←back to thread

Brave taking cryptocurrency donations “for me” without my consent

(twitter.com)
323 points plusCubed | 1 comments | 21 Dec 18 17:48 UTC | HN request time: 0s | source
Show context
callinyouin ◴[21 Dec 18 19:55 UTC] No.18736064[source]▶
Brendan Eich's defense of this scheme [0] seems a bit weak to me. Do you really think the solution is to make creators opt out? What in the world makes you think it's okay to represent people who have not asked for your assistance and take donations on their behalf? Why is it their responsibility to ask you nicely not to use their name to solicit donations?

[0] https://twitter.com/BrendanEich/status/1076187316748615680

replies(3): >>18736212 #>>18738433 #>>18739563 #
jonny_eh ◴[21 Dec 18 20:13 UTC] No.18736212[source]▶
This must be against some kind of law, I'm not sure which though.
replies(5): >>18736368 #>>18736516 #>>18736815 #>>18736960 #>>18737941 #
thekyle ◴[21 Dec 18 21:45 UTC] No.18736960[source]▶
Maybe, a few years back I had the idea to create a service identical to what Brave offers today (except based on the traditional banking system, not cryptocurrency) however I stopped after reviewing the money transmitter laws in the United States and determining that they were not compatible with this business model.

It's possible that Brave has found some sort of loophole that allows them to do this, but I haven't verified that.

https://en.wikipedia.org/wiki/Money_transmitter

replies(1): >>18737647 #
1. jacques_chester ◴[21 Dec 18 23:27 UTC] No.18737647[source]▶
I have also had this idea (I think everyone who thinks about the problem space for > 30 minutes stumbles on the basic business model).

Expanding your point: banks haaaaate this kind of business model. They see it as a fertile breeding ground for chargebacks, which are very expensive to them.