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PayPal stops payouts to models on Pornhub

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Re: PayPal stops payouts to models on Pornhub

#341
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

Halftone magazine printing? Check.

Videocasettes? Check.

Internet? Check.

Thank heaven for prurient smut, driver of all great technology. Without it we would still be in the stone age.

Re: PayPal stops payouts to models on Pornhub

#343

Earlier quoted context omitted.

Marijuana is separate from the deplatforming in the traditional sense because federal banking laws and the DEA's stubborn Schedule 1 tautology when it clearly has medical uses are to blame as opposed to uncooerced choices.

That depends on if the bank in question is subject to the federal regulations.

Pretty sure every bank in the United States is subject to federal regulations.

Re: PayPal stops payouts to models on Pornhub

#344

Earlier quoted context omitted.

Can anyone explain how this even happens? Who could possibly threaten a bank over handling financial transactions for sex workers? And what could they possibly threaten the bank with? Even if it's some big business like Chick-fil-A... Presumably they only bank with one bank, and presumably the porn and sex work industry has more money at that bank than Chick-fil-A. How's this actually work? It's not making sense to m…

Amateur porn? User-uploaded X-rated videos? When things go wrong they go wrong fast. Professional studios know how to abide by all the various regulations, many of which change from one state (or even city) to another. Amateurs with webcams in their bedrooms do not. Just look at the "Girls do porn" fiasco to see why someone might not want to do business with an amateur-focused studio.

That's not a ... relevantly fruitful ... search term.

Have any relevant links?

Re: PayPal stops payouts to models on Pornhub

#345

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…

Bitcoin (and all other cryptocoins) are just not usable for mass transactions. Buying anything with bitcoin takes over 10 minutes, often times over an hour for shops that are paranoid and require 3+ confirmations. During the peak bubble time, I remember buying something with bitcoin taking 2 hours!!

This technical problem has not been solved and the "lightning network" just turns exchanges like Coinbase into a bank or Paypal that can be shut down or run away with your money, which basically ruins the entire point of using Bitcoin.

Until Bitcoin can scale without "lightning network", I don't see people using it outside illegal activities. And from what I can see, the core concept of Bitcoin (and other cryptocoins) is fundamentally at odds with fast transactions. If you make confirmations 2x faster, then it just becomes 2x easier to fake a transaction. So paranoid merchants will just require double the confirmations.

Re: PayPal stops payouts to models on Pornhub

#346
post #178

Earlier quoted context omitted.

It's supposed to be called government. Public banking (like what California has recently approved) should be the answer for legal and under-banked.

Banking is a citizen right. Well, at least it should be. In Germany every bank is obliged to offer everyone (including homeless, overindebted, asylum seekers, etc.) a so-called base account, which offers a way to receive payments and pay the bills and get a basic debit card. However, the law has a mistake: The price of the base account is not regulated. And many banks charge more than for a "normal" account. Germany…

There are free, base functionality accounts in every bank in Poland. Debit card use is also free provided you make few transactions per month.

Re: PayPal stops payouts to models on Pornhub

#347

Earlier quoted context omitted.

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.

That sounds like something that should be handled by law enforcement, not your bank.

Sesta/Fosta potentially make Pornhub/Paypal liable.

Re: PayPal stops payouts to models on Pornhub

#348
post #30

Earlier quoted context omitted.

> A chilling effect on free speech. Real alternatives to paypal and credit cards need to enter the market. This would have been a huge problem in 2012, Now there are realistic solutions to avoid this. Just pay by cryptocurrencies on to a Coinbase Card and you can withdraw the cash and pay anonymously. Job done.

Coinbase has essentially become another bank. They go well beyond KYC requirements and have banned people for things they don't like.

Could you (or someone else) elaborate on Coinbase going beyond KYC requirements?

Re: PayPal stops payouts to models on Pornhub

#349

Earlier quoted context omitted.

Amateur porn? User-uploaded X-rated videos? When things go wrong they go wrong fast. Professional studios know how to abide by all the various regulations, many of which change from one state (or even city) to another. Amateurs with webcams in their bedrooms do not. Just look at the "Girls do porn" fiasco to see why someone might not want to do business with an amateur-focused studio.

That's not a ... relevantly fruitful ... search term. Have any relevant links?

https://www.vice.com/en_us/article/qvgxvw/girls-do-porn-empl...

Re: PayPal stops payouts to models on Pornhub

#350
post #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.

one of the best real life examples of being resistant to financial deplatforming is Wikileaks and they used Bitcoin
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