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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The most likely to succeed at the moment, IMHO, would be a standardization of the various local payment systems in Europe, and there is already some movement in that direction in a growing group of countries, but it probably needs a push from the EU itself, similarly to how GSM was pushed as a standard for mobile communications by European governments as a group and ended up dominating globally (which is also why, for a period and until smartphones became a thing, European mobile telephony companies were wildly successful).
I’m sorry for Americans who aren’t assholes (most here in Lemmy as far as I can tell) but the rest of the World does need to decouple from speed-running-to-Gilead America at all levels before it’s too late.
Crypto it is, then.
Yoid be starting in 1st position for all these transactions that just lost a market.
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have no idea why the chargebacks were such a massive deal to the processors.
They don’t have a lot of things to measure when attempting to address fraud, but that’s one of them.
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Guys hi, just looking for some support share, a Fantasy Adventure Story, for all ages and just some entertain with some storyes: https://www.youtube.com/watch?v=_mVIvQ1wsgg - maybe you are curious
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.
whats a payment processor? something like PayPal?
Visa and MasterCard
A middle man between a vendor and your bank, essentially.
oh, actually, there is a third option - very popular and widespread in Poland - BLIK - let’s hope that a) they won’t bend to the same bullshit b) they take the chance to go global.
BLIK is really nifty, you go to your banking app, generate a code, give the code to the website/seller, confirm in the app, and payment made.
and all you’ll have to say (obviously steortyping here) is that if BLIK does the same as Visa & Mastercard, the Witcher & Cyberpunk will have to be banned due to adult content, instant win and security of NSFW media forever
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Bitcoin is really bad for using as currency, due to the fact that there is a permanent, public ledger of all transactions. Why would you want anyone you pay to be able to see and trace every transaction you’ve ever made? Pay rent in bitcoin, now your landlord can calculate your spending and who you do transactions with. And yes, there are services that aggregate and obfuscate transactions in order to make them less traceable, but now you’ve just reinvented the same centralized payment processor system that the whole thing is supposed to be replacing… so… what’s the point?
Cash is good for using as currency.
Cash is good for using as currency.
But so insanely annoying to handle and carry with you.
That’s a bad argument. Visa, MasterCard, etc. know who you’re transacting with anyway. That is functionally equivalent to just paying from a Coinbase Bitcoin wallet. On the public ledger, it’ll only show a transaction from a Coinbase wallet. No one would know it’s you other than Coinbase and the porn provider
Woth crypto you could at least send it to your wallet, throw it through Tornado Cash, then put it in another wallet, making it extremely difficult to track
In general though, if the government wants to know who made a digital transaction, they’ll be able to find out. Doesn’t matter if you use a credit card or crypto
What makes Bitcoin bad as a currency is the slow, expensive transaction times
You can make intermediate wallets to obfuscate transfers, like throwaways, so the wallet that pays your rent is different from the one ordering a dragon dildo and it’s hard to say if it’s the same person, but it’s a hassle and you’ll get extra transaction fees.
It’s trivial to trace the funding of these “throwaways” to link them together… unless this entire system is supposed to just rely on using a standard bank account to fund them, which… circling back to “so what’s the point?” you could pay from that account directly to get the same benefits. Using bitcoin is completely redundant in that scenario
Obfuscation is not security.
Amazing username
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.
Just ban it worldwide and have the police arrest anyone running a node
oh wow, it’s that easy? we should do it with other things like piracy, human trafficking, tax evasion, insider trading, bribery, cyberattacks and environmental violations as well. oh wait, we did? it didn’t stop it? i’m shocked. /s
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.
It wasn’t my intention to come off as supporting it. I was simply giving the objective reasons for its creation. I see it as a tool that can be useful in some situations, but can be problematic in others.
“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?
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.
It does however look really bad that such a massive criminal organization (trump and co) are pushing for it so hard.
All of this before getting into just how insanely wasteful and terrible for the world that crypto is.
Sorry that it helps a few artists, but the cost for everyone else is significantly higher to embrace what crypto is.
Finite currencies (like gold/silver/bitcoin) are deflationary currencies and are genuinely absolutely terrible for an economy.
Myth. Deflation is just negative inflation, and that’s been fine.
It’s a fact.
Deflation is just negative inflation
Yep, that’s a major problem. The total pool of currency needs to be able to grow with the economy. Take a first year econ course before speaking
It’s a myth.
The total pool of currency needs to be able to grow with the economy.
Go on, back up that statement with references from your first year econ course notes.
Under your model, how was the economy able to grow before 1976?
Under your model, how was the economy able to grow before 1976?
Gold can be mined.
You can use a p2p service, like Lightning with onion routing.
So monero?
I’m cool with not trying the money that isn’t money but instead is an environmental disaster wrapped in explosive deflation.
Looks like Bitcoin does indeed suck, but Etherium and one called Avalanche(?) Are more environmentally friendly.
Oh cool. Minor environmental disasters wrapped in explosive deflation.
It takes one wind turbine to run all of Ethereum.
Deflation is not relevant for a transaction.
Deflation is not relevant for a transaction
What are you trying to say with this? Cause I’m stuck between the very literal and wildly confusing.
I will say, regardless of your further explanation, that deflation makes transactions less likely to happen, which is the whole point of a currency to begin with. Would you rather pay a debt to a friend off with dollars or a cryptocoin? Cause my money is that most people would say the dollars since the crypto could grow, whereas the dollar is always shrinking. A speculative asset is not something most people would give away like they would money.
If you are storing money in a certain currency then inflation is a problem.
If you owe money in a certain currency then deflation is a problem.
If you are quickly moving money from one currency to another then making an instant one off payment, the time span is too small for either inflation or deflation to have an impact.
The price of the service can be quoted as fixed in USD and adjusted in real time on the crypto side.
Cool. So why would I ever want that? Why would I willingly buy a crypto to pay for a transaction when doing so is always detrimental to me over the person who I am paying? I’ll spend more than the amount of debt I have (thanks to various fees) in order to give the person I’m buying from an asset that’s more likely to gain value than lose. Instead of a dollar, a thing made to do the actual job of a currency that everyone already has and accepts.
VISA and MasterCard get to build the digital dollar so they don’t care how any of it is manipulated so long as their position as middlemen is secure.
If this really does drive people to crypto then I hope it goes to monero or a fork of it. Try blocking or tracking transactions then.
I’ll pass on the tree burning coins
Probably simpler than all that, at least in the US. The Puritans get something like so passed. Fine. Now who in their right mind is going to stand up and say STOP. Imagine the political smear campaign. And it will all be “for the children”.
Tupã bless Brazil’s pix.
At least I can still buy porn from local furry artists.
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.
Lol, that’s not a thing. The infrastructure required is too kuch, and most banks are conservative.
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.
It’s not “capitalist”, it’s capitalist. This is what capitalism does.
Capitalism isn’t the fix, banks are in cahoots with visa/mastercard and they will absolutely shut down any competition.
fuck it, crypto.
Who said anything about banks? Republicans are all in on crypto. let’s play this game.
so hear me out.
there’s an entire continent of payment processors out there that are not American.
just use one of those.
problem solved for a few years.
JCB - Japan only
I’m not American and even I only know Visa and Mastercard. I know there used to be Maestro, but that was also owned by Mastercard. So what else is there that works globally?
https://thefinrate.com/top-payment-processing-companies-in-the-eu/
https://fintechmagazine.com/top10/top-10-payment-processors
some are based in US, but there should be at least 10 from those two lists.
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.
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.
This is why some of us love crypto currencies so much despite the hate it gets from so many who claim there is no intrinsic value, it’s a scam, etc.
Stay away from shit coins, no doubt, but the intrinsic value is that you can side step all of the bullshit and spend your money as you choose. No need to get permission first. It’s pricing to be a much better path forward, and payment processor inserting their own rules will only drive more acceptance of alternative payment methods.
I mean this is a false dichotomy. You can have a payment system that isn’t a shit show like crypto or a duopoly like Visa and Mastercard.
what even is the point of this cyberpunk dystopia if there won’t even be good porn to wank to?
That’s my thought exactly. Boring dystopia indeed.
Time for Europe to get its own payment processor and stop being dependent on companies from Gilead.
Gilead? The Pharma company??
Hoover? The vacuum guy?
Sex art is art
I’m curious what the banned users commented
I’m not a cryptobro but these things make me want to hodl on some
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Easy. Agree on the price in a more stable currency, and pay the equivalent in crypto when the work is done.
Or what happens when governments ban crypo exchanges?
I think the real answer is for us (the electorate) to start electing officials who aren’t puritanical twats. Way way harder to do tough.
Is this a serious question? Crypto is inherently decentralised and anonymous, from the base technology of the blockchain. The existence of crypto exchanges is directly opposed to its entire thesis as a digital currency, and only exist because people now treat it like a speculative asset and not like money.
Yes it’s decentralized and very hard to stop to parties from making a crypto transaction. But what about cases where you need to convert your crypto to say euros because the person/business you need to pay doesn’t accept crypto? Don’t you need an exchange for that?
How easy/ widely accepted is it to pay for things using crypto (gas, rent, mortgage etc.)?
The point I was trying to make is that if paying for stuff in crypto isn’t ubiquitous, it’s far less practical as a form of currency.
