It’s kinda scary how finance and payment processing companies can just destroy a company and a whole bunch of people’s livelihoods by themselves just because they decide they don’t like what they sell, and have no oversight whatsoever preventing them from doing this.

52 points

Tinfoil hat time: giant capital wants more labor doing menial jobs rather than making enough to not need a minimum wage job because of OF and are willing to tear down what they’re invested in to do so. They won’t stop shutting up about the “labor shortage” as is.

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44 points

I absolutely think there’s an element to this. We see OnlyFans and think of the people on our lives who have turned to it as a source of income. Rich fucks see OnlyFans and think of the article they read about how many workers are supposedly quitting their jobs to pursue sex work

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32 points

Everyone’s doing OF instead of working at Wendy’s so we have to kill it

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30 points

I’ve read the average OF creator only makes like $200. I love a conspiracy as much as anyone but idk if that’s what’s going on here.

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22 points
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5 points

90% of people made an OF and then abandoned it, driving down the average. For the remainder, it’s a real job for half of them. I’d say sex work represents a significant abdication from the traditional labor market.

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15 points

Correct. Texas and other states are raising minimum age to work in strip clubs from 18 to 21.

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Eh, I’m pretty sure the population of people not hot enough to make it only OnlyFans is big enough to keep capital supplied with labor.

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Same thing happened with weed shops in California after it became legal (and is still happening). You have to pay in cash. You can use cards but they charge you an ATM fee and give you change back from the nearest $5 interval.

All because finance institutions don’t want to touch those transactions.

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27 points
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19 points
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Yeah, OP has a very good point, but a lot of private sector decisions like this are partly (and in some cases, mostly) driven by the risk of operating in legal grey areas. It’s the same process by which sanctions that technically allow food, medicine, etc. have the practical effect of choking those things off (banks don’t want to run the risk of financing something that falls outside what’s legal and getting assets frozen/seized).

Of course there’s plenty to be said about the massive influence private companies have in writing laws in the first place, what laws the government chooses to enforce, and what laws private companies choose to flout.

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11 points

There’s a reason banks have giant departments dedicated just to compliance and internal audits. It’s certainly not out of the goodness of their hearts

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7 points

There’s a 0.0% of the Feds seizing a major bank’s funds because it’s from weed sales. They don’t do it because the bank owners also don’t want weed to be legal - Capitalist class solidarity.

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37 points
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26 points

It’s not a lot, but it’s weird it happened twice

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27 points

Won’t be the last time it’ll happen either. Sex workers building up institutional power is very disruptive and tends to put power the hands of The Wrong People

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protestant moralism manifesting in capital is as american as apple pie

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4 points
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Cryptocurrency is unironically is a stop gap for this issue (and it also helps the whole “US sanctions” thing), but of course it’s Bad because it’s evil nerds making money.

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