Quote from: fractureproof on August 29, 2015, 06:41:12 PM

I'm new to this whole bitcoin thing, finally got my first fraction after waiting a week through coinbase.

I don't understand why selling bitcoin w/ PayPal is high risk. There is the blockchain record of all transactions, so if I want to sell on eBay, I would instruct the winner to send a note in his/her PayPal payment of their wallet address and maybe to include some statement such as "this is a unique wallet address, public bitcoin blockchain record of payment to this address is agreed as proof of delivery".

Am I missing something?

It is also I their TOS that they prohibit explicitly the trade of digital/crypto currencies via PayPal. Why? Well they probably see crypto currencies as a danger so they don't want to help a spread and adoption of the cryptos. Also, by doing the chargeback, they give crypto a bad name and a lot of unhappy users.

I know that someone will tell that this is a conspiracy theory above, but if you think about it a bit more, for Paypal, a sale of a digital currency should be an easy money earned. They just check a blockchain and they side with the buyer or seller. No need to check the delivery confirmations, post offices, and investigate further. Few clicks and you investigate everything.

So why don't they do it and earn easy money? They hate Bitcoin.