I have 56 sMerit, which I would like to use to help good newbies rank up faster. So, here are the rules:
1. You must be of Newbie rank
2. You can nominate only one of your posts
3. The post must be made before my topic was created
4. You must explain why your post deserves merit and how much merit
5. You can only nominate replies - opening posts are not allowed
My goal is to show newbies that making good replies on existing topics is more important to this forum than creating new topics.
i will go for it. The post below is a reply that I made (not sure how you want this, but will put the post and link the post below). I expanded on the initial individual's post and gave specific examples as to what problems could occur when using Paypal as a way to buy/store/trade BTC. In turn, I followed up and started my own thread with an article which back up my thesis (lol) on why BTC and Paypal as currently correlated will function improperly for the user.
I'm having an issue with number 4. Is it possible to have you decide the appropriate amount of merit. Being a newbie, I'm still gauging what I think is normal/fair based on replies and new threads within the forum. I don't want to seem either greedy or nonchalant.
https://bitcointalk.org/index.php?topic=5285656.20Re: A look at PayPal’s TOS and What it Means for Users
December 02, 2020, 02:26:00 PM
Merited by o_e_l_e_o (2) +Merit #27
Quote from: Darker45 on October 31, 2020, 02:16:26 PM
Quote from: Csmiami on October 31, 2020, 11:32:10 AM
What could go wrong?
Everything. So I don't think even brand new users should make use of the service at this current state. Well, if out of mere curiosity and without really any intention to even get informed or understand the basics of Bitcoin, some newbies want to buy a very small amount, let them proceed. But if they are going to convert a large amount of money into Bitcoin, they should know better than just do it in Paypal. A little understanding of Bitcoin would probably strongly suggest them not to make Bitcoin purchases in Paypal.
I think this is going to be my first rant on the board, lol. You have no idea how correct you are, everything can go wrong. Paypal is almost a constant with the majority of the homes in the US. Over the past several years, look at the different adoptions that have occurred within Paypal.
1. Pay state taxes
2. Tax forms printed from Paypal's database
3. If you want to purchase crypto in Payapl, must verify KYC
Just these two items alone allows government information control. Too many people are worried about the seizure of "coins," but there needs to be as much if not more concern about the simple gathering of information. I wouldn't touch buying crypto in Paypal with a 10 foot pole. In order for a government to control a product, service, type of currency - they have to track it first.