News for hackers. Stuff that matters.
Re:PayPal has permanently banned The Hacker News and hold fu... by arisAlexis on Saturday December 29, 2018 @11:00AM (#18784154)
you are kind of asking for it... :) Bitcoin
Re:PayPal has permanently banned The Hacker News and hold fu... by iforgotpassword on Saturday December 29, 2018 @11:32AM (#18784312)
That excludes the regular person part.
Re:PayPal has permanently banned The Hacker News and hold fu... by endless1234 on Saturday December 29, 2018 @11:27AM (#18784280)
...how do you get bitcoin without some kind of a third party?
Re:PayPal has permanently banned The Hacker News and hold fu... by adrianhel on Saturday December 29, 2018 @11:51AM (#18784406)
How do you get money without some kind of third party?

What's positive is that there is no monopoly with regards to who can be that third party.

Re:PayPal has permanently banned The Hacker News and hold fu... by hikergirl1234 on Saturday December 29, 2018 @12:28PM (#18784633)
Sell a good/service and receive payment in Bitcoin
Re:PayPal has permanently banned The Hacker News and hold fu... by root_axis on Saturday December 29, 2018 @01:02PM (#18784812)
That's not really a practical way to acquire bitcoin since there is very little economic activity in the cryptocurrency world besides trading various cryptocurrencies. I know this first-hand since the e-commerce startup I work for brings in roughly 300k USD in sales monthly, with bitcoin sales never having exceeded $80.00 USD worth of value and often none at all.
Re:PayPal has permanently banned The Hacker News and hold fu... by mascot6699 on Saturday December 29, 2018 @01:49PM (#18785060)
May I ask where you work? And also, why bitcoin? It's a slow cryptocurrency right?! Do you make users to wait for confirmation(about 30-40 mins)? You could experiment with fast Altcoins and convert to Bitcoin eventually.
Re:PayPal has permanently banned The Hacker News and hold fu... by root_axis on Saturday December 29, 2018 @02:08PM (#18785168)
I'd prefer not to attract any attention from my postings to my employer, but it's a small shop, nothing noteworthy.

> why bitcoin? It's a slow cryptocurrency right?! Do you make users to wait for confirmation(about 30-40 mins)?

Those decisions are outside of my responsibilities, but we use bitpay to accept bitcoin payments so it all works in real time. I suppose bitcoin was selected because it's the most popular coin so it is most likely to service customer needs, but I believe bitpay allows you to accept a few cryptocurrency options.

> You could experiment with fast Altcoins and convert to Bitcoin eventually.

IMO, there's no reason to bother doing so since experience has demonstrated that nobody really uses cryptocurrency to buy typical retail goods.

Re:PayPal has permanently banned The Hacker News and hold fu... by zermitthefrog on Saturday December 29, 2018 @09:05PM (#18786923)
Re:PayPal has permanently banned The Hacker News and hold fu... by gcb0 on Saturday December 29, 2018 @11:25AM (#18784270)
you still need a 3rd party to realistically convert USD into BTC.

at this point, might as well trade in casino chips.

(see gnu taller for a less cassino-like alternative to payments)

Re:PayPal has permanently banned The Hacker News and hold fu... by arisAlexis on Saturday December 29, 2018 @11:52AM (#18784412)
this third party is not linked to where you want to send them. anybody can get BTC from fiat conversion and send it wherever they want without censorship. That's what we are talking about right?
Re:PayPal has permanently banned The Hacker News and hold fu... by gcb0 on Monday December 31, 2018 @02:36PM (#18796439)
yes, not linked to the destination of the funds, but still very much required.
Re:PayPal has permanently banned The Hacker News and hold fu... by stale2002 on Saturday December 29, 2018 @04:40PM (#18785878)
The 3rd parties that convert your USD to BTC aren't censoring people, whereas PayPal is.

So that is a significant difference. Apparently PayPal is censoring way more people than the average crypto exchange.

Re:PayPal has permanently banned The Hacker News and hold fu... by ddtaylor on Saturday December 29, 2018 @01:31PM (#18784977)
> you still need a 3rd party to realistically convert USD into BTC.

Can't the same be said of credit cards?