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PayPal stops payouts to models on Pornhub

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Re: PayPal stops payouts to models on Pornhub

#381

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What's the percentage of porn-related shadiness is because our society and business culture forces that? It seems similar to drug prohibitions etc. I haven't had to deal with a shady drug dealer in years now that weed is legal. Maybe if vice-clauses and the like weren't so ubiquitous we'd see more upright actors in the field.

Historically, you see more prostitution in uptight eras (Victorian, etc) where "good girls don't." More recently, research suggests that rates of sexual assault go down when porn is readily available. It's a controversial thing that a lot of people don't want to hear at least in part because it directly contradicts a lot of feminist narrative that rape is about power, not desire.

Also, research is showing sex in general decreasing. Interesting if porn causes humans to stop reproducing just enough to go extinct.

Re: PayPal stops payouts to models on Pornhub

#382

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Bitcoin isn't criticized for this being an invalid use case, because it's totally valid. It's criticized because it's useless for this use case, people involved in this scene in practice don't care about it to any serious degree beyond it being a talking point, and because anything for legally working around financial deplatforming still needs strong interfacing with the rest of the system as well as compliance with…

Or you could not go through any of the steps of making a payments platform and just accept BTC.

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Re: PayPal stops payouts to models on Pornhub

#383
post #7

A chilling effect on free speech. Real alternatives to paypal and credit cards need to enter the market. It sadly looks like my favorite hope is still not ready, but I am hopeful that this is due to slow and careful development that will lead to a stable long term outcome. https://taler.net/en/faq.html

There's almost no reason payment couldn't be handled with a reputable, totally decentralized stablecoin like Dai. The solutions exist, but they need to be socialized and streamlined. EDIT: Would love some reasoning around downvotes.

The only crypto that will ever matter is one fully endorsed by banks.

At the end of the day you can't spend cryptocurrencies. When Walmart accepts a cryptocurrency then maybe people will consider actually using it. Paying people in some weird unheard of stable coin doesn't help anyone if it can't be easily converted into real currency that people use and accept.

Re: PayPal stops payouts to models on Pornhub

#384

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I've had several friends in the adult industry have their checking accounts closed at a several major banks as well. Traditional banking should definitely not be discriminating against fully legal activities.

Can anyone explain how this even happens? Who could possibly threaten a bank over handling financial transactions for sex workers? And what could they possibly threaten the bank with? Even if it's some big business like Chick-fil-A... Presumably they only bank with one bank, and presumably the porn and sex work industry has more money at that bank than Chick-fil-A. How's this actually work? It's not making sense to m…

> Who could possibly threaten a bank over handling financial transactions for sex workers?

The government. They do it right out in the open.

> And what could they possibly threaten the bank with?

Shutting down the bank.

Re: PayPal stops payouts to models on Pornhub

#385

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Are you a sex worker?

I’m being down voted, but sex workers are some times deprived of bank services because of their jobs. Literally told to take their banking else where. How does using crypto help? Does it’s use suddenly make you immune from banks finding out your source of income? https://www.sbs.com.au/news/banks-accused-of-slut-shaming-fo...

The answer is that crypto transactions are censored much less frequently then PayPal transactions.

That's why it helps. PayPal censorship is much more common than crypto censorship.

> Does it’s use suddenly make you immune from banks finding out your source of income?

No, it doesn't make you immune. Being 100% immune to anything at all is literally impossible. But it seems like it makes it less likely.

Re: PayPal stops payouts to models on Pornhub

#386
post #369

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Talk to tobacco about being deplatformed. Tobacco companies have banking, but fewer places sell cigarettes or allow smoking. It’s not discrimination —- neither cam girls or tobacco farmers are a protected class. Payment processing isn’t a right.

The point is that payment processing very well should be a right in this age.

So you want to compel me, against my will, to do business with you, with the full force of government. I would take a more libertarian view and say I don’t want to work with tobacco/guns/cannabis/pornography and I think it’s a bad idea for the government to make me.

Re: PayPal stops payouts to models on Pornhub

#387

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I think part of it is a bootstrapping problem. Bitcoin solved an interesting technical problem, so people started using it. Once people started getting interested, companies popped up to sell it, but notably there was a base of users prior to that. By contrast, the barrier to entry for a new system denominated in USD is much higher. People can't really start using it until there's a company around to support it, and…

Bitcoin (and all other cryptocoins) are just not usable for mass transactions. Buying anything with bitcoin takes over 10 minutes, often times over an hour for shops that are paranoid and require 3+ confirmations. During the peak bubble time, I remember buying something with bitcoin taking 2 hours!! This technical problem has not been solved and the "lightning network" just turns exchanges like Coinbase into a bank o…

That does not sound correct on the lightning network. I cannot find any reason it would allow someone to run off with your funds. Can you explain the attack?

Re: PayPal stops payouts to models on Pornhub

#388
I'm surprised paypal ever worked with pornhub because they have always been skitish about pornography. More than a decade ago I was given a Girls Gone Wild dvd and sold it on ebay only to find out that paypal didn't allow my buyer to pay for pornography. (The seller just used paypal to directly send me money that wasn't tied to ebay so it worked out in the end)

Re: PayPal stops payouts to models on Pornhub

#389

Earlier quoted context omitted.

I think part of it is a bootstrapping problem. Bitcoin solved an interesting technical problem, so people started using it. Once people started getting interested, companies popped up to sell it, but notably there was a base of users prior to that. By contrast, the barrier to entry for a new system denominated in USD is much higher. People can't really start using it until there's a company around to support it, and…

Bitcoin (and all other cryptocoins) are just not usable for mass transactions. Buying anything with bitcoin takes over 10 minutes, often times over an hour for shops that are paranoid and require 3+ confirmations. During the peak bubble time, I remember buying something with bitcoin taking 2 hours!! This technical problem has not been solved and the "lightning network" just turns exchanges like Coinbase into a bank o…

Thanks for writing this. It's the first time I've understood a "lightning won't solve scaling problems" argument. If you need a payment processor to process your payments, then you might as well use a payment processor in an existing fiat currency... It's a fair point.

Re: PayPal stops payouts to models on Pornhub

#390

Earlier quoted context omitted.

What if they deplatform coinbase due to AML risk... Or some other reason?

Coinbase isn't currently being deplatformed, though. That is a hypothetical situation which seems to me like it would be pretty unlikely. Banks aren't talking about deplatforming coinbase, for whatever reason, therefore it is useful. The whole "what if the government/banks banned Bitcoin!?" Is a pretty silly hypothetical, to me, because if you look at what these groups are actually doing, you will see that they aren'…

I get your point that it isn't currently deemed at risk of being deplatformed - but while there are some differences, Bitfinex are having difficulties with finding people willing to bank with them. So there is precedence there.
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