Post
Topic
Board Politics & Society
Re: This is why online businesses should only accept bitcoins
by
cbeast
on 20/03/2012, 16:15:47 UTC
Read this: http://whiteelephantmedia.com/
PayPal like the mafia extorted half a million dollars from this company and then after getting it, froze their account and stole all their money.  Something like one million dollars.

You could get a merchant account, but such processor could freeze your account.  Tradehill had their payment processor steal $100,000 this way.

The only real way for dealing with payments is bitcoins!

Bitcoins are "a way" but not "the only way" to receive payments.  It is shallow thinking to think this. Think about it.
Get the quote right. He didn't say "the only way," he said "the only real way."  Grin

srsly, I think what he actually meant was, "the only real safe way." Bitcoin cannot be charged back except possibly by a 51% attack.