I guess you can expect companies to start using the defence of many politicians, just create as much noise and kick up as much dirt as possible distracting from whatever the main issue is (in this case child porn on your platform [1]). They were never going to ban adult content were they. Cynical in the extreme. [1] https://www.bbc.co.uk/news/uk-58255865 EDIT: I’ve updated this comment with a BBC investigation that s…
OnlyFans drops planned porn ban
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Re: OnlyFans drops planned porn ban
#42Wonder if this was all a publicity stunt to put pressure on their payment processors.
If so, I think that's a good thing. This should bring attention to payment processors' ability to effectively kill any type of business they don't agree with. I'm not sure what the solution is. Should banks be forced to behave as a common carrier? Or do we want private companies to be able to ban the public from purchasing things like pornography and firearms by stopping adults from completing legal transactions?
I wonder if climate change critics are next.
Re: OnlyFans drops planned porn ban
#43aka "Our valuation is dropping like a rock"
Re: OnlyFans drops planned porn ban
#44"Suspended" aka they're waiting for all of this to blow over.
They are probably looking for alternative payment methods. (coinbase payment processor and accept cryptocurrencies?) Or they got some guarantees from banks that they won't get banned. Their options are to die like tumbler or fight a bit. Moving away from traditional payment processors might cause problems for them as well.
Re: OnlyFans drops planned porn ban
#45It's extraordinary that payment processors don't have any regulations that force them to serve businesses in a neutral fashion. It's weird that they're allowed to play morality police with the Internet even though they have no formal governmental role as such. You'd think that once the government decides what is and isn't acceptable, the processors would follow that lead. But instead they go a different, more restric…
I don't see how common carrier type regulation in the financial services industry could work. You're essentially forcing people to lend out or risk their money with anyone who asks regardless of their financial status or the risk profile of their business. Surely choosing what business risks you are willing to take must be some sort of right? The only way out of that would be blanket government insurance for payment…
Re: OnlyFans drops planned porn ban
#46Re: OnlyFans drops planned porn ban
#47Earlier quoted context omitted.
IMO think the only worse PR nightmare than banning adult content on your adult content platform is reversing your reversal on that ban.
I suppose? But then again it's hard to know what was going on behind the scenes. Did the CEO just save the company from their vendors bankrupting them in a daring display of finger pointing brinkmanship?
Re: OnlyFans drops planned porn ban
#48Re: OnlyFans drops planned porn ban
#49When are we going to see a Medium or Substack for pornographic content? Even better an opensource LAMP or MEAN stack to host your own adult entertainment site?