Bitcoin Forum

Other => Archival => Topic started by: andrewbadr on September 15, 2011, 02:23:28 AM



Title: -
Post by: andrewbadr on September 15, 2011, 02:23:28 AM
-


Title: Re: Good news: there is a market for legal payment middlemen
Post by: Yankee (BitInstant) on September 15, 2011, 03:20:53 AM
Some people are willing to pay for adult content, but don't want it associated with them in any way. Bitcoin is perfect for this kind of use case, and I see it as the next step up the legitimacy ladder for our favorite cryptocurrency.

I run a service that lets you subscribe to any kink.com site via Bitcoin. I'm happy to report that I got customers just by posting on this forum, but now there's a website too (http://www.btckink.com/) that I'm going to start promoting. This is a great success for Bitcoin!

I encourage you to pick some other adult site and set up a similar payment middleman service. In fact, it doesn't have to be an adult site -- anything legal that someone might not want to be associated with.

Serving a real need is the best way to get Bitcoin adopted more widely.

Great Job dude! Really impressed with your service  :D


Title: Re: Good news: there is a market for legal payment middlemen
Post by: CornedBeefHash on September 15, 2011, 03:56:46 AM
I wonder if this thread is short because no one wants to admit to using internet porn. (even though it's 4.2 million websites (12% of total websites worldwide and 420 million pages) the good old USA being the top video porn producer) LOL

http://internet-filter-review.toptenreviews.com/internet-pornography-statistics.html  and this is old data, probably much worse now!



Title: Re: Good news: there is a market for legal payment middlemen
Post by: nmat on September 15, 2011, 03:58:45 AM
Congratulations :) It's always nice to see bitcoins being used outside of exchanges. I believe some other user here was offering reality kings accounts... Maybe you could team up and sell accounts through the same website?


Title: Re: Good news: there is a market for legal payment middlemen
Post by: giszmo on September 15, 2011, 10:38:02 AM
Disclaimer: I'm into business, not into your porn ;)

I tried it out but don't quite understand what it is. So there is a drop down with categories labelled "sites" and a field "kink username". Coming to your site not knowing kink.com at all it's very confusing! So at kink you subscribe per category? Interesting concept.

Anyway so what happens next? What happens if I pay too late? Will you take the money? Will you send it back to where it came from? After how many confirmations will you accept the payment?

Does kink know/like your service? Do you pay them by credit card? Will they lock you down for fraud when the same credit card is used a million times for different accounts? How does the credit card provider like your service?

Please tell (a lot) more about the implications of running such a service as I was thinking about doing something similar for prepaid cards and essentially everything that you only buy a little letter sequence at. Many browser games have gift codes and such.

My concerns were:
  • Will the original vendor like my business? If I want to resell prepaid card numbers do they have an API so I can buy them in bulk or would I have to scrub the cards open and get sued over it?
  • Will the payment provider like it or lock down my credit card for fraud suspicions?
  • Is it sensitive with respect to money laundering laws or so. (This one would more apply to prepaid cards then to porn subscriptions)


Title: Re: Good news: there is a market for legal payment middlemen
Post by: bbit on September 15, 2011, 04:29:48 PM
Looks like your idea is going to be taken to another level :)

https://bitcointalk.org/index.php?topic=44200.0