5 ms·

"Sell any digital product in under a minute and keep 99% of what you make after payment processing fees. No monthly fees either." How is that shady?

fmajid 4y ago
Not verifying the legitimacy of the merchant making the transaction. Banking and payments are very tightly regulated and there are AML-KYC laws (anti-money-laundering/know-your-customer) that need to be complied with.
- sowbug 4y ago
  It's a sad state of affairs when things not verified to be legal are presumed illegal.
  - fmajid 4y ago
    Indeed it is a sad thing organized crime and terrorism exist, but such is the world we live in.
    - sowbug 4y ago
      Don't forget to think of the children. https://en.wikipedia.org/wiki/Four_Horsemen_of_the_Infocalypse https://en.wikipedia.org/wiki/Four_Horsemen_of_the_Infocalyp...
  - ocimbote 4y ago
    Say you buy a bicycle helmet for your kid. 2 are available. Helmet A mentions its certifications. Helmet B doesn't, but claims to be as safe. Would you consider helmet B?
    - sowbug 4y ago
      The conversation was about reducing privacy to assist law enforcement. Your question relates to whether a lawful society is preferable to a lawless one, and as far as I can tell has no bearing on privacy. I'd be happy to answer your hypothetical question, but I don't want to stray further off topic, so I'll decline.
      - ocimbote 4y ago
        You're dodging. The discussion and your point was about presumption of lawfulness and I made an analogy about presumption of safety.
ocimbote 4y ago
Two reasons: 1/ sounds very much like "Make $10k/month from the comfort of your couch. No strings attached" 2/ "sell any digital product" sounds like "we're not looking". " in under a minute" is an exaggeration most probably. "99%" is clearly psychological bait. "After processing fees" is a red flag because it's the one place in two description that is not metered. It's the accumulation of small things that draw a big red flag, to me.

fmajid 4y ago

Not verifying the legitimacy of the merchant making the transaction. Banking and payments are very tightly regulated and there are AML-KYC laws (anti-money-laundering/know-your-customer) that need to be complied with.

sowbug 4y ago
It's a sad state of affairs when things not verified to be legal are presumed illegal.
- fmajid 4y ago
  Indeed it is a sad thing organized crime and terrorism exist, but such is the world we live in.
  - sowbug 4y ago
    Don't forget to think of the children. https://en.wikipedia.org/wiki/Four_Horsemen_of_the_Infocalypse https://en.wikipedia.org/wiki/Four_Horsemen_of_the_Infocalyp...
- ocimbote 4y ago
  Say you buy a bicycle helmet for your kid. 2 are available. Helmet A mentions its certifications. Helmet B doesn't, but claims to be as safe. Would you consider helmet B?
  - sowbug 4y ago
    The conversation was about reducing privacy to assist law enforcement. Your question relates to whether a lawful society is preferable to a lawless one, and as far as I can tell has no bearing on privacy. I'd be happy to answer your hypothetical question, but I don't want to stray further off topic, so I'll decline.
    - ocimbote 4y ago
      You're dodging. The discussion and your point was about presumption of lawfulness and I made an analogy about presumption of safety.

ocimbote 4y ago

Two reasons: 1/ sounds very much like "Make $10k/month from the comfort of your couch. No strings attached" 2/ "sell any digital product" sounds like "we're not looking". " in under a minute" is an exaggeration most probably. "99%" is clearly psychological bait. "After processing fees" is a red flag because it's the one place in two description that is not metered. It's the accumulation of small things that draw a big red flag, to me.