Quote from: bitk on February 20, 2011, 11:26:03 AM

Quote from: ShadowOfHarbringer on February 19, 2011, 05:43:52 PM

Not true, or at least not the whole truth.

Bitcoin is simultaneously like:

1. Cash in the mail
2. Bullion mined from the ground
3. Physical commodity
4. E-currency
5. Paypal

Bitcoin is many things, limiting it only to money transfer is not very accurate IMHO.
Clearly this is invention of a genius, to say the true.

I can agree with 1, 2, 4, maybe even with 4.
But no way I can compare BTC to Paypal! The latter is a service involving digital money: eg, you are offered a buyer's protection program, safer (?) use of your cc online, etc... Paypal is more taylored to fit Ebay's needs, and is not really just about moving money.

Correct, however i meant that it is similiar in the way that you can easily send money worldwide in matter of seconds.
Paypal is a soft currency (drawbackable), so that is what differs it from hard currencies such as Bitcoin.