It's not dying a slow death.
I highly doubt the sex industry will ever die.
You are both right. First, porn will never go away and someone will continue to make billions. But second, why the hell does anyone pay for smut anymore? Unless a guy is into specialized fetish stuff, you can get what you need for free these days. One would think that some dudes have figured that out, which is why the overall business has been declining. But it probably could continue declining for the next century and still be a very profitable sector.
People pay because there is a cost to sex in any form. Whether it's paid in money, or in time, or in other ways, ultimately sexual attention has some quantified cost.
If you love a person, it's a psychic cost, an emotional cost, the intimacy is a cost, sometimes an opportunity cost. So it's never costless. If it's a person who doesn't want any of that intimacy then it makes perfect sense why they'd choose professional services.
I just think people aren't being very creative considering the technology available. You have blockchain technology which will dramatically change the porn industry in ways no one can imagine. Not only porn will change, but sexuality itself is going to change. The entrepreneurs ahead of that change will make money, but I don't think it will be big centralized companies any more. The decentralized nature seems to favor blockchain technology eventually being the peer to peer solution.
If you ask me, the industry is going to evolve and the XXX industry is probably going to be one of the top use cases for digital currency in the mainstream. It might not make sense to you, but globally a lot of people have different traditions or lifestyles from you, who knows.
The main reason I think the business is declining is because they use a centralized business model on a very inherently decentralized phenomena. The tools being used are centralized, and then there are privacy breaches left and right, and worst of all, there isn't even high enough quality personalization or data about the individuals which can be collected and analyzed to provide iterative improved experiences. So when you consider the privacy, the ability to analyze the data without any human being seeing it using algorithms, virtual reality, then you will have much more personalized, digitized experiences.
yes, but sex industry is dying a slow death... so I wouldn't bet on it.
speaking of betting, that's something we need IMO.
It's not dying a slow death. Did you even look at the video or the sites I posted for review? http://www.cottontailgroup.com/
I highly doubt the sex industry will ever die.
As for betting, I think betting is higher risk because betting requires some sort of integration into Bitshares beyond just a UIA. If it's a UIA then the risk is on the business entity or individuals redeeming the UIA for services.
yes, I read about their offers.
- do you know if they're legit? how?
and sorry if I got the topic wrong, but sex industry is not only about sex workers but porn/streams etc. and there's no money to make. (ask @MarkLyford )
There is plenty of money to make. Attention is scarce and in a day a person thinks about sex or has sex a certain amount of time. So there is a fierce competition for that scarce attention.
At the same time people who want sexual attention from a specific person might not want to pay for it with their credit card for everyone to see. On the other hand if it's truly private digital currency protected by stealth transfers now you actually have a use case for stealth transfers.
I don't think it can get any more mainstream, but when you're talking about the current industry with the current technology, you're right it's dead because those business models are dead. Just like the business models around music are dead but that doesn't mean musicians can't make money from Peertracks or use new business models. It also doesn't mean that the current common experiences such as the concert or the instant clip, are the limit to what human beings can experience technologically.
In the case of porn the main issue is copyright infringement? Live streams cannot be copied so easily and you can actually design copy protection so that it's more effort or expense to copy than use micropayments.