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OnlyFans drops planned porn ban

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Re: OnlyFans drops planned porn ban

#291

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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…

In Germany, all Craftsmen are just laughing. Tiler, Carpenter, electrician, etc.. all of them have enough to do, can choose their clients and their wages. I understand that HN always will tend to talk about CS, but Craftsmen are doing their 40k/year, easily. The Salary potential is just increasing.

Not Germany, but similar situation in Belgium:

Skilled crafts here can generate a more money in the first 10-20 years of a career than what you make with a university degree desk job. One factor is that you can get into the labor force much earlier, don't neglect that 3-5 years head start when saving for your first house loan. After that, it depends if you're doing the extra hours, weekend and night shifts.

After that the masters degree jobs get the advantage. The craftsmen either they worked their way into a more supervising role or are not able or willing to do the lucrative labor hours.

The decline in crafts like baker or butcher is attributed to the long and weird hours, more than the pay. There are simply not enough to replace the

Re: OnlyFans drops planned porn ban

#292

Earlier quoted context omitted.

You don't pay investments back. They are a purchase of shares. The exchange is made and you're done. > How is possibly better than organic growth at this point where they are probably close to market saturation (in the sense that further exponential growth is implausible)? Moving into new markets, expanding the scope of the existing market, etc. Is OnlyFans that different from Youtube, or Patreon? Is it that differen…

> You don't pay investments back. They are a purchase of shares. The exchange is made and you're done. This is a common misunderstanding that equity funding is free. For the owner of a business, taking outside investment and issuing share in return is diluting the original owners stake in the business. If effect, you are paying for these investments forever because you are giving up some portion of the businesses fut…

That's correct, taking venture capital is almost always a massive obligation and a very real operational liability. It's just not a liability in the financial loan/debt sense, the liability isn't on the balance sheet as debt, it's in the obligation and complexities that come with managing the new capital partners and their self-interest; self-interest which may not always align with your own or the company's best interests. The operational liability is burrowed into the cap table.

Re: OnlyFans drops planned porn ban

#295

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Worthless? Probably depends on the degree. Miseducation is worse than the absence of education. STEM at least has some market value , but man does not live by bread alone and market value alone does not elevate the university above the level of trade school. Trade schools are a good thing. Turning universities into glorified trade schools (which they are) is not. People need more of the intangible but true. A consume…

You may get as philosophical as you want on the topic of whether degrees are necessary. As someone who did college recruiting for my company I can say first hand that degrees don't mean anything about someone's skillset. I've talked to hundreds of students with a 4.0 and a degree that couldn't tell me the Big-O of a hash vs searching a list. But if you are working in a field where the job requirements list a bachelor…

A degree at least means a candidate can probably read and write. I meet too many 20-somethings who think they are hot stuff because they can make a website dance, but are totally incapable of creating a document explaining how they did it.

My favorite legal recruiter question: give them a topic to research online, one where you know the wikipedia entry is wrong. Not many without post-secondary research experiance would pass that one.

Re: OnlyFans drops planned porn ban

#296
post #284

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But if I'm an investor, I would be worried that Visa/Mastercard could get pressed by one of the anti-porn groups at any moment, and then poof , there goes my investment. It's better from a risk perspective to go ahead and get OF into compliance by banning adult material before buying into the platform.

> It's better from a risk perspective to go ahead and get OF into compliance by banning adult material before buying into the platform. Except, there would be nothing left to buy.

Lol, you're right, but some folks don't think that far ahead. And if the owners of OF want to eat at the financial trough, their only option might be to try to see what they can get away with.

Re: OnlyFans drops planned porn ban

#297
post #31

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The hard part is the banking and payments side of things. That's where a new entrant would be useful (but unfortunately also ~impossible in the US).

I'm sure these puritanical payment gateways and processors have no problem taking fees for sales of guns, cigarettes, and all varieties of snake oil. But porn? No that's simply too much!

Many vendors do block sales of firearms (or anything resembling 2A) due to similar risk factors. It's extremely difficult to find a gateway and processor that's 2A friendly. The small number of vendors that are 2A friendly usually require an FFL to further mitigate risk.

If you can find a gateway and processor that has an underwriting team that will not require an FFL, that would be a sight to behold.

Re: OnlyFans drops planned porn ban

#298
post #86
post #43

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More likely "we managed to get a deal in place with our payment processor". The only reason why they were going to do this was their payment processor saying they would stop processing their payments.

With all the PR a major bank that deals with high risk would have stepped in. There is too much volume and processing to turn a blind eye from this deal. It should be noted that the cams see a lot lower chargebacks than subscriptions because of the shady tactics a lot of subscription adult sites use. Example would be not noticing a "$1 trial" addon being offered that recurs at like $44.95/month. The rest of the charg…

Besides adult content, what else is considered "high risk"? What are the commissions in this space?

Also, major media outlets* are now doing bait and switch subscriptions. Does that make them high risk too?

*Bloomberg $2/mo->$35/mo after 3m

NYT $4/mo->$17/mo after 1yr

WAPO $4/mo->$10/mo after 1yr

Economist $25/qtr->$55/qtr after 1 qtr

Re: OnlyFans drops planned porn ban

#299

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Doesn’t help when you don’t have the foot in the door because your family is not traditionally professional. I had to ask one of my old graduate project partners for a referral to my current (and first, at 27) tech job and I still feel dirty and guilty that I got it so easily and managed to escape the trap of being extremely qualified while making min wage in a dusty shithole of a warehouse. “It’s not what you know,…

> “It’s not what you know, it’s who you know” was a phrase of derision growing up, but it’s how the world works now. It was always a phrase of derision for the naivete of those who think it has ever been different , because it has always been how the world works. You just didn't understand it until it bit you, and then you mistook it for some recent change, even though you apparently grew up with people telling you h…

True, I always interpreted it as “incompetent people will sometimes be picked over you by virtue of their connections” but the reality is much, much worse IMO: “from a young age, optimize your social network for the career you want, else play the application lottery”

Re: OnlyFans drops planned porn ban

#300

Earlier quoted context omitted.

I would also like to know on whether it's possible for someone to start their own payment processors? There are tutorials on how to start an ISP, so should be possible for payment processors too no?

Why not use crypto? Porncoin2.

You still need to pass through a bank to convert it to anything usable.
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