{"id":366817,"date":"2018-12-29T22:30:54","date_gmt":"2018-12-29T22:30:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=366817"},"modified":"2024-06-11T07:32:15","modified_gmt":"2024-06-11T07:32:15","slug":"bitcoin-answer-paypal-bans-cybersecurity-news-outlet","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-answer-paypal-bans-cybersecurity-news-outlet\/","title":{"rendered":"Bitcoin Is The Answer: Paypal Bans Cybersecurity News Outlet"},"content":{"rendered":"<p>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&#8217;t something that&#8217;s all too useful in day-to-day life. However, with the rise of Internet\u00a0censorship and anti-&#8220;radical&#8221; narratives, some believe that the need for decentralized mediums of value and information cannot come fast enough.<\/p>\n<h5 style=\"text-align: center\">Related Reading:\u00a0<em><a href=\"https:\/\/uniquehot.com\/2018\/12\/28\/bitcoin-acceptance-mainstream-coverage\/\">Bitcoin Acceptance: The Changing Face of Mainstream Media Coverage<\/a><\/em><\/h5>\n<h2><strong>Paypal Purges The Hacker News&#8217; Accounts<\/strong><\/h2>\n<p>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.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">That&#39;s so much frustrating.<a href=\"https:\/\/twitter.com\/PayPal?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@PayPal<\/a> has permanently banned all of our accounts without mentioning any reason and hold wallet funds wrongly for 180 days.<\/p>\n<p>Upon asking, <a href=\"https:\/\/twitter.com\/AskPayPal?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@AskPayPal<\/a> also refused to share any details.<\/p>\n<p>&mdash; The Hacker News (@TheHackersNews) <a href=\"https:\/\/twitter.com\/TheHackersNews\/status\/95860992?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 29, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The outlet claimed that Paypal permanently banned its accounts without mentioning a specific rationale. <a href=\"https:\/\/uniquehot.com\/2018\/12\/11\/paypal-delves-into-private-crypto-with-internal-token-platform\/\">Paypal<\/a> even purportedly rubbed salt on THN&#8217;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 &#8220;specific reasons for such a decision is proprietary &amp; it is not released,&#8221; skirting THN&#8217;s inquiry for the third time.<\/p>\n<h2>Bitcoin Is The Answer<\/h2>\n<p>As this news broke, spreading across the Twitter landscape like wildfire, the cryptosphere immediately took to THN&#8217;s side, claiming that the bans were non-sensical and censorship at its worst. Simultaneously, a number of leading\u00a0Bitcoiners took some time to double-down on their aversion to the centralized establishment. Matt Odell, a Bitcoin proponent and cryptographer, claimed that when there&#8217;s nowhere left to turn, BTC is always there.<\/p>\n<p>https:\/\/twitter.com\/matt_odell\/status\/37777155<\/p>\n<p>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&#8217;s time to &#8220;level up&#8221; by the way of Bitcoin, which will leave the &#8220;power drunk companies&#8221; in the dust.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">It seems as though the payment processors are losing their minds. Time to level up with Bitcoin and leave these power drunk companies behind. <a href=\"https:\/\/t.co\/5hhPvrFdNw\" rel=\"nofollow\">https:\/\/t.co\/5hhPvrFdNw<\/a><\/p>\n<p>&mdash; Marty Bent (@MartyBent) <a href=\"https:\/\/twitter.com\/MartyBent\/status\/41713152?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 29, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Other prominent industry commentators and crypto-friendly startups have also came out to laud Bitcoin. NVK, a pseudonymous\u00a0decentralist, 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 <a href=\"https:\/\/uniquehot.com\/2018\/12\/21\/bitcoin-draper-invest-crypto-payments\/\">OpenNode<\/a>, claimed that case of seeming censorship only accentuates Bitcoin&#8217;s underlying value proposition.<\/p>\n<p>This recent development comes just days after Patreon, a platform that allows consumers to give back to creators, <a href=\"https:\/\/uniquehot.com\/2018\/12\/25\/spurred-censorship-bitcoin\/\">banned Jordan Peterson<\/a>, a psychology professor and\u00a0prominent political commentator, for pushing ideas that purportedly weren&#8217;t in step with Patreon&#8217;s terms of service.\u00a0Both of these bans, whether issued in malintent\u00a0or otherwise, only underscore the fact that cryptocurrencies have value. But, the public at large hasn&#8217;t acknowledged this fact just yet, as they remain trapped in traditional systems, failing to comprehend the power of decentralization.<\/p>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;t something that&#8217;s all too useful in day-to-day life. However, with the rise of Internet\u00a0censorship and anti-&#8220;radical&#8221; narratives, some believe that the need for decentralized mediums of value and information cannot come fast enough. Related Reading:\u00a0Bitcoin Acceptance: The Changing Face of Mainstream Media Coverage Paypal Purges The Hacker News&#8217; 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. That&#39;s so much frustrating.@PayPal has permanently banned all of our accounts without mentioning any reason and hold wallet funds wrongly for 180 days. Upon asking, @AskPayPal also refused to share any details. &mdash; The Hacker News (@TheHackersNews) December 29, 2018 The outlet claimed that Paypal permanently banned its accounts without mentioning a specific rationale. Paypal even purportedly rubbed salt on THN&#8217;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 &#8220;specific reasons for such a decision is proprietary &amp; it is not released,&#8221; skirting THN&#8217;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&#8217;s side, claiming that the bans were non-sensical and censorship at its worst. Simultaneously, a number of leading\u00a0Bitcoiners took some time to double-down on their aversion to the centralized establishment. Matt Odell, a Bitcoin proponent and cryptographer, claimed that when there&#8217;s nowhere left to turn, BTC is always there. https:\/\/twitter.com\/matt_odell\/status\/37777155 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&#8217;s time to &#8220;level up&#8221; by the way of Bitcoin, which will leave the &#8220;power drunk companies&#8221; in the dust. It seems as though the payment processors are losing their minds. Time to level up with Bitcoin and leave these power drunk companies behind. https:\/\/t.co\/5hhPvrFdNw &mdash; Marty Bent (@MartyBent) December 29, 2018 Other prominent industry commentators and crypto-friendly startups have also came out to laud Bitcoin. NVK, a pseudonymous\u00a0decentralist, 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&#8217;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\u00a0prominent political commentator, for pushing ideas that purportedly weren&#8217;t in step with Patreon&#8217;s terms of service.\u00a0Both of these bans, whether issued in malintent\u00a0or otherwise, only underscore the fact that cryptocurrencies have value. But, the public at large hasn&#8217;t acknowledged this fact just yet, as they remain trapped in traditional systems, failing to comprehend the power of decentralization. Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":366832,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,6664,17289],"class_list":["post-366817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-the-hacker-news"],"acf":[],"yoast_head":"\n<title>Bitcoin Is The Answer: Paypal Bans Cybersecurity News Outlet<\/title>\n<meta name=\"description\" content=\"Crypto enthusiasts proclamations that Bitcoin is the answer to centralized qualms were accentuated after Paypal banned a cybersecurity news outlet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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