Quote from: mich on December 30, 2020, 08:04:56 AM

Quote from: DECABEATZ on December 30, 2020, 02:12:45 AM

NOT YOUR KEYS.......... NOT YOUR BITCOIN!!! MEANING IF YOU DONT HOLD THE KEY TO YOUR COINS THEN YOU REALLY DONT OWN THEM. PAYPAL HAS CUSTODY OF YOUR BITCOIN WHEN YOU BUY IT. WHICH IS NOT GOOD, CAUSE IF SOMETHING HAPPENS AND BITCOIN GOES MISSING. GUESS WHAT??? YOUR SCREWED. YOU WANNA BE ABLE TO TAKE YOUR BITCOIN INTO YOUR CUSTODY ON A HARDWARE WALLET NOT CONNECTED TO THE INTERNET. A USB WALLET THAT YOU OWN AND HOLD ONLY YOU!

This is the big thing that is a concern to me when it comes to digital currencies and specifically Bitcoin.

If I am not in control of my keys then I dont feel safe and dont trust that something horrible could happen to my crypto.

It is a great thing for our community and Bitcoin to have such a major company like Paypal get on board. I would never ever consider to use Paypal as a means of buying any crypto.

Plus how can the community be sure that the Bitcoin you buy in PayPal are backed by real Bitcoins? How can we be sure that centralized entities don’t inflate the supply in their ledgers? I believe this can be a threat to Bitcoin as a protocol because it wouldn’t be enough for full nodes to validate the supply, if a centralized entity can “print” Bitcoin in their ledgers.