Hey you paybox me haters.. Chad this means you! You too omlette...

Taken DIRECTLY FROM THEIR FUCKING SITE, EXACTLY WORD FOR WORD WHAT I SAID.

Quote:

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Account Balances
All account balances are held in PayBox currency. PayBox maintains a currency that is autonomous and independent of all nations and governments. The PayBox currency is denominated in dollars and cents (similar to the currency of the United States and over 20 other countries). The PayBox currency is currently in a closed system, and cannot be exchanged or spent. Before long we plan to open our currency to be spent and exchanged just as you can with any other currency. Our plans include person-to-person transactions (via the Internet and over cell phone text messages), integration with merchants and shopping cart systems, debit card transactions (through an issued debit card linked to your account), and more. The value of our currency is estimated to be close to that of the U.S. dollar. As is the case with any currency, once the PayBox currency becomes openly exchangeable, its value as weighted against other world currencies can and will fluctuate due to forces beyond our control.

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STILL CAN'T SEE IT? HMM, LET ME BOLD IT AND UNDERLINE IT FOR YOU AND MAKE IT RED, ASSHOLES.

Quote:

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Account Balances
All account balances are held in PayBox currency. PayBox maintains a currency that is autonomous and independent of all nations and governments. The PayBox currency is denominated in dollars and cents (similar to the currency of the United States and over 20 other countries). The PayBox currency is currently in a closed system, and cannot be exchanged or spent. Before long we plan to open our currency to be spent and exchanged just as you can with any other currency. Our plans include person-to-person transactions (via the Internet and over cell phone text messages), integration with merchants and shopping cart systems, debit card transactions (through an issued debit card linked to your account), and more. The value of our currency is estimated to be close to that of the U.S. dollar. As is the case with any currency, once the PayBox currency becomes openly exchangeable, its value as weighted against other world currencies can and will fluctuate due to forces beyond our control.

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OHHH SO WHAT NOW, NO WHERE IN THEIR FUCKIN' TERMS OF SERVICE DOES IT SAY THAT THEY ARE MAKING THEIR OWN CURRENCY, WOULD YOU CONSIDER PAYPAL IT'S OWN CURRENCY? NO, YOU WOULDN'T, BECAUSE YOU CAN GET IT TO AND FROM YOUR BANK / CREDIT CARDS, PAYBOX DOESN'T HAVE THAT YET BUT THEY ARE WORKING ON IT, IF ANYONE HAS ANY MORE FUCKIN' SHIT TO TALK ABOUT PAYBOX, GO COMPLAIN TO THEM FUCKKKKK. >:(

/end rage

Paypal is usd
Paybox is paybox dollars
ERRR DERRR PAYBOX+DEBIT CARDS MUST MEAN ITS REAL MONEY EH DER.
Money is what you make it,
oh and this isnt from the tos
read that, and your right it dosent openly say its its own currency but if you read the tos and understand big words youll figure it out.

"RAGE RAGE RAGE"

Did you even read the part you highlighted in red?
Read the bold words and underlined.

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Before long we plan to open our currency to be spent and exchanged just as you can with any other currency. Our plans include person-to-person transactions (via the Internet and over cell phone text messages), integration with merchants and shopping cart systems, debit card transactions (through an issued debit card linked to your account), and more. The value of our currency is estimated to be close to that of the U.S. dollar. As is the case with any currency, once the PayBox currency becomes openly exchangeable, its value as weighted against other world currencies can and will fluctuate due to forces beyond our control.

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Originally Posted by gangsta omlett

Paypal is usd
Paybox is paybox dollars
ERRR DERRR PAYBOX+DEBIT CARDS MUST MEAN ITS REAL MONEY EH DER.
Money is what you make it,
oh and this isnt from the tos
read that, and your right it dosent openly say its its own currency but if you read the tos and understand big words youll figure it out.

"RAGE RAGE RAGE"

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Fuck you, yes it is, would you like me to link you?

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Originally Posted by Chad

Did you even read the part you highlighted in red?
Read the bold words and underlined.

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No shit eh, you don't think I read that over and over again?

The last part (at least I think) means THE VALUE OF THE PAYBOX DOLLAR TO US DOLLAR COULD RAISE OR LOWER AT ANY TIME, JUST LIKE HOW THE CANADIAN DOLLAR IS CONSTANTLY FLUCTUATING BETWEEN UNDER 1.00 USD TO OVER 1.00 USD.

As a second year study of Legality in economics. I would like to set the level straight. PayBox.me is (and do not take this seriously,) attempting to create it's own currency. Although this is great, the only actual value of their currency is that of about monopoly money (Well less, you actually have to pay USD to get monopoly money.)

Now could PayBox.me create their own currency that is recognized as a legal currency? Yes! But they would have to own their own country, basically they would need to own a large mass of land, and declare it a sovereign country. Of course being that, that is highly unlikely to happen, how else could they create their own currency? Well they would need to back their currency with an already existing currency for trading value. What this means is if $1 (PayBox.me) was to be used to buy a $1 (USD) keychain PayBox.me must actually pay $1 (USD) and then take away your $1 (PayBox.me) Why isn't this what is happening? Because PayBox.me is not making any money! That means for every $1 (PayBox.me) anyone makes on the site, PayBox.me must make $1 (USD) to back it, which is not happening.

Thanks for listening, good-luck-to-ya-then.

P.S. I have $40,247 PayBox.me, anyone want some?

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Originally Posted by Chris

As a second year study of Legality in economics. I would like to set the level straight. PayBox.me is (and do not take this seriously,) attempting to create it's own currency. Although this is great, the only actual value of their currency is that of about monopoly money (Well less, you actually have to pay USD to get monopoly money.)

Now could PayBox.me create their own currency that is recognized as a legal currency? Yes! But they would have to own their own country, basically they would need to own a large mass of land, and declare it a sovereign country. Of course being that, that is highly unlikely to happen, how else could they create their own currency? Well they would need to back their currency with an already existing currency for trading value. What this means is if $1 (PayBox.me) was to be used to buy a $1 (USD) keychain PayBox.me must actually pay $1 (USD) and then take away your $1 (PayBox.me) Why isn't this what is happening? Because PayBox.me is not making any money! That means for every $1 (PayBox.me) anyone makes on the site, PayBox.me must make $1 (USD) to back it, which is not happening.

Thanks for listening, good-luck-to-ya-then.

P.S. I have $40,247 PayBox.me, anyone want some?

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Ahh, so YOU are Mr. Auto Registration.php ;)

So how does Paypal get away with doing this then?

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Originally Posted by zzGoWR

Ahh, so YOU are Mr. Auto Registration.php ;)

So how does Paypal get away with doing this then?

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By keeping idiots like you away from it.

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Originally Posted by zzGoWR

Ahh, so YOU are Mr. Auto Registration.php ;)

So how does Paypal get away with doing this then?

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Paypal takes your money and puts it in a secure trust inviroment (PayPal Inc. holds your funds in its bank,) when you go to spend it it comes form them. Get it? Paypal has no currency they deal directly through your currency like a middle man.

Credit Card -> PayPal -> Ebay
Ebay -> Paypal -> Credit Card

Chris is right, besides with Paypal, you have to put your own money into it, they dont just GIVE it away, And he is right, Paypal is just a middleman service.

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Originally Posted by ~Jay~

zZGoWR is actually quite known, get out of the JY and you'll see him everywhere, at least his posts have meaning, atleast his posts are cool.

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Im so glad i held on to this quote.

Quote:

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Originally Posted by Chris

As a second year study of Legality in economics. I would like to set the level straight. PayBox.me is (and do not take this seriously,) attempting to create it's own currency. Although this is great, the only actual value of their currency is that of about monopoly money (Well less, you actually have to pay USD to get monopoly money.)

Now could PayBox.me create their own currency that is recognized as a legal currency? Yes! But they would have to own their own country, basically they would need to own a large mass of land, and declare it a sovereign country. Of course being that, that is highly unlikely to happen, how else could they create their own currency? Well they would need to back their currency with an already existing currency for trading value. What this means is if $1 (PayBox.me) was to be used to buy a $1 (USD) keychain PayBox.me must actually pay $1 (USD) and then take away your $1 (PayBox.me) Why isn't this what is happening? Because PayBox.me is not making any money! That means for every $1 (PayBox.me) anyone makes on the site, PayBox.me must make $1 (USD) to back it, which is not happening.

Thanks for listening, good-luck-to-ya-then.

P.S. I have $40,247 PayBox.me, anyone want some?

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I want some ;o
send it to me ;o