For example, here are all the businesses that cannot use Stripe. It includes many types of businesses that would be legal to operate in the US/elsewhere, but which nonetheless effectively can't because almost all payment processors use a list like this.https://stripe.com/restricted-businesses …
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I assume, but don't know, that these lists arise because payment processors want to limit the damages they may be liable for in businesses that are "legally entangled" (like pornography, gambling, etc.) So it is not necessarily the case that they are being puritanical.
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Therefore, a "common carrier, limited liability" law that gives payment processors legal immunity from resulting damages in exchange for requiring them to offer equal access to business types would be a step in the right direction.
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If only there were some kind of monetary permisionless protocol…
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You jest, but actually. Cryptocurrency just isn't there yet, and nobody has explained how it won't run into exactly the same problems once people start suing the exchanges for liability the same way merchant services companies are today.
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From the article it’s because they are having trouble raising another round of funding. Not because of payment processor problems
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I for one am glad OnlyFans is purging the heathens. What was that kind of content doing on a site about appliances in the first place? I'm sure most of the fans were just trying to cool the space. The only thing i can really think of is that the heat got to their heads.
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You don't need law, you need cryptocurrencies. It already solves the problem, especially censorship.
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