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How PayPal Shares Your Data

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Re: How PayPal Shares Your Data

#41

Post by kennywinker »

nerdponx wrote: post #33
erikb wrote: post #13

Earlier quoted context omitted.

And then what? You find they are doing almost the same, move to the biggest forrest you can find and start living on berries and rabbits? Or you decide to cut 1/3 of your savings, buy paypal and show them how to do it the right way? It's really hard to see any reasonable options you have as source of data.

This right here is the reason we need cryptocurrency. Not for speculation, not as a "settlement layer", just for unfettered global economic activity accessible to normal people.

What could possibly go wrong!

Re: How PayPal Shares Your Data

#42

Post by tscs37 »

paulsutter wrote: post #34
jstanley wrote: post #31

Earlier quoted context omitted.

https://getmonero.org/2017/04/19/an-unofficial-response-to-a...

Thanks for the link. While it’s good to see the paper overstates the problem, it’s also clear that users should not assume that their Monero transactions are untraceable.

I think the summary of both papers (the initial paper and monero's unofficial response) could be that monero's transactions are reasonably untraceable.

Reasonably private should be good enough for most people.

Re: How PayPal Shares Your Data

#43

Post by Markoff »

Feniks wrote: post #37
Fnoord wrote: post #12

Just skip this terrible usability nightmare and read the original list instead at [1]. FWIW, I used Ctrl+F to search around (for, in my case, my country name). And the 100 dollar question: is this better or worse than an average bank from your_country? I have no clue about my own bank. Reading through this list, it seems I should get a clue about my own bank. [1] https://www.paypal.com/ie/webapps/mpp/ua/third-parties…

Worse obviously. PayPal is a US company, US consumer rights and privacy policies are always worse. That's a given.

PayPal it's just another Luxembourg bank for EU citizens

Re: How PayPal Shares Your Data

#44

Post by paulsutter »

tscs37 wrote: post #42
paulsutter wrote: post #34

Earlier quoted context omitted.

Thanks for the link. While it’s good to see the paper overstates the problem, it’s also clear that users should not assume that their Monero transactions are untraceable.

I think the summary of both papers (the initial paper and monero's unofficial response) could be that monero's transactions are reasonably untraceable. Reasonably private should be good enough for most people.

If the goal is more-private-than-bitcoin, yes, it's less traceable than bitcoin. If the goal is bulletproof-from-authorities, not so much.

Re: How PayPal Shares Your Data

#45

Post by lucb1e »

germanier wrote: post #39
lucb1e wrote: post #32

Huh, what is the CCC doing in there? The Chaos Computer Club, largest hacker club of Europe, organizer of the Chaos Community Congress that attracts some 15 000 hackers every year? They're filed under customer support outsourcing with the "explanation": > Global Ops Customer service outsourcing for the German market. > Full Name, Date of Birth, Email address, Physical address, Telephone number, Financials-bank, debit…

That's probably the callcenter company CCC, which is unrelated to them. https://www.yourccc.com/

Ah right, that makes sense. Thanks!

Re: How PayPal Shares Your Data

#46

Post by Casseres »

Casseres wrote: post #25
tormeh wrote: post #18

Earlier quoted context omitted.

Yeah, but the biggest ones are not inflationary, so they end up as exclusively hype-driven speculative investment vehicles. That's not good for a method of payment.

Monero is inflationary, but it still might not keep up with coin loss. Even a coin with higher inflation will still be susceptible as a speculative-investment. It would be nice if there was a way to avoid that, and to keep value relatively-stable, but I can't think of anyway that does require trusting 3rd parties.

Typo, meant: "that does not require"
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