PayPal Was started By Libertarians To Avoid Government Control
 

http://reason.com/archives/2005/08/01/who-killed-paypal

In the book's first chapter, Jackson recalls a speech Thiel gave to Confinnity employees, just a few days after he began work, in which he described his hopes for PayPal to become a borderless private currency. He saw PayPal facilitating trade in currency for anyone with an Internet connection by enabling an instant transfer of funds from insecure currencies to more stable ones, such as U.S. dollars. Thiel explained to his young staff how governments had historically robbed their own citizens through inflation and currency devaluation. The very rich could always protect themselves by investing offshore. It's the poor and middle class, Thiel explained, who get screwed. "PayPal will give citizens worldwide more direct control over their currencies than they ever had before," Thiel predicted. "It will be nearly impossible for corrupt governments to steal wealth from their people through their old means because if they try the people will switch to dollars or pounds or yen, in effect dumping the worthless local currency for something more secure."

Is that why they need so much identification? Not had many problems with them and I would give them props if they pulled it off but I personally don't see it in their business practices. I don't see it happening now since it's owned by ebay and they publicly admit they have no problem with reporting you to the authorities.

Well, now, that shit didn't last long, did it?

you are not your past, you are your present. It is the same thing for paypal.