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Re:PayPal Freezes Mailpile Campaign Funds by ollysb on Thursday September 05, 2013 @06:48AM (#6333311)
The problem here is that crowd-funding is a risky business and as things stand paypal has to shoulder that risk. What we need is a type of transaction where the payer/crowdfunder assumes the risk, i.e. chargebacks are not allowed.
Re:PayPal Freezes Mailpile Campaign Funds by kalleboo on Thursday September 05, 2013 @07:10AM (#6333387)
Exactly. It's turned out that the only way to charge for things online is using credit cards, so everyone is exposed to the chargeback risk.
Re:PayPal Freezes Mailpile Campaign Funds by emiliobumachar on Thursday September 05, 2013 @07:07AM (#6333372)
Textbook Bitcoin.
Re:PayPal Freezes Mailpile Campaign Funds by justysebitcoin on Thursday September 05, 2013 @07:30AM (#6333454)
Yes!