Submitted 2 years ago by hedge@beehaw.org to technology@beehaw.org
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.
No NSFW art, but nazi comics are still allowed 🤔
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)
Oh, it says Gumroad. I thought it said…
Well this is going to be a problem, since they’re also getting chased off Patreon.
🤖 I’m a bot that provides automatic summaries for articles:
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. For creators who sell adult art, like explicit comic books or lewd cosplay photos, these sudden policy changes can be detrimental, resulting in an unforeseen loss of income. “This is obviously far from the first site that is bending to the pressure of payment processors, and it will not be the last, but this is the first time my content (which is primarily academic and educational) seems to be threatened.” When creators have to port over their followers to a new platform, or direct fans to a different web shop to buy their products, the friction can result in a loss of income. People who appear in porn on OnlyFans must verify their identity through both legal documents and biometric scans, and they must sign a form confirming that all models consented to be recorded. “I am trying to plan next steps, but Gumroad was an ideal, free storefront for e-books and instructional videos like I sell, and all other sorts of digital content. — Saved 69% of original text.
FaceDeer@fedia.io 2 years ago
And people continue to mock cryptocurrencies.
nix@merv.news 2 years ago
They’re still pretty bad at being currency. Transaction fees are still too high and it’s still pretty slow and/or complicated
kate@lemmy.uhhoh.com 2 years ago
Fees are high in Bitcoin but there are other options that are low fees/faster (still too complex for most people imo
swearengen@sopuli.xyz 2 years ago
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.
Kichae@lemmy.ca 2 years ago
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.
FaceDeer@fedia.io 2 years ago
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.
belated_frog_pants@beehaw.org 2 years ago
Crypto currency is gambling like nfts or anything else. It only has value as a hot potato.
swearengen@sopuli.xyz 2 years ago
What potato stays hot for 15 years?
jarfil@beehaw.org 2 years ago
As opposed to Real currency, which has a perfectly stable and scientifically defined value fully backed by… credit.
KingThrillgore@lemmy.ml 2 years ago
Yes, because they are jokes
westyvw@lemm.ee 2 years ago
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.
Yeah, it’s never going to work.
The_Che_Banana@beehaw.org 2 years ago
and will continue until there is security (state backing) in the exchanges.
And that will only happen when the politicians get thier kickback.
jherazob@beehaw.org 2 years ago
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.
FaceDeer@fedia.io 2 years ago
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.
ICastFist@programming.dev 2 years ago
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
FaceDeer@fedia.io 2 years ago
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.
saigot@lemmy.ca 2 years ago
If I commission a piece of art, and they refuse to deliver what is my recourse?
If an honest artist is issuing a refund, and adds an extra 0 what is their recourse?
FaceDeer@fedia.io 2 years ago
There are distributed marketplace applications that can handle those matters in various ways. You'd need to be specific about which one you're using.
MayonnaiseArch@beehaw.org 2 years ago
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