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FetLife Announcement

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Re: FetLife Announcement

#11

Post by FussyZeus »

Senji wrote: post #10
noarchy wrote: post #6

Earlier quoted context omitted.

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.

What exactly is the difference between enforcing morality with law and enforcing no morality with law? Morality is an incredibly subjective thing between differing cultures, I don't think it has a place in the justice/civil law systems.

Re: FetLife Announcement

#12

Post by Shank »

kefka wrote: post #5
Shank wrote: post #2

If 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…

While this may be true, Coinbase isn't synonymous for Bitcoin -- the true "idealized" version is that you generate your own BTC transaction system (or use an off the shelf one?) -- not use a processor (ergo, not Coinbase).

Re: FetLife Announcement

#13

Post by RileyKyeden »

Shank wrote: post #2

If 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.

It's not dark at all. It's just a place for people to list their kinks. Nothing nefarious. It's very popular in the kinkier sub-communities of the furry fandom.

edit: I got this mixed up with F-List, which is similar in function with a narrower focus.

Re: FetLife Announcement

#14

Post by MichaelBurge »

kefka wrote: post #5
Shank wrote: post #2

If 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…

The problematic part for Coinbase is probably automatically selling the coins and depositing USD into their checking account. There are other vendors to handle the Bitcoin itself.

In particular, I think Verotel does Bitcoin processing for adult merchants.

Re: FetLife Announcement

#15

Post by TylerE »

Shank wrote: post #12
kefka wrote: post #5

Earlier quoted context omitted.

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…

While this may be true, Coinbase isn't synonymous for Bitcoin -- the true "idealized" version is that you generate your own BTC transaction system (or use an off the shelf one?) -- not use a processor (ergo, not Coinbase).

Still have to cash out through somebody if you want ActualMoney(tm).

Re: FetLife Announcement

#16

Post by mschuster91 »

rhizome wrote: post #8

This 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.

> The cannabis world already has their own troubles, so maybe the ratchet will next tighten on them

IIRC cannabis merchants can't even open bank accounts, much less accept credit cards. The only way that they can be annoyed further is by restricting the amount of cash they can hold in the store - which actually would make sense, given that a pot stop filled to the brim with cash is a prime target for gangsters.

Re: FetLife Announcement

#17

Post by madez »

TylerE wrote: post #15
Shank wrote: post #12

Earlier quoted context omitted.

While this may be true, Coinbase isn't synonymous for Bitcoin -- the true "idealized" version is that you generate your own BTC transaction system (or use an off the shelf one?) -- not use a processor (ergo, not Coinbase).

Still have to cash out through somebody if you want ActualMoney(tm).

You only need to cash out the amount you can't spend in bitcoins. The more things you can buy in bitcoins, the less powerful politically-controlled money becomes.

Re: FetLife Announcement

#18

Post by mschuster91 »

xutopia wrote: post #3

We 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.

> I think the objection today has mostly to do with the fact that they want to tell us what we do in our bedrooms.

Yeah we already see the first signs with Trump defunding abortion organizations. However I don't believe Trump to be behind this, much more Mike Pence.

And I'm really, really afraid that someone will either successfully impeach, maim or kill Trump - because then Mike Pence will succeed him, without anyone to check his powers, given that he'll have the entire extremist religious people in the GOP behind him.

Re: FetLife Announcement

#19

Post by nerfhammer »

Senji wrote: post #10
noarchy wrote: post #6

Earlier quoted context omitted.

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.

> Start a political party

> Get in power

Almost impossible in a FPTP voting system

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