35 AM
 #2

They should be scared. They are a shitty company that steals and locks accounts for no reason. I haven't seen any attack ads personally but the one listed on that site is weak.

Hopefully Google Wallet and Apple Pay will take away their grasp on online payments and p2p transfers.
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September 17, 2014, 01:27:41 AM
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but they are reliable in that you can dispute payments and get refunds, something which still leaves the bitcoin open to scammers...still.
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September 17, 2014, 01:32:56 AM
 #4

scared? i don't think so but it look like a political election. Don't show how good you are, show how bad the other is. Typical advertising by a company that nothing more to offer than the other one.

never had a problem with paypal. still use it but carefully.
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September 17, 2014, 01:39:57 AM
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Bitcoin was like...



and Paypal was like...

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September 17, 2014, 02:05:02 AM
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I am not sure that I have heard any incident regarding the security concerns over PayPal, so still a safe bet. Cool Cool

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September 17, 2014, 02:05:41 AM
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plus you can't buy drugs or guns with paypal...yet!
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September 17, 2014, 02:07:52 AM
 #8

They should be scared. They are a shitty company that steals and locks accounts for no reason. I haven't seen any attack ads personally but the one listed on that site is weak.

Hopefully Google Wallet and Apple Pay will take away their grasp on online payments and p2p transfers.
True enough this may be apple were talking about and while they compete with bitcoin the fact that were seeing some serious movement in the field because Bitcoin is shaking things up is good for all consumers in the end.
Plus paypal is a beech.

Believing in Bitcoins and it's ability to change the world
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September 17, 2014, 03:16:47 AM
 #9

They should be scared. They are a shitty company that steals and locks accounts for no reason. I haven't seen any attack ads personally but the one listed on that site is weak.

Hopefully Google Wallet and Apple Pay will take away their grasp on online payments and p2p transfers.
They lock accounts because they cannot be certain as to who "owns" certain money in the account due to their charge backs policies. I think this will ultimately lead to the demise of paypal because someone with a balance in their account does not truly know if they will be able to actually spend the money. It is like having a transaction be "unconfirmed" for months while having the possibility of a "double spend" against your account.

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September 17, 2014, 03:22:35 AM
 #10

Never mind. Anyway, I do not use palpay and apple  Roll Eyes
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September 17, 2014, 05:00:07 AM
 #11

They should be scared. They are a shitty company that steals and locks accounts for no reason. I haven't seen any attack ads personally but the one listed on that site is weak.

Hopefully Google Wallet and Apple Pay will take away their grasp on online payments and p2p transfers.
They lock accounts because they cannot be certain as to who "owns" certain money in the account due to their charge backs policies. I think this will ultimately lead to the demise of paypal because someone with a balance in their account does not truly know if they will be able to actually spend the money. It is like having a transaction be "unconfirmed" for months while having the possibility of a "double spend" against your account.


Well crafted answer. This hits the nail on the head regarding paypal. While basically describing how the fundamentals of how bitcoin and a new business model is born.

Bitcoin does seem like it has quite a lot of potential to change the world drastically if it can take hold.
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September 17, 2014, 05:04:52 AM
 #12

Between Apple pay and bitcoin, Paypal days are numbered.

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September 17, 2014, 05:11:47 AM
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Bitcoin is not scared, it is unique.
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September 17, 2014, 05:12:42 AM
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It would be great to see Bitcoin and cryptos take over heavily flawed centralized currency and payment systems like PayPal in the next 5-10 years.

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September 17, 2014, 05:18:07 AM
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interesting to say the least.
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September 17, 2014, 05:55:06 AM
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Bitcoin does seem like it has quite a lot of potential to change the world drastically if it can take hold
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September 17, 2014, 06:03:37 AM
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Paypal would own alot of Bitcoin

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September 17, 2014, 06:16:43 AM
 #18

They should be scared. They are a shitty company that steals and locks accounts for no reason. I haven't seen any attack ads personally but the one listed on that site is weak.

Hopefully Google Wallet and Apple Pay will take away their grasp on online payments and p2p transfers.
They lock accounts because they cannot be certain as to who "owns" certain money in the account due to their charge backs policies. I think this will ultimately lead to the demise of paypal because someone with a balance in their account does not truly know if they will be able to actually spend the money. It is like having a transaction be "unconfirmed" for months while having the possibility of a "double spend" against your account.

Great description.

They will also reverse transactions and put you into the red if they think there is ANY suspicious activity. The money in the accounts is not really yours and at any moment can be taken away from you under broad reasons of suspicion. Hopefully people realize these downfalls and stop using them altogether. 
CtrlAltBernanke420
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September 17, 2014, 06:46:19 AM
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They should be scared. They are a shitty company that steals and locks accounts for no reason. I haven't seen any attack ads personally but the one listed on that site is weak.

Hopefully Google Wallet and Apple Pay will take away their grasp on online payments and p2p transfers.
They lock accounts because they cannot be certain as to who "owns" certain money in the account due to their charge backs policies. I think this will ultimately lead to the demise of paypal because someone with a balance in their account does not truly know if they will be able to actually spend the money. It is like having a transaction be "unconfirmed" for months while having the possibility of a "double spend" against your account.

Great description.

They will also reverse transactions and put you into the red if they think there is ANY suspicious activity. The money in the accounts is not really yours and at any moment can be taken away from you under broad reasons of suspicion. Hopefully people realize these downfalls and stop using them altogether. 

Paypal could taken over by the govt and when the system collapses the govt could be the vendor and we be the buyers and they could regulate resources that way. Just an idea..
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September 17, 2014, 09:05:07 AM
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Between Apple pay and bitcoin, Paypal days are numbered.

The user base of Apple pay is too small.
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September 17, 2014, 09:42:07 AM
 #21

Paypal is about to accept Bitcoin, so it's in our interest that all goes well with Paypal now, even tho we don't really need this company to function, the Paypal brand is huge and if they adopt Bitcoin, a lot of clueless people that know Paypal (basically most average joes that do online shopping know Paypal) will now know Bitcoin.

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September 17, 2014, 10:00:34 AM
 #22

Paypal is about to accept Bitcoin, so it's in our interest that all goes well with Paypal now, even tho we don't really need this company to function, the Paypal brand is huge and if they adopt Bitcoin, a lot of clueless people that know Paypal (basically most average joes that do online shopping know Paypal) will now know Bitcoin.

I am a user of Paypal. If I can store digital coins there, it would be excellent.
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September 17, 2014, 01:03:08 PM
 #23

When bitcoin proponents attack Paypal its different though because bitcoins have never been stolen
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September 17, 2014, 01:07:05 PM
 #24

plus you can't buy drugs or guns with paypal...yet!

This is a laugh, 3d printing is to be used for printing medication, and the liberator gun is free on pirate bay.. who needs theiving paypal?
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September 17, 2014, 01:35:16 PM
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Divide and conquer.
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September 17, 2014, 05:44:54 PM
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When bitcoin proponents attack Paypal its different though because bitcoins have never been stolen

And neither are they given.. or at least you'd be dead before you can appreciate the actual value of working for bitcoin.
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September 17, 2014, 07:55:19 PM
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Paypal is about to accept Bitcoin, so it's in our interest that all goes well with Paypal now, even tho we don't really need this company to function, the Paypal brand is huge and if they adopt Bitcoin, a lot of clueless people that know Paypal (basically most average joes that do online shopping know Paypal) will now know Bitcoin.

Paypal will never be a "friend" even if it accepts bitcoin at some point.

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September 17, 2014, 10:26:14 PM
 #28

Paypal is about to accept Bitcoin, so it's in our interest that all goes well with Paypal now, even tho we don't really need this company to function, the Paypal brand is huge and if they adopt Bitcoin, a lot of clueless people that know Paypal (basically most average joes that do online shopping know Paypal) will now know Bitcoin.

Paypal will never be a "friend" even if it accepts bitcoin at some point.



True, paypal see an opportunity to make money, they're trying to take that opportunity. We'll have to see how they handle things when dealing with scammers.
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September 17, 2014, 11:07:24 PM
 #29

Paypal are dumb as should be tooken down
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September 17, 2014, 11:23:08 PM
 #30

Paypal is about to accept Bitcoin, so it's in our interest that all goes well with Paypal now, even tho we don't really need this company to function, the Paypal brand is huge and if they adopt Bitcoin, a lot of clueless people that know Paypal (basically most average joes that do online shopping know Paypal) will now know Bitcoin.

Paypal will never be a "friend" even if it accepts bitcoin at some point.


True, paypal see an opportunity to make money, they're trying to take that opportunity. We'll have to see how they handle things when dealing with scammers.

Yes, but it's not an opportunity to make money. It's desperation not to loose money.

Paypal = ebay ... ebay had a significant security breach not long ago, with the majority of its users' addresses and password hashes sniffed by hackers. So Paypal should better:
1) shut up because of no credibility
2) shut down because of bitcoin

It's better for everyone to see these crooks vanish.

ya.ya.yo!

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September 18, 2014, 06:46:57 AM
 #31

True, paypal see an opportunity to make money, they're trying to take that opportunity. We'll have to see how they handle things when dealing with scammers.

How to deal with scammers is the most important thing in BTC related trading.
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September 18, 2014, 08:25:47 AM
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PayPal scared? Why exactly, people who own a lot of BTC should be scared because BTC value will continue decreasing
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September 18, 2014, 08:42:45 AM
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PayPal scared? Why exactly, people who own a lot of BTC should be scared because BTC value will continue decreasing

I would agree with you on that one, just hope we are both wrong
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September 21, 2014, 09:59:37 AM
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When bitcoin proponents attack Paypal its different though because bitcoins have never been stolen
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September 21, 2014, 10:47:09 AM
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Paypal is bad, it should die for closing user account without reason and keeping their money for 6 months
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September 21, 2014, 11:11:32 AM
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Yes, but it's not an opportunity to make money. It's desperation not to loose money.

Paypal = ebay ... ebay had a significant security breach not long ago, with the majority of its users' addresses and password hashes sniffed by hackers. So Paypal should better:
1) shut up because of no credibility
2) shut down because of bitcoin

It's better for everyone to see these crooks vanish.

ya.ya.yo!

Amen to that!:)
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September 23, 2014, 07:20:25 PM
 #37

PayPal should be scared. They should just shut down so no one else gets hurt.

Due to an article that BitcoinTalk didn't like that I wrote on CCN, my account is banned. Theymos refuses to reply to my request for hearing his side of the story instead of banning my account. Please sign my petition to get Theymos to unban my account. Thank you.
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September 23, 2014, 08:33:35 PM
 #38

Paypal will start accepting bitcoins soon:
https://www.paypal-community.com/t5/PayPal-Forward/PayPal-and-Virtual-Currency/ba-p/828230
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September 23, 2014, 09:22:30 PM
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Paypal is doing good for bitcoin.... to their own demise
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September 24, 2014, 01:21:06 AM
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Paypal is doing good for bitcoin.... to their own demise

I beg to differ with your argument. I believe that the company is simply changing its ways in order to adapt to the rapidly changing financial landscape.
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September 24, 2014, 04:25:14 AM
 #41

I agree with you. Because BTC offer more privacy than PayPal.
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September 24, 2014, 08:03:56 AM
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This is just the start. It will roll out world wide in the future.
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September 24, 2014, 08:46:44 AM
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Starting off with the fact that to outrank PayPal, Apple Pay should outrank Android first.
And statements such as PayPal's days are over, it's rediculous. How do you see every user writing down his VISA card info in suspicious websites just like that if he doesn't want to go hipster? huh
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September 24, 2014, 11:10:08 AM
 #44

Now that also want to steal bitcoin. We should all ban Paypal!
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September 25, 2014, 09:42:57 AM
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is good to remember that if you use paypal you gotta be careful, and try to don't keep big ammounts of money on paypal, actually that website has been showing a weak side for hacks.
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September 25, 2014, 10:04:15 AM
 #46

is good to remember that if you use paypal you gotta be careful, and try to don't keep big ammounts of money on paypal, actually that website has been showing a weak side for hacks.

That is a good suggestion. I do not keep money in Paypal. But I do have a direct debit set up with Paypal, it can take money from bank account at any time. I wonder if that is also vulnerable to attack.
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September 25, 2014, 11:53:33 AM
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Paypal and bitcoin is now working hand in hand to
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September 25, 2014, 12:55:27 PM
 #48

Paypal and bitcoin is now working hand in hand to

More like Bitcoin is Paypals bitch.
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September 25, 2014, 01:35:39 PM
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Paypal and bitcoin is now working hand in hand to

More like Bitcoin is Paypals bitch.

The spelling of Bitcoin is closer to bitch?
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September 25, 2014, 01:44:19 PM
 #50

Paypal and bitcoin is now working hand in hand to

More like Bitcoin is Paypals bitch.

The spelling of Bitcoin is closer to bitch?
Only a little bit.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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September 28, 2014, 09:50:35 PM
 #51

Paypal and bitcoin is now working hand in hand to

More like Bitcoin is Paypals bitch.

Bitcoin and Paypal can grow side by side and a bit together as well

Paypal has actually innovated in terms of paying on internet
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