OP here - so many of you seem to be unhappy that I used the word "scam". Here's why I am so skeptical.....

1) Right now , we all agree that the way that they've implemented this is not ideal. However many are optimistic that PayPals implementation will change to allow withdrawals. If and when that happens, I will be happy to say that I was wrong, but I'm waiting for that to happen.

2) Remember, Bitcoin was ignored and mocked for so long, but with the attention that its now receiving , those that stand to lose from it will start increasing their attacks on it. PayPals traditional business stands to be impacted in a big way by crypto including Bitcoin. If PayPal is smart , it will embrace Bitcoin which could be very good for them.

3) If Paypal / other institutions and governments start attacking Bitcoin after this recent resurgence, one way they'll do it is to convince users that they're using Bitcoin ( therefore riding the buzz ) while not actually giving them Bitcoin. This would both create fraction reserve inflation and slowly make the actual blockchain irrelevant , while the uninformed masses think they're getting in on the Bitcoin action.

4) If nothing changes, all PayPals "bitcoin" is,  is a number in their database, with absolutely nothing to do with Bitcoin or the blockchain itself ( as I've said in the video , where it's easier to explain than typing out all this ).

5) IF PayPals intentions are good, they implement the changes that we all want including withdrawals , then it would prove that they're NOT attacking Bitcoin , but embracing it. More importantly , Paypals Bitcoin platform could become the ULTIMATE LIGHTNING NETWORK , helping Bitcoin payments scale , but with the options to still withdraw and own your coins ( with that final transaction being recorded on the blockchain ).

Lets see what happens next......