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“unknowability of what is on the platform”. What's PayPal got to do with that anyway, considering that they admit the business is legitimate?
by beshrkayali 12y ago
“unknowability of what is on the platform”. What's PayPal got to do with that anyway, considering that they admit the business is legitimate?
- sbarre 12y agoIt's a bullshit answer, so don't expect to find any real rationalization behind it.
- mike_hearn 12y agoIt doesn't matter that the business is legitimate. The US Treasury has almost unlimited power to fine or imprison people who move money on the flimsiest of pretexts - and they use it. Look up "Operation Chokehold" for an example but there are many more. PayPal is attempting to insulate itself from political pressure that can be brought to bear on them in future if they continue to serve Dotcom (and/or their banking partners). Nothing more complex than that. Rule of law does not apply in the banking world.
- EdwardDiego 12y ago> Look up "Operation Chokehold" for an example but there are many more. Did you mean Operation Chokepoint? I can't find anything for Chokehold, but Chokepoint yields a bunch of pressure on pay-day lenders.
- beshrkayali 12y agoI'm not sure what's Mega's involvement in moving money here, or maybe I don't get it. It seems more of not-being-able-to-bypass-encryption issue which is probably more alarming, since I'd infer that, if the US Treasury is the entity putting pressure on PayPal, then who's putting pressure on the US Treasury?