Off Topic OnlyFans is banning sexually explicit content starting in October

[redery]

Video below covers the major points.

Basically,

1. The timing of OF announcing this change suspiciously coincides with a BBC investigative report that basically said OF was hosting illegal content (e.g. as in, illegal illegal...not copyright infringement), and OF was not doing a good job of policing what was uploaded to the platform.

2. OF blames Mastercard/payment processors, kind of saying that it wasn't their own decision, but rather that Mastercard basically forced them by threatening to stop processing payments. This is actually what happened to Patreon a couple years ago.
However, Mastercard denies this. And Lena The Plug mentioned in an interview that OF uses CCBill, which is a third party processor, meaning that OF doesn't deal directly with the payment vendors like Mastercard and Visa, CCBill does. And CCBill is well known for being the processor of all kinds of hardcore content. So it seems like OF is the one lying and trying to throw off blame.

3. He raises a good point that this is basically just another catalyst for cryptocurrency adoption. Just like Pornhub had to go crypto-only, this may ultimately be a good thing in the long run. The more big companies like this get pressured at the money chokepoint, the more incentive there is for innovation to help normies adopt/use crypto and make it more mainstream.



Maybe add:

August 2021: OnlyFans/Mastercard accelerated the adoption of Monero by 5 years.

There's already a huge interest in having payments for this kind of stuff be more private/anonymous. Having the oligopoly of payment processors refuse to process transactions for high-demand services only forces people to look into alternatives...and they'll happily find the alternatives are better.

 

[Abel1998]

I'm curious how much legal problem OF could be facing since their interface did not allowed to DL the content that people bought, which I never understood why you would prevent someone to safely own what was bought. So if they delete all that content, isn't kinda like destroying someone else's property

 

[Burrito69]

If you have explicit content purchased, will that then be deleted?

 

[chleov]

Interestingly, the OnlyFans founder in an interview explicitly denies that both Mastercard's rules and potential investors had an influence on the decision. He says it's all because of the banks, basically .

Article https://on.ft.com/2Wlz4l0 (paywalled apparently? although I can read it)

and some excerpts:

https://twitter.com/samleecole/status/1430195995443437570?s=21

 

[PatientZero]

So, from that interview, OF paid creators $300 million each month.
The creators get 80% of the total fees charged, another 8% is for commercial and processing fees.
So, the company gets 12%, which is, $300/0.8*0.12 million each month.

Which comes out to $45 million each month, before expenses and taxes.

 

[Sith Vader]

There is something strange with the reason OF have given for their behaviour. They are already working with other banks, that the founder said he would not name. So even if the three banks that he named really closed OF accounts that wouldn't have affected them so much. This whole story stinks. Maybe the founder just want a way out and no one wants to buy a company that is mainly porn so he use the banks as an excuse to ban porn for people don't go mad on him, cleans onlyfans and them sell it.

 

[fluffy_stuff]

Sites need to stop kowtowing to credit card companies and start accepting crypto. Seriously, fuck this medieval moral bullshit.

 

[chleov]

WTF, DUDES, the public pressure, It actually worked, they're actually not going through with the porn ban.

https://twitter.com/onlyfans/status/1430499277302816773?s=21

 

[redery]

Yeah, lol

OnlyFans reverses decision to ban porn on platform after sex workers fumed

ONLYFANS has reversed its decision to ban porn on the platform, after sex workers were left “angry and confused.” In a statement on Wednesday, the company thanked everyone for “ma…

www.the-sun.com

 

[recycledone]

I see they crunched the numbers and saw the site would be a barren wasteland by November. One of the clearest self sabotage attempts I ever saw. Only Tumblr comes close.

 

[seifer546]

Well that was quick.

I guess the phrase 'Don't bite the hand that feeds' is quite appropriate.

 

[Selbors]

They have lost too much confidence with creators to trust them at this point. I doubt many will return now and the key word in their statement is "suspended" meaning, "for now". Why would anyone risk staying with no assurance?

 

[Throwaway1340]

How could any creator on their platform trust them after this entire shit show? And honestly the wording in that tweet would scare me if I was a creator who depended on income from my OF. It says "suspended" so who is to say in a few months they wont try and do the same thing? To me it just seems like they are trying to stop the PR nightmare and bleeding. Smart creators will still jump ship or run things on multiple platforms.

 

[esopo]

If anything, look forward to most creators being on multiple platforms now, and even showing preference for others, like Fansly. This was a wakeup call to a bunch of these girls who didn't think to diversify their source of income, which in the internet is kinda essential.

 

[He-man]

Normal service is resumed... guess you don’t kill the goose that lays golden eggs.