Isn't there somebody you forgot to ask?
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Why not GNU Taler?
Does not work around the necessity to get all major retail banks or the central bank on board, as they outline in their FAQ.
There's no magic bullet, if you want to act as a payment processor you only have a handful of options:
- Do a bank wire (but it's not pre-authorized so you're just providing a deposit account for your customers, like PayPal)
- Use Visa/MC (which PayPal falls back to if you have no money in your deposit account)
- Use regional payment processors where they exist (e.g. Bancontact/iDEAL in the Benelux, which Stripe conveniently abstracts for the retailers; however most countries don't have such a widespread alternative to American payment processors)
- Use physical cash
- Agree on a protocol to pre-authorize transfers on behalf of your customer with all banks your customers are likely to be using (in the EU you can do that with SEPA mandates, which PayPal does support as well)
In practice the EU is doing that last thing with Wero (which already has partnered with all major retail banks in Benelux+France+Germany) and Brazil successfully did the same with Pix. It's not that the technical part is particularly hard, it's that convincing the banking sector to adhere to and commercially promote a new standard is a long, expensive, arduous process that requires strong political connections.
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That's the whole thing. Crypto was supposed to be a currency system by using a block chain as a ledger.
Ethereum is kind of what crypto was thought up to be. A semi stable coin, that serves as decentralized currency.
In some ways it's brilliant; no institution that can watch what you buy, limit you or take their cut. But then again, it's rife with illegal transactions and some really impactful theoretical attacks, especially against the ledger. It's a blessing and a curse.
I don't think ETH was ever expected to be stable. Vitalik Buterin already had a good reputation and the pre-sale (ICO) was well-publicized. They expected ETH to be the liquidity for decentralized stable coins.
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Its really odd, cause you'd think they'd just want to make money no matter where it comes from.
the only thing worth more than money to these kinds of people is making other people suffer.
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The time is now if you're looking to start your own payment system
This is the actual stated goal of Bitcoin. And this is an actual use for it. But that ship sailed a very long time ago.
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No oligopoly is when several companies control the market. Monopoly is when a single company controls the market.
Shouldn't have jerked off all zoom class bud.
if you're going to be all "uhm, aktchually" you might want to make sure you get the terms right:
when it's 2 companies, it's called a duopoly.
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I think they're working on bringing a lot of it back and stuff, but ya know :3
Last I checked you couldn't search for anything with the "nsfw" tag
Not gonna lie their tag system sucks eggs, no way to exclude tags when searching on their site/app, I thought the site was nothing but horror when I first got into it.
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What does Jesus need with my credit card information?
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An action group of Karens who in the past have succeed in getting other games (one of them an rpg rape simulator) taken off of game stores.
This recent story they convinced payment processors to pressure steam into removing most of their adult games as well as some other site that I guess has even more adult games.
IMO if a platform decides they don't want to host adult content, that is their prerogative. The people conflating this to "art destruction" or "censorship" are just another flavour of people who misunderstand what free speech is and isn't.
It's called "extortion." The X makes it sound sexy.
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An action group of Karens who in the past have succeed in getting other games (one of them an rpg rape simulator) taken off of game stores.
This recent story they convinced payment processors to pressure steam into removing most of their adult games as well as some other site that I guess has even more adult games.
IMO if a platform decides they don't want to host adult content, that is their prerogative. The people conflating this to "art destruction" or "censorship" are just another flavour of people who misunderstand what free speech is and isn't.
Sounds like they need to get laid.
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Free market baby. If VISA decides it will lose money processing payments for hentai games it's their prerogative to not process them.
I'd wager you have crypto wallet if you the kind of person who cares about hentai games. Go support the developer directly if it matters so much.
Hentai games are not going to make the 98% of people who don't play them care about Payment Oligopolies, which is the closet thing to moral cause here.
Nothing wrong with hentai but getting worked up over it is a red flag.
Why is it a red flag if there's nothing wrong with it?
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What does Jesus need with my credit card information?
jim you dont ask the Almighty for his security numbers
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Couldn't people just by steam cards with cash, load load it to their accounts and then make their porn purchases? What's to stop other retailers from selling gift cards that can be purchased with cash to use on the pornographic stuff being sold? Edit: I just learned this issue stems from the major CC companies refusing to let companies like steam use their platform to process payments if they kept NSFW games up. My question still stands, what's keeping steam or the player base from telling these companies to f-off and switch to a cash based gift card method?
Gift cards only function because of payment processors basically.
If visa and MasterCard decide they won't support steam means you also can't buy steam gift cards with your debit card suddenly it requires cash.
Stores will get pressured to no longer stock those giftcard or also lose visa/MasterCard support. This has been threatened before and has caused gift cards to be removed from major grocery stores in the us in the past.
You CANT avoid this even swapping to crypto has the same problem. At some point you HAVE to deal with the payment processors.
Even just getting your crypto back out into cash can quickly become problematic for a business.
We the people have options and ways around it sure, but businesses really don't.
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It already does deliver on that promise, crypto is used extensively online for drug orders. You may think that's bad, but it shows how well it works for secure and restriction less transactions.
wrote last edited by [email protected]Crypto is great for peer 2 peer money transfers. But when you have a legal big business you end up still having to deal with the big payment processors to do anything of substance with that crypto.
So for illegal and underground stuff it's great.
For big businesses that need to stay above board and legal. It becomes a dead end.
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Americans are being puritanical, and US payment companies are making steam and other game platforms remove nsfw content or they'll block their payment services from them or something.
And somehow they decided it's better to make this an issue for everyone, not just the people who use those payment services
It's Australia not America that's doing this.
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You can look at the list :3 this is from itch talking about collective shout. A lot of them are US based, the last one is japanese
The entire movement and group that's pushing this is the Australian branches of these companies and Australian groups partitioning the companies.
So this is entirely Australias fault.
International companies are international.
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Its really odd, cause you'd think they'd just want to make money no matter where it comes from.
They control virtually every transaction everywhere for mostly everyone, aside from local payment solutions. They already make more than enough. As illustrated here; they ask for some bullshit, and everyone involved caves in, no matter what.
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I have made children illegal, this problem will self-correct within 18 years
18 years and 9 month.
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The time is now if you're looking to start your own payment system
You got Monero for starters.
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See, I'm no fan of Bitcoin. It's pure speculation and hardly serves a purpose while burning down a rainforest for every transaction. Also the ledger makes things traceable, so it's also a worse concept than cash.
This, however, is a good example of why the concept exists. We need a financial tool outside of the control of banks.
(Yada yada Ethereum and proof of stake.)
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Remember how they found comstock?
