You are right in what you say but you are missing the story here. Paypal isn't a money transfer service like it pretends to be, it's a bunch of crooks pretending to be a bank.
Paypal deserves to go bust and its management thrown in jail for the very many instances of theft they have committed over the years.
Anyone that hasn't seen the near endless stories about paypal closing accounts and keeping the cash for the most flimsy reason should exercise their googling skills.
That seems like a big story. Why don't you submit it to the Slashdot editors as a piece in its own right? Have you talked to like Wired Magazine or other place? I would think PayPal would not want that to be known.
Paypal's practices are well known already, there is a whole litigation section on paypal's wikipedia page and a few hate sites like paypalsucks.com, aboutpaypal.org, screw-paypal.com spreading the news.
Fractional reserve means that if they take in $1000, they can only lend out some smaller percentage of that. With a 10% system, they can lend out only $900.
That is not the way it works. If you lend a bank $1000 and the system has a 10% reserve they can lend out $9000. They invent the difference out of thin air.
There are plenty of pages explaining this con trick if you want to google for them.
A few years back PayPal had closed my account without warning. It locked about $400 in it. It took about a week for them to finally tell me what was up, and they told me I'd have to wait up to 180 days to receive these funds. It took way longer, but I finally got my check. I'm never going to use PayPal again.
Count yourself lucky. Most people don't get the cheque.
Paypal have been dodgy for years now, but if they have to go on a robbing spree I guess Indians are as good a target as anyone else.
Anyone that doesn't know about paypal's sleazy practices should treat this as a wake up call, close their account, and cancel any credit cards paypal know about.
This bunch really don't seem to get that "trust us" doesn't wash. I hope that a) they get turfed out at the next election and b) their replacements are in some fashion better.
a) Highly likely. b) Highly unlikely. You don't really think that any replacement government would choose to give up any of their police state powers do you?
That Mandelson is a real crafty cocker. He wants power, and more power, and the more he gets, the more he wants. He can't be satisfied.
So in that respect he is just like every other politician. The only way to tell these scum apart is by the different lies they tell to con people into voting for them.
If you are really worried about having an insecure link you could try creating a tunnel or VPN between the two machines. These can be long term connections setup indefinitely and have provide their own layer of security. Then just make sure you SSH through the VPN/Tunnel to get back to the server. This will protect your hand shaking between the two systems.
Protect your ssh handshaking from what exactly? This is a pointless step that will reduce bandwidth without adding any extra security.
Also be sure to have you private/public keys setup. For ease of use they do not need to have a password (although they can), which is handy for using scp.
Or why not just use password authentication and write the password on a post it? This guy wants to increase his security not waste CPU cycles and bandwidth and not reduce his security.
I hope the submitter realized that the only reason MS even bothered with any of this is thanks to them getting an ass pounding over the last few years for not giving a shit about security. Your welcome MS drones.
MS have never got the 'ass pounding' their security record has earned. If the security problems they cause cost them just 1% of what they cost their customers they would be bankrupt fairly quickly.
Software is weird, where else would you not be responsible for the faults in the products you sell?
If Chrome can't block ads it's not ready for the internet. It doesn't matter what else it does and doesn't do, blocking stupid flashing graphics is the main function of web browsers these days.
In the United States, we'll shoot at helicopters with actual people in them. If Homeland Security tried to spy on us with drones, it would become a sport to shoot them down. And they WOULD go down, too. Lots of expensive wreckage.
These drones go 20,000ft high, you can't even see them yet alone shoot at them.
Slashdot Mirror
And don't forget, India was mostly unaffected by our recent economic downturn because of their draconian economic laws.
India was mostly unaffected by the recent economic downturn because you can't lose what you never had.
You are right in what you say but you are missing the story here. Paypal isn't a money transfer service like it pretends to be, it's a bunch of crooks pretending to be a bank.
Paypal deserves to go bust and its management thrown in jail for the very many instances of theft they have committed over the years.
Anyone that hasn't seen the near endless stories about paypal closing accounts and keeping the cash for the most flimsy reason should exercise their googling skills.
And then you trust in another company... just like you would trust PayPal...
You are right. But paypal has spent years building up a bad reputation and xetrade has spent years building up a good one.
Whoever you deal with it's worth checking them out first.
That seems like a big story. Why don't you submit it to the Slashdot editors as a piece in its own right? Have you talked to like Wired Magazine or other place? I would think PayPal would not want that to be known.
Paypal's practices are well known already, there is a whole litigation section on paypal's wikipedia page and a few hate sites like paypalsucks.com, aboutpaypal.org, screw-paypal.com spreading the news.
It's not like I discovered something new here.
If you lend a bank $1000 and the system has a 10% reserve they can lend out $9000. They invent the difference out of thin air.
You are wrong. They *must* keep 10% in reserve. That's what fractional reserve banking is.
They do keep 10% in reserve. The $1000 you gave them is that 10% reserve allowing them to lend out the other 90% ( which comes from thin air. )
Don't take my word for it though, google and wikipedia have all the answers.
On another note PLEASE stop saying 'nutters' so much. It distracts from your statements.
Paypal have been canceling accounts randomly and keeping the cash for many years now
Them's fightin' words. Care to back 'em up with some evidence, pardner?
They tried it on me. After a little looking around I found I wasn't alone in this, they really do randomly scam their own customers.
There are stories on paypalsucks.com
Not practical if the payment's coming from the US - my bank charges $40 for an international wire transfer, and that's not out of the ordinary.
You could always use something like xetrade.com and bypass your banks excessive charge.
The alternative suggested is US only. PayPal works everywhere, which is why people use them.
And those people get robbed every once in a while. Paypal are not to be trusted.
"Banks don't create money?"
No, they don't. Our money doesn't exist anyways as it's fiat and not backed by something tangible.
Are there any currencies left that are backed by anything tangible?
Fractional reserve means that if they take in $1000, they can only lend out some smaller percentage of that. With a 10% system, they can lend out only $900.
That is not the way it works. If you lend a bank $1000 and the system has a 10% reserve they can lend out $9000. They invent the difference out of thin air.
There are plenty of pages explaining this con trick if you want to google for them.
A few years back PayPal had closed my account without warning. It locked about $400 in it. It took about a week for them to finally tell me what was up, and they told me I'd have to wait up to 180 days to receive these funds. It took way longer, but I finally got my check. I'm never going to use PayPal again.
Count yourself lucky. Most people don't get the cheque.
I think PayPal is run by cowboys.
Paypal have been canceling accounts randomly and keeping the cash for many years now. That's just another revenue stream for them.
If you use paypal heavily they will rob you sooner or later.
Paypal have been dodgy for years now, but if they have to go on a robbing spree I guess Indians are as good a target as anyone else.
Anyone that doesn't know about paypal's sleazy practices should treat this as a wake up call, close their account, and cancel any credit cards paypal know about.
This bunch really don't seem to get that "trust us" doesn't wash. I hope that a) they get turfed out at the next election and b) their replacements are in some fashion better.
a) Highly likely.
b) Highly unlikely. You don't really think that any replacement government would choose to give up any of their police state powers do you?
That Mandelson is a real crafty cocker. He wants power, and more power, and the more he gets, the more he wants. He can't be satisfied.
So in that respect he is just like every other politician. The only way to tell these scum apart is by the different lies they tell to con people into voting for them.
Some large organizations inspire creativity. Granted not many.
Who? There is Google but who else actually inspires creativity rather than crushing it?
From what I've seen small companies are the way to go, big companies get infected with 'career manager' types.
Here is a better idea, do not open ssh to the world. Make them vpn in first, then ssh. Security in layers.
There is little to no additional security in that. The problem isn't getting cracked from the network it's getting cracked on your client machine.
If you are really worried about having an insecure link you could try creating a tunnel or VPN between the two machines. These can be long term connections setup indefinitely and have provide their own layer of security. Then just make sure you SSH through the VPN/Tunnel to get back to the server. This will protect your hand shaking between the two systems.
Protect your ssh handshaking from what exactly? This is a pointless step that will reduce bandwidth without adding any extra security.
Also be sure to have you private/public keys setup. For ease of use they do not need to have a password (although they can), which is handy for using scp.
Or why not just use password authentication and write the password on a post it? This guy wants to increase his security not waste CPU cycles and bandwidth and not reduce his security.
I use OpenSSH to connect to my Slackware Linux boxes remotely from Linux and WinXP (putty.exe) clients.
You are fixing a non-problem. You should be fixing the weakest point of attack first, that being the windows machine you are connecting from.
No, I think the reason I, personally, am depressed is because I'm a heavy internet user and I'm stuck living in FUCKING CENTRAL KENTUCKY.
If you don't like where you live feel free to move. You have the whole US to choose from and the whole world if you want to face visa requirements.
Ok. Ok. We all get that correlation does not imply causation. Please stop saying that now - everybody knows.
I hope the submitter realized that the only reason MS even bothered with any of this is thanks to them getting an ass pounding over the last few years for not giving a shit about security. Your welcome MS drones.
MS have never got the 'ass pounding' their security record has earned. If the security problems they cause cost them just 1% of what they cost their customers they would be bankrupt fairly quickly.
Software is weird, where else would you not be responsible for the faults in the products you sell?
If Chrome can't block ads it's not ready for the internet. It doesn't matter what else it does and doesn't do, blocking stupid flashing graphics is the main function of web browsers these days.
but where did you go?
The Netherlands.. Not far enough really.
In the United States, we'll shoot at helicopters with actual people in them. If Homeland Security tried to spy on us with drones, it would become a sport to shoot them down. And they WOULD go down, too. Lots of expensive wreckage.
These drones go 20,000ft high, you can't even see them yet alone shoot at them.