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As I understand it, that's less about morality and more about fraud risk.
by Karunamon 10y ago
As I understand it, that's less about morality and more about fraud risk.
- conductr 10y agoFor porn yes, for MJ it's about federal laws and banks wanting to obey them
- woodman 10y agoAnd the federal laws are a result of the morally driven prohibition movement. They aren't founded on well reasoned logic, just the desire to control others.
- conductr 10y agoThat becomes pretty circular and more political/philosophical than this conversation needs to be. From a business perspective, online porn is high fraud which makes CC's a difficult thing to underwrite and MJ banking in general is risky because banks need to stay under the government's good graces. This is the business environment regardless of your moral opinion
- woodman 10y agoI disagree, pointing to risk management as the root cause makes it circular. I certainly don't expect private enterprise to right the state's wrongs, but I don't think it hurts the conversation to point out the true root cause. It has been my experience that HN welcomes a little more thought beyond the utilitarian argument of what makes the trains run on time.