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> In fact, you can make your own payments platform denominated in USD and that's as useful as BTC for legal activities. So why go through the extra steps? Good
by tuesdayrain 7y ago
> In fact, you can make your own payments platform denominated in USD and that's as useful as BTC for legal activities. So why go through the extra steps?
Good call. These pornstars should just create their own payment platform instead of going through all the hassle of using BTC.
- epicureanideal 7y agoWouldn't that still require some kind of cooperation from banks or credit card companies? If someone knows a way that doesn't require cooperation from these, that would be great. (I suppose one way would be to set up some sort of "western union" where you could deposit cash and someone at the "bank" would change the number in your account balance accordingly... But maybe there are regulations about this?)
- lisper 7y ago> Wouldn't that still require some kind of cooperation from banks or credit card companies? Yes. The net practical effect of anti-money-laundering laws is that you cannot transfer money at scale without the government's permission.
- tuesdayrain 7y agoI was joking. Suggesting that pornstars create their own payment platforms instead of using BTC is the single worst suggestion I've ever read on here. I'm dumbfounded that someone could seriously think that. The money transmitter license alone would cost over a million dollars.