Payment Processors vs The Internet - Forcing websites to commit Tumblr

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Wasn't crypto that is 1:1 with real currency tried already and failed?
 
Judge Dredd said:
Wasn't crypto that is 1:1 with real currency tried already and failed?
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Tether, which is tied to the dollar, has a market cap of 34 billion dollars and is the third largest crypto in the world. USDC, DAI, and others are large and popular as well.
Maybe someday they'll fail, but right now they work. USDT and USDC are owned by companies that hold the funds, DAI is an algorithmic stablecoin so it's probably less likely to totally fail since there's no central authority to fuck things up.
 
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ZMOT said:
can't remember, was pixiv japanese? because I'm pretty sure japan has some internal payment processors they could use instead.
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Used to be exclusively Japanese until they expanded to Global, hence why you can browse the website in English (or in Korean/Chinese) since several years ago.
That said, the lack of Paypal option if your cart contains at least one R-18 item is something seen in any Japanese online store, giving the foreigner no choice but to prompt in the Visa/Mastercard card instead. I'm actually surprised this wasn't already a restriction for Fanbox anyway.

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Pics above are from Booth (Pixiv's store for fan-made contents) so I'm assuming Fanbox give the same options. Pixiv has even its own payment system.
So yeah the Japanese themselves still have plenty of options, it's simply restricting foreigners on the other hand.
 
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Paper Plate said:
Because the gun guys have more unity and common ground.
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Also because the right to porn isn't seen as a core right in America.

gagabobo1997 said:
Maybe someday they'll fail, but right now they work. USDT and USDC are owned by companies that hold the funds
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Tether Ltd, which doesn't have a bank account, already admitted they lied about having cash to back Tether tokens. Then they claimed to be one of the world's largest holders of AAA-rated corporate bonds, but that turned out to be a lie, too, since they have no agent in the bond markets . That was a a couple years ago. Their "funds" are almost certainly just other crypto tokens. Or possibly just made-up monkeyshit.
 
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The Ugly One said:
Also because the right to porn isn't seen as a core right in America.



Tether Ltd, which doesn't have a bank account, already admitted they lied about having cash to back Tether tokens. Then they claimed to be one of the world's largest holders of AAA-rated corporate bonds, but that turned out to be a lie, too, since they have no agent in the bond markets . That was a a couple years ago. Their "funds" are almost certainly just other crypto tokens. Or possibly just made-up monkeyshit.
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True but they haven't blown up yet. That's why I almost never use tether though, of all the stable coins it's the least trustworthy to me.
 
Grub said:
The fact this happens pretty regularly with a huge variety of things doesn't get talked about nearly often enough. It's honestly scary how much power payment processors have over businesses and even individuals should they choose to exercise it. I'm not even sure the average population really even understands what kind of hold payment processors have on pretty much most transactions people make that aren't cash. Even outside the internet.
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It's the entire financial system. I don't think Stripe the company that does payment processing would like to regulate stuff but they have too because the Credit Card companies force them too.

Financial corporations often have shady relations with governments. If intelligence agencies would like to go after people but they can't do it directly they will ask their friends in the Financial Industry to do it for them. This is how debankings happen. In return financiers get to do some really scummy shit that is quite profitable.

It does deeper than that as well. Central banking, bank bailouts, lobbying, insider trading by people in power, and many other things have similar sorts of relationships.

There is a reason Usury is so hated in the Bible.
 
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Napoleon III said:
It's the entire financial system. I don't think Stripe the company that does payment processing would like to regulate stuff but they have too because the Credit Card companies force them too.
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It's more than credit cards, it's also banks. All of these companies must partner with banks in some capacity for actual money movement and those banks are who hold the true power. You mess up in terms of some regulatory bullet point? The bank offloads all the punishment onto you. It leads to this egregious sort of crackdown where the likes of Stripe wholesale reject certain sectors to keep their gravy trains flowing.
 
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I hope the DOJ tears mastercard a new asshole in the lawsuit
 
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No new information, but I found this video a good summary of the slap fight between Japan and payment processors.

Something that is not directly related, but I think plays a part. Supposedly the UN is mad at Japan because they won't allow women to emperor. I've not seen evidence of this, just drama YouTubers talking about it.
 
The usual suspects are definitely madder that they don't have full control of Japanese media companies that produce cartoons and games. They couldn't give a fuck less about regular TV and cinema, because for all their bleating about "diversity", they don't actually like or want it.
 
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Judge Dredd said:
Steam bans adult games after adding a rule about not upsetting payment processors.
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Drooling retards will go "hurr its just coomer slop, why i care?" without realizing the problem:

Credit card companies and banks have become an arbiter of what you can purchase and how you can make a living. They have the ability, on a whim, with no oversight, to completely ruin your life for no other reason other then some stupid fucking faggot thinks that YOU don't deserve the right to use "their services".

Long before attacking coomer shit, credit card companies went after firearm sellers after the Parkland shooting in 2018. Some FFLs would wake up and see that their payment processor dropped them overnight. These companies built machine learning models to flag "high risk" merchants and track gun purchases. They can do this to anything and there is absolutely zero recourse.

Imagine a future where you can't buy a car because it "didn't meet climate goals" or you couldn't buy lunch because the resturant you went to had a "low ESG rating" and was blacklisted by it's payment processor. We are quickly heading there.

Fuck the lolberts who say "muh private company". The right to property is the basis on which all other rights are derived. This is axiomatic across every ideology and worldview in existence.
 
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