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GoDaddy has revoked many porn-related domains in the past. Rest assured that if some tight-assed Christian gets offended by your site and complains to GoDaddy, you'll be shut down in a heartbeat.
Something you need to know... each gigabyte of transfer you use costs your hosting company about $0.50 to $1 for low-quality bandwith. The only reason they'll sell themselves so cheap is because they don't plan for you to use 250 GB of transfer in a month. If you come close, they'll shut you down for abusing server resources.
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