Tag Archives | PayPal

PayPal And SETI Are Working On An Off-Planet Currency

off-planet currencyEarthly problems are being spread to outer space. The International Business Times reports:

On Thursday, the online payment giant PayPal announced PayPal Galactic, a collaboration with the SETI Institute aimed at developing new payment systems for the final frontier. The frontier is here: Virgin Galactic is launching its first public flight this Christmas, and space hotels could be in orbit around Earth as early as 2016.

“As space tourism programs are opening space travel to ‘the rest of us,’ this drives questions about the commercialization of space,” PayPal President David Marcus said. “One thing is clear: We won’t be using cash in space.”

There are lots of questions about what form a space-friendly money system might take. Will spaceships and habitats have the communications technology needed to transfer money? How will banks manage accounts for people living off-planet? How will government financial regulations pertain to people in space (perhaps to curtail a new kind of “offshore banking”)?

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Wikileaks’ Mastercard Parody

Wikileaks is suffering under a banking blockade. In response, they decided to help make Mastercard's advertising more accurate:
Censorship, like everything else in the West, has been privatized. For six months, five major US financial institutions, VISA, MasterCard, PayPal, Western Union and the Bank of America have tried to economically strangle WikiLeaks as a result of political pressure from Washington. The attack has blocked over 90% of donations, costing some $15M in lost revenue. The attack is entirely outside of any due process or rule of law. In fact, in the only formal review to occur, US Treasury Secretary Timothy Geithner found, on January 12, that there were no lawful grounds to add WikiLeaks to a financial blockade.
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WikiLeaks Latest: Nobel Peace Prize For Assange? Social Networks Go Hostile

Wikileaks_logoThe single biggest story everywhere is the incredible saga surrounding WikiLeaks and larger than life leader Julian Assange, now languishing in a British jail. Among today’s headlines:

I want you to know, I am not defending Assange. I think he is a dirt bag. I think he is a dirt bag. He obviously has no problem using his 15 minutes of fame to sleep with anyone who is crawling.

But I have to tell you something, if you look at the people who are all lining up in defense of Julian Assange, and you see that these two are uber-leftists as well and you know the case that we have laid out over especially the last six months of bottom-up, top-down and inside-out, something is wrong.

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