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Topic: Under US Pressure Paypal Nukes Mega For Encrypting Files (Read 1892 times)

legendary
Activity: 2324
Merit: 1039


U.S.A what a lovely country.....

Greatest country in the world...my ass

Kim is the main man, i hope america will get his repayment when BTC go mainstream and will swap silly funky ass dollars which are nothing more than fancy toilet paper.

legendary
Activity: 1680
Merit: 1014
PayPal has been ordered to cough up $7.7 million to the US government as a penalty for violating various US sanctions lists:
http://ria.ru/economy/20150325/1054492393.html

It's strange that they were so proactive with Mega... Huh
legendary
Activity: 2044
Merit: 1115
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Perhaps that's a valid point, but if it was as widespread a problem as people are attempting to portray, it wouldn't be a viable company. The millions of people who use the service speak more to merit than the handful of people complaining on internet in my mind.
legendary
Activity: 2912
Merit: 1386
I cannot believe how in the year 2015 can there be so many friggin' retarded sheeple on the planet that they still depend on Painpal to make payments??!! How can people depend on that criminal organization?

Painpal is just one method of payment, there are so many others and there is always Bitcoin...

Hopefully in a few years, Painpal will have become unimportant and no longer be able to blackmail businesses... Angry

If Paypal was nearly as bad as you make it out to be, there would be a huge market opportunity for anyone to replace them with a 'less evil' business offering the same services. Any business that feels wronged by Paypal obviously won't use them. But far more businesses apparently see the value they offer, which is why Paypal has grown to the size it has. Bitcoin maybe has an opportunity to reduce fees even further, but as long as the price is so volatile, no business will want to deal in bitcoins. The biggest hurdle to bitcoin supplanting something like Paypal as a payment processor is bitcoin itself.

No Paypal exists only because US banking is massively disturbed. In Germany a bank wire is free, even 20 years ago it was free, nobody would use a scam service like Painpal to pay someone, but a simple free bank transfer.  Smiley

Due to the sick and twisted paper check based dinosaur US banking, Painpal could become powerful and finally, Ebay bought them and forces their users to offer Painpal in the US.  Angry

Painpal is terrible but they are a winner-takes-it-all sort of company

Bitcoin vola is not an issue if it is hedged or converted to fiat right away.

From a CUSTOMER perspective BTC is much better because Painpal freezes accounts and steals money all the time whereas Bitcoin wallets don't.

https://www.aboutpaypal.org/

And Paypal is disrupting the massively disturbed US banking system. They've identified a market opportunity and have seized it, and people see the value in it, which is why they use it. If the market opportunity is so huge and obvious to replace Paypal, why hasn't anyone done it yet?
a lot of women only become pro-gun After they've been assaulted..,
legendary
Activity: 2044
Merit: 1115
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I cannot believe how in the year 2015 can there be so many friggin' retarded sheeple on the planet that they still depend on Painpal to make payments??!! How can people depend on that criminal organization?

Painpal is just one method of payment, there are so many others and there is always Bitcoin...

Hopefully in a few years, Painpal will have become unimportant and no longer be able to blackmail businesses... Angry

If Paypal was nearly as bad as you make it out to be, there would be a huge market opportunity for anyone to replace them with a 'less evil' business offering the same services. Any business that feels wronged by Paypal obviously won't use them. But far more businesses apparently see the value they offer, which is why Paypal has grown to the size it has. Bitcoin maybe has an opportunity to reduce fees even further, but as long as the price is so volatile, no business will want to deal in bitcoins. The biggest hurdle to bitcoin supplanting something like Paypal as a payment processor is bitcoin itself.

No Paypal exists only because US banking is massively disturbed. In Germany a bank wire is free, even 20 years ago it was free, nobody would use a scam service like Painpal to pay someone, but a simple free bank transfer.  Smiley

Due to the sick and twisted paper check based dinosaur US banking, Painpal could become powerful and finally, Ebay bought them and forces their users to offer Painpal in the US.  Angry

Painpal is terrible but they are a winner-takes-it-all sort of company

Bitcoin vola is not an issue if it is hedged or converted to fiat right away.

From a CUSTOMER perspective BTC is much better because Painpal freezes accounts and steals money all the time whereas Bitcoin wallets don't.

https://www.aboutpaypal.org/

And Paypal is disrupting the massively disturbed US banking system. They've identified a market opportunity and have seized it, and people see the value in it, which is why they use it. If the market opportunity is so huge and obvious to replace Paypal, why hasn't anyone done it yet?
hero member
Activity: 798
Merit: 1000
LIR Dev. www.letitride.io
Sad to see how quickly payment providers will bend over to US 'interests' (ie. being able to spy on all your data and communications).

Kind of reminds me of the payment blockade against Wikileaks, it was futile in the end as we can still donate bitcoin to this very day.
sr. member
Activity: 303
Merit: 250

From a CUSTOMER perspective BTC is much better because Painpal freezes accounts and steals money all the time whereas Bitcoin wallets don't.

That would be the perspective from a merchant's point of view. From a customer's point of view, there is always an option of chargeback if the goods are not up to the mark. Not advocating paypal over bitcoin, though.
legendary
Activity: 1372
Merit: 1014
I cannot believe how in the year 2015 can there be so many friggin' retarded sheeple on the planet that they still depend on Painpal to make payments??!! How can people depend on that criminal organization?

Painpal is just one method of payment, there are so many others and there is always Bitcoin...

Hopefully in a few years, Painpal will have become unimportant and no longer be able to blackmail businesses... Angry

If Paypal was nearly as bad as you make it out to be, there would be a huge market opportunity for anyone to replace them with a 'less evil' business offering the same services. Any business that feels wronged by Paypal obviously won't use them. But far more businesses apparently see the value they offer, which is why Paypal has grown to the size it has. Bitcoin maybe has an opportunity to reduce fees even further, but as long as the price is so volatile, no business will want to deal in bitcoins. The biggest hurdle to bitcoin supplanting something like Paypal as a payment processor is bitcoin itself.

No Paypal exists only because US banking is massively disturbed. In Germany a bank wire is free, even 20 years ago it was free, nobody would use a scam service like Painpal to pay someone, but a simple free bank transfer.  Smiley

Due to the sick and twisted paper check based dinosaur US banking, Painpal could become powerful and finally, Ebay bought them and forces their users to offer Painpal in the US.  Angry

Painpal is terrible but they are a winner-takes-it-all sort of company

Bitcoin vola is not an issue if it is hedged or converted to fiat right away.

From a CUSTOMER perspective BTC is much better because Painpal freezes accounts and steals money all the time whereas Bitcoin wallets don't.

https://www.aboutpaypal.org/
full member
Activity: 308
Merit: 100
I'm nothing without GOD
Paypal sucks and I hope people screw them over more.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
Another reason why I stopped using paypay years ago.
Everyone should just boycott the dam service. Find yourself another way to make payments.
Sure it's a little inconvenient but by continuing to use their service, you contribute to this.

This should be a conscious choice.

Bad companies will eventually go out of business if people stop using them!

That or builds a superior system and get the traction going
Hopefully it will be a Bitcoin based payment service NOT LOCATED IN THE USA
Since they might end up in a similar predicament there
legendary
Activity: 1162
Merit: 1001
Another reason why I stopped using paypay years ago.
Everyone should just boycott the dam service. Find yourself another way to make payments.
Sure it's a little inconvenient but by continuing to use their service, you contribute to this.

This should be a conscious choice.

Bad companies will eventually go out of business if people stop using them!
legendary
Activity: 3906
Merit: 1373
And somebody needs to come up with an easy, sort of drag and drop method, for setting up a TOR site.

Smiley
hero member
Activity: 770
Merit: 500
I hope everyone now can see difference between centralised and decentralised solution for internet payments. Noone cant suspend anyone to use Bitcoin and that is real freedom. Decentralisation of money is HUGE gain for all free ppl around the world.
which is why we need to support alternative DNS such as namecoin as well so domains can't be seized either.
legendary
Activity: 3906
Merit: 1373
Only let the people and government think that he is being punished. Dotcom is way too shrewd to NOT be gaining profits off this closing, one way or another.

Smiley
hero member
Activity: 616
Merit: 500
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I hope everyone now can see difference between centralised and decentralised solution for internet payments. Noone cant suspend anyone to use Bitcoin and that is real freedom. Decentralisation of money is HUGE gain for all free ppl around the world.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
This is interesting Kim Dotcom went and tried to prove that even with compliance it does not matter
As long as people like this retain influence.
"SOPA proponent Senator Patrick Leahy personally pressured Visa and Mastercard who in turn called on PayPal to terminate the account. Bizarrely, Mega's encryption is being cited as a key problem."
The USA will still close your account and paypal services.

Kind of interesting paypal apologized though, I guess they can't ignore the other overlords...
legendary
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
I cannot believe how in the year 2015 can there be so many friggin' retarded sheeple on the planet that they still depend on Painpal to make payments??!! How can people depend on that criminal organization?

Painpal is just one method of payment, there are so many others and there is always Bitcoin...

Hopefully in a few years, Painpal will have become unimportant and no longer be able to blackmail businesses... Angry

If Paypal was nearly as bad as you make it out to be, there would be a huge market opportunity for anyone to replace them with a 'less evil' business offering the same services. Any business that feels wronged by Paypal obviously won't use them. But far more businesses apparently see the value they offer, which is why Paypal has grown to the size it has. Bitcoin maybe has an opportunity to reduce fees even further, but as long as the price is so volatile, no business will want to deal in bitcoins. The biggest hurdle to bitcoin supplanting something like Paypal as a payment processor is bitcoin itself.
legendary
Activity: 2912
Merit: 1386
I cannot believe how in the year 2015 can there be so many friggin' retarded sheeple on the planet that they still depend on Painpal to make payments??!! How can people depend on that criminal organization?

Painpal is just one method of payment, there are so many others and there is always Bitcoin...

Hopefully in a few years, Painpal will have become unimportant and no longer be able to blackmail businesses... Angry

But wasn't it just in 2014 that we saw major complaints against Paypal emerge?

Just trying to get the historical sequence right.
legendary
Activity: 1372
Merit: 1014
I cannot believe how in the year 2015 can there be so many friggin' retarded sheeple on the planet that they still depend on Painpal to make payments??!! How can people depend on that criminal organization?

Painpal is just one method of payment, there are so many others and there is always Bitcoin...

Hopefully in a few years, Painpal will have become unimportant and no longer be able to blackmail businesses... Angry
hero member
Activity: 770
Merit: 500
Another reason why I stopped using paypay years ago.
Everyone should just boycott the dam service. Find yourself another way to make payments.
Sure it's a little inconvenient but by continuing to use their service, you contribute to this.
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