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PayPal stops payouts to models on Pornhub

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Re: PayPal stops payouts to models on Pornhub

#531

Post by mirekrusin »

jandrese wrote: post #115
spookthesunset wrote: post #64

Earlier quoted context omitted.

> They would have zero chargeback percentage. Just think about it. LOL. Great for the shady porn site operators but not at all good for the consumer who has no recourse. A lot of those chargebacks are perfectly valid because the site operator is some shady fly-by-night site doing shady stuff.

On the plus side, it's not like they can just grab money out of your wallet with Crypto. You have to initiate the transfer. No "typos" when running your card. No double charges. It actually seems like a valid use case for crypto. Downside is the high fees and/or long waits for the coins to clear.

Cryptocurrency exchanges seem to be solving those problems. They transact between participants in thousands per second. Bybit has no fees on deposits/withdrawals (withdrawals can be batched to avoid network fees); but network fees are not a disaster - currently network fees are: a) in 1 block 0.27 USD/tx; b) in 6 blocks 0.10 USD/tx.

Re: PayPal stops payouts to models on Pornhub

#532

Post by johnpowell »

unreal37 wrote: post #473

17 years ago, my business partners and I were approached by a porn website looking to get their website redone. (We didn't take the job, but it was an interesting meeting.) He said that his biggest problem was "refunds". It seems it was a common thing for people to buy his service (access to porn), and then a few days later claim to the credit card company that it was an unauthorized charge. He told a story of an ira…

I have signed up for trials just because I wanted to grab a certain clip. And while I was in there I would download as much as I can and then cancel. And there is also that once you are done watching the last thing you want to do is watch more. And did I just pay for that? Wasn't worth it.

Family Guy sums it up nicely.

https://youtu.be/IzhIiJJdD9g

Re: PayPal stops payouts to models on Pornhub

#533

Post by maxhille »

dorgo wrote: post #514
Geee wrote: post #469

Earlier quoted context omitted.

Bitcoin transactions are instant. You get the 0-conf transaction instantly and are able to buy stuff. The 30 minutes for 3 confirmations are basically the 'chargeback' time, which is about 2 weeks with credit cards. In day-to-day business, people usually trust 0-conf transactions, or are able to handle the chargeback.

How does a 0-conf transaction work? I mean, without confirmations the transaction is not on the blockchain. It basically doesn't exist. Is it just a promise that I will pay a bitcoin in the future?

The seller now has the buyer-signed transaction as it will (hopefully) be recorded on the blockchain. Common wallets will also already deduct the paid amount.

Re: PayPal stops payouts to models on Pornhub

#534

Post by topmonk »

mikekchar wrote: post #512
topmonk wrote: post #464

Earlier quoted context omitted.

You've been misled... Edit: Here is an example of a lightning network enabled wallet that works as a lightning node itself. No payment processor needed: https://lightning-wallet.com

I'm not sure how this helps. Clearly I can always run my own lightning node, but the person I'm paying has to accept the off network payment from me. That's fine for some kinds of transactions (like my employer paying my salary). But how am I supposed to convince a retailer to accept my off network payment? Similarly, if I want some random person to send me money, how do I convince them to run a lightning node and to…

> But how am I supposed to convince a retailer to accept my off network payment?

Because you're both connected to a common lightning node, at least indirectly. There are several public lightning nodes that accept connections and they are joined together. Connect to one and you have access to their network.

> Similarly, if I want some random person to send me money, how do I convince them to run a lightning node and to let me connect to it?

Same as above. The lightning network is, of course, only going to work with other nodes who are also connected, but there is an incentive to join, since when you do, you can transact with all of its peers.

Re: PayPal stops payouts to models on Pornhub

#535

Post by therealx »

sdegutis wrote: post #475
Jamwinner wrote: post #216

Earlier quoted context omitted.

Are you here just to troll?

No, GP is surprisingly correct, and I’m actually kinda surprised that HN just jumped right to downvotes. But I guess I shouldn’t be. When you attack someone’s heart they writhe in pain. Calling cigarettes “adult pacifiers” for example will really offend someone who is enslaved by cigarettes, even though it’s true. Pointing out the danger and seriousness of today’s horrible porn epidemic will do nothing in a crowd of…

I don't smoke (never have, tried it, not for me), but I still think calling them “adult pacifiers” is an over the top, intentionally inflammatory statement that's not true. If anything, it makes your very real point that people should stop smoking seem ridiculous.

Re: PayPal stops payouts to models on Pornhub

#536

Post by craydandy »

Bombthecat wrote: post #513
bcheung wrote: post #247

Earlier quoted context omitted.

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.

Forbidden in germany. There is literally a law, which basically says: everyone needs to have and is allowed to have a banking account.

Might be EU-thing, as the same applies to Finland. Banks also must provide basic payment card, and online banking for everyone.

https://www.finanssivalvonta.fi/en/Consumer-protection/quest...

Re: PayPal stops payouts to models on Pornhub

#537

Post by mikekchar »

topmonk wrote: post #534
mikekchar wrote: post #512

Earlier quoted context omitted.

I'm not sure how this helps. Clearly I can always run my own lightning node, but the person I'm paying has to accept the off network payment from me. That's fine for some kinds of transactions (like my employer paying my salary). But how am I supposed to convince a retailer to accept my off network payment? Similarly, if I want some random person to send me money, how do I convince them to run a lightning node and to…

> But how am I supposed to convince a retailer to accept my off network payment? Because you're both connected to a common lightning node, at least indirectly. There are several public lightning nodes that accept connections and they are joined together. Connect to one and you have access to their network. > Similarly, if I want some random person to send me money, how do I convince them to run a lightning node and t…

It's been quite a long time since I read up on how lightning works, so maybe I'm misunderstanding something. At least in the version of the protocol I looked at the node that connects to the Bitcoin network has to promise to pay. It's literally a payment processor because they need the capital to guarantee the payment. Is this not the case any more? If it is, then I'm still in the same boat where the Bitcoin network facing node can decide not to service me.

Re: PayPal stops payouts to models on Pornhub

#538

Post by petre »

egeozcan wrote: post #524
Bombthecat wrote: post #513

Earlier quoted context omitted.

Forbidden in germany. There is literally a law, which basically says: everyone needs to have and is allowed to have a banking account.

I'm living in Germany, the bank account of my neighbor in Commerzbank was closed because he wrote "hooker money" in description when sending money to one of his friends. At least that's what we believe because they refused to explain why. He could easily open another account in Volksbank and according to him, when the new account manager asked and learned why his previous account was closed, they had a pretty good la…

The financial industry has no sense of humor.

Re: PayPal stops payouts to models on Pornhub

#540

Post by Geee »

dorgo wrote: post #514
Geee wrote: post #469

Earlier quoted context omitted.

Bitcoin transactions are instant. You get the 0-conf transaction instantly and are able to buy stuff. The 30 minutes for 3 confirmations are basically the 'chargeback' time, which is about 2 weeks with credit cards. In day-to-day business, people usually trust 0-conf transactions, or are able to handle the chargeback.

How does a 0-conf transaction work? I mean, without confirmations the transaction is not on the blockchain. It basically doesn't exist. Is it just a promise that I will pay a bitcoin in the future?

It means that it has been sent to the Bitcoin network to be mined in the next block.
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