Bitcoins For Porn Joins?

[BFT3K]

This article hit The Huffington Post today...

Bitcoin's Future Could Be In Porn

[Fat Panda]

porn's future is in bitcoins

[dyna mo]

:::::::::

“Because bitcoin functions pretty much as cash, it has a vast advantage over other options,” said Amelia G, who refers to herself as “chick in charge” of the erotica site BlueBlood.com.

G’s website began accepting bitcoins as payment on Wednesday. To promote the new initiative, she offered free BlueBlood.com T-shirts to the first 100 people who signed up to use the service.

[Fat Panda]

no names, no addresses NO REFUNDS OR CHARGEBACKS

[_Richard_]

i bet some editor got caught surfing porn and is now pumping out a bunch of pornography articles to 'cover his/her ass'

[DWB]

Who writes this crap?

When we all start putting our site names on their credit cards and make bitcoin as easy to get as use as paypal, then maybe. Until that happens, there isn't any advantage for the average Joe to use them to buy porn, and anyone who knows how to use them now surly doesn't have to pay for porn.

[DWB]

Originally Posted by SAC

no names, no addresses NO REFUNDS OR CHARGEBACKS

Or REBILLS.

We hardly have any chargebacks anyway. Refunds happen in any business, but those are minimal as well.

[_Richard_]

Originally Posted by DWB

and anyone who knows how to use them now surly doesn't have to pay for porn.

seriously lol

[dyna mo]

Originally Posted by SAC

no names, no addresses NO REFUNDS OR CHARGEBACKS

that an issue from the consumer's view.

[BFT3K]

A PayPal-style system for adult makes much more sense, I think.

[DWB]

Originally Posted by BFT3K

A PayPal-style system for adult makes much more sense, I think.

I would blow everyone at Paypal if they would allow pay sites to accept paypal payments. It's too easy to pay with Paypal, unlike a credit card where you have to find your card, enter shit, correct it if it's wrong, get denied, call someone, and so on. Fuck, nightmare.

[Sly]

Originally Posted by DWB

I would blow everyone at Paypal if they would allow pay sites to accept paypal payments. It's too easy to pay with Paypal, unlike a credit card where you have to find your card, enter shit, correct it if it's wrong, get denied, call someone, and so on. Fuck, nightmare.

Whenever I'm shopping and am given the option between credit card and PayPal, I always take PayPal. Click, click, boom.

[candyflip]

Originally Posted by Sly

Whenever I'm shopping and am given the option between credit card and PayPal, I always take PayPal. Click, click, boom.

I just used the self checkout at Home Depot. Paid using my Paypal account.

[ForrestBlack]

Originally Posted by DWB

...there isn't any advantage for the average Joe to use them to buy porn, and anyone who knows how to use them now surly doesn't have to pay for porn.

I don't have to pay for music, but I do still choose to support artists I like, and by the same token, I still support porn sites that produce quality work or provide worthwhile services. You don't have to tip your waitress either, but somehow that isn't frowned upon as being a stupid thing to do.

[ForrestBlack]

I do miss being able to take Paypal directly though, back when they were sending billing reps to the adult conventions, trying to get business.

[DWB]

Originally Posted by Sly

Whenever I'm shopping and am given the option between credit card and PayPal, I always take PayPal. Click, click, boom.

Me too. I use my CC as little as possible online.

Originally Posted by ForrestBlack

I don't have to pay for music, but I do still choose to support artists I like, and by the same token, I still support porn sites that produce quality work or provide worthwhile services. You don't have to tip your waitress either, but somehow that isn't frowned upon as being a stupid thing to do.

Music is an art. Artists should be funded. Fucking for money isn't an art. It's fucking for money in front of a camera. We should all consider ourselves lucky people do still choose to pay for porn, because there is honestly no reason to. I used to be a porn consumer years ago, but now why would I? EVERYTHING I could ever want is either on Xhamster. PornHub. EVERYTHING. And that doesn't even get into not trusting a single company in this business with my credit card.

[AmeliaG]

Originally Posted by DWB

Me too. I use my CC as little as possible online.



Music is an art. Artists should be funded. Fucking for money isn't an art. It's fucking for money in front of a camera. We should all consider ourselves lucky people do still choose to pay for porn, because there is honestly no reason to. I used to be a porn consumer years ago, but now why would I? EVERYTHING I could ever want is either on Xhamster. PornHub. EVERYTHING. And that doesn't even get into not trusting a single company in this business with my credit card.

I don't generally make a thing of it on GFY because I am here mostly to keep my finger on the pulse of adult internet business and technology and promote SpookyCash and to read the occasional entertaining post by nicks I find witty, but I absolutely consider what I create to be art. Art with something to say. And I stand behind that. For the site members who agree with me, their support makes it possible for me to keep creating.

I'm jazzed to be interviewed for The Huffington Post business section, but I do think Bitcoins are more useful for sites where people wouldn't want a T-shirt promoting them. I hadn't really thought about the anonymity issue when I made the free T-shirt offer and, as thousands of people have purchased Blue Blood swag, I thought it would be a good offer.

If anyone is looking for a Bitcoin gateway, feel free to contact me via the SpookyCash contact form once we are done with beta-testing. Bitcoin is only available on non-affiliate tours right now.

[ForrestBlack]

Originally Posted by DWB

Music is an art. Artists should be funded. Fucking for money isn't an art. It's fucking for money in front of a camera. We should all consider ourselves lucky people do still choose to pay for porn, because there is honestly no reason to. I used to be a porn consumer years ago, but now why would I? EVERYTHING I could ever want is either on Xhamster. PornHub. EVERYTHING. And that doesn't even get into not trusting a single company in this business with my credit card.

Not all membership sites are as bland as 'fucking for money' though. I wouldn't pay for elevator music any more than I would pay for what you are describing as all porn. Some sites are art, and yes, their work also shows up on xHamster and PornHub, but if they all die off because nobody thought it was the least bit cool to support them, then all you will be left with on those tubes is dated shovelware.

Your credit card trust issues point just underlines the usefulness of alternative payment options like Bitcoin.

[Scat in the Hat]

[MainstreamGuy]

Originally Posted by AmeliaG

I don't generally make a thing of it on GFY because I am here mostly to keep my finger on the pulse of adult internet business and technology and promote SpookyCash and to read the occasional entertaining post by nicks I find witty, but I absolutely consider what I create to be art. Art with something to say. And I stand behind that. For the site members who agree with me, their support makes it possible for me to keep creating.

I'm jazzed to be interviewed for The Huffington Post business section, but I do think Bitcoins are more useful for sites where people wouldn't want a T-shirt promoting them. I hadn't really thought about the anonymity issue when I made the free T-shirt offer and, as thousands of people have purchased Blue Blood swag, I thought it would be a good offer.

If anyone is looking for a Bitcoin gateway, feel free to contact me via the SpookyCash contact form once we are done with beta-testing. Bitcoin is only available on non-affiliate tours right now.

And how did you reach that newspaper exactly?

They contacted you from nothing? They had your contact info from before?

You got some free Propaganda in their newspaper.

Very strange.

[NinjaSteve]

Two problems I see with bitcoins for payment...

1) People who don't know about bitcoins go to the bitpay checkout and say "wtf? how do I pay for this?" because I see no option to buy any bitcoins or pay real money.

2) People who do know, but have no coins, they need to go through a process to either link a checking account or wire money to some place in Japan etc and wait 5 days for the funds to arrive, and then they have to buy the bit coin.

There's no easy solution to buy bitcoins and that's why bitcoins won't be used that much. And is it possible to give credit to affiliates when accepting bitcoins?

[Paul]

Originally Posted by AmeliaG

I don't generally make a thing of it on GFY because I am here mostly to keep my finger on the pulse of adult internet business and technology and promote SpookyCash and to read the occasional entertaining post by nicks I find witty, but I absolutely consider what I create to be art. Art with something to say. And I stand behind that. For the site members who agree with me, their support makes it possible for me to keep creating.

I'm jazzed to be interviewed for The Huffington Post business section, but I do think Bitcoins are more useful for sites where people wouldn't want a T-shirt promoting them. I hadn't really thought about the anonymity issue when I made the free T-shirt offer and, as thousands of people have purchased Blue Blood swag, I thought it would be a good offer.

If anyone is looking for a Bitcoin gateway, feel free to contact me via the SpookyCash contact form once we are done with beta-testing. Bitcoin is only available on non-affiliate tours right now.

How are signups going with Bitcoins? Are you getting many signups from Bitcoins?

BTW congrats on implementing it, I think Bitcoin is perfect for adult sites & micro payments and if more porn sites embraced Bitcoin it could really take off as alterative form of payment.

[Paul]

Originally Posted by NinjaSteve

Two problems I see with bitcoins for payment...

1) People who don't know about bitcoins go to the bitpay checkout and say "wtf? how do I pay for this?" because I see no option to buy any bitcoins or pay real money.

2) People who do know, but have no coins, they need to go through a process to either link a checking account or wire money to some place in Japan etc and wait 5 days for the funds to arrive, and then they have to buy the bit coin.

There's no easy solution to buy bitcoins and that's why bitcoins won't be used that much. And is it possible to give credit to affiliates when accepting bitcoins?

There are other exchanges other than Mt.Gox

For example - https://localbitcoins.com - You can meet people who are selling them in your area and pay by cash or bank transfer if buying through the website.

[Dirty F]

Originally Posted by DWB

Who writes this crap?

When we all start putting our site names on their credit cards and make bitcoin as easy to get as use as paypal, then maybe. Until that happens, there isn't any advantage for the average Joe to use them to buy porn, and anyone who knows how to use them now surly doesn't have to pay for porn.

Don't be bitthurt man. It's not too late to get on the train.

[adultmobile]

Originally Posted by BFT3K

A PayPal-style system for adult makes much more sense, I think.

We use one: http://clickandbuy.com

But lots users skip it as do not want to lose time in the validation process to do once, they prefer to enter card in easiest form, than make a "wallet" like paypal.

[BFT3K]

Originally Posted by adultmobile

We use one: http://clickandbuy.com

But lots users skip it as do not want to lose time in the validation process to do once, they prefer to enter card in easiest form, than make a "wallet" like paypal.

Does http://clickandbuy.com allow adult processing?

[dyna mo]

perhaps btc could have potential in tipping cam girls?

[BFT3K]

Originally Posted by adultmobile

We use one: http://clickandbuy.com

But lots users skip it as do not want to lose time in the validation process to do once, they prefer to enter card in easiest form, than make a "wallet" like paypal.

According to their own terms and conditions, they do not allow adult...

ClickandBuy Acceptance Policy

Summary

ClickandBuy publishes its Acceptance Policy in order to maintain compliance with applicable legislation as well as policies which may ? if violated - affect our ability to supply a quality payment service to its customers.

ClickandBuy must not be used to send, receive, upload, download, use, re-use, offer or supply any offer or other message, information or material or to advertise, promote, sell or offer for sale any information, material or product which can be assigned to one of the categories below. Any transaction appearing on ClickandBuy which does appear to fall onto one of these categories may be reversed and any ClickandBuy account not adhering to this policy may be suspended or terminated to prevent further breach of our guidelines as per the Terms and Conditions of service.

Some of the guidelines require detailed knowledge of laws in different countries. As ClickandBuy does not always have that detailed knowledge of all business sectors in all jurisdictions around the world, it is ultimately the account holder's responsibility to trade only where and when it is legal to do so. Any customer who is unsure of their legality, or disregards this guidance, is deemed to be in breach of these guidelines.

1. Illegal Adult Content or Services
ClickandBuy will not process transactions which are related to goods or services, including an image, which is partly offensive and lacks serious artistic value such as:

Mutilation of a person or body parts
Scenes depicting acts of bestiality, incest, rape, non-consensual sexual behaviour, or sexual exploitation of a minor (or a person who may appear to be a minor)
Escort Services
Or any material considered to be ?extreme? or ?violent? pornography as per Section 63 of the UK Criminal Justice and Immigration Act 2008
Or any other material that ClickandBuy, at its sole discretion, deems unacceptable for sale in connection with its brand.

2. Firearms, Weapons and Knives
ClickandBuy may not be used in the purchase or sale of any physical firearm. This includes all rifles, shotguns, and handguns, whether for use in sporting, as collectables, or curio and relic firearms, and regardless of their present working order.

Also, ClickandBuy may not be used to buy or sell ammunition or gunpowder. The term "ammunition" means ammunition or cartridge cases, primers, bullets, or propellant powder designed for use in any firearm.
ClickandBuy may also not be used in the purchase or sale of knives unless the website provides an age restriction clause and verify their customers? date of birth in line with the Violent Crime Reduction Bill (2006) in the UK. The current age restriction is 18 years.

This guideline does not extend to advertisements for such items. Advertisements would be permitted to be charged for using ClickandBuy.

3. Illegal Drugs & Paraphernalia
ClickandBuy may not be used to fund, in any way, the purchase of illegal drugs, or materials, utilities or paraphernalia (equipment used to administer or produce drugs) which could be construed to be for the use of administering illegal drugs.

This guideline is designed to provide clarification regarding illegal drugs. It is accepted that some drugs are classified differently from country to country, and therefore may not be illegal. Queries relating to specific cases should be directed to the ClickandBuy Compliance department.

4. Unauthorized Copies (infringement of copyright)
ClickandBuy will not accept transactions which trade (or appear to trade) in unauthorized copies (pirated, duplicated, backup, etc.) of software programs, video games, music, movies, television programs, photographs or any other products which could be in breach of copyright law in any territory.

5. Pyramid Selling vs. Multi-Level Marketing, ?get rich quick? and Ponzi schemes
ClickandBuy will not accept transactions which follow the Pyramid Selling model.

There could be confusion between an acceptable multi-level marketing scheme and a pyramid selling scheme. In such cases, clarification should be sought from ClickandBuy?s Compliance department.

6. Remote IT Support Services
As of August 2011, ClickandBuy will generally not accept merchants which provide remote IT support, (for example PC troubleshooting and problem diagnosis). Further clarification should be sought from ClickandBuy?s Compliance department.

7. Off-Shore Bank Account Services
ClickandBuy will not accept merchants who provide advice on setting up off-shore bank accounts.

8. Third Parties? Rights
ClickandBuy will not process transactions which are related to goods or services, including images, which are offensive, abusive, defamatory, otherwise obscene or menacing, in breach of confidence, privacy or any other rights of third parties, or which will cause annoyance, inconvenience or needless anxiety.

9. Further Restrictions
Some transactions may be supported by ClickandBuy, however with specific restrictions. Examples of such transaction types are listed below, and clarification on acceptability can be obtained from the ClickandBuy Compliance department.
Alcoholic Beverages and Tobacco
Pharmacy ? Nutriceuticals
Stored Value Cards & Pre-Paid Debit Cards
Adult Content
Gambling (including Casinos, Lotteries & Skill Games)
Foreign Currency Exchange
Content Aggregators
Dating Sites
Virtual Currency
Unregulated Insurance Firms

The contents of this policy are not exhaustive, and may be updated at any time in order to satisfy ClickandBuy?s own corporate risk management processes. Any uncertainty over accepting transactions via ClickandBuy should be clarified by contacting the ClickandBuy Compliance department via compliance(at)clickandbuy.com

[BFT3K]

CNN Just did a piece on Bitcoins, featuring a bar in NYC that accepts them.

[AmeliaG]

Originally Posted by NinjaSteve

Two problems I see with bitcoins for payment...

1) People who don't know about bitcoins go to the bitpay checkout and say "wtf? how do I pay for this?" because I see no option to buy any bitcoins or pay real money.

2) People who do know, but have no coins, they need to go through a process to either link a checking account or wire money to some place in Japan etc and wait 5 days for the funds to arrive, and then they have to buy the bit coin.

There's no easy solution to buy bitcoins and that's why bitcoins won't be used that much. And is it possible to give credit to affiliates when accepting bitcoins?

When folks buy stuff in dollars, they don't usually go buy dollars first. The earn them via goods and/or services. While there are always currency traders, Bitcoin ultimately needs to be the same and I think mostly is for the folks who have bought from us so far.

SpookyCash only has Bitcoin rolled out for non-affiliate tours, although we have some thoughts we are exploring on how to incorporate them on the affiliate side as well.

[BFT3K]

Some ClickAndBuy.com reviews...

http://www.reviewcentre.com/reviews239738.html

[Brent 3dSexCash]

Originally Posted by AmeliaG

When folks buy stuff in dollars, they don't usually go buy dollars first. The earn them via goods and/or services. While there are always currency traders, Bitcoin ultimately needs to be the same and I think mostly is for the folks who have bought from us so far.

SpookyCash only has Bitcoin rolled out for non-affiliate tours, although we have some thoughts we are exploring on how to incorporate them on the affiliate side as well.

I think the affiliate side may be the trickiest part to figure out. Maybe I am missing something but it seems the only way it would really work with affiliates sending traffic is if he credit card processing company (ie ccbill) integrated it into their checkout pages so that the affiliate link tracked the bitcoin purchase.

Or maybe it would be a good option in a cascade if the user was denied for whatever reason.

[adultmobile]

Originally Posted by BFT3K

Some ClickAndBuy.com reviews...

http://www.reviewcentre.com/reviews239738.html

LOL that seems bad reviews. It is mostly popular in european sites, it was in livejasmin, and should still be in adultwork.com and several euro sites.
They allow adult, unlike TOS posted, just have to specify is adult and they hide american express and raise the % fee as "high risk".
They pay only once a month, this may not be liked by everyone too (sale you do on 1st of month you get on 3rd of next month, together with sale made up to 31st).

Said so, if there's so bad review for clickandbuy wallet (which is owned by deutsche telecom, a big multinational, and claims 13 million users: http://en.wikipedia.org/wiki/ClickandBuy ), imagine the reviews for a bitcoins wallet... from the average joes.

[signupdamnit]

You can't blame a sponsor for trying. I mean the processors take advantage of people. $500 for this, $500 for that. 15% fees, late payments, hold backs, no questions asked chargebacks and refunds, double chargebacks, chargeback fees, scrubbing. I bet many would love to cut out their processor.

[signupdamnit]

A thought just came to me (I know, I know - lol)

Wouldn't it make sense for a sponsor to cut prices for bitcoin users since they cut out some fees by using bitcoin? This might provide an incentive for surfers to start using it.

Further might it make sense for many sponsors to get together early on and offer radical discounts for bitcoin users in order to encourage adoption of bitcoins as a payment method for porn? For example maybe by starting to offer $5/mo or even $1 a month memberships for a limited time.

It seems to me that if bitcoins became a more common payment method in our industry that most of us would be far better off. It could also give you a lot of free publicity "NSFW: Porn site offers $30 a month membership for $1 a month to bitcoin users"

[BFT3K]

[CAHEK]

Sure you can buy stuff with BTC, but in reality it's still an investment (and a horrible one), because most people don't see it in terms of the economy it supports, but how many dollars they can get for it.

[Dirty F]

Originally Posted by CAHEK

Sure you can buy stuff with BTC, but in reality it's still an investment (and a horrible one), because most people don't see it in terms of the economy it supports, but how many dollars they can get for it.

In the other topic you showed how much you know about it. Sursprise surprise. Nothing. Just like every other bitthurt hater here.
How about you start reading and stfu for now so you don't look like a fucking imbecile.

[Barry-xlovecam]

Originally Posted by AmeliaG

[S]pookyCash only has Bitcoin rolled out for non-affiliate tours, although we have some thoughts we are exploring on how to incorporate them on the affiliate side as well.

Here is a deceivingly simple solution -- pay the affiliate in the same divisional value of the Bitcoin divisional value that you accepted in payment!

Be an accounting nightmare <sarcasm>but I am SO sure the affiliates ( a fixed percentage expense ) would love to receive the same divisional Bitcoin in payment for their work that you originally received at the time of the sale </sarcasm>. Affiliates speculating in the values of their commissions -- win or lose ...

Affiliate compensation is a delayed payment on a contractual basis. Thus, Affiliate contracts are payable in lawful currency So on a practical basis; the Affiliate contacts would have to be amended to provide for this sort of payment: In essence a pass through barter.

[- Jesus Christ -]

[signupdamnit]

Originally Posted by Barry-xlovecam

Here is a deceivingly simple solution -- pay the affiliate in the same divisional value of the Bitcoin divisional value that you accepted in payment!

Be an accounting nightmare <sarcasm>but I am SO sure the affiliates ( a fixed percentage expense ) would love to receive the same divisional Bitcoin in payment for their work that you originally received at the time of the sale </sarcasm>. Affiliates speculating in the values of their commissions -- win or lose ...

Affiliate compensation is a delayed payment on a contractual basis. Thus, Affiliate contracts are payable in lawful currency So on a practical basis; the Affiliate contacts would have to be amended to provide for this sort of payment: In essence a pass through barter.

There are definite potential advantages for affiliates depending on how it is set up though. For starters if you give affiliates their own unique address or addresses then it becomes easier for an affiliate to check for shaving since all transactions are able to be publicly viewed. The affiliate will be able to see how much money has really been sent to an address. If I see payments to a given address but the sponsor tells me there has been nothing then I know I am getting bullshitted. Yes there are ways to get around it such as by presenting different payment addresses but it's easier for the affiliate to detect that.

I'm not sure how to implement this technically at the moment but I'm thinking there is a way.

[adultmobile]

Let's say I run a cam site, I add bitcoins to existing systems, I replace credit cards with bitcoins, I have:

1) guys who pay in bitcoins on day 1
2) models who are paid in bitcoins (or bitcoins->paxum) on day 7+ or 15+
3) affiliates who are paid in bitcoins (or bitcoins->paxum) on day 7+ or 15+

Issue there: bitcoins value it changes at least every hour, imagine on 7+ days it can change so it value half or one third (I will skip the case it values more, as in this case no coplaints).

Affiliates could complain that they generated a $1000 worth sales on day the sales happened, but that was X bitcoins, which are paid as X bitcoins a week later, where this in USD it is just $800 or $100. They will want a % from the $1000 the bitcoins was worth in the moment of the sale (if in meantime bitcoins went down), or be silent it bitcoins value more in meantime

Cam girls, I deal with them I know they would not work if not knowing exactly what they get per minute or per group/tip event. So let's say a guy offer X bitcoins tip for her to do a show, she sees X bitcoins is $Y for her, she does it. Then when paid X bitcoins after 7+ days, she gets half or one third of $Y, she will no more accept bitcoins shows and tell every other cam girl that this is a rip off.

Let's optimise the models and affiliate payments to "as fast as possible", still it is not realtime, because you can't pay realtime the credit card sales you receive, and making bitcoins and USD flows and pay periods different would be a mess, also not worth if bitcons is 0.001% of the sales.

Further, the site would hold the bitcoins for these 7+ days of hold period before payouts, and like banks reinvest all their depositors cash, they could be tempted to sell and re-buy those bitcoins, eventually having bad luck one day and (like Lehman Bros's or Cyprus banks) end up that "the bitcons are in motion" and really vanish as Epassporte done.

The only perhaps viable solution it is a realtime (and I mean really realtime) split of the bitcoins between site, affiliate (if any) and model, on the moment of the customer pays with bitcoins. Zero hold period, immediate rev share... is this true that chargeback can't happen on bitcoins, should be viable. Then it is model, affiliate with bitcoins from instant the user paid, and their fault if they did not sold it before it lost value.
There could be setup some automatic bitcoin seller script for models (or affiliates, but mostly models) who don't care of bitcoins and just want the cash asap always.

Obviously this should be a custom cam site, like bitcoincams.com (I see it is at godaddy auction for $4k...), working only with bitcoins and in realtime. Could be some special rooms of existing site which is accessible from other url, only with models who accept this thing. I mean I could even release a site like this myself with girls online and all, but I don't believe in bitcoins in long term - yet.
Also I don't believe any affiliate here could bring bitcoin-paying customers enough to keep models interested, even if I gave 45% to models and 45% to affiliates and site kept 10% only.

But future virtual coins, not yet release and not based on gpu mining, and with some other differerencies, it may become stable. Much like Napster (who started p2p sharing but closed) could be bitcoins - set to die despite being credited as first of its genre, and bittorrent (who will probably never die) this new cryptocurrency yet to be release and possibly to be like star trek way to pay in future, without local governments and banks to regulate.

[AmeliaG]

Bitcoin will eventually stabilize in value. Lots of currencies fluctuate.

Hence forex. Y'all know what forex is, right? Yes, you can speculate in the currency market, but currency is not the same thing as stock and suchlike.

SpookyCash sites accept payment in Euros, Pounds, and Yen as well and, just like everyone else does this, US affiliates get paid out in whatever that was worth in dollars at the time of payment.

Here is the Dictionary.com definition of currency, for those of y'all who are still approaching Bitcoin like it is stock.

[signupdamnit]

adultmobile, there isn't any reason to "hold" bitcoins for payouts. You should pay that same day ideally. It's not as if the surfer can chargeback or commit some sort of fraud which would leave you on the hook. Bitcoin transfers are forever and final.

[adultmobile]

Originally Posted by signupdamnit

adultmobile, there isn't any reason to "hold" bitcoins for payouts. You should pay that same day ideally. It's not as if the surfer can chargeback or commit some sort of fraud which would leave you on the hook. Bitcoin transfers are forever and final.

I heard it, but I wanted to see if anyone coud come up with exceptions to this (there was bugs and ddos's in past, so can be in future too).

So let me do a bitcamgirls.com or so, live girls accept payment in bitcoins only, give 30% to models and 60% to affiliates, interface with everything. Perhaps the "press" would talk of it for free just because it is a bitcoins curiosity thing in a bitcoins momentum.
But, would any affiliate bring "bitcoin-paying customers" enough to keep this up?

[Barry-xlovecam]

CURRENCY. The money which passes, at a fixed value, from hand to hand; money which is authorized by law.
http://legal-dictionary.thefreedictionary.com/currency

What is CURRENCY?

Coined money and such bank-notes or other paper money as are authorized by law aud do in fact circulate from hand to hand as the medium of exchange. Griswold v. Hepburn, 2 Duv. (Ky.) 33; Leonard v. State, 115 Ala. SO, 22 South. 504; Insurance Co. v. Keirou, 27 111. 505; Insurance Co. v. Ivupfer, 2S 111. 332, 81 Am. Dec. 284; Lackey v. Miller, 01 N. O. 20.

Featuring Black?s Law Dictionary
http://thelawdictionary.org/currency/

I'll go with the legal definition -- you can take that to court.

[dyna mo]

Originally Posted by AmeliaG

Bitcoin will eventually stabilize in value. Lots of currencies fluctuate.

Hence forex. Y'all know what forex is, right? Yes, you can speculate in the currency market, but currency is not the same thing as stock and suchlike.

SpookyCash sites accept payment in Euros, Pounds, and Yen as well and, just like everyone else does this, US affiliates get paid out in whatever that was worth in dollars at the time of payment.

Here is the Dictionary.com definition of currency, for those of y'all who are still approaching Bitcoin like it is stock.

the fact is it is being speculated on exponentially more right now than it is being treated like a currency. while the concept is a currency, it is not acting like currency now.

[dyna mo]

i know what forex is.

i also know what icbit is.

[FingerPrinter]

Not one GFY idiot at least within the first 40 posts, after which I stopped reading, didn't even mention the very obvious and alarming problem with bitcoin:

IT ALSO MAKES IT 100X EASIER TO ACCEPT PAYMENT TO FILE LOCKERS AN PIRACY-BASED SITES!!!!

Not surprising because nearly everyone that posts here is a moron, but I thought I should point that out to everyone as well

[dyna mo]

it's pretty common knowledge here and across all the internets that bitcoin is primarily used in illicit trade right now.