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RE: Why Raiblocks Will End as a Pump & Dump

in #raiblocks7 years ago (edited)

A bit out of the topic but still relevant. At one point you mention that there is almost no reason to use Bitcoin over PayPal. Well, I don't see it to be entirely accurate statement. While PP has its advantages that are ease of use, it's fast, and its usually a go-to payment type on scammy sites online, it's also in many occasions is expensive on business side- fees can get just insane, it lacks interoperability with other payment networks, PP is not that good and user-friendly in many parts of the world, and on top of that PP can easily block your accounts (based on one of thousand points in its Terms&Conditions no one ever reads). And when I say they can block your account for no obvious reason- well, I have one of my PP accounts blocked, and I know plenty of friends whose accounts have been frozen over some PP bs. So, here is #1 reason to use Bitcoin (or any decentralized crypto for that matter) over PP- you are in control of your funds. If you are using PP and your PP account has never been frozen- well, good for you, but don't be fooled that you can't wake up one day and find all your funds to be locked. And good luck arguing with PP, will see how much time and energy that takes and who comes out as a winner.