Bitcoin Forum

Hi, just one more newbie emerging from the water! ;)

The question on the subject is a honest one.
Usually they are early adopters of all kids of technology (even 3d for g*d's sake).
I believe bitcoin, for them, would increase revenues (due to "anonymity") and decrease costs (with payments).
Also it would greatly increase the bitcoin economy! ;)


Anyway, just my 0.2(BTC)
Union

Good point!

They are probably not awoken yet. More reason to stock up!

I'll take a stab at this: Porn is free. The people who pay for it aren't the types to be using Bitcoin, imo.

Porn is free?

Not exactly:
Pornography is big business--with $10 billion to $14 billion in annual sales.
in http://www.forbes.com/2001/05/25/0524porn.html

They HAVE jumped on bitcoins!

Don't you people remember the stories of people getting busted for CP on the Tor bitcoin sites???

That is not what I meant! :P
I'm talking about PPV porn sites!

like he said up there , even a noob can find free porn. good free porn. the type of people who pay for it are idiots, these idiots dont know about free porn let alone a complicated currency. they probably dont even own a computer. listen befor you type

True, but there are even bigger idiots in the US Congress who listen with all ears to the porn industry and would lay off bitcoin regulation if they thought it was interfering with another possible revenue stream.  We all know BTC purchase can be made simpler with the right heavy-hitter driving it, yes?

Porn is stronger than the masses think.  Case in point is VHS versus BetaMax as well as Blu-Ray versus HD DVD.  Who had the final say?

It is slowly starting. Most AWM are surprisingly conservative but lately some more sites started to accept BTC. Not sure if it is OK to post links to porn here, but I think it is OK to name some like Blue Blood or MetArt.

MetArt accepts Bitcoin now.

I think its a great paradox.

Paid porn sites prey on tech naivety and impulse buy. Both are tough to find in a bitcoin supporter.  

As soon as Mustang Convertibles can be had for BTC the porn industry will switch.

I think it's because of bitcoin's rapidly fluctuating price.
Once it becomes more steady,we'll see more and more people jump in to accept bitcoins.

There are cam sites that take BTC as well.
It really has no allure to major porn industry, because no one really tries to hide their porn purchases that much.
They will quickly jump on it once it is more stable and easier to change in and out of fiat, because at that point it will be easy enough for the person who only casually wishes to hide his porn purchases.
Untill then, those who want to hide it a lot will just steal their parents porn, or vice-versa  ;D

It's a combination of the rapidly fluctuating price of bitcoins and the fact that it takes too long to cash out to a currency that can be used to pay salaries, pay rent, etc. If the exchanges were reliably performing in the sub 1 sec range (which is still unacceptably slow for a modern exchange, but it's still the Wild West in bitcoin), then wild fluctuations would matter less. If the price of bitcoin was stable, then having a slow exchange would matter less.

Having highly unstable prices and sometimes outrageously slow exchanges means that by accepting a bitcoin, a merchant (of any sort, porn or otherwise) is taking on a currency risk that she may not want to. She can't just immediately cash out of bitcoin and into a useful currency at an exchange rate that is nearly guaranteed to be at or very close to the exchange rate that she used to calculate the bitcoin price. It's additional, substantial risk for a merchant.

this reminds me of when i wasted 15$ back when i was 17 on a porn sub.

i still regret it.

i was super horny.

That's what they prey on,ultra-horny people that will do anything for some good porn.

Oddly enough I actually met a guy in the porn industry a few nights ago, and I told him the same thing.

1) put full length movies on a tube site
2) after a minute or two, stop the movie and offer them the full thing for $0.50 or something
3) unlock the movie on zero confirmations
4) profit!

People only use tube sites nowadays, paying $30/month for pay sites is basically over, but I can see people giving micropayments for the rest of a video that they're interested in.

but by the time the confirmation came through, you would have lost interest, or jacked it to something else by then  ;D

Zero confirmations is fairly instant, isn't it? I doubt that double spends would be very frequent.

Interesting Question i asked myself the same. I think its mainly because of the volatality of price. And or the missing of way to fully automate the process to exchange btc to USD in realtime with 99.99% reliability. And this would of course have one prerequisite: a super reliable exchange. And again we are at Mtgox...

I saw a  porn website last night that use bitcoins,dont ask me the name cause don´t remenber, but definitly the whole industry should move to Bitcoin

I think porn companies would be very wary of accepting bitcoins for two reasons: The first being that the tech savvy people who use bitcoins probably all already know how to get good porn for free, and how to easily pirate all the good non-free stuff. The second reason is that the porn industry in the past decade or so has been a repeated target for the U.S. government over "obscene" content. I don't think many companies out there would be willing to go out and accept an untraceable currency with limited benefit under this much scrutiny.

Too dirty to admit to?   :D

Why? To make it harder for people to buy porn? A credit card is about 100x easier and you have protection against shady merchants by initiating chargebacks.

Humour me - how would you be at risk of charge back from a bitcoin merchant? Indeed, the lack of charge back may be why porn sites are not head over heels to accept bitcoin.

Would you advise new adult website startups to accept Bitcoin?

Porsche sold for bitcoins recently.  See http://www.businessinsider.com/texas-family-we-sold-this-porsche-last-night-for-300-bitcoins-2013-4 (http://www.businessinsider.com/texas-family-we-sold-this-porsche-last-night-for-300-bitcoins-2013-4)

The porn industry likes credit cards because you can get someone locked into a subscription, and milk them for cash for a very long time (through making it hard to cancel subscriptions, hoping the customer will be too embarassed to call the cc company for chargebacks, the customer being to lazy to cancel subscription, etc)

The subscription model doesn't really work with bitcoin because the customer can stop paying whenever they want.

You aren't. You have protection against a shady merchant as a consumer when paying with a credit card as you can initiate a chargeback if you're not happy with what you received. Without a signature attached to a sale (either at the point of sale, such as in a retail store, or upon delivery of a physical item), it is very easy to just chargeback an item in the first 6 months after you've purchased it. With bitcoin, the merchant has all the power once you've given the merchant your bitcoins.

Porn sites (and any site selling things without a required signature or proof of delivery) would love to not have to worry about chargebacks from upset customers, or from customers whose kids 'borrowed' their credit cards. The trouble is, it's a pain in the butt to use bitcoins as a consumer currently, and it's a pain in the butt to accept them currently and then convert them into a usable currency.

Further, in a business like porn, your costs are in customer acquisition. If you can solve the customer acquisition problem, the 3% that credit cards take don't really matter compared to how important it is to make the payment process easy for the customer.

Any business accepting BTC makes Bitcoin stronger and vice versa. I encourage all porn sites to start accepting Bitcoin.

How would they choose between bitcoin, litecoin, ppcoin, opencoin and who knows what else might come out...

No, not vice-versa. Bitcoin is a currency to a merchant that's going to use them. It makes no difference how strong Bitcoin is, because the only way widespread merchant adoption is going to happen is if merchants have the ability to near-instantly cash out of bitcoins into a currency they can use for things like taxes, legal salaries, and so on.

I can confidently say that I'd accept sheep as payment if I could convert them quickly and painlessly into USD. Same with bitcoins. How strong the sheep market or bitcoin market is just doesn't matter to a merchant though, as the merchant isn't going to hold onto those sheep or bitcoin.

Common use-case: buy prepaid credit card for bitcoins and pay for nearly anything with it (including porn).

Merchant accepting BTC don't pay 3% to Visa/Amex etc, and transactions are non-reversible so merchant don't get cheated even when selling to Nigeria.

Because of volatility. Also, most merchants that have adopted Bitcoin has not been a success. Very little customers are using Bitcoin, it is still a niche market and will remain so for the foreseeable future.

The opposite is true also. As a former affiliate I experienced things like 3 month chargebacks (and even heard of 5 month charged back)  or that customers charging back immediately after they got refunded. As far as I know the CC companies allow only a 1.5% chargeback rate or hefty fines apply. Not to mention that the CC system is insecure by design and it is the merchant who has to take the risk.

http://stripcoin.com/

http://www.strip4bit.com/

I hear you. I've got one company that I own that's been accepting credit cards since 1997, and for virtual stuff rather than physical stuff, so there is no protection against chargebacks like you have with point-of-sale purchases or sign-on-delivery. I almost got blacklisted in 2001 after our gateway screwed up and submitted 16 transactions for every one it was supposed to. Nothing makes me angrier than getting a chargeback 6 months later (6 months is generally the limit) when I am positive the person doing the chargeback authorized the transactions and just wants a refund. It sucks, and we're just out the money when that happens. That's just part of the cost of doing business, along with fraud prevention generally.

But here's the thing: Of course it's the merchant that takes the risk. The merchant needs the money of those customers a lot more than the customers needs that merchant. I run an online games business, for instance, and if I don't make it easy and safe for a customer to spend money, many of them won't. There are plenty of other online games for them to go play. They don't need me as much as I need them. There's almost no business in the world that isn't in that position barring true monopolies or in certain edge cases like so-called 'food deserts' where there's only a single small food store serving a poor area.

www.reddit.com/r/girlsgonebitcoin and stripcoin.com are both websites that girls sign up for bitcoin donations for boobies. I have to say that if I had the working parts I'd probably flash a little skin for some big investments; but alas imaboy.

I hadn't thought of this. That's an excellent idea, and would solidify bitcoins place in the world economy.

Metart just started accepting them yesterday.

http://www.metartnetwork.com/bitcoin/

We just added Bitcoin to our two new Asian shemale sites:

http://ladyboyinc.com/bitcoin/
http://femboyjoy.com/bitcoin/

I know a handful of other sites owners in the industry are in the process of setting Bitcoin up now. The industry has been slow to catch on as it is not so easy to understand out of the gate, but that is changing now.

Because there are bit torrents?

++ I think that this is probably the greatest reason  ;D

Hahahaha

Wait? Two sites? What kind of mamma's boy needs a little boy with boobs? That's some messed up $%*!

Stripping for btc is taking off.. literally ;)

it's too new. not enough demand (they think)

someone needs to do an "adult bitpay"

Hi, take a look for my blog http://girlsbtc.tumblr.com/  ;-)

You can use SexCoin. I am not sure if PornCoin exists or not.

When bitcoin is easier to use than the pirate bay, porn may find people willing to pay in BTC.

This is a very good question.They should use btc,especially now since string of HIV infections brings porn industry to a standstill.They need something new to kickstart the porn industry  8)

Because everyone knows you can get porn for free.  There is no need to waste our valuable bitcoins on porn.  Simply Google search the scene, actress or movie you want and there it is.  Gambling and Drugs on the other hand, now they are jumping all over bitcoin...see www.betcoinsports.com, www.bitbook.biz and the silk road on the tor network. 

www.wehasporn.com (http://www.wehasporn.com) Takes Bitcoin donations (free porn site) and has for awhile now. Although it doesn't look like people are donating 

People pay for porn, and alot. Its just that the porn industry is such an old industry so inovation is really slow, even HD porn took quite a while in most niches even tho generally HD porn was the first HD content.

Of course some people still pay for porn, but overall the industry is imperiled as revenue continues to decline mainly due to piracy.  The Bitcoin community is a much more advanced community that for the most part believes in free markets and heavily utilizes digital transmissions, therefore will be less apt to "buy" porn when we all know we can get it all for free.  

Lastly, the porn industry has always been the most innovative from the DVD to the Internet.  They are struggling as is the traditional film industry with the digital age, downloads and easy piracy.

If it hasn't been said yet, who pays for porn? These people who use bitcoins are generally tech savvy and realize that not only porn is free, but paid porn can be torrented.

So almost nobody with bitcoins would buy porn. The porn industry is failing.

Here: https://bitcointalk.org/index.php?topic=280130.0