701–710 of 1001 posts
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Oh god I can’t believe I’m going to say this. Crypto/Bitcoin, in keeping with the relationship the Internet and adult content have. Congrats Coinbase, Venmo, and others enabling censorship resistant crypto payments on your revenue bump.
But most coins are public ledger. And the "know your customer" exchanges are not allowing privacy protecting coins.
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…
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.
> This is going to be corporate suicide on a greater scale than Tumblr's policy. 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 (especiall…
1. Onlyfans is extremely well know to the point of being a meme, you couldn't be more wrong. Like what rock would you have to be hiding under to not have heard of OF?
2. Exactly what about Patreon seems ripe for disruption? Looking for something specific here, hopefully something that wouldn't apply to most every other company.
3. ??? But only-fans literally became a billion-dollar unicorn on the back of porn. Like, I'm speechless, really, I am.
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…
It also puts crypto in an interesting new light: circumventing sovereign governments and regulations was always a fool's errand in my opinion. But circumventing private payment providers that have decided to do extralegal morality-policing... that's a much more realistic and interesting thing to aim for.
The circumvention you mention is incidental, not primary. "Something better" was the, admittedly lofty, goal. And if not purely "something better" then at least "an alternative".
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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.
Though whether that's a convenient excuse for prudishness or not, we'll never know (because you can't collect data on chargebacks if you don't allow any sex sites to make charges in the first place). Banks are notoriously risk-averse. This is a disruption waiting to happen for the first person who can crack handling sex-worker credit card payments despite the banks.
Except in 2008 when they were idiotic. I felt the need to point out that one specific data point among the trend that otherwise agrees with you.
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…
The fact that OnlyFans isn't even trying to move to crypto to keep their business alive is a stunning indictment of the state of crypto as a viable payment method.
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> 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.
BTW, the theory of the "free market" also predicts that there should be no long term economic profit, ever, provided that perfect competition exists.
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> 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.
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…
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…
They're private companies, they have the freedom to do what they like, and "you" are free to start your own payment processor.
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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…
China allows online porn and their citizens have no trouble with Chinese payment processors accepting purchases for porn.