That seems pretty sketchy if the main thing Mastercard and VISA are doing is ensuring age verification is being done.
PH didn't decide "we are only gonna accept crypto so we can circumvent the system" it was a position forced upon them as a punishment for their shitty behavior. Now they are trying very hard to moderate effectively in order to win back the good graces of the payment processors because they are probably going to eventually go bankrupt if they don't.
the post claimed that Pornhub has been targeted because of their industry.
i have never verified the veracity of these claims, but they seem plausible
Facebook is also orders of magnitude larger and has to deal with content that blurs the line between legal and illegal. It's a significantly more difficult task.
All of Pornhub's content blurs the line between legal and illegal, depending on the jurisdiction. Every single piece of content they deal with.
That's a pretty freaking blurry line.
From what I can tell they actually do more than anyone can expect.
Its a forced position because PH very much wanted to continue to accept credit cards, which I suspect was where 99% of their income was from. However, the payment processors blacklisted them so they can't.
Wife catches a weird pornhub charge on your monthly statement? Whoops! Those hackers are at it again. Call it fraud and charge it off.
The high cc processing rate accommodates the increased risk.
Btc solves this as no chargeback is possible.
It also doesn't explain why porn actors routinely find their checking accounts closed out on them, or they get blacklisted entirely.
It has nothing to do with risk, and everything to do with Christian fundamentalists in the banking industry exploiting their positions in industries we need, to force their morals on others.