3 ms·

Ok wow that's a bit hardcore, I don't think you need to actually deposit money or become a bank. Call it AdPoints, you can buy 1000 AdPoints for $10. Then you

by mpeg 11y ago

Ok wow that's a bit hardcore, I don't think you need to actually deposit money or become a bank. Call it AdPoints, you can buy 1000 AdPoints for $10. Then you spend these points in websites you enjoy. Add an API so they can be used as a virtual currency for goodwill (I liked this guy's post / comments, so I'll upvote him with my points) in those same third party sites. Get a couple big publishers on board and it could become a pretty good deal. You handle point purchase and deliver payouts to your publisher partners, add a reporting function to the API so they can overlay the revenue of adblock users vs non-adblock.

clarkmoody 11y ago
If you're operating in a regulated regime as a legitimate company, then the state will want to ensure that users aren't laundering money through your service. Scenario: 1) Criminal outfit buys 100M AdPoints with dirty money 2) "Trusted parties" setup blogs and YouTube channels and has them get setup with the "publisher partners" 3) Criminal outfit "tips" innocuous quantities of money for cat videos and blog posts about gardening made by the "trusted parties" 4) "Trusted parties" cash out squeaky clean money > deliver payouts to your publisher partners Each partner would have to do the KYC/AML work for each content creator, but if they don't do it for donation sources, then you have the potential money laundering channel so the State will get involved.
- mpeg 11y ago
  Well realistically you would just do your due diligence in each new partner site. Also it would be painfully inefficient to launder money like this, keep in mind you wouldn't even let people buy large quantities. In a real world scenario, you wouldn't even allow new partner sites to sign up online, instead you'd contact most of them via direct sales and vice versa. I'm thinking about the NYTs and Yahoos of the world, not cat blogs. I see your point, but this is more like buying world of warcraft currency than it is a bank.

by mpeg 11y ago

clarkmoody 11y ago

If you're operating in a regulated regime as a legitimate company, then the state will want to ensure that users aren't laundering money through your service. Scenario: 1) Criminal outfit buys 100M AdPoints with dirty money 2) "Trusted parties" setup blogs and YouTube channels and has them get setup with the "publisher partners" 3) Criminal outfit "tips" innocuous quantities of money for cat videos and blog posts about gardening made by the "trusted parties" 4) "Trusted parties" cash out squeaky clean money > deliver payouts to your publisher partners Each partner would have to do the KYC/AML work for each content creator, but if they don't do it for donation sources, then you have the potential money laundering channel so the State will get involved.

mpeg 11y ago
Well realistically you would just do your due diligence in each new partner site. Also it would be painfully inefficient to launder money like this, keep in mind you wouldn't even let people buy large quantities. In a real world scenario, you wouldn't even allow new partner sites to sign up online, instead you'd contact most of them via direct sales and vice versa. I'm thinking about the NYTs and Yahoos of the world, not cat blogs. I see your point, but this is more like buying world of warcraft currency than it is a bank.