Except that you'll need to find some server hosting provider willing to accept that crypto as payment, and the higher costs you mean for them, the less likely you'll find a willing partner. Sooner or later someone in the chain will need to convert that crypto into "real" money to pay their ordinary expenses and God knows what will be its exchange value then, which is why cryptocurrencies are still little else than a financial investment and not a broadly accepted payment method.
What I had in mind was a simple scheme where the developers would receive crypto, convert it to fiat at an exchange, and send the fiat to their bank accounts. They could then use that fiat to pay for the server's cost. (And declare their crypto revenues in the meantime, or not, that'd be up to them).
But a hosting provider accepting crypto, as you mention, would make matters much easier to deal with.
A quick googling shows that such a service does exist :
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Note that the hosting provider could demand to be paid with a more stable cryptocurrency, such as USDC or USDT.
These would still offer the benefit of bypassing regular payment processors, whilst offering more reassurance for the provider.
So yeah. In my opinion, it was perfectly viable to start operating like any other company, while I can understand why they decided not to do that. I just wish they would have explained it in a more straightforward way (expecting a bit more rational understanding of the real situation from fellow f95'ers who have just seen their favourite source of pirated content is maybe asking too much)
Agreed. The more transparent they'd be, the lesser the speculation about their move.