Quote:
Originally Posted by Bladewire
You don't mind losing 10% value off the top, then losing the fee to cash out, and the percentage at moment of cash out, and time you have to wait for cash out to complete ( days )
You lose more money this way than Bank fees, and even Credit Card processing in the long term ( 1 year )
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You assume that you will lose 10%, but i don't. I think i will make much much much more money, even if i pay a little more % for transactions. You saw that in Holland, when online banking got introduced in Holland 15 years ago or so i doubled my income that month. Finally people could pay easily.
I think the excange to euro's or dollars can be automated, so when they pay with coins, will be transfered to USD. Sometimes you win, sometimes you lose on the exchange rate.
You are paying banking fees now also. And when the bank doesn't like porn, they cut you of when they want. The banks hate you.
The market where you can sell your products will grow much much much bigger.
It will be easier to set up payment system on your site, you can accept money from everywhere without any bank without mastercard/creditcard rules.
Cause you don't need a banking system, you can set up your business where you want. One of the reason business are in countries with high taxes is cause of the banking systems. And you can see it is getting harder and harder to open accounts when you are setting up things in low tax countries.
So you have much bigger market, less banking problems, and reduce cost of payment systems and banking fees (as owner).
I saw people who already banking again on animalsex. Most people won't get into it, but think of some countries where BDSM is illegal, or where pussies must be blurred.
Crypto currency is a great thing for privacy and freedom of speech. It is ridicilous the bankers have such a big influence. And that everyone is able to see where you spent your money. So i support it that pornhub starts with coins. Now some cam sites, dating, sexshops and all is covered. Will take some years, but you must grab the opportunity by the pussy.