←back to thread

803 points freedomben | 3 comments | | HN request time: 0.001s | source
Show context
maxbond ◴[] No.44611358[source]
Why do payment processors do stuff like this? Is there some regulation that requires them to? I get that they don't want to process fraudulent transactions, but I'd think the response to a higher percentage of fraud from some industry would be to charge them more. It doesn't make sense to me why they would be concerned about the content of games, as long as everything is legal and the parties concerned aren't subject to sanctions.

Some of these games seem completely abhorrent, and probably illegal in more restrictive jurisdictions, but not the United States. And I've not seen any suggestion they're funding terrorism or something. So I'm perplexed.

replies(29): >>44611411 #>>44611419 #>>44611451 #>>44611517 #>>44611528 #>>44611604 #>>44611625 #>>44611674 #>>44611713 #>>44611790 #>>44611866 #>>44612085 #>>44612637 #>>44612830 #>>44613322 #>>44613401 #>>44613483 #>>44613691 #>>44613744 #>>44614120 #>>44614860 #>>44615550 #>>44615769 #>>44616205 #>>44616269 #>>44616805 #>>44616821 #>>44616872 #>>44618565 #
Al-Khwarizmi ◴[] No.44614860[source]
> Some of these games seem completely abhorrent

Why would you consider those abhorrent while games where you can slaughter people, or commit all kinds of crimes like any random GTA, are widely considered normal?

I'll never understand American morals. What's clear is that we need non-US payment processors so that the values of a given culture aren't imposed worldwide.

replies(2): >>44614885 #>>44614922 #
bornfreddy ◴[] No.44614885[source]
Say what you want about crypto, but it does solve this problem at least.
replies(2): >>44615009 #>>44616638 #
1. munksbeer ◴[] No.44615009[source]
Yes, stable-coins do. But if you have a crypto where the entire point seems to be "it should be worth more tomorrow than today", then it is stupid to use it to transact in rather than to hoard.

On the other hand, stable-coins suffer the same problems as visa. They're centralised, and subject to zealous regulations.

replies(2): >>44615956 #>>44618758 #
2. mritterhoff ◴[] No.44615956[source]
I expect my index funds to be worth more tomorrow than today (on average), but still manage to pay for things with USD.

If buying, selling and transacting fees are low enough, I don't see why bitcoin's (to pick one) value changes would matter much.

3. boredhedgehog ◴[] No.44618758[source]
> They're centralised, and subject to zealous regulations.

The currency wouldn't have to meet any particular definition of a stablecoin as long as it is inflationary. It could be exactly like Bitcoin but with a different mining algorithm.