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Visa and MasterCard ban Pornhub over abusive videos

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Re: Visa and MasterCard ban Pornhub over abusive videos

#21

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.

Would you mind stating your point plainly? Because I don't get what you are trying to say

Re: Visa and MasterCard ban Pornhub over abusive videos

#22
post #21

Earlier quoted context omitted.

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

Would you mind stating your point plainly? Because I don't get what you are trying to say

op is saying that cryprocurrency will allow shady sites to receive payment and not provide a service with no ability to perform a charge back, and that the payment record will be public and _can_ be traced back to the buyer

Re: Visa and MasterCard ban Pornhub over abusive videos

#23
post #21

Earlier quoted context omitted.

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

Would you mind stating your point plainly? Because I don't get what you are trying to say

Incase you're being genuinely sincere in your query..

> globally-readable transaction ledger

Having which skin flicks i dropped a dime on publicly searchable doesn't seem a good move privacy wise.

Re: Visa and MasterCard ban Pornhub over abusive videos

#24

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.

I’ve been convinced for years that the only real use case for crypto currencies is privacy centric transactions.

Meanwhile Bitcoin is now talked about everywhere mainstream so people keep buying Bitcoin as a speculative investment and at the same time Monero barely gets any press coverage.

Re: Visa and MasterCard ban Pornhub over abusive videos

#25
post #21

Earlier quoted context omitted.

Would you mind stating your point plainly? Because I don't get what you are trying to say

Incase you're being genuinely sincere in your query.. > globally-readable transaction ledger Having which skin flicks i dropped a dime on publicly searchable doesn't seem a good move privacy wise.

If you transfer $20 to pornhub that doesn't say a lot about your tastes.

Re: Visa and MasterCard ban Pornhub over abusive videos

#26
post #16
post #13

Earlier quoted context omitted.

They'd probably like it in that light. Less fraud to detect with crypto payments. No charge backs are possible.

Chargebacks are a safety-net on top of payment systems. It gives peace of minds to users. 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.

I don't disagree, but consider how much more useful is the ability to chargeback in a pull-based system where anyone with a semi-public piece of data (your credit card number) can take money from you, versus a push-based system where every single transaction must be initiated by you.

Re: Visa and MasterCard ban Pornhub over abusive videos

#27
post #22
post #21

Earlier quoted context omitted.

Would you mind stating your point plainly? Because I don't get what you are trying to say

op is saying that cryprocurrency will allow shady sites to receive payment and not provide a service with no ability to perform a charge back, and that the payment record will be public and _can_ be traced back to the buyer

I see it as fairly unlikely that a website as reputable as Pornhub would pull something like that. But if they do, there is always law enforcement.

Re: Visa and MasterCard ban Pornhub over abusive videos

#29
post #21

Earlier quoted context omitted.

Would you mind stating your point plainly? Because I don't get what you are trying to say

Incase you're being genuinely sincere in your query.. > globally-readable transaction ledger Having which skin flicks i dropped a dime on publicly searchable doesn't seem a good move privacy wise.

There are plenty of cryptocurrencies that are designed to be anonymous. Bitcoin isn't the only thing out there

Re: Visa and MasterCard ban Pornhub over abusive videos

#30
post #27
post #22

Earlier quoted context omitted.

op is saying that cryprocurrency will allow shady sites to receive payment and not provide a service with no ability to perform a charge back, and that the payment record will be public and _can_ be traced back to the buyer

I see it as fairly unlikely that a website as reputable as Pornhub would pull something like that. But if they do, there is always law enforcement.

no need to disagree with me with the content of op's comment. I was just explaining. although just to comment on your point, it is much easier to get a charge back from a cc company than to sue a company.
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