Quote:
Originally Posted by Stephen
Look, I'm not trying to step on anyone's cock, but one company came out and said that adding bitcoin to its tube raised sales by 50% and nobody doubted it, but when another guy comes and says adding bitcoin to his tube dropped sales by 50% and folks don't believe it... I know both companies watch their stats better than most folks here, so it's not like they don't know what they're doing, but it's clear that some bitcoin fanboys are only interested in hearing positive news, rather than the truth.
There are other companies that jumped on the bandwagon for the pure PR value, and you may see more retractions in the future as additional companies step back from bitcoin...
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Anyone who took the comment that adding Bitcoin raises sales by 50% needs their head examined. The only, ONLY way that could be plausible is if he was barely doing any sales before, and now all of a sudden due to publicity in BTC community he got a handful of sales that equal 50%. The same announcement was posted in the BTC reddit community, and the comments were pretty funny, as most reddit comments are. From it, I didn't get the impresison that the audience of bitcoin deviates too far away from your general porn consumer.
If you looked at that article, it was more a clever sales piece to sell his business to someone rich in the Bitcoin than anything else, so it was smart..
PORN IS THE BITCOIN KILLER APP!!! SO BUY PORN.COM FOR $50 MILLION IN BITCOIN!!!! - marketed hopefully right to some guy whose sitting on $300m worth of bitcoin from the early days, or some other big Bitcoin holder who has an invested interest in Bitcoin. Good way to diversify away from Bitcoin as well for them...
Clever way to sell a site, but only inexperienced people would believe you can add an obscure payment option and magically increase sales by 50% over night. There are only two payment options that could reap such benefits for an adult site owner if they didn't already have them, one is Visa, and the other is Mastercard. I am sure the people whp have BTC added are doing some sales, so as the general thinking goes, the more payment options you have generally the better off you are.
If JT's sales plummeted by 50%, that also sounds pretty odd. If I were in his shoes, I would think something else technically is going on. The integration of Bitcoin somehow broke his other processes, messed with his backend, etc. I am not fully privy to the facts but I don't think anyone else who has thrown up bitcoin has experienced the same. They've likely processed a handful of transactions as Bitcoins and their business is little changed over it.