Post
Topic
Board Bitcoin Discussion
Re: what do you think about Bitcoin, Visa, Mastercard and Paypal
by
QUEDOS
on 16/10/2015, 18:14:44 UTC
Bitcoin :
- buy smartphone
- download bitcoin wallet
- buy and sell bitcoin





Credit Card OR Paypal :
- open bank account
- pay for credit card
- limited supply per day, week and month
- open paypal account
- wait 3 days (4 numbers in bank account debit)
- limited supply per day, week and month
- can be freezed at any time for any bullshit


Totally agree

Bitcoin proposes a superior system that just cannot be matched by the likes of visa etc

The most important factor is bitcoins trustless nature

You simply do not have to rely on the competence (or lack of) any one individual which is something a typical centralized corporation is incapable of competing against