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posted by martyb on Thursday December 01 2016, @05:53PM   Printer-friendly
from the define-"best" dept.

I have been using PayPal off and on since 2012 for 2 main reasons.

1 - Convenience, I didn't have to enter a credit card every time I purchased from a site other than usual trusted sites where I store my payment information, like Amazon, and sending payments to friends/family was simple.
2 - Peace of mind.

I recently found that the assumption of (2) was wrong, so I fired PayPal. I don't want to get into the details. Beyond being therapeutic, it won't really make life better moving forward.

That brings me to the question, since I have fired PayPal, I am sure that someone will want to send me, or more likely, have me send them money. Before I go out and research the providers on my own, I thought I would come here. What do Soylentils suggest for peer to peer payments?


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  • (Score: 2) by TheRaven on Friday December 02 2016, @11:19AM

    by TheRaven (270) on Friday December 02 2016, @11:19AM (#435889) Journal
    You don't need to store the entire block chain. If you really don't trust it, then you can download it and verify the chain is it comes in. Most consumer Internet connections are sufficiently slow that you can verify it as it arrives, without having to store it anywhere. The entire point of a block chain is that each block is computed from the previous ones in such a way that you can't tamper with any of the previous ones. The underlying mechanism is similar to a Merkel Tree, which you've probably encountered if you use git: changing any earlier commit will change the hashes of any later ones. Once you've verified the chain, keeping the most recent few blocks will give you enough to be able to validate any later transactions, in precisely the same way that you can do a depth-one git clone and still be able to compute the hashes of new commits without having any of the history prior to your clone.
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  • (Score: 2) by JNCF on Friday December 02 2016, @03:25PM

    by JNCF (4317) on Friday December 02 2016, @03:25PM (#435969) Journal

    Sigh... it's not that you're wrong, it's that you're throwing away all of the precious and worthless data in the UXTO, and I resent that. I'm not disagreeing, though. The data can be pruned, you fucking barbarian. 😒 People like you make ASCII Bernanke cry tiny text-based tears.