Quote from: pooya87 on Today at 06:59:39 AM

Quote from: Darker45 on Today at 03:25:06 AM

Big things are happening right now. I don't consider them relatively little developments even in the short-term. What you mentioned are huge milestones for Bitcoin and cryptocurrency in general, especially the entrance of Paypal in the cryptocurrency market, allowing its large number of users to buy and sell Bitcoin using their Paypal accounts. All this signifies wide acceptance.

i disagree.
it is not a big milestone for bitcoin at all. a big milestone would be when retailers start accepting bitcoin directly and people start spending bitcoin day to day to buy things such as groceries. otherwise a payment processor with high fees and lots of issues such as chargeback scams letting its users buy bitcoin is not big.
and in short term, it can cause some hype which is why the importance of it in short term is very small. but in long term as it allows more people to dump their fiat using different methods for bitcoin it is a good thing.

I understand. This is, of course, very far from what we really want to see, far from the ideal. But I just think it is significant enough event to be considered a milestone for something as large and popular as Paypal to let its users buy and sell Bitcoin. Whether or not its users will actually do so is a different story. But at the very least, it means Bitcoin is being conveniently made available to hundreds of millions of people around the world. Somehow, it may also mean Bitcoin is not anymore a sort of an enemy or a threat or something like that. Or at least it promotes Bitcoin somehow and dispels the old prejudice that it is a criminal's money.

In my country, there is a local app which accepts Bitcoin payments. It makes it appear as though Bitcoin is really accepted because you can pay your water bills, electric bills, credit card bills, and so on; book flights, hotels, bus, ferries, and so on. But what really happens is that everything is settled in fiat and so the Bitcoin in the transactions is simply an IOU because Bitcoin, in the first place, is not recognized as a legal tender. Somehow, however, I consider it a huge milestone because it means people can make use of their Bitcoin aside from just playing with its price.

Paypal's Bitcoin is something like this, at least for now and in the early 2021 when it could be paid to partner merchants. But it's probably just the beginning of something bigger. Although it is really a big disappointment that users cannot deposit or withdraw Bitcoin.