Topic: Getting porn sites to accept bitcoin - page 62. (Read 54936 times)

As industry likes to chant the mantra "adapt or die" referring to (free) tube site model which is killing the industry, it will need to adapt new business models around Bitcoin.
Still, there are many avenues a site could adopt bitcoins - pay per view, pay per minute,  it's even doable with 'subscriptions' - when user logs in when subscription expired just provide new bitcoin address to renew membership.  also small token payments - pay per clip, tips, pay for day or several days accesses. The positive note that customers will feel more confident paying with bitcoins - no charge shown on cc statement so less likely to get wife mad , no rebills (if site's content is great loyal member will be coming back for more anyway), no insane charges with cross-sells to other sites - the practice that used by some industry members which is killing users confidence in online adult entertainment when it's not fully disclosed. For site operators, no insane high risk transaction fees from billing companies, which means smaller guys can enter and monetize their good quality content without processing hassle.   At the end it could encourage healthier competition and improve quality of content and service in my view.

Jessy Kang explained that BTC isn't good for porn sites because most of their income is from recurring subscriptions.  She's talking about that $1 trial which rolls over to $25 the next day when you forget to cancel.

This highlights the difference between paying with bitcoin and paying with a credit card.  When you pay with bitcoin the merchant doesn't get the private key to your wallet.  When you pay with a credit card you give the private key (the cc number) to the merchant.

I know who you're talking about, I'm not him.

I recall an 'IAmA' thread on Reddit recently of the owner of YouPorn or PornTube or something along those lines. Couldn't find it in a search. If someone wants to try to find the post and contact him, that might be cool.

Reddit.com/r/iama might be a good tool for us in general. A lot of influential people with disclosed credentials come and go over there.

Your name sounds familiar.  Aren't you some former adult industry bigshot slash wine connoisseur?

No. They can either get, for example, $10 per month X1000 users or $10 per month X1000 users + $8-12 X100 bitcoin users. In other words, additional consumers. And then exchange it for USD. I'm not 100% sure if that could work, that's why I created this thread.

So you're telling me they can either get A) a consistent amount per month or B) some random amount that changes value by the second.  And they would choose B?  And then what?  Do they pay their models in bitcoins?  What about things like utilities and equipment.  Bitcoins?  No, they would have to go to the exchange and redeem them for dollars.

So either they can get dollars upfront which would provide a consistent revenue stream and be used to cover operating costs.  Or they can go about it the long inefficient way by using BTC's. 

In it's current state, this would never work for the big porn companies.  Maybe some tiny startup site but those are pointless in making BTC mainstream.

Haha. I'm the new porn guy in town pal.  
That other website is hardly a porn website if you ask me.

Exactly, because they can always lie anyway.

Not a single site ask proofs of age
Porn sites just ask people to promise they are over 18

There is even a guy in the forum that owns a porn site focused on BTC, i think he goes by the site's name "BTCPorn" or somthing along that line.

Yes. Model IDs is non-issue, its been sorted and regulated; otherwise porn wouldn't have its legitimacy.  User age verification has been uncertain and debated and tried to be regulated which has failed so far. With so much free stuff out there  it seems to be non issue, if you want to be on a safe side you put disclaimer on your front page saying that this site is for adults only. Adult site owners feel that it's parents job to keep their kids from questionable content. I personally feel that there is too much free porn - and that's what needs to be regulated, meaning no hardcore or even sensitive parts should be out there for all to see for free, but that's another topic for discussion altogether.

If you are a porn producer then you are required to keep the correct records of your models. But your customers simply have to agree to the terms of using the website (which would include being 18 or over). That's all you need as far as I know.

They DO pay for live shows, on tv or webcam girls... That's big business.

Bitcoin is known in that neck of the woods, I know firsthand because I personally heard about bitcoin in there webmaster resources back in April and we keep discussions going , few of us that either opportunistic or can appreciate this brilliant concept.

Very few people in adult industry dig bitcoin concept atm, we're either trading or mining, or both.  I don't run any adult sites personally so my adaptation is not relative from this perspective.

Majority either don't understand the concept (claiming it's ponzi, pyramid, get rich schemes, etc) or saying that bitcoin will be shutdown or brought to its knees by authorities faster than they could integrate it into their billing solutions and probably some are not to eager to get on the train due to high volatility of exchange rates. Some think it will fail.

I think and agree with OP that first well known porn site that adopts bitcoins will also get very nice viral PR going for them, I'm sure everyone will be mentioning that site everywhere.

For adult industry to start adopting bitcoins there needs to be fully legit US based exchange, once that happens, people will be taking more closer and serious look in to it in my opinion. As of right now its too shaky with many legit uncertainties for adult industry to consider it. But people keeping an eye on it in adult realm.


Edit: while I was typing this up I see some already posted here =)

Edit2: yes age verification is also an issue, although there is a huge abundance of free hardcore sites that at this time I don't know if that matters as much.

Way to read the post

again for clarification
It really shouldn't matter as anyone with access to google can see anything they want anyways

I agree with you, but there are rules in place that businesses need to follow that bitcoin may not be compatible with (anonymity) .  I think anything that helps utilize the currency is good for all interested parties.  But that doesn't mean these sites are going to risk a run in with the government for a few extra subscribers.  

the biggest porn webmaster site on the web is Go fuck yourself

gfy.com

When bitcoin was in the news there were lots of threads on it.  I think the lack of subscription and lack of currency conversion at the time of sale were some of the issues.  They will catch on though, its just a new idea.  Porn is always at the cutting edge of technology.  I really like the BitCams idea and think it can do very well.

Guys, please. Get a hold of your selves...I am already on the case. Ninja style.
http://wetcoin.co.cc

Well, that's also good idea tbh 

i still think getting churches to accept bitcoins is a better idea. nobody pays for porn any more

Already done: http://www.thebitcoinlist.com/dp_xxx/adult-content/