221–230 of 372 posts
Silly me, thinking the real scandal is that our daughters are forced to sell nudes to survive.
Are they being forced to sell something, or a conscious choice?
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It's more subtle than that. There's a reason I mentioned advertisers :). The group I posit is the majority are the people who: - Will want to hide their sexual services related habits from others, including their spouses (who may also do the same!). Those are the people who cause chargeback risks for sex businesses, making the latter undesirable for payment processors that are optimizing for majority use case. This i…
> economical incentive gradient looks ... you're forgetting the biggest economical incentive gradient - people who are actually throwing money at Only Fans, and will immediately throw their money at a competitor if one should open. It's almost like you've forgotten that people already pay money for porn online everyday.
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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.
Agreed, but why do they move in lockstep? Is it a conspiracy among elite banks (or whatever other businesses)? Or is it a rational response to their political vulnerability? Or something else?
The Traci Lords case is a good illustration of this. One day everything is order, the next somebody realizes she used a fake ID and bam, everybody involved is suddenly manufacturing/profiting off/in possession of child pornography. Add in the massively lowered bar for OnlyFans/PornHub, where anybody with a phone can now DIY, and it's a legal minefield.
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A payment processor is useless without the possibility to pay with a credit card. And that means you depend on Visa, Mastercard and Amex.
I think we should have some sort of internet money that can be used to transact without any central authority.
So do I have to be THAT guy? Fine. Crypto solves this issue...
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This is the dirty little secret that everyone clutching their pearls over the OnlyFans 'scandal' won't talk about. There are plenty of providers who will deal with porn, but porn customers are shit customers who no one wants -- the fraud and chargeback rate is incredibly high so the cost of processing payments is equally high. The advantage that crypto brings to porn payments is not the pretend anonymity, it is that…
OnlyFans claimed it was the banks, not the payment processors, who were the problem. Specifically, BNY Mellon, acting in an intermediary role between OnlyFans' banks and creators' banks, allegedly blocked all payouts to creators.
The problem is.. it is not exactly standardized as each bank does their own thing thanks to BSA rules.
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 answer to regulation gone wild is not more regulation, it is to remove regulatory power. You can’t dig your way out of a hole.
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If that were true they wouldnt be investing in Facebook.
> If that were true they wouldnt be investing in Facebook. It's easier to stir up outrage against porn—sexual prudishness has a long history—than against Facebook—the ability so globally to overshare, and the (inevitably delayed) realization of its consequences, is only in the very beginning of forming.
So do I have to be THAT guy? Fine. Crypto solves this issue...
Crypto will have to overcome these hurdles first:
- Slower and more difficult to use (especially compared to saved CC auto-complete)
- No rebills (the biggest problem)
- No credit
- No payment protection