this post was submitted on 11 Jun 2023
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Asklemmy
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Bank accounts and escrow and payment processors are complicated and require real companies with tax identifiers. Nobody is gonna set that up just to host an instance. IMO this is a perfect use case for crypto. Could be a monthly thing or micropayments. Maybe something a bit like the Basic Attention Token.
It's a perfect use case for Patreon, PayPal, and similar services that are easier to set up than any of the things you mentioned. And the stability of fiat currency is a benefit when we're looking at covering operating costs.
Crypto is fine as an option, but it doesn't seem like a great fit for the primary.
Maybe this depends on the country by you don't need to set up companies if you can run everything you need under self-employement. The main reason to avoid that is avoiding liability, gaining credibility or to qualify for loans or something along those lines none of which is required in this case.