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PayPal stops payouts to models on Pornhub

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Re: PayPal stops payouts to models on Pornhub

#71

Post by spookthesunset »

lawn wrote: post #68
jlgaddis wrote: post #55

Earlier quoted context omitted.

It's had a decade and it hasn't yet.

20 years after the invention of the light bulb, one of the most important inventions of all time, only 3% in the U.S. were using it. We sometimes forget it, but a decade isn't a long time.

LOL. And don't forget it took tens to hundreds of thousands of years after the discovery of fire to adopt the internal combustion engine.

A decade is an eternity in the tech world. If bitcoin had a use case, we'd all be using it by now.

Re: PayPal stops payouts to models on Pornhub

#72

Post by hollerith »

lawn wrote: post #68
jlgaddis wrote: post #55

Earlier quoted context omitted.

It's had a decade and it hasn't yet.

20 years after the invention of the light bulb, one of the most important inventions of all time, only 3% in the U.S. were using it. We sometimes forget it, but a decade isn't a long time.

>only 3% in the U.S. were using it

-- because it was impractical for most prospective light-bulb users to generate their own electricity and it took decades to build out a network for distributing and metering electricity.

Re: PayPal stops payouts to models on Pornhub

#73

Post by jaywalk »

arcticbull wrote: post #44
Disruptive_Dave wrote: post #23

Earlier quoted context omitted.

Most strip clubs do something like "Sully's Steakhouse" . edit....or so I'm told :)

Have they set the MCC to Restaurant too? I have to imagine that triggers bonus categories for dining on credit cards, like the 4X on the Amex Gold and 3X on Sapphire Reserve. That's a heck of a bonus category haha.

It's always Restaurant from my experience, but it's not like you can pay for dances with your credit card. Just food and drinks.

Re: PayPal stops payouts to models on Pornhub

#74

Post by RandomBacon »

hollerith wrote: post #72
lawn wrote: post #68

Earlier quoted context omitted.

20 years after the invention of the light bulb, one of the most important inventions of all time, only 3% in the U.S. were using it. We sometimes forget it, but a decade isn't a long time.

>only 3% in the U.S. were using it -- because it was impractical for most prospective light-bulb users to generate their own electricity and it took decades to build out a network for distributing and metering electricity.

And it will take a long time to build out a network for cryptocurrency.

Re: PayPal stops payouts to models on Pornhub

#75

Post by justinzollars »

EpicEng wrote: post #43
justinzollars wrote: post #18

Bitcoin will solve this problem.

Not until it's near as stable as the dollar it won't.

There is pretty high liquidity, no need to save it. You could instantaneously buy/receive through coinbase. And have your dollars.

Re: PayPal stops payouts to models on Pornhub

#76

Post by lawn »

hollerith wrote: post #72
lawn wrote: post #68

Earlier quoted context omitted.

20 years after the invention of the light bulb, one of the most important inventions of all time, only 3% in the U.S. were using it. We sometimes forget it, but a decade isn't a long time.

>only 3% in the U.S. were using it -- because it was impractical for most prospective light-bulb users to generate their own electricity and it took decades to build out a network for distributing and metering electricity.

And the absolute biggest thing holding cryptocurrencies back is called the network effect. This takes time to build.

Re: PayPal stops payouts to models on Pornhub

#77

Post by errantspark »

spookthesunset wrote: post #60
jimnotgym wrote: post #10

A contributor once wrote on hn about the huge market for a porn friendly payment system. Key feature, must not look suspicious on credit card bill...

There are plenty of porn friendly payment providers. They just cost a lot of money relative to "normal" merchants because of a few simple reasons: 1) Chargebacks -- people chargeback the shit out of these kinds of transactions. Significant other sees the bill, gets pissed / confused about the charge / whatever and gets it charged back. 2) Fraud -- people use stolen CC's to pay for this kind of thing. 3) Porn operator…

What's the percentage of porn-related shadiness is because our society and business culture forces that? It seems similar to drug prohibitions etc. I haven't had to deal with a shady drug dealer in years now that weed is legal. Maybe if vice-clauses and the like weren't so ubiquitous we'd see more upright actors in the field.

Re: PayPal stops payouts to models on Pornhub

#79

Post by scarface74 »

spookthesunset wrote: post #66
scarface74 wrote: post #14

I’m the last person to jump on the bitcoin bandwagon, but this is one case where I think it’s warranted.

> this is one case where I think it’s warranted How will you deal with fraudulent / sketchy site operators scamming people into sending them money via irreversible payment channels?

You’re on a porn site. You expect a certain amount of sketchiness. Right now, the customers are the sketchy ones. They pay for a product and or statistically more likely to do chargebacks.

Re: PayPal stops payouts to models on Pornhub

#80

Post by 1000units »

errantspark wrote: post #77
spookthesunset wrote: post #60

Earlier quoted context omitted.

There are plenty of porn friendly payment providers. They just cost a lot of money relative to "normal" merchants because of a few simple reasons: 1) Chargebacks -- people chargeback the shit out of these kinds of transactions. Significant other sees the bill, gets pissed / confused about the charge / whatever and gets it charged back. 2) Fraud -- people use stolen CC's to pay for this kind of thing. 3) Porn operator…

What's the percentage of porn-related shadiness is because our society and business culture forces that? It seems similar to drug prohibitions etc. I haven't had to deal with a shady drug dealer in years now that weed is legal. Maybe if vice-clauses and the like weren't so ubiquitous we'd see more upright actors in the field.

Almost none of it. Mentally stable people do not want strangers to ejaculate into their mouth on camera for money. Those willing are easily taken advantage of.

edit: Many downvotes! Let's hear the dissent. I'll faithfully engage.

edit: 'dang, can we please remove flagging privileges from whoever targeted this comment? Thanks.

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