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At some point they'd probably want to convert back to fiat and that's the trick. Coinbase or whichever company will probably follow suit.

hx8 1y ago
I think payment processors blocking Coinbase would open them up to large legal liabilities.
- Tadpole9181 1y ago
  Like payment processors threatening the largest game platform on the planet for decades would, right? There are no legal protections, it needs to be fixed at the government level with payment neutrality policies. Steam has hundreds of millions of users and couldn't fight it. Itch had to go nuclear and kill every single NSFW game ever put on their platform, likely affecting millions.
  - hx8 1y ago
    1. Blocking coinbase would be anti-compeitive behavior which are totally different laws. 2. Valve is not publicly traded so we cannot do a detailed comparison, but all indications show Playstation is a larger gaming platform than Steam. Steam is not "the largest game platform on the planet". 3. Yeah I agree that strong legal regulations for the payment processing industry would be good. I think a public electronic payment processing system would be better, and wide adoption of a crypto-currency based solution would be the best. My trust in governments and central banks to handle monetary policy is very low. My trust in private for-profit companies to handle payment processing is even lower. It's one thing to do well over a few decades, and another thing to do well over a several centuries and real economies operate on a very long timescale. 4. It's disappointing that we treat NSFW as such a taboo.
windward 1y ago
It just needs the economic value of supporting this trade to outweigh the value they assign to control and influence.
- arghwhat 1y ago
  Which we can conclude from the current situation is not the case.
  - windward 1y ago
    The word 'needs' indicates a present necessity.
    - arghwhat 1y ago
      The present behavior of payment providers show a present lack of economic value to overcome the pressure against supporting these businesses, meaning the present necessity is not met.

hx8 1y ago

I think payment processors blocking Coinbase would open them up to large legal liabilities.

Tadpole9181 1y ago
Like payment processors threatening the largest game platform on the planet for decades would, right? There are no legal protections, it needs to be fixed at the government level with payment neutrality policies. Steam has hundreds of millions of users and couldn't fight it. Itch had to go nuclear and kill every single NSFW game ever put on their platform, likely affecting millions.
- hx8 1y ago
  1. Blocking coinbase would be anti-compeitive behavior which are totally different laws. 2. Valve is not publicly traded so we cannot do a detailed comparison, but all indications show Playstation is a larger gaming platform than Steam. Steam is not "the largest game platform on the planet". 3. Yeah I agree that strong legal regulations for the payment processing industry would be good. I think a public electronic payment processing system would be better, and wide adoption of a crypto-currency based solution would be the best. My trust in governments and central banks to handle monetary policy is very low. My trust in private for-profit companies to handle payment processing is even lower. It's one thing to do well over a few decades, and another thing to do well over a several centuries and real economies operate on a very long timescale. 4. It's disappointing that we treat NSFW as such a taboo.

windward 1y ago

It just needs the economic value of supporting this trade to outweigh the value they assign to control and influence.

arghwhat 1y ago
Which we can conclude from the current situation is not the case.
- windward 1y ago
  The word 'needs' indicates a present necessity.
  - arghwhat 1y ago
    The present behavior of payment providers show a present lack of economic value to overcome the pressure against supporting these businesses, meaning the present necessity is not met.