A case for Bitcoin? Paypal terminates Mega over Encryption.

dmnEPC

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After coming under intense pressure PayPal has closed the account of cloud-storage service Mega. According to the company, SOPA proponent Senator Patrick Leahy personally pressured Visa and Mastercard who in turn called on PayPal to terminate the account. Bizarrely, Mega's encryption is being cited as a key problem.

During September 2014, the Digital Citizens Alliance and Netnames teamed up to publish a brand new report. Titled ‘Behind The Cyberlocker Door: A Report How Shadowy Cyberlockers Use Credit Card Companies to Make Millions,’ it offered insight into the finances of some of the world’s most popular cyberlocker sites.

Gaylard highlighted the company’s latest battle, one which has seen the company become unable to process payments from customers. It’s all connected with the NetNames report and has even seen the direct involvement of a U.S. politician.

“It is very disappointing to say the least. PayPal has been under huge pressure,”

However, PayPal also advised that Mega’s unique selling point – it’s end-to-end-encryption – was a key concern for the processor.

“MEGA has demonstrated that it is as compliant with its legal obligations as USA cloud storage services operated by Google, Microsoft, Apple, Dropbox, Box, Spideroak etc, but PayPal has advised that MEGA’s ‘unique encryption model’ presents an insurmountable difficulty,”
Under U.S. Pressure, PayPal Nukes Mega For Encrypting Files | TorrentFreak
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It amazes me how so many people I know recognize Obama as a puppet yet blame him for everything.

I need me some IronyGuard TM.

[ame]http://www.youtube.com/watch?v=BFPdnIwP-kw[/ame]
 
http://www2.itif.org/2014-netnames-profitability.pdf

So why should MasterCard and Visa take such a step? It’s about the company you keep, and payment processors have shown a willingness to disassociate with other bad actors, such as, online pharmacies selling controlled substances without a prescription. MasterCard and Visa deserve credit for their efforts to curtail those sales.

But they should take a hard look at the checkered history of their cyberlocker partners. Cyberlockers have been indicted criminally, in the case of MegaUpload, and found liable in civil court, in the case of Hotfile. Simply put, the businesses that simply exploit and expropriate the creative efforts of others do not occupy a legitimate place in the Internet ecosystem.

Content theft is a cancer on the Internet. It introduces viruses and malware to computers, robs creators who rely on the Internet to sell their products, damages brands by associating them with illegal and inappropriate content and provides seed money for criminals to engage in other illegal activities.

The mix of bad, and often illegal, operations with advertisements and services from brands we know and trust erodes the reputation these good actors have spent billions and worked decades to build. It even threatens the Internet itself. We rely on the Internet to deliver information and commerce into our homes and businesses, but that will not continue if users cannot browse the web with confidence and security. The time is now to protect Internet freedom and safety we consumers enjoy; we can’t wait any long to combat the threat posed by these rogue actors.