Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

PayPal stops payouts to models on Pornhub

vice.com

Post reply on HN
Print view View original

361–370 of 802 posts

Re: PayPal stops payouts to models on Pornhub

#361

Post by jeltz »

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…

3D Secure solves part of this problem. But there are two issues with it (1) some companies like PayPal have forced banks to make an exception for them (2) your credit card number can still be used in other contexts but much less conveniently than it used to be able to.

Re: PayPal stops payouts to models on Pornhub

#362

Post by zelly »

ericb wrote: post #276
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…

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.

1 sat/byte transactions will still clear the mempool, eventually. I don't think you need payments for porn to settle immediately. There are workarounds a business could use like speculatively accepting payment before a confirmation using heuristics e.g. the customer's past history. It's not an ideal situation, but the market decided this is the coin to use.

Re: PayPal stops payouts to models on Pornhub

#363

Post by jrcii »

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.

Unless you’re a drug cartel at HSBC, then it’s ok

Re: PayPal stops payouts to models on Pornhub

#364

Post by netsharc »

dessant wrote: post #217
0xdeadb00f wrote: post #160

Earlier quoted context omitted.

This sounds like an advertisement.

It really isn't, you should check my profile. I have discovered the service shortly before posting, the parent mentioned Coinbase, and I thought it would be helpful to share this with others. People are sometimes genuinely excited about free services that don't exist solely to exploit them in some way.

> I have discovered the service shortly before posting,

> it's an awesome way to quickly start accepting cryptocurrencies.

So do you regularly endorse things you just shortly discovered?

Re: PayPal stops payouts to models on Pornhub

#365

Post by im3w1l »

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?

Fairly simple

1. Don't pay more in one go, than you can accept losing with a shrug.

2. Check the reputation.

Re: PayPal stops payouts to models on Pornhub

#366

Post by ericb »

zelly wrote: post #362
ericb wrote: post #276

Earlier quoted context omitted.

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.

1 sat/byte transactions will still clear the mempool, eventually. I don't think you need payments for porn to settle immediately. There are workarounds a business could use like speculatively accepting payment before a confirmation using heuristics e.g. the customer's past history. It's not an ideal situation, but the market decided this is the coin to use.

You could argue the market decided it was the store of value to use, like gold, not the coin to use. Or it is still being pumped by bitfinex/tether, tough to tell.

Re: PayPal stops payouts to models on Pornhub

#367

Post by ericb »

turkeytotal wrote: post #322
ericb wrote: post #276

Earlier quoted context omitted.

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.

What sort of censorship are you referring to? If taproot-schnorr is deployed and adopted, cooperative channel operations will look exactly like normal single-sig transactions. As for routing censorship, if one node fails to route for me, I can open a channel with a different node and route around them.

You can be deplatformed from major node hubs, especially considering the design makes the hubs money transmitters from a US legal standpoint. You can get your channel closed out and be forced to pay the transaction fee, which may be higher than the value in your channel.

None of these are things people want to spend money worrying about.

Re: PayPal stops payouts to models on Pornhub

#368

Post by spookthesunset »

mopsi wrote: post #87
spookthesunset wrote: post #66

Earlier quoted context omitted.

> 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?

How do you avoid any fraud? Reputation. Don't send money to sketchy people. It should be noted that Europe runs on SEPA payment system that has irreversible transactions. It's not that much of a problem.

Reputation scores only help established players. And they can be gamed. Get a bad reputation? Just dump the and spin up a new one.

Re: PayPal stops payouts to models on Pornhub

#369

Post by JackFr »

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?

Talk to tobacco about being deplatformed. Tobacco companies have banking, but fewer places sell cigarettes or allow smoking. It’s not discrimination —- neither cam girls or tobacco farmers are a protected class. Payment processing isn’t a right.

Re: PayPal stops payouts to models on Pornhub

#370

Post by spookthesunset »

grubles wrote: post #337
ericb wrote: post #276

Earlier quoted context omitted.

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.

Lightning is not censorable as participants in a payment channel route cannot know the sender nor receiver of a payment. It's similar to tor relays.

Lightning is also a pile of vaporware. It is even more Rube Goldberg than bitcoin. It’s only purpose in the bitcoin ecosystem is so shysters selling the dream can claim “no really, bitcoin can scale!!!! Lightning is just around the corner!!!”.

(Of course they don’t mention the irony to bitcoin scaling is not to use it)

Post reply on HN