Category: Bitcoin

Paypal was once among the favored methods for buying and selling bitcoin. This should come as no surprise. After all, Paypal is one of the Internet’s largest online payment processors while Bitcoin is the most popular digital currency. The two should be a match made in heaven, right? Actually, selling bitcoin may violate Paypal’s terms and services. For one, Paypal prohibits activity that “(h) involves currency exchanges or check cashing businesses.” While the debate over whether bitcoin is a digital asset or currencies continues to rise, the above prohibition adds complications for bitcoin traders. Second, scammers have been using a quirk in Paypal’s payment system to successfully scam people. Basically, someone will use Paypal to purchase Bitcoin, then claim that they didn’t receive anything. Since Bitcoin …

One of the current negatives in the crypto industry is the tribalism and Bitcoin bickering between rival clans online. While healthy discussion on the pros and cons of virtual money should be encouraged, it often deteriorates into digital mudslinging which detracts from the real issues at hand. Schiff vs Pomp in Bitcoin Battle Goldbug Peter Schiff has been very vocal in recent days and has ramped up his anti Bitcoin rhetoric to the levels we would expect from the likes from permabear Nouriel Roubini. The underlying trend with those that do not believe in cryptocurrencies is that they are old school investors that prefer old school, tried and tested financial vehicles such as stocks and commodities. In the same way that the internet revolutionized the flow of …