181–190 of 234 posts
There's one root cause for most, if not all of the things mentioned about Patreon in this post: Jack Conte took VC money. Neophilia is a progressive and incurable disease of venture capital. VCs aren't looking to build sustainable, profitable businesses. They are looking to buy entire market segments for later enshittification. Your job as a founder of a company asking for VC money is to construct a parallel state ar…
Earlier quoted context omitted.
if you stay in crypto fees are small the port to fiat is the problem someone somewhere will need to change USDC / USDT (eek) to fiat either all visitors of the platform or the platform forms those relationships this is the weakness of crypto enthusiasts’ arguments. they live in the world where crypto won and you can buy goods within their ecosystem. this is simply not true… yet? i’m actually a fan of crypto, but thes…
CEX fees tend to be very low, much lower than payment processor fees that most Patreon users are paying right now. Coinbase and Kraken have no USDC withdrawal fees with ACH in the US, and nominal bank fees in many other countries. There is no fee exchanging USDC to USD on Coinbase, and Kraken’s trading fees are something like 0.26%.
i’ve personally never had a problem with them or circle but my transaction volume is low. the normie can’t and won’t figure out the metamask to coinbase to fait part.
it’s painful for those deep in crypto let alone the average patron supporter
stop painting a rosy picture of shitty crypto ux
Earlier quoted context omitted.
How do smaller creators manage payments in the adult space? I thought it was impossible.
PayPal. All the risque stuff is behind the paywall. Home page of the website gives no indication of what's within.
There's one root cause for most, if not all of the things mentioned about Patreon in this post: Jack Conte took VC money. Neophilia is a progressive and incurable disease of venture capital. VCs aren't looking to build sustainable, profitable businesses. They are looking to buy entire market segments for later enshittification. Your job as a founder of a company asking for VC money is to construct a parallel state ar…
Earlier quoted context omitted.
If it's a gift, does that mean it goes towards your yearly gift tax limit?
You can always give it a shot. Doubt they're going to audit your gifts unless they're in the multiple thousands and even so you have a logical case.
(Federal) gift tax isn't really a thing except for the exceedingly wealthy. Idk about all states
Earlier quoted context omitted.
When Patreon is structured as “For $5/month you get X, for $10/month you get Y, for $15/month you get Z” can you really argue it’s a gift? It’s very transactional.
I'm not sure how representative my personal data point is, but I don't really pay attention to the perks. I pick a tier based on how much money I want to send their way.
There's a lot of talk about tipping, consumers, etc. Being a Patron (which is what Patreon was trying to do) traditionally meant supporting someone, no matter what their output. If your tortured genius put out one work a year, so be it. If they popped out Sunflowers then even better! There doesn't have to be any quid pro quo at all. It's what we now call Basic Income financed by someone's surplus. Don't overthink it.…
When Patreon is structured as “For $5/month you get X, for $10/month you get Y, for $15/month you get Z” can you really argue it’s a gift? It’s very transactional.
I think it's cute that he thinks someone could build and maintain well all the things he wants for less than 5% in commission and also not pass along processing fees, on what he admits is a micropayment processor. That said, I don't understand the motivation for Patreon's decision to stop bundling payments, unless they're being forced to by issuing banks or payment processors for some reason. EDIT: Thinking about it…
> I don't understand the motivation for Patreon's decision to stop bundling payments The way I understand it, the motivation is that they're losing money on bundled microtransactions until customers cross some monthly threshold (let's say that's the $14.29 mentioned in the article). So let's say a customer has a $1 monthly subscription to Creator A, and another $1 subscription to Creator B, adding up to a bundled $2…
This is what is being questioned. I've spent several years working in merchant processing, and I've never heard of a billing structured offered by a processor in which it would be advantageous to split charges up. No one understands why Patreon would be losing money by bundling. It could be something with anti-fraud or anti-carding, but I'd have to chew on that a bit more.
Earlier quoted context omitted.
The real answer is that the original core proposition of Patreon was a fairly [b]boring[/b] business. It's a payment processor alongside a smaller hosting business. For most consumers of their platform it's not something they need or intend to interact with that often. Unfortunately Patreon saw itself as primarily a tech-company able drive interactions via its own platform and capture more value from creators[ ]. The…
Just a little HN editing tip: if you put a backslash before the star like this: '[\*]', it won't disappear and turn the following paragraphs to italics.[*] [*] Footnote.
Do the majority of creators want anonymity? I don't think so. They can set up a company and hide behind it if they do. Being an anonymous platform invites tax evasion and money laundering. Do you really want to deal with that?
Why would I open up an API so that competitors can swoop in? What benefit that would provide to me? No one will use API over UI.
The author clearly wants a donation platform that caters to a very niche group of users. I would guess there are less than 100 people in the world who want it (and do not need it)