Bitcoin Is The Answer: Paypal Bans Cybersecurity News Outlet | 코인긱스

Bitcoin Is The Answer: Paypal Bans Cybersecurity News Outlet

0

To many, Bitcoin is a censorship-resistant, decentralized, immutable, and borderless transactional tool that transcends centralized boundaries. But for many Westerners, these inherent features aren’t something that’s all too useful in day-to-day life. However, with the rise of Internet censorship and anti-“radical” narratives, some believe that the need for decentralized mediums of value and information cannot come fast enough.

Related Reading: Bitcoin Acceptance: The Changing Face of Mainstream Media Coverage

Paypal Purges The Hacker News’ Accounts

On Saturday morning, reports arose that The Hacker News (THN), a trusted, world-renowned outlet for cybersecurity news, had all of its Paypal accounts shut down. THN took to its Twitter feed, which sports 514,000 followers, to convey the news.

The outlet claimed that Paypal, permanently banned its Paypal accounts without mentioning a specific rationale. Paypal even purportedly rubbed salt on THN’s wound, so to speak, claiming that it would be holding wallet funds for 180 days, failing to cite a reason yet again. After some back and forth, the financial services company explained that “specific reasons for such a decision is proprietary & it is not released,” skirting THN’s inquiry for the third time.

Bitcoin Is The Answer

As this news broke, spreading across the Twitter landscape like wildfire, the cryptosphere immediately took to THN’s side, claiming that the bans were non-sensical and censorship at its worst. Simultaneously, a number of leading Bitcoiners took some time to double-down on their aversion to the centralized establishment. Matt Odell, a Bitcoin proponent and cryptographer, claimed that when there’s nowhere left to turn, BTC is always there.

Marty Bent, a crypto-centric media creator, explained that payment processors have begun to lose their minds, likely referencing the increase in digital censorship. Bent added that it’s time to “level up” by the way of Bitcoin, which will leave the “power drunk companies” in the dust.

Other prominent industry commentators and crypto-friendly startups have also come out to laud Bitcoin. NVK, a pseudonymous decentralist, claimed that using, buying, and spreading the good name of Bitcoin, as it were, will lead to victory (presumably over the centralized powers that be). Rui Gomes, a developer at Tim Draper-backed OpenNode, claimed that case of seeming censorship only accentuates Bitcoin’s underlying value proposition.

This recent development comes just days after Patreon, a platform that allows consumers to give back to creators, banned Jordan Peterson, a psychology professor and prominent political commentator, for pushing ideas that purportedly weren’t in step with Patreon’s terms of service. Both of these bans, whether issued in malintent or otherwise, only underscore the fact that cryptocurrencies have value. But, the public at large hasn’t acknowledged this fact just yet, as they remain trapped in traditional systems, failing to comprehend the power of decentralization.

Featured Image from Shutterstock

The post Bitcoin Is The Answer: Paypal Bans Cybersecurity News Outlet appeared first on NewsBTC.

source : newsbtc.com

Bitcoin Is The Answer: Paypal Bans Cybersecurity News Outlet

 

 

‘에이코인(ACOIN)” 은 전 세계 오프라인 금거래 시장에서 금의 안전한 거래를 위해 사용하는 프로토콜 암호화폐이며, 코인월드 에이코인(ACO) 전용마켓 오픈 예정
한미중일 4개국 합자투자로 탄생한 코인월드, ‘에이코인'(ACOIN) 국내 최초 상장 협의중으로 4/16 사전 예약 실시
Coin world, ACOIN listing Discussion
Cryptocurrency exchange coin world, advance booking on next 16th

No comments

비트렉스, USDT마켓에 ENJ 상장

미국 암호화폐 거래소 비트렉스(Bittrex)가 공식 트위터를 통해 USDT 마켓에 엔진코인(ENJ, 시가총액 58위)를 상장했다고 공지했다. ENJ는 현재 코인마켓캡 기준 8.12% 오른 0.164492 달러에 거래되고 있다.