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PayPal stops payouts to models on Pornhub

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Re: PayPal stops payouts to models on Pornhub

#451

Post by liquidify »

codexon wrote: post #409
fastball wrote: post #392

Earlier quoted context omitted.

Ethereum is already a lot faster than that, and will probably get to Eth2.0 with sharding and PoS in the not too distant future. Then your ETH transactions will be blazing fast, secure, and cheap as chips. Of course, they've been saying all of that is not so far away for a couple years now, but we will see. I'm tentatively optimistic.

Ethereum is still on proof of work, so it has the same problem as bitcoin. If they made confirmations take 1 minute instead of 10 minutes, that just means their confirmations are 1/10th as reliable as Bitcoin's confirmations. Nothing was solved there. And PoS has been "not so far away for a couple years now" because they keep finding problems with it.

>that just means their confirmations are 1/10th as reliable as Bitcoin's confirmations.

This argument is tired. There is no rule that dictates that the same amount of work or stake is equal to the same amount of security across different coins. I trust ETH transactions just as much as I trust BTC, and there are others that I trust equally also.

And now that BTC costs more in fees, their solution is to move to less secure off-chain layers. I'll take on chain ETH, monero, BCH, and a few others any day over a low security off-chain solution like what BTC offers. I may hold BTC, but I'm not buying it, and I'm not using it.

Re: PayPal stops payouts to models on Pornhub

#452

Post by codexon »

DennisP wrote: post #434
codexon wrote: post #409

Earlier quoted context omitted.

Ethereum is still on proof of work, so it has the same problem as bitcoin. If they made confirmations take 1 minute instead of 10 minutes, that just means their confirmations are 1/10th as reliable as Bitcoin's confirmations. Nothing was solved there. And PoS has been "not so far away for a couple years now" because they keep finding problems with it.

Ethereum uses a variant of GHOST, which is why they get away with 15-second block times. https://github.com/ethereum/wiki/wiki/White-Paper#modified-g... Ethereum's PoS is currently implemented in seven independent and fully interoperating clients. Multi-client testnet should roll out soon, and production is expected first quarter 2020.

Even if the block time can be lower, ethereum supports a comically low amount of transactions per second.

https://ethstats.net/

9943589 (gas limit) / 21000 (minimum price of a ethereum transaction) / 14.57 (average block time) = 32.5 transactions per second.

Re: PayPal stops payouts to models on Pornhub

#454

Post by NullPrefix »

LanceH wrote: post #445
short_sells_poo wrote: post #264

Earlier quoted context omitted.

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.

Wouldn't it be better to have them in the regular financial systems subject to the "know your customer" laws, so the money and customer can be more easily tracked? If it's about all sorts of illegal activities, shouldn't law enforcement use these things as a resource, rather than driving it underground?

It is not law enforcement that is driving them underground. That is private corporations, who decide to rather not know those customers.

Re: PayPal stops payouts to models on Pornhub

#455

Post by CryptoPunk »

james_s_tayler wrote: post #353
tux1968 wrote: post #326

Earlier quoted context omitted.

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

Banks form an important part of it as KYC is designed to cut down on Money Laundering. Globally KYC/AML rules have gotten much stricter in recent years. If criminals can't access their money it ought to curb some of the incentives.

It can of course curb illegal activity, as all surveillance laws tend to do, but at enormous cost to privacy, the ability to escape unjust laws, and the ability of persecuted minorities to protect themselves from tyrannical majorities.

Re: PayPal stops payouts to models on Pornhub

#456

Post by codexon »

xur17 wrote: post #449
codexon wrote: post #402

Earlier quoted context omitted.

In order to use the lightning network, you are making a smart contract on the normal slow bitcoin ledger with another party. You need to insert a pre-determined amount of money into this system to be able to spend it. Most consumers will not want to do this because they don't know who they will be buying from and don't know how much they are going to spend. If they decide they want to buy from random website Z one da…

> If they decide they want to buy from random website Z one day, making a lightning network connection between themselves and that website will be useless because establishing a lightning network connection needs to go on the regular slow block chain, so it'll take as long as a regular payment. The "network" part of lightning network allows you to make a payment to anyone else on the network (trustlessly) through mul…

So what happens if you aren't linked even indirectly?

What if the trust chain is 20 users long?

Who's going to spend the resources to find this chain? And has it been tested to scale, or is it just like Bitcoin in the early days where people said it would scale and never tested it?

People are going to gravitate to putting all their money into a large exchange like Coinbase to avoid these problems.

Re: PayPal stops payouts to models on Pornhub

#458

Post by gorgoiler »

habosa wrote: post #448

I hate that any online company can set arbitrary Terms of Service which they know for a FACT I have not read (I didn't click) and then decide to pull the rug out from me at any time because of that. These companies are seriously important in our lives. If you take away my payment source or my email or whatever you are potentially setting me on a path to ruin. I don't know what the answer is but I do think these compa…

Even if you did click to accept the terms of service, their server knows you probably didn’t read it. They know exactly how long it was between you being served the contract, and you accepting it.

Clearly if that time is anything under a number of minutes or hours you can’t possibly be agreeing to the contract and so they should be duty bound to refuse service.

I look forward to a test case where a judge rules a terms-of-service contract unenforceable because the vendor logged that I read it in 3.2 seconds and accepted that as me having read it.

Or maybe it’s time to start being that person again, who reads contracts slowly and in full before signing.

Re: PayPal stops payouts to models on Pornhub

#459

Post by whynaut »

simion314 wrote: post #137
rvz wrote: post #95

Earlier quoted context omitted.

> 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 initial…

The typical way to go about this would be creating separate Bitcoin wallets for different types of purchases. Many wallet clients support this out of the box.

Personally, I generate a new wallet for every transaction.

Re: PayPal stops payouts to models on Pornhub

#460

Post by em-bee »

wincy wrote: post #441
derangedHorse wrote: post #373

Earlier quoted context omitted.

That just seems like profiling at that point, since they’re basically rejecting service to an individual just because of their profession. Sure they might say that there may be a higher probability of a someone in the adult industry being involved in illegal activities, but is it fair to outright deny service on such a wide scale?

Profiling isn't illegal unless it's profiling against a protected class, right? It's like how I can't get cheap life insurance because I took antidepressants like seven years ago during a rough patch in my life.

profiling is illegal when the service is necessary to live. in germany for example, it is illegal to deny someone access to things like a phone line, electricity or water. (that is, even if you don't pay your bills, they are not allowed to turn of your service. instead, if they want the money, they have to sue you)

i believe at this point, access to a bank account is also included in this. as things progress, more things will be added to the list. soon (if not already) internet access will be included.

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