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0 pointsadastra222y ago0 comments

PayPal had an exit, but it absolutely did not succeed in the financial revolution it was attempting. People forget now that OG PayPal was attempting the digital financial revolution that later would be bitcoin’s raison d'être.

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wolverine8762y ago

Dismissing PayPal as anything but an overwhelming business success takes a lot of confidence. Unless you Gates or Zuckerburg, etc., I don't know how you have anything but praise for PayPal from that perspective.

Comparing PayPal's success in digital finance to cryptocurrency's is an admission against interest, as they say in the law.

AlchemistCamp2y ago

I think getting to an IPO in any form during the wreckage of the Dotcom crash counts as an impressive success, even if their vision wasn't fully realized.

SoftTalker2y ago

Yep. PayPal was originally a lot like venmo (conceptually -- of course we didn't have phone apps then). It was a way for people to send each other money online.

Ar-Curunir2y ago

Good thing for PayPal that it now owns Venmo :P

adastra22OP2y ago

PayPal went down the embrace, extend, extinguish route. If it were possible for them to do the same with bitcoin, they would have.

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