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evoorhees

legendary

Activity: 1008

Merit: 1021

Democracy is the original 51% attack

Quote from: Remember remember the 5th of November on September 02, 2011, 02:52:40 PM

Maybe...but as it is, bitcoin is too volatile to be accepted..the porn site will be at a huge loss, unless they charge a bit more than they do for USD.

Bit-pay.com permits merchant to accept Bitcoins, and receive the money as USD automatically into their bank account. Thus eliminating all exchange rate risk.

evoorhees

legendary

Activity: 1008

Merit: 1021

Democracy is the original 51% attack

OP- Great idea to approach them. However, conducting a poll here is probably not a good market indicator. You should poll a group of people who are already subscribing to Kink and see whether they would prefer to have an anonymous payment method in which personal financial details are not stored on the company's server.

Remember, the advantage of BTC to the consumer is not just the anonymity, but also the fact that his/her credit card details aren't stored somewhere. As it stands now, my credit card info could be hacked from any server where I've purchased stuff (amazon and dozens of others). But with btc, a hacker can't gain anything from my by hacking the company's server. The corollary to this is that the company doesn't have to invest resources in storing and protecting customer records.

How happy would Sony have been if their recent hacks didn't release 300,000 customer details =)

kjj

legendary

Activity: 1302

Merit: 1025

Quote from: Remember remember the 5th of November on September 02, 2011, 02:52:40 PM

Maybe...but as it is, bitcoin is too volatile to be accepted..the porn site will be at a huge loss, unless they charge a bit more than they do for USD.

If you can figure out how to write a website in PHP, you can also figure out how to use the API on your favorite exchange to instantly sell them. Yes, I know you would need to park a few coins at the exchange, but that would be the limit of your currency risk, which works out to zero per transaction over time.

Remember remember the 5th of November

legendary

Activity: 1862

Merit: 1011

Reverse engineer from time to time

Maybe...but as it is, bitcoin is too volatile to be accepted..the porn site will be at a huge loss, unless they charge a bit more than they do for USD.

wolftaur

member

Activity: 112

Merit: 10

Quote from: nmat on September 02, 2011, 02:25:25 PM

Personally, I am not interested, but is a user selling reality kings accounts and he has been pretty successful.

I was just wondering: when you promote bitcoins to a website do you mention bit-pay, for example? If not, how do you sell the idea? The market fluctuation is not really attractive for a seller...

There are already some merchant services for that, which basically just convert you to USD as soon as someone sends Bitcoins.

At the same time, given the profit margins on most porn stuff especially online, they could certainly afford to consider speculating.

andrewbadr

full member

Activity: 174

Merit: 100

Posts made Jan-March 2017 are not by me

d

nmat

hero member

Activity: 602

Merit: 501

Personally, I am not interested, but is a user selling reality kings accounts and he has been pretty successful.

I was just wondering: when you promote bitcoins to a website do you mention bit-pay, for example? If not, how do you sell the idea? The market fluctuation is not really attractive for a seller...

322i0n

full member

Activity: 196

Merit: 101

add a poll to the thread.

Piper67

legendary

Activity: 1106

Merit: 1001

Just a thought, but anyone willing to do this because of the anonymity of it might not be too inclined to send you a message about it. Might be better if you just post the details and let the pervs among us figure out how to go about it Grin

andrewbadr

full member

Activity: 174

Merit: 100

Posts made Jan-March 2017 are not by me

d

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