It’s kinda impossible to regulate technically.
No it’s not.
Comment on Itch.io is delisting NSFW games due to pressure from payment processors
hisao@ani.social 2 days agoLike folks here have said, accepting crypto payments might help, but who knows how soon that is going to get regulated.
It’s kinda impossible to regulate technically. That’s the whole point of crypto. Or do you mean that the company itself might be legally prohibited to accept crypto by their local law? That’s possible I think. I guess we’re slowly but steadily approaching the demand to have actual darknet fully-crypto gaming platform operated by anonymous team.
prole@lemmy.blahaj.zone 2 days ago
hisao@ani.social 2 days ago
Elaborate please.
_cryptagion@lemmy.dbzer0.com 2 days ago
They don’t need to, crypto is already heavily regulated. If you’ve been alive at all in the past decade, you know this.
ipitco@lemmybefree.net 2 days ago
Except Monero and a few exceptions, AML and KYC checks are everywhere. Tainted coins and shit.
Crypto goes somewhere that they don’t like? Crypto is seized when it reaches an exchange and they ask for ID and source of funds
hisao@ani.social 2 days ago
Crypto goes somewhere that they don’t like? Crypto is seized when it reaches an exchange and they ask for ID and source of funds
I don’t understand. Lets say I have a normal bank card, I paid taxes for all the money I got there. Sometimes I buy crypto using p2p on some platform using this card. I trade this crypto with some other crypto on the same platform. Periodically I send crypto to my personal wallet from there. From my personal wallet I buy porn games for example. At which point someone comes in and seizes anything?
prole@lemmy.blahaj.zone 2 days ago
Nearly every cryptocurrency (aside from like Monero), are literal open, transparent ledgers that anyone can view and analyze.
It’s not anonymous at all.
hisao@ani.social 2 days ago
Look, when you use some platform with KYC, they indeed can tie that id information you give them to your internal addresses you use on the same platform. But the moment you send it to your external wallet that link is lost. They can see the transaction but they don’t know and can’t check if that destination address belongs to you, or it’s a person who sold you something, or it’s your friend/relative, or someone you donated to, etc.
seralth@lemmy.world 2 days ago
hisao@ani.social 2 days ago
Making crypto backed by more and more things (like games) makes staying within its ecosystem more comfortable in the long run.
Yeah, but there are already tons of widely-known legal services everybody uses like Coinbase, Binance, etc, which make it easy to P2P from card to crypto and it’s impossible to control money flows after it turns into crypto, which means controlling how people spend their money like this would be impossible. But yeah, regarding big players like Steam adopting crypto and converting into/from real money on large scale - and what payment processors can do about this if they are pissed off - this is something I have no idea about. But people like Elon Musk probably do this a lot with incredible volumes of money.