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Why wouldn't Paypal invent its own Bitcoin (i.e. Paycoin) and have complete control of the system? Why would they want to use Bitcoin at all? I mean, they're t
by unreal37 14y ago
Why wouldn't Paypal invent its own Bitcoin (i.e. Paycoin) and have complete control of the system? Why would they want to use Bitcoin at all?
I mean, they're the 800 lb gorilla of online payments. They'd be smarter to invent their own thing than to use someone else's if they can.
- Mahn 14y agoYeah, and for that matter, why would anyone partner with Facebook, when you could easily build another social network? I mean look at Google, they clearly pulled that off without a problem. Bitcoin is used and has value. The same could most likely not be said about a hypothetical currency created by Paypal, specially considering one of the most important assets Bitcoin has is its decentralized and unregulated nature.