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OnlyFans drops planned porn ban

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Re: OnlyFans drops planned porn ban

#201

Earlier quoted context omitted.

> it should be noted that she is a brilliant individual it should NOT be noted. Too many good people died in the wars of past centuries to get us to the freedom and liberty we enjoy today to let any fundamentalists dictate what a normal job is and who works it. Sex work is work and if you dislike it you'd might enjoy Afghanistan these days.

The amount of anger and negativity in this comment is shocking. The work she does is often stereotyped as being "dumb" or non-intellectual. To fight that idea, OP found it valuable to mention how smart she is and how these platorms provide a safe and profitable way to provide for her child. Ask yourself - and I mean really ask yourself - what about that statement has you so angry?

You shouldn’t need to “excuse” sex work.

Re: OnlyFans drops planned porn ban

#202

My biggest shock was how much "PR" was generated on Reddit, and how many sexworkers really do use the platform. I knew it was a thing, I knew of the memes, but to see both sides in arms over a company vs branding, creating their own website and content - and vanity domain as well. People really do just want a one click solution for creating adult content, and consuming adult content. And the memes, I think they're pr…

it's pretty huge COVID hit recently graduated Gen-Z incredibly hard. There's huge groups that are/were unemployed and then there's huge groups who are sexually repressed due to quarantine. Across the whole world, too*. Many can easily make more than min wage, and in certain niches you probably don't even have to be 'conventionally beautiful' (sorry to use this term, but it's important I think) to make a living or sol…

> For $$ per hour worked, why would they field low wage, menial jobs with a risk of COVID?

Median OF revenue per creator is $180/mo for equivalent of a full time job.

https://sea.mashable.com/culture/17130/top-onlyfans-creators....

Re: OnlyFans drops planned porn ban

#205

Earlier quoted context omitted.

it's pretty huge COVID hit recently graduated Gen-Z incredibly hard. There's huge groups that are/were unemployed and then there's huge groups who are sexually repressed due to quarantine. Across the whole world, too*. Many can easily make more than min wage, and in certain niches you probably don't even have to be 'conventionally beautiful' (sorry to use this term, but it's important I think) to make a living or sol…

>For $$ per hour worked, why would they field low wage, menial jobs with a risk of COVID? Because after shit pay being the desk girl at Walmart Tire Center for 2yr you can easily convert that into a service writer job and then retire from your job as regional support manager for Compare with thotting around on the internet where you can make a ton of money up front but you're basically racing the clock because your b…

That's too many regional managers, I don't think the economy will support that.

Re: OnlyFans drops planned porn ban

#206
post #175

Earlier quoted context omitted.

>> less taxes (causing young folks to go heavily into debt for worthless degree credentials) So let me understand this thought process? It is better for Taxpayers to pay for "worthless degree credentials" The biggest problem in society as far as jobs are concerned is credential-ism itself. A standard public education should be good enough for a person to obtain a good middle class job, a K-12 education should be good…

I disagree with you about government as the solution. First, the government should cover, at no cost, two years of community college. Second, employers should be unable to mandate higher education that requires candidates to go into tens of thousands of dollars of debt if employers can't show that credential isn't materially required to perform a role's functions.

>>First, the government should cover, at no cost, two years of community college

I am honestly not opposed to that... But I still believe we should have a better Public Education system less focused on "college prep" and more focused on actual education, preparing people for Life, Jobs, etc as an adult.

The 2 years of Community College should be Vocational Training for the chosen field after your General Education is done in the K-12.

But many people go to Community College to complete their General Education College requirements for their 4 year degree..

Re: OnlyFans drops planned porn ban

#208

Earlier quoted context omitted.

Investments aren’t loans, so you don’t have to pay it back the way a loan might be.

Thanks, I guess I was wrong on that count. It makes sense. The first part continues to baffle me. If I have a proven profit of $X/year and I have the market captured (speaking on the order of 10% or 50%, doesn't matter), how does it make sense to seek investment in the order of 100*X? What's the goal? Why not just keep milking the proven cash cow and stop growing and risking?

It doesn't really make sense in my opinion, so maybe I'm the wrong person to answer, but I think it's a game of statistics.

OF has captured a certain market, and is making a certain amount of money. Of companies like that, a small but not insignificant number grows to super major size, the size that can do an IPO and exit for billions.

The current owners are OF are trying to capitalize on the value investors put on that possibility, and on the reduced risk of having so much money invested. With each investment round the risk of failure goes down a little, and the risk of major success goes up a little.

A major example of this is Facebook. It was profitable and well established, why would they need extra investment or an IPO? Then out of nowhere Facebook bought Instagram, and Whatsapp, and it is clear now that without those two acquisitions Facebook could have been in serious trouble. The absolute crapton of cash they got effectively took away risk.

So it's a chance to de-risk and cash out of OF, and let the big boys play on taking OF to an IPO.

Re: OnlyFans drops planned porn ban

#209
post #156

As a Gen-Z also recently graduated (less than 5 years), I can assure you, the fact these platforms are so big is because being graduated isn't worth anything these days. You are lucky or you are not.

That’s troubling. I don’t know where you live but at least in my locale many employers seem hesitant to hire newly-grads, even if they need to increase staff. Many companies seem to expect some other company to take care of the training. A degree is nice but until someone has gained experience that person first needs a company to take a chance on them.

When I graduated (5-10 years ago) internships were the best way to grain experience and stand out a bit above the rest in the full time hiring portion.

1. The company that hired the interns received a fantastic deal on labor. I think the company that hired me did it because they had an extra fully equipped desk that was going to waste without someone coding on it.

2. Not every student earned an internship, so gaining one was real feather in the hat.

3. Not every intern would have accomplished the same amount. Just like school and life, the more you put into an internship the more you get out.

4. It jump started my professional network of people actually in industry.

Re: OnlyFans drops planned porn ban

#210
post #70

Earlier quoted context omitted.

I'd include lending in basic services. However it would tie it to pure risk, along with don't let a customer get into too much debt. Pure risk means you only get to look at risk from an actuarial/numbers perspective, nothing more. Too much debt I'm not quite sure how to word into proper legalise but that needs to be done before we can actually do this - maybe just better bankruptcy laws so that risk goes up too high…

The sticking point in my mind for lending is that risk undoubtedly varies by industry. It's not really very sensible to force banks to lend money to businesses without considering what industry they're in. At that point, how do you differentiate a sensible underwriting decision from unfair discrimination?

Interest rate and documentation.

Pretend that a batch of YC startups are all getting loans rather than ownership purchases. What effective interest rate are they paying? What is the default rate where the startup dies before acquisition/profitability/IPO?

Write a heuristic to determine a fair interest rate given the current prevailing rates, financial history of the company in question, financial history of similar companies, and similar objective and quantifiable subjective factors. Document it. When someone complains, demonstrate to your regulator that your procedure was fair, reasonable, and applied evenhandedly, and to the extent possible is consistent with actual outcomes.

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