Porn Will Be Bitcoin's Killer App

An anonymous reader writes "In December, porn.com started accepting Bitcoin for its premium services, and the virtual currency quickly came to account for 10 percent of sales. At the start of January, a post on Reddit's Bitcoin subforum boosted the figure to 50 percent, before settling down to about 25 percent. The tremendous interest has led David Kay, the marketing director at porn.com's parent company Sagan, to talk very positively about the virtual currency: 'I definitely believe that porn will be Bitcoin's killer app,' he told The Guardian. 'Fast, private and confidential payments.'"

Comments

Re:Another day another bitcoin article

[Flammon]

Bitcoin is not a pyramid. A pyramid is a scheme where a few at the top depend on a large base to keep it going. Bitcoin is a peer to peer system like BitTorrent. Hard to believe you got a score of 5 Insightful for such a non-insightful comment.

Re:seems reasonable

[Zocalo]

I actually tend to side with Snopes, "Status undetermined" on this, and we'll probably never know for certain. That said, a lot of the key components of the story are demonstrably true, making for an awful lot of coincidences that all add credibility to it, including a retelling on Philips' own website and marketing materials of the time specifically mentioning the Furtwangler recording. Here's a link to a story by one of Philips' own engineers on the development process, documenting a sudden (and quite drastic) design change from Sony that had to have been triggered by something. All in all, I think there probably is some truth behind it, but were it a court of law most of the "evidence" would probably be classed as circumstantial, and I also suspect it may have been exaggerated after the fact by the marketing departments of Sony and Philips; it's a nice story, after all.