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Originally Posted by krylon
are you really taking credit for mediafire, who stopped using paypal on their own?
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There would have come a point at which MediaFire would be terminated, they knew that, they saved face. We had extensive evidence and it was one of the worst offenders in this space.
We don't really care how it came about that they stopped using Paypal, as long as piracy operations are deprived of funds.
Quote:
Originally Posted by krylon
also, you've generated ~5k with stopfilelockers, why not pay the staff with that money? I don't see it costing much to hire some indians to submit stuff to paypal?
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In what universe do you live in where you think $5k is a lot of money ? I know in some third world countries it might be a fortune however not so in the western world.
How much do you think we have spent on establishing the company, legal fees, our office, servers to keep up during DDoS, the ongoing cost of our collaboration system, etc ? It's cost around $15,000 to date to run this project and it's going to cost a lot more.
Is it that you're naive or are just so used to getting things for free that you have no idea of the real costs of real things in the real world ?
Quote:
Originally Posted by krylon
sad to say, but there is going to be a bitcoin debit card released soon, so it's not that pointless if you ask me.
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Yeah it's pretty pointless.
Firstly with a maximum of 21 million bitcoins it's never going to hit mainstream, the online digital economy is worth hundreds of billions of dollars, the bit coin won't account for even 1% of that.
Secondly, in many jurisdictions like Australia, New Zealand, United Kingdom you need a financial services license to issue plastic, due to the anonymous by design nature of bitcoin that will never happen.
Third, while hardcore pirates may adopt it as their method to pay for infringing content, just as druggies have adopted it to pay for things at Silk Road, it's lack of mainstream acceptance will mean that Joe Public with a Visa card will never get a Bitcoin card.
Bitcoin will never be a mainstream currency as the digital economy's value far exceeds the value of the theoretical maximum limit of bitcoins.
People want to pay with established payment systems that they trust. Bitcoin wont get there any time soon, if at all.
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Originally Posted by krylon
hmm.. ok, so millions of people use OSX and IOS, which are pretty much based off BSD. So it's just a matter of making things user friendly. With these new bitcoin cards you can load them at local retailers according to what ive read. Seems like they're making it really easy for end users.
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It's a pipe dream at the moment and until it can gain the market acceptance of the wider public it's not going to be a viable alternative to Paypal or Credit Cards.