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Author Topic: Paypal. Is. Scared.  (Read 2543 times)
commandrix
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September 17, 2014, 01:01:41 AM
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They're running attack ads on Apple's new payment system. COMPLETELY ignoring the fact that Paypal is as hackable as any online system and COMPLETELY ignoring the fact that they often shut down member accounts just so they can keep the money. http://www.wired.com/2014/09/paypals-attack-ad-shows-apples-power-inspire-fear-loathing/?mbid=social_fb
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September 17, 2014, 01:26:35 AM
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They should be scared. They are a shitty company that steals and locks accounts for no reason. I haven't seen any attack ads personally but the one listed on that site is weak.

Hopefully Google Wallet and Apple Pay will take away their grasp on online payments and p2p transfers.
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September 17, 2014, 01:27:41 AM
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but they are reliable in that you can dispute payments and get refunds, something which still leaves the bitcoin open to scammers...still.
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September 17, 2014, 01:32:56 AM
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scared? i don't think so but it look like a political election. Don't show how good you are, show how bad the other is. Typical advertising by a company that nothing more to offer than the other one.

never had a problem with paypal. still use it but carefully.
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September 17, 2014, 01:39:57 AM
 #5

Bitcoin was like...



and Paypal was like...

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September 17, 2014, 02:05:02 AM
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I am not sure that I have heard any incident regarding the security concerns over PayPal, so still a safe bet. Cool Cool

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September 17, 2014, 02:05:41 AM
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plus you can't buy drugs or guns with paypal...yet!
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September 17, 2014, 02:07:52 AM
 #8

They should be scared. They are a shitty company that steals and locks accounts for no reason. I haven't seen any attack ads personally but the one listed on that site is weak.

Hopefully Google Wallet and Apple Pay will take away their grasp on online payments and p2p transfers.
True enough this may be apple were talking about and while they compete with bitcoin the fact that were seeing some serious movement in the field because Bitcoin is shaking things up is good for all consumers in the end.
Plus paypal is a beech.
snappa4ever
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September 17, 2014, 03:16:47 AM
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They should be scared. They are a shitty company that steals and locks accounts for no reason. I haven't seen any attack ads personally but the one listed on that site is weak.

Hopefully Google Wallet and Apple Pay will take away their grasp on online payments and p2p transfers.
They lock accounts because they cannot be certain as to who "owns" certain money in the account due to their charge backs policies. I think this will ultimately lead to the demise of paypal because someone with a balance in their account does not truly know if they will be able to actually spend the money. It is like having a transaction be "unconfirmed" for months while having the possibility of a "double spend" against your account.

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RISE
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September 17, 2014, 03:22:35 AM
 #10

Never mind. Anyway, I do not use palpay and apple  Roll Eyes
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September 17, 2014, 05:00:07 AM
 #11

They should be scared. They are a shitty company that steals and locks accounts for no reason. I haven't seen any attack ads personally but the one listed on that site is weak.

Hopefully Google Wallet and Apple Pay will take away their grasp on online payments and p2p transfers.
They lock accounts because they cannot be certain as to who "owns" certain money in the account due to their charge backs policies. I think this will ultimately lead to the demise of paypal because someone with a balance in their account does not truly know if they will be able to actually spend the money. It is like having a transaction be "unconfirmed" for months while having the possibility of a "double spend" against your account.


Well crafted answer. This hits the nail on the head regarding paypal. While basically describing how the fundamentals of how bitcoin and a new business model is born.

Bitcoin does seem like it has quite a lot of potential to change the world drastically if it can take hold.
Gargulan
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September 17, 2014, 05:04:52 AM
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Between Apple pay and bitcoin, Paypal days are numbered.
BIT-Sharon
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September 17, 2014, 05:11:47 AM
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Bitcoin is not scared, it is unique.
master-P
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September 17, 2014, 05:12:42 AM
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It would be great to see Bitcoin and cryptos take over heavily flawed centralized currency and payment systems like PayPal in the next 5-10 years.

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September 17, 2014, 05:18:07 AM
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interesting to say the least.
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September 17, 2014, 05:55:06 AM
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Bitcoin does seem like it has quite a lot of potential to change the world drastically if it can take hold
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September 17, 2014, 06:03:37 AM
 #17

Paypal would own alot of Bitcoin

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koshgel
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September 17, 2014, 06:16:43 AM
 #18

They should be scared. They are a shitty company that steals and locks accounts for no reason. I haven't seen any attack ads personally but the one listed on that site is weak.

Hopefully Google Wallet and Apple Pay will take away their grasp on online payments and p2p transfers.
They lock accounts because they cannot be certain as to who "owns" certain money in the account due to their charge backs policies. I think this will ultimately lead to the demise of paypal because someone with a balance in their account does not truly know if they will be able to actually spend the money. It is like having a transaction be "unconfirmed" for months while having the possibility of a "double spend" against your account.

Great description.

They will also reverse transactions and put you into the red if they think there is ANY suspicious activity. The money in the accounts is not really yours and at any moment can be taken away from you under broad reasons of suspicion. Hopefully people realize these downfalls and stop using them altogether. 
CtrlAltBernanke420
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September 17, 2014, 06:46:19 AM
 #19

They should be scared. They are a shitty company that steals and locks accounts for no reason. I haven't seen any attack ads personally but the one listed on that site is weak.

Hopefully Google Wallet and Apple Pay will take away their grasp on online payments and p2p transfers.
They lock accounts because they cannot be certain as to who "owns" certain money in the account due to their charge backs policies. I think this will ultimately lead to the demise of paypal because someone with a balance in their account does not truly know if they will be able to actually spend the money. It is like having a transaction be "unconfirmed" for months while having the possibility of a "double spend" against your account.

Great description.

They will also reverse transactions and put you into the red if they think there is ANY suspicious activity. The money in the accounts is not really yours and at any moment can be taken away from you under broad reasons of suspicion. Hopefully people realize these downfalls and stop using them altogether. 

Paypal could taken over by the govt and when the system collapses the govt could be the vendor and we be the buyers and they could regulate resources that way. Just an idea..
OrientA
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September 17, 2014, 09:05:07 AM
 #20

Between Apple pay and bitcoin, Paypal days are numbered.

The user base of Apple pay is too small.
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