They stopped being able to process credit cards because Mastercard and VISA cut them off when there was a public outcry about PH doing such a shitty job of moderating illegal content that everyone got the impression they were supporting it.
PH didn't decide "we are only gonna accept crypto so we can circumvent the system" it was a position forced upon them as a punishment for their shitty behavior. Now they are trying very hard to moderate effectively in order to win back the good graces of the payment processors because they are probably going to eventually go bankrupt if they don't.
Pornhub had a large blogpost claiming that thye are better at filtering illegal content than facebook, and that the latter has many times greater problems with illegal content.
the post claimed that Pornhub has been targeted because of their industry.
i have never verified the veracity of these claims, but they seem plausible
> Pornhub had a large blogpost claiming that thye are better at filtering illegal content than facebook, and that the latter has many times greater problems with illegal content
Facebook is also orders of magnitude larger and has to deal with content that blurs the line between legal and illegal. It's a significantly more difficult task.
They removed every single video they don't have a consent form for. You have to upload a consent form for every person in your video. Signing up to Pornhub as a model completely verifies your age.
From what I can tell they actually do more than anyone can expect.
I might not understand your question. I'm not saying the payment processors were wrong to blacklist them. PH was being genuinely scummy.
Its a forced position because PH very much wanted to continue to accept credit cards, which I suspect was where 99% of their income was from. However, the payment processors blacklisted them so they can't.
PH didn't decide "we are only gonna accept crypto so we can circumvent the system" it was a position forced upon them as a punishment for their shitty behavior. Now they are trying very hard to moderate effectively in order to win back the good graces of the payment processors because they are probably going to eventually go bankrupt if they don't.