Hacker News new | ask | show | jobs
by ur-whale 2411 days ago
> The new flow I suggest is: BTC -> Coinbase -> PayPal

The flow still can be censored. As a matter of fact, you now have two opportunities for your payment to get nixed.

1 comments

The point is to spend out of btc via means of PayPal though. The shift card died because Switzer land couldn't hold it up.
The issue is and always will be the fiat gateways. If you do sufficient volume, someone's going to snoop around and ask questions like, oh, I don't know "where did you get this money and what did you say your business does again?" BTC is not a solution to this problem either. Maybe for the buyer since they're low volume enough not to raise eyebrows one way or the other, but as the vendor it just won't help.