No way with such a low fraud rate that PayPal just suddenly decided to cut you off. I'll bet good bitcoins that somebody (i.e. the admins at overclock.net) tipped them off.
Actually, PayPal does this with its merchants systematically.
The frozen funds all get pooled, and PayPal earns interest off the cash while the funds remain frozen. So they have a certain motivation to freeze accounts, then require their users to justify their existence with all sorts of paperwork they never mentioned upon sign-up. For instance, a utility bill that must be in your name. Not all of us have that.
Exactly. God. Then I'm sure when I have utilities in my name, I'll be asked to scan copy of my 4th grade report card...
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Topic
BoardEconomics
Re: Will Bitcoin ever drop down below 2 USD?
by
RTJakarta
on 01/05/2011, 01:24:03 UTC
It's likely, but I sure hope not.
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Topic
BoardMarketplace
Re: CoinPal beta - Buying bitcoins with PayPal
by
RTJakarta
on 01/05/2011, 01:22:29 UTC
Just reason number #9,001 why PayPal is an awful establishment. Ugh. They've had an account of mine frozen for about 6 months now.
Which wouldn't be that bad if I didn't have a few thousand in my account. Idiots.
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BoardMarketplace
Re: List of honest traders.
by
RTJakarta
on 28/04/2011, 05:55:30 UTC
Yeah, +1 to Keefe for helping swap my USD for MTG credit. Great guy.
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Topic
BoardTrading Discussion
Re: I wish I could buy X with bitcoin...
by
RTJakarta
on 28/04/2011, 05:28:40 UTC
If I could buy a house and pay a mortgage with Bitcoin, I would love my life.
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Topic
BoardEconomics
Re: BTC 1 = U$ 10 ..... before when?
by
RTJakarta
on 27/04/2011, 04:10:36 UTC
I wouldn't be surprised to see it happen before the end of 2011. Hopefully.
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Topic
BoardOff-topic
Re: This game is very simple... [7.9899 BTC Reward]