It seems the porn industry is warming up to Bitcoin. GadgetCoin actually started to work with the porn industry
http://bit.ly/1LDeFdL Using Bitcoin, the blockchain and smart contracts GadgetCoin offers 95% cash out for the web-cam models
http://bit.ly/1GUAH7vi don't think any altcoin would be able to provide any liquidity to a web cam business or a business model is they are not backup by btc revenue in order to keep the price stable.
That plus, models have a hard time with understanding bitcoins, let alone some coin that they have never heard of.
The main costs behind video streaming are the server, internet traffic and RTMP server licensing. GadgetNet disrupted this business model by decentralizing the streaming. Normally an RTMP server streams the video to the viewers, but in GadgetNet’s instance the broadcasters push the stream directly to their peers.
Very much wrong, the main cost for a webcam site, is marketing. Remember no one shows up, they don't get paid. Operating cost scale with that. Also decentralized streaming is very poor quality. People want HD, not SD at best and bad bitrates. Even p2p video is not up to the quality people want.
I am not sure why do you think decentralized streaming produces a poor quality. What can be poor in pushing data via UDP peer to peer instead of channelling the data through a centralized RTMP server? The 3600 kbps or even 8000 kbps HD stream primarily depends on bandwidth and not architecture. If the model or studio internet connection supports the HD upload speed which normally does, then the end user receives the HD quality video - the broadcasting peers forwards the very same stream after all. In fact, it is easier to achieve a good quality video push directly from the broadcaster to the end user without an intermediary RTMP server.
Regarding to the operational cost, what I have been hearing from the porn industry is that the marketing cost is large at the beginning, so yes, you are quite right about that, but later the main cost is the server infrastructure and broadcasting. Livejasmin has 30 million daily visitors, a live MyFreecam session often broadcasts to 2000 users and such massive user base requires a very serious infrastructure. That's the very reason LiveJasmin pays out only 40% to new models who don't generate paid traffic. As you said, only the paid live session brings revenue, the rest is only cost at least it is the case in the Livejasmin model.
To minimize the marketing cost our plan is that the models will bring their existing customers to a GadgetNet where the pay out is 95% vs 40-50-60%.
UHMMM no it doesn't work that way but I applaud you for trying. Do you have benchmarks to support those claims?
LOL that isn't how it works models like to be exposed to new people and bring an audience is easier said then done.
I am on my phone so I can't be detailed.
I can assure you our video is HD quality, but you will be able to verify this by checking out our service that will start soon. Also, I suggest once the source is fully released in Github, please download our peer to peer video streaming application, compile it and you will be able to verify the performance that way as well.
This is a 4 billion dollar market and I think new players like our GadgetNet/GadgetCoin application and our
www.jizzmo.net barnd can co-exist with established providers, like your web site. We need only 50 models to start the service, there are 40,000 models worldwide, at least 500 of them are top earners with monthly +20k revenue and some of them already in contact with us because our 95% pay-out means at least a 40% extra revenue for the model. The response from the Bitcoin community is tremendous, we received US 2,100 support from the community today as well as community members already allocated 17 servers with a combined of 50K TB per month data transfer to us. This decentralized autonomous business venture will be a true community effort and please imagine, if several hundred BCT members team up with us then we will have the server power to even take on twitch.tv and Amazon. After all,
live video streaming is nothing else but server power and this community can put together a larger server power than Amazon has. Please note, and I am sure you know this, many-many twitch.tv game broadcasters are very unhappy with Amazon's huge cut from their hard earned revenue just like many Livejasmin models are unhappy with the terms and large cut of the service provider. I believe we have the business case by bringing Bitcoin more aggressively to the broadcasters to provide the broadcasters with increased revenue - 95% versus the existing 50% from Amazon and Livejasmin. What we try to accomplish is good for Bitcoin, good for the models and will be beneficial for our supporters by paying 5% to our supporters from our video stream revenue.
I think we could work not against each other, but supporting each other. I understand you are an expert in this field and your expertise would be highly appreciated by the GadgetNet community. Please work with us if you think our effort and what we are trying to achieve worthy your support.