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Hi Arnox,
You are mostly right, but, It's not that the pirates aren't interested in webcams, it's that recorded webcam shows are not nearly as interesting as the Live experience.
We have customers who spend a lot of money chatting with the girls they like. They will go and watch the recorded shows, but only the shows that they themselves help create, and even then, not so much. They are much more interested, and more than happy to pay for, the live one-on-one real time GFE - style chat. Porn, movies, video clips and tube sites do not interest them.
Good post!
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