Re:MasterCard to stop processing payments on Pornhub, cites ...
by fastball on Thursday December 10, 2020 @03:59PM
(#25378582)
This is why so many people are so gungho about crypto.
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Re:MasterCard to stop processing payments on Pornhub, cites ...
by toomuchtodo on Thursday December 10, 2020 @04:04PM
(#25378645)
Make no mistake, crypto or not, the law still applies and you aren't going to "win" against a nation state that has a monopoly on force and legal enforcement.
Your actions on the ledger are mostly permanent, and one opsec mistake and you're screwed.
Re:MasterCard to stop processing payments on Pornhub, cites ...
by chrisco255 on Thursday December 10, 2020 @04:09PM
(#25378712)
That's one less battle to fight, though. At least with crypto the payment platform is plausibly neutral.
Re:MasterCard to stop processing payments on Pornhub, cites ...
by cft on Thursday December 10, 2020 @05:19PM
(#25379563)
They already accept https://thebitcoinnews.com/pornhub-accepts-bitcoin-top-adult...
This simply means that the government will double down on making life for crypto holders more and more difficult, like KYC on non-hosted wallets
Re:MasterCard to stop processing payments on Pornhub, cites ...
by Reelin on Thursday December 10, 2020 @05:30PM
(#25379676)
> Your actions on the ledger are mostly permanent, and one opsec mistake and you're screwed.
Which is precisely what's motivating the ongoing rapid development of various privacy preservation strategies (Monero, Zcash, Wasabi Wallet, ...).
Re:MasterCard to stop processing payments on Pornhub, cites ...
by seibelj on Thursday December 10, 2020 @04:07PM
(#25378683)
The government can't outlaw payments to a company that isn't illegal, but they can lean on our duopoly of payment providers to effectively do the same thing. Crypto enables true peer-to-peer payments, which prevents aggressive government action against companies that are morally corrupt in the mind of some (but not all) people.