Author Topic: Should Bitshares get into the XXX industry?  (Read 5850 times)

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Offline luckybit

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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.

What about pornbots? XXXbots which accept crypto and sell porn on behalf of pornstars?

I could see it working well. Credit card breaches are common in porn. Also if someone is popular enough they might sell clips through a site, but through a bot the same clips could be sold but through crypto and on something like Reddit or it's successors.

I think there is for certain a future, crypto will be a part of it, but we are in a strange transition phase. Similar to how we are with music.

Also don't forget, virtual reality will come into play very soon. Oculus rift with crypto currency will produce all sorts of new opportunities.

Cob already discussed a reward system that would completely change the way porn actresses could engage their audience.

https://coinreport.net/conversation-cedric-cobban-co-founder-peertracks/

With so much amateur competition, every adult actress is looking for better ways to engage their audience.  Reward systems, stable digital currency and VR are the hot topics.

Exactly. Profit sharing between the porn star and the earliest fans who buy shares in her business because they believe she will be the next superstar. Same distribution model.

The only issue I think is right now there isn't yet the distributed computation to make it absolutely decentralized. Once you have distributed computation and storage, you can actually charge for the computation itself which unlocks the content. The content would basically require solving some sort of puzzle to unlock and only with enough computation could the buyer unlock it, suddenly you have something which cannot be passed around for free.

When that happens, if you also have fandoms making money from the content, it will not be a situation where content will be passed around for free because the incentive would change and if it's easier to just sell computation or micropay for the computation to unlock, then people will just do that.
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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.

What about pornbots? XXXbots which accept crypto and sell porn on behalf of pornstars?

I could see it working well. Credit card breaches are common in porn. Also if someone is popular enough they might sell clips through a site, but through a bot the same clips could be sold but through crypto and on something like Reddit or it's successors.

I think there is for certain a future, crypto will be a part of it, but we are in a strange transition phase. Similar to how we are with music.

Also don't forget, virtual reality will come into play very soon. Oculus rift with crypto currency will produce all sorts of new opportunities.

Cob already discussed a reward system that would completely change the way porn actresses could engage their audience.

https://coinreport.net/conversation-cedric-cobban-co-founder-peertracks/

With so much amateur competition, every adult actress is looking for better ways to engage their audience.  Reward systems, stable digital currency and VR are the hot topics.

Offline luckybit

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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.

« Last Edit: December 17, 2015, 07:01:46 am by luckybit »
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Offline luckybit

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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.

What about pornbots? XXXbots which accept crypto and sell porn on behalf of pornstars?

I could see it working well. Credit card breaches are common in porn. Also if someone is popular enough they might sell clips through a site, but through a bot the same clips could be sold but through crypto and on something like Reddit or it's successors.

I think there is for certain a future, crypto will be a part of it, but we are in a strange transition phase. Similar to how we are with music.

Also don't forget, virtual reality will come into play very soon. Oculus rift with crypto currency will produce all sorts of new opportunities.
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Offline Vizzini

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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.
Never go against a Sicilian when death is on the line.

Offline fav

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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 )

Offline luckybit

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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.
« Last Edit: December 16, 2015, 09:40:26 am by luckybit »
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Offline xeroc

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Hehe ..
IMHO any question of the form "should bitshares get into ..." can be answered with yes .. all of them.
For a very simple reason: If you find someone that would like to do it .. no one can prevent him from doing it (unless of course they require shareholder approval for a hardfork)

Offline abit

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Aw, come on, just go full hog. You know you want it.

Bitchshares

Forget the porn. Be a pimp.
I thought we had already forked into that name sometime before.
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Offline Vizzini

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Aw, come on, just go full hog. You know you want it.

Bitchshares

Forget the porn. Be a pimp.
Never go against a Sicilian when death is on the line.

Offline fav

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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.

Offline joele

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Why not, bitshares is not designed to be a holy currency, bitUSD should do what fiat can do.

Offline luckybit

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make the bitUSD peg reliable and the xxx industry will adopt bitshares.

I don't think you get what opportunity Bitshares offers. Profit sharing in the form of UIAs, and self issued credit in the form of UIAs. There is no real reason I can see to bother with the bitUSD peg. Value can be stored as IOUs which are redeemable at the XXX business with no real need for bitUSD although I do see how you could say bitUSD could promote smart coins.

Profit sharing on the other hand would mean anyone in the community could buy a share in the business similar to the examples above. It would require of course that everyone could be trusted, it would have to be extremely safe as a business, but then the profits could flow.

Additionally, the possibility of FBA, suppose XXX is a success and it leads to new forms of smart contracts in the future? I would say though, we should not promote bitUSD for one because who says they'll be Americans and also when you promote one particular smart coin you bring nationalism into it when the only thing that would matter is that there is a stable store of value.

UIAs offer a store of value which are just as stable as smart coins. A UIA which represents a basket of vouchers from different centralized companies for example bio-fuel energy tokens, or Starbucks, and you have a stable store of value in the form of a UIA which would be as good as bitUSD.

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Offline JonnyB

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make the bitUSD peg reliable and the xxx industry will adopt bitshares.
I run the @bitshares twitter handle
twitter.com/bitshares

Offline luckybit

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If done right the risk would be considerably lower than gambling or drugs. The risk would be that the individuals involved could be arrested.

Anyway I saw this: http://www.cottontailgroup.com/ & http://www.cottontailgroup.com/maison-lechat-first-house/
https://www.youtube.com/watch?v=h-AAMWrKcrM
@fav
@bytemaster
@fuzzy
@xeroc
@cass
@alt


It would seem that this would be a good test case if people want to protest in a safe way as it's a victimless crime in most cases and most people don't think it should be illegal. Of course if it is illegal in your part of the world then I would recommend you don't break the law and let people who are in places where it's legal take the risks.



« Last Edit: December 16, 2015, 03:32:27 am by luckybit »
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