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TagDavid Sacks

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Freedom Convoy 2022 sign

No-Buy Lists Are the Next Big Thing After Debanking

When a big online financial service like PayPal works closely with government to monitor citizens, it is violating its founding ideals

Yesterday, Jonathan Bartlett was writing about the way banks were becoming political in terms of who they are choosing to do business with, otherwise known as debanking. Another trend to watch for is no-buy lists, according to former PayPal COO David Sacks: When I helped create PayPal in 1999, it was in furtherance of a revolutionary idea. No longer would ordinary people be dependent on large financial institutions to start a business. Our democratized payment system caught fire and grew exponentially with millions of users who appreciated its ease and simplicity. Traditional banks were too slow and bureaucratic to adapt. Instead, the revolution we spawned two decades ago inspired new startups like Ally, Chime, Square, and Stripe, which have further…

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Male hand cutting banking card with scissors

The New Internet: Reclassify Political Opponents as “Hate Groups”

Maybe this is something to talk to legislators about

You don’t want your tax money spent in a certain way? Maybe you are a “hater.” Increasingly, bad things can happen as a result. Even from corporations you trust. A friend has pointed out that many American corporations are not nearly so interested in making money these days as they are in politically correct positioning. Consider the current trend toward depublishing books the public wants to read and “de-newsing” news stories people want to hear. But the trend is growing beyond books and news. It could affect your right to bank and use credit institutions. Successful entrepreneur David Sacks has the story at Substack about how concerns about “hate speech” can further an agenda: Just as there is no set…