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Re:Visa and MasterCard ban Pornhub over abusive videos by totony on Friday December 11, 2020 @12:28AM (#25382641)
Maybe porn will be the first business to adopt cryptos. Would love for it to happen and it seems quite easy considering Pornhub already has some infrastructure for fraud detection
Re:Visa and MasterCard ban Pornhub over abusive videos by mtnGoat on Friday December 11, 2020 @12:36AM (#25382690)
They'd probably like it in that light. Less fraud to detect with crypto payments. No charge backs are possible.
Re:Visa and MasterCard ban Pornhub over abusive videos by totony on Friday December 11, 2020 @12:43AM (#25382714)
Chargebacks are a safety-net on top of payment systems. It gives peace of minds to users.

I don't think they will launch a full-fledged cryptobacked anything, but if they do, chargebacks are a nice thing to support to boost adoption.

Re:Visa and MasterCard ban Pornhub over abusive videos by StavrosK on Friday December 11, 2020 @02:41AM (#25383362)
I don't disagree, but consider how much more useful is the ability to chargeback in a pull-based system where anyone with a semi-public piece of data (your credit card number) can take money from you, versus a push-based system where every single transaction must be initiated by you.
Re:Visa and MasterCard ban Pornhub over abusive videos by piracy1 on Friday December 11, 2020 @01:58AM (#25383155)
Whos carding pornhub? Why?
Re:Visa and MasterCard ban Pornhub over abusive videos by mtnGoat on Friday December 11, 2020 @11:36AM (#25387601)
The "under banked"?

You'd be amazed how many guys wives call in to these charges... Claiming "He would never!"

Re:Visa and MasterCard ban Pornhub over abusive videos by piracy1 on Saturday December 12, 2020 @04:53AM (#25397119)
Ohhhhhhhh, 'friendly fraud' nearly.