You don't need Paypal to use Bitcoin, but there's nothing in the spec that prohibits it.
In practice, the word "decentralized" just speaks to whether anyone can join in the protocol if they want. But it doesn't mean the protocol is easy to implement.
The benefit comes from having the option to go elsewhere. A business that cannot lock you in is more likely to try to retain your custom by offering a good service.
There are sites that still support Visa / Mastercard but removed their Paypal support. SubscribeStar, for example.
congrats if you buy a stablecoin - you've effectively financed the US gvt at 0%.
now the US gvt can inflate away that debt at 0 cost to them, and pass on the cost to you.
that's why a bunch of these stablecoin companies are pushing it as a way to save for people in distressed economies.
what a way to steal from the poor.
that's why the crypto act was called GENIUS act.
Just Devil's Advocate, but isn't that a reason not to use stablecoins? I mean, I can participate in the fleecing of the poor without changing anything at all apparently.
These typically pay interest. (Or have retail servicing costs attached.)
A bunch of zero marginal cost capital funding purchases of U.S. debt would absolutely push down rates, possibly lower than inflation, because if you’re a stablecoin issuer you’re not constrained by yield.
This is a dumb-money venture. And if there is this much money that is this dumb, Treasuries aren’t the worst place for it to go.
Yes, they are somewhat of a necessary evil if you do any online peer-to-peer buying/selling, since they are the only money transfer service that provides some level of "buyer protection", but you want to do the bare minimum with PayPal to avoid unnecessary risk.
Link one bank account (not your primary) to PayPal to receive money, and transfer received money immediately. Link one credit card for purchases. Nothing else. Do not link debit cards, do not sign up for their "balance account" where money is held in PayPal (no matter how hard they push it with UI dark patterns in their app), do not sign up for their crypto account.
Has this been your experience with PayPal?
More specifically, their support cannot actually do anything to resolve problems. They read off what their computer screen is telling them. They can't take any actions to fix things.
Doubly so when the feature being discussed is crypto related.
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?
People who love crypto will hate anything that has anything to do with legacy censorship-prone fraudulent financial institutions like PayPal.
Who is this for?
So I’ll continue to avoid them in the next 6 years as well.
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baobabKoodaa•30m ago
https://www.attejuvonen.fi/paypal-sends-phishing-emails/