Who cares about Paypal? they have screwed so many people and companies one has to wonder how they get away with it and still are in business
Bitcoin (or bitcoinlike replacement) is the future and the most interesting thing to come out (Technologywise) since email, bittorent or social networks
PayPal is to worldwide online payments what Microsoft was to OSes in the nineties. Bitcoin is Linux. It's free, and by some measures better, yet nobody wants to use it.
They're essentially a monopolist.
Nobody else has what they have: access to nearly every country, worldwide.
Except that the analogy is off, given that paypal deals in established currency that you don't first have to generate or buy (via a convoluted process that involves handing over your ID etc to trading websites, or selling post-order drugs).
PayPal processed $44 billion in 2013 Q3 alone. It's miles ahead of everyone else right now. That can obviously change, but when a the slow giant gets a little quicker on it's feet, everyone notices.
I don't know much about bitcoin. If I pay you with that, and you fail to ship me the product, can I get a chargeback? If not, I think that answers your question.
See the comment above comparing Paypal vs Bitcoin to Microsoft vs Linux
in the long run (10 years) either bitcoin or bitcoinlike replacement is going to trash Paypal in same manner that Linux, android etc is trashing Microsoft now, yes Microsoft still make billions but bitcoin is growing rapidly, many people wrote off Linux years ago too for very similar sounding reasons.
Yes, but your question wasn't a long run question, was it? It was a teenage-angst filled question: "Who cares about Paypal?" $44,000,000,000 in payments processed in three months - I think that is another way of saying, "Most of the people who pay for things online care about PayPal."
Bitcoin (or bitcoinlike replacement) is the future and the most interesting thing to come out (Technologywise) since email, bittorent or social networks