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Why do people still require PayPal in this day and age? Even if it's needed, why are your funds on there? I use Revolut, but make sure to keep more than enough

by Laaas 4y ago

Why do people still require PayPal in this day and age? Even if it's needed, why are your funds on there? I use Revolut, but make sure to keep more than enough as USDC to secure myself against arbitrary freezes.

colesantiago 4y ago
Crypto, Bitcoin, USDC or any speculative vapourware tokens is absolutely not the answer here, please stop suggesting it.
- deleted 4y ago
  [deleted]
- tifadg1 4y ago
  one side is speculative vapourware tokens, the other side is prayers and hoping you're not flagged by algos.
- przeor 4y ago
  The telephone, the internet, and crypto share one thing in common. Each technology improves on the next in terms of its ability to facilitate fraud. As such, I was initially a crypto skeptic, but after studying some of the more interesting crypto projects, I have come to realization world must evolve
  - tirpen 4y ago
    Yes, if you only look at the downsides, the three inventions might be kind of comparable like that. The difference is of course that the first two have beneficial uses as well.
    - boring_twenties 4y ago
      This very post is a perfect example of the benefits of decentralized, peer to peer electronic cash.
    - przeor 4y ago
      I know thousands of people who benefited from crypto, many individually. 99% of them are outside USA
- rom-antics 4y ago
  Bitcoin maybe, but what's wrong with USDC? It's US-based, regulated and audited. Is this a case of guilt by association?
  - nicce 4y ago
    It is not government backed.
    - rom-antics 4y ago
      Keeping in mind the context of this thread, neither is Paypal.
      - deleted 4y ago
        [deleted]
- Laaas 4y ago
  USDC is not speculative? It's a stablecoin. Gold would also be a solution but its illiquidity makes it impractical.
- logicalmonster 4y ago
  Are you the emperor of the world that has the right to tell people what to do? Crypto solves some of the specific problems that people repeatedly have dealing with mega-corporations and/or fiat currencies. HackerNews has the collective memory of a goldfish when it comes to crypto. We constantly see peoples' money being stolen and messed with, but then a smug elitist comes out of nowhere and says "Well, ackshually, there's no possible use case for crypto." Absolutely disgusting that we cannot learn from history.
  - colesantiago 4y ago
    > Crypto solves some of the specific problems that people repeatedly have dealing with mega-corporations and/or fiat currencies. Which are? > We constantly see peoples' money being stolen and messed with, but then a smug elitist comes out of nowhere and says "Well, ackshually, there's no possible use case for crypto." Yes, with the same 'smug elitists' building, funding crypto exchanges built as a giant ponzi scheme that inevitably crashes and burns to the ground and lose everyone's money in the process. Maybe it isn't a good idea to try and speedrun all the asset bubbles of financial history. > Absolutely disgusting that we cannot learn from history. Tulip Mania (1634) The South Sea Bubble (1720) Comic book speculation bubble (1985-1993) Beanie Babies Bubble (2000) They all end in the same way.
    - logicalmonster 4y ago
      I notice you didn't respond to my question about whether or not you're the emperor of the world who has the right to tell people what to do. Please clarify if you are or are not. I certainly wouldn't want to disrespect his or her majesty. > Which are? You are literally responding in a thread about money being allegedly stolen from a non-profit by a mega-corporation. Are you pretending to not see a possible use-case for crypto in any arc of this story? Sad! Many such cases. > Yes, with the same 'smug elitists' building, funding crypto exchanges built as a giant ponzi scheme that inevitably crashes and burns to the ground and lose everyone's money in the process. The problems with centralized exchanges are not problems with crypto in and of itself. The crypto way of thinking about exchanges is actually "Not your keys, not your coins". > Maybe it isn't a good idea to try and speedrun all the asset bubbles of financial history. There's many reasonable debates and disagreements about how you define crypto and what it currently is and what it will be, but there's significant qualitative differences between crypto and these other examples. For instance, a farmer can grow more tulips and flood the market. Or a tulip easily ages and dries out and has no value. But there can only ever be 21 million Bitcoins, and they exist forever. A beanie baby sort of just sits on a shelf, collecting dust, and silently judging you. But crypto has amazing possible real world utility without even thinking about its value as money, such as being a decentralized programmable tool.
deleted 4y ago
[deleted]

by Laaas 4y ago

colesantiago 4y ago

Crypto, Bitcoin, USDC or any speculative vapourware tokens is absolutely not the answer here, please stop suggesting it.

deleted 4y ago
[deleted]
tifadg1 4y ago
one side is speculative vapourware tokens, the other side is prayers and hoping you're not flagged by algos.
przeor 4y ago
The telephone, the internet, and crypto share one thing in common. Each technology improves on the next in terms of its ability to facilitate fraud. As such, I was initially a crypto skeptic, but after studying some of the more interesting crypto projects, I have come to realization world must evolve
- tirpen 4y ago
  Yes, if you only look at the downsides, the three inventions might be kind of comparable like that. The difference is of course that the first two have beneficial uses as well.
  - boring_twenties 4y ago
    This very post is a perfect example of the benefits of decentralized, peer to peer electronic cash.
  - przeor 4y ago
    I know thousands of people who benefited from crypto, many individually. 99% of them are outside USA
rom-antics 4y ago
Bitcoin maybe, but what's wrong with USDC? It's US-based, regulated and audited. Is this a case of guilt by association?
- nicce 4y ago
  It is not government backed.
  - rom-antics 4y ago
    Keeping in mind the context of this thread, neither is Paypal.
    - deleted 4y ago
      [deleted]
Laaas 4y ago
USDC is not speculative? It's a stablecoin. Gold would also be a solution but its illiquidity makes it impractical.
logicalmonster 4y ago
Are you the emperor of the world that has the right to tell people what to do? Crypto solves some of the specific problems that people repeatedly have dealing with mega-corporations and/or fiat currencies. HackerNews has the collective memory of a goldfish when it comes to crypto. We constantly see peoples' money being stolen and messed with, but then a smug elitist comes out of nowhere and says "Well, ackshually, there's no possible use case for crypto." Absolutely disgusting that we cannot learn from history.
- colesantiago 4y ago
  > Crypto solves some of the specific problems that people repeatedly have dealing with mega-corporations and/or fiat currencies. Which are? > We constantly see peoples' money being stolen and messed with, but then a smug elitist comes out of nowhere and says "Well, ackshually, there's no possible use case for crypto." Yes, with the same 'smug elitists' building, funding crypto exchanges built as a giant ponzi scheme that inevitably crashes and burns to the ground and lose everyone's money in the process. Maybe it isn't a good idea to try and speedrun all the asset bubbles of financial history. > Absolutely disgusting that we cannot learn from history. Tulip Mania (1634) The South Sea Bubble (1720) Comic book speculation bubble (1985-1993) Beanie Babies Bubble (2000) They all end in the same way.
  - logicalmonster 4y ago
    I notice you didn't respond to my question about whether or not you're the emperor of the world who has the right to tell people what to do. Please clarify if you are or are not. I certainly wouldn't want to disrespect his or her majesty. > Which are? You are literally responding in a thread about money being allegedly stolen from a non-profit by a mega-corporation. Are you pretending to not see a possible use-case for crypto in any arc of this story? Sad! Many such cases. > Yes, with the same 'smug elitists' building, funding crypto exchanges built as a giant ponzi scheme that inevitably crashes and burns to the ground and lose everyone's money in the process. The problems with centralized exchanges are not problems with crypto in and of itself. The crypto way of thinking about exchanges is actually "Not your keys, not your coins". > Maybe it isn't a good idea to try and speedrun all the asset bubbles of financial history. There's many reasonable debates and disagreements about how you define crypto and what it currently is and what it will be, but there's significant qualitative differences between crypto and these other examples. For instance, a farmer can grow more tulips and flood the market. Or a tulip easily ages and dries out and has no value. But there can only ever be 21 million Bitcoins, and they exist forever. A beanie baby sort of just sits on a shelf, collecting dust, and silently judging you. But crypto has amazing possible real world utility without even thinking about its value as money, such as being a decentralized programmable tool.

deleted 4y ago

[deleted]