Was PayPal ever a good option in the early days of exchanges in order to buy bitcoin? If someone wanted to buy a ton of bitcoin in early 2010, would PayPal have been the way to go to buy more than 1000 usd worth of bitcoin? Why did PayPal get a bad reputation then?
The major problem you would have to consider in a possible case scenario like this is privacy. To start with, you can't buy some coins on PayPal without carrying out KYC verification and that is one thing that old bitcoin enthusiasts avoid the most. Buying such a huge amount back then has a lot of risks on the buyer.
Virwox was one of the few exchanges that accepted PayPal back in the very early days, but charged high fees (I believe 20%, if not more).
That's crazy high besides that did they require KYC back then too because this is the first time I'm actually hearing about them.