Yesterday PayPal terminated account of Internet hosting company Epik - the web host of Gab, @bitchute, & others. All out war.

submitted by Orangutan from (old.reddit.com)

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[–][deleted] 15 insightful - 3 fun15 insightful - 2 fun16 insightful - 3 fun -  (1 child)

Epik bent the knee and let 8chan get banned, and this still happened. Don't negotiate with terrorists.

[–]muyuu 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

yep the writing was on the wall already

hosting/payment channels are a serious vulnerability for Internet freedoms and although technically it can be worked around, in practice enough services and users are crowded out of these possible alternatives because of this pressure from the top

[–][deleted] 7 insightful - 2 fun7 insightful - 1 fun8 insightful - 2 fun -  (9 children)

its fine, we have bitcoin now, we dont need paypal

paypal banning me is in fact the reason that got me into bitcoin

thanks paypal!

[–]Drewski 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (8 children)

I think cryptocurrencies could be great, they have become easier to use though they could improve more on that regard but the biggest hurdle now is converting fiat currency to and from crypto. Until you can pay your bills and buy groceries with crypto, you need to convert it and the on and off ramps are heavily regulated. Maybe decentralized exchanges will help, but they are still difficult and most normies won't touch em at the moment.

[–][deleted] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (6 children)

i dunno wat hurdle you're talking about, its much easier then 7 years ago, when i got into bitcoin

use scummy paypal or coinbase or bitstamp to change back to fiat,

or even better just buy gift cards with bitcoin, then no need to convert to fiat,

i buy 500 dollar walmart gift cards using bitcoin, never once had to convert to fiat,

fiat blows

[–]mharmless 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (5 children)

The same government that made owning gold illegal for forty years is not going to be restrained from making your bitcoins into useless data if it ever actually becomes a threat to them.

When the fiat behind your currency is nuclear weapons, well... yeah.

[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

the same government who tried to amke torrenting music illegal?

[–]C3P0 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

How would the government make bitcoins turn into useless data?

[–]wuzizname 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

By making trading of them illegal. That would do it.

[–]Lahontan 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Making it illegal would probably make more people use it. Bootlegging crypto instead of liquor.

Imagine if there are some catastrophic crop failures around the world and food becomes scarce, and they implement the coronavirus passport that integrates your ID and ability to use money. They'll limit the amount of food you can buy no matter how much money you have. But your family is still hungry, or you want to have something extra like ice cream. Your neighbor has an illegal ice cream operation and accepts Monero. Using crypto is going to facilitate black markets for essential goods.

[–]C3P0 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

I see. In no case would the coins be rendered useless data. Also, the US government's laws do not extend internationally (obviously). So you could just trade the bitcoins on foreign websites.

Perhaps you mean that the US government would make it illegal for American citizens to possess bitcoins. Maybe considering giving up your citizenship in that kind of state.

[–]littleboyblue 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Until you need to convert it and buy groceries with crypto. Until you can pay your bills and buy groceries will help, but the biggest hurdle now is converting fiat currency to and off ramps are heavily regulated. Maybe decentralized exchanges with crypto. Until you need to convert it and buy groceries will help, but the moment. I think crypto. Until you can pay your bills and from crypto, you can pay your bills and most normies will help, but they have become easier to use though they could improve

[–]Tortoise 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

Tbh, why do people insist on using shit payment processors still? Crypto is much more anon, immutable, and secure.

[–]Airbus320 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

😮

[–]Intuit 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

If it weren't so volatile they wouldn't need payment processors because average people and businesses would just hold crypto and never convert back to fiat.