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PayPal stops payouts to models on Pornhub

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Re: PayPal stops payouts to models on Pornhub

#511

Post by netsharc »

dessant wrote: post #444
netsharc wrote: post #364

Earlier quoted context omitted.

> I have discovered the service shortly before posting, > it's an awesome way to quickly start accepting cryptocurrencies. So do you regularly endorse things you just shortly discovered?

As you've noted, I've shared my first impressions about the service, and I don't think there's anything wrong with that. Please make sure to follow discussion guidelines, and try to refrain from personal attacks.

I don't see where I personally attacked you. I just asked you a question.

Re: PayPal stops payouts to models on Pornhub

#512

Post by mikekchar »

topmonk wrote: post #464
mikekchar wrote: post #389

Earlier quoted context omitted.

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.

You've been misled... Edit: Here is an example of a lightning network enabled wallet that works as a lightning node itself. No payment processor needed: https://lightning-wallet.com

I'm not sure how this helps. Clearly I can always run my own lightning node, but the person I'm paying has to accept the off network payment from me. That's fine for some kinds of transactions (like my employer paying my salary). But how am I supposed to convince a retailer to accept my off network payment? Similarly, if I want some random person to send me money, how do I convince them to run a lightning node and to let me connect to it? I mean, we can't even set up VOIP connections without a middleman these days because of firewall issues.

I think there is a fair amount of logistics to work out here. I may be wrong, and that would be great, but at the moment I'm not quite seeing how this is going to work in practice.

Re: PayPal stops payouts to models on Pornhub

#513

Post by Bombthecat »

bcheung wrote: post #247
aazaa wrote: post #135

Financial deplatforming is a monster, long-term trend to watch over the next decades. Deplatforming happens with sex workers. It also happens in the US marijuana industry. It happens with perfectly legal political content. The number of ways in which someone, somewhere will be offended by products or services for sale is growing, driven by a rapidly improving worldwide communication network and delivery system, and b…

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.

Forbidden in germany. There is literally a law, which basically says: everyone needs to have and is allowed to have a banking account.

Re: PayPal stops payouts to models on Pornhub

#514

Post by dorgo »

Geee wrote: post #469
codexon wrote: post #436

Earlier quoted context omitted.

A lot of merchants ask for 3+ confirmations, and sometimes 1 confirmation can even take 20 minutes. Paypal and credit cards take seconds. And $20 for a wire transfer pales in comparison to the fees people charge for converting bitcoin to cash https://localbitcoins.com/ Yes transferring large sums of money internationally is useful, but it is a niche, and bitcoin doesn't even do it that cheaply.

Bitcoin transactions are instant. You get the 0-conf transaction instantly and are able to buy stuff. The 30 minutes for 3 confirmations are basically the 'chargeback' time, which is about 2 weeks with credit cards. In day-to-day business, people usually trust 0-conf transactions, or are able to handle the chargeback.

How does a 0-conf transaction work? I mean, without confirmations the transaction is not on the blockchain. It basically doesn't exist. Is it just a promise that I will pay a bitcoin in the future?

Re: PayPal stops payouts to models on Pornhub

#515

Post by jhrmnn »

Bombthecat wrote: post #513
bcheung wrote: post #247

Earlier quoted context omitted.

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.

Forbidden in germany. There is literally a law, which basically says: everyone needs to have and is allowed to have a banking account.

I think it is en EU-wide regulation.

https://ec.europa.eu/info/business-economy-euro/banking-and-...

Re: PayPal stops payouts to models on Pornhub

#516

Post by octocop »

aazaa wrote: post #135

Financial deplatforming is a monster, long-term trend to watch over the next decades. Deplatforming happens with sex workers. It also happens in the US marijuana industry. It happens with perfectly legal political content. The number of ways in which someone, somewhere will be offended by products or services for sale is growing, driven by a rapidly improving worldwide communication network and delivery system, and b…

I totally agree with you and I also believe money(currency) should exist in it's own layer, beyond the control of corporations and governments.

Re: PayPal stops payouts to models on Pornhub

#517

Post by noobermin »

Bombthecat wrote: post #513
bcheung wrote: post #247

Earlier quoted context omitted.

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.

Forbidden in germany. There is literally a law, which basically says: everyone needs to have and is allowed to have a banking account.

Which further highlights how many "problems" that tech people in the US have tried to solve (transit->uber, various health care start-ups, etc) are essentially due to the failure of the US state to function properly or even focus on the right thing.

Re: PayPal stops payouts to models on Pornhub

#518

Post by dahart »

mjevans wrote: 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

> A chilling effect on free speech.

It will have a chilling effect on Pornhub for sure, but porn and commerce speech are already both separately and specifically quite limited in their free speech protections in the U.S. https://en.m.wikipedia.org/wiki/United_States_free_speech_ex... Put them together and it might be difficult to demonstrate that there was much expectation of free speech in this case in the first place.

Re: PayPal stops payouts to models on Pornhub

#519

Post by kyledrake »

mikekchar wrote: post #512
topmonk wrote: post #464

Earlier quoted context omitted.

You've been misled... Edit: Here is an example of a lightning network enabled wallet that works as a lightning node itself. No payment processor needed: https://lightning-wallet.com

I'm not sure how this helps. Clearly I can always run my own lightning node, but the person I'm paying has to accept the off network payment from me. That's fine for some kinds of transactions (like my employer paying my salary). But how am I supposed to convince a retailer to accept my off network payment? Similarly, if I want some random person to send me money, how do I convince them to run a lightning node and to…

It won't work, it's already done. There used to be support from major companies like Dell, and "core" blew all that support on a convoluted, over-engineered nightmare while choking the main network. The momentum is gone and it's never coming back.

I'll be deeply surprised if lightning is ever used at the retail level by more than a couple shady internet casinos and John Galt themed vape stores.

Re: PayPal stops payouts to models on Pornhub

#520

Post by weinzierl »

Bombthecat wrote: post #513
bcheung wrote: post #247

Earlier quoted context omitted.

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.

Forbidden in germany. There is literally a law, which basically says: everyone needs to have and is allowed to have a banking account.

This is true and from what I understand it is available to any EU citizen. The technical term is "Jedermann-Konto" which means "account for everyone". The German Wikipedia article has a lot to say about this topic[1] but unfortunately I didn't find any information in English on it.

[1] https://de.wikipedia.org/wiki/Jedermann-Konto

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