Quote:
Originally Posted by Rathji
The main reason is I mined them with equipment I already had or purchased with bitcoins I mined. The electric cost of doing do is far less than the current value of the coins, even at half their peak value. I guess that's not really an advantage of using them though, as I could easily convert that same value into cash and then pay through Paypal.
The other advantage is if I was using Paypal, I would be paying exchange on top of the price, which is becoming more and more relevant these past couple months.
If you were buying BTC, and then spending them, rather than using Paypal, you would have more (but not complete) anonymity, if that was a concern to you. It isn't to me though.
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There is a big difference between being possibly a better (or possibly worse) alternative to Paypal, and to being something that will be a commonly accepted currency. I don't know about others, but the only need I've ever had for paypal is the odd time I buy and sell things on ebay.