PayPal stops payouts to models on Pornhub • Hacker News Board

Re: PayPal stops payouts to models on Pornhub

#311

Post by why_only_15 » Fri, Nov 15, 2019, 1:03 AM UTC

ryukafalz wrote: post #204

Daishiman wrote: post #149

Earlier quoted context omitted.

Bitcoin isn't criticized for this being an invalid use case, because it's totally valid. It's criticized because it's useless for this use case, people involved in this scene in practice don't care about it to any serious degree beyond it being a talking point, and because anything for legally working around financial deplatforming still needs strong interfacing with the rest of the system as well as compliance with…

I think part of it is a bootstrapping problem. Bitcoin solved an interesting technical problem, so people started using it. Once people started getting interested, companies popped up to sell it, but notably there was a base of users prior to that. By contrast, the barrier to entry for a new system denominated in USD is much higher. People can't really start using it until there's a company around to support it, and…

Seems like it could be interesting in theory, but I'm not sure very many people are seriously working on it, and it doesn't look like there's been an update for a year and a half.

Re: PayPal stops payouts to models on Pornhub

#312

Post by [deleted] » Fri, Nov 15, 2019, 1:05 AM UTC

miohtama wrote: post #220

mjevans wrote: post #7

A chilling effect on free speech. Real alternatives to paypal and credit cards need to enter the market. It sadly looks like my favorite hope is still not ready, but I am hopeful that this is due to slow and careful development that will lead to a stable long term outcome. https://taler.net/en/faq.html

There are alternatives. Even obvious ones like wire transfers (ACH, SEPA) which have less fraud due to enforced two-factor and better online banking cyber security. PayPal, on the other hand, is free game after you infect a Windows PC with any malware. The problem is that your CC number is both username and password. Cardsters are looking ways to convert soft credit card money to something without chargebacks. These…

[deleted]

Re: PayPal stops payouts to models on Pornhub

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Post by ElCapitanMarkla » Fri, Nov 15, 2019, 1:06 AM UTC

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?

I totally agree with you but I wonder if it’s a moral thing (like those assholes have any) or if it’s a fraud thing. I’ve worked in the online dating space and we always had trouble with payment providers due to a really high rate of fraudulent transactions.

Re: PayPal stops payouts to models on Pornhub

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Post by bananamerica » Fri, Nov 15, 2019, 1:06 AM UTC

egdod wrote: post #22

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.

Nothing better than receiving your salary in a token with huge minute-to-minute volatility.

I lived through hyperinflation. Sometimes products were updated mid day. Comics used codes that referred to a table because it was not possible to change the price on the cover.

Re: PayPal stops payouts to models on Pornhub

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Post by guywithahat » Fri, Nov 15, 2019, 1:06 AM UTC

dwighttk wrote: post #208

aazaa wrote: 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. That's because it is still federally illegal

Yeah I think there’s an issue with legal sex or political content being deplatformed, but if you want to stop deplatforming weed you should focus on actually legalizing it first lol

Re: PayPal stops payouts to models on Pornhub

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Post by godzillabrennus » Fri, Nov 15, 2019, 1:08 AM UTC

arminiusreturns wrote: post #299

geomark wrote: post #257

Earlier quoted context omitted.

This is the thing I find very disturbing. That an industry as highly regulated and essential to every day life as banking can pick and choose based on management's moral choices.

UBS and other bankers catering to major drug cartel money though... crickets and maybe a small percentage fine.

No crickets, they fully embraced it for survival.

https://www.theguardian.com/global/2009/dec/13/drug-money-ba...

Re: PayPal stops payouts to models on Pornhub

#317

Post by Iv » Fri, Nov 15, 2019, 1:08 AM UTC

bcheung wrote: post #247

aazaa wrote: 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…

I've had several friends in the adult industry have their checking accounts closed at a several major banks as well. Traditional banking should definitely not be discriminating against fully legal activities.

More broadly, financial institutions should be accountable.

Because, indeed, discrimination is illegal, but suing a bank for it is long and very difficult if your account is frozen.

Re: PayPal stops payouts to models on Pornhub

#318

Post by ocdtrekkie » Fri, Nov 15, 2019, 1:08 AM UTC

short_sells_poo wrote: post #264

geomark wrote: post #257

Earlier quoted context omitted.

This is the thing I find very disturbing. That an industry as highly regulated and essential to every day life as banking can pick and choose based on management's moral choices.

It's not a moral choice. It's a case of the business is not worth the hassle. KYC rules mean the bank is on the hook if they are found to harbor ill gotten gains and the sex industry had a some troubles in the past, while not producing enough volume on an individual level to make it worthwhile for a bank to overlook things.

Not just in the past. There's a current case going on about a major channel that Pornhub used to feature about performers being allegedly both lied to about where the footage would be available and raped.

Very possibly what spurred PayPal to make this change.

Re: PayPal stops payouts to models on Pornhub

#319

Post by why_only_15 » Fri, Nov 15, 2019, 1:09 AM UTC

cft wrote: post #190

aazaa wrote: 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…

IRS treats Bitcoin as property. Accordingly, the recipients need to report every bitcoin transaction on Schedule D and calculate its cost basis ( appreciation or depreciation of Bitcoin). I am not talking about the reporting of the cumulative income, but the additional requirement of reporting of each Bitcoin payment or disposal. Say you received 0.0001 BTC held it for 5 days and then converted to USD. These are two…

Is the IRS going to seriously audit you for the $10 in taxes you should have paid because you held some BTC for a week? I can see that being an issue at institutional scale, but for small users it seems unlikely it would ever be enforced.

Re: PayPal stops payouts to models on Pornhub

#320

Post by rhizome » Fri, Nov 15, 2019, 1:10 AM UTC

See, if you have zillions of dollars there all kinds of financial instruments that harm society (say, by reducing taxes paid), but any vice the little people can partake in, either as producers or consumers, well, we have to keep that on a short leash. Or kill it.

The financial industry's policies around sex and pot need a reboot. It's ridiculous what they're restricting.

"I Hope PayPal's Dick Falls Off" https://gizmodo.com/i-hope-paypals-dick-falls-off-1839870796