Interestingly, the scuttlebutt that I heard was more along the lines of "oh shit, a regulating body realized that we were acting as a type of bank, and we're not equipped for that, nor do we want to be so these are the things we need to do in order to achieve that."

>They did NOT present it very well, and pretty much sprung it on
>people. When you're handling money for people, this is not a good
>level of transparency when you want to make such a sweeping change to
>the system.

Yeah. Also they seemed to have a sort of fundamental misunderstanding of the value-add that they provided between the creators and patrons. We thought it was aggregation of donations for things the creators were already doing. They thought that they were providing a marketplace for selling.

>Unfortunately, I've had to look at it, and already it's clear I don't
>want to join the Patreon ecosystem, either as a patron or a creator,
>because they've proven they don't really understand what they actually
>have, and who their clients REALLY ARE.

I'm going back at my original budget, mostly because the flipside of holding a company hostage with your dollars is paying the ransom when they stop doing their stupid thing. But this really was, to me, their one strike.

--
-Pasha
"Don't change the subject"
"Too slow, already did."