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Title: BTC Utilty "The Hooker Point" Post by: kurious on July 06, 2013, 11:07:42 AM I just posted this on a topic elsewhere, but I wanted to give it a thread of its own as it is about BTC price and utility which are fundamental concerns to us all:
i cant even get a hooker for btc. This is one of the most insightful comments I have seen on this forum for some time. As someone interested in economics, I think the establishment of a measure for the adoption level of a digital currency would be useful, and I think 'The Hooker Point' is perfect for it. If we take an average city of (say) 100,000 inhabitants we can deem it to have reached this point when it is possible within the city's limits to find a locally available defined sexual service directly from a provider (without a 3rd party exchange involved) with a given currency in a (controlled) 24 hour period. So a country can be defined by how many Hooker Point cities it has, or what proportion of its qualifying cities have reached the Hooker Point (for BTC). Comparisons can be made over time and against other countries. Since currencies go back to pre-literate times and prostitution is the oldest profession, it is a measure likely to remain current for the foreseeable future. Further comment on price and utilty: 1. Market prices fall when more people want to sell than buy, and prices rise for the opposite reason. 2. People's choice as to whether they wish to be a buyer or seller is affected by their needs (entering or leaving a market due to the need to buy or sell what the market trades) or for reasons of sentiment (optimism or pessimism about the market price). 3. Although economics supposedly deals in rational situations in the market place, it is a fact that markets and sentiments are not necessarily rational. A herd instinct, or copying instinct means that people often buy because people are buying - or sell because people are selling. 4. At present BTC has little practical utility (see 'Hooker Point' above). Therefore, the market for it is much more heavily influenced by sentiment than other markets. Since most people do not need to pay their rent or buy food with it, its value is almost entirely based on sentiment. The only conclusion a rational person can reach in the light of the above is that any price predictions for BTC are very likely to be completely and utterly useless. Title: Re: BTC Utilty "The Hooker Point" Post by: jamesc760 on July 06, 2013, 08:44:19 PM Maybe we should stick to the more accepted and widely popular "McDonald Big Mac Index?"
Title: Re: BTC Utilty "The Hooker Point" Post by: kurious on July 07, 2013, 07:35:36 PM Maybe we should stick to the more accepted and widely popular "McDonald Big Mac Index?" Fair point - except McDonalds have a global policy, hookers don't. McDonalds could be refusing BTC even when it is widely adopted, so I still think the Hooker Point is more universal. K Title: Re: BTC Utilty "The Hooker Point" Post by: cdog on July 08, 2013, 07:52:50 PM Hookers/strippers also have a lot more incentive to accept BTC than fiat, especially credit cards, which many escort services accept.
Also think of the customer: Eliot Spitzer never would have gotten caught if he had paid using BTC, and would now be Governor of NY State, instead of being a disgraced consultant. Title: Re: BTC Utilty "The Hooker Point" Post by: Albert Speer on July 08, 2013, 07:57:34 PM Interesting topic, thank you.
Title: Re: BTC Utilty "The Hooker Point" Post by: kiko on July 08, 2013, 08:18:25 PM Maybe we should stick to the more accepted and widely popular "McDonald Big Mac Index?" Just FYI the Big Mac Index is an alternative measure for purchasing power parity, it has nothing to do with the size of cities or reaching any tipping points. It's used to help determine relative cost of living (and hence currency over/under-valuation). For what it's worth, I don't think you can beat good old fashioned market research. Note the Survey from the other week that found only 0.6% of Americans had ever used bitcoin: https://bitcointalk.org/index.php?topic=243025.0 Title: Re: BTC Utilty "The Hooker Point" Post by: gog1 on July 08, 2013, 08:28:54 PM I'm not sure if the average hooker will accept physical gold / platinum.
Title: Re: BTC Utilty "The Hooker Point" Post by: Adrian-x on July 09, 2013, 12:25:55 AM I just posted this on a topic elsewhere, but I wanted to give it a thread of its own as it is about BTC price and utility which are fundamental concerns to us all: I i cant even get a hooker for btc. Since currencies go back to pre-literate times and prostitution is the oldest profession, it is a measure likely to remain current for the foreseeable future. In addition on the other extreme, the oldest profusion may be due for an upgrade in order to be compatible with the new money meme, the third oldest Banking is dealing with a challenge. Title: Re: BTC Utilty "The Hooker Point" Post by: spiral_mind on July 09, 2013, 07:14:55 PM With other anonymous uses of Bitcoin nobody has to meet up. Since prostitution requires a meet-up I think it'd be very hard to make it work. Sting operations would simply be far too easy.
Title: Re: BTC Utilty "The Hooker Point" Post by: bitfromit on July 10, 2013, 12:38:15 PM Quote "Further comment on price and utilty: 1. Market prices fall when more people want to sell than buy, and prices rise for the opposite reason." For every buyer there is a seller. Title: Re: BTC Utilty "The Hooker Point" Post by: linuxnewbie on July 10, 2013, 12:47:56 PM Quote "Further comment on price and utilty: 1. Market prices fall when more people want to sell than buy, and prices rise for the opposite reason." For every buyer there is a seller. Title: Re: BTC Utilty "The Hooker Point" Post by: IIOII on July 10, 2013, 02:47:02 PM I just posted this on a topic elsewhere, but I wanted to give it a thread of its own as it is about BTC price and utility which are fundamental concerns to us all: i cant even get a hooker for btc. This is one of the most insightful comments I have seen on this forum for some time. As someone interested in economics, I think the establishment of a measure for the adoption level of a digital currency would be useful, and I think 'The Hooker Point' is perfect for it. lol While this is funny, your analysis has some merit. However you should take into account that cash is easier to accept and more established than Bitcoin for the non-technical person. So even if there is a general willingness of hookers to accept Bitcoin they may shy away because of a lack of easy-to-use Bitcoin payment services which fit the demands of their profession. Title: Re: BTC Utilty "The Hooker Point" Post by: bitfromit on July 10, 2013, 04:44:44 PM Quote "Further comment on price and utilty: 1. Market prices fall when more people want to sell than buy, and prices rise for the opposite reason." For every buyer there is a seller. yeah you'r right, that is so. Title: Re: BTC Utilty "The Hooker Point" Post by: QuantPlus on July 12, 2013, 12:46:21 PM I just posted this on a topic elsewhere, but I wanted to give it a thread of its own as it is about BTC price and utility which are fundamental concerns to us all: i cant even get a hooker for btc. ... directly from a provider (without a 3rd party exchange involved) You obviously don't use hookers. Realistically, one can only track escort agencies that accept BTC: (1) Independent hookers are dodgy, on drugs/booze, pathological liars, fly-by-night operators at best... (And I don't care if they are "nice" and have a flashy web site)... These flaky girls NEED an Authority Figure to keep them productive. (2) Escort agencies are often well-established for > 10 years... They keep the girls in line with Rules or they get fired... And the Customer (almost always) gets what was paid for. Isn't there a SlutCoin already? Can it not be adapted for this purpose? Title: Re: BTC Utilty "The Hooker Point" Post by: n8rwJeTt8TrrLKPa55eU on July 12, 2013, 01:30:08 PM It appears that Italy might be the first country to have reached "the hooker point".
http://www.sexandrome.it/crisi-il-sesso-si-paga-in-bitcoin/ Via Google Translate: Quote With the crisis, it will be that the 'hi-tech advances, will be both things together, the fact is that the world of eros is adapting to the times we live. No checks or cash, old stuff, now you are charged with sexual performance virtual money, the so-called bitcoin. Used by celebrities and entrepreneurs to not be "tracked", are becoming the new currency to launder illicit affairs, and also for the sex "you must not know." THE TESTIMONY. Confirms it for me Pascal, Roman gigolo. "I was contacted by a lady Swiss - says exclusively to" Sex and Rome "-. During the dinner, including a chat the other, waiting to switch from wine to bed, I discover that she, like me, has invested in and used the bitcoin bubble of March. " Coincidence very welcome by the lady of Lugano. "Let's move on to the hotel - Pascal continues - and did my job of gigolo, she takes her iPad, asks me for my account number and I make a payment." Has paid on its portfolio 10 bitcoin that at present are approximately 1,000 Euros. "At the time I am amazed but then accept thinking that this could represent the future." Not bad for a night ... "I to this type of women never ask a figure - he says a little 'embarrassed - I'll leave it to them, but I must say that with the virtual payment I went pretty well. She then confessed to me that many of her friends are beginning to use this currency for payments. At this point - ends with air manager - I think in the short insert on my site direct payment in bitcoin. Even women are gearing up, then, but for the moment to demand payment in virtual are mostly men. Sonia, Escort of the Old Town, I confessed: "I had to open my account in bitcoin, nearly one out of ten customers prefer this payment, they feel more confident of not being caught by the IRS. And I'm in it for more than the cash, because they generally pay more and a 20% more to hold off the edge of the exchange rate risk. " Intrigued by these statements, I do a tour on the web, and I find two Portaportese online ads for rendezvous where it is stated: "We accept bitcoin." It was once "We accept food stamps," changing times ... Title: Re: BTC Utilty "The Hooker Point" Post by: vokain on July 12, 2013, 02:02:20 PM progress!! ;D
Title: Re: BTC Utilty "The Hooker Point" Post by: hashman on July 13, 2013, 07:39:02 AM I just posted this on a topic elsewhere, but I wanted to give it a thread of its own as it is about BTC price and utility which are fundamental concerns to us all: i cant even get a hooker for btc. ... directly from a provider (without a 3rd party exchange involved) You obviously don't use hookers. Realistically, one can only track escort agencies that accept BTC: (1) Independent hookers are dodgy, on drugs/booze, pathological liars, fly-by-night operators at best... (And I don't care if they are "nice" and have a flashy web site)... These flaky girls NEED an Authority Figure to keep them productive. 100% bullshit. You really think independent folks are more flaky than those who can't stand on their own? Exactly the opposite is true in general. More importantly your analysis leaves out the most important part: location. These things are shaped by legal, historical, and societal factors and change greatly from place to place. Support and be respectful of independent women. Title: Re: BTC Utilty "The Hooker Point" Post by: NewLiberty on July 15, 2013, 01:50:17 PM In San Francisco, apparently you can...
http://classifieds.myredbook.com/term/bitcoin (http://classifieds.myredbook.com/term/bitcoin) (NSFW) Title: Re: BTC Utilty "The Hooker Point" Post by: Dabs on July 16, 2013, 04:26:02 AM There are some tech-savvy girls out there who do these kinds of services. All they need to do is state that they accept bitcoin, and they usually have an android phone with them nowadays.
Title: Re: BTC Utilty "The Hooker Point" Post by: BitcoinIssues on July 17, 2013, 06:38:37 PM Great point. Love it.
Title: Re: BTC Utilty "The Hooker Point" Post by: Tzupy on July 17, 2013, 08:10:34 PM If I'd try to pay a whore with bitcoins, this would result in swearing and cursing, and her pimp would show up and demand fiat.
Title: Re: BTC Utilty "The Hooker Point" Post by: Dabs on July 18, 2013, 01:02:44 AM Hey, gimme a hooker/whore, I'll be her pimp. You can pay me the bitcoins. No swearing here. But please wait 10 minutes (1 block) for confirmation before you disappear with her. No double spending allowed!
Title: Re: BTC Utilty "The Hooker Point" Post by: Kluge on July 18, 2013, 01:09:38 AM Hm. Maybe it's time to really unpeg Bitcoin from the USD and instead get an exchange running where you trade HT (Hooker Time, measured in 10m lease units) for BTC. If it grew large, there would need to be some type of grading system. The Sheldon scale might be appropriate.
Title: Re: BTC Utilty "The Hooker Point" Post by: marcus_of_augustus on July 18, 2013, 06:44:05 AM speaking of androids ... I bet Cherry 2000 takes bitcoins.
Title: Re: BTC Utilty "The Hooker Point" Post by: solex on September 12, 2013, 10:52:59 AM "UK Escort Agency Accepts Bitcoin"
http://business.avn.com/articles/technology/U-K-Escort-Agency-Accepts-Bitcoin-529146.html Title: Re: BTC Utilty "The Hooker Point" Post by: cb90210 on January 21, 2014, 08:30:27 AM I would like to assure you that the "hooker point" is probably more important to take seriously than not.
If there is anyone open to a brief Q & A here with me, I would deeply appreciate it and assure you that your time will not be completely wasted. I am speaking to a large audience in the very near future and seek some clarification on the subject. This is the hooker factor. It's all about the sex industry and the explosion that this market is partaking. Anyone ? xo Thank you in advance for your time xo (image insert not allowed- lol) CB 90210 Title: Re: BTC Utilty "The Hooker Point" Post by: Dabs on January 21, 2014, 09:05:35 AM If a hooker accepts a whole 1.0 bitcoin, today, for her services, that is kinda expensive.
Title: Re: BTC Utilty "The Hooker Point" Post by: NewLiberty on February 10, 2014, 03:21:01 PM If you are looking at trends, within the last month or two the number of hookers accepting bitcoin on MyRedBook.com went from 2 to 32.
The biggest growth was in Las Vegas and seems to have occurred around the time of the Bitcoin conference there. Title: Re: BTC Utilty "The Hooker Point" Post by: Lethn on February 10, 2014, 07:44:34 PM God damnit! Who keeps necroing old threads? >_<
Title: Re: BTC Utilty "The Hooker Point" Post by: vokain on February 11, 2014, 12:52:43 AM If you are looking at trends, within the last month or two the number of hookers accepting bitcoin on MyRedBook.com went from 2 to 32. The biggest growth was in Las Vegas and seems to have occurred around the time of the Bitcoin conference there. I see you NL... ;D Title: Re: BTC Utilty "The Hooker Point" Post by: CryptoPanda on February 12, 2014, 11:18:06 AM I can't find a hooker to pay in gold either, but that didn't kill the trust in gold :)
Title: Re: BTC Utilty "The Hooker Point" Post by: NewLiberty on February 12, 2014, 03:44:17 PM I can't find a hooker to pay in gold either, but that didn't kill the trust in gold :) A gold ring on a girls finger is typically reserved for the ones you don't want to leave. Title: Re: BTC Utilty "The Hooker Point" Post by: sdp on February 15, 2014, 12:56:17 AM I hate to be judgmental, but paying for sex is :P reprehensible. Take a cold shower. Get some friends. Network and find a regular sex partner.
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