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Author Topic: 2012-06-23 torrentfreak.com - PayPal Bans BitTorrent Friendly VPN Provider  (Read 1232 times)
k
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June 23, 2012, 10:33:27 PM
 #1

http://torrentfreak.com/paypal-bans-bittorrent-friendly-vpn-provider-120622/

Not about Bitcoin per se but gets a nice mention at the end of the article and appears multiple times in the comments.
Quote
“Those who are serious about private payment solutions should consider one of the many alternatives like Prepaid VISA cards, OKPAY, Bitcoins, and other ewallet services,” Jason concludes.

Also multiple mentions of Bitcoin in the Hacker News comments discussing this article
http://news.ycombinator.com/item?id=4151270
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June 24, 2012, 06:05:18 AM
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The VPN provider in question, https://torguard.net/, already accepts Bitcoin.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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June 24, 2012, 06:16:23 AM
 #3

The VPN provider in question, https://torguard.net/, already accepts Bitcoin.
maybe paypal banned them cause they say "100% Server uptime Guarantee" Which is pretty much impossible

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June 24, 2012, 08:49:59 AM
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maybe paypal banned them cause they say "100% Server uptime Guarantee" Which is pretty much impossible
No it isn't. Legally, a "guarantee" is just a promise to pay a certain amount of money if they can't meet their obligations. So presumably, their 100% server uptime guarantee means they'll compensate users no questions asked if the server ever goes down (though the liability limitation in their TOC specifically excludes "damages", so any compensation would be limited to just a refund). Seems perfectly reasonable to me. It's like those 100% customer satisfaction guarantees: it doesn't mean 100% of customers will be satisfied, just that the ones who aren't satisfied will get their money back.

Will pretend to do unverifiable things (while actually eating an enchilada-style burrito) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4
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