Quote from: BobLawblaw on December 21, 2020, 06:24:48 PM

So far, it's been way profitable for me (unrealized), but I'm fully aware of the tax implications involved with selling PPBTC (Already had to sell off a sliver of PPBTC, and was forced to enter my SSN to continue. I see what you did there PayPal. Har har IRS. That $25 was sold at a loss !!)

Playing the devil advocate right now, but legally speaking, if you would have done this on Coinbase for example, wound't you still be liable for the same taxes? Or on any exchange? Of course, buying and selling at an ATM or P2P would have given you some privacy but still from a legal point of view that would be tax evasion, right? I'm not talking about what's moral or views on it but strictly legally! So, you do it with PPBTC or withBTC at Kraken it's the same in the end, right?

Quote from: BobLawblaw on December 21, 2020, 06:24:48 PM

I believe it's fully degenerate, mostly due to the fact you cannot transfer PPBTC out to your own custody.

Or, a solution to the above conundrum, hold till they will eventually let you withdraw real coins to your wallet, even if for some the average life expectancy often loses when it comes to good things getting implemented. If it took Coinbse 3 years to batch transactions we could assume 30 for Paypal real crypto withdrawals.

Quote from: thecodebear on Today at 12:49:27 AM

I'll stick to holding my own bitcoin, but for the majority of consumers out there custody from paypal and other institutions will just make more sense for them. I would even argue that having these third party custodians is GOOD. That's right, good.

There is no need to argue, for a lot of people somebody else storing their coins is a better solution, guys like:
[ur=https://www.bbc.com/news/technology-53485170l]Twitter hack: Exchange 'blocked 1,000 Bitcoin transactions'[/url]

And at this point, I can say for sure that these services have just one way to go in terms of coins held, up!!! Of course, there will be thousands like us storing our coins in our own wallets but millions won't.