Blackballed by PayPal, Sci-Hub switches to Bitcoin (coindesk.com)

Article summary

The article discusses Sci-Hub's switch to Bitcoin after being blackballed by PayPal. Sci-Hub relies on international donations, and Bitcoin provides a means for secure and private transactions. The success of this switch is unclear, but Bitcoin has been successful for sites like Sci-Hub and WikiLeaks. Bitcoin's use as a currency is still limited, particularly for small transactions.

Main themes

• Bitcoin and cryptocurrency
• Privacy and security
• Financial regulation
• Sci-Hub and censorship
• Technological innovation
• Global finance and power dynamics

What commenters say

• Bitcoin is not well-suited for small, everyday transactions due to its limitations and high fees.
• The use of Bitcoin and other cryptocurrencies can provide a means for anonymous and private transactions, which is beneficial for certain individuals and organizations.
• Some argue that Bitcoin's limitations are a result of a failure of vision, while others see it as a new and disruptive technology that should not be judged by traditional currency standards.
• The use of mixers and other services can help to increase anonymity, but also carries risks and potential downsides.
• Bitcoin and other cryptocurrencies can be used for both legitimate and illicit purposes, and their use is not limited to any particular group or ideology.
• The development of new technologies, such as Lightning and sidechains, may help to address some of the limitations of Bitcoin and increase its usability.
• The use of Bitcoin and other cryptocurrencies raises questions about the balance between privacy, security, and regulation.
• Some argue that the benefits of Bitcoin and other cryptocurrencies, such as increased privacy and security, outweigh the potential risks and downsides.