FetLife Announcement
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FetLife Announcement
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Re: FetLife Announcement
#2If there was ever a use for [insert favorite crypto currency here] gaining adoption, the killer feature is that payments can't be halted or frozen to accounts.
It sounds like they got hit by people who were unaware of what FetLife is following due diligence in processing card transactions. As far as I can discern, it's just a social network with a darker focus, which led to an overreaction from a card network.
Re: FetLife Announcement
#3We need more sex positivity in this world. While I agree that some of the contents of Fetlife was objectionable from a legal standpoint the owners did a good job at getting rid of those things.
I think the objection today has mostly to do with the fact that they want to tell us what we do in our bedrooms.
Re: FetLife Announcement
#4There are things that, in the interest of global freedom, need to be taken out of the hands of corporations and government, permanently, forever. The transfer of value is definitely one of them.
Re: FetLife Announcement
#5If there was ever a use for [insert favorite crypto currency here] gaining adoption, the killer feature is that payments can't be halted or frozen to accounts. It sounds like they got hit by people who were unaware of what FetLife is following due diligence in processing card transactions. As far as I can discern, it's just a social network with a darker focus, which led to an overreaction from a card network.
The the post lies this answer:
Why haven't you embraced Bitcoin to get away from the restrictions of the banks / credit card companies? - @Eibon
Answer:
We used to accept bitcoins through Coinbase. They dropped us a year ago because we are a kinky site. No joke.
If a Bitcoin site wants to accept credit cards, then they have to adhere to rules set forth by the credit card companies.
Yes, there are other options, and we are going to look into them, but options like Bitcoin are a nice to have and not currently a viable replacement for being able to accept credit and debit cards on FetLife, no matter how much one might want to believe otherwise.
When we offered Bitcoin as an option, it was responsible for less than 0.1% of our daily transactions.
Re: FetLife Announcement
#6If there was ever a use for [insert favorite crypto currency here] gaining adoption, the killer feature is that payments can't be halted or frozen to accounts. It sounds like they got hit by people who were unaware of what FetLife is following due diligence in processing card transactions. As far as I can discern, it's just a social network with a darker focus, which led to an overreaction from a card network.
The linked text mentions that even Coinbase dropped Fetlife, because they (Coinbase) still processes credit card transactions.
So it looks like any use of a cryptocurrency has to be completely decoupled from the credit card world.
Re: FetLife Announcement
#7If there was ever a use for [insert favorite crypto currency here] gaining adoption, the killer feature is that payments can't be halted or frozen to accounts. It sounds like they got hit by people who were unaware of what FetLife is following due diligence in processing card transactions. As far as I can discern, it's just a social network with a darker focus, which led to an overreaction from a card network.
The the post lies this answer: Why haven't you embraced Bitcoin to get away from the restrictions of the banks / credit card companies? - @Eibon Answer: We used to accept bitcoins through Coinbase. They dropped us a year ago because we are a kinky site. No joke. If a Bitcoin site wants to accept credit cards, then they have to adhere to rules set forth by the credit card companies. Yes, there are other options, and w…
Where there is one, there may be more
Re: FetLife Announcement
#8This has more front-loaded backstory than a recipe post at Pioneer Woman Cooks, but it sounds like a harbinger for Puritan effects on commerce. Who could be next on the list of these card companies? The cannabis world already has their own troubles, so maybe the ratchet will next tighten on them. That a criteria for canceling an account can be "Illegal or immoral," like those are synonyms, is telling.
Re: FetLife Announcement
#9But note that it has been suggested that this is actually an internal political purge with the payment processors and politicians as convenient red herrings: http://slatestarcodex.com/2017/01/23/links-117-inaugurl-addr...
Re: FetLife Announcement
#10If there was ever a use for [insert favorite crypto currency here] gaining adoption, the killer feature is that payments can't be halted or frozen to accounts. It sounds like they got hit by people who were unaware of what FetLife is following due diligence in processing card transactions. As far as I can discern, it's just a social network with a darker focus, which led to an overreaction from a card network.
The linked text mentions that even Coinbase dropped Fetlife, because they (Coinbase) still processes credit card transactions. So it looks like any use of a cryptocurrency has to be completely decoupled from the credit card world.
Step one: Start a political party
Step two: Get in power
Step three: Make refusing credit transactions to patrons on grounds of "morality" illegal.