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PayPal stops payouts to models on Pornhub

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Re: PayPal stops payouts to models on Pornhub

#131

Post by zamadatix »

linuxhansl wrote: post #123

Whatever you might think of the various professions... As long as it is legal, it seems the major payment service providers should not pass on their moral code onto everybody else. What's next? You get no water/power/whatever if you run a business that the service providers simply do not agree with?

Water/power are utilities and are regulated differently than other industries.

But your general question is an open debate. If you run a hosting company do you have to host things you disagree with? If you run a transaction company doy you have to exchange with parties you disagree with? What if a certain type of transaction is too high risk, do they have to do it anyways?

Personally I'd like to see things lean more towards being agnostic to avoid amplification of the popular opinion but it isn't a cut and dry topic without corner cases or hard to define regulations.

Re: PayPal stops payouts to models on Pornhub

#132

Post by jstanley »

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…

> If anything it would exacerbate the shady behavior because consumers would have no recourse against fraud.

Cryptocurrency works quite a bit differently to credit cards. "Fraud" in the usual sense isn't possible: it is not possible for the service provider to take your money merely by falsely claiming that you authorised a payment. Payments can only be initiated by the client.

Re: PayPal stops payouts to models on Pornhub

#133

Post by tzs »

Disruptive_Dave wrote: post #23
WrtCdEvrydy wrote: post #16

Earlier quoted context omitted.

The issue here is that it needs to be easy for a person viewing their credit card bill to know that they paid for something... and not be super weird. I had a buddy who nearly did a chargeback against a club that put "E 11 EVN" on his bill... name is Eleven Club.

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

There's an amusing quiz concerning gay bars that sound like steakhouses:

http://www.steakhouseorgaybar.com/

Re: PayPal stops payouts to models on Pornhub

#134

Post by tedunangst »

throwaway_tech wrote: post #105
yardie wrote: post #67

Earlier quoted context omitted.

I'd just like to add E11EVEN is not a strip club. It is in fact a burlesque club. There is some nudity but not in the same way as a strip club. For any Miami-based HNers, you can find me at the nearby bar, you'll know the one.

Guessing "the corner" bar (probably eating the peppers)...I won't nitpick in typical HN fashion of strip club or not, either way I call it the ballet. But now I'm going to have to go just to take a survey on the issue.

Is the corner that great? I wouldn't go out of my way to get there, but maybe I'm missing something?

Re: PayPal stops payouts to models on Pornhub

#135

Post by aazaa »

Financial deplatforming is a monster, long-term trend to watch over the next decades. Deplatforming happens with sex workers. It also happens in the US marijuana industry. It happens with perfectly legal political content.

The number of ways in which someone, somewhere will be offended by products or services for sale is growing, driven by a rapidly improving worldwide communication network and delivery system, and by people terrified of the change that brings.

The response by PayPal and many others has been to cut service. With each case, the circle of people finding themselves cut off from the traditional economy grows.

Bitcoin is often criticized for its lack of use cases. I find a very high correlation between the strength of this belief and lack of awareness of financial deplatforming in its many guises.

Re: PayPal stops payouts to models on Pornhub

#137

Post by simion314 »

rvz wrote: post #95
PhasmaFelis wrote: post #48

Earlier quoted context omitted.

Cryptocoins aren't practical enough (yet?) to rely on completely for stuff like this. If the flow has any more friction than "payer enters their credit card info once, then agrees to send a value; payee receives it in their bank account at a set time and can immediately use it to buy groceries", it's going to seriously affect some people's incomes. I'm not downvoting you for that, FYI, but I am downvoting you for the…

> Cryptocoins aren't practical enough (yet?) to rely on completely for stuff like this. Really? I can understand "Bitcoin" as one of many cryptocurrencies that are unstable and very slow for these payments, but some cryptocurrencies are faster and cheaper than others and are suitable for this use-case. There are many ways to pay nowadays: 1. Scan a QR Code to send cryptocurrencies to the payee. 2. Type the address of…

I do not know that much about blockchain, so can you tell me if I am wrong, so if I use bitcoin to pay my rent and use bitcoin to buy something from PornHub now anybody can link this 2 payments and as the number of payments to different things increases I can be publicly identified.

I read that some people would say don't use bgitoin use X or use process Y but then it is more convoluted then you would suggest initially.

Re: PayPal stops payouts to models on Pornhub

#138

Post by a13n »

Qwertystop wrote: post #102
a13n wrote: post #85

Earlier quoted context omitted.

Tether follows the dollar (1 Tether === $1.00 USD).

Not anymore, is it? Last I heard they were in pretty significant legal trouble due to not actually having the 1:1 real-doller backing they claimed to, or other assets of equivalent value, among other issues.

"All Tether tokens are fully backed by reserves."

https://www.coindesk.com/tether-says-its-stablecoin-is-fully...

Tether (USDT) $1.00 USD

https://coinmarketcap.com/currencies/tether/

Re: PayPal stops payouts to models on Pornhub

#139

Post by a13n »

Qwertystop wrote: post #93
a13n wrote: post #84

Earlier quoted context omitted.

Crypto replaces a major painpoint (chargeback, getting 0% of your money) with a minor painpoint (volatility, losing or gaining There are other cryptocurrencies (eg Tether) that follow USD (eg 1 Tether is almost always equal to $1.00 USD), to avoid issues with volatility. I guess another issue is that you'd have to pay taxes on any gains/losses between receiving your crypto and cashing it in for USD, and that would be…

> There are other cryptocurrencies (eg Tether) that follow USD (eg 1 Tether is almost always equal to $1.00 USD), to avoid issues with volatility. One of us is behind the times on Tether; last I heard they were in pretty significant legal/financial trouble re: money laundering, not actually having most of the backing dollars they claimed to, and possibly market manipulation.

"All Tether tokens are fully backed by reserves."

https://www.coindesk.com/tether-says-its-stablecoin-is-fully...

Tether (USDT) $1.00 USD

https://coinmarketcap.com/currencies/tether/

Re: PayPal stops payouts to models on Pornhub

#140

Post by tamaharbor »

nafizh wrote: post #109

Thank you Paypal. Porn is a disease on the society exploiting on vulnerable people. Any company concerned with mental health of the society shouldn't let these porn streaming companies use their infrastructure. Also, a private company is not compelled to let anyone use their infrastructure, if anything, it violates that company's first amendment rights.

Have you ever been with a girl?
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