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Author Topic: This is why centralised services are "bad"™...  (Read 196 times)
Dread Pirate Roberts
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June 03, 2021, 11:05:51 PM
 #21

Larry Brandt, a guy who spends a lot of time and money running Tor nodes, has had his Paypal account shut down without opportunity for appeal and they won't even give a specific answer as to why this has happened! Shocked Undecided

Sound familiar? It sounds like a lot of the posts in the "scam accusation" thread regarding various centralised service providers (gambling sites and exchanges etc). At least Larry has the chance of getting his funds back after 180 days Roll Eyes


Even though in 6 months he got his money back. but still his plans have definitely changed from what was planned, btw from of the many centralized services I think paypal for me is the last choice to used or don't even need to use it at all. Assets are held for long periods of time and there is nothing you can do about it and its only cause headaches, frustration and stress.
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June 03, 2021, 11:52:40 PM
 #22

I also see that it is a complete violation of customer rights and censorship. Paypal must improve its services as soon as possible now that blockchain technology is booming and companies are looking for a solution in offering more to their customers with Paypal.
If not, there will be others, even though they are not as big as Paypal, that will displace it.

Looking for opinions on Twitter, I found the following.

https://twitter.com/torproject/status/1400487172554121218?s=19

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June 04, 2021, 01:04:10 AM
 #23

This is insane. I don't think that it is legal to shutdown someone's account without any valid reasons to do so, unless there is one.
But honestly, let's say there was a violation made by the account holder. They should state or inform them with complete details why they had or^ they have to shutdown the account.

This is totally a violation on the side of Paypal. As a Financial Institution, they have to ensure that everything are disclosed properly. Not just that, the trust given to them is something that they have to keep.

On this part, we can tell that Paypal will soon feel the backfire of what they did.

..Stake.com..   ▄████████████████████████████████████▄
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