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Topic: Howcome so little traction in online porn world? - page 2. (Read 5454 times)

legendary
Activity: 2786
Merit: 1031
legendary
Activity: 2786
Merit: 1031
Because credit cards allow RECURRING subscription charges!!!

OkCupid is a subscription website that accept bitcoin payments.

Coinbase allows recurring payments.
full member
Activity: 155
Merit: 100
Subscriptions are a big one.  But I think in a surprising sense the industry is moving away from sites reliant on subscriptions (e.g. people forgetting about it) and you are starting to see stuff that is actually worth ponying up for (at least in comparison to older model sites).

The biggest factor though, from my limited experience would be the impulse purchase factor.  If buying a soda in line to check out at the big box store is impulse, then porn is hyper-impulse.  There is generally little to no planning going into "I'm going to go spend some time on a porn site right now", so you need to have as frictionless of a transaction as possible.

Bitcoin just doesn't reach the ease of use of credit cards yet.  I think it can, but right now if $random_40_year_old wanted some bitcoins NOW so he could check out some adult site he found, how does he get them easily and quickly?  The answer is you don't.

Once you *have* bitcoins, there are tons of services that will imo be game changing in the porn markets if btc ever becomes big enough.  Bitcoin allows truly viable microtransactions ($1-5) so paying an anonymous dollar to upgrade that video playing on pornhub to HD starts becoming an entirely new model people can exploit.  Right now other sites have kind of paid lip service to these things, but they all require pre-existing accounts, registration, fraud control, etc.

Basically it needs to be as easy as going to a site, entering your credit card or paypal info, and having bitcoins 10 minutes later you can spend.  Until then, or until massive bitcoin adoption, the mass adult market might be a tough one.  Certainly solvable problems, but regulation will be the gating factor imo.

Also if adoption or ease of use starts to become viable, you are going to see all the marginal shitbox (and some downright criminal fraud) sites love bitcoin because they won't have to worry about chargebacks.  If those types are allowed to go amuck and ruin the idea of paying for porn with bitcoin ("I paid .5btc and all I got was this shitty members area from 1998"), you might see a harder road to adoption until a big industry player starts using it with a successful implementation.

So yes, I think it could be revolutionary for adult site operators.  Zero chargeback risk, very low cost for transactions, but probably won't replace credit cards for the traditional subscription based services.  Webcam studios probably are already looking into it pretty hard, as it solves tons of issues there - it's simply a matter of how many of their customer based (whales especially) even know about it.  Then you can go the PPV model or anything else you can think up Smiley
legendary
Activity: 2338
Merit: 2106
not only porn, homegrow equippment should be a an interesting field for bitcoin use.
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
Because credit cards allow RECURRING subscription charges!!!
sr. member
Activity: 322
Merit: 250
sr. member
Activity: 354
Merit: 250
The first person to build a bitcoin chaturbate.com clone will be filthy rich. If you build it they will cum Wink
Who wants to help me build it Huh
hero member
Activity: 622
Merit: 500
I thought bitcoin was used exclusively for all things deemed illegal, immoral, and unethical.
legendary
Activity: 2786
Merit: 1031
2) No way to verify age from a Bitcoin address
...and how are other payment methods any better?

The biggest lie told on the Internet:

Warning: This website contains adult material, you need to be 18 years old or more to access. Do you have 18 years or more?

Yes    No
legendary
Activity: 2058
Merit: 1431
2) No way to verify age from a Bitcoin address
...and how are other payment methods any better?
legendary
Activity: 2786
Merit: 1031
legendary
Activity: 1750
Merit: 1007
1) No way to run a subscription service [huge amount of porn revenues are from trial accounts that auto renew at full price]
2) No way to verify age from a Bitcoin address
3) Primary users of Bitcoin know where to find lots of it for free legally
4) Primary users of Bitcoin know where to find the rest of it illegally
legendary
Activity: 4060
Merit: 1303
Price fluctuates too much.


I guess bitcoin needs something to keep it up!!!  Grin

Maybe a little blue colored coin?
legendary
Activity: 1176
Merit: 1255
May Bitcoin be touched by his Noodly Appendage
Bitcoin's main user-base consists mainly geeks. I have never known a geek paying for porn.
Pretty much
legendary
Activity: 2786
Merit: 1031
Bitcoin's main user-base consists mainly geeks. I have never known a geek paying for porn.

I've paid for porn, but it was live...
hero member
Activity: 879
Merit: 1013
Bitcoin's main user-base consists mainly geeks. I have never known a geek paying for porn.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
There are a few projects out there already.

Is any successful? Or even operational? Do you have link?
legendary
Activity: 1694
Merit: 1006

Because the people who buy pr0n have dumb habits that hide Bitcoin from them. They are also likely strongly conservative people who would shun a non-government backed currency.

 
EDIT: Found this:

http://www.newscientist.com/article/dn16680-porn-in-the-usa-conservatives-are-biggest-consumers.html#.UhehHmRd808

"Residents of 27 states that passed laws banning gay marriages boasted 11% more porn subscribers than states that don't explicitly restrict gay marriage"

So, how many of those that bought porn identified themselves as conservative? Oh that's right, we don't know. Your conjecturing skills are excellent.
legendary
Activity: 2786
Merit: 1031
There are a few projects out there already.

Actually I think this is next big industry to adopt bitcoin, first drugs, now casinos everywhere, next Internet porn! Cheesy
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