Date: Mon, 31 Dec 2001 00:38:19 -0800 From: Josef Grosch <jgrosch@mooseriver.com> To: Brett Glass <brett@lariat.org> Cc: Terry Lambert <tlambert2@mindspring.com>, chat@FreeBSD.ORG Subject: Re: Confirm Your PayPal Membership Message-ID: <20011231003819.A24218@mooseriver.com> In-Reply-To: <4.3.2.7.2.20011231011757.01d72730@localhost>; from brett@lariat.org on Mon, Dec 31, 2001 at 01:19:33AM -0700 References: <4.3.2.7.2.20011226145226.021974b0@localhost> <4.3.2.7.2.20011227092550.01c87ae0@localhost> <3C2FCA60.99829AA7@mindspring.com> <4.3.2.7.2.20011231011757.01d72730@localhost>
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On Mon, Dec 31, 2001 at 01:19:33AM -0700, Brett Glass wrote: > At 07:16 PM 12/30/2001, Terry Lambert wrote: > > >The PayPal approach is very similar to any company that provides > >factor financing services, or any other service resulting in a > >rediscounting of the paper: they take the float in exchange for > >their service. > > "Float" is one thing. Forcibly tying up people's money without > their consent is quite another. > > I suspect that if there were ever a "run" on PayPal's accounts > it would be discovered that it did not have the funds to cover > what it owed. So, you are basically saying the PayPal is a ponzi scheme? Josef -- Josef Grosch | Another day closer to a | FreeBSD 4.4 jgrosch@MooseRiver.com | Micro$oft free world | www.bafug.org To Unsubscribe: send mail to majordomo@FreeBSD.org with "unsubscribe freebsd-chat" in the body of the message
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