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Topic: Torrent freak news -Paypal Bans Usenet Providers Over Piracy Concerns (Read 3237 times)

sr. member
Activity: 336
Merit: 250
And nothing of value was lost. Usenet is so bad, for realz!

Depends on your provider and your intentions.
legendary
Activity: 1316
Merit: 1011
And nothing of value was lost. Usenet is so bad, for realz!
sr. member
Activity: 336
Merit: 250
I just bought another month with my provider before they get taken down.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
The problem with these kind of usenet services is that they are advertised as such.
They usually specifically mention the purpose of downloading media for their services and most of the time they do not even support regular usage. (You cannot download article headers and have to rely on secondary services to improve performance with poor hardware). This is done to cater newbies which do not know what usenet actually is, added to that they are usually overpriced since you can get a real service at the same price elsewhere.

I'm not saying that paypal took the right course of action since they wouldn't be liable for any lawsuits but those were a ticking timebomb considering the filehoster crackdown from last year.
sr. member
Activity: 336
Merit: 250
I really can't imagine a a worse way to run a business.
legendary
Activity: 2618
Merit: 1007
If a merchant ends up with only Bitcoins suddenly these are even less useful than having [insert obscure currency from a country far far away] because there's no real way to just exchange them, to even find out the current prices etc.

Yes, BitPay and the like are business models that can be copied and compete with each other (unlike PayPal, as they rely on their user base, not their technology) but at the moment BitPay is the only solution I saw where you can sign up, get a button and get EUR/USD to a bank account. Maybe MtGox merchant tools finally got around to providing something similar, but I doubt it (also they are a pain in the rear with all their holdups on getting fiat out).
staff
Activity: 4270
Merit: 1209
I support freedom of choice
Are there any alternatives to bitpay yet?
There is also https://walletbit.com, it's cheaper than bitpay.
legendary
Activity: 1232
Merit: 1001
Are there any alternatives to bitpay yet?

If mtgox got most buyers/traders, and bitpay most merchants, for my taste Bitcoin would depend a bit too much on those 2 companys.

I think they are trying to make something similar for Europe: http://www.paymium.com/

Haven't seen any presence of them on the forum though.
newbie
Activity: 28
Merit: 0
Are there any alternatives to bitpay yet?

If mtgox got most buyers/traders, and bitpay most merchants, for my taste Bitcoin would depend a bit too much on those 2 companys.
legendary
Activity: 1386
Merit: 1004
https://bitpay.com/terms - BitPay probably would at the first sign of any trouble also back out of anything like that.

Only having Bitcoins is very often probably not enough for merchants (see Wordpress!) or resellers, they would likely prefer services where they get USD, no matter what the payment is in (ideally you can pay in any real or virtual currency, up to WoW gold and all the merchant gets is a daily transaction with all the money converted to USD that came in).

The difference is that it is not required to use BitPay to use bitcoin.  I prefer using BitPay as they simply my online store, but if BitPay was (forced) to stop accepting certain merchants the merchants could continue using bitcoin manually or through their own server.  That is a huge difference VS Visa/MC.
legendary
Activity: 2618
Merit: 1007
https://bitpay.com/terms - BitPay probably would at the first sign of any trouble also back out of anything like that.

Only having Bitcoins is very often probably not enough for merchants (see Wordpress!) or resellers, they would likely prefer services where they get USD, no matter what the payment is in (ideally you can pay in any real or virtual currency, up to WoW gold and all the merchant gets is a daily transaction with all the money converted to USD that came in).
newbie
Activity: 56
Merit: 0
I know some local herb dealers that accept bitcoin, they are not licensed though.
newbie
Activity: 56
Merit: 0
Paypal is the biggest headache I ever dealt with. I do not accept paypal any more.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Bitcoin required to legally buy marijuana for medical reasons, that's epic  Cheesy "bitcoin is used to buy drugs" they say, and yes, that's true, it's LEGAL and it's for medical reasons  Cheesy
hero member
Activity: 540
Merit: 500
COINDER
Yep ..Paypal is digging there grave and BTC is just in time to be a great alternative to switch to.. Shocked

Just time will tell if it will get adopted by more free thinking peoples... Wink Wink Wink

Spread the word.... Tongue
legendary
Activity: 1400
Merit: 1005
legendary
Activity: 2282
Merit: 1050
Monero Core Team
And in other news...

 Your credit card is no longer any good at California medical marijuana dispensaries, whose accounts with credit card processors have been canceled, thanks to pressure from the federal government.

Take some money from an ATM and you're good to go. Smiley

spiccioli

This works for in person transactions with a bricks and mortar business but not online where the only practical alternative today is Bitcoin. It is the one reason the real opportunity for Bitcoin lies with online businesses as opposed to bricks and mortar businesses.
legendary
Activity: 1379
Merit: 1003
nec sine labore
And in other news...

 Your credit card is no longer any good at California medical marijuana dispensaries, whose accounts with credit card processors have been canceled, thanks to pressure from the federal government.

Take some money from an ATM and you're good to go. Smiley

spiccioli
legendary
Activity: 883
Merit: 1005
Banks in the US blocked wire transfers from the US to Somalia in 2011 during one of the worst droughts ever seen. The UN said it was the "worst Humanitarian Crisis"
This was one year ago but Somalia is still in really bad shape.

Full Story http://www.huffingtonpost.com/2011/07/10/somalia-drought-worst-humanitarian-crisis-_n_894072.html

And in other news...

 Your credit card is no longer any good at California medical marijuana dispensaries, whose accounts with credit card processors have been canceled, thanks to pressure from the federal government.
legendary
Activity: 1232
Merit: 1001
Paypal got already bashed by the European parliament for this methods. They are shovelling their own grave:

http://news.techeye.net/internet/european-parliament-gets-behind-the-pirate-party
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