A chat with the head of Piryx, democracy’s PayPal

Basically Piryx gets 4.5% every donation to start. Then once your campaign or organization raises $100,000 we gradually cut the rate we take per donation. Then once you get over $1 million in total donations, we take 4% per donation.

You were hit by a DDoS attack after Joe Wilson shouted "You lie!” at President Obama earlier this month. Do you think that as Piryx becomes more of a home for politicians and political organizations it will become more of a target for DDoS attacks How are you preparing for that possibility

Yes we are and despite getting hit with that DDoS attack, we’re even further along in shoring up our protection mechanisms than we thought we’d be at this point. Keep in mind that we’re still a small startup company and we have around 150 users nationwide, up from around two users back when we first launched in February. We’ve been under the radar until DEMO rolled around this week. This is our big coming out party.