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:People still pay for porn?

[SuricouRaven]

I suppose if you have a really uncommon and specific fetish, maybe? Or maybe it's a 'support the artists' thing? Show them their work is appreciated, and they'll make more.

Re:Why is everyone claiming Bitcoin is anonymous?

[TubeSteak]

More importantly for the porn companies: no charge backs.

goodbye

[Anonymous Coward]

I might not be a registered user, but I've been a Slashdot regular for years. The overall decline of quality of submissions is nothing new, but this particular one puts me over the edge. Recently, Slashdot's become only worth it for the comments, but as even this section's become practically unreadable (and I'm not even talking about the changes to the layout), I guess I owe you a quick final goodbye as I proceed remove Slashdot from my RSS reader in favor of multiple, more specialized news sources.

-m
P.S. While I couldn't care less about my moderation, before anyone flags this off-topic, please consider whether there's any words at all that can be written ON-topic, given the submission.

Re:Pay for pr0n

[r2kordmaa]

If your business focuses on morons you will never lack for customers, seems like a great plan to me.

Re:Another day another bitcoin article

[dbIII]

A pyramid is a scheme where a few at the top depend on a large base to keep it going

Precisely. The initial perpetrators designed it so that a large base would artificially increase the value of what they are sitting on. It is deflationary by design and a textbook pyramid ponzi scheme.

Re:Jesus H. Christ on a crutch!

[Bert64]

A currency is meant as an enabler of trade, it is not a commodity in and of itself but is rather intended to be temporarily held until you exchange it for something else. Indeed, holding on to most currencies is an extremely poor investment because inflation will gradually reduce their value.

A currency has value because you can use it to buy goods, services, and trade it for other currencies. There are many sites now such as the one mentioned in this article which will exchange goods or services for bitcoins, and there are several advantages to paying for services using bitcoins over other forms of payment.

Re:seems reasonable

[Anonymous Coward]

At the time CDs were released, computing power and DAC circuitry was still a costly commodity ("digital telephony" was not a widespread technology). Fancier encoding schemes such as logarithmic data representations might store more data, but they would also be significantly harder to implement in hardware. Early CD players were already fairly expensive; jacking up the cost would only slow adoption even more (even with longer-playing discs).

Re:I'm a cypherpunk and I work in porn.

[Bob9113]

Excellent post. You present an uncommon perspective that is freighted with preconceptions and deftly shatter those biases with plain truth. Well done, you have added a bit of illumination.