Pornhub was cut off for failing to police child pornography. Why would you want to participate in a financial system that was incapable of excluding evildoers?
https://www.thelocal.ch/20150208/hsbc-swiss-bank-helped-terr...
https://www.swissinfo.ch/eng/business/how-the--war-on-terror...
https://www.theguardian.com/world/2011/apr/03/us-bank-mexico...
Let’s also ignore all the shadiness that the Russian Oligarchs, oil shieks, Bibi, Berlosconi all seem to engage in and yet seemingly have no limit to the financial systems. The belief that our financial system excludes evildoers is a nice fantasy that I haven’t seen be rooted in reality.
And justice system has teeth because PH is a proper company participating in a financial system. Good luck stopping a criminal in another country profiting from crime by accepting bitcoin
No other position is cohesive.
If you do not do evil, then you have nothing to fear. If you have something to fear despite doing no evil, let's fix the government. This is a human problem and won't be solved with tech.
(And again, it was pretty clear to anyone that there was wrongdoing in this case and PH was going to get sued. I do think it should have been sued anyway, that it was not may have to do with victims not willing to come forward given sensitive nature of the crime, general disinclination of people to deal with dirt, or a good content cleanup job.)
So - if I have to fear being being shutoff from the financial system by private actors who dislike me, despite not having been convicted of a crime, a law to ensure my right to be served.
Interesting choice of examples: the FBI found bitcoin to be very helpful in exactly that context since it gave hard evidence linking criminals together.
https://www.wired.com/story/tracers-in-the-dark-welcome-to-v...
This idea that police agencies haven’t figured out how to talk with their colleagues in other countries is oddly anachronistic given that we have examples going back to before the turn of the previous century.
But good point, with cryptocurrency the internet would obviously have to become capable of excluding evildoers.
And the solution they were pushed into was extreme overkill.
Either way, I don't want a financial system to punish a Canadian company for breaking the law, I want the government to do it.
In fact, Facebook has been consistently reporting millions of videos even before PH got heat. Any platform that hosts images or videos has this problem, but with all its shenanigans FB has been among the best at identifying and removing the content. It is ridiculous to blame them for actually doing the right thing, which includes reporting found CSAM. Microsoft with Bing done markedly worse. PH pre-2021, obviously, too (and the bar is higher since it distributed this content for actual profit).
This is all public information.
And Bing doesn't host things.
> host
If it's findable on Bing with previews and all, Bing has ingested the content at some point.
In some cases it's justified to get all technicalities fully clarified before taking an action, otherwise we'd be wondering and litigating whether PH did something wrong.