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I imagine OnlyFans can survive and thrive by switching their payment methods away from credit cards to fully private Monero or even create their own token. Also

I imagine OnlyFans can survive and thrive by switching their payment methods away from credit cards to fully private Monero or even create their own token. Also by moving their servers to a jurisdiction less oppressive than the Democratic Republic of America.

paulgb 5y ago
> Also by moving their servers to a jurisdiction less oppressive than the Democratic Republic of America. It's a UK-based company.
dogma1138 5y ago
You still need to convert between a token and money, until you can use your Coinlyfans to buy food at your local grocer and pay rent it doesn’t actually help. Current cryptos are too slow to process and have too many onboarding steps many of which are also quite slow and require more involved from the customer which increases drop outs. You can’t buy crypto with a credit card easily, even on the big exchanges and you have to go through a KYC process and then use debit or bank transfer usually. Also Onlyfans is a British startup I’m not even sure it’s hosted in the US.
- marderfarker2 5y ago
  It takes the same amount of effort and KYCs to sign up at a crypto exchange and sign up for a credit card.
  - dogma1138 5y ago
    Most people already have a credit card or a bank card. Also at least in the UK I can open a bank account with a utility bill to get a crypto account on any major exchange I need to upload a photo ID usually a passport as well as a proof of address. Then I need to make a bank transfer and even then the account is still usually limited till some arbitrary time frame has passed or number of transactions have occurred. Transferring crypto is still much slower than using a card. Get the address / scan the QR code, log into your exchange, do the transfer and then wait until X number of confirmation has passed which can take 20-30 or even more minutes. This is antithetical to an impulse buy which quite likely how most of the people that pay for Onlyfans and other porn sites get hooked in the first place.
- juggleup7 5y ago
  Current options include distributed exchanges or purchase mainstream cryptos at a convenience shop, etc. Also kyc exchanges work to serve merely as gateway to a private wallet and true anonymous coins. Work in progress on more convenient options. And of course buyer beware - if you ask the state to be a nanny you get a nanny state. OnlyFans is private cryptos' killer feature. It's actually MasterCard that's putting itself out of business.
  - dogma1138 5y ago
    Onlyfans is quite likely fueled by impulse buys if it takes more than 10 seconds to pay many people would reconsider. If it takes a trip to some shady convenient store at 2am to put your debit card into some shady looking ATM and then transfer it into a wallet manually no one is going to do that. Onlyfans is really not a private cryptos anything. It’s $6b per year, the yearly purchase rate of Mastercards network is about $1.5 trillion. It is not going put MasterCard out of business just like PornHub didn’t.

paulgb 5y ago

> Also by moving their servers to a jurisdiction less oppressive than the Democratic Republic of America. It's a UK-based company.

dogma1138 5y ago

You still need to convert between a token and money, until you can use your Coinlyfans to buy food at your local grocer and pay rent it doesn’t actually help. Current cryptos are too slow to process and have too many onboarding steps many of which are also quite slow and require more involved from the customer which increases drop outs. You can’t buy crypto with a credit card easily, even on the big exchanges and you have to go through a KYC process and then use debit or bank transfer usually. Also Onlyfans is a British startup I’m not even sure it’s hosted in the US.

marderfarker2 5y ago
It takes the same amount of effort and KYCs to sign up at a crypto exchange and sign up for a credit card.
- dogma1138 5y ago
  Most people already have a credit card or a bank card. Also at least in the UK I can open a bank account with a utility bill to get a crypto account on any major exchange I need to upload a photo ID usually a passport as well as a proof of address. Then I need to make a bank transfer and even then the account is still usually limited till some arbitrary time frame has passed or number of transactions have occurred. Transferring crypto is still much slower than using a card. Get the address / scan the QR code, log into your exchange, do the transfer and then wait until X number of confirmation has passed which can take 20-30 or even more minutes. This is antithetical to an impulse buy which quite likely how most of the people that pay for Onlyfans and other porn sites get hooked in the first place.
juggleup7 5y ago
Current options include distributed exchanges or purchase mainstream cryptos at a convenience shop, etc. Also kyc exchanges work to serve merely as gateway to a private wallet and true anonymous coins. Work in progress on more convenient options. And of course buyer beware - if you ask the state to be a nanny you get a nanny state. OnlyFans is private cryptos' killer feature. It's actually MasterCard that's putting itself out of business.
- dogma1138 5y ago
  Onlyfans is quite likely fueled by impulse buys if it takes more than 10 seconds to pay many people would reconsider. If it takes a trip to some shady convenient store at 2am to put your debit card into some shady looking ATM and then transfer it into a wallet manually no one is going to do that. Onlyfans is really not a private cryptos anything. It’s $6b per year, the yearly purchase rate of Mastercards network is about $1.5 trillion. It is not going put MasterCard out of business just like PornHub didn’t.