onebigindian Posted October 23, 2020 Report Share Posted October 23, 2020 ...it's Great, right? 1 Quote Link to comment Share on other sites More sharing options...
buzzkillb Posted October 23, 2020 Report Share Posted October 23, 2020 Very good for altcoins once paypal allows Bitcoin to move into a private wallet. This will become the conduit into alts where all the cryptocurrency transactions will most likely end up later on down the road. Even just the hint of this is a big deal. Paypal adding BTC and whatever else, also legitimizes crypto in general more than probably anything else can do. Quote Link to comment Share on other sites More sharing options...
onebigindian Posted October 24, 2020 Author Report Share Posted October 24, 2020 Sorry, could you explain what you just said? What's an "altcoin"? What' s a private wallet? Why would it be very good? Quote Link to comment Share on other sites More sharing options...
buzzkillb Posted October 24, 2020 Report Share Posted October 24, 2020 1 hour ago, onebigindian said: Sorry, could you explain what you just said? What's an "altcoin"? What' s a private wallet? Why would it be very good? An altcoin would be considered a cryptocurrency with its own blockchain that isn't Bitcoin. Litecoin is an altcoin. Monero is an altcoin. Denarius is an altcoin. The terms of service on the paypal announcement says the user can buy bitcoin, but doesnt have access to the private keys. The user is not really getting Bitcoin, they would be getting hopes and promises Paypal has Bitcoin in their stash to back this. I could create a company called Cheese and offer bitcoin on my Cheese platform, never have Bitcoin, but pretend I do, and the newbies flocking to Cheese wouldn't know the difference. Quote Link to comment Share on other sites More sharing options...
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