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Bitcoin Cash Faction Prolonga Novembro Feud

O Voluntarism.dev lançou um ataque prolongado de 51% à BCHABC.

Principais tomadas de decisão

  • Uma subfação Bitcoin Cash chamada Voluntarism.dev atacou o garfo ABC da moeda esta semana.
  • O conflito está relacionado a uma característica que distribui 8% de todas as recompensas da mineração para um fundo de desenvolvimento.
  • O ataque não danificou permanentemente a BCHABC.

Os membros desonestos da comunidade Bitcoin Cash escolheram continuar uma campanha contra o Bitcoin Cash ABC, seguindo a divisão entre cada cadeia de bloqueio em meados de novembro.

Detalhes sobre o ataque ao Bitcoin Cash

O grupo responsável pelo ataque é o Voluntarism.dev, que se descreve como um coletivo de „mineiros da velha guarda e baleias“ da comunidade Bitcoin Cash.

O Voluntarism.dev se opõe à decisão da BCHABC de implementar um imposto sobre os mineiros que redistribui as recompensas em bloco para um fundo de desenvolvimento recém-criado. Embora o garfo duro de novembro tenha impedido que a própria Bitcoin Cash assumisse esse recurso, o Voluntarism.dev pretende evitar que a BCHABC também adote o recurso.

No início desta semana, o Voluntarism.dev realizou um ataque de 51% à BCHABC, ganhando o controle da maioria do hashrate da cadeia de bloqueio. O grupo usou esse poder para modificar as regras de consenso da BCHABC.

Essas regras modificadas enviam 100% das recompensas de mineração da BCHABC para o fundo de desenvolvimento da moeda (em vez de 8% como pretendido). A estratégia visa impedir que os mineiros recebam qualquer recompensa enquanto o ataque estiver em andamento, o que poderia minar totalmente a moeda. Entretanto, não está claro se o ataque teve o resultado pretendido.

O ataque está em andamento desde 24 de novembro, mas a identidade e a motivação por trás do ataque não eram claras até agora.

O Ataque é Eficaz?

Embora o ataque não tenha minado completamente a BCHABC, o Voluntarism.dev sugere que suas ações serão viáveis nos próximos anos:

Vitalik Buterin do Ethereum observou que o ataque é o primeiro „ataque de acampamento de desova“ sobre uma moeda criptográfica, referindo-se a uma tática de videogame que descreve os jogadores realizando o mesmo ataque repetidamente.

O ataque é presumivelmente acessível porque o ABC tem uma baixa taxa de haxixe e muito pouco valor de mercado. Bitcoin Cash é a quinta maior moeda, com um limite de mercado de US$ 5 bilhões e uma taxa de haxixe de 1,6 EH/s. Já o BCHABC é a 210ª maior moeda, com um limite de mercado de US$ 322 milhões e uma taxa de haxixe de 0,4 EH/s.

Dada a enorme vantagem do Bitcoin Cash, ainda não está claro se o BCHABC será capaz de resistir a novos ataques – mesmo que esses ataques sejam realizados por uma pequena facção da comunidade.

BITCOIN TAPPER NÆST 22.000 dollars, SOM VÆGGATBRÆNDT RALLY FORTSÆTTER

  • Bitcoin fortsætter med at skubbe højere og skubbe til næsten $ 22.000 for en håndfuld minutter siden.
  • Den førende kryptokurrency handler i øjeblikket for $ 21.700 efter en let korrektion.
  • Analytikere mener, at dette rally drives af institutionelle spillere.

BITCOIN SKYNDER TIL 22.000 dollars

Bitcoin fortsætter med at skubbe højere på trods af frygt for, at der var nogle hvaler i Asien, der ville sælge til styrken. BTC skubbede bare til $ 12.850 på førende spotbørs og flyttede endnu højere på nogle futuresplatforme.

Kryptovalutaen handler nu på højeste tidstider og overgår sine 2017-højder på $ 20.000. Analytikere mener, at dette rally i vid udstrækning drives af institutionelle aktører, hvilket fremgår af det store bud på Bitcoin ordrebøger.

Bare i sidste uge bekræftede MicroStrategy, at det ville købe 650 millioner dollars i BTC, efter at det havde afsluttet et salg på 650 millioner dollars i gæld. Tidligere i dag sagde Guggenheims globale CIO, Scott Minerd, at hans firma ser langsigtet værdi i den førende kryptovaluta.

Mens Bitcoin eksploderer højere, udtrykker nogle i rummet forsigtighed, fordi investorer ikke bør blive for fanget af prisaktionen.

Brian Armstrong fra førende Bitcoin og krypto-aktiv-udveksling Coinbase skrev for nylig i en virksomhedsblog:

”Vi mener, at krypto er en virkelig innovation, der ændrer spil, og på Coinbase ser vi et langsigtet syn på markedet. Selvom det er dejligt at se markedsmøder og se nyhedsorganisationer rette opmærksomhed mod denne nye aktivklasse på en ny måde, kan vi ikke understrege nok, hvor vigtigt det er at forstå, at investering i krypto ikke er uden risiko. For det første kan krypto være en ustabil aktivklasse – ofte mere end de typer traditionelle finansielle instrumenter, som de fleste investorer er vant til. ”

Et stigende antal fremtrædende analytikere begynder dog at se Bitcoin som en langsigtet beholdning beregnet til alle investorer.

Bitwise Crypto Index Fund zapewnia nową drogę do inwestowania w Bitcoin

„Fundusz“, który śledzi 10 największych krypto walut, pozwoli inwestorom na umieszczenie ich gotówki w krypcie.

Firma Bitwise, zajmująca się zarządzaniem indeksami kryptograficznymi, ogłosiła dziś, że jej 10 Crypto Index Fund jest pierwszym publicznym funduszem indeksów kryptograficznych w USA.
Fundusz śledzi 10 największych walut kryptograficznych.

Bitwise nadal nie ma szczęścia, aby uzyskać zatwierdzenie ETF Bitcoin w USA.
Firma Bitwise Asset Management, zajmująca się zarządzaniem aktywami kryptograficznymi, ogłosiła dziś, że akcje jej 10. funduszu indeksów kryptograficznych są na żywo.

Znany jako The Fund, indeks kryptograficzny śledzi 10 największych walut kryptograficznych i pozwala inwestorom – zarówno detalicznym, jak i akredytowanym – kupować akcje, które ich reprezentują. Jest on uznawany za pierwszy publicznie notowany fundusz indeksów kryptograficznych w USA; jego symbolem na pozagiełdowym rynku akcji OTCQX jest „BITW“.

Fundusz zadebiutował dziś kwotą 120 milionów dolarów w aktywach pod zarządzaniem. Większość aktywów to Bitcoin – około 75% z 13% w eterze, a pozostałe 12% podzielone jest pomiędzy XRP, Litecoin, Chainlink, Tezos, Bitcoin Cash, Stellar i EOS, według Bitwise.

Matt Hougan, dyrektor inwestycyjny Bitwise’a, powiedział, że kryptokur waluta jest „najlepszą klasą aktywów na świecie w tym roku“.

I ma rację: Bitcoin w porównaniu z wieloma inwestycjami – złotem, nieruchomościami i akcjami – osiąga wyższą stopę zwrotu w ciągu czterech lat, jak wynika z badań firmy analitycznej Messari.

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Hougan dodał: „Rozpoczęcie publicznego obrotu akcjami BITW znacznie ułatwi zadanie doradcom finansowym, biurom rodzinnym, osobom prywatnym i funduszom instytucjonalnym. Wierzymy, że Fundusz oferuje solidne, kompleksowe rozwiązanie“.

Funduszem zarządza komitet, a jego pracami kieruje rada doradcza składająca się z ekspertów. Idea jest taka, że inwestorzy mogą inwestować swoje pieniądze w krypto, bez konieczności zajmowania się zakupem i przechowywaniem cyfrowych aktywów.

Pomimo uruchomienia pierwszego funduszu indeksów kryptograficznych dla inwestorów amerykańskich, Bitwise wielokrotnie miał trudności z uzyskaniem zgody na utworzenie Bitcoin ETF, który został odrzucony przez SEC.

Crypto Asset Manager Bitwise trafia w 100 milionów dolarów.
Firma Bitwise Asset Management, zajmująca się zarządzaniem aktywami kryptograficznymi, ogłosiła dziś, że zarządza aktywami o wartości 100 milionów dolarów. Bitwise, który zarządza krypto walut dla profesjonalnych inwestorów, powiedział, że …

Bitcoin ETF śledzi lub podąża za ceną Bitcoin, więc ludzie, którzy chcą spekulować na cenie BTC, mogą to zrobić bez rzeczywistej konieczności posiadania aktywów sami. Fundusze ETF różnią się od funduszy indeksowych, ponieważ mogą być przedmiotem ciągłego handlu przez cały dzień, jak akcje – podczas gdy fundusze indeksowe mogą być kupowane i sprzedawane tylko za cenę ustaloną codziennie.

Over 200,000 Bitcoin released from long-term storage since November

Almost $ 4 billion worth of bitcoin moved from long-term storage to the chain in November 2020.

Almost 200,000 BTCs stored between 2013 and 2015 are active again

However, the data shows that the proportion of Bitcoin’s HODlers is actually on the rise.

About $ 4 billion worth of bitcoin that had been inactive for five to seven years was taken out of long-term storage following the massive price hike in November.

Unchained Capital revealed the news via a data visualization on December 3. Unchained’s “ HODL Waves ” metric measures Bitcoin’s activity by storage time. The total share of bitcoin supply blocked in storage between five and seven years fell from 5.48% to 4.67% between November 1 and November 30.

Almost 1% of the total #bitcoin supply left long-term storage (> 1 year at the same address) during the price hike from $ 13,700 to $ 19,670 in November.

61.43% of bitcoin’s supply has not budged for> 1 year. #HODLwaves, h / t @glassnode

Some long-term investors profit from it

Investors who locked their cryptocurrencies in 2013 did so at an average price point of between $ 134 and $ 1,151. In 2014 and 2015, the average price was between $ 500 and $ 750.

With Bitcoin closing at $ 18,702 on November 30, long-term investors would have gained between 1,524% and 13,856%.

Bitcoin addresses and ether price reach annual high

The ongoing Bitcoin rally is pulling the entire crypto market upwards. Meanwhile, the ether supply is drawn to the DeFi sector. The market update.

After yesterday’s dive, the Bitcoin course is doing its best again just in time for the weekend and climbs confidently above the 18,000 US dollar mark in the early hours of the morning

Not much is missing until the all-time high. In view of the rapid growth in the share price, reaching the target mark seems to be just a matter of form. On a daily basis, the Bitcoin Revolution has increased by 2.8 percent and is thus trading at 18,241 US dollars at the time of going to press.

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On the way to becoming a new top brand, Bitcoin has already set a new all-time high with a market capitalization of currently over 335 billion US dollars . In terms of market dominance, the largest crypto currency is flexing its muscles again compared to the altcoins. At just under 67 percent, the BTC dominance is not far below the previous year’s high of 69 percent in May.

If the rally continues, this level should also fall soon

The rekindled Bitcoin hype is reflected in high on-chain trading activity. According to Coinmetrics, the number of active addresses on November 18 was over 1.19 million addresses – the highest recorded value since January 2018.

But not only Bitcoin is in high spirits. Almost the entire crypto market is currently benefiting from the BTC surge. With the exception of Bitcoin Cash (BCH), all top coins turn positive on a weekly basis.

In the Bitcoin slipstream, Ether (ETH) in particular is growing rapidly. On Wednesday, the second largest cryptocurrency set a new annual high of $ 492 and, with a 24-hour plus of 3.2 percent, indicates the next attack on the brand. At the time of going to press, the price of Ether was trading at $ 485, up 5.6 percent over the week.

Bitcoin commence à caler après l’ascension parabolique

Bitcoin a suivi une ligne de support ascendante parabolique.

Les indicateurs techniques ont commencé à montrer des faiblesses.

Le prix s’échange peut-être à l’intérieur d’un triangle symétrique

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Le Trust Project est un consortium international d’organisations de presse établissant des normes de transparence.

Après une augmentation parabolique, le prix BTC a calé et a créé un chandelier Spinning Top le 18 novembre.

Le prix a commencé à montrer des signes de faiblesse, mais une panne n’est pas encore confirmée.

Bitcoin suit le support parabolique

Le prix du Bitcoin suit une ligne de support ascendante parabolique depuis début septembre. Au moment de la mise sous presse, BTC se négociait juste au-dessus de cette ligne de support.

Le 18 novembre, BTC a suivi son précédent chandelier haussier avec une toupie, signe d’indécision, surtout après une telle tendance à la hausse.

Le prix est également en train de compléter un motif d’étoile du soir (surligné). Le modèle serait complet avec une clôture en dessous de 16 700 $, le cours d’ouverture le 17 novembre (ligne rouge).

Une telle diminution entraînerait également une panne de la ligne de support parabolique.

Les indicateurs techniques dans le calendrier quotidien ont commencé à montrer des faiblesses. Le RSI a généré une divergence baissière et l’oscillateur stochastique a commencé à se retourner, se préparant peut-être à faire un croisement baissier.

Bien que le MACD soit trop étendu, il n’a pas encore commencé à diminuer.

La compagnie minière Bitcoin, Layer1, les fondateurs vont au tribunal Plus de 20 millions de dollars de propriété de la centrale électrique

Selon les rapports, Jakov Dolic, qui a co-fondé la société minière Layer1 Technologies, a poursuivi son ancien partenaire commercial Alexander Liegl pour ne pas avoir réussi à lever des fonds pour Layer1.

Un document judiciaire a été déposé contre Liegl le 30 octobre, affirmant qu’il n’a pas respecté leur accord légal de lever 50 millions de dollars auprès d’investisseurs pour la start-up. En conséquence, Dolic veut que Liegl paie 16,24 millions de dollars pour acheter Bitcoin Fortune centrale électrique pour la compagnie minière crypto.

Selon la plainte, la seule source de capital pour le projet Layer1 a été faite par Dolic, et que Liegl n’a contribué d’aucune façon au financement de Layer1.

„En dehors des contributions de Dolic, Layer1 n’avait aucune source de revenus ou de capital“, peut-on lire dans la plainte.

La plainte allègue également que Liegl n’a pas levé de fonds auprès d’investisseurs en capital-risque ni contribué au développement de la société Layer1 à partir de ses biens personnels.

Dolic a déjà été impliqué dans une affaire similaire dans le passé.

L’affaire contre Liegl n’est pas la première dans laquelle Dolic a été impliqué dans l’industrie de la cryptographie. En septembre dernier, Genesis Mining, co-fondée par Dolic, a été poursuivie par la société de paiement Digital Capital, basée à Londres.

Dans cette affaire, Genesis Mining a été accusée de ne pas payer le plaignant pour le développement et la maintenance de son logiciel de carte de crédit, les factures impayées de la société s’élevant à 3,1 millions de dollars.

Cependant, Genesis Mining a contré les affirmations de Digital Capital, en indiquant que la société ne fournissait que des fonctionnalités périphériques pour la carte, ce qui n’est pas ce qui avait été légalement convenu.

Layer1 a annoncé en octobre de l’année dernière qu’elle avait levé environ 50 millions de dollars avec le soutien important des entreprises Peter Thiel et Shasta. Mais un rapport ultérieur a révélé que les fonds effectivement levés s’élevaient à 23 millions de dollars à l’époque, et qu’ils n’avaient été levés que par son équipe de financement.

Dans le procès, Dolic a affirmé que même si Liegl n’a pas contribué au financement, il n’utilise pas les fonds de manière appropriée. Dolic dit également qu’il a récemment appris que Liegl se payait des honoraires de consultation sans son autorisation ou à son insu.
Récupérer les droits de propriété

En plus des 16,24 millions de dollars dépensés, Dolic a déclaré qu’il a également dépensé 3,5 millions de dollars supplémentaires pour agrandir son installation électrique. Selon Dolic, les deux parties ont convenu que Leigl lui rembourserait l’argent qu’il avait dépensé pour l’expansion de la centrale électrique.

Sur la base de cette allégation, alors que Liegl a pris la propriété légale de la société, Dolic n’a rien reçu pour son investissement.

En outre, Dolic affirme que la société qu’ils ont tous deux financée est confrontée à de graves problèmes financiers et que son financement personnel ne suffit pas à maintenir la société à flot.

Le procès a établi que bien que Layer1 soit techniquement propriétaire du titre, Dolic veut faire valoir ses droits sur les propriétés qu’il a achetées au vendeur, puisque son co-fondateur n’a pas de contribution financière sur les propriétés.

Cependant, Liegl a répondu que la plupart des allégations portées contre lui dans le procès sont catégoriquement et manifestement fausses. Il a dit pour avoir fait de fausses allégations sans aucune base raisonnable ; la société répondra rapidement et prendra des mesures légales contre Dolic.

L’indicatore chiave mostra che è probabile che Bitcoin si consolidi nonostante la rottura di $14k

Bitcoin ha subito l’ennesimo rally nelle ultime 24 ore, passando dai minimi di ieri vicino ai 13.300 dollari ai massimi di 14.250 dollari.

La moneta attualmente viene scambiata per 14.100 dollari. Un indicatore tecnico chiave, tuttavia, indica che la criptovaluta può consolidarsi man mano che l’azione del prezzo si raffredda.

Bitcoin Primed to Consolidate, Or Even Drop: l’analisi chiave mostra

Il grafico sottostante è stato condiviso da un analista in mezzo all’ultima gamba di Bitcoin più in alto. Mostra l’azione di prezzo di BTC ha recentemente stampato una candela „Extended 13“, che è stata vista per l’ultima volta prima del consolidamento in maggio, giugno e luglio. Questa candela è stata vista anche ai minimi di dicembre 2019 e ai massimi di giugno 2019, suggerendo che è probabile un’inversione di tendenza.

Grafico dell’azione dei prezzi di BTC dalla fine del 2017 (CME) con analisi da parte del trader crittografo Threshold (@Threshandle su Twitter).

Anche altri commercianti chiedono che Bitcoin Trader si consolidi da qui. Un trader ha detto che con la cripto-valuta che non riesce a tenere al di sopra della zona di fornitura settimanale di 14.000 dollari, probabilmente si ricaricherà con un calo verso i 13.000 dollari, quindi potenzialmente leggermente inferiore se il mercato non riesce a prendere un’offerta. Egli ha elaborato, facendo riferimento al grafico riportato di seguito:

„$BTC sembra che debba essere ricaricato. SFP giornaliero in rifornimento settimanale, pausa fallita sopra il 2019 alto, orso divs lampeggiante sulla fascia oraria giornaliera… Portate il tuffo elettorale“.

Grafico dell’azione dei prezzi di BTC dall’inizio di settembre con un’analisi del trader crittografo HornHairs (@Cryptohornhairs su Twitter).

Un altro commentatore ha detto che con una potenziale incertezza riguardo alle elezioni, Bitcoin potrebbe in realtà essere a corto di tempo da qui. Ha anche sottolineato che con BTC che non riesce a tenere 14.000 dollari su base giornaliera o settimanale, un calo potrebbe seguire l’esempio.

„Corto di nuovo su $BTC, qualcosa di questo fine settimana pompa sembra sospetto. 3 drive-circa in resistenza maggiore, le azioni cacare il letto la scorsa settimana, elezioni all’inizio della prossima settimana, solido RR e $DXY sul supporto. Ancora rialzista nel complesso, i ritiri non sono una brutta cosa. Vediamo cosa succede“.

La certezza delle elezioni per guidare l’azione rialzista

Gli analisti pensano che il mercato azionario e gli altri mercati potrebbero esplodere una volta che un presidente eletto è stato deciso in modo decisivo, senza alcuna contestazione da parte dell’altro candidato. Light, un importante analista Bitcoin, ha condiviso il grafico e la nota vista qui sotto il giorno delle elezioni, scrivendo: „Dopo le elezioni empiricamente ha visto flussi di rischio“.

Come mostra il grafico, la quantità di capitale che è entrata nel mercato azionario dopo le precedenti elezioni è stata grande. Se ciò dovesse accadere di nuovo, il prezzo del Bitcoin e di altre crittocorse di punta potrebbe esplodere, dato che il mercato beneficia dei compratori.

MicroStrategy Deadline Gets Longer with Bitcoin Moves: Bad Kryptonews of the Week

Listen to this week’s Bad Crypto podcast

It’s another strong week for Bitcoin. The dollar price rose 2.5% over the course of the week, although that’s still something of a decline from its recent high of over USD 13,400. At one point, Bitcoin fell 4% in 24 hours. At one point Bitcoin fell by 4% in 24 hours. But the upside remains optimistic and sees the price moving towards USD 20,000, possibly as early as March. That future price movement will depend on a number of factors, including whether banks follow in Paypal’s footsteps and accept cryptomonies; the size of the stimulus expected to counter the new coronavirus outbreak; and the pattern of the hash rate, among other factors. One point of volatility could come at the end of the month: this is when the BTC options market reaches a USD 750 million maturity. Meanwhile, large amounts of Bitcoin are being moved. A whale recently transferred $1 billion worth of Bitcoin. It cost him USD 3.58.

Despite that instability, Anthony Pompliano, the co-founder of Morgan Creek Digital, believes that Bitcoin has broken its correlation with the stock market and is now a safe haven for investors. Mike Novogratz agrees. He sees Bitcoin as a kind of digital gold: a good way to store value but not something that will work as a currency for the next five years. That opportunity, however, may only be available to Bitcoin. Altcoins are not doing so well; Ethereum, for example, seems relatively weak despite Bitcoin’s growing strength.

Some companies are doing well with that strength. The business intelligence firm MicroStrategy has made over $100 million in profits from its investment in Bitcoin. That’s more than it has done in business analysis. Visa may have difficulty tracking them. The U.S. Department of Justice is investigating the acquisition of Plaid, a financial technology company.

The government has also been investigating social networks. A Senate Commerce Committee hearing gave the CEOs of Google, Facebook and Twitter a partisan reprimand. One solution to the opacity of corporate content moderation, however, could be open source algorithms.

Senators have not been the only ones involved in partisan piracy. A group of hackers took over President Trump’s campaign website. The hackers said they had evidence showing the „criminal involvement of the president and his cooperation with foreign actors“ (sic)… and asked for funds.

In Japan, a group of companies has joined together to create a blockchain-based business data management system. In Siberia, a new Bitcoin mine will create 100 jobs. Singapore’s largest bank, DBS, is launching an exchange to swap trust money for crypto-currencies. And in China, charities are using blockchain to give donors confidence as they raise money for people in Wuhan, the epicentre of the coronavirus outbreak. However, in the United States, while Nasdaq CEO Adena Friedman has said that machine learning and cloud technology will drive developments in the capital markets, the adoption of Blockchain technology is „complicated“ and „will take longer“.

At least the art world is moving forward. From Blockchain-inspired art to the art of crypto-currencies and digital markets, artists and auction houses have found new opportunities in Blockchain technology. Another reason for optimism.

Listen to the audio here.

About PayPal’s entry into the Bitcoin world. How will things be?

How will the world be now that PayPal has entered the crypto ecosystem?

The rumors were true. PayPal will finally agree to buy, sell and pay with Bitcoin and other crypt currencies. The service will initially be available to users in the United States. According to the announcement last Wednesday, October 21, this new element will be in the well-known payment platform in the „next few weeks“. Apparently, this inclusion arises from the alliance between Paypal and Paxos.

The news, of course, has fallen very well on both sides. Bitcoin’s market capitalization has increased and Paypal’s market capitalization has increased as well. In fact, the two assets are close in the same range. On the list of most valuable companies, Apple is number one, followed by giants like Microsoft and Amazon. Bitcoin would rank one place below PayPal, which ranks 21st with a capitalization of approximately a quarter of a billion dollars.

Will PayPal’s inclusion in the world of crypto-currency become a tax nightmare?

This is all a matter of confidence. Beyond the details, this news has raised our spirits. Suddenly, we’re all a little more optimistic about Bitcoin’s future today. And that’s obviously reflected in the general feeling. Which naturally translates into more buyers and fewer sellers. PayPal has always presented itself as a villain for the crypto community. So this change of heart has great symbolic power. The story undoubtedly has its dramatic effect. More than a service, the inclusion of Bitcoin in Paypal is a triumph of legitimacy for Bitcoin. The next frontier would be its acceptance on Amazon or some kind of similar measure by a Big Tech.

Many consider the adoption of Bitcoin in retail to be of utmost importance. That is, Bitcoin as a payment platform. Or, to put it another way, a libertarian PayPal. I must confess that this notion has never caught my attention. To buy a coffee we have many options. I’ve never understood this obsession of many bitcoiners with coffee. Personally, I don’t mind doing my daily expenses with fiat. Can I buy a coffee with gold? Can I buy a coffee with Apple, Amazon or Microsoft shares? Maybe. But it’s not very comfortable or convenient. However, the lack of „commercial adoption“ of these assets does not harm their viability as an investment.

I must admit that I have an obligation to my PayPal account. I use it only when I have no other option. Sometimes some purchases can only be made with PayPal. So, sometimes there’s no choice. If you want to buy something from a supplier that only accepts PayPal, you must have PayPal. I use PayPal sometimes, but reluctantly. To buy a coffee I usually prefer cash. To buy something from Amazon, for example, I find the debit card option very convenient. For me, beyond being an excellent investment, Bitcoin is particularly useful as a bridge in currency exchange. In short, every problem has its ideal solution. I don’t believe in universal solutions.

In other words, it doesn’t give me any insight into the commercial adoption of Bitcoin. However, as a tool, Bitcoin is a great adventure. It’s fun and enjoyable. PayPal, on the other hand, is a nightmare. It’s a third-world bureaucracy on the Internet. I’ve always said that having a PayPal account is like living inside a Kafka novel. Someone must have slandered Josef K. because without having done anything wrong, one morning his funds were blocked and he paid commissions until he couldn’t. The place is very nice and friendly, but the red flags, the blockades and the commissions are too much for my taste.

Wall Street pushed PayPal to record highs after news that Bitcoin and other crypto currencies will arrive on the platform in 2021

Of course, beyond my personal preferences, we must recognize that PayPal is PayPal. It is a giant with more than 305 million users (with an average balance of $70 and 40.5 million transactions per year). Worldwide, more than 22 million businesses accept PayPal. They handle over 100 currencies and are in over 200 markets.

In other words, PayPal is a very important network. I don’t like it very much. But it’s obvious that many of its users think that the service is wonderful. On several occasions, I’ve had to swallow my pride and use the service. That’s the power of having a well-established network.

Now, finally, PayPal is officially in the crypto world, following in the footsteps of its competitor Square. Square has had a very good experience with crypto and surely its success inspired PayPal. Square (Cash app), Robinhood, Revolut, eToro and Raiz are already working with crypto. What it involves