Paypal won't let me sell bitcoins... Fuck... I'm so selling paypal stocks on Monday...

How can they stop you from selling Bitcoins? tell the buyer to send money through PayPal, How is it any of PayPal's Business?

@theabbie they're the platform... And apparently it turns out they probably don't actually buy the bitcoins...

@donuts Why would they buy useless snake oil? BitCoin has it's value because people are spending energy on generating it, and majority of it goes waste.

@theabbie well they advertised it as a trading platform but apparently it seems they're just book keeping with fake coins... Probably just matching users that but with users that sell and take a cute of both..

But now everyone wants to sell so...

@r20408e122449d ya but seems this is just the beginning...

https://google.com/amp/s/...

@donuts Maybe Elon Is influencing them to take this stupid decision, BitCoin is a plague.

@theabbie why would he, tsla owns a lot of btc?

@donuts Yeah, Elon is very ambitious about Crypto, when a single person is creating so much hype, things never go right.

@r20408e122449d yes but it looks like paypal isn't the place to hold....I want my money out first... Can't trust them anymore

@r20408e122449d Every coin is good in beginning, people who mined BitCoin very early are Rich now, These coins are stupid, it's just exchanging electricity with worthless blocks.

@theabbie every currency is valued virtually. BTC is about as virtual as the dollar for example is. It's just the mechanism that's different, it has the same function. Modern currencies largely are not tied to physical media. Calling something with value "stupid" is kinda shortsighted.

@RememberMe Except that the cost of creating BTC is (could) even be more expensive than it's value, Value assigned by Government to piece of paper is more efficient, not flawless, but good enough. If all the energy spent would actually be used (Like Ethereum) that would still be acceptable, but millions of nodes mining and only one node winning is bad even in concept.

@theabbie sure. That's a valid criticism of the proof of work algorithm. There are other proof algorithms, like proof of stake etc. that are being investigated/used. That doesn't make crypto "worthless blocks".

@RememberMe If people bought my paintings for $100, it's worth will be considered $100, however bad the painting be, People are buying BTC and that's what gives it value.

My criticism is only for BTC (ie. Proof-of-work Consensus algorithm), not Crypto.

I do support research in perfect consensus algorithm, Proof-of-stake isn't perfect yet, it needs lot of research now, people should be looking forward to it but Hyping BTC is not good, It's just a proof of concept, not for real-world use.

WTF is this?

Bitcoin Plunges 14% To $51,541 Due To Power Outage In China.

https://moneycontrol.com/news/...

One catastrophe and all your BTC becomes useless numbers.

@ OP

Not your keys, not your coins.

Re: this thread

God I hate seeing crypto noobs who can only associate value with price and generalize the shortcomings of specific projects with all crypto. Y'all are why we can't have nice things.

Stop treating crypto like stocks and start sifting through the marketing crap to look for the few projects that actually get shit done. And until you have done any actual research on the merits of PoW and PoS, you are not qualified to discuss their merits and shortcomings. Stop spreading hearsay and bullshit.

@endor so coinbase also a no?