Topic: This is why centralised services are "bad"™... - page 2. (Read 240 times)
There were centralized services. And they're bad. Financial censorship is a very real issue. Such is the reason why Bitcoin is so important. And then what followed were centralized exchanges, custodial wallets, KYC, and so on forth. It makes me wonder whether we really wanted to do away with those centralized services in the first place. Or are we still at the mercy of central authorities? Or perhaps most of us are still indifferent to it for as long as it is not affecting us? You are censored, I'm not, no problem at all.
Paypal is always going to Paypal. Good UI, poor execution and ethics.
...And another reason why Bitcoin and cryptocurrency is so important.
Larry Brandt, a guy who spends a lot of time and money running Tor nodes, has had his Paypal account shut down without opportunity for appeal and they won't even give a specific answer as to why this has happened!
"Financial Censorship" is a very real issue. Refer: https://www.eff.org/deeplinks/2021/06/paypal-shuts-down-long-time-tor-supporter-no-recourse
Sound familiar? It sounds like a lot of the posts in the "scam accusation" thread regarding various centralised service providers (gambling sites and exchanges etc). At least Larry has the chance of getting his funds back after 180 days
Remember, "not your keys, not your coins".
Larry Brandt, a guy who spends a lot of time and money running Tor nodes, has had his Paypal account shut down without opportunity for appeal and they won't even give a specific answer as to why this has happened!
"Financial Censorship" is a very real issue. Refer: https://www.eff.org/deeplinks/2021/06/paypal-shuts-down-long-time-tor-supporter-no-recourse
Sound familiar? It sounds like a lot of the posts in the "scam accusation" thread regarding various centralised service providers (gambling sites and exchanges etc). At least Larry has the chance of getting his funds back after 180 days
Remember, "not your keys, not your coins".
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