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

Visa and MasterCard ban Pornhub over abusive videos

arstechnica.com

Post reply on HN
Print view View original

1–10 of 61 posts

Re: Visa and MasterCard ban Pornhub over abusive videos

#3

Post by CryptoPunk »

lucasyvas wrote: post #2

Perhaps the killer app for cryptocurrency will be paid porn? Might be a stretch, but it's hard content to moderate and the demand for it is huge.

The first killer app is already here: decentralized exchange.

The highest volume DEX, Uniswap, had trading volumes that rivaled those of the largest crypto exchanges, like Coinbase Pro and Kraken, over the summer.

It provides a user experience that in many cases is superior to that provided by traditional exchanges, with nothing more than a MetaMask extension on the browser needed to trade Ethereum-based crypto assets, and with no requirement to hand over custody to a trusted third party.

Re: Visa and MasterCard ban Pornhub over abusive videos

#5

Post by disown »

How odd. Right after a state propaganda organ, I mean news organization, went after pornhub. Given how depraved the media industry is, I bet they knew all about the illegal activities on pornhub too. Of course we have to hold our tongue because they are the protected privileged class we aren't allowed to offend.

There seems to be a pattern. State propaganda targets company or person X immediately followed by physical or financial deplatforming or state/federal/international legislative/regulatory action.

If there are illegal activities on pornhub, shouldn't that be a legal matter? Why is visa or mastercard involved in this? What's next? Visa and mastercard will ban certain organizations that supported illegal wars? Won't be holding my breath on that one.

Edit: And of course the insta-downvote.

Re: Visa and MasterCard ban Pornhub over abusive videos

#6

Post by dredmorbius »

lucasyvas wrote: post #2

Perhaps the killer app for cryptocurrency will be paid porn? Might be a stretch, but it's hard content to moderate and the demand for it is huge.

I'm sure an opaque nonreversable transaction, and nonmodifiable permanent globally-readable transaction ledger will fit that application perfectly, against LEO, blackmail, and fraudsters.

Re: Visa and MasterCard ban Pornhub over abusive videos

#9

Post by darig »

The same thing happened to me, but the only difference was I didn't do anything close to illegal. In the late 90s I made a massively multiplayer online drug dealing game. At its peak there were about 3M daily active users. I went through a few shared hosting companies as I learned to optimize and scale the stack. One of them cut me off, stole all the source code, and launched their own copy of the game. I couldn't afford to bring legal action against them. Eventually I had my own co-located servers in one of google's old datacenters in San Jose, and had everything humming smooth. The game was free, but I charged $1/mo for "premium" features that basically just let you skin your character or start a gang. No "pay to win" stuff... just gravy. I had direct payments from Visa and Mastercard, as well as PayPal that included Discover and AmEx I think.

I got accused of running an actual drug marketplace. The DEA contacted me to let me know they were alerted of the claims, but after an investigation determined (fairly obviously) that it was just a game, and let me know that they enjoyed it, and many of the agents in their office were actively playing. A month later PayPal cut me off, seized all of my funds (that I have still not gotten back), and shortly after that my direct merchant accounts with Visa and MasterCard were cut off. Lesson learned. America's financial institutions are corrupt.

Re: Visa and MasterCard ban Pornhub over abusive videos

#10

Post by totony »

RoyTyrell wrote: post #4

I'm guessing that unless they can reverse the decision of Visa and MC, either they'll have to transition to an ad-only model or they'll soon be going out of business.

Maybe porn will be the first business to adopt cryptos. Would love for it to happen and it seems quite easy considering Pornhub already has some infrastructure for fraud detection
Post reply on HN