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Comment by dcolkitt | Hacker News Reader

What does this have to do with trust? Clearly the current users trust OnlyFans, and I doubt very many people are worried they’re going to disappear in the middle of the night and turn off the porn.

“Yeah I’ll throw $50 into this OnlyFans subscription, but only if I can get a chargeback if I’m not happy with the performer” said nobody ever.

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It's a stack, though. Sure, no sex work consumer ever said that[1], but their bank sure as hell did. Which is why they had a handy credit card in their pocket with which they were able to easily pay OnlyFans, who were able to easily receive the transaction. It's about TRUST. Banks and consumers and providers work together to come up with a framework where fraud is so difficult as to be largely a vanishing concern for routine transactions.

And that's what you need in the crypto world. It's not enough to have anonymity. It's just not. And that's why this hasn't been solved yet. Keep at it.

[1] Actually some did, who was the starlet that produced a giant chargeback flood a while back by promising nudity she didn't deliver? I'm not the expert but I remember the story.

The lack of charge back is really a small issue. I don't think it applies here. Crypto does solve this problem. Even if there's the lack of charge back, it still overcomes the censorship problem, which traditional systems do not. So do you want censorship + charge back? Or no censorship and no charge back? In this case, I think it's clearly the latter.

You're missing the point. "Chargeback" happens to be a mechanism that exists to promote trust in the market. Trust is the requirement, not mechanism. Right now no one uses crypto to send folks $20 a month for n00dz. Period. No one does this. Why?

Trust. Crypto providers don't trust they won't be hacked. Crypto consumers don't trust they aren't being scammed. There's no trust.

But their Visa card or OnlyFans account? Those they trust. Credit card billing has been around for decades and we all know it works.

Crypto needs to be like that. Address the Trust Problem. Stop fixating on anonymity.

The traditional banking mechanisms are designed to pull money from accounts. That requires a way to correct errors and fraud. If the only way to transact is for a verified account owner to push the money out, a chargeback isn't needed as much.

It's probably more like "I'll throw $50 into this OnlyFans subscription, but only if I can get a chargeback if it's actually just a bunch of cat pictures." There's a lot of scams on the internet, adult industry or no.

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