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> Payment providers also discriminate against certain aspects of society, such as sex work. The fees an adult content provider needs to pay are astronomical if

by shafyy 5y ago

> Payment providers also discriminate against certain aspects of society, such as sex work. The fees an adult content provider needs to pay are astronomical if they can even get a contract with any payment provider at all. Furthermore, the USA has a severe problem that stems from companies like Equifax deciding what you can and cannot afford with no way to protest their decisions. This is not a technology problem, this is a legal problem. To change it, we need to change the laws, not the technology. Sure, they can use crypto now to skirt those regulations, but clearly crypto payments will be regulated exactly as fiat payments very soon. Then, you're back at square one but have burned the planet and enabled ransomware and scammers along the way.

hackernewds 5y ago
If crypto's main use case is to skirt common agreed upon societal rules that might be debatable, imagine it can be used extensively for all causes that are not up for debate - for ex financing terrorism
jeroenhd 5y ago
It's hardly a legal problem, there are plenty of countries and US states where many kinds of sex work are perfectly legal, and having your life ruled by credit agencies is far from universal. I understand that with decent regulation illegal goods can't just fly under the radar anymore, I'm just saying that in the current ecosystem there is a use case for this fake money where real money simply cannot be exchanged reliably. In an ideal world we wouldn't need fake underground value transfers but the world is far from ideal.
- usrbinbash 5y ago
  > It's hardly a legal problem, there are plenty of countries and US states where many kinds of sex work are perfectly legal How is it not a legal problem, when it's apparently possible to solve it entirely by having a different legislation?
  - 8note 5y ago
    Generally you need to change legislation in a country that you do not have citizenship in.

by shafyy 5y ago

hackernewds 5y ago

If crypto's main use case is to skirt common agreed upon societal rules that might be debatable, imagine it can be used extensively for all causes that are not up for debate - for ex financing terrorism

jeroenhd 5y ago

It's hardly a legal problem, there are plenty of countries and US states where many kinds of sex work are perfectly legal, and having your life ruled by credit agencies is far from universal. I understand that with decent regulation illegal goods can't just fly under the radar anymore, I'm just saying that in the current ecosystem there is a use case for this fake money where real money simply cannot be exchanged reliably. In an ideal world we wouldn't need fake underground value transfers but the world is far from ideal.

usrbinbash 5y ago
> It's hardly a legal problem, there are plenty of countries and US states where many kinds of sex work are perfectly legal How is it not a legal problem, when it's apparently possible to solve it entirely by having a different legislation?
- 8note 5y ago
  Generally you need to change legislation in a country that you do not have citizenship in.