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scyclow | 7 months ago

There are a lot of people mentioning crypto as a possible solution to this, and a lot of people responding that crypto is a ponzi scheme, and they're not interested. But congress recently passed stablecoin legislation that could possibly fix this problem. Recipients would have a straightforward way of receiving money, and they wouldn't need to gamble on the price of bitcoin. Most people would probably still use a third part payment processor to handle the rough edges of managing money on the blockchain. But if any of them try to pull something like this it would be incredibly easy spin up a new processor and migrate accounts.

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nurumaik|7 months ago

All stablecoins (at least popular ones) has the same underlying problem -- it's regulated and controlling entity can freeze any funds because it wants so

scyclow|7 months ago

Yeah, but so can PayPal and Visa and Mastercard. The issue here is that payments is essentially a duopoly. Itch doesn't have any alternatives because they're locked into traditional payment rails. Stablecoins at least let someone else decide "Hey, you know what, I'm going to create a coin that can be used as payment for porn games." And executing on that is fairly straightforward.