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Author Topic: can prostitution benefit from bitcoin?  (Read 8546 times)
paulie_w
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September 29, 2012, 06:09:05 PM
 #1

i know we have btc cams which are mildly popular (at least within the community?), but how about the world's actual oldest profession?

is there anything that bitcoin makes safer, easier and more efficient for this industry?

discuss.
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September 29, 2012, 06:16:47 PM
 #2

Go ask one if she takes bitcoins and tell us lol JK I guess it could work like silk road lmfao

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September 29, 2012, 06:17:19 PM
 #3

a single-confirmed transaction would sure be nicer than counterfeit dollarbills.

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September 29, 2012, 06:24:23 PM
 #4

I'm sure some of them could wrap their head around bitcoin, but perhaps uptake would happen at 'brothels' first, where some tech saavy person could organize it ? After all, then you wouldn't have that odd statement from this odd country on your credit card bill. In some countries, like Norway, it's a crime to purchase sex, even if it's done abroad.

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September 29, 2012, 06:35:52 PM
 #5

I'm not sure why it would offer much advantage over cash.  Bitcoin is useful for the sale of illicit goods because it enables a remote transaction.  You don't have to meet the seller.  With prostitution, I'm pretty sure "meeting the seller" is the point.  I suppose it might be useful from a prostitute's perspective to reduce the risk that you're robbed by your client.  Prostitutes can always demand payment up front, but with cash it's possible that the client could try to steal the money back after the services have been rendered. (And unfortunately, prohibition always increases the risk of violence and theft because it makes it difficult or impossible for the victims to use the police or the courts to seek redress.)  With Bitcoin, the payment can be sent to an account that's stored offline in a remote location. That way it's impossible to return the money immediately even under duress.
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September 29, 2012, 06:38:36 PM
 #6

I'm not sure why it would offer much advantage over cash.  Bitcoin is useful for the sale of illicit goods because it enables a remote transaction.  You don't have to meet the seller.  With prostitution, I'm pretty sure "meeting the seller" is the point.  I suppose it might be useful from a prostitute's perspective to reduce the risk that you're robbed by your client.  Prostitutes can always demand payment up front, but with cash it's possible that the client could try to steal the money back after the services have been rendered. With Bitcoin, the payment can be sent to an account that's stored offline in a remote location. That way it's impossible to return the money immediately even under duress.

+1 same thought I had lol It is prime for police entrapment.

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September 29, 2012, 06:49:09 PM
 #7

I take BTC for prostitution services.

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September 29, 2012, 08:15:00 PM
 #8

Does anyone take BTC for donuts?
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September 29, 2012, 08:18:36 PM
 #9

I don't think it's an attractive alternative compared to cash. I think the best use for bitcoin, are
gambling, illegal goods, money laundering, adult film/product industry. Currently bitcoin do not offer
a compelling reason for any other industries to switch.

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kwoody
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September 29, 2012, 11:54:38 PM
 #10

I'll take a D bust redhead from Ireland/Scotland for BTC. Make it happen.
paulie_w
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September 30, 2012, 12:23:29 AM
 #11

do prostitutes have to worry about getting caught doing the monetary exchange?
helloworld
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September 30, 2012, 01:38:40 AM
 #12

What about using an escrow?

Can btcrow attend the 'meeting' to ensure a safe transaction?  Grin
SaltySpitoon
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September 30, 2012, 01:41:41 AM
 #13

I take BTC for prostitution services.

That's not saying much. You'd take donuts for prostitution services.

Depends if I'm hungry or not I guess.

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ZodiacDragon84
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September 30, 2012, 02:07:11 AM
 #14

I'll take a D bust redhead from Ireland/Scotland for BTC. Make it happen.

How much we talking here?

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September 30, 2012, 03:14:20 AM
 #15

do prostitutes have to worry about getting caught doing the monetary exchange?

Depends on the country. In Canada it's not illegal to take money for sex... the part the is illegal is the "solicitation", ie discussing the price etc. Also, if it's done in the woman's house, they get them for running a "common bawdy house". Pretty messed up laws, but what do you expect.

I also don't see much value in bitcoin for most prostitutes, at least until there is a solid debit card. However as someone mentioned, the idea of prepaying in a nonrefundable way would prevent robberies, so there's that. Higher end brothers/services could use it to avoid taxes.
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September 30, 2012, 03:19:19 AM
 #16

i know we have btc cams which are mildly popular (at least within the community?), but how about the world's actual oldest profession?

is there anything that bitcoin makes safer, easier and more efficient for this industry?

discuss.

Actually if you ever seen the show cops, no money has to be exchange to get busted for prostitution, you just have to make a deal so I don't how bitcoins would help or fix that?

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September 30, 2012, 04:56:19 AM
 #17

To answer the OP, I think so.

Secrecy is often of importance to both parties, perhaps one more so than the other.

BTC provides this.

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September 30, 2012, 07:35:02 AM
 #18

You might be in and out before the first confirmation  Tongue

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September 30, 2012, 03:39:18 PM
 #19

In most places in the USA, they get around the prostitution part by classify it as escorting. They aren't having sex for money, you are paying for the companionship/time.
During that companionship/time anything can happen between consenting adults. But if you agree on a service(IE Sex,etc) ahead of time its illegal.
The Money transfer is also handled differently, you will never see them handle money. They will ask you to put in someplace visible and spread it out(no envelope) so they can verify the amount.

My information is from a childhood friend who's ex-wife ran a escort company
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October 01, 2012, 11:27:30 AM
 #20

At the conference one of the speakers mentioned how so far BTC hasn't proved popular for prostitution, but rather then cash a popular currency for escorts/prostitutes is Amazon Gift Certificates. 

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