Oh, I didn't know we could do that..
I think adjusting it was not free before.. right?

10/02/2015 18:41
OK, the second bad news of the day!

PayPal is apparently no longer accepting Paid To Click advertisement websites. NeoBux and Clixsense will also be losing their PayPal accounts also in the coming days.

PayPal is now a bank in Luxemberg, and is quoting all sorts of nonsense European Legal justifications. But ultimately they don't want to risk their "prestige" serving what they perceive as high risk businesses, that upon potential bankruptcy could hurt their reputation.

And even upon proving that bankruptcy is impossible under a business model where the advertiser simply pays for a user to communicate. And PV takes a cut. They are being stubborn.

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We have not lost the money or anything. And we have not given up either, we will keep pushing to get PayPal re-established as a deposit & cashout method. There'll be a way to do so, it'll just take some time.

Let me keep talking to Carlos & PayPal, and then we'll figure out a way forwards. And an alternative means of cashing out your PayPal balances.

I'll get back to you!

ps. If you file a chargeback at PayPal, we will dispute it, almost certainly win and ban your account. So don't do that!

I don't know. Something sounds fishy.
Neobux and Clixsense claim they contacted with Paypal and this is not true.

Is it? I mean, outside the PTC world it doesn't have much use, but it's the 2nd most popular payment processor in this industry.

Well, by pulling it out I meant withdrawing funds back to my bank account..

I just want to re-affirm the big picture a little bit;

1) These first years of MTV have all been about fundraising. We need millions of dollars to build the business we're looking to create. And we've about achieved that now... So, onto step 2

2) The next step is hiring!
We have the money to do that now; so we need to put together the staff to build / finish off the main MTV platform. As half of this business model isn't built yet (crowd ideas, rewarding users for their idea with partial ownership of products, a marketplace to buy/sell up to 50% of the profitability of each portfolip product; the whole onsite programming queue etc)

3) Getting Productive!
Once the hiring phase is established (I won't say complete, as it'll never be complete)... Then we can get busy building out the portfolio. Developing all the games, products, services, buying businesses, real estate and just about anything that uses money to make money. That can all happen very quickly once the people are in place, to process your ideas, and make them a reality.... And lots of people! So we can work on 20-50 projects at a time.

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So step 1 is about done!
We have enough money to get started now.

Step 2 is underway; as soon as we get the Polish & Slovenian offices up and running. We will be hiring programmers like crazy... And that process will become a snowball; as once we find more programmers; we'll then have more programmers to find more programmers with, and to bring the new guys up to speed more quickly.
... And included in step two is the formalization of the business & its working practices. Getting all our procedures, controls and oversight in order.

Then step 3, should begin towards the middle / end of this year. Thats when you'll see this business utterly explode in size. As we start adding 1-2+ new items to the portfolio every week... Give that a year; and we'll have 100+ busineses on the portfolio. And that'll bring money flooding in, which will then turn that portfolio into thousands of businesses, games and other projects.

This is when MTV gets enourmous, and we become that billion/trillion dollar crowd-funded hedge fund / communal portfolio.

And this shouldn't take long... the rest of this year to put the pieces together. And then all of next year to build and grow like crazy. And we may well be right up there.

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