i’ll say it, who wants to go co-founder on a new startup idea?
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OnlyFans to block sexually explicit videos starting in October
491–500 of 1001 posts
Re: OnlyFans to block sexually explicit videos starting in October
#492Wow, you spend years thinking crypto is convoluted nonsense…and then something comes along that impacts a lot of your friends, and you start to change your mind. I have a fair number† of friends and acquaintances who have OnlyFans. Some for side income, some for a substantial portion of their livelihood. And to see that get taken away because the payment processors want them to fall in line…I guess I’m on the crypto…
A number of my friends and loved ones will be affected by this, and many more have been thrown under the payment processing bus before. And forgive me if this seems ranty, but it isn’t just payment processors, it seems to permeate so much that comes out of the USA. See the various App Store rules too. And this isn’t about fraud rates. Because why are the fraud rates high? It’s because the sex whole industry is pushed…
I’m afraid this one’s more about illegal content and KYC than fraud. Sorry.
Re: OnlyFans to block sexually explicit videos starting in October
#493Sadly 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.
With all due respect, the fact that anyone is forced into porn to get housing be safe from abusive partners is the indictment of a society. 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 so…
> If someone washes dishes for a living 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.
Re: OnlyFans to block sexually explicit videos starting in October
#494mounting pressure from banking partners and payment providers HN is often sceptical about use cases for crypto beyond speculation. This looks like one.
What is stopping MasterCard and Visa from banning Coinbase and others if this happens
They can't ban everything, since at the extremis you could buy crypto from eBay sellers.
But in the long run you are right: to avoid MasterCard and Visa we should move everything to crypto. It is the only way to control our own destiny.
Re: OnlyFans to block sexually explicit videos starting in October
#495Sadly 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.
With all due respect, the fact that anyone is forced into porn to get housing be safe from abusive partners is the indictment of a society. 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 so…
Women, especially attractive women always had this option, historically it was just usually done through marriage.
Arguably one can claim that marrying upwards isn’t always bad and quite often they are loved and cared for but in the end this is nothing new.
Re: OnlyFans to block sexually explicit videos starting in October
#496Earlier quoted context omitted.
I'm still surprised nobody tried to bridge the two .. it seems like the most obvious of shark fad business move
I assume because as soon as you become the "place where people get crypto for adult content" then the same issues that OF is running into now become your issues as well. Unless people are getting paid directly in crypto, they are purchasing it from somewhere, and wherever that entry point is will have this problem.
Yes, already now buying cryptos is ridiculously difficult. Any reputable operator requires KYC, which is a similar process to opening a bank account including submitting a photo ID. That's a pretty good deterrent for the random Joe against signing up on a porn site even if it's all legal.
While cryptos in of themselves are decentralized and inherently unregulatable, people forget that the interface with the real financial world is very much vulnerable.
Re: OnlyFans to block sexually explicit videos starting in October
#497Earlier quoted context omitted.
Why should payment processors force them to. They will make less money
Some years ago I interviewed with a company that served as a payment risk processor for high-risk businesses (in short, porn). The chargeback rate on online porn is huge . As a result, where a traditional payment processor may be 1.3–3.5% depending on the business and the assessed risk, for a high-risk business, the rate can be much much higher. While Onlyfans keeps 20%, I'm guessing that they'd be badly hurt if they…
Unsure as to whether booting porn will enable any other recruitment of more other providers. OF is synonymous with young girls (over 18 but still young) selling nude picture for everybody under certain age. That is what everybody is thinking when it is mentioned. If you tell somebody under 30 you have OF subscription and bookmarked site yes, but only for watching gardening video, people will think you are joking.
Re: OnlyFans to block sexually explicit videos starting in October
#498Earlier quoted context omitted.
> Yes, the payment processors will bark at the porn site. Move to a more expensive processor for that site only, pay 5%, 10% fee, it doesn't really matter, it's free money. 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 ca…
My understanding is that this industry has way higher than average chargeback/fraud rates, which is really what discourages payment processors/banks from wanting to support them.
Look into "Operation Choke Point". It was an Obama era DOJ program to control payment processors in order to block things they didn't like.
Re: OnlyFans to block sexually explicit videos starting in October
#499So, serious question because I know very little about OnlyFans other than the general knowledge flowing around the internet: What does this leave of the site? Because my impression was certainly that this was the purpose of the site.
I assume they will end up like Tumblr after it went Safe for Work. Still around but nowhere near as popular and a shell of its former self.
Maybe I’m out of the loop, but at least Tumblr had recognized non-porn uses.
If someone linked me their OnlyFans, I would assume it’s porn.
How do they seriously expect people to use it when the brand is porn?
Re: OnlyFans to block sexually explicit videos starting in October
#500What an absolute shame. Not particularly because I use OF, but because they feel the need to do this, due to public pressure, pressure from banks, etc. When are we going to stop moral policing (literally via power of the state and figuratively) consensual adult activities?