Can I download the videos for the class I signed up for and actually watch them when I have no cell signal yet? No? Cool. Cool. Banning porn was important too I guess.
wtf
(no, I’m not asking to be able to export content. I’m talking about using their paperweight of an app)
It’s probably not payment processors as such that care, but rather countries. Payment processors are just a convenient lever. Payment processors are vulnerable to national pressure, and random commercial website is vulnerable to pressure from payment processors.
Payment processors do care, but not for the reasons people seem to assume. NSFW purchases have disproportionately high rates of buyer remorse and charge reversals, which understandably make them much less desirable for anyone to deal with.
Prudishness may also play a part, but the chargeback rate is a major factor.
I wonder how often Visa and Mastercard had to deal with those problems up to the early 2000s, with nearly every porn site being paid access and none of them accepting Paypal, as far as I remember.
The industry found another way through a company called CCBill, that essentially became the adult industry’s preferred payment gateway. They took a lot of the heat off the unsavoriness of it.
Gumroad, an e-commerce company for creators, updated its rules to more strictly limit NSFW content, citing restrictions from payment processors like Stripe and PayPal.
Is it? The ATMs have been all over the place for half a decade at this point.
As for fees it cost me 3 cents to send a $50 Litecoin transaction a few days ago. If I did that with Bitcoin it would have cost me $8 in transaction fees so you’re right there.
Now days there’s a coin for every purpose.
Bitcoin = gold bars
Litecoin = mundane transactions
Monero = digital cash
Crypto has been around for 15 years already. Time flys.
Also, “crypto works as a functional currency, which can be demonstrated by how you need to sell it for cash in order actually buy anything with it” isn’t the argument you think it is.
I didn’t “sell it for cash” I paid my VPS hosting bills with it. It’s simple for business to accept crypto these days, couple clicks and they’re set up.
If your business is making NSFW art than you better be willing to adapt.
Yeah, but name a single big box retailer that takes a cryptocurrency at the point of sale? You can’t because none do. Having to find an ATM to be able to complete a transaction isn’t scalable. And for retailers, seconds count at the PoS. So if it takes any significant time at all to process a transaction, they’re not going to do it. Further, they’re not going to eat the kind of fees that crypto brings along with it. Same reason a lot of retailers don’t take AmEx, for example. The transaction fees are outrageous. So as a retailer you either eat it, which most won’t, or you pass the cost on to the customer, and alienate your customers.
Until you can walk into a McDonalds or a Walmart and swipe or tap something at their payment terminal to pay with your cryptocoin, it’s not going to be viable. And I’m not talking about exchanging it for cash, and then paying. I’m talking about the retailer actually accepting the coin.
As a currency, crypto has utterly failed. It’s nothing but a speculator market, and an extremely dirty and volatile one at that.
And rightfully so. They’ve demonstrated their lack of worth as an actual medium of trade, and have wasted an alarming amount of electricity, while pumping an unconscionable amount of carbon into the atmosphere for jack-fucking-shit.
Ethereum, the number-two cryptocurrency, has been using proof-of-stake consensus since 2022. As a result it no longer uses significant amounts of electricity. Bitcoin's still stuck with proof-of-work, but if you want to mock cryptocurrency as a whole you need to update your talking points.
Currently it's handling about 140 TPS. The Dencun upgrade to Ethereum that just went live a couple of days ago adds a new feature, data blobs, that lets this go significantly higher at reduced cost.
Crypto would be great if the idea wasn’t “zero-trust money exchange”. That is the root of the problems with high payment fees, super slow transaction throughput and excessive resource (storage space, energy) consumption
But that feature is the whole point. The alternative is Paypal et al, which this very article points out the problem with.
Also, those problems are being addressed by the more modern cryptocurrencies. Bitcoin has fallen far behind the technical curve, I wouldn't bother with it frankly.
Which crypto is the easiest to actually use (send/receive), can handle 1k transactions per second (a bit under 5% of VISA’s TPS) and is least likely to suffer wild price fluctuation? Honest question
I'm not a frequent user myself so I'm probably not the best to answer on the usability front, but for the combination of high TPS and low price volatility I'd probably recommend using one of Ethereum's stabletokens (DAI, USDT, etc.) on one of its layer-2 networks (such as Arbitrum or Optimism). Stabletokens are cryptocurrencies whose value has been tied to some external measure, in most cases the US Dollar, so they're ideal for use in commerce.
Hey I can pay you in turnips, it’s better than having a normal money operation. Like, it doesn’t matter that gumroad is turning to crap, we have turnips. People mock my turnips
Just earlier today i saw this phrase about cryptocurrency: “price discovery for bitcoin happens on an exchange that admitted a few months ago to being a criminal conspiracy”. Yeah, there’s HUGE problems with central banks, but by this point it should be very clear that a wild west casino full of scammers will not save us from that, it doesn’t matter what were the initial ideals of people about crypto, it’s main function now and for many years since it’s beginnings has been scamming real money out of people.
I wouldn't recommend using Bitcoin specifically for an e-commerce site like this, both because of its volatility and its high transaction fees. A stabletoken like DAI or USDT is more specifically designed for this use case.
No, you misunderstand the point of a stabletoken. They are designed to have a fixed value, usually tied to the US dollar. Is the US dollar a "casino chip"? That's what these sites usually price things in to begin with.
We mock crypto because anyone who has it wants to hoard it as an “investment”. Nobody wants to use it as a currency.
I tried for years, buying and selling goods with crypto. I never purchased any crypto, I just earned it. I tried to talk others into the same. You need to spend to have value… they just laugh and day hold your bags tight with diamond hands.
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