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With the CFPB under threat, there may be room for payment processors which don’t protect consumers from fraud. (Regulation is only as strong as its enforcement)

mafuy 1y ago
Might be a good idea. This is so curious. The US has a weird fetish with privatizing things that the government should handle, like consumer protection. If there were a reasonably robust infrastructure for this outside of payment processors in the US, there would be far less pressure on porn providers to comply with fucked up morals about porn. What we have here is an instance of late stage capitalism, and half the people are too narrowminded to see how it hurts their freedom.
- noduerme 1y ago
  I'm not sure about that. Late stage capitalism would involve the government bailing out credit card companies if there were fraud. I kind of prefer for them to deal with it themselves. And whether they deal with fraud themselves or the government does, they're going to classify certain types of transactions as riskier than others. My point was that this is probably not a "moral" decision, just a business decision. It would be a lot worse if it were the government mandating it, and worse still if they were mandating it because it conflicted with the moral code of some plurality of voters. That's not the case here, and I'm glad it's not. I wouldn't want the government to control consumer protection to the degree that voters in Texas could decide whether to protect certain consumers or not.
  - mafuy 1y ago
    This is not at all what I was talking about and reads like a tangent.
root_axis 1y ago
Not a wise business model. Enforcement can return at any time if the political winds shift.
- noduerme 1y ago
  Yes, and it's been tried before. LibertyCoin, I think. Write a Steam knockoff platform that's trustworthy enough for people to download, and load it up with dirty games. Put the premium on the customers if they want to use credit card transactions, otherwise push them towards crypto payments. Maybe you won't be an oligarch, but you'll probably end up with a reasonably sized yacht. [edit] hell, in a few years if the winds shift you might be DraftKings.
  - mrkramer 1y ago
    >Write a Steam knockoff platform that's trustworthy enough for people to download, and load it up with dirty games. Put the premium on the customers if they want to use credit card transactions, otherwise push them towards crypto payments. Easier said than done. It is hard to earn trust....you would probably need to jumpstart the platform with quite a few indie devs so people start trusting the site and using it.
    - noduerme 1y ago
      I remember having to redo all the art for a game because Apple's store rejected it. Six months. It would have been more fun with the original art. I'm sure there's many an indie dev in the same position who'd love a gray market for putting up games like that.

mafuy 1y ago

Might be a good idea. This is so curious. The US has a weird fetish with privatizing things that the government should handle, like consumer protection. If there were a reasonably robust infrastructure for this outside of payment processors in the US, there would be far less pressure on porn providers to comply with fucked up morals about porn. What we have here is an instance of late stage capitalism, and half the people are too narrowminded to see how it hurts their freedom.

noduerme 1y ago
I'm not sure about that. Late stage capitalism would involve the government bailing out credit card companies if there were fraud. I kind of prefer for them to deal with it themselves. And whether they deal with fraud themselves or the government does, they're going to classify certain types of transactions as riskier than others. My point was that this is probably not a "moral" decision, just a business decision. It would be a lot worse if it were the government mandating it, and worse still if they were mandating it because it conflicted with the moral code of some plurality of voters. That's not the case here, and I'm glad it's not. I wouldn't want the government to control consumer protection to the degree that voters in Texas could decide whether to protect certain consumers or not.
- mafuy 1y ago
  This is not at all what I was talking about and reads like a tangent.

root_axis 1y ago

Not a wise business model. Enforcement can return at any time if the political winds shift.

noduerme 1y ago
Yes, and it's been tried before. LibertyCoin, I think. Write a Steam knockoff platform that's trustworthy enough for people to download, and load it up with dirty games. Put the premium on the customers if they want to use credit card transactions, otherwise push them towards crypto payments. Maybe you won't be an oligarch, but you'll probably end up with a reasonably sized yacht. [edit] hell, in a few years if the winds shift you might be DraftKings.
- mrkramer 1y ago
  >Write a Steam knockoff platform that's trustworthy enough for people to download, and load it up with dirty games. Put the premium on the customers if they want to use credit card transactions, otherwise push them towards crypto payments. Easier said than done. It is hard to earn trust....you would probably need to jumpstart the platform with quite a few indie devs so people start trusting the site and using it.
  - noduerme 1y ago
    I remember having to redo all the art for a game because Apple's store rejected it. Six months. It would have been more fun with the original art. I'm sure there's many an indie dev in the same position who'd love a gray market for putting up games like that.