PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin

forbes.com 09 Jan '13, 3pm

PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin

Seems to me that PayPal has overstepped itself and put itself in the hot seat of legal responsibility that it should have fought harder to insulate itself from to start with. By taking on the watchdog position of policing everyone who uses their service they opened themselves to being held legally and fiscally liable. I see that as holding the Mint responsible for illegal drug, gun or gambling because those criminals use the money they print. Banks and financial companies have a reasonable due diligence to only process money for legal purposes and the systems in place to detect those activities are not perfect but took a long time of observation and thought to determine and implement in the industry. The reason they did is no one wants to be responsible for someone else’s liability but in the PayPal arena they either foolish have accepted or were erroneously were forced to...

Full article: http://www.forbes.com/sites/jonmatonis/2013/01/09/paypal-...

Tweets

@WikiTruths » 04 Feb '13, 7pm
RT @Sir_Max: PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin: [link] #News #OathKeepers #NDAA #GITMO #USA
@Sir_Max » 04 Feb '13, 7pm
PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin: [link] #News #OathKeepers #NDAA #GITMO #USA
@kellz_fisher » 25 Jan '13, 9am
PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin [link] cc: @Skillachie
@ancestralziggy » 16 Jan '13, 5pm
PayPal mevzusu kapandı. Niye? 7 senemi geçirdiğim, tüm dünyadan harika insanlar tanıdığım ortam onların gözünde korsan [link]
@President_4USA » 12 Jan '13, 2am
RT @AnonYmouSmXm: PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin [link]
@Truthloader » 11 Jan '13, 3pm
You might remember a video we made about #Bitcoin a few weeks ago. Well, now even Forbes are writing about it: [link]
@boichot » 11 Jan '13, 2pm
RT @gchampeau: Sur le piratage, PayPal et BitCoin, Forbes [link] rejoint ce que disais en 2011 [link] cc @SG_Hadopi
@gchampeau » 11 Jan '13, 2pm
Sur le piratage, PayPal et BitCoin, Forbes [link] rejoint ce que disais en 2011 [link] cc @SG_Hadopi
@mreyespoblete » 11 Jan '13, 2pm
RT @glynmoody: PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin - [link] but is bitcoin ready?
@glynmoody » 11 Jan '13, 2pm
PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin - [link] but is bitcoin ready?
@admonkeystrator » 11 Jan '13, 1am
RT @vexnews: PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin [link]
@Geoff_Tech » 10 Jan '13, 10pm
{WOW} #PayPal thinks it can #refuse to #process #payments for file-sharing sites... and they won't use #Bitcoin: [link]
@BankTechNews » 10 Jan '13, 2pm
RT @seansposito: PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin - Forbes [link]
@rdauster » 10 Jan '13, 10am
Bitcoin usage could be boosted by PayPal's block on file-sharing sites [link] | if you ban it it goes anonymous @alexmock
@theianfella » 10 Jan '13, 8am
PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin - Forbes [link] oh PayPal, you so crazyyyy
@jonmatonis » 10 Jan '13, 8am
@reason @nickgillespie @mleewelch @petersuderman PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin [link]
@jonathansides » 10 Jan '13, 3am
All the hate thrown at bitcoin has gotten my attention. 2-3% of global credit card transactions is a large TAM. [link]
@ColterLovette » 10 Jan '13, 3am
Privacy, File Sharing & Money. How do they all relate: [link]
@MSBCompliance » 10 Jan '13, 2am
RT @dgcmagazine: PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin - Forbes [link]
@thetravelmaster » 10 Jan '13, 1am
RT @thattallguy: "PayPal is requiring private BitTorrent tracking sites to provide access to monitor user content." #bitcoin #copyright [link]
@thattallguy » 10 Jan '13, 1am
"PayPal is requiring private BitTorrent tracking sites to provide access to monitor user content." #bitcoin #copyright [link]
@Bitcoinstore » 10 Jan '13, 12am
#Bitcoin continues to move forward: [link]
@BallisticJohn » 10 Jan '13, 12am
RT @ForbesTech: PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin [link] Love the author's last paragraph!
@benoasan » 09 Jan '13, 11pm
Poke @GonzagueGB RT @ForbesTech: PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin [link]
@osamakfa » 09 Jan '13, 10pm
فرض بيبال مؤخرا شروطا غبية على مواقع التورنت. هذا عزز سوق العملة الإلكترونية الحرة بِتكوين! [link]
@tomfrazier » 09 Jan '13, 9pm
Paypal you do not own the intertubes. Resist being a bully. [link]
@jonmatonis » 09 Jan '13, 8pm
@NSKinsella PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin - Forbes [link]
@CoreRenewal » 09 Jan '13, 7pm
PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin [link] via @zite
@papersplx » 09 Jan '13, 7pm
RT @RaineyReitman: Paypal, Bitcoin & file sharing sites [link]
» 09 Jan '13, 7pm
#PayPal Assault On File-Sharing Sites Makes Business Case For #Bitcoin - Forbes [link] #vfq
@MaXXXStiLes » 09 Jan '13, 7pm
Bitcoins > PayPal [link]
@Crosbie » 09 Jan '13, 6pm
RT @ralpost: As predicted, electronic cash fast becoming the latest strap on the straightjacket: [link] …
@ralpost » 09 Jan '13, 6pm
As predicted, electronic cash fast becoming the latest strap on the straightjacket: [link] …
@maartented » 09 Jan '13, 6pm
#PayPal Assault On File-Sharing Sites Makes Business Case For #Bitcoin [link] #GIABO
@tek_news » 09 Jan '13, 6pm
HNews: PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin [link]
@tuurdemeester » 09 Jan '13, 5pm
Matonis' latest implies that Bitcoin can serve to block money stream to gvt, thus curbing unbridled spending [link]
@jonmatonis » 09 Jan '13, 5pm
@BlackHatEvents @_defcon_ PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin - Forbes [link] #BitTorrent
@kevinkauzlaric » 09 Jan '13, 5pm
@PayPal digs its own grave as it attacks its customers' websites: [link]
@WebInity » 09 Jan '13, 5pm
RT @flipboardtech: [link]
@kamaluf » 09 Jan '13, 5pm
#Forbes Bitcoin Adoption by Country (Photo credit: zcopley) BitTorrent and Bitcoin were made for each other. An ... [link]
@Damon_Peters » 09 Jan '13, 5pm
RT @flipboardtech: [link]
@xzuriel » 09 Jan '13, 5pm
RT @Forbes PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin: Bitcoin Adoption b... [link] #Philippines
@xzuriel » 09 Jan '13, 5pm
RT @ForbesTech PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin: Bitcoin Adopti... [link] #Philippines
@Its_uchekuse » 09 Jan '13, 5pm
PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin: Bitcoin Adoption by Cou... [link] Cray Tweets Update
@tabalongpost » 09 Jan '13, 5pm
PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin: Bitcoin Adoption by Country (Phot... [link] | Forbes
@CAAglobalmedia » 09 Jan '13, 5pm
PayPal Assault On File-Sharing Sites Makes Business Case For Bitcoin: Bitcoin Adoption by Country (P... [link] Forbes Asia
@WilnocK » 09 Jan '13, 4pm
RT @flipboardtech: [link]
@ErikVoorhees » 09 Jan '13, 4pm
RT @DirectPayNet: Paypal attacks file sharing sites, setting the stage for it's successor: #Bitcoin. [link]
@DirectPayNet » 09 Jan '13, 4pm
Paypal attacks file sharing sites, setting the stage for it's successor: #Bitcoin. [link]
@superbus » 09 Jan '13, 4pm
Most worrying part of this article: not that Bitcoin looks better, but that PayPal wants back-end access to sites. [link]