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It sure sounds like this was forced on them by their payment processors, not that this was a voluntary move. https://twitter.com/danprimack/status/1428420774449266691?s=...
The fact that OF is not all in on crypto payments is a massive indictment of crypto as a payment mechanism.
Earlier quoted context omitted.
The fact that OF is not all in on crypto payments is a massive indictment of crypto as a payment mechanism.
Or that crypto is only 12 years old which is really fucking young for a currency.
mounting pressure from banking partners and payment providers HN is often sceptical about use cases for crypto beyond speculation. This looks like one.
HN often touts that crypto is either a Ponzi/MLM scheme or has as its only use criminal activity. If you make basic payment processing for services criminal, then, by definition, cryptocurrency's primary use case is for criminal activity.
Earlier quoted context omitted.
Oh god I can’t believe I’m going to say this. Crypto/Bitcoin, in keeping with the relationship the Internet and adult content have. Congrats Coinbase, Venmo, and others enabling censorship resistant crypto payments on your revenue bump.
Coinbase, Venmo, and others are not enabling censorship resistant crypto payments. Coinbase does track who and where you send your crypto to, so in theory they can control what you do with it. The workaround would be to send your crypto to wallets not associated with them, even still.
Earlier quoted context omitted.
The fact that OF is not all in on crypto payments is a massive indictment of crypto as a payment mechanism.
Or that crypto is only 12 years old which is really fucking young for a currency.
Earlier quoted context omitted.
The fact that OF is not all in on crypto payments is a massive indictment of crypto as a payment mechanism.
Or that crypto is only 12 years old which is really fucking young for a currency.
Whose daughter at the payment processor was doing onlyfans that got them all riled up?
Sadly I know girls who are using OnlyFans to keep a roof over their heads and stay out of abusive relationships. Whether we like what they're doing to make money OnlyFans was providing them a much-needed revenue stream. Now that's being taken away from them by the morality police who won't be affected by the consequences of their own decisions.
I get that it's a de facto situation for some, but let's not drop the onus on "morality police", payment processors, and OnlyFans for a massive societal failure to help vulnerable people. You could take that argument as far as you want (prostitution, drug sales, etc). There is some level of dignity that everyone's entitled to. If someone does OF by choice because they love it, good for them. If someone is compelled to in order to feed their kids or leave an abusive partner, then we should all be ashamed of that.
I can understand the business reasons for cleaning up the OnlyFans brand. But I can't, for the life of me, understand why they are killing a cash cow instead of spining it off into a side business. Clone the full experience on a dedicated site, OnlyFantasy.com, duplicate the whole userbase, and give a simple warning that I can find my favorite stars on another site. In time, the user bases will diverge naturally depe…
If PH is having trouble processing any form of credit card, a smaller company will have no chance at all. We're seeing a sterilization of legitimate porn on the internet, done by legitimate tax paying western companies. It'll be left to whoever can operate beyond those constraints, which is kind of a sad state of affairs for free speech, separation of church and state, and policing in general.