Well is regulation & insurance of funds vs No regulation & anonymity
I don't think what paypal does means centralization, is just regulation, and who cares about the private key if you can prove the property and the funds are insured.
I'm a holder, i don't use btc to pay anything, just waiting, as i do with some other assets. Any investment can fail, and not meet expectations. But only in the case of btc I have to be worrying about hackers and companies without credibility. If you have shares deposited in a bank and bankruptcy, there are national funds that cover important amounts. But if this happens to you in the crypto world, you have lost your money
So I am really happy for the news of paypal, and I hope that more companies with their credibility continue to join the crypto world, where the current biggest problem is lack of credibility and insecurity
Well.. this is one of the best responses I could find in this thread. There has been a lot of criticism directed towards PayPal, and I have to say that much of it is unwarranted. I have been at the receiving end of account freezing by PayPal many years back. After that I never used PayPal. But that said, I can't ignore the fact that hundreds of millions of users around the world are using PayPal right now. Making cryptocurrency available to all these people is a big boost to the adoption. I would still keep my coins in my paper wallet and doesn't plan to reopen an account with PayPal. But there may be a lot of people, who will find the acceptance of BTC by PayPal very useful.