Quote from: flying_bit on August 15, 2018, 03:47:50 AM

Quote from: clear cookies on August 15, 2018, 01:31:43 AM

Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?

Source: cnbc

Let's analyze first the situation Paypal is right now to make that kind of statement...Paypal is currently most use means of payment and transferring of money in internet. For ecommerce business, even when accepting thru credit it still goes thru Paypal since they are offering secure payment. That's what Paypal is! Now here comes bitcoin, decentralized and anonymous (supposedly). Anyone can transact using bitcoin with no frills and fringe, less hassle and transparent. With all this, it's pretty obvious that Bitcoin is a threat to Paypal. Now need I say more why Bill Harris saying that?

Fo me bitcoin is not useless because we can earn more profit and give us a very big potential of the people. And it is also give help for us to buy what we want if we can have money of Bitcoin. And because of bitcoin, my life becomes brighter now because I can spend my family from out of town.