Re:Parallel Economy: Censor-Resistant Payment Processing
by woodruffw on Wednesday September 21, 2022 @10:52AM
(#32926020)
Yes, that's what the site says. But they're presumably not running a settlement network from top to bottom, so it's perfectly reasonable to ask what they're doing different from every single other payment processor (or middleman, or reseller, or...).
In other words: is the "censorship resistance" here just the pinky promise of someone who unironically writes a page like this[1]?
Re:Parallel Economy: Censor-Resistant Payment Processing
by penultimatename on Wednesday September 21, 2022 @10:50AM
(#32925977)
They never explained how they'll process payments when VISA cuts them off.
Re:Parallel Economy: Censor-Resistant Payment Processing
by shakezula on Wednesday September 21, 2022 @10:50AM
(#32925994)
But… that doesn’t prevent censorship when it’s still reliant on the same core payment processors.
As best as I can tell this is basically security through obscurity.
Re:Parallel Economy: Censor-Resistant Payment Processing
by blisterpeanuts on Wednesday September 21, 2022 @11:36AM
(#32926629)
Isn't Parallel Economy basically positioning itself as an alternative to Paypal? Not a "full stack" solution, at least not yet, but nonetheless a workaround if Paypal locks you out.
Payment processing.
edit: I have to say that I'm finding the replies unintelligible. The largest payment processors are banning organizations from receiving payments. This organization claims that they will not do that. Would that destroy censorship in the world, or keep Visa and Mastercard from banning people (or banning Parallel Economy themselves?) No. Does it stop censorship at your local high school paper? Also no.