I hear ya
Probably the worlds most scammy altcoin too LOOL. at least our devs can't freeze our funds whenever they feel like
Well, there have been altcoin devs which have put trojans, such as wallet stealers and keyloggers into their altcoins, allowing the dev's to straight up take the funds and also take anything else they can access from your PC. |
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Okay so paypal uses cryptography, what now? lol I think we were all well aware of this mister
I didn't see any theads discussing this altcoin, so I decided to make one since it is very popular. |
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They can sue me every time they want... if its that what you are saying.
Wow. The altcoin section is weird. You seem to think I'm a Ripple and PayPal shill just because I talked about them. |
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Yes and like Paypal they are thief's and lairs.. so you support them ?
These guys that fight against people freedom ? Who have frozen multiple accounts of journalist and donation transfer to people who do real work ?
If this the case here, then i really advice you to go to Ripple Forum because these guys like to see giving full control to a group or one person.
No actually I don't like PayPal, some older members here will know I was sued by PayPal/eBay for $30,000. Just because I want to discuss something doesn't mean I particularly like it. |
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XRP are just token nothing more, You can call "rocks" or useless paper also currency if you like.
If they want they can create even more XRP this is what you guys don't understand there is no marketcap.
You're right, they can. But this thread isn't about Ripple, it is about PayPal.com, so stay on topic please. |
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From that same page: XRP
XRP is the native currency of the Ripple network. It only exists within the Ripple system. XRP are currently divisible to 6 decimal places. The smallest unit is called a drop with 1 million drops equaling 1 XRP.[27] The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. XRP is a currency issued by a central authority, Ripple Labs. It is a cryptocurrency and it is not decentralized, similar to PayPal. |
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Ripple is not a cryptocurrency its a payment protocol. Don't just believe any newbie in here just because he has a big number underneath his avatar, they are all just here for cash and thats it.
What are you talking about? Ripple has its own currency, XRP. And I most definitely am not a "newbie". I am just making a point. |
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The original motivation that is still heavily a factor, is that if the alt coin section was removed, we would just have people spamming the rest of the boards with alt coin stuff. Essentially the same argument as having the Off Topic section. This is why I proposed the creation of a new forum. If we kick out altcoiners now, they'll have nowhere to go, but if we migrated the existing section to a new forum for them first hopefully the majority will go over there and won't spam up bitcointalk. It doesn't relate to Bitcoin, but its a place to put things that shouldn't go into "Bitcoin Discussion" or the likes. Another point is, people rush to call Alt Coins a scam, or that bad or seedy behavior from some Alt Coin players leaves a bad stigma on Bitcoin or something. That is sort of hypocritical, talking about Alt Coin scams is the same as talking about the Bitcoin scam because of Pirateat40, Nefario, or MtGox. I totally agree. PayPal is a cryptocurrency, their shady business practices shouldn't affect Bitcoin's reputation. Dev is a dutchbag What do you have against the dutch? My post isn't a shot at anyone in this thread in particular, but I've heard this argument so many times before, and it really still baffles me reading people's philosophies in other threads, and then seeing how quick they are to turn and prosecute Alt Coins for the children! or to prevent terrorism! or whatever else people want to yell to rally support. If you want to end what is bad with Alt Coins, do it with education and your bitcents. But I'm not doing that. Don't get me wrong I'm not an "altcoiner" and my reasons for that is I do not see a compelling reason to use one, nor do I know of any altcoins that I trust. I am of the opinion bitcointalk should be mainly about discussion of Bitcoin, and other cryptocurrencies whether they be Litecoin, PayPal, ApplePay or Dogecoin should be mainly discussed on their own forums. I think that BitcoinTalk has gone offtopic. |
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You are long enough on bitcointalk to know that to earn the name Cryptocurrency, you will need you to get a decentral way which can't be shutoff or destroyed with one mouse click.
So please take your Paypal and stick it up your arse.
But Ripple is centralized (distributed) so if as you say cryptocurrencies need to be decentralized, how come Ripple is a cryptocurrency?  And how about some altcoins such as inncoin which has a central issuing authority becuase it is backed by gold? how come that is a cryptocurrency? Lastly, BitcoinEXpress can 51% attack many altcoins with one click, temporarily shutting them down, and he/she has done so many times in the past. The word "cryptocurrency" means a currency that uses cryptography. Has nothing to do with decentralization, Satoshi was quite clear that Bitcoin was a "decentralized cryptocurrency". I'm just making a point, PayPal is a cryptocurrency. |
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No its not.... please go away with your nonsense
No PayPal is most definitely a cryptocurrency. Please explain why I am wrong. |
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I think there's a way to reduce spam on Altcoin Section.
"Newbie accounts shouldn't be able to post in this section".
If At least JR Members post in this section, it'll be better.
These Newbies tries to FUD coins, And puts money into scam shitcoins etc.
If they can't see/post till they became JR, At least they learn a bit of what bitcoin really is.
Problem is the spammers already have hundreds of accounts and they post in all sections. |
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This thread will serve as a discussion thread for PayPal.com - an alternative cryptocurrency (altcoin).
Paypal is a service that uses cryptography (SSL) to authenticate payments of many different fiat currencies. It is one of the oldest altcoins around.
All PayPal.com discussion may go here.
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People are often tempted to dictate what other people can and cannot do. It is a temptation to be resisted. I prefer to make my own decisions about what to view and what to ignore. I do not share OP's value judgments. One size does not fit all, even when intentions are the best (especially when intentions are the best, imho).  The Ignore Poster button is a wonderful thing. Extending its granularity is a welcome development. An old joke comes to mind because it seems to fit the situation: An old lady repeatedly phones the police to complain about the carryings-on next door that she sees from her window. The exasperated officer taking the calls finally suggests that she just draw her curtains. She replies "yes, but I can still see them if I peek through the corner". Seems like many repliers here are taking me up wrong. This is BitcoinTalk, I think it makes sense for the main topic to be about Bitcoin and not other projects/currencies, does it not? One could argue PayPal is an altcoin because it is a service that uses cryptography (SSL) to authenicate payments of fiat currencies. Maybe we should have a PayPal section too? |
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Just a thought, what if I sell some stupidly large random number (private key) or corresponding QR picture. Mere coincidence, perhaps, that a bitcoin is sitting on that private key in a "blockchain" -- whatever that is The customer can place ~$350 on the table and I hand over the qr code. What the customer does with that number has no concern to me. In this case I believe sales tax would have to be charged for the QR code as a consumer good. Probably only works for in-person trades. They'd probably try and nail you by saying that you funding the address was the "money transmission" and that the qr code was a payment instrument. |
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Their browser and OS suck, their search engine has turned to shit in recent years
I agree. However, Android is pretty cool even though lots about it does suck. Chrome does have amazing security features even though it leaks tons of information, spies on you and it's behavior is wildly unpredictable. The chromebooks, while overpriced do look nice too, the super high res one is pretty goddamn amazing. The search engine has definitely gone downhill recently IMO, but still no other search engine comes close to having as good results. If you need Android programs, just find and download APK files to transfer to your Android device for installation.
if you manually install the APK, you'll need to manually install future updates for the app. inb4 heartbleed/shellshock 2.0. |
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thepiratebay.ee looks to be legitimate though I can't be sure. It's blocked in the UK, use Tor to access it. They had a Tor hidden service too, anyone have the URL for it? maybe thats still up too. (EDIT: its down too, http://jntlesnev5o7zysa.onion/) |
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We need to hear from Marco on this one. Marco? Can you please comment? This is crazy BS if true. OK - if the guy was actually doing a heavy money laundering scheme - throw him away for a few years. But if this is a simple crackdown on a bitcoin exchange for no other reason than failure to get money transmitter license then "Holy shit!". I have to believe his deals were with some bad actors and he knew it. Something like that.
He pleaded guilty, so I'm just guessing that this was part of a plea deal. If so, then the details of what actually happened might be difficult to come by. Yep, he was also charged with possession of less than 50 kilos of marijuana with intent to distribute but that charge was dropped as part of the plea deal, so I'm assuming there is more to this case. |
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What appears to have happened is bc.info rolled out a new update to address some of the security issues pointed out by the bitcoin.org people and the new update introduced a RNG bug, which is REALLY bad and something that should NOT have slipped through, but in their defense RNG bugs aren't something you can easily test for. BC.info are taking full responsibility and reimbursing everyone affected so kudos for that, but they should have stricter code audits and procedures in place to prevent bonehead mistakes like this in the future. |
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Oh $#!T, I think I know who that is.  I'm certain he would not want me to name him, but I know a guy in that area with a sick mine. If it is who I think, there could be more to this story than a mine. It says he was running an exchange. It's not the guy I thought. He did not run an exchange, he had a few buyers to work with directly. But his mine was impressive when I saw it a few years back. I'm in northern Illinois (quite a bit north of the Bloomington-Normal area where this guy was from). As far as I know I haven't ever encountered him (which is surprising if he was moving over a million dollars of bitcoin). I've been working on getting a Money Service Business license specifically because I was concerned about this possibility. As soon as I realized that this was an issue in Illinois, I stopped all significant bitcoin exchanging and now only purchase for my own use (at sites like Chicago Sun Times, Overstock, Tiger Direct, Expedia, etc). I've been trying to figure out what license I need and what the requirements are to get it for about 10 months now. You'll likely need to get a license in every state you do business in, so if you buy/sell bitcoins with someone in California, you need a license there too. Typically costs in excess of $100k and you should definitely see a lawyer about it. PayPal operated as an unlicensed money transmitter in a couple of states for many years and were never charged, regulators know that the system is broken. Thats why I'm pretty shocked at how bad this guy got it, there must be more to this case. |
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