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   Etienne / Tek (tek@todon.eu)'s status on Thursday, 10-Aug-2023 13:46:21 JST Etienne / Tek

   Sex Workers Took Refuge in Crypto. Now It’s Failing Them.
   Banks and payments companies have long penalized sex workers. Many thought crypto would be a solution, but now exchanges are dumping them too.
   https://www.wired.com/story/sex-workers-crypto-failing-them/

   • Haelwenn /элвэн/ :triskell: likes this.
   • Haelwenn /элвэн/ :triskell: repeated this.
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     Etienne / Tek (tek@todon.eu)'s status on Thursday, 10-Aug-2023 13:46:20 JST Etienne / Tek

     in reply to

     Key quote "The whole ‘crypto is permissionless and censorship-resistant’ thing is a bunch of bullshit.”

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     Haelwenn /элвэн/ :triskell: (lanodan@queer.hacktivis.me)'s status on Thursday, 10-Aug-2023 16:15:19 JST Haelwenn /элвэн/ :triskell:

     in reply to
     @tek exchanges are just banks after all.
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     Haelwenn /элвэн/ :triskell: (lanodan@queer.hacktivis.me)'s status on Thursday, 10-Aug-2023 21:34:17 JST Haelwenn /элвэн/ :triskell:

     in reply to

     • rysertio
     @rysertio @tek localcrypto?
     
     If I'm going to use geo-based money it's going to be cash.
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     rysertio (rysertio@social.xenofem.me)'s status on Thursday, 10-Aug-2023 21:34:22 JST rysertio

     in reply to

     • Haelwenn /элвэн/ :triskell:
     @lanodan @tek localcryptos are a good p2p exchange. But you have to trust your buyer
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     Erin 💽 (erincandescent@queer.af)'s status on Thursday, 10-Aug-2023 22:22:26 JST Erin 💽

     in reply to

     • Haelwenn /элвэн/ :triskell:
     • rysertio

     @rysertio @lanodan @tek My experience from working in a bank is that for obvious reasons P2P cryptocurrency exchanges are hubs for fraudsters, and there were a lot of people who became very sad when they converted their cryptocurrency to real money only for it to promptly be seized because their counterparty was a fraudster and the funds were a proceed of crime (that they just helped money launder)

     Haelwenn /элвэн/ :triskell: likes this.
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     rysertio (rysertio@social.xenofem.me)'s status on Thursday, 10-Aug-2023 22:22:27 JST rysertio

     in reply to

     • Haelwenn /элвэн/ :triskell:
     @lanodan @tek they allow you to buy and sell crypto using cash from someone. Then you can send the crypto to another part of the world.
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     feld (feld@bikeshed.party)'s status on Friday, 11-Aug-2023 05:46:05 JST feld

     in reply to
     OF doesn't use crypto because the tax situation is balls, but paying people with traditional rails is still much harder than with crypto.
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     Haelwenn /элвэн/ :triskell: (lanodan@queer.hacktivis.me)'s status on Friday, 11-Aug-2023 09:30:49 JST Haelwenn /элвэн/ :triskell:

     in reply to

     • Erin 💽
     • LisPi
     • rysertio
     @lispi314 @erincandescent @rysertio @tek AFAIK even for cash you can end up with your money seized due to it originating from fraudsters.
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     LisPi (lispi314@mastodon.top)'s status on Friday, 11-Aug-2023 09:30:50 JST LisPi

     in reply to

     • Haelwenn /элвэн/ :triskell:
     • Erin 💽
     • rysertio

     @erincandescent @rysertio @lanodan @tek > only for it to promptly be seized because their counterparty was a fraudster and the funds were a proceed of crime (that they just helped money launder)
     Isn't that mainly a problem for those that provide no anonymization whatsoever (which yes is most of them save for like... 3 privacy coins)?