Live data from Hacker News

PayPal stops payouts to models on Pornhub

vice.com

271–280 of 802 posts

Re: PayPal stops payouts to models on Pornhub

#271

Earlier quoted context omitted.

Ok, but the buyers and sellers of BTC are discriminating very little, against perfectly legal activities, in the way that PayPal is doing it a lot. If I buy or sell BTC from coinbase, for example, they aren't going to care if the money came from the porn industry or not. That's the difference. Apparently, for some reason, PayPal is shutting down people who are doing perfectly legal stuff, but coinbase isn't, to the s…

I'm in the US and bought perfectly legal supplements from a US company using BTC from my Coinbase wallet. I and several other customers of this US company had our accounts terminated by Coinbase. This US company we bought supplements from also accepted and still accepts major credit cards. Coinbase certainly cares.

I don't want to be "that guy", but Bitcoin being pseudonymous is a definite downside when it comes to losing your account. That's why I greatly prefer Monero, especially with xmr.to letting you transparently send Monero to Bitcoin addresses.

Re: PayPal stops payouts to models on Pornhub

#272
post #135

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 b…

It will be funny that, as with other technologies from the past, pornography will be the use case that will finally bring cryptocurrencies to widespread adoption in society

Re: PayPal stops payouts to models on Pornhub

#273
post #135

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 b…

> It also happens in the US marijuana industry Most of the marijuana industry is illegal in the US. States making it legal doesn’t change the Controlled Substances Act. As banking is federally regulated, banks don’t have the freedom to knowingly allow illegal businesses. Porn however, is legal, and deplatforming a legal product/business is wrong in my opinion. To be clear, I am not suggesting marijuana should be ille…

Porn is legal if everybody involved is above age and gives consent and is capable of giving consent at the time and that consent is properly recorded and the resulting content is not judged criminally "obscene" by some judge in a hick town. Which is way too many ifs for most banks, particularly given the meager returns on offer.

Re: PayPal stops payouts to models on Pornhub

#274
post #135

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 b…

As a few others have already pointed out, marijuana is a Schedule 1 drug, and so no bank that operates at a federal level can touch it.

That said, I've heard that the ATMs in recreational marijuana shops are themselves significant sources revenue for the shops.

Re: PayPal stops payouts to models on Pornhub

#275

Earlier quoted context omitted.

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…

The answer to those questions depends on what your market dominance is. If you're one of many players in the market, and you're all actively competing against each other, then discriminate all you want - somebody else will cover that niche. But if you're the only option for many people, or there are so few options that the market is not really competitive, then yeah, I think it's perfectly legitimate to force compani…

By that logic, a restaurant should be able to discriminate based on race, since there are other restaurants that could serve those customers.

Re: PayPal stops payouts to models on Pornhub

#276
post #135

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 b…

Bitcoin isn't a currency that can fix this. Bitcoin is either censorable (lightning network) or unaffordable when used heavily with slow confirmations and ridiculous fees.

The lightning network is a joke--a frankenstein "Engineering UI" layed over a system to route around bad development decisions re:block size.

Re: PayPal stops payouts to models on Pornhub

#277

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?

The problem for those providers is often not their own morals per se. But the fear of being related to certain verticals. This oftentimes has a real impact on lost deals from other companies that do have a moral judgment and wont do business with you if you are related say to marijuana selling companies.

Re: PayPal stops payouts to models on Pornhub

#278

Earlier quoted context omitted.

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…

If you run a shop, you can't decline service to democrats, even if disagree with them. You can't discriminate, that's the law. I don't see how is it radically different from running a hosting company.

Sure you can: https://www.newsweek.com/man-maga-hat-kicked-out-nyc-bar-it-...

Re: PayPal stops payouts to models on Pornhub

#279
An alternative would be a system like M-Pesa. It's based on your personal phone line using the SIM toolkit, though there's also an app. Transactions can only be carried out on the phone with the SIM installed though.

It's great for personal transfers, and many in Kenya already use it to pay sex workers (usually cam girls selling nudes).

Corporates can have numbers (called paybill) where payments are made, though they are vulnerable to government interference. Safaricom (the network carrier running the M-Pesa platform) has already been ordered to shut down accounts belonging to betting firms. But for personal transactions, regulation is hard since nobody can tell why you sent a certain person money.

M-Pesa has never quite gained traction outside Kenya though.

Re: PayPal stops payouts to models on Pornhub

#280
post #135

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 b…

Screw BTC, they could use XRP, it's virtually a stable coin.
Post reply on HN