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PayPal stops payouts to models on Pornhub

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Re: PayPal stops payouts to models on Pornhub

#621

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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 f…

Most of the materials from a panel should be recycleable. The bulk of the panel is an aluminium and glass wrapper over the solar cells. Glass and aluminium are very recycleable.

They also contain metals like lead, chromium and cadmium. Recycling solar panels is not that simple or clean, it also involves burning plastic.

Re: PayPal stops payouts to models on Pornhub

#622

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…

Generally the advice in Germany is not to use "funny" descriptions, but not because the bank might have no sense of humor but because the tax agency might take it literally.

If your friend sends you money "for sexual favors", that might be considered taxable income and you'll find yourself having some explaining to do.

Re: PayPal stops payouts to models on Pornhub

#623

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10 minutes is nothing. A wire transfer can take hours. A bank transfer can take days. A wire transfer might cost you 20 bucks as well. Bitcoin is amazing at transferring large sums of money quickly, internationally, for a low overhead cost. It's extremely useful for a lot of people.

A lot of merchants ask for 3+ confirmations, and sometimes 1 confirmation can even take 20 minutes. Paypal and credit cards take seconds. And $20 for a wire transfer pales in comparison to the fees people charge for converting bitcoin to cash https://localbitcoins.com/ Yes transferring large sums of money internationally is useful, but it is a niche, and bitcoin doesn't even do it that cheaply.

Cash handling is expensive (cash pickup logistics, compliance fees, banking fees, insurance fees, you name it). But it IS from one bearer instrument (cash) to another bearer instrument (Bitcoin) - and that’s hugely valuable. Wire transfer fee at Suntrust for instance is currently at $50, for example: https://transferwise.com/us/blog/international-transfer-sunt... https://www.suntrust.com/content/dam/suntrust/us/en/personal...

Re: PayPal stops payouts to models on Pornhub

#624

Earlier quoted context omitted.

What's your point, exactly? My initial comment was that ETH is faster (15tx/s vs 3-5tx/s) than BTC and that layer1 scaling solutions for ETH are probably coming soon. Everyone that has replied to you is just providing more info than I did. And your response is "ethereum's transactions per second are comically low right now"?

What is my point exactly? I feel like this should be obvious to anyone that doesn't have a bias towards crypto because they are gambling a lot of money on it. Making confirmations faster usually just tends to make them weaker. The security of each confirmation is based on the work down (or cpu hours). By making confirmations take half the amount of time, this only makes confirmations half as secure, because the amoun…

The number of confirmations needed to feel like a tx is secure and the throughput of the network are not related. Regardless of that, you're still wrong about security and confirmations, using your own source.

ETH ave. block time: 10s. Time to get to Coinbase confirmations (35): ~350s

BTC ave. block time: 10m. Time to get to Coinbase confirmations (3): ~1800s

So I can make 5-6 transactions that coinbase thinks is "secure enough" on Ethereum in the time it would take me to make one transaction with Bitcoin.

Add to that the fact that the throughput of the network is higher, and ETH is actually about 17x faster than BTC, and that's totally ignoring the on-chain scaling that ETH is much closer to than BTC.

Also I don't currently hold any crypto, so you can stop pretending that everyone who is more informed than you is actually just biased. I cashed (of my mostly BTC holdings) in 2017.

Re: PayPal stops payouts to models on Pornhub

#625

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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…

> enforced two-factor In what world do wire transfers require 2FA?

In any sane world.

Nowadays also mandated by the law in the EU.

Re: PayPal stops payouts to models on Pornhub

#626

Earlier quoted context omitted.

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.

But how do I transfer bitcoins from your main wallet to the new one without having this transaction public so linking your wallets. As I said I did not researched this topic or own bitcoings, my scenario is that say we all use bitcoins everywhere, then I or you manage to upset some internet community, then they will start "hunting" , they could grab a list of all the transaction, see what you bought/sell from who you…

> But how do I transfer bitcoins from your main wallet to the new one without having this transaction public so linking your wallets.

Don’t transfer between personal wallets: when you purchase BTC, send it directly to the wallet you’ll use those funds with.

Transaction mixers (there are other names, but i think mixer is/was common) are a viable way to deter this kind of attack, as they muddy the transaction history between you and who you wish to pay (or yourself). You’ll have to pay for anything that’ll stand up to dedicated government/professional scrutiny, but i’ve seen more sites with some measure of mixing built in lately.

Re: PayPal stops payouts to models on Pornhub

#627
post #622

Earlier quoted context omitted.

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…

Generally the advice in Germany is not to use "funny" descriptions, but not because the bank might have no sense of humor but because the tax agency might take it literally. If your friend sends you money "for sexual favors", that might be considered taxable income and you'll find yourself having some explaining to do.

Not just tax authorities, but (more importantly) police ones.

The laws around things like sex work or drug consumptions, in most countries, are full of grey areas and willfully-contradictory positions (e.g. one can buy but the other can't sell, etc). So as soon as a transaction is categorised as part of a "problematic" economy, then police can get involved. If your bank lets through "hooker money" unchallenged, the police can eventually accuse the bank of facilitating activities which might be, at some level, criminal.

Re: PayPal stops payouts to models on Pornhub

#628

Earlier quoted context omitted.

Most of the materials from a panel should be recycleable. The bulk of the panel is an aluminium and glass wrapper over the solar cells. Glass and aluminium are very recycleable.

They also contain metals like lead, chromium and cadmium. Recycling solar panels is not that simple or clean, it also involves burning plastic.

Sounds like that thing about the perfect being the enemy of the good to me.

This chain of comments is interesting to me because it seems to follow a theme I always see around discussion of mining in Australia. To put it extremely bluntly, it usually goes: "Australia is in an advantageous position for a pivot to solar energy" --> "Well yes but we can't just stop mining, and solar panels aren't perfect by the way!"

Related is the (to me) laughable notion that someone who uses products derived from Australian mining or benefited indirectly from that industry (almost unavoidable given Australian rare earth mining, for example, and the size of the mining industry in Australia) is somehow a moral hypocrite. I'm sorry, but by that logic, one is a moral hypocrite if one has criticized politicians but has not personally tried to make a difference in the system by becoming one; or one is a moral hypocrite for criticizing Google while continuing to use Gmail. It has no end. "Oh, you want a greener world, but I see you got on a plane once. Checkmate!!"

No one reasonable thinks renewables like solar are a perfect solution. They just don't produce on such a drastic scale things like unlined coal ash dumps that leak into the groundwater.

Re: PayPal stops payouts to models on Pornhub

#629
post #575

Earlier quoted context omitted.

So I can't use my personal account to receive salaries? Does the bank have to know/care about the details my profession?

Depends on what your "salary" is. In the EU, the banks are obligated to find out where you get your money. And they have an obligation to close your account if they don't get satisfactory answers. "Know your customer". My bank has recently started to ask customers to clarify transfers, and even shoot and send some video of themselves, smiling, and explaining things. I haven't got that myself yet but several colleague…

Your bank doesn't need to be so invasive, so if they are you need to switch. There is no EU directive that tells them to clarify things using some sort of weird video proof.

Re: PayPal stops payouts to models on Pornhub

#630
post #627
post #622

Earlier quoted context omitted.

Generally the advice in Germany is not to use "funny" descriptions, but not because the bank might have no sense of humor but because the tax agency might take it literally. If your friend sends you money "for sexual favors", that might be considered taxable income and you'll find yourself having some explaining to do.

Not just tax authorities, but (more importantly) police ones. The laws around things like sex work or drug consumptions, in most countries, are full of grey areas and willfully-contradictory positions (e.g. one can buy but the other can't sell, etc). So as soon as a transaction is categorised as part of a "problematic" economy, then police can get involved. If your bank lets through "hooker money" unchallenged, the p…

> willfully-contradictory positions (e.g. one can buy but the other can't sell, etc).

This seems weird, but is actually a perfectly reasonable legal regime that's all about power dynamics and enabling the authorities to approach people. Drug users and prostitutes are in much more vulnerable positions than drug dealers and johns respectively.

If you make selling drugs a crime, but not buying/owning those same drugs, now the police can approach addicts much more easily, and get them help (this is the much-lauded Portuguese model).

The same logic applies in reverse to prostitution: if selling sexual favours is legal, but buying is illegal, prostitutes are enabled to report abusive johns to the police, and authorities can approach them much more easily to try and get them off that life too.

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