Custom Porn and Bitcoin Story

[Mobius]

perfect for porn industry. The question is many customers don't know anything about BTC. How could they pay with btc? If offering an big discount by paying with btc, they may have the incentives to learn, buy and pay with btc. Another advantage is anonymous and nothing about this will show up in your bank statement.

From what I got from the article, sellers of porn could offer a very large discount (in the double digits) and still end up with more money at the end of the day. I think this is by far the best industry that is legal to use BTC with.

[botany]

I found it very interesting that the author of the article in the OP was willing to pay 20 and 40% to a third party to receive payment. From what I can tell the third party was providing very little service above collecting payment.

I was also surprised by how much they were willing to pay just to get paid for their work.

They were not willing. They were forced to pay because they had no other options. Bitcoin has changed all that.

[Mobius]

I found it very interesting that the author of the article in the OP was willing to pay 20 and 40% to a third party to receive payment. From what I can tell the third party was providing very little service above collecting payment.

I was also surprised by how much they were willing to pay just to get paid for their work.

They were not willing. They were forced to pay because they had no other options. Bitcoin has changed all that.

The article said multiple times that the price was "well worth it" and that they were happy to only receive 60% and 80% of their sales.

[dadugan]

I found it very interesting that the author of the article in the OP was willing to pay 20 and 40% to a third party to receive payment. From what I can tell the third party was providing very little service above collecting payment.

I was also surprised by how much they were willing to pay just to get paid for their work.

They were not willing. They were forced to pay because they had no other options. Bitcoin has changed all that.

What are the rules to process payment for porn? Why are they force to pay huge fee?

[BanksWorstFear]

I found it very interesting that the author of the article in the OP was willing to pay 20 and 40% to a third party to receive payment. From what I can tell the third party was providing very little service above collecting payment.

I was also surprised by how much they were willing to pay just to get paid for their work.

It's either get 60% of the cut or not work at all. That's what government regulations cause in this environment; and that's why bitcoin is so powerful (being censorship resistant)

[TaunSew]

The big companies like Paypal avoid adult businesses due to the legal liabilities and the fact that many of them go bankrupt all the time.  That means the void has to be filled by smaller companies (which process less volume) which have several employees to pay, hence the enormous fees.

Bitcoin can be the solution to this but Bitcoin still doesn't have a large enough userbase.  Conservative estimates are maybe only 1 million people use Bitcoin when in 10 or 20 years from now it could be a billion with a B.

[BanksWorstFear]

Should have assumed; but YouTube removed our video after flagged
https://twitter.com/BankerWorstFear/status/498515219199451136


We're now on vimeo
http://vimeo.com/102922959

[Mobius]

I found it very interesting that the author of the article in the OP was willing to pay 20 and 40% to a third party to receive payment. From what I can tell the third party was providing very little service above collecting payment.

I was also surprised by how much they were willing to pay just to get paid for their work.

It's either get 60% of the cut or not work at all. That's what government regulations cause in this environment; and that's why bitcoin is so powerful (being censorship resistant)

It wasn't the government regulations that caused the cost of doing business to be so high, it was the fact that there is so much credit card fraud when people buy porn that makes credit card processors charge these high fees. The government is prohibited from censoring or attempting to censor anything due to the 1st amendment.

[Clegg]

Should have assumed; but YouTube removed our video after flagged
https://twitter.com/BankerWorstFear/status/498515219199451136

What was it flagged for? Can't you get them re-instated?

[will_see]

I have no time to read this article but I suppose that its interesting. Could someone who have read it already, write a short variant?

[botany]

Should have assumed; but YouTube removed our video after flagged
https://twitter.com/BankerWorstFear/status/498515219199451136


We're now on vimeo
http://vimeo.com/102922959

Strange. Why should this video be removed?
On what grounds was it flagged?

[eid]

I've been boring a friend silly over the last few months about Bitcoin. Finally I found something which got his interest.  

Thank you Sexy Saffron.

I have no time to read this article but I suppose that its interesting. Could someone who have read it already, write a short variant?

2/10 Please try harder.

[rohnearner]

I have no time to read this article but I suppose that its interesting. Could someone who have read it already, write a short variant?

The article is not that long, but here's tldr version>
 Sexy Saffron and her husband living a normal life [She was a chef and her husband was a mechanical engineer]
 Husband loses job.
 They start porn biz
 They face problems receiving payments
 They start accepting payments in btc and prefer it over any other payment procedure.
END

[counter]

If they are happy doing what they do then more power to them.  Looks like they are off to a good start and getting customers so another potential success story.  Interesting story going from a seemingly "normal" 9-5 type job to the porn industry and as a couple.  Sure it's not the first time but hey it still a bold move IMO. 

[botany]

If they are happy doing what they do then more power to them.  Looks like they are off to a good start and getting customers so another potential success story.  Interesting story going from a seemingly "normal" 9-5 type job to the porn industry and as a couple.  Sure it's not the first time but hey it still a bold move IMO. 

They may be happy doing what they are doing, but how long can they continue this? 

[heybigboy1]

This is great, to stay anonymous! Hopefully it goes big with nrop

[dKingston]

If they are happy doing what they do then more power to them.  Looks like they are off to a good start and getting customers so another potential success story.  Interesting story going from a seemingly "normal" 9-5 type job to the porn industry and as a couple.  Sure it's not the first time but hey it still a bold move IMO. 

I think the mail problem with what they are doing is that they will not be able to do it forever. As they get older they will be less desirable for their clientele and will likely get hired less frequently and get paid less for each "job" (no pun intended). They would likely need to eventually return to some kind of "day job" but it will be harder to do so after being in the industry that they are in.

[BanksWorstFear]

If anyone else has a story of how bitcoin changed their business or life, we'd love to feature it on banks worst fear - Just send us a quick email http://banksworstfear.com/contact

[Mobius]

I have no time to read this article but I suppose that its interesting. Could someone who have read it already, write a short variant?

The article is not that long, but here's tldr version>
 Sexy Saffron and her husband living a normal life [She was a chef and her husband was a mechanical engineer]
 Husband loses job.
 They start porn biz
 They face problems receiving payments
 They start accepting payments in btc and prefer it over any other payment procedure.
END

They didn't really have problems receiving payments. The article talks about how others are not able to use paypal for their business and how others have had their paypal account frozen, but the couple in the article was able to get paid by the payment processors. Their issue what that the payment processors were taking so much of their sales that the couple was not reaching their full potential for income.

[jjc326]

I have no time to read this article but I suppose that its interesting. Could someone who have read it already, write a short variant?

The article is not that long, but here's tldr version>
 Sexy Saffron and her husband living a normal life [She was a chef and her husband was a mechanical engineer]
 Husband loses job.
 They start porn biz
 They face problems receiving payments
 They start accepting payments in btc and prefer it over any other payment procedure.
END

They didn't really have problems receiving payments. The article talks about how others are not able to use paypal for their business and how others have had their paypal account frozen, but the couple in the article was able to get paid by the payment processors. Their issue what that the payment processors were taking so much of their sales that the couple was not reaching their full potential for income.

But does the couple then take the bitcoin and convert it into fiat?  If so that would eat into the potential for income, just like paypal would.