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
very well said, looking from an average or should i say less knowledge about crypto perspective, what paypal is offering is not entirely wrong, it is a matter of given a platform for the less knowledgeable people to have an opportunity to be in crypto, like i said in one of my previous post, till now many crypto traders and non-traders prefer to leave their crypto assets in exchange which in my opinion is more or less same as having your crypto with paypal only with slight difference,
again if we want giant companies and corporations to be in crypto then definitely there will be some form of regulations that will be introduce along the line, crypto is too vulnerable, it won't hurt to see some little form of regulations here and there, besides, this is still a question of choice.