[sethist]

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.

[astrodust]

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.

[wmf]

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

[astrodust]

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.

[dmix]

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

[astrodust]

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?

[dmix]

The creator of Truecrypt is anonymous.

But third parties can still verify is security.