Bitcoins For Porn Joins? - Page 2 - GoFuckYourself.com

FingerPrinter · 04-14-2013, 05:41 PM

Quote:

Originally Posted by dyna mo

it's pretty common knowledge here and across all the internets that bitcoin is primarily used in illicit trade right now.

Point being, if bitcoin is ever used for porn, or if bitcoin is ever popular, it will only extend piracy's reach over the porn industry... It won't be doing pornsites any favors...

AmeliaG · 04-14-2013, 05:41 PM

Quote:

Originally Posted by dyna mo

i know what forex is.

i also know what icbit is.

Exactly.

Also, there is nothing intrinsically illicit about any form of payment. I'll pay my taxes on payments made in Bitcoin, same as those made in Dollars, Euros, Pounds, Yen, etc.

Barry-xlovecam · 04-14-2013, 05:43 PM

In theory I have no problem with people risking their own profits accepting anything in barter.

If persons that would be entitled to compensation from an other than lawful currency sale, now defined as a barter better I hope, agree to assume this speculative risk knowingly, and acknowledge it it writing, I have no issue with that either.

dyna mo · 04-14-2013, 05:43 PM

Quote:

Originally Posted by FingerPrinter

Point being, if bitcoin is ever used for porn, or if bitcoin is ever popular, it will only extend piracy's reach over the porn industry... It won't be doing pornsites any favors...

here's the best part:

99.9% of bitcoin holders and miners and 100% of the world couldn't give 2 shits about the impact of a currency on the porn bidness.

adultmobile · 04-14-2013, 05:43 PM

Quote:

Originally Posted by FingerPrinter

IT ALSO MAKES IT 100X EASIER TO ACCEPT PAYMENT TO FILE LOCKERS AN PIRACY-BASED SITES!!!!

Yes and I would expect those file lockers woud have the bitcoins pay buttons, instead I seen no one yet. They all have those OKPay, Moneybrokers, and paypal (until AK busts them).
So I assume, until we do not see file lockers all offer bitcoins payment, it is not likely adult sites would all offer bitcoins payments too. Adult pay adoption to come after file lockers and piracy pay adoption...

Still affiliates adult site ponzi-scheme rev share with bitcoins looks confusing and new enough it may work... at least because no one really understands it, so wish to check it.... poll: anyone would promote a bitcoin-only cam site as I described two posts ago? As if not, no wonder no one release such type of sites yet.

Barry-xlovecam · 04-14-2013, 05:57 PM

I like the idea of anonymity of a virtual currency in principle, for it's own sake and not for tax avoidance or as a conduit of unlawful activity.

There are no sales taxes, VAT taxes or income taxes paid on any virtual "currency" sale paid unless voluntarily declared by taxpayers. This I can see as a threat to governments worldwide. So virtual currencies will become, should they continue legally, subject to ever increasing government reporting and/or licensing.

A pork belly futures trader would go ape-shit over a Bitcoin futures option on the COMEX -- the volatility would be a money maker

adultmobile · 04-14-2013, 07:25 PM

Quote:

Originally Posted by Barry-xlovecam

I like the idea of anonymity of a virtual currency in principle, for it's own sake and not for tax avoidance or as a conduit of unlawful activity.

One could decide to declare its bitcoins transaction revenues, voluntarily, to tax guys.

But what, anonymous? Bitcoin it is not really anonymous.
Bitcoin let you hide behind the pseudonyms of public key ID's, but what your ID does business with, it is public.
The block chain shared in in peer to peer, visible by everyone, contains record of every Bitcoin transaction that's ever been conducted by anyone at any time. Including the source and destination public key id's. Knowing the id of an illegal shop, you can get the id's list of who purchased from them.
And if you know the id of a person (for example: I gift you a bitcoin, where I send?), you can then read the list of id's he buy or sell from, full history. Let's say a guy give me his bitcoin ID, or posts it somewhere. I go to see with what id's he transacted, then google for these id's. Maybe I find some id are by drugs or porn or otherwise controversial traders. So bitcoin users should create and use many different id's for different things they do, and be careful really.

But bitcoins is just the first cryptocurrency, flawed - a main flaw it is you mine it is gpu's and there can never be more than 21 million bitcoins by design, no economy can survive a constant deflation of fixed monetary base. There may be better cryptocurrencies in future, who are really anonymous, and, have a virtual "decentralized central bank" system.

I just found of Zerocoin, an anonymized vouchers extension for Bitcoin that (if adopted) would bring true anonymity to Bitcoin... or to next cryptocurrencies.
Details here: http://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf

BFT3K · 04-14-2013, 07:31 PM

Crazier things have happened...

CyberHustler · 04-14-2013, 07:35 PM

Buttcoins and Bitplugs

BFT3K · 04-14-2013, 07:37 PM

And bitcoins... what are bitcoins backed by?

darksoul · 04-15-2013, 03:04 AM

So bitcoin is the new tubes ? I remember a few years back seeing 10 tube threads ever day and now everyone has one.
This board never learns.

04-14-2013, 05:43 PM	#53
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	In theory I have no problem with people risking their own profits accepting anything in barter. If persons that would be entitled to compensation from an other than lawful currency sale, now defined as a barter better I hope, agree to assume this speculative risk knowingly, and acknowledge it it writing, I have no issue with that either.

04-14-2013, 05:57 PM	#56
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	I like the idea of anonymity of a virtual currency in principle, for it's own sake and not for tax avoidance or as a conduit of unlawful activity. There are no sales taxes, VAT taxes or income taxes paid on any virtual "currency" sale paid unless voluntarily declared by taxpayers. This I can see as a threat to governments worldwide. So virtual currencies will become, should they continue legally, subject to ever increasing government reporting and/or licensing. A pork belly futures trader would go ape-shit over a Bitcoin futures option on the COMEX -- the volatility would be a money maker Last edited by Barry-xlovecam; 04-14-2013 at 06:00 PM..

04-14-2013, 07:35 PM	#59
CyberHustler Masterbaiter Industry Role: Join Date: Feb 2006 Posts: 28,642	Buttcoins and Bitplugs __________________ “If you can convince the lowest white man he’s better than the best colored man, he won’t notice you’re picking his pocket. Hell, give him somebody to look down on, and he’ll empty his pockets for you.”

04-15-2013, 03:04 AM	#61
darksoul Confirmed User Join Date: Apr 2002 Location: /root/ Posts: 4,997	So bitcoin is the new tubes ? I remember a few years back seeing 10 tube threads ever day and now everyone has one. This board never learns. __________________ 1337 5y54\|)m1n: 157717888 BM-2cUBw4B2fgiYAfjkE7JvWaJMiUXD96n9tN Cambooth

04-14-2013, 07:31 PM	#58
BFT3K Too lazy to set a custom title Industry Role: Join Date: Dec 2005 Location: Narnia Posts: 10,764	Crazier things have happened...

04-14-2013, 07:37 PM	#60
BFT3K Too lazy to set a custom title Industry Role: Join Date: Dec 2005 Location: Narnia Posts: 10,764	And bitcoins... what are bitcoins backed by?