The real OnlyFans scandal is the unaccountable power of platforms and banks

Post by pilsetnieks » Sat, Aug 28, 2021, 1:24 PM UTC

londons_explore wrote: post #46

LinuxBender wrote: post #32

Earlier quoted context omitted.

My understanding is that banks don't really care about sex. At least the one I worked for didn't seem to care. They will take all the money they can get. The more they have, the more they can lend out based on the fractional reserve system. They do care if people are not investing money in their banks and there are investors that don't wish to be associated with adult related organizations. Perhaps there is a way to…

Are chargeback rates higher for porn businesses? If so, that alone could be a reason to stop servicing them.

Post by SantalBlush » Sat, Aug 28, 2021, 1:25 PM UTC

ashtonkem wrote: post #51

pessimizer wrote: post #25

The reason the banks, and through the banks OnlyFans, attack sex is because they are accountable, and don't wish to take risks unless they are very profitable risks. The real danger of platforms and banks is how happy they are to censor for the government, or simply the loudest, richest mouth, in order to keep the profit flowing. If you want to fix it, you put in legal protections for people to do business, rather th…

The issue is that the banks all move in lock step, undermining the basic principle of the free market. If one bank decides it doesn’t want to deal with porn, fine. But when all the banks decide that, that’s very very bad. The cumulative effect is a chilling of protected speech in a way that congress could never legally get away with.

Post by vermontdevil » Sat, Aug 28, 2021, 1:25 PM UTC

treis wrote: post #56

snarf21 wrote: post #37

Earlier quoted context omitted.

Agreed, the article goes to the wrong place. The real cause is that most organizations (government, financial institutions, media conglomerates, etc.) are largely controlled by old rich white guys and they don't like people doing things. They are the ones pushing their "morality". We need more diverse and younger people in these positions to evolve our culture more quickly.

They're not pearl clutching church goers enforcing their morality on everyone. They're concerned about real objective harm like revenge porn, videos of sexual assault, leaked videos, child porn, and so on.

Post by dcolkitt » Sat, Aug 28, 2021, 1:26 PM UTC

chii wrote: post #57

Sebb767 wrote: post #33

Earlier quoted context omitted.

These people, especially in porn, live by impulsive spending (buying the subscription, sending tips). The high delay and extremely large sign-up burden [0], combined with the fees, would probably ruin a lot of their income. Remember, they compete with a free offering. [0] Most people don't own crypto yet, so they'd need to learn about it, create an exchange account, verify it, fill it up and then they can pay. Compar…

CC also went through a similar transformation that crypto would have to. The problem is that noone wants to take the risk to transform crypto into as convenient a service as credit cards, when credit cards have such a first-mover advantage.

Post by danaris » Sat, Aug 28, 2021, 1:27 PM UTC

treis wrote: post #56

snarf21 wrote: post #37

Earlier quoted context omitted.

Agreed, the article goes to the wrong place. The real cause is that most organizations (government, financial institutions, media conglomerates, etc.) are largely controlled by old rich white guys and they don't like people doing things. They are the ones pushing their "morality". We need more diverse and younger people in these positions to evolve our culture more quickly.

They're not pearl clutching church goers enforcing their morality on everyone. They're concerned about real objective harm like revenge porn, videos of sexual assault, leaked videos, child porn, and so on.