Is this a legit PayPal domain?Sounds like a fake domain.
Yes, the newsroom is linked to at the bottom of paypal.com.
Aha, thanks!
PayPal to support Ethereum and Bitcoin
301–310 of 409 posts
Re: PayPal to support Ethereum and Bitcoin
#302Earlier quoted context omitted.
These are mostly the same features Bitcoin/Ethereum provides to senders. But the cryptocurrency transactions are nonrepudiable, which is beneficial in some contexts (a friend of mine had his laptop stolen via a PayPal chargeback, and porn sites have had lots of problems opening and keeping credit card merchant accounts) and a drawback in others (the ripped clothing shipment mentioned in a sibling comment). And of cou…
> These are mostly the same features Bitcoin/Ethereum provides to senders. Sure, as does Apple & Google pay. I'm not saying PayPal is the only way, but I am frequently faced with either paypal or credit card, and in that situation I will do paypal every single time
Right!
Re: PayPal to support Ethereum and Bitcoin
#303I've bought bitcoin a few times using paypal, and while it says you can transfer it to any address, it would never actually let me complete the process. Support was utterly useless. Presumably it's some fraud risk sort of issue, but ultimately just cost me a few dollars in losses and fees to get my cash back. Never again.
You mean, they wouldn't let you withdraw the Bitcoin you had nominally bought from them?
Re: PayPal to support Ethereum and Bitcoin
#304Earlier quoted context omitted.
To your horror stories, while I'm sure many of them do involve legitimate disputes, I stopped accepting PayPal payments about a decade ago after what they did to a friend of mine. He and his wife owned a small hotel that took payment several ways, including Paypal. They didn't have too many customers paying that way and had allowed something over $10,000 to pile up in their Paypal account over time. When they tried t…
Indeed, my orders never exceed 100 bucks, and I have an automatic sweep into my bank account when it exceeds X dollars.
Might not be enough. PayPal is notorious for draining connected bank accounts in some cases.
Re: PayPal to support Ethereum and Bitcoin
#305Earlier quoted context omitted.
It’s actually more of a win-win situation if you look closely. Stablecoin issuers earn yield from holding U.S. Treasuries, which sustains their business model. Meanwhile, people in distressed economies get practical access to a digital dollar, often cheaper and faster than navigating restrictive exchange rules or paying steep conversion fees at money-changers. That’s meaningful when local currencies are unstable or l…
The foreign individual is likely better off in game theory terms, but their country is collectively likely worse off due to a reduction in their central bank's independence and ability to perform seigniorage/print money. Difficult to ban for the foreign nation, and probably results in a greater need for dollars for their government also.
Probably not. You would be right if we were talking about honest, competent central bankers. But most people live in poor countries. Why are those countries poor?
Every country is different, but poor countries are mostly poor because they are governed by kleptocrats, generally including their central bankers, and hyperinflation in particular is a constant menace. When the central bankers aren't directly kleptocratic themselves, they are very often incompetent but loyal, similar to most of Trump's nominees. In this situation, generally speaking, things that put power over individuals' lives back in the hands of those individuals, instead of the kleptocrats' hands, will improve the situation not just of the individuals but of their whole country.
Re: PayPal to support Ethereum and Bitcoin
#306Earlier quoted context omitted.
Paypal is good as a consumer. You can buy stuff without giving random sites your card details, and paypal is willing to refund purchases if you have a legitimate issue and the seller refuses to cooperate with you. My wife placed a large clothing order some months back, but the package got ripped in transit and we only received about a quarter of it. The seller company refused a refund because the tracking data said "…
Credit cards do the same, no? You can initiate a chargeback.
After waiting on the line with support for 4 hours and going through a phishing-tastic email flow, sure. (Maybe your credit card company has a better experience, but who wants to reach the point where you find that out?). With PayPal you just push the button.
Re: PayPal to support Ethereum and Bitcoin
#307Earlier quoted context omitted.
I do art for a very queer market and lately I've been trying to get people to pay me via Zelle, because using Paypal is putting pennies in the pocket of rich dipshits like Elon Musk or Peter Thiel, who put that money into Republican candidate pockets. Next to nobody's budged. It's all Paypal. I'm taking a class and I paid the teacher via Venmo, which is a fucking Paypal company. It's so damn entrenched. When the fuck…
Do you think that the rich dipshits that Zelle enables are significantly better? They're just responsible for an older slower form of the same abuse. We desperately need a ethical alternative, buy I think were going to have to build it ourselves.
They're not as openly shitty at least.
Crypto was supposed to be an alternative to all this but, well, look how that worked out.
Re: PayPal to support Ethereum and Bitcoin
#308Earlier quoted context omitted.
That is the point! You don't need companies like Paypal... Companies often offer services that are "not needed" because people like convenience, ease of use, etc. You don't need Paypal to use Bitcoin, but there's nothing in the spec that prohibits it.
I think their point is that in the end, most people want convenience. That convenience requires centralization, which eliminates a lot of the supposed benefits that something like cryptocurrencies were promoted with. We've already seen it play out very poorly several times in crypto already.
I don't think convenience requires centralization. Centralization makes some things easier and other things impossible, and things in both of those categories can be useful for convenience. BitTorrent, the WWW, and VisiCalc on the Apple ][ are three examples of distributed or decentralized systems that were much more convenient to use than their centralized predecessors.
Re: PayPal to support Ethereum and Bitcoin
#309Earlier quoted context omitted.
I think the difference here is that Bitcoin is predictable deflationary vs fiat being unpredictable. If you can know in advance the rate, it becomes sorta like an investment vehicle, where instead of dividends you get appreciation of the assets. To look at it another way - why one would spend $100 from their brokerage account if they know a year later they can spend $110?
Bitcoin is not remotely predictable. The value has swung wildly over the past 5 years. Dropping more than 50% then gaining 200%. By comparison, USD has been rock solid even with the recent run of inflation. An actually circulating currency causes a panic at an 8% drop in value and yet there was zero macroeconomic impact from BTC dropping 50%. BTC is less stable than Turkish Lira.
I am taking specifically about deflationary nature of Bitcoin issuance
Re: PayPal to support Ethereum and Bitcoin
#310Is this a legitimate alternative domain name for PayPal, or is it a parody or phishing site? It's not paypal.com. Apparently it's legit: https://news.ycombinator.com/item?id=45250319
Nice of them to cause confusion to make phoning easier. No, corp.paypal.com/news or PayPal.com/corp/newsroom etc weren’t a good idea. I’d love to hear how decisions like this get made.