Dear all,
Almost everyone has sex, and most people occasionally watch porn. Many people purchase erotic products online such as lubes and condoms. Despite all this a lot of people still feel that sex is a rather embarrassing topic and almost everyone prefer to keep it private. The online erotic industry is very large, but it is held back due to people being very reluctant to use payment methods that connects their personal identity to their purchases.
Bitcoins are great, but they are designed to be a "serious" currency and something that can ultimately compete with VISA and MasterCard. Because of this I do not think it a good idea to have Bitcoins associated with erotic content. Look at the damage illegal drug sites such as Silk Road has done to Bitcoins. If you throw sex in the mix critics will use it as a sledgehammer against Bitcoins for years to come, despite pornography and erotic articles being legal in most countries. Furthermore Bitcoins are designed to be rather slow and most people will not want to wait an hour or two for payment of erotic movies etc to go through.
Because of this Sexcoins is a very interesting concept. It is likely that we will see a lot of people using Bitcoins to purchase things like cars, houses, Blu-ray players etc within a year or two when it has gone more mainstream. It is also very likely that the very same people will be more comfortable purchasing an erotic article using another payment method entirely to keep their sexual life separated from their more "professional" life. Of course Sexcoins are not anonymous as the transactions can be traced, but they are more discrete than most payment methods. The fact that they are not completely anonymous is actually a good thing in this context, because this discourages illegal use. The purpose is simply to add a level of discretion to a market that most people consume but consider embarrassing.
Here are the rules ----------------------------------------------------------------------------------------------------->
Whoever does the best job of promoting Sexcoins will be declared the winner on January the 10th. This can mean writing a letter to a newspaper and having them publish an article, writing a well-thought out tweet or blogpost etc. The winner will be chosen by me and quality is far more important than quantity so please be tasteful and do not spam.
The prices are as follows:
1st - 20 000 Sexcoins
2nd - 7000 Sexcoins
3rd - 3000 Sexcoins
Furthermore if the price of 1 Sexcoins on January the 10th is greater than 1$ I will double the prices! That means that the winner of the first price will get more than 40 000 $!
To show that I am serious the first six people who post their wallets will receive 1000 Sexcoins each.
Good luck!
UPDATE: Psybits took home the price
Congratulations to him for the massive contribution!
