| ▲ | OutOfHere 2 days ago |
| Cryptocurrencies are sufficiently diverse and popular in this day and age that this should be a non-issue at this time. So many sites accept them already. I even advise using Monero to fully shield the user. |
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| ▲ | arghwhat 2 days ago | parent | next [-] |
| Diverse, yes - but I wouldn't call it popular as a means of making regular financial transaction. I would certainly only use it as last resort. Too slow, too cumbersome, most of the benefits being overstated or misunderstood. Even in this case, while you certainly can't block the transaction from going through, the site still needs a payment provider to manage transactions which someone might pressure into not working with adult sites. The alternative is writing their own payment solution entirely to avoid having to work with anyone, but that's an entirely different rat's nest with regulatory complications. |
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| ▲ | OutOfHere 2 days ago | parent [-] | | If you don't want to do it, you will find a million ways and excuses to not do it. Those who want or need it will find a way, and such ways have existed for over a decade. | | |
| ▲ | arghwhat 2 days ago | parent [-] | | Existing for over a decade is not a stamp of quality, usefulness or convenience, but it is true that it is available, and people are free to use it should they want. It does not solve the issue discussed here though, as being able to get a money in a intermediate currency from A to B would only be handle a small part of payment processing and operating a business, and does not solve that you're dealing with groups that use any means available to put you out of business due to finding your business immoral according to their beliefs. |
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| ▲ | SkyeCA 2 days ago | parent | prev | next [-] |
| They're still miserable from a UX perspective and for those of us in KYC countries? It can be very burdensome to verify ourselves and actually exchange real money for them. Buying litecoin and sending it to someone else was a huge pain in my butt to put it mildly. |
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| ▲ | OutOfHere 2 days ago | parent [-] | | It is burdensome to verify, but once you're past that hurdle, it's absolutely smooth sailing. I don't know which sites or apps you used, but the ones I know of all have an excellent UI. | | |
| ▲ | SkyeCA 2 days ago | parent [-] | | The website and app UIs for these services weren't my problem, it's the overall UX and KYC is part of that. I don't want to go over all the issues I had, but to put it simply some were the fault of the service (I had major issues verifying and then reverifying) and some were due to the bank I use and their restrictions. |
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| ▲ | armchairhacker 2 days ago | parent | prev | next [-] |
| Furries making their own 00s-themed site website for chat/art/games powered by crypto would be the greatest thing. Small bonus if the website is open-source and provides data dumps, big bonus if it’s federated. It would alleviate censorship concerns. It sounds practical, my understanding is that furries are statistically much more tech-savvy and willing to spend money and effort. Copyright and CSAM are issues that must be addressed, but hopefully small enough to be manageable, since it’s primarily furries (not realistic, not in aggressively copyrighted pop culture). And it seems like something many people would like, at least the nostalgic people in online spaces like HN. If it gets popular enough to extend to other niches I would join and help fund. |
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| ▲ | wombat-man 2 days ago | parent | prev [-] |
| At some point they'd probably want to convert back to fiat and that's the trick. Coinbase or whichever company will probably follow suit. |
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| ▲ | hx8 2 days ago | parent | next [-] | | I think payment processors blocking Coinbase would open them up to large legal liabilities. | | |
| ▲ | Tadpole9181 18 hours ago | parent [-] | | Like payment processors threatening the largest game platform on the planet for decades would, right? There are no legal protections, it needs to be fixed at the government level with payment neutrality policies. Steam has hundreds of millions of users and couldn't fight it. Itch had to go nuclear and kill every single NSFW game ever put on their platform, likely affecting millions. | | |
| ▲ | hx8 11 hours ago | parent [-] | | 1. Blocking coinbase would be anti-compeitive behavior which are totally different laws. 2. Valve is not publicly traded so we cannot do a detailed comparison, but all indications show Playstation is a larger gaming platform than Steam. Steam is not "the largest game platform on the planet". 3. Yeah I agree that strong legal regulations for the payment processing industry would be good. I think a public electronic payment processing system would be better, and wide adoption of a crypto-currency based solution would be the best. My trust in governments and central banks to handle monetary policy is very low. My trust in private for-profit companies to handle payment processing is even lower. It's one thing to do well over a few decades, and another thing to do well over a several centuries and real economies operate on a very long timescale. 4. It's disappointing that we treat NSFW as such a taboo. |
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| ▲ | windward 2 days ago | parent | prev [-] | | It just needs the economic value of supporting this trade to outweigh the value they assign to control and influence. | | |
| ▲ | arghwhat 2 days ago | parent [-] | | Which we can conclude from the current situation is not the case. | | |
| ▲ | windward 2 days ago | parent [-] | | The word 'needs' indicates a present necessity. | | |
| ▲ | arghwhat 2 days ago | parent [-] | | The present behavior of payment providers show a present lack of economic value to overcome the pressure against supporting these businesses, meaning the present necessity is not met. |
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