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Message: <blockquote data-quote="Brackson" data-source="post: 232041" data-attributes="member: 34747">In a sense, it is. However, bitcoins (as a currency) are not backed by any government or central authority. Paypal is based upon things like dollars, pounds, etc., which are obviously regulated and controlled by some means of the above.Then there are other things that makes it stand out, such as with Bitcoin there is no age-limit, it's anonymous (if you want it to be), and you do not need to submit any personal details to receive or transfer your funds, and you wont be limited for not doing so.</blockquote>