Ofcom will force payment processors and ISPs to stop doing business with you | Hacker News Reader

Ofcom will force payment processors and ISPs to stop doing business with you

bsky.app

32 pointsperihelions11 comments

On other thread people trying to sell me the idea "The internet will interpret ID checks as damage and route around it", see https://news.ycombinator.com/item?id=44814554

While in practice 'developed' countries are doubling down on censorship and de-banking.

Rome wasn't built in a day.

Proton have already gotten a 2000% increase in VPN customers following the Online Safety Act being passed,[1] and we haven't even gotten to the point of Ofcom heavily enforcing this yet. It hasn't even been a month. Governments haven't gotten to see how ineffective their enforcement will be yet, since barely any time has passed.

[1]https://www.uktech.news/cybersecurity/proton-vpn-uk-online-s...

Republicans aim to find out just how small a government they need to be third world capable.

What has Ofcom go to do with American Republicans

This would only apply to businesses in the UK though? Not sure how Ofcom could pursuade a foreign based processor to shut down a legitimate businesses processing within their own jurisdiction, not the UK

"Not sure how Ofcom could pursuade a foreign based processor"

- wasn't it an Australia based (small religious?) organization that persuaded payments processors to block games and content in the US and UK and elsewhere?

If they somehow did that to a US company, I think that would immediately invite the scrutiny of the US government.

I think that is an understatement!

People should abolish banks; they contribute nothing good to society and are a literal Ponzi scheme, creating credit that has inflated the prices of everything, including the housing market. It's crazy how banks are taken for granted too. When was the last time you were offered to get paid in cash as an option as an employee (not some local gig you do)? Why do only two private companies (Visa/MasterCard) control payments online and offline, mostly worldwide too?

If you abolish banks people would recreate them as they serve many purposes (see crypto’s inadvertent trend towards reinventing banking).

They might recreate them but it will be real banks up to their names, which is a concept that has been around for thousands of years where banks stored gold and grains, for example. Modern banking, however, was only created in the 1600s by giving receipts for the gold they held, but the money creation from lending (aka credit and making money from loans beyond deposits) only happened in the 1800s. Yet, it was still controllable until 1933 when the gold standard ended in the US and 1971 internationally, where money now is literally paper backed by no real value but rather credit and trust, so the whole concept of credit creation out of nothing is very modern, and that should be abolished for the sake of sustaining the society.

Reply on news.ycombinator.com