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Author Topic: Premonition - Bitcoin skyrockets above 30$  (Read 5557 times)
tvbcof
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August 28, 2012, 12:01:08 AM
 #41

Just for the record, I closed my PayPal account...or will when they allow me to after my balance has been transferred.  This because they wanted proof of SSN, proof of address, and a photo ID.

I've got no big issue with the former two, but I'm not giving them my photo ID.  I'll not be using Mt. Gox if they want my photo ID either.  I guess from here forward I'll be using Craigslist and cash for odds-n-ends rather than E-Bay and PayPal.  And will re-visit developments in Bitcoin-land to see if anyone has overcome some of the lack-of-claw-back issue needed to protect buyers.


...

I'm glad you had good experiences with Paypal. Not everyone would would share your view of them.

I only hope to get people to see that there are some legitimate advantages which PayPal (and pretty much all mainstream systems) which Bitcoin lacks.  I feel that if people do not appreciate these and take steps to address them, they will be disappointed in their efforts.

PayPal is way high on my shit-list and I was/am planning to dump them, but that is because of the Wikileaks thing.  As a payment platform for _buying_ trinkets, it's fine.  So, again, if that is what people are hoping to use Bitcoin to compete with, beware.

...


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August 28, 2012, 08:18:24 AM
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I keep on waking up every morning, rolling over to the laptop and wondering if I'm going to see bitcoin's price at less than a dollar, kind of like the hack crash at MtGox in mid 2011.  There's an IRC log somewhere with Pirate claiming he has/had enough BTC to crash the price to $1.  Maybe that's playing on my mind.

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