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A comment on YouTube-Dl Site Goes Offline as Hosting Provider Enforces Court-Ordered Ban. Parent comment

Re:YouTube-Dl Site Goes Offline as Hosting Provider Enforces... by vkou on Friday August 11, 2023 @01:34PM (#37091418)
You're free to try running a payment processor with a mantra of "Innocent until proven guilty."

You'll be a honeypot for every scammer, fraudster, and con artist ready to take advantage of that policy, your processing fees will be through the roof because of chargebacks, and the only people who will use your platform will be the aforementioned scammers, fraudsters, and conmen.

I'm sorry for the GP poster's situation, but there's really no way to make everyone happy, here.

[ Parent | on HN ]
Re:YouTube-Dl Site Goes Offline as Hosting Provider Enforces... by waithuh on Friday August 11, 2023 @02:03PM (#37091782)
See: crypto. Marvelous technology. Ruined in the public's eye because of the amount of scams in it. Those same scams were used as justification for strict KYC laws. Which did not do much to stop the fraudsters really, hurt legally operating investors' privacy instead.
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Re:YouTube-Dl Site Goes Offline as Hosting Provider Enforces... by grumple on Friday August 11, 2023 @03:44PM (#37093097)
Payment processors could assign reputation to longtime users, and they could have a vetting process to users as well, just like banks do. Get their full credit history, all the info of their owners, etc.

They could also communicate problems more clearly and provide better support to those who are sanctioned.

It's a reasonably solveable problem.

[ Parent | on HN ]