Paypal is no scam, but cryptocurrency is.
Cryptocurrency is best-suited for one use:
Criminal activity
Clixsense better not use any type of crypto currencies if they're smart.
it’s a colossal pump-and-dump scheme. In a pump-and-dump game, promoters “pump” up the price of a security creating a speculative frenzy, then “dump” some of their holdings at artificially high prices. And some cryptocurrencies are pure frauds.
The losers are ill-informed buyers caught up in the
spiral of greed. The result is a massive transfer of wealth from ordinary families to internet promoters. It helps to understand that a bitcoin has no value at all.
Promoters claim cryptocurrency is valuable as a means of payment, a store of value and a thing in itself. None of these claims are true.
1. Means of Payment. Bitcoins are accepted almost nowhere, and some cryptocurrencies nowhere at all. Even where accepted, a currency whose value can swing 10 percent or more in a single day is useless as a means of payment.
2. Store of Value. Extreme price volatility also makes bitcoin undesirable as a store of value. And the storehouses — the cryptocurrency trading exchanges — are far less reliable and trustworthy than ordinary banks and brokers.
3. Thing in Itself. A bitcoin has no intrinsic value. It only has value if people think other people will buy it for a higher price — the Greater Fool theory.
Cryptocurrency is best-suited for one use:
Criminal activity. Because transactions can be anonymous — law enforcement cannot easily trace who buys and sells — its use is dominated by illegal endeavors.
It wouldn't surprise me if crypto currencies where used for the child pornography racket, just to name one.
Most heavy users of bitcoin are criminals, such as Silk Road and WannaCry ransomware. Too many bitcoin exchanges have experienced spectacular heists, such as NiceHash and Coincheck, or outright fraud, such as Mt. Gox and Bitfunder. Way too many Initial Coin Offerings are scams.
It’s estimated that 90 percent of all remote hacking is now focused on bitcoin theft by commandeering other people’s computers to mine coins.
But paypal is the scam ? I don't think so.
It takes about an hour for a bitcoin transaction to be confirmed, and the bitcoin system is limited to five transactions per second. MasterCard can process 38,000 per second.
Paypal yes, crypto no thanks