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Not at all. PayPal could not be more different than Bitcoin (centralised, insured etc.). Edit: I'm not defending PayPal, I'm saying Bitcoin and PayPal are two
by olivercameron 15y ago
Not at all. PayPal could not be more different than Bitcoin (centralised, insured etc.).
Edit: I'm not defending PayPal, I'm saying Bitcoin and PayPal are two different systems.
- ltamake 15y agoDoesn't mean that PayPal is invincible. It's been hacked before, and being centralised and insured doesn't mean anything.
- olivercameron 15y agoI'm not saying its invincible at all, I'm saying comparing PayPal and Bitcoin isn't appropriate considering they're very different.
- ceejayoz 15y ago> ... being ... insured doesn't mean anything. Uh... it means there's minimal risk that users will lose their money if PayPal gets compromised. That's pretty significant.
- burgerbrain 15y agoPaypal regularly "freezes" peoples funds, and there is little legal recourse in those cases since Paypal cleverly has avoided making itself legally a bank in the US (even though it clearly preforms functions people usually receive from banks).
- rmc 15y agoAFAIK PayPal are a bank in the EU. I don't know if their behaviour is much different, but I suspect it isn't.