Facebook’s Alarming ‘Patreon Killer’ Proves Why We Need Bitcoin

Details have been leaked regarding Facebook’s plans to launch its own subscription service, á la Patreon – and the numbers involved should terrify creators. While Patreon takes a 5% cut from content creators who use its service, Facebook apparently has plans to charge as much as 30%. Meanwhile, the accompanying terms and conditions reveal the kind of draconian practices that Bitcoin and cryptocurrency were set up to circumvent. Facebook’s Patreon Competitor Might Grift 3