Wouldnt this constitute fraud on some level? I mean Im pretty sure theres something similar in the financial world where you make your investment firm look like its doing lots of business in order to draw more customers but in reality most of the "business" is you just moving money around in your accounts.
I wonder if theres a script that can filter through Briannas Patreon supporters and see whos leaving and joining and who else they are supporting.
There's nothing wrong with moving your own money around through your own accounts. If you have a savings account and a checking account, you can bounce money between the two accounts. I'm not going to powerlevel, but suffice it to say that if you're willing to pay fees, you can do it as much as you want and if you agree with the fees, go for it. Who's going to argue with someone being willing to pay more in fees?
Circular transactions are actually more of a concern for more nefarious purposes--paying yourself is a big portion of money laundering, and its supposed to be under a great deal of scrutiny. However, the rules for financial transactions are pretty explicit--if there is a LEGAL concern, that's a big deal. If the laws and rules of the website do not forbid paying yourself, it's not illegal. My hunch is we're probably due for an interesting news story about someone doing this and then a federal law being passed, but I'm not sure that law is on the books now.
I think its dishonest; I think the whole Brianna Wu sob story to take money in place of people who actually might need help is dishonest. The financial transaction itself is probably legal
unless she's somewhere said that she's not doing this. That's a very big unless...
Financial Regulations took down a former speaker of the House. If there is an actual law in place regarding "No circular financing on Patreon", it's pretty easy to make the second point--she has likely gained financially for doing it. But if this is an "Accepted Practice", I don't see much happening.
There will come a day where Brianna Wu is too radioactive to support, and I think Jamias and company is shortening that Calendar as we speak. I'm not sure where that standard is met, but Patreon's business is to fundraise legitimate causes. The Wicked Witch of the West's Twitter Snarlbox Power Bill is not a legitimate cause, and Patreon will figure it out sooner or later. But I'm really curious what the aces being held right now are, and I think as soon as they are on the table we may see some consequences...