551–560 of 1001 posts
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Even if OF could accept crypto, they'd still need an off-ramp back into fiat. They can't operate only on crypto, even just stablecoins, which is itself the indictment of crypto.
There's plenty of services for that - e.g. Coinbase has an enterprise one for that use case.
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…
Probably impossible as someone mentioned it might be due to FOSTA-SESTA which is intended to curb online sex work, which is arguably what onlyfans currently enabled right now. They probably determined it's too risky to continue.
OTOH OnlyFans could have complied, and the requirements are not impossible, though harsh.
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I had a friend who ran a “sexually explicit” site you’ve heard of. He was paying north of 25% to payment processors (compare to less than .2% restaurants pay…though his margins were much bigger). The payment processors take this attitude because that way they can tell congress they are “doing something about vice”, and in exchange not be subject to undesired regulations. I suspect this kind of soft pressure is being…
Seems like a business opportunity for someone to build a Stripe for vice businesses. Question I know nothing about is besides being stigmatized, do these industries have higher fraud rates? Pretty sure credit card companies won't let you "chargeback" stripe clubs as fraud even if it wasn't you.
Edit: update numbers to be correct
Wow, 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…
I worked at a webcam pornography company (as a software engineer) a few years ago and honestly, I get it from the processors perspective. I wasn't privy to all the conversations, but I know at the time, some higher ups were toying around with the idea of basically building an entire in house payment processor to handle transactions. I think a lot of people think the processors are doing this out of some moral high gr…
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=...
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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…
It doesn't have to be "porn". People are making huge bank with content you could post on Instagram without fear of being banned.
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Why should there be? It seems absurd to MANDATE anyone participate in the sex trade. There are payment processors who specialize in adult content.
You know how US Dollars say “This note is legal tender for all debts” on them? It seems to absurd to allow companies with an oligopoly on most of the transfer of those notes to pick and choose what sectors are appropriate for citizens to interact with financially.
If I owe you $5, you have to accept my $5 bill as legal tender
But if I want to buy something from your store that doesn't mean you have to accept my $5 bill - that's not a debt
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> 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…
Porn sites still exist and they accept credit card payments all the time. The major credit networks do not censor them. Then, it's simply a question of the fee structure.
What they don't like is hard-core amateur stuff. Its hard to verify the models there. You see titles like "I brought my tinder date home and rode him/her hard" in a video title and you start to wonder if this person consented to being in a paid film, or if they are of legal age. My guess is onlyfans will ban anything involving two or more people. It will become instagram with tits and parasocial relationships.
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> Reddit seems to have resisted whatever calls it must be getting to eliminate porn Not entirely. They purged all NSFW subreddits from the r/all and r/popular meta subreddits. They also go on a purging binge whenever a remotely taboo subreddit makes the news.
What "remotely taboo" subreddits were banned after making the news? The ones I recall weren't "remotely", they were "extremely". As in, sexual images of children, pictures taken of women without their knowledge, legitimate hate subreddits, ones dedicated to spreading misinformation re: COVID, etc.
All of the porn subreddits that still exist banned domains that serve "unverified" content. The amateur porn scene has been leveled, most of which was legitimate content. Also a lot less user submitted content simply because the hassle of verification and also you have to formally identify yourself at one point. Claims of Reddit hosting illegal content is hugely overblown.
This is going to be corporate suicide on a greater scale than Tumblr's policy. I say greater because OnlyFans is/was still on a massive upswing whereas Tumblr was 10 years past its peak already when the nails went in the coffin. Edit: I understand this is supposedly not their choice.
Strong disagree. They lined their coffers and now it's time to pivot. In fact, it's probably the perfect time to pivot. They are still relatively unknown, and their reputation hasn't been tarnished. Patreon is ripe for disruption.
Pornography is not how you become a billion-dollar unicorn, which is I'm sure what they're eyeing (especially after their most recent raise).