11–20 of 61 posts
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.
Porn is so ill viewed that this is hardly a surprise. Plenty of disgusting content is published to most user-generated content platform, yet the easy target is always porn. The old "protect the children" used yet again for some dubious purposes.
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
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…
The downvotes are probably because the comment shows a lack of understanding of a few things.
Pornhub has always had trouble with payment processors. They even had to make their own stripe. Porn is so ill viewed that this is hardly a surprise. Plenty of disgusting content is published to most user-generated content platform, yet the easy target is always porn. The old "protect the children" used yet again for some dubious purposes.
Earlier quoted context omitted.
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
They'd probably like it in that light. Less fraud to detect with crypto payments. No charge backs are possible.
I don't think they will launch a full-fledged cryptobacked anything, but if they do, chargebacks are a nice thing to support to boost adoption.
Pornhub has always had trouble with payment processors. They even had to make their own stripe. Porn is so ill viewed that this is hardly a surprise. Plenty of disgusting content is published to most user-generated content platform, yet the easy target is always porn. The old "protect the children" used yet again for some dubious purposes.
Made their own stripe? You mean cut out the middleman? Lots of companies with large processing volume do this. Pretty normal, it saves a lot of money, any gateways or ipsp dealing in high risk take hefty fees.
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 asset…
Earlier quoted context omitted.
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
They'd probably like it in that light. Less fraud to detect with crypto payments. No charge backs are possible.
Earlier quoted context omitted.
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 asset…
How much of that is wash trading?