New PayPal gamification feature: $2,500 fee per speech violation 🤡 \ stacker news ~bitcoin

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114 sats \ 1 reply \ @blocktock 3 Oct 2022

Only going to push people into utilising censorship resistant money. This is going to be Bitcoin's biggest advertisement, besides number go up 👆

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104 sats \ 0 replies \ @cryptocoin 3 Oct 2022

Yup, and it appears PayPal thinks they are stronger than the (reverse) network effect.

One vendor bailing on PayPal (simply so as to not even be at risk of having their funds confiscated) can result in many of that vendor's customers bailing as well if that vendor was the only reason they used PayPal in the first place.

Will be happy to see PayPal shrink further into disuse and irrelevance.

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106 sats \ 0 replies \ @pi 3 Oct 2022

“The last two weeks have been a nightmare as I’ve scrabbled to try to stop The Daily Sceptic and Free Speech Union going under. PayPal’s software was embedded in all our payment systems, so the sudden closure of our accounts was an existential threat.”

Extremely naive to believe that you can run websites promoting and exercising free speech, and be so much dependant on Paypal, a company with a track record in cancelling dissident thinkers!

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