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by Kye
1348 days ago
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The US has complicated state-by-state rules for who has to pay sales taxes and when. Other places seem to mostly have something like VAT with varying rules. One benefit of Patreon is they handle all this for you. One of McAfee's last scams before he died was pushing a "crypto-based social network" that was just a poorly reskinned Mastodon called Hiveway.[0] It was 100% BS and didn't even bother to turn off federation. Hilarity ensued. There's nothing stopping someone from legitimately adding crypto support to it. [0] https://twitter.com/officialmcafee/status/970280557887270912 |
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Yeah, you could do it with regular payment processors as well, but with crypto you could not only avoid the fees from micropayments (layer-2 solutions already exist and allow fast and cheap transfers) but most importantly you could run these instances without dealing with bureaucracy. No taxman will come after you because you are getting a few hundred bucks per month.