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OnlyFans to block sexually explicit videos starting in October

bloomberg.com

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Re: OnlyFans to block sexually explicit videos starting in October

#681

Post by [deleted] »

throwaway5752 wrote: post #328
taylodl wrote: post #257

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.

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…

[deleted]

Re: OnlyFans to block sexually explicit videos starting in October

#682

Post by AnthonyMouse »

mcdevilkiller wrote: post #666
actually_a_dog wrote: post #519

Earlier quoted context omitted.

> 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. Welcome to the "free(…

Yeah. But, supposedly, in a free market, if there's demand for it (a payment processor that accepts porn), there would be supply. Someone would come up with a company devoted to just that.

The problem isn't that you need an alternative to PayPal, you need an alternative to Visa and MasterCard.

That's a lot harder because they have more of a network effect. People have a Visa or MasterCard because it's widely accepted and it's widely accepted because a lot of people have one.

The solution to this is to make it easier for people to get or accept the alternative payment network. Only now you're into regulatory barriers.

The critical feature of PornCard is that you don't have to give your name, right? Except that they're specifically prohibited from offering that.

The regulatory cost of establishing a new card is effectively the same whether you have a hundred users or a billion, so high regulatory costs put a disproportionate disadvantage on small and upstart networks, which would then have to charge higher fees, which would then cause no one to accept them.

The regulations destroy competition and without competition you don't have a free market.

Re: OnlyFans to block sexually explicit videos starting in October

#683

Post by Sebb767 »

paulryanrogers wrote: post #485
maccolgan wrote: post #223

Earlier quoted context omitted.

For this use case, Patreon & OpenCollective (yes, OpenCollective) is far more established and offers many more features than OF. What's the point in using OF then?

Network effects. Start with taboo yet high demand market then pivot.

I'm not a market strategist, but I think you don't start to capitalize on the network effect by cutting away 95% of your network.

Re: OnlyFans to block sexually explicit videos starting in October

#684

Post by [deleted] »

paxys wrote: post #480
throwaway5752 wrote: post #328

Earlier quoted context omitted.

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…

A huge chunk of the planet is forced into jobs they don't like to provide for themselves and their families. What's so "dignifying" about a job getting humiliated by entitled customers in retail or waitressing for minimum wage or breaking your body doing hard manual labor? Religious morality is the only reason a much more safe, comfortable and lucrative option like OnlyFans is banned.

[deleted]

Re: OnlyFans to block sexually explicit videos starting in October

#685

Post by WC3w6pXxgGd »

saurik wrote: post #646
moonchrome wrote: post #340

Earlier quoted context omitted.

If crypto was actually a viable alternative they wouldn't be doing this. I'm not against the promises of crypto - but the tech so far has failed to deliver anything but a platform to streamline illegal activity, asset speculation bubbles and a whole bunch of wasted energy/hardware along with reliving the problems people had historically with bank fraud in free banking and the likes (banks printing their own notes wit…

So, here is the core problem: if you want to do this on mobile... how? You can't do the actual payment parts securely using just a web browser--if you think about it that kind of undermines the whole concept for a lot of people: you would need to host that website somewhere--and then crypto wallets that support dapps and payment processing tend to get banned by Apple, because they provide a way to bypass their cut fo…

Cash App, Coinbase, and hundreds of other apps enable crypto to be sent/received.

Re: OnlyFans to block sexually explicit videos starting in October

#686

Post by yalogin »

I actually thought it was a porn site just like the many other streaming video sites. If the founder had non-porn consumer app ambitions, why not just clone it and form another site? They are just giving until October for some other app to fill the void. I am sure pornhub or someone will jump in and take their money.

Re: OnlyFans to block sexually explicit videos starting in October

#687

Post by Sebb767 »

tmp_anon_22 wrote: post #330
yholio wrote: post #279

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…

> 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…

> If PH is having trouble processing any form of credit card, a smaller company will have no chance at all.

According to the article, they value themselves over 1 billion. That's not a small company in my books.

Re: OnlyFans to block sexually explicit videos starting in October

#688

Post by quickthrowman »

frutiger wrote: post #674
cryptonector wrote: post #512

Earlier quoted context omitted.

TFA: > OnlyFans is getting out of the pornography business. HN: s/of the pornography //

>TFA: >> OnlyFans is getting out of the pornography business. >HN: > s/of the pornography //. …is getting out business?

Patreon’s 2020 annual net revenue is estimated at $80M. Last year onlyfans did $375M net revenue and 2021 is…was projected at $1.2B

Without porn, onlyfans will do maybe $100M in 2022. It’s the difference between a $1.5B valuation and a $20B valuation.

Re: OnlyFans to block sexually explicit videos starting in October

#689

Post by xdrosenheim »

wonderwonder wrote: post #533
skrtskrt wrote: post #94

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.

I honestly did not know they did anything besides porn. They have a really bad marketing department as I bet most people only know of them via porn (or I run in a slightly more degenerate circle).

Is it really their own fault for not doing marketing? They were open to have porn on the platform, and then it just swarmed to them. People did the marketing for them.

Re: OnlyFans to block sexually explicit videos starting in October

#690

Post by [deleted] »

yellow_lead wrote: post #285
post_break wrote: post #144

This makes me think of Operation Choke Point. I understand payment processors need to limit fraud and risk, but at what point do they get to determine what a legal business does? I understand the mental gymnastics involved to think a private business gets to choose who they do business with, but when there are only a handful of businesses doing the processing what then? https://en.wikipedia.org/wiki/Operation_Choke_P…

A reason governments like monopolies - they centralize control. This applies to many industries: telecom, cellphones, social media, etc.

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