Quote:
Originally Posted by Porno Dan
Thanks, I hope they find some way to alternative billing methods, but the prospects don't look good.
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This may be the threshold moment where crypto becomes a "mainstream" payment method.
Mindgeek is more fortunate than we were when the cc companies dealt their first major blow to adult internet. Back then, there was no alternative. Now, it's only a question of whether the customers are dedicated enough to move onto a crypto payment mechanism.
Once that shift happens (if it ever does) it will just be the cc companies that are hurt from their actions.
There will undoubtedly be some serious first and second-order consequences for everyone in the adult biz in the short and medium-term from this event. Everyone in our industry is involved in the revenue stream from the Mindgeek ecosystem in some direct or indirect way. But things may work out so that in the longer term, our industry is stronger and more resilient and much less dependant on the establishment financial industry that has been weaponized against us for decades (just think about how hard it is to get a bank account in the USA as a sex-worker or industry company and you'll realize how deeply weaponized it has become).
Anyway, maybe good long term, and may be a coming of age for crypto. (side-note, I bought more BTC when I heard the news).