Bitcoin Passes PayPal's Market Capitalization (The Bell Begins To Toll)

in #bitcoin7 years ago (edited)

https://cointelegraph.com/news/bitcoin-will-soon-beat-paypals-market-cap-approaches-70-bln

Of all the companies operating on this planet in our nondescript sector of the galaxy, PayPal takes the top enchilada for organizations that were it to flash out of existence in the next say 15 seconds, I would immediately throw a celebration of annihilation party.

Not that I need any convincing (or anyone here on Steemit for that matter) of the possibilities of decentralization, but PayPal represents the very pinnacle of unnecessary centralization and the percentage cut of every transaction on the internets is not only superfluous but serves no purpose other than to facilitate its own accumulation of currency. PayPal is unnecessary and the bell has begun to toll.

So lets wish PayPal a safe journey to the dustbin of history. The moorings on your ship are loosening and the ghosts are calling you. Happy Trails

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PayPal dropped the ball not offering bitcoin long ago. They could had made a lot of money in transaction fees and stayed relevant.

I am interested to see how trasferwise will react? what do you think @gs! i am following you, great content!