[ycombinatoracc]

Paypal regularly close/freeze funds for customers, putting many many businesses out of business, causing all sorts of issues

This can not be done with your "quasi-bank niche", until it happens to you you dont realise how shitty Paypal can be, and if they block you altogether you are effectively cut off from being able to spend money online, well this was the case until bitcoin came along

Long live bitcoin

[Karunamon]

I'm not sure why I got down voted - maybe the sarcasm was not quite sarcastic enough? We agree - Paypal's service sucks, and seeing them handle something that happens to have less regulation than they have now can not possibly be a good thing in my mind.