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Totally agree, and than you for posting this. You'll probably get a lot of negative comments from haters, but this is the kind of payment censorship that crypto

Totally agree, and than you for posting this. You'll probably get a lot of negative comments from haters, but this is the kind of payment censorship that crypto can solve. The worst thing to happen to cryptocurrency in my opinion was fiat exchanges. It created the ability for the legacy banking world and government to have too much of a voice in something that was designed to be the people's exchange of value. We started losing when actual traditional money was exchanged en masse in a way that was tracked. How is that different than any other trackable digital transaction?

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mrguyorama 4y ago
There's no difference between someone like visa shutting down processing for porn sites and your bitcoin exchange of choice refusing to pay out cash to porn stars. Porn models gotta eat, and last time I checked Costco doesn't accept bitcoin. Bitcoin can never be "truly free" from US control until it has it's own parallel economy, and that turned out to be a non-starter. And no, "local-bitcoins" is not a solution to that, because the last thing an online personality wants to do is meet up with a stranger who could plausibly discover who they are.
- soerxpso 4y ago
  The difference is the step at which that shutdown takes place. When visa shuts down processing for your business, they're taking away your ability to conduct transactions at all. When a bitcoin exchange refuses to do business with you, they're only taking away your ability to convert your BTC to USD (at that particular exchange). You can still conduct transactions directly in BTC (or ETH or what have you). The "cash out to USD" step is much less frequent, and usually less ingrained into the way you conduct business. A closer comparison would be to a bank that doesn't let a you deposit the cash your business earned at the end of the week. It would be an annoyance, but it doesn't actually prevent you from conducting your business.

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mrguyorama 4y ago

There's no difference between someone like visa shutting down processing for porn sites and your bitcoin exchange of choice refusing to pay out cash to porn stars. Porn models gotta eat, and last time I checked Costco doesn't accept bitcoin. Bitcoin can never be "truly free" from US control until it has it's own parallel economy, and that turned out to be a non-starter. And no, "local-bitcoins" is not a solution to that, because the last thing an online personality wants to do is meet up with a stranger who could plausibly discover who they are.

soerxpso 4y ago
The difference is the step at which that shutdown takes place. When visa shuts down processing for your business, they're taking away your ability to conduct transactions at all. When a bitcoin exchange refuses to do business with you, they're only taking away your ability to convert your BTC to USD (at that particular exchange). You can still conduct transactions directly in BTC (or ETH or what have you). The "cash out to USD" step is much less frequent, and usually less ingrained into the way you conduct business. A closer comparison would be to a bank that doesn't let a you deposit the cash your business earned at the end of the week. It would be an annoyance, but it doesn't actually prevent you from conducting your business.