er
8 years ago in #bitcoin by bitcoinflood (79)
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screw paypal! ;) upvoted!
Care to share how that happened? Not sure how somebody who's not some major figure or con could be singled out as "high risk".
I think 1-2 years ago it was anyone in online marketing with digital products was pretty much kicked from using Paypal and considered "high risk" after doing business with them for 15 years with a less then 0.05% chargeback they kicked me and many others. It came down to a judge ruling that paypal should be held liable for fraudulent charges instead of the seller.
PayPal has always been clowns. I guess that's what happens when the founders leave. The Blockchain is here to save us from PayPal and their shady high fees. ;)
Ah, bummer.
This sounds, shady... I liked paypal, but then they started messing around too much, now days I feel like they are super unreliable...
Paypal is sponsoring a Utrust event in Amsterdam in April i think. Fun fact. Don't know if that matters to anyone here.
I'm trying to wrap my head around it.. I have a couple of questions on this actually:
Is it supposed to have private key shared between buyers and sellers? Wouldn't that increase the chances of fraud?
And if the point of the swapping private keys is about fast transaction, isn't it counterproductive to create secondary wallet with that exact amount of coins and then swapping the keys?
It seems really weird to me it sounds like you pay via bitcoin but the money is put into a wallet and you then give them the key to that wallet to unlock it. Its really weird and seriously seems like a crap system to me where you are just creating millions of wallets and keys for no reason. If anything I see it cluttering up the system unless it is not on the blockchain and sits outside of it (could also be the case from what I am reading)
awesome way to present upvoted <3
deal with paypal can the biggest project in crypto, i think its real to be coming fast
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help me, i just joined in steemit
Hi. I liked your post, keep it up. I wish you good luck and have a good day. :)
Oh boy, is there no limit to PP's shady practices? To me they seemed more considerate with their customers before eBay bought them. I have no idea if the change in behavior is encouraged by the owners or they just feel superior and untouchable.
But it's unacceptable, and we're lucky it won't last for too long, new era is coming.