After The Regretsy and Diaspora Account Freezes, We’ve Lost Confidence In PayPal

Re:After The Regretsy and Diaspora Account Freezes, We’ve Lo... by marshray on Wednesday December 07, 2011 @10:21AM (#3324101)

One of the properties of money is that it's useful as a medium of exchange.

If this property is sacrificed in the interest of making it difficult to 'launder', then its utility is questionable.

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Re:After The Regretsy and Diaspora Account Freezes, We’ve Lo... by dazzawazza on Wednesday December 07, 2011 @10:40AM (#3324197)

True and I'm not trying to undermine the point that Paypal is a complete PITA but..

One of the properties of money is that it's value can be trusted. If money can be easily laundered then it can't be trusted and it's utility is questionable.

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Re:After The Regretsy and Diaspora Account Freezes, We’ve Lo... by DennisP on Wednesday December 07, 2011 @11:16AM (#3324386)

Counterfeiting changes the value of money. Laundering doesn't. It just hides the flow of money from authorities.

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