Re:PayPal shuts down long-time Tor supporter
by pjc50 on Thursday June 03, 2021 @04:22AM
(#27378509)
> transact with trusted people and businesses
What, like paypal and ebay?
The problem is that in reality there are (a) small businesses whose trust is difficult to verify and stability may not be guaranteed and (b) large companies who have a proportion of incidents of very bad customer service. For many services there may only be (b).
> do your due diligence before buying
How much do you do exactly? How long does it take, what does it cost (do you pull company financial reports?) and shouldn't the extra time it takes to do this be counted as a transaction fee?
> Just like online payments and credit cards had their "wild west" period
Not really? It's been the same customer-not-present process since the days of export-restricted SSL. In fact that's kind of the problem, it's the same insecure process designed for paper and card transactions. There was certainly never anything comparable to "exchange absconds with customer funds" that happens every few years in crypto.
The "large company payment database was compromised and now all their customers are being defrauded" problem does seem to have improved recently.
What, like paypal and ebay?
The problem is that in reality there are (a) small businesses whose trust is difficult to verify and stability may not be guaranteed and (b) large companies who have a proportion of incidents of very bad customer service. For many services there may only be (b).
> do your due diligence before buying
How much do you do exactly? How long does it take, what does it cost (do you pull company financial reports?) and shouldn't the extra time it takes to do this be counted as a transaction fee?
> Just like online payments and credit cards had their "wild west" period
Not really? It's been the same customer-not-present process since the days of export-restricted SSL. In fact that's kind of the problem, it's the same insecure process designed for paper and card transactions. There was certainly never anything comparable to "exchange absconds with customer funds" that happens every few years in crypto.
The "large company payment database was compromised and now all their customers are being defrauded" problem does seem to have improved recently.