Paypal to charge $2500 or more for “bad speech” - Coming November 3

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♦️ King of Diamonds ♦️ said:
I'm willing to best this is a test run for when the IRS comes out with a new ruling saying they can add $2500 to how much taxes you owe in a given year for each case of "misinformation"
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The IRS would never do this because that's a 1st Amendment problem. But your bank might, at the direction of the IRS or some other bunch of faggy feds. Don't like it? Make your own banking system!
 
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Hadn't touched my PayPal account in years but closed it nevertheless.

This is 100% a trial run for the banks to introduce the same sort of penalty system for general banking accounts down the line.

It's fucked, but regulators might really have to deal with how political the banking system is getting. The deplatforming is getting to ludicrous levels and so much of the system now requires having a bank account.
 
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Trout P said:
Somebody better check the Venmo EULA since they're owned by PayPal.
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What are the actual decent alternatives? Go full no middleman, use credit cards and the risk that comes with that? I guess there's that privacy card site but the way you set it up is wonky.
 
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This is a little late (saw an article talking about the following roughly a week ago). But apparently this was walked back calling it a "misprint" of their updated terms.
They display this message on the FAQ page about deleting a Paypal account, go figure.

Assuming they're not just lying about why they're walking it back, it would be likely that someone in the company threw that detail in there as a last ditch attempt to stick it to those wrongthinkers, likely a person of Gender.

But let's be honest... This policy is most likely coming down the line. They are testing the waters, don't be a retard and don't use Paypal.
 
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Toolbox said:
What are the actual decent alternatives? Go full no middleman, use credit cards and the risk that comes with that? I guess there's that privacy card site but the way you set it up is wonky.
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I used to be a crypto skeptic. I made some money on speculation but thought it would never be useful for anything else. Well over the last few years more and more of the shit I buy online has started supporting crypto payments. Not even drugs, stuff like web hosting and my usenet indexer subscription. So now instead of using an intermediary like Coinbase to change bitcoin people paid me to USD right away, I leave some of it in there so I can buy stuff with it later. So almost without me even noticing, it's become real money, a parallel system of payment, at least for me.

I don't know how much farther it will go. It would be great if people could pay for necessities like food and housing with crypto. That would go a long way toward obsoleting parasites like PayPal.
 
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Lord of the Large Pants said:
Charging people for violating an EULA? Is that even legal? Has anyone ever had the audacity to TRY something like this?
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Does an email service charging you $1 per prohibited outgoing message count? I honestly don't really know the difference between all the different kinds of legalese and terms.
 
PedoSec said:
I used to be a crypto skeptic. I made some money on speculation but thought it would never be useful for anything else. Well over the last few years more and more of the shit I buy online has started supporting crypto payments. Not even drugs, stuff like web hosting and my usenet indexer subscription. So now instead of using an intermediary like Coinbase to change bitcoin people paid me to USD right away, I leave some of it in there so I can buy stuff with it later. So almost without me even noticing, it's become real money, a parallel system of payment, at least for me.

I don't know how much farther it will go. It would be great if people could pay for necessities like food and housing with crypto. That would go a long way toward obsoleting parasites like PayPal.
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Coinbase will probably become the new Paypal if crypto really took off (and it won't, since if it did, the government would just speed up rollout of their pseudo-crypto CBDCs i.e. Fedcoin). Look what happens to your Coinbase account if you try and donate to Kiwifarms for instance. You also get banned if you try and send crypto to Russia, which interferes with free trade and commerce the same way Paypal or a traditional bank would. The governments also watch everything on the blockchain, so they could still easily fuck over your bank account and keep you (or whoever you're sending it to) using only crypto.

Now sure, you could use a true privacy coin like Monero and keep your money off the big exchanges, but it's still pretty limiting and would probably stop it from being adopted by normies and thus truly building a parallel banking system.
 
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Well they stepped on their own dicks while backpedaling. They banned the account of a pro-democracy party in Hong Kong (ie anti-CCP).
www.voanews.com

PayPal Terminates Hong Kong Account of Pro-Democracy Group

The League of Social Democrats, a Hong Kong activist group that depends on donations, said the termination of PayPal’s services came unexpectedly
www.voanews.com www.voanews.com
archive.ph

PayPal Terminates Hong Kong Account of Pro-Democracy Group

archived 15 Oct 2022 08:08:51 UTC
archive.ph archive.ph

Save the Loli said:
Coinbase will probably become the new Paypal if crypto really took off (and it won't, since if it did, the government would just speed up their pseudo-crypt CBDCs i.e. Fedcoin). Look what happens to your Coinbase account if you try and donate to Kiwifarms for instance. You also get banned if you try and send crypto to Russia, which interferes with free trade and commerce the same way Paypal or a traditional bank would. The governments also watch everything on the blockchain, so they could still easily fuck over your bank account and keep you (or whoever you're sending it to) using only crypto.

Now sure, you could use a true privacy coin like Monero and keep your money off the big exchanges, but it's still pretty limiting and would probably stop it from being adopted by normies and thus truly building a parallel banking system.
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This is my concern over crypto, that the major businesses will just force you to go through something like Coinbase or Paypal to pay in crypto, centralizing everything that way. Even so, that's a reason to support small businesses. I do hope Monero grows, it's the best crypto I've seen for privacy.
 
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Save the Loli said:
Coinbase will probably become the new Paypal if crypto really took off (and it won't, since if it did, the government would just speed up their pseudo-crypt CBDCs i.e. Fedcoin). Look what happens to your Coinbase account if you try and donate to Kiwifarms for instance. You also get banned if you try and send crypto to Russia, which interferes with free trade and commerce the same way Paypal or a traditional bank would. The governments also watch everything on the blockchain, so they could still easily fuck over your bank account and keep you (or whoever you're sending it to) using only crypto.

Now sure, you could use a true privacy coin like Monero and keep your money off the big exchanges, but it's still pretty limiting and would probably stop it from being adopted by normies and thus truly building a parallel banking system.
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Good post. I'm interested to see what happens with FedNow. To be totally clear, I'm not interested in illegal stuff. I'm not sure whether it's a good thing that the US federal government monitors all financial transactions. In other words I could see myself becoming a libertarian if we could somehow "try out" out financial transactions being private for a year and nothing bad happened. More pedophiles running around maybe. I wonder if anyone really knows.

I *am* interested in the farms getting shut down for no reason. When it happened, Matthew Prince went on Hacker News and said "think of it in terms of rule of law" or lack thereof. In other words he was implying that illegal stuff should be reported to the government and investigated by them, not him, but something forced his hand in this case. I've seen speculation that it was Mastercard threatening to terminate their contract with Cloudflare. But as you point out, it's not about replacing Mastercard, which is relatively easy, it's about what replaces Mastercard. Is it Coinbase? Because as you point out, Coinbase shuts down people's accounts if they send crypto to the farms' address. BTW, I've sent crypto to the farms using Coinbase just by asking null for a one-time-use address. But I realize that's not a real solution to the problem.

Right now I'm thinking about how I pay people and get paid using crypto. Most of the bills I pay go through one of two providers. One is called CoinPayments. So there would have to be a way to quickly replace CoinPayments as your payment provider if someone mobs or blackmails them into dropping you. I think it would be good for sites like OnlyFans to have a list of payment providers the performer could pick from. Also, that way the mob-resistant providers would have a competitive advantage, since more and more people would start using them after the weaker ones punked out.

I guess it's relatively expensive to set up a payment provider, since you (perhaps rightly) have to deal with regulatory compliance. But maybe the process could be automated to some extent. A LegalZoom type thing.
 
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It's a good thing I never opened a PayPal account, there are some listing that want me to open one and my response is not buying the item.
 
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