Topic: Censorship resistance is underrated, move to bitcoin and #DeletePaypal - page 4. (Read 952 times)

Exactly, you are in their house you have to play by their rules. Credit cards and their processors have always been able to and frequently did block things they wanted to or were forced to block. Before there was 'the internet' when we had to dial into BBSs and use compuserve and such they would kick you in a second if you started something the operators did not like. Nobody is forcing you to do anything or even use their services, but because they are cheap & easy & simple people do.

Just as soon as people notice they have no rights of service the better they will be. And that is the point of BTC there is no way for anyone to stop you from using it.

-Dave

What about the small businesses like micro earning sites, survey workers, or freelance workers then? Are they going to boycott them as well if they found that there website is publishing some bad advertisements or may be there was a survey which was connected with the company which PayPal does not like? That's funny because it is too restrictive and is not worth it because PayPal will surely loose big user data base after this. PayPal is already on the negative list of users because there had been lot of chargebacks for the subscriptions of simple play store apps and iOS apps. All you need is one complaint and they will just chargeback without further confirmation. It's really sad to see more stringent rules being enacted by them.

The hypocrisy to these payment system is just too much but they can stomach all these when they see you not on their side. When the Missile mail was launched which allows people to send money to Ukrainian army to write personal message to the bombs to shoot to Russians, the funding page wasn't taken down. They were happy to published on news pages.

Paypal, Gofundme and all others supports to fund wars but funding the truckers protest to express their dismay. The funds were seized.

According the Traders university https://www.youtube.com/watch?v=Je748RNEnWc

If your paypal account happens to be empty while you are caught spreading misinformation, paypal has the right to get the funds from your linked bank account.  Damn!

So, anything that some unnamed and unknown person at PayPal deems is harmful, misinformation, or just generally unfit for publication, and you are fined and censored. How many people in the traditional banking world still think that promoting bitcoin is spreading misinformation? And you can't say anything that might hurt someone's feelings? Lol. Glad I've never had a PayPal account. What a scam.

Note, of course, that PayPal won't be implementing these kinds of draconian rules for fun. (I know they have reversed course for now due to the backlash, but these rules will absolutely return either when no one is paying attention, or in small increments over time so people don't notice.) It is governments and regulators which are forcing PayPal to implement these kinds of rules. And if they are forcing fiat institutions to do it, you can rest assured they will soon be forcing crypto institutions to do it too.

Bitcoin is censorship resistant, but centralized exchanges absolutely aren't. Bitcoin is the solution to this if and only if you hold your own bitcoin in your wallets.

Well, not only PayPal is a problem. I am hinking about how much censorship resistance will PoS coins such Ethereum will have now.

Owner of the Addresses with huge amount of coins, the validators, are well known. Authorities may just go to those people and make requests.

This cannot  be done in a protocol such as bitcoin pow. Miners are not well know, hash rate is more decentralized  (miners are not polls)

Censorship resistance is unfortunately one of those things that the huge majority of people can only appreciate once they themselves have already been censored in the past. Hence why we always get opinions from privileged people saying things like "PayPal/CashApp/ApplePay is fine, Bitcoin is unnecessary".

"May subject you to damages", "May be debited directly from your Paypal account(s)". This implies that it's absolutely possible. And if something's possible, it will happen. Where did I spread misinformation exactly?

Ok, first of all, it's the $2,500 fine that is no longer existent policy; not the rest. Second, the point of this thread isn't the $2,500 fine.

Exactly. You don't have a right in Paypal. So opt out.

You call it misinformation cause the ToS included 'may' and not a more certain been like 'would'? That seems like a reach imo.

"May" is many atimes used in describing the terms of service that users have to comply to, and agreeing to it means the user understands that the company or firm reserves the right to act on those terms outlisted.

Is it possible that if that term is still up users who are perceived to have violated it would have the set amount deducted from their balance. Yes.
If they do so, can they (PayPal) be sued or challenged for it? No, you agreed to the term.

Well, that's not exactly what it said. It said this:


You're somewhat ironically spreading misinformation about their (now no longer existent) policy though, which is kind of funny.

Don't care about this Toby Young guy, don't care about people who violate a company's policies, get removed as a customer, and then cry about their non-existent right to use said company's services. From one of the articles you linked:



Reminds me of the whole "right to social media" movement. There's no such right. There's also no right to Cloudflare, no right to Uber, no right to Door Dash, and no right to Bitcointalk.

Recently, Paypal announced that they will be charging $2,500 if you're caught to spread "false, inaccurate or misleading information" as they say[1]. It'd be planned to be effective by November 3rd, but they must have realized it does some harm to vaguely and subjectively suspend accounts and confiscate people's money, so they've reversed it according to Dailywire[2]. However, some users do have had their accounts canceled. Specifically, accounts linked to Toby Young[3].

This[4] is the updated list of prohibited activities, taken from web archive. They have removed it from paypal.com, as I said because they must have withdrawn it. This isn't much different from the this year's GoFundMe case, wherein millions of dollars from truckers were seized due to protesting. It might be a common phenomenon from now on, especially with the existence of such ambiguous and subjectively-taken legislation[5]. Let me highlight some:

Leaving savings to your Paypal account means you're fully agreed with having them confiscated if you're caught to do something that might be considered shady or inappropriate, not according to you, but according to Paypal.

Friendly suggestion: Don't. Move to bitcoin. I can't assure you that it will rise or stabilize in value over the long term, but I can tell you this: It doesn't have Terms & Conditions. You're censorship protected.

[1] https://www.dailywire.com/news/new-paypal-policy-lets-company-pull-2500-from-users-accounts-if-they-promote-misinformation
[2] https://www.dailywire.com/news/paypal-reverses-plan-to-fine-users-2500-for-misinformation-after-daily-wire-report
[3] https://www.thelondoneconomic.com/news/paypal-suspends-toby-youngs-free-speech-union-accounts-over-covid-misinformation-335762/
[4] https://web.archive.org/web/20220927223312/https://www.paypalobjects.com/marketing/ua/pdf/US/en/acceptableuse-full-110322.pdf
[5] https://www.paypal.com/us/webapps/mpp/ua/useragreement-full?locale.x=en_US#restricted-activities