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PayPal Credits Man With $92 Quadrillion

solareagle writes "Pennsylvania resident Chris Reynolds got quite a shock when he opened his most recent PayPal statement — it said he had a $92,233,720,368,547,800 balance in his account. 'I'm just feeling like a million bucks,' Reynolds told the [Philadelphia] Daily News yesterday. 'At first I thought that I owed quadrillions. It was quite a big surprise.' When asked what he would do with the money, he said, 'I would pay the national debt down first. Then I would buy the Phillies, if I could get a great price.' The Daily News speculates that the astronomical balance may be related to PayPal's new Galactic initiative, announced last month, to expand its business beyond Earth." He should have quickly minted a new coin.

151 comments

  1. Don't tell the tax man! by Alain+Williams · · Score: 2, Funny

    Otherwise he will be asked to pay tax on his income! :-)

    1. Re:Don't tell the tax man! by icebike · · Score: 5, Funny

      We have yet to hear from the person who's account was debited by the same amount.
      No doubt that guy is in hospital with a heart attack.

      --
      Sig Battery depleted. Reverting to safe mode.
    2. Re:Don't tell the tax man! by TWX · · Score: 2

      Even the IRS' computers should choke on how to process that one for awhile...

      --
      Do not look into laser with remaining eye.
    3. Re:Don't tell the tax man! by intermodal · · Score: 3, Funny

      I know exactly how they process that one. Hold sign with name nad numbers, photo from the front, photo from the side, fingerprints, get in your orange jumpsuit.

      --
      In SOVIET RUSSIA... erm...NSA AMERICA, the Internet logs onto YOU!
    4. Re:Don't tell the tax man! by Anonymous Coward · · Score: 0

      It's a negative balance.

      Per PayPal FAQ:
      Q:What should I do if my balance is negative?
      A: If your account balance is negative because of insufficient funds, please add funds to your account as soon as possible.

    5. Re:Don't tell the tax man! by Bork · · Score: 2

      If he had that money for one hour, that would mean he had a average income of $10,528,963,512,391 for this year, not counting any other income he might have had.

    6. Re:Don't tell the tax man! by buswolley · · Score: 0

      Well, it depends.

      --

      A Good Troll is better than a Bad Human.

    7. Re:Don't tell the tax man! by msauve · · Score: 1

      Not really. The article is wrong. There was a picture of the statement on CNN - they debited his account, it showed he was overdrawn by that amount. Not as good a story, I suppose.

      --
      "National Security is the chief cause of national insecurity." - Celine's First Law
    8. Re:Don't tell the tax man! by Austerity+Empowers · · Score: 1

      If I were given $92 Quadrillion, I will happily pay 99.999% tax. Try it and watch!
       

    9. Re:Don't tell the tax man! by similar_name · · Score: 1

      Even CNN used the word credit right next to the screenshot

    10. Re:Don't tell the tax man! by Anonymous Coward · · Score: 1

      If he is in the US, he probably couldn't get into the hospital since he owes too much money to get approved.

    11. Re:Don't tell the tax man! by Anonymous Coward · · Score: 0

      Actually, what they did was debit 1 dollar from each other PayPal customer. Since there wasn't enough legitimate customers, they invented alternate universes till they got enough to front the deal.

      Now he IS that rich, but it's busy busy busy!

    12. Re:Don't tell the tax man! by dimeglio · · Score: 3, Funny

      You are obviously not a republican.

      --
      Views expressed do not necessarily reflect those of the author.
    13. Re:Don't tell the tax man! by mysidia · · Score: 1

      Otherwise he will be asked to pay tax on his income! :-)

      The 1099 form doesn't have enough space; the number would get truncated to 2,147,483,648

      And he could easily pay off the IRS So his taxes would be more limited than one might think.

    14. Re:Don't tell the tax man! by mysidia · · Score: 2

      We have yet to hear from the person who's account was debited by the same amount. No doubt that guy is in hospital with a heart attack.

      Naw... i'm sure he just fled the country.

    15. Re:Don't tell the tax man! by mysidia · · Score: 1

      You have to fail to report and file your taxes properly, as required, and given reasonable time, before there is even a chance of that happening.

      And to get the orange jumpsuit; I do believe you have to have committed fraud, or failed to pay after they sent an invoice, for a considerable length of time.

      Just having a multi-billion$$ tax bill alone, doesn't land you in jail.

      It may result in penalties and adverse asset forfeitures and seizures by IRS enforcement agents, however..

    16. Re:Don't tell the tax man! by mysidia · · Score: 1

      . Was their debit, before or after he spent all the money they credited to him?

    17. Re:Don't tell the tax man! by Anonymous Coward · · Score: 0

      Fuck it, he could buy the United States and outlaw taxes.

    18. Re:Don't tell the tax man! by Anonymous Coward · · Score: 0

      So what if CNN used the word "credit"? They are still wrong.

    19. Re:Don't tell the tax man! by macraig · · Score: 1

      Maybe it wasn't a person... maybe it was Apple? They can almost afford it.

    20. Re:Don't tell the tax man! by interkin3tic · · Score: 1

      Typical. The 0.00001% richest Americans are always trying to dodge their tax burden. "His" tax burden rather. I hear as a kid he mowed the lawn for a few dollars. Bet he "forgot" to report that to the IRS.

    21. Re:Don't tell the tax man! by twotailakitsune · · Score: 1

      No, it is to much money. The IRS will give him a past and say he only has to pay 1% of taxes owe, and no penalties. Also he will have 20 years to pay, and if he gives it to his kids, he owes no taxes and they don't have to pay any.

    22. Re:Don't tell the tax man! by Anonymous Coward · · Score: 0

      The 1099 form doesn't have enough space; the number would get truncated to 2,147,483,648

      Your joke's too buggy to be funny. You're off-by-one.

    23. Re:Don't tell the tax man! by pakar · · Score: 1

      Well... "You still have to pay income-tax on it this year... Next year you can deduct it if the issue has been resolved"

    24. Re:Don't tell the tax man! by pakar · · Score: 1

      Pay off?? For that amount i could basically buy any country in the world... Offer every citizen $5000000 to move out of the country, but only if at least 99% of the population leaves. Even if there are a few wealthy people that chose to stay there would be nobody that would take care of the infrastructure for them ;)

      $92,233,720,368,547,800 / 6 billion = $15372286 per person in the world..

      But there is a problem with having that much money and starting to spread it around would cause a devaluation of money.. And since it's so much it would spread and would affect all currencies in the world...... Ie... those $15372286 per person might be able to buy some dinner after some time...

      And it would not matter if it's a fiat currency or gold-backed currency... The wanted resources (food/water/electricity etc) stay the same, it's just how the money is spread out.

    25. Re:Don't tell the tax man! by Anonymous Coward · · Score: 0

      "We have yet to hear from the person who is account was debited..." uhmm... WHAT?

      I think you meant "whose" instead of "who's". Grammar nazi couldn't resist.

    26. Re:Don't tell the tax man! by TheRaven64 · · Score: 1

      92 quadrillion is about 2,000 times as much money as exists on paper at the moment (i.e. including money that is really assets, but accounted for in US dollars). Suddenly receiving that much would cause hyperinflation, so you might be happy with the amount you'd have left over after tax, but you'd probably have difficulty spending it as very few people would be willing to accept US dollars in payment. $92 billion would be a much nicer amount to receive and pay 99.999% tax on. You'd be left with about a million after tax, and it would still have about the same value as a million today.

      --
      I am TheRaven on Soylent News
    27. Re:Don't tell the tax man! by TheRaven64 · · Score: 2

      And it would not matter if it's a fiat currency or gold-backed currency

      It would make a difference. If it were backed by gold, you could redeem it for the gold value, dump it in the sea, and then live on the continent made out of gold that you'd just built...

      --
      I am TheRaven on Soylent News
    28. Re:Don't tell the tax man! by Anonymous Coward · · Score: 0

      You have much to learn about comedy, you humorless automaton.

    29. Re:Don't tell the tax man! by mark-t · · Score: 1

      You do not have to pay any tax on a banking error in your favor unless you actually use (ie, withdraw) any of the extra money before the error is corrected... and even then you only get taxed on what you withdrew, not the amount of the error (plus you still have to pay back any difference between what you withdrew and what you otherwise could have withdrawn to the bank, with interest accumulating from the time you withdrew the money).

    30. Re:Don't tell the tax man! by pakar · · Score: 1

      Well... would not really call that a continent...

      92233720368547800/1296.30 = 71151523851383 ( $1296.3 was price per ounce i could find )
      (71151523851383*28.3495231) / 1000 = 2017111769024 Kg's of gold. ( One ounce 28.3495231gram ... )

      http://www.wolframalpha.com/input/?i=92233720368547800USD+in+gold+volume

      = 0.115 cubic kilometers... Or a cube with 486 meter sides.....

      Will probably be quite hard to grow anything on it... But the biggest problem would probably be all the leprechauns running around on that island... Not to mention all the rainbows that would end there causing rainbow-blindness :)

    31. Re:Don't tell the tax man! by xkpe · · Score: 1

      Your argument is flawed... If you get 92 quadrillion you can spend it at the rate you want, effectively you can control the inflation.
      If you pay it in taxes and only keep 1 million, the wealth that you have just given away will be redistributed and will cause inflation.

  2. Wondering... by sycodon · · Score: 1

    ...if any existing financial application actually has currency fields appropriately sized for that number.

    --
    When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    1. Re:Wondering... by Bork · · Score: 3, Funny

      Zimbabwe would be a good candidate.

    2. Re:Wondering... by RevSpaminator · · Score: 2

      I'm wondering how many other slobs rushed out to check their paypal accounts to see if something like that had happened to them. :)

    3. Re:Wondering... by buswolley · · Score: 1
      --

      A Good Troll is better than a Bad Human.

    4. Re:Wondering... by inasity_rules · · Score: 1

      No... The banks lasted quite a while, but that is one of the reasons they kept taking zeros (23 in total) off the end of the currency. My dad has ZW$600 Trillion in a bank account (=US$50), and his statement reads Z$600. Nobody cares about anything below a trillion, so why store the digits? This is different however. Theoretically 1 US$ still has value...

      Incidentally, while my dad has 600 Trillion (+23 zeros if you want to get to the original range), he can not access the money. I suspect the gentleman in question has the same problem.

      --
      I have determined that my sig is indeterminate.
  3. Signed integer overflow by GerbilSoft · · Score: 5, Informative

    2^63 - 1 == 9,223,372,036,854,775,807

    Assuming PayPal's currency values are stored in cents, dividing that by 100 results in $92,233,720,368,547,758.07. Looks like a 64-bit signed integer overflowed (or in this case, underflowed), resulting in integer wraparound.

    1. Re:Signed integer overflow by id10t_corner · · Score: 5, Funny

      This sounds like a Mycroft Holmes joke.

    2. Re:Signed integer overflow by El_Muerte_TDS · · Score: 1

      But how did he manage to underflow the balance. That would mean he owed $92 quadrillion.

    3. Re:Signed integer overflow by icebike · · Score: 0

      Seems unlikely to be a computational error.

      If that were the case, after all the years PayPal has been in business an underflow would have happened a million times before.
      I'm going with a gamma ray hit on memory somewhere flipping a bit on 3 cent negative balance or something.

      --
      Sig Battery depleted. Reverting to safe mode.
    4. Re:Signed integer overflow by Omega+Hacker · · Score: 5, Informative

      Not sure you quite get the concept of underflow.... If it's a 64-bit field in cents and he had $1, an unsigned subtract of $2 would result in a balance of $92,233,720,368,547,757.08 (give or take a few cents).

      --
      GStreamer - The only way to stream!
    5. Re:Signed integer overflow by Anonymous Coward · · Score: 0

      But how did he manage to underflow the balance. That would mean he owed $92 quadrillion.

      The summary says that's what he thought it said at first. maybe he has a reason to suspect that was possible.

    6. Re:Signed integer overflow by Areyoukiddingme · · Score: 1, Troll

      Where oh where did my expired mod points go.

      +1 Funny, and anybody who doesn't get the reference should be drummed off the site.

    7. Re:Signed integer overflow by Anonymous Coward · · Score: 1

      It seems very likely to be a computational memory error.
      bit BIN:
      111111111111111111111111111111111111111111111111111111111111111
      Byte
      11111111
      hex:
      7FFFFFFFFFFFFFFF

      "If that were the case, after all the years PayPal has been in business an underflow would have happened a million times before."
      because on one ever updates software?
      You aren't thinking, please start.

    8. Re:Signed integer overflow by icebike · · Score: 0

      Ok, lets take your way.....

      Someone updated the paypal software. And it affected EXACTLY one person.

      Right. Dismissed.

      --
      Sig Battery depleted. Reverting to safe mode.
    9. Re:Signed integer overflow by Zalbik · · Score: 1, Insightful

      +1 Funny, and anybody who doesn't get the reference should be drummed off the site.

      Because we should all have exactly the same tastes in literature and/or television.

      How wonderfully inclusive of you!

      P.S.
      No, I didn't get the reference. My brain vaguely recalls a Sherlock Holmes reference (father? brother?), but I've only read a few of the stories....

    10. Re:Signed integer overflow by pspahn · · Score: 1, Insightful

      ...and anybody who doesn't get the reference should be drummed off the site.

      But then what would the two of you talk about, and who would be there to moderate?

      Listen, I get it, too many kids on the lawn and such. Personally, I've exchanged the not-quite-timeless phrase "get off my lawn" with the more apropo "no skateboarding".

      Though I do appreciate that I've now looked up Mycroft Holmes and was surprised to find it wasn't the agoraphobic brother of the late, great (and I do mean great) John Holmes.

      --
      Someone flopped a steamer in the gene pool.
    11. Re:Signed integer overflow by The+Rizz · · Score: 4, Informative

      My brain vaguely recalls a Sherlock Holmes reference (father? brother?), but I've only read a few of the stories....

      Mycroft Holmes is Sherlock's brother, but that's not the reference he's alluding to here - it's a reference to the computer named Mycroft Holmes in Heinlein's The Moon is a Harsh Mistress.

    12. Re:Signed integer overflow by Anonymous Coward · · Score: 0

      It seems to me some bit of improper typecasting. A signed small negative signed integer value got typecast up to an unsigned integer.

      Remember: -1 = 0xFFFFFFFFFFFFFFFF, -2 = 0xFFFFFFFFFFFFFFFE, -2 = 0xFFFFFFFFFFFFFFFD, etc.

    13. Re:Signed integer overflow by plover · · Score: 5, Funny

      Ok, lets take your way.....

      Someone updated the paypal software. And it affected EXACTLY one person.

      Right. Dismissed.

      Maybe the guy's name is Little Bobby Tables. That'll teach you to sanitize your PayPal names.

      --
      John
    14. Re:Signed integer overflow by mpeskett · · Score: 1

      Question to my mind is why they're using unsigned numbers. Are there no situations where they'd want to store a negative balance?

      If for no other reason than to prevent this kind of embarassment when the "if (new_balance 0) { don't_allow_that() }" logic gets hit by a cosmic ray.

    15. Re:Signed integer overflow by mpeskett · · Score: 1

      new_balance < 0, that is

      Silly slashdot...

    16. Re:Signed integer overflow by Anonymous Coward · · Score: 3, Funny

      Kids these days... When I was young we only had 2 billion on our hacked accounts.

    17. Re:Signed integer overflow by Anonymous Coward · · Score: 0

      Except El_Muerte_TDS is correct. Your math is for 63-bit unsigned integers.

    18. Re:Signed integer overflow by Obfuscant · · Score: 1

      Question to my mind is why they're using unsigned numbers. Are there no situations where they'd want to store a negative balance?

      They clearly aren't using unsigned numbers since the huge number on the statement HAS A MINUS SIGN IN FRONT OF IT. And one of the two activities listed on the statement is also negative.

    19. Re:Signed integer overflow by sabbede · · Score: 0

      Its also 147AE repeated. Makes me wonder if he had $83886 in his account. Or $838.86 Well, one of the numbers reported somewhere worked out that way. I wouldn't really know. I can't count past 20 with my pants on.

    20. Re:Signed integer overflow by Anonymous Coward · · Score: 0

      Mod parent ^^

    21. Re:Signed integer overflow by Anonymous Coward · · Score: 0

      Johnny Wad was 2nd on my list, but come on, a porn star who had a boa constrictor for a schlong isn't going to have a brother with a name like "Mycroft."

      Was Mycroft Sherlock's Smarter Brother?

    22. Re:Signed integer overflow by Culture20 · · Score: 2

      They clearly aren't using unsigned numbers since the huge number on the statement HAS A MINUS SIGN IN FRONT OF IT.

      You can put a minus sign in front of anything. printf("-%u", X);

    23. Re:Signed integer overflow by Anonymous Coward · · Score: 0

      Except that Mycroft, commony called Mike, did not have a last name.

    24. Re:Signed integer overflow by gl4ss · · Score: 1

      because they're idiots and optimized at the wrong place... money is worth enough to be stored as something else than fixed size binary.

      --
      world was created 5 seconds before this post as it is.
    25. Re:Signed integer overflow by TheRaven64 · · Score: 2
      From TFA, it sounds like the error was corrected very quickly, so it's not impossible to assume that only one person:
      • Had a negative balance
      • Was checking PayPal.com in the half hour window when the buggy software update was live (assuming that it's rolled out over everything, and they don't do phased updates for the front end like most big web companies)
      • Took a screenshot of the massive negative balance
      • Reported it to a journalist who had a sufficiently slow news day to write the story.
      --
      I am TheRaven on Soylent News
    26. Re:Signed integer overflow by Anonymous Coward · · Score: 0

      First Only One Person submitted a bug report. We don't know if anybody else was affected. If he wanted to he could have simply not said anything which is what some percentage of the users would do. Am not sure of the legal ramifications of spending money in case of such a clear error. But that wouldn't stop some of the people I've know.

    27. Re:Signed integer overflow by dunkelfalke · · Score: 0

      Some people think that Heinlein writes crap - and justifiably so.

      --
      "It's such a fine line between stupid and clever" -- David St. Hubbins, Spinal Tap
    28. Re:Signed integer overflow by Anonymous Coward · · Score: 0

      That is what the preview button is for...

    29. Re:Signed integer overflow by Anonymous Coward · · Score: 0

      No, Heinlein does not write crap, he writes nothing at all since he is dead...

    30. Re:Signed integer overflow by Anonymous Coward · · Score: 0

      Have you checked your PayPal Balance?

    31. Re:Signed integer overflow by Anonymous Coward · · Score: 0

      A check like that wouldn't work. The new_balance was > 0.

    32. Re:Signed integer overflow by Anonymous Coward · · Score: 0

      So, you are saying the guy actually owes PayPal one cent?

    33. Re:Signed integer overflow by Anonymous Coward · · Score: 0

      +1 Funny, and anybody who doesn't get the reference should be drummed off the site.

      Because we should all have exactly the same tastes in literature and/or television.

      How wonderfully inclusive of you!

      P.S.
      No, I didn't get the reference. My brain vaguely recalls a Sherlock Holmes reference (father? brother?), but I've only read a few of the stories....

      you have to be a loonie to understand the joke.

      Mycroft aka "mike" was a revolutionary Holmes computer in The Moon is a Harsh Mistress.It identified itself with Mycroft Holmes who was Sherlock's samrted brother. It developed a taste for practical jokes and wrote a paycheque for the value of the solar system for a janitor for the Lunar Authority. Being a Heinlein character the janitor sold the cheque to a collector rather than trying to cash it and yes the authority did put a stop on the cheque.

      I am British so I used cheque not check but how many of you spotted both jokes in this post?

  4. Pics or it never happened by Anonymous Coward · · Score: 0

    no text

  5. there's not that much money in the world! by chris200x9 · · Score: 1

    As I read this I can't help myself from picturing that Austin Powers scene with doctor evil asking for 100 BILLION dollars.

    1. Re:there's not that much money in the world! by Impy+the+Impiuos+Imp · · Score: 2

      They could have swung 100 billion in the '60s, or WWII for that matter. The US alone spent $249 billion on WWII -- in 1940s dollars.

      Now colonial days, where the Louisiana Purchase was $79 million, forget it.

      --
      (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
    2. Re:there's not that much money in the world! by Impy+the+Impiuos+Imp · · Score: 1

      Of course, convincing people to pay Dr. Evil $100 billion during World War II, well, they'd have to use some damned sexy Rosie the Riveters on the Buy Dr. Evil Bonds posters.

      --
      (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
    3. Re:there's not that much money in the world! by buswolley · · Score: 2

      Of course, congress has the power to mint money. Hell the treasury can right now. As mush as we want. One cannot run out of money...The limitation is inflation. Only inflation. Its not debt. Its not tax dollars. Its inflation. The question the becomes, are we at risk of inflation if we helicopter-drop billions of dollars on the people? Maybe. Maybe not. Depends on how much capacity there is to meet the increase in demand. http://neweconomicperspectives.org/p/modern-monetary-theory-primer.html

      --

      A Good Troll is better than a Bad Human.

    4. Re:there's not that much money in the world! by mysidia · · Score: 2, Insightful

      The question the becomes, are we at risk of inflation if we helicopter-drop billions of dollars on the people? Maybe. Maybe not.

      Our president blows a billion$$$ every day on gas money; helicopter-dropping a few billion would probably have no appreciable effect.

      Frankly, the $1.5 trillion stimulus would have probably been better if he had divided the $1 trillion by $230 million people, and given every American individuals an equal amount, excluding individuals earning more than $80,000, and excluding individuals part of a married couple where the couple's earnings exceed $120,000 ; in other words.... approximately $40,000 extra money to be received by every American; instead of throwing away the $1 trillion on crappy programs and tax breaks for corporations.

    5. Re:there's not that much money in the world! by jandrese · · Score: 1

      They should have just printed a $200 Billion Dollar bill and mailed it to him.

      --

      I read the internet for the articles.
    6. Re:there's not that much money in the world! by buswolley · · Score: 1
      Oh there is no doubt that the stimulus helped tremendously. However, I believe it would have been just as effective and probably more effective to give everyone a check instead.

      Its not that infrastructure is bad. Its that when governments contract infrastructure out to private industry, corruption results that often more than negates the supposed benefits of competition..Construction materials shouldnt be in house, but actual construction and design should be in house.

      So a helicopter drop on the people, and in-house infrastructure construction whenever possible, and contracts that are open and transparent, and approved by an independent board.

      --

      A Good Troll is better than a Bad Human.

    7. Re:there's not that much money in the world! by Anonymous Coward · · Score: 0

      The question the becomes, are we at risk of inflation if we helicopter-drop billions of dollars on the people? Maybe. Maybe not.

        Our president blows a billion$$$ every day on gas money; helicopter-dropping a few billion would probably have no appreciable effect.

        Frankly, the $1.5 trillion stimulus would have probably been better if he had divided the $1 trillion by $230 million people, and given every American individuals an equal amount, excluding individuals earning more than $80,000, and excluding individuals part of a married couple where the couple's earnings exceed $120,000 ; in other words.... approximately $40,000 extra money to be received by every American; instead of throwing away the $1 trillion on crappy programs and tax breaks for corporations.

      So they can turn around and spend it all on imported goods? Good thinking. That is sure to get the economy really revving. You sure have your head on straight.

    8. Re:there's not that much money in the world! by buswolley · · Score: 1

      Oh? What the fuck do you think the economy is about anyway dumbshit? What's your answer? Less purchasing power by Americans would be better for the economy? Or do you think that demand can be created by business owners when there are no consumers with money?

      --

      A Good Troll is better than a Bad Human.

  6. Completely bogus. by Anonymous Coward · · Score: 0

    Fake story whipped up by their advertising department. And slashdot fell for it.

  7. Some sort of 64-bit under/overflow? by Anonymous Coward · · Score: 0

    2^63 = 9,223,372,036,854,775,808, which almost makes sense if they're using a signed 64-bit int to store this number (or it's just an incredible coincidence). But I wonder what accounts for the minor discrepancy.

    1. Re:Some sort of 64-bit under/overflow? by Qzukk · · Score: 1

      But I wonder what accounts for the minor discrepancy

      Probably whatever funds he had in the account before this happened.

      --
      If I have been able to see further than others, it is because I bought a pair of binoculars.
  8. Man, slashdot *is* behind the times by neminem · · Score: 4, Informative

    I'd never really followed other similar news aggregators before, but I've been following Consumerist for a few months, and indeed, that blog tends to post interesting news a couple days before it ends up here. In fact, it just posted a followup story, that apparently when paypal heard that upon seeing the windfall, even though he the guy knew it wasn't real, he felt compelled to donate 30 dollars to a local charity, paypal offered the guy the chance to donate an unspecified but supposedly substantial amount to the charity of his choice as compensation for the mistake.

    1. Re:Man, slashdot *is* behind the times by Darkness404 · · Score: 1

      Yeah, I come and read it here when its already been on the local news like 2 nights ago...

      --
      Taxation is legalized theft, no more, no less.
    2. Re:Man, slashdot *is* behind the times by Anonymous Coward · · Score: 0

      Why didn't you submit it to Slashdot then? You realize most of the stories are user submitted right?

    3. Re:Man, slashdot *is* behind the times by wisnoskij · · Score: 1

      This was already on Slashdot a day or two ago.

      --
      Troll is not a replacement for I disagree.
    4. Re:Man, slashdot *is* behind the times by jasax · · Score: 1

      30 dollars? Awsome! Probably PP added another 100 bucks to that... :-)

    5. Re:Man, slashdot *is* behind the times by robthebloke · · Score: 1

      Claiming that most of the people here are users? That's fighting talk that is!

    6. Re:Man, slashdot *is* behind the times by Anonymous Coward · · Score: 0

      Consumerist just reposts stuff from Reddit....

    7. Re:Man, slashdot *is* behind the times by Anonymous Coward · · Score: 0

      ...he felt compelled to donate 30 dollars to a local charity

      That's not entirely accurate, he donated for a political cause:

      Once he logged onto the site, however, he saw a balance of zero, and all the air went out of his newly rich tires. Even though he wasn’t about to be rolling in dough, a charitable force overtook him and he donated $30 to a local political campaign.

  9. Except that it's a fucking negative balance by Anonymous Coward · · Score: 0

    What an idiot.
    Is it so hard to notice "-" sign in front of those numbers?

  10. Unlike Monopoly by Freddybear · · Score: 5, Funny

    Bank Error In Your Favor means you Go Directly To Jail if you try to spend the money.

    1. Re:Unlike Monopoly by king+neckbeard · · Score: 2

      The first step is to use the money to buy Switzerland. Then you have all of the Swiss banks accounts you'll ever need.

      --
      This is my signature. There are many like it, but this one is mine.
    2. Re:Unlike Monopoly by Spy+Handler · · Score: 5, Interesting

      Paypal isn't a bank. He should've spent the money!

    3. Re:Unlike Monopoly by Anonymous Coward · · Score: 2, Interesting

      but in the US, paypal is NOT a bank... and in some places in the US, if a company screws up and sends/gives you something in error (such as an erroneous double shipment on a mail order) -- it's yours. you're not obligated to return it or pay for it.

    4. Re:Unlike Monopoly by AK+Marc · · Score: 3, Interesting

      Most countries in the world yes, but not the US, what he should have done was put it in his bank, and get interest off whatever his bank would accept. A few million dollars an hour for PayPal's error, then give back the money when asked. Likely, he'd not have any charges, and get to keep a few million dollars for his trouble. Instead, he'll get nothing but some news articles.

    5. Re:Unlike Monopoly by Anonymous Coward · · Score: 0

      Since when was Paypal a bank?

    6. Re:Unlike Monopoly by Melkman · · Score: 2

      A few hours ? If he had put it in an account with only 0,1% interest he would have earned almost 3 million dollar per second...

    7. Re:Unlike Monopoly by AK+Marc · · Score: 1

      I was presuming that a bank would refuse deposits that exceded some threshold. After the first few billion, he might have had some problems. So I wasn't guestimating interest on the entire amount.

      Though, from TFA, it looks like he never had it, and it wasn't an account issue, but a bill-printing issue, regarding his monthly statement.

    8. Re:Unlike Monopoly by Charliemopps · · Score: 2

      I'd imagine paypal wouldn't have been able to cover the transfer and that would have triggered some rather unwelcome repercussions rather quickly. I wonder if he could have flash-crashed their stock sending them out of business?

    9. Re:Unlike Monopoly by Anonymous Coward · · Score: 0

      That is partially false, but is a possibility, depending on the country the question can be funny but in the most sane countries you have 12 month to return all the money that you incorrectly has expended. And here the funny think, put the money in a 6 moth deposit and voila you have more than 1 trillion of interests for you.

    10. Re:Unlike Monopoly by Anonymous Coward · · Score: 0

      Don't banks normally index interest on a daily basis? So you'd need to keep the money in your bank account for a whole day instead of a few hours.

    11. Re:Unlike Monopoly by PPH · · Score: 4, Funny

      then give back the money when asked.

      Dear PayPal,

      Realizing your mistake, I deposited the funds in a bank account for safekeeping and notified your accounting department immediately. I have authorized the funds release to you immediately. Please contact my bank, the First National bank of Nigeria at.....

      --
      Have gnu, will travel.
    12. Re:Unlike Monopoly by mysidia · · Score: 1

      Bank Error In Your Favor means you Go Directly To Jail if you try to spend the money.

      Unless you use the money to buy out all your bank's stock, before they notice. And your first act as new CEO and director of the board is to take the company private, and make the "error" go away quietly

    13. Re:Unlike Monopoly by mysidia · · Score: 1

      A few million dollars an hour for PayPal's error, then give back the money when asked. Likely, he'd not have any charges, and get to keep a few million dollars for his trouble. Instead, he'll get nothing but some news articles.

      They would most certainly discover the error pretty quickly, when reviewing the unusual transaction; which would no doubt result in his account being frozen, and maybe get his name on the ACH blacklists / Chexsystems.

    14. Re:Unlike Monopoly by mysidia · · Score: 2

      Most banks will have an inbound ACH limit of around $10,000. I'm sure Paypal has an outgoing limit as well, that is well less than $100,000; let alone millions.

    15. Re:Unlike Monopoly by AK+Marc · · Score: 1

      Can PayPal do that? They've worked so hard to not be a bank, would they be able to blacklist you in bank systems?

    16. Re:Unlike Monopoly by Anonymous Coward · · Score: 0

      most account stop paying interest above a certain threshold. Both my savings account and checking account have this limit between 500.000 and 1.000.000 Euro.

    17. Re:Unlike Monopoly by gl4ss · · Score: 1

      paypal couldn't have done the transaction, with not being a bank and all.

      --
      world was created 5 seconds before this post as it is.
    18. Re:Unlike Monopoly by AmiMoJo · · Score: 1

      I wonder if he could have flash-crashed their stock sending them out of business?

      We can dream....

      --
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    19. Re:Unlike Monopoly by Anonymous Coward · · Score: 0

      Yes it is, in Luxembourg.

    20. Re:Unlike Monopoly by dunkelfalke · · Score: 1

      It actually kinda is. Paypal Europe has got a banking license in Luxembourg.

      --
      "It's such a fine line between stupid and clever" -- David St. Hubbins, Spinal Tap
    21. Re:Unlike Monopoly by mysidia · · Score: 1

      Can PayPal do that? They've worked so hard to not be a bank, would they be able to blacklist you in bank systems?

      I am pretty sure Paypal would be able to report ACH "fraud".

      As for Chexsystems; I don't know. You don't necessarily have to be a bank to report to them though -- you could be a retailer, for example.

    22. Re:Unlike Monopoly by Anonymous Coward · · Score: 0

      And only there. In the country (MY country, by the way), where *everybody* can get a banking license. Why do you think all the banks come here? We have more banks than the USA has burger joints. In and around the capital city, there are areas where more than 50% of the buildings are banks. And what banks. "Second International Bank of Nigeria"... Residing in a nice two-family house on a side-street.
      Yeah...

      PayPal insists that it isn't a bank anywhere else. Only then can they just steal money from people with the excuse of "suspicious activities". Like sudden spikes in income. See: Notch, of Minecraft fame.
      This would be illegal for a bank. But not for PayPal. Which is the point we're making.

  11. I can't math by slashmydots · · Score: 4, Funny

    "it said he had a $92,233,720,368,547,800 balance in his account. 'I'm just feeling like a million bucks"
    Someone's not so good at math, lol.

    1. Re:I can't math by buswolley · · Score: 1

      He's saying, "Please let me keep just 1 million. Please!!!!"

      --

      A Good Troll is better than a Bad Human.

    2. Re:I can't math by sootman · · Score: 5, Funny

      He's a multi-quadrillionaire, he doesn't have to be good at math.

      --
      Dear Slashdot: next time you want to mess with the site, add a rich-text editor for comments.
  12. PayPal sucks ... by pmikell · · Score: 1

    ... but on this occasion the suck was in a customer's favour. He could spend all of it and still be morally superior to PayPal.

  13. In other news by Anonymous Coward · · Score: 0

    PayPal changed its name today to PayLoverForWhoYouWouldPerformAnySexualActImaginable in order to more accurately reflect the nature of its customer relationships.

  14. Let me fix that for you. by Anonymous Coward · · Score: 0

    Bank Error In Your Favor means you Go Directly To Jail if you try to spend the money.

    Large Corporation Error in Citizen's Favor means you get anally raped.

    Seriously, even if you don't try to spend it, all they have to do is suspect you made it happen and you Go Directly To Jail.

    Remember, children, Corporations are not just people, they are important people. And you aren't.

  15. 92 Billiard Dollars by acid_andy · · Score: 3, Interesting

    I prefer the term $92 billiard.

    I know, the Long Scale is seen as very archaic these days but the short scale just seems to run out of puff too quick. Quadrillion, indeed!

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    1. Re:92 Billiard Dollars by Anonymous Coward · · Score: 0

      Pff. You aren't going to snooker me with your crazy made up word. I know a bazillion when I see one!

    2. Re:92 Billiard Dollars by Arrepiadd · · Score: 1

      I know, the Long Scale is seen as very archaic these days

      As a native from a non-English speaking European country, I wonder what's the "problem" with the long scale. Certainly here no one sees it as archaic.

    3. Re:92 Billiard Dollars by jez9999 · · Score: 1

      On the contrary. There are plenty of prefixes after quad- (quint-, sext-, sept-, oct-, etc.) which almost never get used. Even quadrillion is very rare. The long scale needlessly wastes these prefixes and confusingly (IMHO) alternates two suffixes.

    4. Re:92 Billiard Dollars by Anonymous Coward · · Score: 0

      Agreed, the alternation is ugly, but not nearly as ugly as the extra initial thousand in the short system.

    5. Re:92 Billiard Dollars by dkleinsc · · Score: 1

      Oh, I like billiards, particularly when I'm losing badly but then my opponent scratches on the 8-ball.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
  16. Read the story and then saw the truth by chemosh6969 · · Score: 1

    it was only in an email and not really on his account

  17. No need to offer to pay off the national debt by king+neckbeard · · Score: 1

    No need to pay off the national debt, he would owe the IRS over 36 quadrillion dollars. Even if he only pays Google's tax rate of 2.4%, that's still 2.2 quadrillion dollars.

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  18. 92 quad by Anonymous Coward · · Score: 0

    if I had 92 Quad dollars Id buy the united states, then kick everybody out and give it back to the indians. Then Id PARRRRRRRTTTYYYYYYYY!

    1. Re:92 quad by DigitalReverend · · Score: 1

      I am pretty sure that if you gave it back to the Native Americans (which is what I assume you mean by Indians) that they'd probably wouldn't let you stay either.

      --
      I read Slashdot for the headlines, because the headlines, unlike the articles, are usually original and never duplicated
  19. What would happen with a national debt of $0? by darth_borehd · · Score: 1

    Let's say he actually paid the national debt. I know it's just a mistake, but wouldn't there be seemed lag time between the debt being paid and them correcting it?

    If so, what affect would having our debt be at 0 for a day be? For a few hours? Minutes? Seconds?

    1. Re:What would happen with a national debt of $0? by BrokenHalo · · Score: 1, Informative

      If so, what affect would having our debt be at 0 for a day be?

      I can tell you exactly what it would be like. We would see a massive spike in the US military budget, and half a dozen new wars started.

    2. Re:What would happen with a national debt of $0? by Anonymous Coward · · Score: 1

      More accurately welfare programs to would be expanded to unprecedented levels. Oh wait, we've been there and done that already.

    3. Re:What would happen with a national debt of $0? by Anonymous Coward · · Score: 1

      The national debt wouldn't just reduce to zero, even if there were suddenly enough money to pay it off completely. Much of the debt is held in the form of debentures. These are essentially contracts detailing a schedule for paying back a loan, including interest and the principal on the maturity date. These would still be outstanding, unless the government somehow recalls them (which they probably could with enough money).

      If the government did manage to completely pay off the national debt in a very short period of time the result would likely be almost immediately catastrophic as the economy suddenly has trillions of dollars injected into it.

    4. Re:What would happen with a national debt of $0? by Shados · · Score: 3, Insightful

      Probably all of these answers, but in the end, one thing we know for sure: if you paid the debt today, it would be back tomorrow.

  20. That's WAY more cash than there is in the world by Anonymous Coward · · Score: 0

    This is a great example of how when numbers get too large our intuition fails us. The first estimate I could find of worldwide cash supply is about 4 trillion in USD (http://money.howstuffworks.com/how-much-money-is-in-the-world1.htm ).

    That means Chris would have had about 23,000 times the total amount available. Cool.

  21. uh oh by slashmydots · · Score: 4, Insightful

    That's awfully suspicious. They better freeze Paypal's account, ignore all e-mails, refuse to admit they did it on support phone calls, and take 3 months to resolve it.

    1. Re:uh oh by Anonymous Coward · · Score: 0

      In other words service better than PayPal could hope for.

  22. Think about it though... by JasoninKS · · Score: 1

    Frankly, I'm surprised their systems were even able to handle a number that large!

    1. Re:Think about it though... by MozeeToby · · Score: 1

      Why impose an arbitrary limit on yourself when you can just use an unsigned long?

  23. Correction by wonkey_monkey · · Score: 1

    'I'm just feeling like a million bucks,' the [Philadelphia] Daily News told Reynolds to say so they could get a clichéd quote from him yesterday.

    FTFY

    --
    systemd is Roko's Basilisk.
  24. Informative by Anonymous Coward · · Score: 0

    Unfortunately he didnt even touch that money because when he checked the following day, his account was sitting on 0. Poor guy was too overexcited

  25. cash and run by beefoot · · Score: 1

    Cash and run!

  26. Time to check my Paypal balance. by Jason+Levine · · Score: 1

    I have a Paypal account too.

    *checks account balance*

    *sees it's the same as before*

    *cancels ordering giant yacht*

    --
    My sci-fi novel, Ghost Thief, is now available from Amazon.com.
  27. How much solar system does this buy? by Anonymous Coward · · Score: 0

    If I remember rightly, isn't this figure something like 400 times the actual final material value of human civilization once everything's been extracted this century? (Not talking about the fake paper money stuff).

    This guy could possibly now buy the entire solar system.

  28. That's about how much it would be... by mark-t · · Score: 1

    ... for a 10% downpayment on a Death Star.

  29. Buy everyone a house by drmario · · Score: 1

    He could buy everyone in the world a house with that. Bank error in your favor never looked so good :)