Long-time Tor supporters are model citizens. How does PayPal not get this?
Evil is always fighting against good.
PayPal shuts down long-time Tor supporter
71–80 of 196 posts
Re: PayPal shuts down long-time Tor supporter
#72News like this is proof that cryptocurrencies like Monero are necessary. It’s proof (not that we needed any) that centralized finance does not have your best interests at heart, and they can and will abuse their power.
Why Monero specifically though, with all the options in crypto available? If you want privacy there are also Zcash shielded transactions. Or if all you want to do is eliminate central parties then why not just Bitcoin? My understanding with Monero is if you don't run your own node there's not that much privacy guarantee anyway (otherwise you have to trust the third party node you point to). Someone please correct me…
Monero is much more private than Zcash.
The issue with Zcash shielded transactions is that something like 14% of transactions are shielded, but only 1% are truly private. Optionally shielded transactions make chain analysis much easier and immediately make said transaction suspect. So you cannot comfortably use Zcash for private transactions. See the report by Chainalysis [1]:
> 14% of the ZCash transactions use a so-called "shielded pool", but in only 6% of all cases both the sender, recipient and the number of transactions are fully encrypted. The report states: “So even if the concealment on Zcash is stronger due to the zk-SNARK encryption, Chainalysis can still provide the transaction value and at least one address for over 99% of the ZEC activities.”
Clearly, optional privacy is not privacy at all. It needs to be on by default, which is the philosophy behind Monero.
Re. Monero nodes - if you’re using a remote node you can just use Tor, which I believe is soon to be baked in by default. Otherwise, Monero is still quite private. Your transaction history, transaction amounts etc are not revealed to nodes. Some metadata like restore height is, but that’s not a big deal.
[1]: https://www.kryptokumpel.de/en/kryptowaehrungen/chainalysis-...
Re: PayPal shuts down long-time Tor supporter
#73Earlier quoted context omitted.
Pals don't let pals pay with Paypal .
Who pays for pals anyway.
You'd be surprised.
My thinking was, if a friend confide in me about their use of PayPal for online payments, then it's a moral obligation to inform them of the risks their taking and treatments available such as alternative providers.
Re: PayPal shuts down long-time Tor supporter
#74Paypal is a scam. Use crypto-coins!!!
So I can pay with crypto on Amazon? Etsy? Discogs?
I don’t understand why there are so many posts here saying ‘just use crypto’, like - PayPal is a scam and needs a replacement but the problem is until sites start accepting crypto as simply as PayPal works then things will stay the same.
What you’re saying to do in your comment - on most major online retailers - is not yet possible, and it will probably take a long time even if it can find critical mass.
Crypto is another currency - it’s not another payment processor and while those are starting to exist we are nowhere close.
I believe the laments here are more so related to PayPal’s dominance - for most websites it’s that or your credit card.
Re: PayPal shuts down long-time Tor supporter
#75Earlier quoted context omitted.
At this point I believe crypto whales will intentionally ruin conventional financial institutes and systems.
The systems are ruining themselves. Time and time again, “conventional financial institutes” have abused their positions of power wherever possible. It’s no surprise that people are looking towards crypto, which was created explicitly for the purpose of taking power back from these institutes. People finally have another option.
Re: PayPal shuts down long-time Tor supporter
#76Earlier quoted context omitted.
Why Monero specifically though, with all the options in crypto available? If you want privacy there are also Zcash shielded transactions. Or if all you want to do is eliminate central parties then why not just Bitcoin? My understanding with Monero is if you don't run your own node there's not that much privacy guarantee anyway (otherwise you have to trust the third party node you point to). Someone please correct me…
Monero is much more private than Zcash. The issue with Zcash shielded transactions is that something like 14% of transactions are shielded, but only 1% are truly private. Optionally shielded transactions make chain analysis much easier and immediately make said transaction suspect. So you cannot comfortably use Zcash for private transactions. See the report by Chainalysis [1]: > 14% of the ZCash transactions use a so…
Arrr or Pirate is Zcash, but with always on privacy BTW. I like it a lot, but it's relatively new.
Also, the ZKSnark method that provides the privacy requires that the devs threw away their initial PKs. If you trust they did, then it's a great option.
Re: PayPal shuts down long-time Tor supporter
#77My bet would be that he's done non-Tor stuff with his account, and that's why it's been shut.
Perhaps you should read the linked article which states that the EFF examined his paypal history and found nothing remotely suspicious.
Re: PayPal shuts down long-time Tor supporter
#78Earlier quoted context omitted.
Not only did they split, they just forced all sellers to move from PayPal to direct deposit: https://gizmodo.com/ebay-and-paypal-finally-break-up-for-goo...
That sounds like good news. I don't see why i should have to give PP a cut of everything i sell on Ebay.
I am ambivalent, but the reduced fees are nice.
Re: PayPal shuts down long-time Tor supporter
#79Earlier quoted context omitted.
Why Monero specifically though, with all the options in crypto available? If you want privacy there are also Zcash shielded transactions. Or if all you want to do is eliminate central parties then why not just Bitcoin? My understanding with Monero is if you don't run your own node there's not that much privacy guarantee anyway (otherwise you have to trust the third party node you point to). Someone please correct me…
Monero is much more private than Zcash. The issue with Zcash shielded transactions is that something like 14% of transactions are shielded, but only 1% are truly private. Optionally shielded transactions make chain analysis much easier and immediately make said transaction suspect. So you cannot comfortably use Zcash for private transactions. See the report by Chainalysis [1]: > 14% of the ZCash transactions use a so…
"IRS offered $625,000 bounty to anyone who could 'crack' Monero; no one succeeded"
Re: PayPal shuts down long-time Tor supporter
#80Earlier quoted context omitted.
Not only did they split, they just forced all sellers to move from PayPal to direct deposit: https://gizmodo.com/ebay-and-paypal-finally-break-up-for-goo...
That sounds like good news. I don't see why i should have to give PP a cut of everything i sell on Ebay.
The cost to seller is mostly the same. eBay is now taking the cuts (the cut they have always taken plus the cut that used to be taken by PayPal) themselves instead.