Creative Title
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Let's make a community run payment processor then. We'll valiantly process porn payments.
Having worked in the payment industry, there is a lot of work to be done.
Even if you use the EMV standard, which almost all of the payment processor are based on, the challenge is to interface with the banks and making sure that every cards and terminals follow your standard.
And that's if you can convince banks to even accept you payment standard in the first place.
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so... what's the point?
The point isn't anonymity, but independence and autonomy. It's hard to shut down and hard to tax. The banks/governments can't freeze your bitcoins, nor can they simply print more or regulate the value otherwise.
The banks/governments can't freeze your bitcoins, nor can they simply print more or regulate the value otherwise.
You're just listing reasons why bitcoin sucks lol. Oh no!!! Flight risk criminals and terrorists had their accounts frozen!!! Oh no, ReGuLaTiOn BaD!!! Grow up.
Finite currencies (like gold/silver/bitcoin) are deflationary currencies and are genuinely absolutely terrible for an economy. That's why we don't use gold anymore.
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Capitalism is actually the fix for this one for once. Just be the only payment processor that lets you buy anything legal. Demand for your services guarantees your success and the others die out.
Let’s see if republicans still like capitalism now.
Ah, and here is where the commenter learns that “capitalist” competitors have legislated their opponents out of business, bought them out, or colluded with them.
Oh, and it’s not just payment processors.
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I know some of those, but they don't count.
Most of those are still just going to use Visa and Mastercard underneath to process payments by card... Since those are mostly all Visa or Mastercard. There are exceptions but those are regional.
There are a lot of "payment processors" but only 2 major card companies and that's an issue.
I remember I was able to set up PayPal with direct bank account info. It’s not the most common scenario, and as long as they support Visa they’d be a target.
If one of those companies decided to dedicate their company to free speech, they might go bank transactions only, and cut out the cards. Admittedly, there’s probably dozens of other hurdles I’m not even aware of there.
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Mastercard? No sorry, we only take WokeCoin
️MasterbationCard
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Not really a meme meme, but i felt like i had to :s
Meanwhile the Pirelli calendar from 1984 ...
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I remember I was able to set up PayPal with direct bank account info. It’s not the most common scenario, and as long as they support Visa they’d be a target.
If one of those companies decided to dedicate their company to free speech, they might go bank transactions only, and cut out the cards. Admittedly, there’s probably dozens of other hurdles I’m not even aware of there.
Yeah, but then you give PayPal a whole bunch of control over your bank account. IIRC they can just withdraw whenever they want?
With card payments, there's chargebacks for fraudulent transfers or if a vendor refuses a refund on fraudulent grounds. Those are just not a thing for bank transfers, at least not where I come from.
Personally, most of the time I make a payment, it's a bank transfer (they're instant most of the time anyway between SEPA accounts and under 10k per transfer or whatever). But there are many benefits of a card payment. Others include: Collecting points (on credit cards in some countries, or something like a Revolut card on any plan other than the free one), purchase insurance, etc.
People are always going to want to make card payments. We need better alternatives in the card company space, and standards to make sure every vendor can accept payments from every card type.
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MasterbationCard
That spelling normally infuriates me, but in service of the pun, we're going to have to allow it.
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It's legal until someone challenges it in court and they say it isn't. Sue.
Absolutely. I suspect the courts will find that if you are picky about what you allow, then you are responsible for it. It might force a push back to safe harbor type situations absolving them of caring about processing porn.
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Not really a meme meme, but i felt like i had to :s
So, why doesn't some other payment processor step in to fill in the demand gap that the others are willfully abdicating?
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So, why doesn't some other payment processor step in to fill in the demand gap that the others are willfully abdicating?
wrote last edited by [email protected]the economic moat of regulations and infrastructure that has to be overcome before you even can start acquiring customers. You would need a massive capital outlay just to start in last position to compete. Then you have to pay your sydadmins and sales and help desk and administration for how long before you have enough customers to break even? all on a gamble that the government won't hamstring you on behalf of their corporate sponsors. and who is to say the rest of the financial world won't cut you off; you can't process payments if you can't access users banks, it's all cooperative between entities that benefit from it being a small club.
all of this risk to capture the relatively small nsfw market looks like a bad gamble to me, even though i strongly support the nsfw market myself! I spent decades in e-commerce and nsfw ecommerce and it's trickier than it might look.
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It's not even conservative any more. It's regressive.
Always has been
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Not really a meme meme, but i felt like i had to :s
I was worried that this could make bitcoin seem useful but other people in here are explaining why bitcoin would still be an awful solution for this.
So... are we going back to cash and checks? Will people need to mail envelopes of cash to furry vore artists?
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It's not even conservative any more. It's regressive.
These conservatives are old, so they are trying to "conserve" ideals that were out of touch in their own time
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the economic moat of regulations and infrastructure that has to be overcome before you even can start acquiring customers. You would need a massive capital outlay just to start in last position to compete. Then you have to pay your sydadmins and sales and help desk and administration for how long before you have enough customers to break even? all on a gamble that the government won't hamstring you on behalf of their corporate sponsors. and who is to say the rest of the financial world won't cut you off; you can't process payments if you can't access users banks, it's all cooperative between entities that benefit from it being a small club.
all of this risk to capture the relatively small nsfw market looks like a bad gamble to me, even though i strongly support the nsfw market myself! I spent decades in e-commerce and nsfw ecommerce and it's trickier than it might look.
Crypto it is, then.
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The banks/governments can't freeze your bitcoins, nor can they simply print more or regulate the value otherwise.
You're just listing reasons why bitcoin sucks lol. Oh no!!! Flight risk criminals and terrorists had their accounts frozen!!! Oh no, ReGuLaTiOn BaD!!! Grow up.
Finite currencies (like gold/silver/bitcoin) are deflationary currencies and are genuinely absolutely terrible for an economy. That's why we don't use gold anymore.
"Flight risk criminals and terrorists had their accounts frozen!!!"
Yes, those criminals, for example, LGBT people who conservatives believe are pornographic simply for existing. God forbid LGBT artists want to have a way of earning a living. Crypto is relied on by a lot of marginalized groups. It's used by artists who make perfectly legal art, but whose content conservatives object to. Crypto is used by many queer content creators as they face being cut off from payment processing systems, as again, conservatives consider queer people pornographic simply for existing. Crypto is used by sex workers, often people with few other employment options. Oh, and crypto is used by trans people to get access to healthcare that is quickly being criminalized.
How insane do you have to be, in 2025 Trump's America, to fall back on the idea that anything criminal is bad. Republicans are trying to criminalize the existence of entire swathes of the population. And those people face being cut off from the banking system entirely, if folks like you, who blindly consider legality=morality, have their way.
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"Flight risk criminals and terrorists had their accounts frozen!!!"
Yes, those criminals, for example, LGBT people who conservatives believe are pornographic simply for existing. God forbid LGBT artists want to have a way of earning a living. Crypto is relied on by a lot of marginalized groups. It's used by artists who make perfectly legal art, but whose content conservatives object to. Crypto is used by many queer content creators as they face being cut off from payment processing systems, as again, conservatives consider queer people pornographic simply for existing. Crypto is used by sex workers, often people with few other employment options. Oh, and crypto is used by trans people to get access to healthcare that is quickly being criminalized.
How insane do you have to be, in 2025 Trump's America, to fall back on the idea that anything criminal is bad. Republicans are trying to criminalize the existence of entire swathes of the population. And those people face being cut off from the banking system entirely, if folks like you, who blindly consider legality=morality, have their way.
Ah yes, that's why the Trump administration is one of the biggest proponents of crypto, right??
did you even try? -
I was worried that this could make bitcoin seem useful but other people in here are explaining why bitcoin would still be an awful solution for this.
So... are we going back to cash and checks? Will people need to mail envelopes of cash to furry vore artists?
wrote last edited by [email protected]Bitcoin wouldn't be an awful solution to this, but there's certainly a few better ones, such as
- Visa and MC just being the opinionless payment providers they ought to be.
- Regulation enforcing all payment providers to be similarly opinionless.
- Ethereum, or another crypto more suited to many, fast payments
- A layer-2 network over Bitcoin that can enable many fast payments, such as the lightning network.
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Not really a meme meme, but i felt like i had to :s
Speed running the porn companies making their own payment processor
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Ah yes, that's why the Trump administration is one of the biggest proponents of crypto, right??
did you even try?How are those related? It is possible for some conservatives to want to purge LGBT voices from the internet at the same time other conservatives want to advance crypto. These are not mutually exclusive goals.
