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PayPal stops payouts to models on Pornhub

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Re: PayPal stops payouts to models on Pornhub

#491

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Mining != trashing the planet. Also, given that there is literally no alternative to mining, how do your morals allow you to support mining companies by using their products?

The coal mines in Australia are totally unnecessary. Australia is one of the best countries in the world for the ability to be powered on renewable energy. Which is now cheaper than coal. Literally the only purpose for coal in Australia is political reasons now. Yes I know coal is used for the production of other materials but there is more than enough coal currently being mined for steel. We just need to stop sensel…

From what I know (and I don't claim to be an expert), solar panels require mining and also cause a lot of waste (what happens to a panel after its 20 year life cycle?). I've not heard whether solar farms would work in Australia - wouldn't the amount of distance be a problem? - nor whether they'd actually be any more efficient than nuclear. Certainly, I recently watched Michael Schellenberger's talk (it's in article form here[1]) and I was surprised at how destructive renewables seem when more detail is given about their implementation.

[1] https://quillette.com/2019/02/27/why-renewables-cant-save-th...

Re: PayPal stops payouts to models on Pornhub

#492

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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 se…

I would like to point out that the lighting network isn't "less secure", it's cryptographicly sound. It is less secure in the sense that you need to keep your lighting node online all the time, but this can be solved with other relegated solutions.

Re: PayPal stops payouts to models on Pornhub

#495
post #407

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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.

>found to harbor ill gotten gains Ah yeah like they were on the hook for laundering Mexican drug cartel money?

Umm yes they were, even if they'd done everything right. Look at the HSBC case and tell me the bank did anything nefarious or even negligent. Nope, governments hit them both ways.

Re: PayPal stops payouts to models on Pornhub

#496

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Historically, you see more prostitution in uptight eras (Victorian, etc) where "good girls don't." More recently, research suggests that rates of sexual assault go down when porn is readily available. It's a controversial thing that a lot of people don't want to hear at least in part because it directly contradicts a lot of feminist narrative that rape is about power, not desire.

Also, research is showing sex in general decreasing. Interesting if porn causes humans to stop reproducing just enough to go extinct.

With 7 billion people on the planet, I'm not losing sleep over this possibility. Especially since I am increasingly seeing stories about outright elderly women giving birth, a la a joke I read forever ago that "In the future, the pressure to produce grandkids will go way down because our grandparents will still be having babies."

That future appears to have more or less arrived.

Re: PayPal stops payouts to models on Pornhub

#497

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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.

Don't forget the role in testing censorship laws. It is fantastic in a way. Always a wet finger in the air to see in which direction it is blowing, constantly asking "how can I make money from this?".

Re: PayPal stops payouts to models on Pornhub

#498

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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…

> In Germany every bank is obliged to offer everyone a so-called base account That's very commendable; I wish more countries had such a regulation. Does it extend to non-citizens living in Germany? What about to visitors to Germany? Could someone open an account (by right) while there on a holiday?

Non-citizens absolutely. Completely illegal immigrants no, but rejected asylum seekers who cannot be reasonably expected to leave the country yes. (The term is "geduldet", but I don't know the exact legal definition.) Visitors no, I'd guess.

Re: PayPal stops payouts to models on Pornhub

#500
post #253

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You can use an ATM (or localbitcoins) to cash out Bitcoin without any connection to your bank account. Bitcoin doesn't have to be ubiquitous to use it even today, you just have to find businesses that accept Bitcoin. A buddy of mine accepts rent from a tenant in Bitcoin. There are exchanges to buy gift cards or Amazon credits with Bitcoin which you can use in real life to buy food. You can realistically go about your…

> There are exchanges to buy gift cards or Amazon credits with Bitcoin which you can use in real life to buy food. Which I’m sure are totally legit and not at all primarily used to launder money.

I'm sure other forms of exchange, for example, USD to GC, can still be used to launder money. This is not exclusive to cryptocurrency as you would imply.
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