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>PayPal is a private company and can choose not to process payments for anyone, for any reason. The Fed/ACH doesn't have the same issues because they are a serv
by Acrobatic_Road 7y ago
>PayPal is a private company and can choose not to process payments for anyone, for any reason. The Fed/ACH doesn't have the same issues because they are a service in the public interest. They will process payments for anything legal for 1/10th of a cent each over the span of a couple of business days. By the end of the year, instantly, via RTP.
Sure, PayPal is a private company and can do what they want. That doesn't mean they don't censor individuals. You said nobody ever got censored except for illegal deeds so I pointed out how that is wrong.
Also, can an ordinary guy open a bank account at the federal reserve? I don't believe so so your point is moot.
>Luckily being a public institution remediation exists through the courts.
How about why the hell should we allow this kind of behavior in the first place? You shouldn't need millions in legal fees to participate freely in the economy. Most people couldn't even pay that.
>Take it up with your government. That's how government works. You don't like it, change it, don't circumvent it.
Why? If the policy is not moral there is no good reason to follow it. Civil disobedience. Besides, you see this changing any time soon?
>No, they're expected to overturn the government. Freedom isn't free, and all that.
Oh great. Who will pay for that?
>In fact, I'd be more worried about transacting on the indelible public (pseudonymous) blockchain than transacting in say, cash, if I didn't want the government to know what I was doing. You don't think the PRC would build automatic deanonymization tooling?
Luckily there is Monero which provides actual privacy.
- arcticbull 7y ago> Oh great. Who will pay for that? Are you kidding me?
- Acrobatic_Road 7y agoHow will a revolution against an authoritarian government be funded if the money system is surveilled and censored?