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Parallel Economy: Censor-Resistant Payment Processing

paralleleconomy.com

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Re: Parallel Economy: Censor-Resistant Payment Processing

#21

Post by egypturnash »

shakezula wrote: post #5

> 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.

Their about page (https://www.paralleleconomy.com/about/) explicitly mentions Parler:

We are starting with payment processing. And keep building. We took on big tech and it was us who made Parler the most downloaded app in the world. Unfortunately we did not control Parler. We took on big tech and the success we had was unprecedented. We are back and we continue to take on all entities that want to abridge your freedoms.

It is pretty easy to assume that the "freedoms" they want to protect here is freedom to be a right-wing racist Q-nut.

Re: Parallel Economy: Censor-Resistant Payment Processing

#22

Post by zeroclip »

This sounds like a scam.

If you really want censorship resistant payment processing you should not use some central custodial service extracting an obscene rent.

By comparison, Ethereum is highly censorship resistant and its fees are relatively low right now, about 30¢ to transfer ETH and have it settle in ~30 seconds[1].

[1] https://etherscan.io/gastracker

Re: Parallel Economy: Censor-Resistant Payment Processing

#24

Post by junaru »

coenhyde wrote: post #11

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.

Well if i understand correctly those are the people that got denied service in the first place. So since having a truly neutral payment processor is not an option having an alternative at the opposite side only brings more 'freedom' to the market.

Re: Parallel Economy: Censor-Resistant Payment Processing

#25

Post by jesusofnazarath »

egypturnash wrote: post #21
shakezula wrote: post #5

> 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.

Their about page ( https://www.paralleleconomy.com/about/ ) explicitly mentions Parler: We are starting with payment processing. And keep building. We took on big tech and it was us who made Parler the most downloaded app in the world. Unfortunately we did not control Parler. We took on big tech and the success we had was unprecedented. We are back and we continue to take on all entities that want to abridge your fre…

[dead]

Re: Parallel Economy: Censor-Resistant Payment Processing

#26

Post by the_optimist »

People here asking for disclosure: There’s no cryptographic assurance here, and you’re asking them to publicize their threat matrix. The threat matrix to individuals in typical corporate payment processor is guerilla and political. 1) groups like “Sleeping Giants” raising an unknowable mix of outrage pitchforks and bots, corporates foreclose and deplatform, 2) rules like “Op Chokepoint” wherein payment processors cut based on regulatory suasion from behind administrative veils. This group says they’re aware of these threats and will abide by the laws while at least not admitting guerrilla attacks.

Re: Parallel Economy: Censor-Resistant Payment Processing

#27

Post by the_optimist »

egypturnash wrote: post #21
shakezula wrote: post #5

> 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.

Their about page ( https://www.paralleleconomy.com/about/ ) explicitly mentions Parler: We are starting with payment processing. And keep building. We took on big tech and it was us who made Parler the most downloaded app in the world. Unfortunately we did not control Parler. We took on big tech and the success we had was unprecedented. We are back and we continue to take on all entities that want to abridge your fre…

I support and believe in the freedom to be a left-wing radical.

Re: Parallel Economy: Censor-Resistant Payment Processing

#28

Post by unmole »

coenhyde wrote: post #11

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.

> drunk uncle payment processor

I laughed out loud. I'm stealing this.

Re: Parallel Economy: Censor-Resistant Payment Processing

#29

Post by pessimizer »

catapart wrote: post #17
lottin wrote: post #9

"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.

What you editorialize as "fear-stoking," fearful people might characterize as "fear-recognizing."

Re: Parallel Economy: Censor-Resistant Payment Processing

#30

Post by pessimizer »

woodruffw wrote: post #14

This 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.

> there's no virtually no explanation of what makes it "censorship-resistant,"

As far as I can tell, what is meant to make them censorship-resistant is that they claim they will not drop customers based on pressure from censors. They're selling that resistance to censors as "censorship-resistance."

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