Cash is king for me.
I can't tell if you are joking, but cache is probably the worst type of asset one can have.
how did you manage to still misspell it when directly replying to the comment?
PayPal to support Ethereum and Bitcoin
291–300 of 409 posts
Re: PayPal to support Ethereum and Bitcoin
#292I'm both surprised they didn't already, and am more surprised people are still willing to even use PayPal at this point.
I do art for a very queer market and lately I've been trying to get people to pay me via Zelle, because using Paypal is putting pennies in the pocket of rich dipshits like Elon Musk or Peter Thiel, who put that money into Republican candidate pockets. Next to nobody's budged. It's all Paypal. I'm taking a class and I paid the teacher via Venmo, which is a fucking Paypal company. It's so damn entrenched. When the fuck…
Do you think that the rich dipshits that Zelle enables are significantly better? They're just responsible for an older slower form of the same abuse. We desperately need a ethical alternative, buy I think were going to have to build it ourselves.
Re: PayPal to support Ethereum and Bitcoin
#293Earlier quoted context omitted.
Cross border money transfer is one reason. People in 3rd world countries don't want to hold their money in the country. Many want to get paid by stablecoins.
I agree the AML laws of old are out of date for the current state of things. More and more workers in developing countries are doing remote work, and AML is unfortunately unfairly affecting this demographic (I used to be part of that demographic). But enabling everyone to skirt around it completely is not a good outcome IMO.
Increased privacy and independence from a government will always benefit both good and bad actors unfortunately.
Re: PayPal to support Ethereum and Bitcoin
#294Is this a legitimate alternative domain name for PayPal, or is it a parody or phishing site? It's not paypal.com.
Apparently it's legit: https://news.ycombinator.com/item?id=45250319
Re: PayPal to support Ethereum and Bitcoin
#295Earlier quoted context omitted.
I think it's from people who are programmed from early e-commerce days to think using their credit card online is an extreme risk, and that Paypal is shielding them or insuring their purchase in some way. That said, I know some small nonprofits where that's their preferred way to donate online.
> and that Paypal is shielding them or insuring their purchase in some way Yes, I absolutely do think that. When I make a purchase through paypal, I am redirected to an authorization page hosted on paypal's domain. The recipient never sees my card number. I must authorize each charge. Whereas when I give my card number, the recipient can charge whatever they want, whenever they want, however much they want* * subject…
These are mostly the same features Bitcoin/Ethereum provides to senders. But the cryptocurrency transactions are nonrepudiable, which is beneficial in some contexts (a friend of mine had his laptop stolen via a PayPal chargeback, and porn sites have had lots of problems opening and keeping credit card merchant accounts) and a drawback in others (the ripped clothing shipment mentioned in a sibling comment).
And of course the main feature of cryptocurrencies is that PayPal can't freeze your account when you try to withdraw money.
Re: PayPal to support Ethereum and Bitcoin
#296Earlier quoted context omitted.
> and that Paypal is shielding them or insuring their purchase in some way Yes, I absolutely do think that. When I make a purchase through paypal, I am redirected to an authorization page hosted on paypal's domain. The recipient never sees my card number. I must authorize each charge. Whereas when I give my card number, the recipient can charge whatever they want, whenever they want, however much they want* * subject…
These are mostly the same features Bitcoin/Ethereum provides to senders. But the cryptocurrency transactions are nonrepudiable, which is beneficial in some contexts (a friend of mine had his laptop stolen via a PayPal chargeback, and porn sites have had lots of problems opening and keeping credit card merchant accounts) and a drawback in others (the ripped clothing shipment mentioned in a sibling comment). And of cou…
> These are mostly the same features Bitcoin/Ethereum provides to senders.
Sure, as does Apple & Google pay. I'm not saying PayPal is the only way, but I am frequently faced with either paypal or credit card, and in that situation I will do paypal every single time
Re: PayPal to support Ethereum and Bitcoin
#297Earlier quoted context omitted.
Cross border money transfer is one reason. People in 3rd world countries don't want to hold their money in the country. Many want to get paid by stablecoins.
I agree the AML laws of old are out of date for the current state of things. More and more workers in developing countries are doing remote work, and AML is unfortunately unfairly affecting this demographic (I used to be part of that demographic). But enabling everyone to skirt around it completely is not a good outcome IMO.
They aren't old. They were passed this century—because, in democratic countries, they were politically radioactive until the 9/11 attacks allowed the Intelligence Community to get its wishlist passed into law.
Enabling everyone to skirt around it completely would be in effect a return to the state of affairs that prevailed throughout the entire 20th century, and that would probably be a good tradeoff.
Re: PayPal to support Ethereum and Bitcoin
#298real question because i don't know, what do people actually buy with crypto other than other money or illegal stuff? i presume paypal won't be happy with you buying/selling drugs with it
I have a virtual crypto card and gave it to my daughter and she added it to the Google wallet on her android. She uses it anywhere to buy anything. My bank didn't want to open bank account to minor. Everything was set up in 10 minutes. I transfer to her some random coins and it just works. I also use it myself as a backup abroad when my regular bank foreign account doesn't work for any reason. I got the card in the m…
How do you get a virtual crypto card?
Re: PayPal to support Ethereum and Bitcoin
#299real question because i don't know, what do people actually buy with crypto other than other money or illegal stuff? i presume paypal won't be happy with you buying/selling drugs with it
My golf instructor accepts bitcoin and provides a 50% discount for doing so!
Are they overseas or something? Why are they willing to offer such a large discount?
Re: PayPal to support Ethereum and Bitcoin
#300Earlier quoted context omitted.
I know quite some Russian companies using bitcoins t to trade with western companies. For example large ad networks and bookies that operate there and pay in bitcoins. Malta, Switzerland are quite popular for these constructions.
Isn’t that illegal, I mean what those Western companies are doing? So that does not answer the question what legit stuff businesses do.
Probably not. Most Russian companies are not subject to sanctions even in the US, but many of their banks are. And most Western companies are not in the US and consequently aren't bound by US sanctions.
However, AFAIK eight of Russia's biggest banks are still cut off from SWIFT: https://en.m.wikipedia.org/wiki/SWIFT_ban_against_Russian_ba...