PayPal Freezes Mailpile Campaign Funds • Hacker News Board

Re: PayPal Freezes Mailpile Campaign Funds

#361

Post by jafaku » Fri, Sep 06, 2013, 5:20 PM UTC

ceejayoz wrote: post #348

jafaku wrote: post #337

Earlier quoted context omitted.

What is this, another reddit meme that will be repeated until the end of the internet? Bitcoin can only go to zero or +inf. Past performance is a way to show what haters are losing every year for denying Bitcoin.

> Past performance is a way to show what haters are losing every year... ... said real estate agents in the early 2000s. Folks who bought in April at $260 are out more than a hundred bucks per Bitcoin. It's just as easy to lose your shirt as it is to get rich.

Folks who bought in April will be early adopters and will see incredible profits too if they don't panic sell. It's a matter of logic. Like I said, it can go to 0 or +inf.

Re: PayPal Freezes Mailpile Campaign Funds

#362

Post by ceejayoz » Fri, Sep 06, 2013, 6:16 PM UTC

jafaku wrote: post #361

ceejayoz wrote: post #348

Earlier quoted context omitted.

> Past performance is a way to show what haters are losing every year... ... said real estate agents in the early 2000s. Folks who bought in April at $260 are out more than a hundred bucks per Bitcoin. It's just as easy to lose your shirt as it is to get rich.

Folks who bought in April will be early adopters and will see incredible profits too if they don't panic sell. It's a matter of logic. Like I said, it can go to 0 or +inf.

If it can go to zero, why do you say "will see"? "Might see" is accurate, as is "might see incredible losses".

Re: PayPal Freezes Mailpile Campaign Funds

#363

Post by chris_wot » Sat, Sep 07, 2013, 11:49 AM UTC

gamblor956 wrote: post #338

nknighthb wrote: post #314

Earlier quoted context omitted.

Their policy is fundamentally incompatible with IndieGoGo's model. So why do they accept payments for IGG campaigns in the first place? You can't have it both ways.

Not all of IGG's campaigns are for pre-sales of non-existent products. IGG also handles campaigns for charities and art projects (Indeed, when I went to the IGG website, the 8 projects displayed were for charitable programs.) Thus, Paypal can have it both ways.

This is an open sourced project. All the code is available. It's a stretch to call it "presales", because you can use it immediately.

They are radically transparent:

* https://github.com/pagekite/Mailpile - source code

* https://github.com/pagekite/Mailpile/issues - issues

They have a running feature list with each status.

Re: PayPal Freezes Mailpile Campaign Funds

#364

Post by jgalt212 » Sun, Sep 08, 2013, 3:58 PM UTC

It's amazing to me how revered the PayPal mafia is and continues to be despite all the detestation that continues to be heaped up PayPay, the company.

Re: PayPal Freezes Mailpile Campaign Funds

#365

Post by Vitaly » Mon, Sep 09, 2013, 6:37 AM UTC

patio11 wrote: post #118

Indulge me in a flight of fancy in which we pretend, for the sake of argument, that a) Paypal is run not by Snidely Whiplash clones but b) by smart geeks working with thin margins in a highly regulated industry where c) customers are at risk essentially never, d) merchants eat 100% of the risk if they stay in business, and e) Paypal eats 100% of the risk if the merchant doesn't. Why is Paypal very skeptical of pre-sa…

In addition to all the other arguments here, I have a problem with your assertion that Paypal is run by smart geeks. a) I think its a common knowledge that it is actually run by business pointy heads b) their API and dev environment are so horrendously bad and hostile to developers its not even funny. And its been like this for years. If it was really run by geeks, getting the API and dev process in order would be high on priorities list.

Re: PayPal Freezes Mailpile Campaign Funds

#366

Post by jarek » Mon, Sep 09, 2013, 7:32 PM UTC

adam-a wrote: post #260

ry0ohki wrote: post #256

Earlier quoted context omitted.

What bank are you using, are you in the USA? The best rates I know of right now are Ally Bank at .84%. My local bank pays .01%

No, in the UK. I may have been exaggerating a little, but without searching at all, my current bank, Halifax, offer 1.3% http://www.halifax.co.uk/savings/accounts/easy-access/online... I'm curious about what I'm missing, I'm sure I have some misunderstanding here. EDIT: that's a 12 month rate! I suppose I'm just a victim of misleading advertising.

In addition to customer acquisition and introductory rates and so on, also be aware that interest rates differ by currency. I can get significantly more interest in CAD (1.35% - 1.9% in Canadian banks, up to 3% with some limited accounts) than in USD (in either Canadian or U.S. banks). AUD has different rates still and so would GBP.