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Anonymous
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May 02, 2011, 05:41:53 AM |
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With coinpal being shut down has anyone noticed an increase in account suspensions of people who bought or sold bitcoins using the service ? Would it not be easy for paypal to know who the customers are and then mass ban anyone who traded for bitcoins?  |
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steelhouse
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May 02, 2011, 06:04:36 AM |
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With coinpal being shut down has anyone noticed an increase in account suspensions of people who bought or sold bitcoins using the service ? Would it not be easy for paypal to know who the customers are and then mass ban anyone who traded for bitcoins? I highly doubt they would do that. They only want to stop bitcoin use, they don't want to cut their customer base. Paypal is always first to go, as in the poker world. They just don't want to be part of the bitcoin system legal or not. |
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colossus
Full Member
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Activity: 121
Merit: 100
Obey me and live or disobey and die.
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May 02, 2011, 06:27:46 AM |
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This is indeed bad, coinpal was simple no thrills exchange cash for coins, plus paypal was a nice method to convert the coins into useable cash that could appear at the ATM. I'm not sure why they frooze his account really if he has cash to give away in exchange for btc isn't that his prerogative, no doubt it was the volumes both large and small that drew attention, perhaps this is a temporary thing time will tell.  |
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AmpEater
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May 02, 2011, 12:38:16 PM |
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This is indeed bad, coinpal was simple no thrills exchange cash for coins, plus paypal was a nice method to convert the coins into useable cash that could appear at the ATM. I'm not sure why they frooze his account really if he has cash to give away in exchange for btc isn't that his prerogative, no doubt it was the volumes both large and small that drew attention, perhaps this is a temporary thing time will tell.
Competition. Paypal got wise and realized they were helping a competitor bootstrap itself into existence. |
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tomcollins
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May 02, 2011, 01:16:35 PM |
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This is indeed bad, coinpal was simple no thrills exchange cash for coins, plus paypal was a nice method to convert the coins into useable cash that could appear at the ATM. I'm not sure why they frooze his account really if he has cash to give away in exchange for btc isn't that his prerogative, no doubt it was the volumes both large and small that drew attention, perhaps this is a temporary thing time will tell.
Competition. Paypal got wise and realized they were helping a competitor bootstrap itself into existence. It's more likely they would have trouble with regulations than they are scared. |
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Ricochet
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May 02, 2011, 02:23:33 PM |
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I used CoinPal twice and so far my account remains active. I'm hoping that this doesn't change in the near future.
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Mahkul
Sr. Member
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Activity: 434
Merit: 251
Every saint has a past. Every sinner has a future.
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May 02, 2011, 02:52:14 PM |
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If you're buying through BitMarket, Paypal has no way of knowing what you paid for. And we are certainly not going to disclose this information to them under any circumstances.
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Anonymous
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May 03, 2011, 06:57:27 AM |
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If you're buying through BitMarket, Paypal has no way of knowing what you paid for. And we are certainly not going to disclose this information to them under any circumstances.
tell them you bought carrots  |
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zby
Legendary
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Activity: 1592
Merit: 1001
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May 03, 2011, 07:37:05 AM |
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With coinpal being shut down has anyone noticed an increase in account suspensions of people who bought or sold bitcoins using the service ?
Would it not be easy for paypal to know who the customers are and then mass ban anyone who traded for bitcoins?
They cannot do anything too obvious - if the story breaks that they are afraid of bitcoin this would validate our currency immensely. |
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FreeMoney
Legendary
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Activity: 1246
Merit: 1016
Strength in numbers
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May 03, 2011, 07:50:59 AM |
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With coinpal being shut down has anyone noticed an increase in account suspensions of people who bought or sold bitcoins using the service ? Would it not be easy for paypal to know who the customers are and then mass ban anyone who traded for bitcoins? For what purpose? Making sure they use BTC only and demand BTC services and shops? k, thx PP. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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marcus_of_augustus
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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May 03, 2011, 11:32:15 PM |
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I think we should start a book on the date for when PayPal officially folds, Chap. 7 or 11. ... they have made so many backward looking moves for a supposed "tech. company" I just can't see them being around that long, at least in the money business. Maybe they are already technically insolvent and that is why they are so govt, risk averse? Doesn't speak of a strong corporation.
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FooDSt4mP
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May 03, 2011, 11:51:45 PM |
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I think we should start a book on the date for when PayPal officially folds, Chap. 7 or 11. ... they have made so many backward looking moves for a supposed "tech. company" I just can't see them being around that long, at least in the money business. Maybe they are already technically insolvent and that is why they are so govt, risk averse? Doesn't speak of a strong corporation.
Paypal is owned by Ebay. I don't see that falling any time soon. Sure, you used to be able to pay for auctions in other ways, but since the acquisition, Ebay has made non-paypal payment methods increasingly difficult. Of course, putting up arbitrary walls to foster your own interests is the best way to make room for competition. I guess it could happen if they get too paranoid. |
As we slide down the banister of life, this is just another splinter in our ass.
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Littleshop
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Activity: 1386
Merit: 1004
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May 04, 2011, 01:52:58 AM |
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I think we should start a book on the date for when PayPal officially folds, Chap. 7 or 11. ... they have made so many backward looking moves for a supposed "tech. company" I just can't see them being around that long, at least in the money business. Maybe they are already technically insolvent and that is why they are so govt, risk averse? Doesn't speak of a strong corporation.
Do it. But I would bet they would live a long time as much as I dislike them. Even if Dwolla, facebook money and Bitcoin start to make inroads it will take years to unseat PreyPal. As long as eBay and PrayPal are linked block out others in the auction space one near monopoly supports another. |
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mndrix
Michael Hendricks
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Activity: 447
Merit: 258
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May 04, 2011, 10:25:14 PM |
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With coinpal being shut down has anyone noticed an increase in account suspensions of people who bought or sold bitcoins using the service ?
As far as I can tell, PayPal hasn't frozen the accounts of any of my customers. |
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Tukotih
Member
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Activity: 70
Merit: 10
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May 18, 2011, 08:25:33 AM |
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Lol, good competition made them scared, desperate and impulsive  |
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Cdecker
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May 18, 2011, 09:53:48 AM |
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As far as I can tell, PayPal hasn't frozen the accounts of any of my customers. I can confirm that, so far nothing changed on my account. Hope your account will be returned to you and you don't lose anything. |
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