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Until the value of Bitcoin is more stable and technology illiterate people start to use it, there is no way that something like this can replace PayPal.

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It's not the price stability, which is still a serious concern, but the fact that you're talking about a system designed by crypto-anarchists.

There is no way Bitcoin will ever displace Paypal without serious, fundamental changes.

That was ad hominem and lacking a proper argument against bitcoin or crypto-currencies.

I have no problem with crypto-currencies in general, but one where you have literally no idea who wrote it? That's more than a little worrying.

Would you place much trust in a platform when you have absolutely no idea where it came from or what the motivations behind it might be?

The creator of Truecrypt is anonymous.

But third parties can still verify is security.

It's funny you should mention that, since Paypal was also founded by crypto-anarchists.

Paypal is also an entity with a head office, where the people involved in creating it are widely known. Although you might disagree with their policies or ethics, at least they're a legitimate concern.

Bitcoin was created by "some guy" that, if anybody knows them, nobody's talking. Illegal, underground money lenders are more above-board than this.

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