PayPal to support cryptocurrencies across its consumer and merchant network

[Aidan]

Folks, you need to mail Null cash/checks directly, just cut out the middleman entirely. Send him a prepaid debit card, even. Don't forget to put your return address on the envelopes in case they get tied up in the mail and need to get sent back.

 

[Null]

paypal cannot be trusted and everyone involved with that company should be hanged for high treason.

 

[wtfNeedSignUp]

PayPal won't allow anyone right of Mao to use its system, but using it to pay for ransom/child porn is A-okay in their eyes.

 

[Kosher Dill]

I got banned from coin base for sending btc to null’s public address. I just want an easy way to send btc to dear leader every few months so this is nice.

Are you kidding? Do you really think Paypal isn't going to ban you for transacting with "unapproved" entities? Do you realize who you're talking about here?

 

[Bungus Scrungus]

selling gf for 1 BTC pls respond

 

[(not) y2k compliant]

paypal cannot be trusted and everyone involved with that company should be hanged for high treason.

Unfortunately, we've got to live with them. But with them becoming a player in crypto (along with many other entities recently) I'm just hoping that whatever regulation ends up passing in the US finally makes Paypal, Western Union, etc, etc have to play by the same rules that banks do... I know its not going to happen but a boy can dream.

 

[Miller Hayward]

Paypal will legally have the right to permanently suspend your account and lock your bitcoin up for 6 months before you are able to transfer it.

On a whim they could permanently suspend you and lock up all your funds for 6 months.

 

[Iron Hamster]

Great opportunity for paypal to scam its customers even more.

Exactly. There are so many fake crypto scam out there. The scammers are going to have a field day now.

 

[Stasi]

This is going to be carnage from a tax perspective. The US treats crypto like an asset, not a currency. Any time you sell crypto at a gain the IRS wants a cut. If you are 'buying' something it is effectively treated like a barter transaction and a 'sale' of your crypto. If you bought 1 coach coin for $100 in July and 'buy' a collection of dragon dildos worth $200 in September for that 1 coach coin you made a $100 gain and the IRS will want their piece.

Its all well and good for turbo autists on here making untraceable transaction but PayPal will 100% disclose details to the IRS. I look forward to a bunch of zoomer normies crying on twitter in a year or two when they start getting IRS audit letters over unreported crypto transactions.

The UK takes the same approach as the US and treats crypto as an asset. Not sure about other place, this is new and policy makers are a bunch of out of touch boomers who don't know whats going on.

 

[Mepsi Pax]

Note to casual coinbase users re: sending BTC to EVIL SICK addresses like DIRTY UNHOLY forums administrators:

If you're gonna send somewhere you think isn't "approved" for goodthink by ARE betters, at the very least dump the coins to a wallet first, then send from there. Yeah you'll pay transaction fees twice. It's a brave gay new world.

 

[melty]

Note to casual coinbase users re: sending BTC to EVIL SICK addresses like DIRTY UNHOLY forums administrators:

If you're gonna send somewhere you think isn't "approved" for goodthink by ARE betters, at the very least dump the coins to a wallet first, then send from there. Yeah you'll pay transaction fees twice. It's a brave gay new world.

I did this too and it's another possible reason I was banned. I really don't know the answer why I was banned so that's why I didn't tag null.
It was either for sending to null (which they only decided to ban me for weeks after my most recent donation, and years after my first one), sending to an address that sent to somewhere else they didn't like, or it could just be completely a mistake OR it could be simply because I removed my bank account. I never used it for anything that's actually illegal. None of these reasons are good, if I wanted to be banned for knowing the wrong people, or not having a bank account, or for no reason at all, I could just use a normal payment processor, like PayPal.
It seems Coinbase only wants people to "invest" in coins, not actually use them. If all you're doing is investing in bitcoin, you can use Robinhood, which has a much lower fee. You can't send your coins to anyone else, but you apparently can't do that on Coinbase either, so what's the point of them?
Null had warned against coinbase in the past as have others, it's on me for using them even knowing they had issues, but I'm still a little disappointed.

 

[⠠⠠⠅⠑⠋⠋⠁⠇⠎ ⠠⠠⠊⠎ ⠠⠠⠁ ⠠⠠⠋⠁⠛]

Note to casual coinbase users re: sending BTC to EVIL SICK addresses like DIRTY UNHOLY forums administrators:

If you're gonna send somewhere you think isn't "approved" for goodthink by ARE betters, at the very least dump the coins to a wallet first, then send from there. Yeah you'll pay transaction fees twice. It's a brave gay new world.

There are also various services like Changelly that let you swap crypto from say, LiteCoin to BitCoin. Transaction fees are still in play, as they would be if you sent to your own wallet and then on to the final recipient, and the services themselves charge fees, so you need to consider that when deciding how much you want to send to the final recipient.

With one of these, you can buy one type of crypto on Coinbase or some other cuckxange, plug in your recipient's address for what's coming out the end, and then plug in the address that the service gives you into Coinbase or whatever cucked exchange you're using.

There is a risk that the likes of Coinbase may identify the addresses used by such services somehow and flag them, and if you were doing something actually illegal then I suspect most of them collaborate with US pigs so it's not a safe solution for that sort of thing, but if you can't figure out a better way to acquire crypto it does at least add a bit of distance between your purchase and its recipient. If you do intend to use one of these services, definately search the site that you intend to use up on reddit (yes, reddit) to try and see if it's a scam before transfering anything.

Unfortunately, we've got to live with them. But with them becoming a player in crypto (along with many other entities recently) I'm just hoping that whatever regulation ends up passing in the US finally makes Paypal, Western Union, etc, etc have to play by the same rules that banks do... I know its not going to happen but a boy can dream.

Um. Are you suggesting that banks somehow abuse their customers less than Paypal does? Western Union, OK, maybe, but Paypal?

maybe we have to make null aware so he can do something about it, like creating a post on how to use wasabi wallet

I hope Null gets a bunch of $1,300 donations from people using Wasabi Wallet to anonymize their BTC, but I'm skeptical how often the donations are that large, and there are exchanges less bad than Coinbase. It's also confusing to use. Samourai Wallet is more reasonable in terms of minimum mix sizes apparently but I've never used it.

 

[2WokeB4BrainPills]

I guess I'll give my downer take: it looks like part of a broader strategy to bring crypto out of the wild west and into the control of govt-regulated entities, done with govt approval. Meanwhile govt is obviously still hostile to currency which enable money laundering, tax evasion, illicit goods purhcase, and evasion of the high inflation tax they're tee'ing up to levy with MMT+UBI.

Those 2 things don't jibe, obviously. They seem to realize the best way to quash bitcoin is a feigned embrace and then subversion. Bring people's crypto assets into the system, then use that to slowly push them into assets that you control, which have KYC/AML/MMT built in. The payment processors are gearing up to help move people into the new system.

Lotta dumbass bitcoin maxis thinking this means they'll be finally buying lattes with bitcoin. You put the bitcoin in, they'll gradually make it tougher to get it out, any way other than by swapping for dollars or fedcoin. It'll be interesting to see what happens when they realize they're at dinner with Circe.

 

[⠠⠠⠅⠑⠋⠋⠁⠇⠎ ⠠⠠⠊⠎ ⠠⠠⠁ ⠠⠠⠋⠁⠛]

I guess I'll give my downer take: it looks like part of a broader strategy to bring crypto out of the wild west and into the control of govt-regulated entities, done with govt approval. Meanwhile govt is obviously still hostile to currency which enable money laundering, tax evasion, illicit goods purhcase, and evasion of the high inflation tax they're tee'ing up to levy with MMT+UBI.

Those 2 things don't jibe, obviously. They seem to realize the best way to quash bitcoin is a feigned embrace and then subversion. Bring people's crypto assets into the system, then use that to slowly push them into assets that you control, which have KYC/AML/MMT built in. The payment processors are gearing up to help move people into the new system.

Lotta dumbass bitcoin maxis thinking this means they'll be finally buying lattes with bitcoin. You put the bitcoin in, they'll gradually make it tougher to get it out, any way other than by swapping for dollars or fedcoin. It'll be interesting to see what happens when they realize they're at dinner with Circe.

Look, as long as the main BitCoin software doesn't have that nasty term 'blacklist' in it, that's what's most important.

 

[LoginRegister]

Look, as long as the main BitCoin software doesn't have that nasty term 'blacklist' in it, that's what's most important.

I know that Ethereum can block coins belonging to an address, so the owner of that address cannot send them to another address, there was a case about an address holding some tether that got blocked. but BitCoin developers dont block coins, i am not aware that this ever happened, but there are utilities like block explorers (not available for the normal user but available for enterprise) like chainanalisys, their api can plug into an exchange or website that uses bitcoin or other crypto and then know where the coins are coming from and where the coins are going, so it is possible that the address of null got blacklisted there, meaning that coinbase got a warning from one of its users who send BitCoin to a blacklisted address, but who knows, is anyone here up to sending some coins to null address from their coinbase account?

 

[AsbestosFlaygon]

This doesn't make any sense. The whole point of people going into crypto was to get away from the big names that fuck with people on a daily basis.

Why the fuck would anyone want crypto from the same company that's killed other businesses for having wrong think/speak?

The thing is that the big name cryptocurrencies like Bitcoin want to be just like the big banks, they don't give a single shit about anonymity.

 

[TheRedChair]

The Biggest and greatest concern to myself is the ability for the common man to get ahead. Nobody needs to know...
1. How much money you have.
2. What kinds of purchases you make.
3. Who you deal with.

I do almost everything Hard Copy.

I've already had do deal with the banks with suspect transactions as well as companies I pay my bills. If it was not for the fact I had the actual receipts, I would have lost thousands of dollars over the years. Once you go digital you are at the Mercy of the government, the corporations, and the powers that be.

Crypto was built on anonymous transactions and security. Well we already seen how secure this is (millions are lost every year), and now this???

No... this might be for some people but this is not for me. My privacy is important to me. Cash is one of those things that can get lost in the system.
Cash is what gives you the power to get ahead. It is what I use to shield myself against the SuperRich. I have enough to live comfortably for the rest of my life and keep my privacy as private as possible. And enough money to fight against when people/corporations want to sue you to get you out of the way.

You made your money. You paid your taxes. No one needs to know what you do to it afterwards.

 

[Kosher Dill]

Look, as long as the main BitCoin software doesn't have that nasty term 'blacklist' in it, that's what's most important.

The Bitcoin software itself doesn't need to, Bitcoin's entire transaction history is public and the tools to analyze these transactions are highly advanced by now.
"Have you been transacting with unapproved feeders, Citizen?"

 

[⠠⠠⠅⠑⠋⠋⠁⠇⠎ ⠠⠠⠊⠎ ⠠⠠⠁ ⠠⠠⠋⠁⠛]

I know that Ethereum can block coins belonging to an address, so the owner of that address cannot send them to another address, there was a case about an address holding some tether that got blocked. but BitCoin developers dont block coins, i am not aware that this ever happened, but there are utilities like block explorers (not available for the normal user but available for enterprise) like chainanalisys, their api can plug into an exchange or website that uses bitcoin or other crypto and then know where the coins are coming from and where the coins are going, so it is possible that the address of null got blacklisted there, meaning that coinbase got a warning from one of its users who send BitCoin to a blacklisted address, but who knows, is anyone here up to sending some coins to null address from their coinbase account?

To clarify, I'm referring to the fact that the BitCoin software has already been subjected to corporate capture as the Linux kernel and other open source projects have been, with a variable that's had 'blacklist' in the name for a decade being renamed because some Indian cunt's fee fees were hurt.

Of course, privacy on BitCoin is a serious problem also.

 

[LoginRegister]

fuck those corefucks