I don't understand what they do to prevent the things they rant about. It's like the drunk uncle payment processor. Sure there are legitimate grievances to address with the current state of freedom of speech etc, but it is clear the owners are into far right conspiracies.
Parallel Economy: Censor-Resistant Payment Processing
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Re: Parallel Economy: Censor-Resistant Payment Processing
#12[deleted]
Re: Parallel Economy: Censor-Resistant Payment Processing
#13I don't get it, seems like it is still using visa/MasterCard? Aren't they the ones at the root of most issues?
There's a pretty wide range of issues that Stripe/Paypal won't take payments for but Visa/MasterCard will.
It may turn out to be a marketing gimmick but it seems to me like there's a niche for a high risk payment processor that focuses on the perceived risk of being "cancelled" as the risk they help manage. How they'll deal with all the other issues a high-risk processor has to handle is something I'm curious about.
Re: Parallel Economy: Censor-Resistant Payment Processing
#14This sets of my grift alarms: there's no virtually no explanation of what makes it "censorship-resistant," but lots of heavy-handed references to authoritarianism, etc.
There continues to be good money in playing the middleman, I suppose.
Re: Parallel Economy: Censor-Resistant Payment Processing
#15> Cancel culture will not win But what are they doing to actually prevent censorship? This feels like an excuse to capitalize on the politically charged term of “cancel culture”. My grift alert is blaring.
> But what are they doing to actually prevent censorship? Payment processing. edit: I have to say that I'm finding the replies unintelligible. The largest payment processors are banning organizations from receiving payments. This organization claims that they will not do that. Would that destroy censorship in the world, or keep Visa and Mastercard from banning people (or banning Parallel Economy themselves?) No. Does…
They never explained how they'll process payments when VISA cuts them off.
Re: Parallel Economy: Censor-Resistant Payment Processing
#16> Cancel culture will not win But what are they doing to actually prevent censorship? This feels like an excuse to capitalize on the politically charged term of “cancel culture”. My grift alert is blaring.
> But what are they doing to actually prevent censorship? Payment processing. edit: I have to say that I'm finding the replies unintelligible. The largest payment processors are banning organizations from receiving payments. This organization claims that they will not do that. Would that destroy censorship in the world, or keep Visa and Mastercard from banning people (or banning Parallel Economy themselves?) No. Does…
But… that doesn’t prevent censorship when it’s still reliant on the same core payment processors.
As best as I can tell this is basically security through obscurity.
Re: Parallel Economy: Censor-Resistant Payment Processing
#17"Tech tyrants and authoritarians want to dictate speech — and commerce." Really?
When fear-stoking is on the main page instead of technical details or documentation, it's obvious what they're selling isn't a technical service.
Re: Parallel Economy: Censor-Resistant Payment Processing
#18> Cancel culture will not win But what are they doing to actually prevent censorship? This feels like an excuse to capitalize on the politically charged term of “cancel culture”. My grift alert is blaring.
> But what are they doing to actually prevent censorship? Payment processing. edit: I have to say that I'm finding the replies unintelligible. The largest payment processors are banning organizations from receiving payments. This organization claims that they will not do that. Would that destroy censorship in the world, or keep Visa and Mastercard from banning people (or banning Parallel Economy themselves?) No. Does…
Yes, that's what the site says. But they're presumably not running a settlement network from top to bottom, so it's perfectly reasonable to ask what they're doing different from every single other payment processor (or middleman, or reseller, or...).
In other words: is the "censorship resistance" here just the pinky promise of someone who unironically writes a page like this[1]?
Re: Parallel Economy: Censor-Resistant Payment Processing
#19I don't know if they are trying to grab porn money while pretending to grab right-wing money or something else is going on. But I do know that there is nothing on their site that implies they do anything NEW or DIFFERENT. So not sure how they plan to get around visa/mastercard banning them.
Re: Parallel Economy: Censor-Resistant Payment Processing
#20That's a good company name. The broader the cancellations, the broader the emerging parallel economy. Every case of a corporation refusing a customer is an opportunity for another to accept. In a relatively free market you don't extinguish a sector by dividing it; that just generates targetted support. Media is dividing along partisan lines and apparently payment processing is too. What else? How broad will the paral…
These alternatives are not very popular, and once they try to scale they face the same problems their popular brethren does. PayPal sucks, but it's also somewhat works for half a billion people.