Bitcoin Forum

About a week ago on reddit I found a typical paypal/credit card/payment processor horror story...yes related to the porn industry...

I decided to contact the user and actually get the rest of the story; they're actually now totally into bitcoin and were willing to share their exclusive experience with me. It's now posted here:

http://banksworstfear.com/custom-porn-bitcoin-story
http://banksworstfear.com/wp-content/uploads/2014/08/saffron1.jpg
http://banksworstfear.com/custom-porn-bitcoin-story (http://banksworstfear.com/custom-porn-bitcoin-story)

If anyone else has a story of how bitcoin changed their business or life, we'd love to feature it on banks worst fear - Just send us a quick email http://banksworstfear.com/contact

bitcoin is perfect for norp
anonymous and secure, no charge backs from those regretting that masturbation session they told themselves not to do

lol

This story is our biggest one this year.

Nice story, was an interesting read.   I like hearing people's personal stories and rise back up from tough spots..

I love stuff like this. This is what bitcoin is all about.

fees are insane for porn industry ...  :o

Fuck the puritan hypocrites!

Thought you we're going to be mentioning wankcoin somewhere in here. lmao

I think that bitcoin would likely solve a lot of the porn industry's problems with chargebacks and frauds against them. I don't have any specific figures, but I think the amount of credit card fraud in this industry is enormous. If a porn site were to accept bitcoin then their costs associated with accepting payment would fall dramatically, allowing them to give a discount to people paying via bitcoin.

Do you know a list of already accepting sites? I've heard a few pretty big names being listed this year alone. Wanted to include in the article but could not find them

The anonymity of bitcoin is really important in this business. Nobody knows you're spending your salary on fetish porn :D

Well since bitcoin is user based, no banks required; anyone can join in this business; competition equals lower prices!

perfect for porn industry. The question is many customers don't know anything about BTC. How could they pay with btc? If offering an big discount by paying with btc, they may have the incentives to learn, buy and pay with btc. Another advantage is anonymous and nothing about this will show up in your bank statement.

or xxxcoin.  ;D
Altcoins with a purpose.

Here's her gift to us nude

https://mega.co.nz/#!kJlzkaAY!J55_ICqvjTN0S25BHxjRdg3RFQ3ZLCkv26QdnUD1fXM (https://mega.co.nz/#!kJlzkaAY!J55_ICqvjTN0S25BHxjRdg3RFQ3ZLCkv26QdnUD1fXM)

 ::) :o so we know now ,BTC is really taking over everywhere
 ;D
that's kool

Here was her official release of totaly NSFW version:

http://www.reddit.com/r/Bitcoin/comments/2bg93d/heres_why_i_love_bitcoin_very_nsfw_version/

I found it very interesting that the author of the article in the OP was willing to pay 20 and 40% to a third party to receive payment. From what I can tell the third party was providing very little service above collecting payment.

God bless her - isn't she sweet  :P

But what's with the shaven haven ? Everywhere I look, shaven havens.  Whats wrong with pubic hair ?   I once had a girlfriend (no, honestly, I did) who said she fancied shaving off her pubic hair. I wasn't having any of it - "No", I implored her, "not on your nelly. The pubes go, I go too".


Edit. I feel like a real kill joy now. If the btc lady of the OP should read this I would just like to apologise and say that your bald labia majora (I had to look that up on Wikipedia (https://en.wikipedia.org/wiki/Labia) btw] are lovely when looked at from the correct angle. I reckon they'd look really fetching with a BTC tattooed on either side  ;)

I was also surprised by how much they were willing to pay just to get paid for their work.

From what I got from the article, sellers of porn could offer a very large discount (in the double digits) and still end up with more money at the end of the day. I think this is by far the best industry that is legal to use BTC with.

They were not willing. They were forced to pay because they had no other options. Bitcoin has changed all that. :)

The article said multiple times that the price was "well worth it" and that they were happy to only receive 60% and 80% of their sales.

What are the rules to process payment for porn? Why are they force to pay huge fee?

It's either get 60% of the cut or not work at all. That's what government regulations cause in this environment; and that's why bitcoin is so powerful (being censorship resistant)

The big companies like Paypal avoid adult businesses due to the legal liabilities and the fact that many of them go bankrupt all the time.  That means the void has to be filled by smaller companies (which process less volume) which have several employees to pay, hence the enormous fees.

Bitcoin can be the solution to this but Bitcoin still doesn't have a large enough userbase.  Conservative estimates are maybe only 1 million people use Bitcoin when in 10 or 20 years from now it could be a billion with a B.

Should have assumed; but YouTube removed our video after flagged
https://twitter.com/BankerWorstFear/status/498515219199451136


We're now on vimeo
http://vimeo.com/102922959

It wasn't the government regulations that caused the cost of doing business to be so high, it was the fact that there is so much credit card fraud when people buy porn that makes credit card processors charge these high fees. The government is prohibited from censoring or attempting to censor anything due to the 1st amendment.

What was it flagged for? Can't you get them re-instated?

I have no time to read this article but I suppose that its interesting. Could someone who have read it already, write a short variant? ;)

Strange. Why should this video be removed?
On what grounds was it flagged?

I've been boring a friend silly over the last few months about Bitcoin. Finally I found something which got his interest.   :D

Thank you Sexy Saffron.





2/10 Please try harder.

The article is not that long, but here's tldr version>
 Sexy Saffron and her husband living a normal life [She was a chef and her husband was a mechanical engineer]
 Husband loses job.
 They start porn biz
 They face problems receiving payments
 They start accepting payments in btc and prefer it over any other payment procedure.
END

If they are happy doing what they do then more power to them.  Looks like they are off to a good start and getting customers so another potential success story.  Interesting story going from a seemingly "normal" 9-5 type job to the porn industry and as a couple.  Sure it's not the first time but hey it still a bold move IMO. 

They may be happy doing what they are doing, but how long can they continue this?  :)

This is great, to stay anonymous! Hopefully it goes big with nrop

I think the mail problem with what they are doing is that they will not be able to do it forever. As they get older they will be less desirable for their clientele and will likely get hired less frequently and get paid less for each "job" (no pun intended). They would likely need to eventually return to some kind of "day job" but it will be harder to do so after being in the industry that they are in.

They didn't really have problems receiving payments. The article talks about how others are not able to use paypal for their business and how others have had their paypal account frozen, but the couple in the article was able to get paid by the payment processors. Their issue what that the payment processors were taking so much of their sales that the couple was not reaching their full potential for income.

But does the couple then take the bitcoin and convert it into fiat?  If so that would eat into the potential for income, just like paypal would.

I guess they have to, since this is their primary profession and there are bills to be paid.
Conversion costs are not too high. Plus they were paying 20-40% earlier just to receive payment.

I don't expect them to have riches beyond their wildest dreams and they will be retiring after a few years of this.  I just appreciate the story for what it is and not saying this is the best decision they could make or even that I'd make this decision just to be clear.

Hi everyone! Sorry I'm a little late to the thread, but I thought I'd address some of the questions people have been asking! :)


It's crazy how high the fees are! From what I've seen and experienced, the credit card processors take about 20%, then the big third party sites (like Clips4Sale and ELM) take an additional 20% on top in order for them to make money. It's great for us since there's basically no other way to accept sales other than going through them (normal payment processors refuse adult transactions and will lay the banhammer on you swiftly holding your money hostage). At least with the 3rd party sites, they send a ton of paying traffic our way so even at 40% in fees, it's still well worth it.


The rules are that you basically have to follow their rules and not sell content that they find "morally objectionable", though I've never found a comprehensive list of these rules and it seems like the only way to find out about them is when they come in and say your stuff is no bueno. Originally my site had a store where you could buy my clips with bitcoin through BitPay, but since the clips featured things like drug use, implied non-consent, and incest roleplay, we had to take down those clips. It was almost funny, every time they complained and told me I had to fix it, I'd take down the clips, resubmit for approval, then they'd have another list of clips I need to take down. Once it stopped being funny (very quickly), I just told them fuck it we'll just take down the whole store and only sell through Clips4Sale.

I think the huge fees come from the risk associated with accepting credit cards for porn. Chargebacks are rampant ("Honey, I have no idea what all these charges for clown incest sex websites are for, I'm calling the credit card company to dispute them right away!"), and I suspect porn is one of the number one uses for stolen credit cards. Even though I deal with my customers directly, its crazy the number of times that cards get declined for being associated with fraud, and then the customer disappears.


You're welcome, and feel free to spread my nakedness all over the interwebs! ;)


We love what we do! Every day is amazing, we wake up, have breakfast together, walk the dogs, go to the gym, shoot a little video, then hang out on the internet smoking weed and watching Star Trek! All the while making more money sitting at home than we ever did working for other people, combined. Our plan is to remain entrepreneurs in the sex industry forever, and this is just the beginning. We're looking into erotica, sex toy affiliates, and even opening other studios! There's so much to do in this space, and we love it and could never go back, even if it means that we aren't necessarily the stars of our videos in the future :)

Porn is a very interesting commodity; it has unlimited demand but a limited-unlimited supply. You could never produce enough porn to satisfy an ever growing demand, so our job is basically just produce, produce, produce! :)


Nope! We've never sold bitcoin for fiat, and we have no plans to. Our situation right now is that the majority of our income comes in through fiat, so we use that to pay all our bills, then the rest goes into bitcoin. We only keep about 6 months worth of expenses in fiat just in case, but the dream is that eventually everything will come in through bitcoin and we'll only cash out enough dirty fiat dollars to pay off whatever thug-government controls our area. The big appeal for us is that bitcoin allows us to store our wealth in a way that no one could take it from us against our will. Secondary is that it makes our business far more efficient and far reaching, since a lot of what we do is contrary to the delicate sensibilities of the people in power. :)


It's actually interesting you mention that, since our wildest dreams are actually very attainable, I think. We're not really into possessions, we gave or threw away most of our possessions because they were cluttering our lives and making us miserable (we tried to sell a lot of it, but amazingly no one wanted our junk either :P). We're basically living our dream right now; working only for ourselves, on the things we want to, doing what we love, which is porn. We eat, breathe, and live porn every single day. Our laptops are basically just porn and reddit machines (with a little bit of video rendering on top). The only thing that could really make us happier would be if we could get out of our little apartment and into a little house outside of Montreal where we could have peace and quiet and porn and access to Costco/Walmart. Money is largely irrelevant for us, since we don't really buy anything but necessities. That being said, making as much as we do means we don't really need to worry about how much things cost, which is really nice.

Anyway, sorry for the wall of text, but I hope that answers some questions! I'll be around if you have any more! :)

XO-Saffron

Thanks for sharing your story (and other bits) Saffron; it's been quite inspirational. You both sound like very smart people and it's nice you've found your dream. It's taken me decades to find a career I really enjoy; I think some people never do.

Good luck with your business.

I agree with you that this is a good story how it shows he advantages of accepting bitcoin when a business is paying huge amounts to have their payments processed in fiat. I do also have to agree with dKingston though as I thik the subjects of this story will have a hard time getting any kind of real job, and will not be able to continue to work in the porn industry as they get older.

Thanks for your responses, Saffron. It is a wonderful story.
Very few people have jobs that we really love. :)

I read the beginning and started smiling
Hmm I didn't know there was a sweater fetish well I learnt something today.

It's good it helps their business and they even took mirceas bounty ^_^.

While the front-of-camera role likely favors the young (at least in terms of volume, tough I imagine there is a niche for granny porn as well), the back-of-camera and biz development roles favor experience. Perhaps a budding entrepreneur might make even more money by mentoring up-and-coming actors.

IOW: I think your skepticism reflects limited imagination.

Plus if you make enough money when you are young, you really don't need to work when you get old.  ;D

I think that a few porn stars will make pretty good money (possibly 6 figures per year), but even this much is not enough to support you for a lifetime. Not only that but most will make far from this amount.

I agree that there is some money to be made on "granny" porn (or other niche, unconventional types of porn), but I would think the amount to be made would be very, very little.

There definitely is a market for niches
Not sure which ones are the biggest in terms of market value but they said they do different types for different clients so by diversifying can get a good market base lol.
But I guess the above is classified as mature porn.
http://seit.unsw.adfa.edu.au/coursework/ZEIT3104/pdfs/tutorial/Niche%20marketing%20in%20the%20adult%20industry.pdf

Hmm guess that is an example of a niche list

• Alt porn features performers with tattoos, piercings, unusually colored hair, or who have a punk, goth, skinhead,
raver, etc. appearance.
• Anal porn features male-female and male-male anal sex scenes.
• Amateur porn features non-professional models. They often perform without pay, or it is their first paid modeling
work.
• Babes porn features very pretty girls (usually doing softcore).
• BBW porn features overweight or obese women.
• BDSM porn depicts bondage, domination, sadism and masochism.
• Big-breast porn features women with large breasts (either breast implants or naturally large breasts).
• Group porn features more than two people performing a sexual act.
• Hentai porn, or “porn anime,” is Japanese cartoon pornography.
• Leg and feet porn focuses on legs and feet.
• Mature porn features performers who over 40 years old.
• Race-oriented porn feature Latino, Black, Asian, European, etc. models.
• Teen porn features young or young-looking performers (18-22 years old).
The next step is to choose a niche you want to promote. For example, ‘foot fetish’ is a tremendously popular fetish,
so you will find a lot of websites dedicated to it. But if you check searches for ’gay foot fetish,’ you will see that there
are less sites catering to it. It may be a good choice for an adult niche site.

Keywords game
Finding good porn niches is all about keywords. Perform basic keyword search to determine if there is a market for a
niche you want to choose. You will immediately see what surfers are looking for.
Don’t forget to compare these results with the number of search results at Google or Yahoo for the same keywords