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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.
Can someone explain what do payment processors gain by this? Do they gain new clients that were against the banned business? Is it PR related to moral panic? Is it because of chargebacks? What do they risk business wise by not banning them?
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
Earlier quoted context omitted.
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.
I agree that it is easier, and consumers prefer this if they have a choice. But now that they don't have a choice anymore, I think it will turn out that it's not a dealbreaker and they will put up with marginally less safety.
The bigger question is if people can be bothered to acquire bitcoin for the purpose of paying pornhub. It may be annoying enough that would-be customers turn to piracy.
Can someone explain what do payment processors gain by this? Do they gain new clients that were against the banned business? Is it PR related to moral panic? Is it because of chargebacks? What do they risk business wise by not banning them?
Protecting themselves from a legal nightmare.
Nicholas Kristof's NYT article and HN discusion, from 6 days ago. https://www.nytimes.com/2020/12/04/opinion/sunday/pornhub-ra... https://news.ycombinator.com/item?id=25301913
He accomplished a lot in a week!
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.
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…
Visa and MC are in fact removing themselves from the situation. The downvotes are probably because the comment shows a lack of understanding of a few things.
And for a change, I actually agree with the state propaganda agencies. Somehow they were able to chase the daily stormer off the internet basically for talking like my grandfather when he'd watch the news, meanwhile dehumanizing pedophile rape wanker website is muh freedumb of speech.
Can someone explain what do payment processors gain by this? Do they gain new clients that were against the banned business? Is it PR related to moral panic? Is it because of chargebacks? What do they risk business wise by not banning them?
Will this lead to the rise of crypto as a proper currency as opposed to a gold-like investment vehicle?