this post was submitted on 31 Dec 2024
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Maybe we’re overthinking this.
What if it was a front-end for, like, Google or Apple Pay, PayPal, and other centralized financial services?
So basically, the “Fediverse” part is the account, UI, integration with other Fediverse apps, but ultimately it does not hold any financial information or perform any transactions. All it does is conveniently connect donors to creators better, and more flexibly, than a bare “here’s my PayPal’ link.
There is a long list of things those payment services will not do, and reliance on any of them makes a federated service a polite fiction, forcing each set of server admins to enforce and ban many things on the possibility it could shut them down .
It can only work with untraceable crypto, and even then we are back to the illegal market strategy, and why those markets are in the dark web, with most of them doing exit scams