BITCOIN IS THE FUTURE: PAYPAL CHANGES TERMS OF SERVICE TO TAKE YOUR CONTENT

PayPal has joined forces with Bitcoin as a sort of keep-your-friends-close-and-your-enemies closer tactic. Bitcoin is designed to overtake and make obsolete services like Paypal and Western Union. It is faster, less expensive, and doesn’t require their third-party services to accomplish the same objectives. It is a better PayPal, and they know it.

Now that the Internet has borne this superior option, it would be wise for PayPal to foster a stronger connection with its customer base to keep them happy and in the fold, no? PayPal doesn’t see it that way. In fact, they may be looking to drive more people towards the freedom and convenience of Bitcoin with their upcoming changes this summer.

PayPal’s Terms of Service to change July 1st, 2015

If you haven’t seen this, you should, and you should share this with your friends, family, anyone who used PayPal in connection with a website providing online content. On July 1st, 2015, Paypal will update it’s TOS agreement to take away any and all intellectual rights to any content you provide online. If you use Paypal to accept PayPal, they will attempt to take ownership of any online content you add to your business or website. Here is a key excerpt that basically starts the new PayPal TOS:

Amendment to the PayPal User Agreement.

Intellectual Property
We are adding a new paragraph to section 1.3., which outlines the license and rights that you give to us and the PayPal Group (see paragraph 12 below for the definition of “PayPal Group”) to use content that you post for publication using the Services. A similar paragraph features in the Privacy Policy, which is removed by the addition of this paragraph to the User Agreement. The new paragraph at section 1.3 reads as follows:

“When providing us with content or posting content (in each case for publication, whether on- or off-line) using the Services, you grant the PayPal Group a non-exclusive, worldwide, perpetual, irrevocable, royalty-free, sub-licensable (through multiple tiers) right to exercise any and all copyright, publicity, trademarks, database rights and intellectual property rights you have in the content, in any media known now or in the future. Further, to the fullest extent permitted under applicable law, you waive your moral rights and promise not to assert such rights against the PayPal Group, its sublicensees or assignees. You represent and warrant that none of the following infringe any intellectual property right: your provision of content to us, your posting of content using the Services, and the PayPal Group’s use of such content (including of works derived from it) in connection with the Services.”

If you haven’t been following these developments, multi-national businesses are working with governments to take control of internet usage, regulations, and even local government utilities through international treaties like the Trans-Pacific Partnership (TPP). The TPP is being secretly being constructed, without public or legislative consult, and is a massive outline of future controls by businesses on many aspects of your life. You aren;’t supposed to know what lies ahead with the TPP. Search online for more information on the TPP, and check WikiLeaks for more details on what little has been exposed to this attack on freedom. This is clearly a step along these growing lines of corporate fascism.

It looks like PayPal has joined the dark side, but freedom rings within the Bitcoin community, and this just underscores why Bitcoin is here and why it is the future of online technology and business. It’s all about control. Their control. See the link above about their plans for biometric control over your account. Paypal looks ready to confiscate your online content, and your business if you let them. Bitcoin brings power to the people. The choice is yours. Consider yourselves warned.

Is PayPal on a righteous path or are they on the wrong side of history? Do you like owning your content, or can PayPal take it, just because you use their payment service? Share above and comment below.

WAYS TO EARN BITCOINS

Bitcoin is the newest craze. You’ve heard the stories of the average Joe whose initial small Bitcoin investment turned into millions nearly overnight. Unsurprisingly, you want to get in on the action. Fortunately for you, it isn’t too late! Bitcoin is a very young currency and it’s growing every day. Many bitcoin enthusiasts believe that people who invest even today are ‘early adopters': people who are taking the leap to try out Bitcoin and may get large returns on their investment in the future. 

There are many ways to earn bitcoins. Any job that you can do to get paid for in a national currency, you can in theory get paid for in Bitcoin. Here are some things you can do to get Bitcoin:

Mine

If you’ve been following Bitcoin in the news recently, it’s likely that you’ve heard of ‘Bitcoin Mining’. And no, get that image out of your head of thousands of people traveling to a physical underground cave and mining bitcoin ore. Bitcoin mining all takes place on a computer: the computer attempts to solve a mathematical problem, and everyone who’s mining for Bitcoin competes to solve it first. Whoever solves it first gets about 25 bitcoins. It may seem like computers can solve the problem in a few seconds, but this isn’t the case. As bitcoin mining has evolved, people have been creating computers specifically made for mining Bitcoin. As the problems are solved faster, the difficulty of the problems increase and become harder to solve.

You can try to mine bitcoins, but at this point it isn’t likely you’ll make a profit anytime soon. People and companies have invested millions into mining hardware, and it’d be difficult for a small-time miner like you to compete against them. Taking into account the cost of the electricity your hardware uses to mine and the difficulty of the problems increasing, your chances of making a profit are slim, and it’d take months for you to make a return on your investment if at all. Your best bet would be to try to find a place with ‘free’ electricity; an example of this would be an apartment where the electricity comes with the rent, so you won’t be directly paying for all of the electricity the miner uses.

Here are some terms you should know while doing research:

• ROI: Return On Investment. The amount of time it’ll take to start to make a profit on the miner. This may or may not take into account shipping, electricity and/or pool fee costs.
• Hash: How many calculations a miner runs through in a second. One hash=one calculation. Note: Every hash unit (e.g. Kilohash, Megahash) from here on out has 1,000 times the hashrate of the last.
• KH/s: Kilohashes/second. One Kilohash=1,000 hashes.
• MH/s: Megahashes/second. One Megahash=1,000,000 hashes.
• GH/s: Gigahashes/second. One Gigahash=1,000,000,000 hashes
• TH/s: Terahashes/second. One Terahash=1,000,000,000,000 hashes.
• PT/s: Petahashes/second. One Petahash=1,000,000,000,000,000 hashes.
• W: Watt. A measurement of the amount of electricity the miner uses. A higher wattage means the miner uses more electricity, and your electric bill will be higher.
• ASIC: Application-Specific Integrated Circuit. In general, an ASIC is an electronic chip designed for a specific use. Specifically in Bitcoin, ASICs are powerful computer chips used to mine Bitcoin. The introduction of ASIC chips greatly increased hashrates for Bitcoin miners.
• Algorithm: Each digital currency has an ‘algorithm'; quite a few algorithms exist. Bitcoin uses one called SHA-256. If you see a miner called a ‘Scrypt’ miner, it probably doesn’t work with Bitcoin. However, all miners that are ‘SHA-256′ miners can be used to mine Bitcoin.

Find Work

As stated above, you can theoretically get paid in Bitcoin for doing anything you can get paid for in any other currency. As Bitcoin is so young and constantly growing, newly-created Bitcoin companies are almost always hiring. You can try to find a job for which you’ll get paid in Bitcoin at any of these sites:
• Coinality.com– A Bitcoin job board. People post jobs that they’re hiring people to do and people looking for work apply for the job if they’re interested.
• /r/Jobs4Bitcoins on reddit– Offer your services and hope someone contacts you with a job offer or browse listings of people looking for people to hire.
• Work For Bitcoin (BitTask)– Another Bitcoin job board.
• BitcoinTalk Services forum– Similar to a Bitcoin job board but in forum form: businesses can offer jobs and users can offer their services to work. Interested users either reply or private message the offering user.