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Topic: The porn actress/actor will embrass Bitcoin ... because of the banks ! (Read 2504 times)

legendary
Activity: 1512
Merit: 1012
xhamster and xvideo accept bitcoin ... to buy tokens to retribute live chat & webcam : https://www.cryptocoinsnews.com/xhamster-porn-site-helps-you-bitcoin-rise-little-bit/
newbie
Activity: 37
Merit: 0
full member
Activity: 169
Merit: 100
I don't really see what the outrage is about.  It sounds like the banks are doing them a favor.  With the current garbage interest rates, many would consider it foolish to keep your money in a fractional reserve system.  You get paid a pittance and hold the entire risk in the event of widespread bank collapse.  While the odds of that may be small, the cost benefit analysis is way out of whack.  Keeping your money in the bank earns you less in interest than the rate of inflation, and in the event of catastrophe, you lose everything.  The FDIC simply doesn't have enough money to cover all deposits currently on record. 
sr. member
Activity: 378
Merit: 250
This is outrageous. And what next? Maybe banks will be building their own churches now where they will be telling that people are bad and morally bankrupt.

You're joking but that is exactly what historically happened. That's how religion came to be. That's why some banks look like temples, that's why "sin" and "debt" are the same word in many languages ("Schuld" in German for example). Read https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years

Banks are running there own monastery, there rules, there ways, they gotta have it there way or is the highway.  Thats how the banking system rolls.
legendary
Activity: 1764
Merit: 1007
This is outrageous. And what next? Maybe banks will be building their own churches now where they will be telling that people are bad and morally bankrupt.

You're joking but that is exactly what historically happened. That's how religion came to be. That's why some banks look like temples, that's why "sin" and "debt" are the same word in many languages ("Schuld" in German for example). Read https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years
legendary
Activity: 3318
Merit: 2008
First Exclusion Ever
This is a classic wartime tactic. Restrict sexuality as much as possible so that energy can be redirected fighting wars and obsessing about controlling others like a good sexually frustrated totalitarian subject.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
It is a great chance for bitcoin to come out of darkness. Porno industry is the largest market and like it was with blu ray and hd dvd it may help bitcoin to become popular.

Yeah , but bitcoin doesn't offer the "rebill the cc card of the idiot till he finds out" option.

You can see how much impact that has since sites that accept btc charge almost double for a month compared to cc payments.

Does the title of this thread bug anyone else?
I keep seeing "embarrass", when it is clearly meant to be "embrace" (though I suppose it could be either, I think the OP meant embrace as it is slightly punnier.)
hero member
Activity: 826
Merit: 501
in defi we trust
It is a great chance for bitcoin to come out of darkness. Porno industry is the largest market and like it was with blu ray and hd dvd it may help bitcoin to become popular.

Yeah , but bitcoin doesn't offer the "rebill the cc card of the idiot till he finds out" option.

You can see how much impact that has since sites that accept btc charge almost double for a month compared to cc payments.
sr. member
Activity: 350
Merit: 250
I could say that they absolutely have the right to cancel any account for any reason because they are a private company. But since the federal govt either runs the banking industry outright or by onerous regulations, it’s not such an easy thing to say.
legendary
Activity: 3752
Merit: 1217
In Europe, some banks started blocking transfers to Bitstamp, MtGox and other BTC-related companies for "safety reasons" (ha!)

In any case, I believe with this move they are only shooting their own legs. It is perfectly possible to operate a business without using their services, and after a while people who flip over will never want to come back at all.

I think that we should be glad to hear that the bankers are getting afraid and pissing their pants because of Bitcoin. My advice to you is to take this as a positive sign instead.  Grin
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
There are much larger markets, lol... real estate, cars, international remittance, internal corporate settlement.  
There's no money in porn since broadband.

The take home message is that the FDIC handed us a list of the types of businesses that they are handing over to Bitcoin.
The banks are apparently so flimsy that they can't handle a few porn stars making deposits or not making them.  That is too much risk for those poor widdle banks.
No worries, Bitcoin to the rescue...
newbie
Activity: 20
Merit: 0
It is a great chance for bitcoin to come out of darkness. Porno industry is the largest market and like it was with blu ray and hd dvd it may help bitcoin to become popular.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
In Europe, some banks started blocking transfers to Bitstamp, MtGox and other BTC-related companies for "safety reasons" (ha!)

In any case, I believe with this move they are only shooting their own legs. It is perfectly possible to operate a business without using their services, and after a while people who flip over will never want to come back at all.

It is possible, though it does create a few awkward moments when you are dealing with "normals"

I adore the blockchain.info model of doing without any banking from day 1.  I relish the purity of that, but they do have the luxury of only dealing with bitcoin folks.  When you are at the edges, and doing outreach, and etc, it forces some conversations when you have no bank (which are excellent conversations to have and great opportunities to explain the issues).  

Each of us was once a "normal", this is the first generation of this new capability.  


The mere fact that porn actresses are lumped in with we coin dealers shows that they are in very good company.  Wagons are circling.
sr. member
Activity: 378
Merit: 250
feels to me like an attack on a group of people for no good reason,  I think the accounts should be reinstated and the bank fined.

Attacks on groups on people is nothing new, everyone does it and I mean everyone.  This would be good for bitcoin let the adult industry support bitcoin save money on fees, did you know they even charge more fees if they are processing payments in the adult industry.
legendary
Activity: 1212
Merit: 1037
In Europe, some banks started blocking transfers to Bitstamp, MtGox and other BTC-related companies for "safety reasons" (ha!)

In any case, I believe with this move they are only shooting their own legs. It is perfectly possible to operate a business without using their services, and after a while people who flip over will never want to come back at all.
sr. member
Activity: 448
Merit: 250
Amazing. Bankers are one of the lower forms of life on the planet but they have the gall to besmirch a porn actress’s line of work! They(bankers) engage in economic rape of many of their customers but are worried about their reputations for having checking accounts from people in the porn industry. Bizarre, IMO.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
I've been noticed from BofA on the New Liberty Dollar LLC coin dealership...
Accounts will be closed by the bank.  No explanation is given.
legendary
Activity: 2912
Merit: 1386
    Ammunition Sales
    Cable Box De-scramblers
    Coin Dealers
    Credit Card Schemes
    Credit Repair Services
    Dating Services
    Debt Consolidation Scams
    Drug Paraphernalia
    Escort Services
    Firearms Sales
    Fireworks Sales
    Get Rich Products
    Government Grants
    Home-Based Charities
    Life-Time Guarantees
    Life-Time Memberships
    Lottery Sales
    Mailing Lists/Personal Info
    Money Transfer Networks
    On-line Gambling
    PayDay Loans
    Pharmaceutical Sales
    Ponzi Schemes
    Pornography
    Pyramid-Type Sales
    Racist Materials
    Surveillance Equipment
    Telemarketing
    Tobacco Sales
    Travel Clubs

Sad to see Ammunition Sales, Firearms Sales, Lottery Sales.etc in the list. Most of the time, these businesses are perfectly legal, and bring in the much needed tax revenue for the government.
But the fact that your comment is true for many of the categories.....tells you something...
legendary
Activity: 3752
Merit: 1217
    Ammunition Sales
    Cable Box De-scramblers
    Coin Dealers
    Credit Card Schemes
    Credit Repair Services
    Dating Services
    Debt Consolidation Scams
    Drug Paraphernalia
    Escort Services
    Firearms Sales
    Fireworks Sales
    Get Rich Products
    Government Grants
    Home-Based Charities
    Life-Time Guarantees
    Life-Time Memberships
    Lottery Sales
    Mailing Lists/Personal Info
    Money Transfer Networks
    On-line Gambling
    PayDay Loans
    Pharmaceutical Sales
    Ponzi Schemes
    Pornography
    Pyramid-Type Sales
    Racist Materials
    Surveillance Equipment
    Telemarketing
    Tobacco Sales
    Travel Clubs

Sad to see Ammunition Sales, Firearms Sales, Lottery Sales.etc in the list. Most of the time, these businesses are perfectly legal, and bring in the much needed tax revenue for the government.
legendary
Activity: 2912
Merit: 1386
Never pay for porn. Instead, note down the name of the video, and do a quick torrent search in 1337x.org or Piratebay. 99% of the time the torrents are available. If that is not the case, then there are other options.

Maybe someone is advising the banks, and this is part of why they don't want the customers? 
Or it could be that there are some religious sovereign funds that are large owners and are pushing policy from above.
Didn't Saud buy another 10% of Citibank and some others when they were in jeopardy?
No.  This is top down from Holder's lawless DOJ.
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