Why we use Bitcoin: Paypal bans Hacker News account, holds funds, no reason given

29 Dec, 2018
by David Borman
News
Why we use Bitcoin: Paypal bans Hacker News account, holds funds, no reason given

The Hacker News took to twitter today to air their greivance that Paypal just recently banned their account and is holding their funds for 180 days, all without giving a rationale or recourse. Of course crypto twitter responded by pointing out that this is why we need cryptocurrency: No one can censor us.

Twitter was quick to come out and bring up the fact that there is already a great alternative to Paypal:

However some did point out that for certain practical reasons Bitcoin isn't entirely ready to replace Paypal, even if we want it to.

Ultimately the pro Bitcoin argument was louder, but that would be expected on crypto twitter. Any way you slice it, many users of Bitcoin and other digital assets find them attractive for just this reason: They offer freedom from being shutdown or silenced.

If anything new develops on this situation be sure to check ouyt Chepicap for all updates!

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Read more about: Bitcoin (BTC)

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