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Tuesday, June 19, 2018

Startup = sellout

Megan Fox covers the Stripe 180 on PJ Media:
Every time reports of conservatives being silenced on social media platforms come out, a large percentage of libertarians shout, "but private companies can serve whoever they want! Build your own platforms." It is a constant criticism of anyone saying that social media and Silicon Valley need regulation or that political viewpoints need protection under the law. But when marginalized voices create their own platforms, the puppet masters of Silicon Valley who control all the infrastructure shut them down.

Vox Day, a contributor at BitChute and popular author of SJWs Always Double Down, told PJM, "The denial of payment services on ideological grounds is a significant blow to the libertarian idea that private companies can be permitted to operate without government oversight." Day has significant experience being deplatformed on the major social media sites....

Stripe claimed in their notice of cancellation to Bitchute founder Ray Vahey that it was their "financial partners" who objected to Bitchute's business model. "We are politically neutral, and have many creators from across the political spectrum," Vahey told PJM. "Our site is still operational in terms of video streaming, but we have not been able to accept money since the Stripe termination," he explained. "They gave us only 5 days notice, even though our account was in good standing and we had not broken any of their rules or laws or even had any customer complaints."

The notice he received from Stripe was strange, filled with rambling excuses for termination with no specifics. Stripe employee "Gus" wrote:

Unfortunately, we won't be able to overturn our decision regarding your account. Our financial partners have some fairly strict limitations on the type of businesses we can work with, and sadly your business type falls into a category which our financial partners consider to be high-risk. I'm truly sorry about that... this is a restriction imposed upon us directly from our financial partners, who use have [sic] an archaic and frankly antiquated view of non-traditional businesses.

Stripe refuses to say who the "financial partners" are. PJM also reached out to Stripe but received no response.
This tends to indicate the situation is as I suspected. Stripe is looking to cash in, so they are doing whatever their investors and prospective buyers want them to do. Which, in this case, is shutting down the services that allow people to bypass both the ideological gatekeepers as well as the financial gatekeepers.

It's not an accident that they are attempting to shut down the crowdfunding sites, beginning with the alternative ones. That's primarily what this is about. Rest assured, they have their sights on Kickstarter and Indie-Go-Go too.

Labels: ,

62 Comments:

Blogger Nate June 19, 2018 8:06 AM  

This is the strategy of the Left. its their game. They've adapted Operation Chokepoint and are applying it to tech. Fine.

I've written up a counter strategy and will post it in the next couple of days on MOTW.


I think some of you will like it.

Blogger VD June 19, 2018 8:10 AM  

Nate, crucifixions and burnings at the stake are not the answer to EVERYTHING.

Blogger CoolHand June 19, 2018 8:16 AM  

@2 But we won't know for sure until it's been tried.

Blogger Ransom Smith June 19, 2018 8:22 AM  

Tar and trebuchets.
That's what else is needed .

Blogger Looking Glass June 19, 2018 8:32 AM  

For me, the real insight came when SoundCloud ran into trouble. How does a platform that probably requires a staff of less than 50 have over 500 employees? Digging into that disaster explains the actual purpose of the SV model, why it's allowed to remain (it's somewhere between Usury & Fraud, with a dash of Anti-Competitive actions), and why Venture-funded companies will need to be rigorously avoided.

Once a company starts taking VC money, they're stuck within the "Silicon Valley Network". A Network that exists solely to provide the US Federal Government with technology. That's why all of the Alt-Tech companies are running into issues at every turn. They are very much viewed as a threat by the people that would normally be looking to back such ventures.

However, Stripe is a FinTech firm, and US Financial Regulations are 1000s of pages deep. If a bunch of those hit weren't in the "boot-strap startup" realm, there's a few approaches to crucify Stripe within the rules, though that needs a really close reading of exactly the way Stripe is currently regulated.

VD wrote:Nate, crucifixions and burnings at the stake are not the answer to EVERYTHING.

No one has tried "real" Inquisition yet, so no one can possibly know if it won't work.


@4 Ransom Smith

We should really think about funding an "Automatic Trebuchet" design contest. Something like 150 kg/300 lbs payload for 333m/1000ft range, with a 20s reload speed, and an endurance of several hours. We can fund a "Trebuchet Auto-loader" design separately.

Blogger TheMaleRei June 19, 2018 8:33 AM  

Vlad the Impaler had a good thing going...

Blogger Jeff aka Orville June 19, 2018 8:33 AM  

When fighting for existence, toss out the ideology. We need our own SPLC, NAAPC, or whatever, and lawfare them to death on the public utility angle.

Blogger Coral reef June 19, 2018 8:35 AM  

@2
And yet, there was no 4TH servile war.

Blogger Ominous Cowherd June 19, 2018 8:46 AM  

VD wrote:Nate, crucifixions and burnings at the stake are not the answer to EVERYTHING.

That's right! We must leave room for drawing and quartering, and impalement! ;)

Blogger Miguel June 19, 2018 8:47 AM  

Trump using Twitter to smite globalists is something the Powers That Be cant handle.

What if another anti-globalist Christian white alfa uses another platform to gain suporters? Thats s globalist hell.

"Shut it down" is their best answer.

Blogger The Kurgan June 19, 2018 8:50 AM  

Nate, crucifixions and burnings at the stake are not the answer to EVERYTHING.

I stand with Nate

Blogger doug whiddon June 19, 2018 8:53 AM  

I hope Bitchut has a good lawyer. stripe is less likely to ignore a subpoena.

Blogger The Kurgan June 19, 2018 8:54 AM  

AKSHUALLY... the holy inquisition only burned a few hundred people at the stake and Christendom flourished for a few hundred years.
Now if extrapolate, i for one would be perfectly happy to start with 10,000 burnings at the stake a day and see where we are after a year.

Blogger VD June 19, 2018 9:08 AM  

i for one would be perfectly happy to start with 10,000 burnings at the stake a day and see where we are after a year.

You are a true gentleman of grace and mercy.

Blogger TM Lutas June 19, 2018 9:08 AM  

The finance system in the US has a number of very vulnerable points. This has been clear for some time now.

The easiest and most glaring point of vulnerability is a simple observation.

Institutions that are too big to fail are, by definition, underinsured. If they *could* be insured properly, they wouldn't pose an uncovered systemic risk and thus would not be too big to fail.

A large portion of the all of these institutions book of business is with institutions that have rules precluding them from dealing with vendors that are underinsured.

Noticing this loudly, publicly, is a nice, libertarian style move that is protected by core free speech and suppressing it would be easily categorized as pro-fraud and politically troubling.

Strangely, nobody seems to be interested in professionally pursuing this angle and very likely the door will be closing personally on me doing it relatively safely as I'm on the road to becoming a regulated person in a cryptocurrency financial startup.

Blogger Dire Badger June 19, 2018 9:09 AM  

Did you ever feel like there just weren't enough Trees or rope?

Blogger exfarmkid June 19, 2018 9:13 AM  

"Did you ever feel like there just weren't enough Trees or rope?"

No, just not enough collective will to utilize them.

Blogger Ken Prescott June 19, 2018 9:23 AM  

Nate, crucifixions and burnings at the stake are not the answer to EVERYTHING.

Which is why The Great Ascended Master Igor Sikorsky (PBUH) was Divinely inspired to invent the helicopter.

Blogger ace June 19, 2018 9:23 AM  

I had a business idea for a company that would set up small wooden structures, sell rope, and tie exotic knots on demand. A lot of angry mobs lack this kind of experience.

Blogger Mark Stoval June 19, 2018 9:25 AM  

"Nate, crucifixions and burnings at the stake are not the answer to EVERYTHING."

I have come to the conclusion that only a real civil war can save the USA. I had long hoped (Since the 80s) that we would see various states leave the Union peacefully and the Empire would return to the idea of representative republics. I don't think that is going to happen.

I had long hoped that California would be the first to leave the Union and that everyone would help them pack their bags. Now the bastards want to be 3 states, each with millions of invaders voting 3 or 4 times each election. Blah.

I now think that Nate's way may be the only way. The far left and the far right can not communicate and only violence will bring peace. (I am not filled with joy over this conclusion mind you)

Anonymous Anonymous June 19, 2018 9:38 AM  

If national socialists are counted among the "fake right"... surely we can also classify (((libertarians))) as such.

Blogger Salt June 19, 2018 9:38 AM  

It's not an accident that they are attempting to shut down the crowdfunding sites, beginning with the alternative ones. That's primarily what this is about.

That makes it predatory.

Blogger Lazarus June 19, 2018 9:41 AM  

A California judge has ruled that social media giant Twitter can be sued for falsely advertising free speech. As Bloomberg reports, the judge said that Twitter’s policy of banning users “at any time, for any reason or for no reason” may constitute an “unconscionable contract” for a company which advertises free speech.

https://www.zerohedge.com/news/2018-06-19/cali-judge-rules-twitter-can-be-sued-falsely-advertising-they-allow-free-speech

Blogger Some Guy June 19, 2018 10:02 AM  

But it is a fun answer to a lot of things!

Blogger Ominous Cowherd June 19, 2018 10:04 AM  

The Kurgan wrote:Now if extrapolate, i for one would be perfectly happy to start with 10,000 burnings at the stake a day and see where we are after a year.

Only 3.65 million, right? I'd say we'd be well short of a solution.

Blogger Snidely Whiplash June 19, 2018 10:23 AM  

I'd put even money this is simply Google looking to control the environment without even putting the money up. Come round to Stripe, make noises about buying them out, ask for a few concessions and suddenly the people you don't like are shut down. Including, you may note, at least one competitor that is starting to pick up market share.

Blogger The Smoking Man #3424 June 19, 2018 10:23 AM  

I have been meaning to start a lamp post manufacturing company...

Blogger Mr Darcy June 19, 2018 10:38 AM  

Training! Training is the answer! Just ask the FBI if you don't believe me.

Blogger Pierre Truc June 19, 2018 10:45 AM  

VD wrote:crucifixions and burnings at the stake are not the answer to EVERYTHING.

True, sometimes you also need to chop off heads and stick'em on spikes...

Blogger Long Live The West June 19, 2018 10:46 AM  

"Only 3.65 million, right? I'd say we'd be well short of a solution."

If you do it publicly you'll have ten times that number flee the country.

Sacrifice a few for the enlightenment of many.

Blogger wreckage June 19, 2018 10:57 AM  

Of course credit companies want crowdfunding gone. It's wrecking their little game of having the entire economy run on credit, which gets them an utterly undeserved slice of at least 10%, and there is no upper limit, of every single business and transaction.

A lot of people don't realize how much of a threat that is, or to how much "old money".

Blogger wreckage June 19, 2018 11:01 AM  

10% is the cheap end of consumer credit, 30% is the cheap end of business finance, and 100-1 is the VC model.

Blogger Lord Pork June 19, 2018 11:02 AM  

A secondary benefit is that this move might be a jump start to herd people into crypto currencies which are becoming the nwo digital currency.

Blogger Lord Pork June 19, 2018 11:06 AM  

A secondary benefit is that this move might be a jump start to herd people into crypto currencies which are becoming the nwo digital currency.

Blogger RM Chris June 19, 2018 11:17 AM  

Agreed.
America is at least tolerant to a fault.

Blogger VD June 19, 2018 12:04 PM  

Stripe update: just hang tight, everyone. I am reliably informed that a solution should be in place within a week or so.

Blogger Nate73 June 19, 2018 12:10 PM  

Isn't it true that most of these sv startups are designed from the beginning to be sold to bigger companies? And if it's not the founders looking to cash in but the investors then what can you do?

Blogger Ron Winkleheimer June 19, 2018 12:15 PM  

I'm actually surprised its taken them this long. Crowd funding is a direct assault on "The Golden Rule." "He who has the gold makes the rules."

Blogger Owen June 19, 2018 12:20 PM  

Yeah social media companies can do whatever they want but Christian bakeries must be forced to serve gays

Blogger Gen. Kong June 19, 2018 12:38 PM  

Jeff aka Orville wrote:

When fighting for existence, toss out the ideology. We need our own SPLC, NAAPC, or whatever, and lawfare them to death on the public utility angle.

Your strategy is flawed because it pre-supposes the existence of something resembling a rule of law, which has not existed in the Banana Empire for quite a few years. If you think the cake decision recently written by Anthony Kennedy represents some sort of return to such, Brother Nathanael from the Borscht Belt spills the gefeltefisch on what it really means.

Blogger Gen. Kong June 19, 2018 12:42 PM  

The Smoking Man #3424 wrote:

I have been meaning to start a lamp post manufacturing company...

Didn't Housenigga Hussein's edumacayshun dept. or some other bloated federal agency buy a couple of thousand guillotines a few years ago? Why not just use those?

Blogger Snidely Whiplash June 19, 2018 12:42 PM  

Nate73 wrote:Isn't it true that most of these sv startups are designed from the beginning to be sold to bigger companies? And if it's not the founders looking to cash in but the investors then what can you do?
Find a partner that's not a VC-funded startup.

Blogger Lovekraft June 19, 2018 12:54 PM  

"Family-friendly" has the feminist stench to it - vague, appealing to emotion, unverifiable and if one opposes it, then you're against women/children.

All part of the left (which has hated the nuclear family for decades) strategy of trying to guilt-trip the lower and middle-class female vote for the 2020 election.

Blogger tuberman June 19, 2018 12:55 PM  

41. Gen. Kong

I believe that was Bill Clinton, and over 5000, but they were shipped to the Middle East or North Africa.

Blogger justaguy June 19, 2018 1:04 PM  

Many but not all of these internet companies are operating under the freedom from lawsuit granting by Congress who heard/thought/presupposed that they were neutral towards content. Others such as payment sites have some similar Congressional mandated exceptions. Of course Congress being split between the extreme libs, the power hungry and those who are "conservative" will not be able to change this.

Blogger seeingsights June 19, 2018 1:26 PM  

Jared Taylor's suit against Twitter was mentioned.
Years ago, I wrote a negative review on Amazon of the book Arming America. It's was an anti gun rights book. The book has severe problems e.g. made up sources. The author was forced out of his academic position.
My (and others) negative review was more difficult to find and I considered suing Amazon for violating laws concerning commerce. For example, a customer's judgment would be skewed. I think it's an interesting and winnable argument. But Amazon corrected the issue and I did not sue. Probably the hiding of reviews was done by a low level employee, similar to Vox Day's experience.

Blogger wahr01 June 19, 2018 1:50 PM  

@45

The specific law in question is CDA section 230, which stipulates its applicability only to sites which demonstrate sufficient neutrality to their content.

At this point all it would take to "gawker" sites like twitter or facebook is for someone with deep pockets like Palmer Luckey to sue the site for defamation posted by their users and present the now substantial case that they are no longer a neutral platform and are in fact endorsing these views while suppressing others.

Just one such case would be effective, I think, in ending these practices, because the USA is simply richer and more powerful than the EU, and he who has the gold, makes the rules.

In this case, however, they're a payment processor, and subject to banking regs. A good lawyer would not require Unrah to dig up numerous violations. Lefties wrote those rules in "neutral" language to benefit their interest groups, but now that language will come to bite them in their posterior.. but only if you're willing to fight it up to the conservative-dominated higher courts.

Blogger lowell houser June 19, 2018 2:11 PM  

"13. The Kurgan June 19, 2018 8:54 AM

AKSHUALLY... the holy inquisition only burned a few hundred people at the stake and Christendom flourished for a few hundred years.
Now if extrapolate, i for one would be perfectly happy to start with 10,000 burnings at the stake a day and see where we are after a year."


Dude, smog much?

Much better. An adaptation of the death flight - load up a bunch into a C130, chain each to a cinder block, and in honor Professor Bike Lock they should be attached in sequence with bike-lock cables. Then after they are over suitably deep water, open the cargo doors, push the first guy out and let them drag each other down.

Blogger Noah B The Savage Gardener June 19, 2018 2:40 PM  

If your labor is worth anything at all, then at current prices .22LR is a fantastic bargain.

Blogger Wolfman at Large June 19, 2018 3:23 PM  

@49 A cryptocurrency redeemable in .22LR?

Blogger Dirk Manly June 19, 2018 3:57 PM  

A cryptocurrency is reedemable in whatever you and another person can agree on.

ALL trade is barter. Currency merely abstracts one half of the transaction.

Blogger Dirk Manly June 19, 2018 3:57 PM  

Trading one currency for another abstracts BOTH sides of the transaction.

Blogger TM Lutas June 19, 2018 4:16 PM  

If you are in the US, it might be a good time to read up on the 2012 JOBS act, specifically regulation CF. It's not good for raising VC levels of cash but an awful lot of businesses can get by on its fundraising limits of $1M every 12 months.

Blogger DonReynolds June 19, 2018 5:49 PM  

The Leftists could have saved themselves a bit of grief, had they been explicit from the beginning that they intended to make their "online business" into a private club for people who share the same Leftist politics. They could have made Leftist ideas the litmus test of everyone and anyone who visited their site or wanted to comment or even wanted to comment elsewhere.

But they did not do that. They wanted to make money and they did not mind making money off of people they disliked or did not agree with. They opened their forums and services to everyone and even claimed they supported Free Speech (except when they did not).

Now that their brands are well-established and they have tons of traffic and gobs of money, it is time for the Night of the Long Knives. Off come the masks and any pretense of being willing to tolerate those who are not our political allies.

So the question becomes....How should the government deal with consumer fraud? (That is what we have here. Market one thing and deliver another. Bait and switch.)

Granted, in the business world, your dependence on a supplier does not create an obligation on their part to continue to be your supplier. Sales Contracts that tie you to a supplier normally have assurances regarding prices and availability. Just nailing down the deal in advance, so nobody gets abused. But in the absence of any long-term contracts, they are free to buy from any other seller. There may be a disagreement or price differential or delivery issue or credit or simply a disagreement over liking strawberries. No disagreement is actually necessary.

But boycotting a customer over politics is actually an infinite regress. If you drop everyone who is conservative from your customer list, you may have difficulty getting copier paper, your own bookkeeper may drop you as a client, the cop that patrols your street may not let you slide on parking, and your IT consultant may slow-walk the next time you have a problem in the call center.

Everybody sells to everybody, just like everybody buys from everybody. That is how capitalism works (except when it doesn't).

Blogger stevo June 19, 2018 6:18 PM  

How hard would it be to start a version of patreon (for example) to serve poltically incorrect clients?

Blogger Autumn Millennial June 19, 2018 6:58 PM  

What a coincidence! I've been looking to change careers in order to do something that truly matters.

Blogger VD June 19, 2018 7:48 PM  

How hard would it be to start a version of patreon (for example) to serve poltically incorrect clients?

You're missing the point. The site is easy. The payment processing is the bottleneck. You'd run right into the same problem that Freestartr, MakerSupport, and Bitchute have.

Blogger Randomatos June 19, 2018 10:22 PM  

Hear hear!

Blogger justaguy June 19, 2018 10:52 PM  

# 47: I haven't looked hard at the law and the neutrality-- but the main deterrent is the evasion of liability to copyright statutory damages. Ideally one could sue for damages against every copy based on the fact the the pipe provider is no longer content neutral... large amounts-- Currently there is an out if certain actions/ attempts are made. If content neutrality was directly linked to the safe haven then things would change but I thought that this would take a few wording changes in the law.

Blogger John Morris June 19, 2018 10:57 PM  

Everybody seems to be dancing around the core issue. Whether it is because nobody wants to "go there" or because they don't know yet is the question. Building a payment processor isn't rocket science. All it requires is a relationship with a bank and some lawyers to make sure you do everything according to Hoyle. Normally "replace em" is the instant response to people being booted for their ideas, conspicuous silence here.

Is it possible to replace Paypal / Stripe? Meaning is the blockage in Silicon Valley or Wall Street? Has the banhammer come down and no FDIC bank will be allowed to handle the traffic for "wrongthinkers" and nobody connected to Visa / MC / AMEX will allow transactions across their networks for those in the "legion of the damned"?

Because it is hard to ignore the disturbing fact that sites like coinbase are also banning almost the same subset of people from converting cash into crypto.

Blogger CoolHand June 20, 2018 12:54 AM  

If you want out of cash, the only safe option is physical precious metals or other barterable goods (ammo, weapons, parts, tools, storage food, other non-perishable supplies, etc).

Crypto has always been a poor choice for people wanting to maintain access to their money but get out of the banking system.

It puzzles me that so few (normally very smart and savvy) people see the problems with it.

Blogger VD June 20, 2018 4:13 AM  

Meaning is the blockage in Silicon Valley or Wall Street? Has the banhammer come down and no FDIC bank will be allowed to handle the traffic for "wrongthinkers" and nobody connected to Visa / MC / AMEX will allow transactions across their networks for those in the "legion of the damned"?

It's the financial regulators in the Federal government. They have the banks intimidated via Operation Chokepoint. That's why "high-risk" is the kill word.

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