We have “deindexed” all adult NSFW content from our browse and search pages. We understand this action is sudden and disruptive, and we are truly sorry for the frustration and confusion caused by...
The group responsible is “Collective Shout”, the same org has targeted Steam before.
There are calls on social media now to contact Mastercard, Visa and co. and file complaints.
The short term profits of going SFW only to appease payment processors vs. keeping everything but making it crypto only, which in the short term would be disastrous for income, but in the long term it would recover and they’d have independence from censorship.
Instead they chose to keep bigger profits and start deleting accounts.
Tell me again how you’ve not actually read up on the issues with crypto as payment processor.
This shit has already been tried and the issues discussed at length. I think it was Mullvad that stopped accepting BTC and did an extensive writeup on why.
In short: the constantly shifting conversion rates make this unsustainable, as even if they accepted payment in crypto, they have to pay their bills in fiat currency. So their choices are to have crypto prices change literally every page load to reflect the exchange rate, or to just eat extra costs when suddenly 0.51btc goes from being worth $5 when the user pays to being worth $1 when they try to use it for anything else. Even with constantly updating prices, the shifting rates screwing them will still happen. The costs associated with even offering it as a payment type outweigh the actual revenue generated by an extreme order of magnitude, and even privacy/crypto oriented storefronts see something like under 1% of users using the option when it’s available.
And that’s my understanding of the short version.
There’s a big difference between “prioritizing short term profit” and “committing commercial/financial suicide to make a point”.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]
Welcome to the largest gaming community on Lemmy! Discussion for all kinds of games. Video games, tabletop games, card games etc.
Rules
1. Submissions have to be related to games
Video games, tabletop, or otherwise. Posts not related to games will be deleted.
This community is focused on games, of all kinds. Any news item or discussion should be related to gaming in some way.
2. No bigotry or harassment, be civil
No bigotry, hardline stance. Try not to get too heated when entering into a discussion or debate.
We are here to talk and discuss about one of our passions, not fight or be exposed to hate. Posts or responses that are hateful will be deleted to keep the atmosphere good. If repeatedly violated, not only will the comment be deleted but a ban will be handed out as well. We judge each case individually.
3. No excessive self-promotion
Try to keep it to 10% self-promotion / 90% other stuff in your post history.
This is to prevent people from posting for the sole purpose of promoting their own website or social media account.
4. Stay on-topic; no memes, funny videos, giveaways, reposts, or low-effort posts
This community is mostly for discussion and news. Remember to search for the thing you’re submitting before posting to see if it’s already been posted.
We want to keep the quality of posts high. Therefore, memes, funny videos, low-effort posts and reposts are not allowed. We prohibit giveaways because we cannot be sure that the person holding the giveaway will actually do what they promise.
5. Mark Spoilers and NSFW
Make sure to mark your stuff or it may be removed.
No one wants to be spoiled. Therefore, always mark spoilers. Similarly mark NSFW, in case anyone is browsing in a public space or at work.
6. No linking to piracy
Don’t share it here, there are other places to find it. Discussion of piracy is fine.
We don’t want us moderators or the admins of lemmy.world to get in trouble for linking to piracy. Therefore, any link to piracy will be removed. Discussion of it is of course allowed.
The short term profits of going SFW only to appease payment processors vs. keeping everything but making it crypto only, which in the short term would be disastrous for income, but in the long term it would recover and they’d have independence from censorship.
Instead they chose to keep bigger profits and start deleting accounts.
Tell me again how you’ve not actually read up on the issues with crypto as payment processor.
This shit has already been tried and the issues discussed at length. I think it was Mullvad that stopped accepting BTC and did an extensive writeup on why.
In short: the constantly shifting conversion rates make this unsustainable, as even if they accepted payment in crypto, they have to pay their bills in fiat currency. So their choices are to have crypto prices change literally every page load to reflect the exchange rate, or to just eat extra costs when suddenly 0.51btc goes from being worth $5 when the user pays to being worth $1 when they try to use it for anything else. Even with constantly updating prices, the shifting rates screwing them will still happen. The costs associated with even offering it as a payment type outweigh the actual revenue generated by an extreme order of magnitude, and even privacy/crypto oriented storefronts see something like under 1% of users using the option when it’s available.
And that’s my understanding of the short version.
There’s a big difference between “prioritizing short term profit” and “committing commercial/financial suicide to make a point”.
Heck even friggin Musk stopped accepting crypto to buy Teslas!