a financial institution that would process payments for anything legal

find some S&L in some dead rustbelt town

and buy it

or do a deal with them

it would probably need to be private

You sound like there aren't tons of guys who are working on it as we speak :]

privately owned i mean

because shareholders would be risk-averse and demand you cowtow to authoritarians to avoid risk

if you have the bank, what is the point in all the blockchain overhead?

yeah that's kind of my point. the blockchain stuff might have uses, but the fundamental problem is you need a friendly bank that won't put up with shit from SJWs in order to fund anything.

the bank has to come first.

you could find a bank

hypothetically there could be a privately owned bank that would get involved in this. some small institution for high-risk businesses, like porn, guns, tobacco, etc.

I'll be awaiting paradigm's solution with baited breath.

I am not working on payments

I think the single solution approach for payments is stupid

but finding it won't be easy because these institutions don't advertise and still exist to make money.

Meanwhile, there are a number of crypto solutions which are just around the corner. Some of which do not use blockchains at all.

good

they will come, and they will go

eventually something might reach critical mass

Do you have a whitepaper?

Sure.

no, I am not writing a whitepaper

I was thinking about it, btw. Blockchain is perfect for social media.

Which is a public facing anyway.

Why not totally transparent?

Rather than monopolised by a siongle set of actors.

there are many publishers who will be deplatformed
that would be perfectly acceptable clients for the existing banking system

and would probably not lose traditional payment processing

the censorship comes from a small group of relatively new companies

Banks don't deal with lots of people, including (especially) crypto startups.

it depends

But they've managed to work around that.

you have to be pretty far out there to really attract the attention of mastercard or visa

As has the porn industry.

sometimes the censorship is coming from a massive company like Mastercard.

in rare cases, yes

Far out there like, possibly, Sargon?

if Mastercard demands that a small payment processor give someone the boot or else have their business destroyed, they will.

I doubt sargon is worth MCs time