Re:PayPal stops payouts to models on Pornhub
by zelly on Thursday November 14, 2019 @07:01PM
(#21540954)
You can use an ATM (or localbitcoins) to cash out Bitcoin without any connection to your bank account. Bitcoin doesn't have to be ubiquitous to use it even today, you just have to find businesses that accept Bitcoin. A buddy of mine accepts rent from a tenant in Bitcoin. There are exchanges to buy gift cards or Amazon credits with Bitcoin which you can use in real life to buy food. You can realistically go about your life completely in 2019 with just magic internet money. What a time to be alive.
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Re:PayPal stops payouts to models on Pornhub
by spookthesunset on Thursday November 14, 2019 @09:35PM
(#21541773)
> There are exchanges to buy gift cards or Amazon credits with Bitcoin which you can use in real life to buy food.
Which I’m sure are totally legit and not at all primarily used to launder money.
Re:PayPal stops payouts to models on Pornhub
by chabes on Friday November 15, 2019 @02:11AM
(#21542920)
Why so quick to assume?
Maybe you’ve never heard of Fold app or Bitrefill. Some of us are actually trying to build a circular bitcoin economy. These companies not only offer onramps and offramps to the ecosystem, but they actively fund and incentivize building. Yes, they make a profit too.
Re:PayPal stops payouts to models on Pornhub
by AshwinDurairaj on Friday November 15, 2019 @01:57AM
(#21542867)
I'm sure other forms of exchange, for example, USD to GC, can still be used to launder money. This is not exclusive to cryptocurrency as you would imply.
Re:PayPal stops payouts to models on Pornhub
by paulddraper on Friday November 15, 2019 @02:11AM
(#21542925)
Considering Bitcoin's chief feature is skirting legal authorities for money transfers, that wouldn't surprise me.