Bitcoin for payments - GoFuckYourself.com

leming · 02-27-2021, 12:56 PM

Do you use bitcoins for work? How common are they in the industry?
Or is everyone just talking about them?

Cyber Fucker · 02-27-2021, 01:29 PM

I can accept any crypto.

Even doge.

Paul&John · 02-27-2021, 01:45 PM

Got paid in btc a few times ..

leming · 02-27-2021, 04:16 PM

Quote:

Originally Posted by Cyber Fucker

I can accept any crypto.

Even doge.

I see

leming · 02-27-2021, 04:18 PM

Quote:

Originally Posted by Paul&John

Got paid in btc a few times ..

I've created purse about year ago and still don't use it just because customers prefers PP in most cases )

zijlstravideo · 02-27-2021, 06:40 PM

Quote:

Originally Posted by leming

I've created purse about year ago and still don't use it just because customers prefers PP in most cases )

Should've asked for BTC payments, that would've been a nice 432.3% bonus (in exactly a year). ;)

jscott · 02-28-2021, 03:16 AM

I wish all sponsors paid in Bitcoin because when you're paid in USD/cash you have incentive to spend it asap, because everyday you hold you lose purchasing power for your $$$$, while Bitcoin is a savings tech designed to increase with time (and the inevitable inflation)

LetterTwenty7 · 02-28-2021, 04:21 AM

Interesting question. I've not used BTC yet, but I am willing to accept crypto as a payment method for my writing services if some client would like to pay in BTC or ETH.

leming · 02-28-2021, 07:01 AM

Quote:

Originally Posted by zijlstravideo

Should've asked for BTC payments, that would've been a nice 432.3% bonus (in exactly a year). ;)

Yep )
If not spent for living

leming · 02-28-2021, 07:05 AM

Quote:

Originally Posted by jscott

I wish all sponsors paid in Bitcoin because when you're paid in USD/cash you have incentive to spend it asap, because everyday you hold you lose purchasing power for your $$$$, while Bitcoin is a savings tech designed to increase with time (and the inevitable inflation)

I think most of the sponsors will do the crypto payments soon.

leming · 02-28-2021, 07:07 AM

Quote:

Originally Posted by LetterTwenty7

Interesting question. I've not used BTC yet, but I am willing to accept crypto as a payment method for my writing services if some client would like to pay in BTC or ETH.

So why not to give a shoot?
Just let them know that you're accepting crypto from now.

just a punk · 02-28-2021, 08:24 AM

leming · 02-28-2021, 08:33 AM

Quote:

Originally Posted by CyberSEO

It will work for sure!

P.S.
Little typo "contacat" in the banner

bugmenot4real · 02-28-2021, 08:46 AM

I only work with Ad Networks that pays with +Bitcoin.
Doing good for +2 years and had no problem.

leming · 02-28-2021, 09:21 AM

Quote:

Originally Posted by bugmenot4real

I only work with Ad Networks that pays with +Bitcoin.
Doing good for +2 years and had no problem.

Do you keep it in your wallet hoping to get revenue or just use for everyday expenses?

bugmenot4real · 02-28-2021, 10:10 AM

Quote:

Originally Posted by leming

Do you keep it in your wallet hoping to get revenue or just use for everyday expenses?

Exchange it to get USD and then daily expenses.
I use Bitcoin to get payments only, cuz nothing goes wrong with Bitcoin wallets. other platforms may block your account for some weird reasons.

just a punk · 02-28-2021, 10:13 AM

Quote:

Originally Posted by leming

P.S.
Little typo "contacat" in the banner

Yep. Thx for heads up!

leming · 02-28-2021, 11:42 AM

Quote:

Originally Posted by bugmenot4real

Exchange it to get USD and then daily expenses.
I use Bitcoin to get payments only, cuz nothing goes wrong with Bitcoin wallets. other platforms may block your account for some weird reasons.

Got it!

leming · 02-28-2021, 11:43 AM

Quote:

Originally Posted by CyberSEO

Yep. Thx for heads up!

You're welcome!

tbaahp · 02-28-2021, 01:02 PM

its all I use for work at this point. using anything else is kinda of counter productive.

leming · 02-28-2021, 01:29 PM

Quote:

Originally Posted by tbaahp

its all I use for work at this point. using anything else is kinda of counter productive.

Cool! Great that it works for you!

LetterTwenty7 · 03-01-2021, 12:18 AM

Quote:

Originally Posted by leming

So why not to give a shoot?
Just let them know that you're accepting crypto from now.

I did, but not many people are interested. Hopefully, that will change soon.

verybadsanta · 03-01-2021, 01:02 AM

That will definitely change in the next couple of years. The pandemic contributes a lot to that!

djroof · 03-01-2021, 01:42 AM

Now waiting for BTC from Chaturbate for 1st time!

Sergio · 03-01-2021, 02:09 AM

In principle, we can also pay in crypto on our adult dating network.

leming · 03-01-2021, 03:08 AM

Quote:

Originally Posted by LetterTwenty7

I did, but not many people are interested. Hopefully, that will change soon.

Fingers crossed!

leming · 03-01-2021, 03:10 AM

Quote:

Originally Posted by verybadsanta

That will definitely change in the next couple of years. The pandemic contributes a lot to that!

Yep...
Thank you for Crypto expansion, COVID

leming · 03-01-2021, 03:12 AM

Quote:

Originally Posted by djroof

Now waiting for BTC from Chaturbate for 1st time!

leming · 03-01-2021, 03:14 AM

Quote:

Originally Posted by Sergio

In principle, we can also pay in crypto on our adult dating network.

Affiliates will be happy all the way!

LetterTwenty7 · 03-01-2021, 06:16 AM

I have finally changed my sig because of this thread. ;)

Feel free to contact me if you need written content of any kind.

leming · 03-01-2021, 08:33 AM

Quote:

Originally Posted by LetterTwenty7

I have finally changed my sig because of this thread. ;)

Feel free to contact me if you need written content of any kind.

You are welcome!

hony · 03-04-2021, 12:15 AM

I'm getting paid by a couple of programs in BTC. CB and Stripcash. Just collecting it for now, no where to spend it yet.

leming · 03-04-2021, 03:42 PM

Quote:

Originally Posted by hony

I'm getting paid by a couple of programs in BTC. CB and Stripcash. Just collecting it for now, no where to spend it yet.

You always can exchange it to fiat )

fuzebox · 03-04-2021, 04:17 PM

Quote:

Originally Posted by leming

I think most of the sponsors will do the crypto payments soon.

It would be a royal pain in the ass for most affiliate programs with significant volume to buy, hold, and send crypto for affiliate payments.

The volatility alone makes it impractical and possibly dangerous.

adultbizwork · 03-04-2021, 05:58 PM

Do you know what exchange rate are programs using when they pay with BTC? Because each exchange/broker has a different price.

It would be great if they could pay with USDT, which is a stable coin. That way you don't risk getting paid let's say 1000 dollars in BTC and having 700 dollars a few hours later. Yes I know some people will say that we have FIAT mentality but it is what it is.

shake · 03-04-2021, 06:23 PM

I'm using more and more, today i paid for hosting and domain reg in bitcoin (porkbun)...

jscott · 03-04-2021, 11:30 PM

Quote:

Originally Posted by fuzebox

It would be a royal pain in the ass for most affiliate programs with significant volume to buy, hold, and send crypto for affiliate payments.

The volatility alone makes it impractical and possibly dangerous.

All payment options have positive/negatives, leave it to each affiliate to choose what is best for ourselves.

Some see a savings technology as danger, others (me) see it as highly profitable & VERY convenient.

Remember, lots of us have lost with Epassport, Paxum & Payoneer account closures, foreign check fees, wire fees, & delays from all of these.

juddd · 03-05-2021, 11:28 AM

I've been paying out in Bitcoin lately to the people that asks. So far so good.

And I was able to find a merchant solution for crypto payments the other day. Will be adding that to our premium programs.

Crypto just scares me some because of the regulations that will be coming in the future and knowing so little about this info showing up on blockchain and what the government is doing with that.

brandonstills · 03-05-2021, 11:31 AM

Quote:

Originally Posted by fuzebox

It would be a royal pain in the ass for most affiliate programs with significant volume to buy, hold, and send crypto for affiliate payments.

The volatility alone makes it impractical and possibly dangerous.

The "stablecoins" might be more suitable if you are concerned with volatility.

BTC is not ideal because there's a public record of every transfer ever made that the entire world can freely see and the BTC network itself can only process so many transactions per block. The only way to scale it is increase compute capacity, which with bitcoin is an insane amount of electricity and servers already.

brandonstills · 03-05-2021, 11:36 AM

Quote:

Originally Posted by juddd

I've been paying out in Bitcoin lately to the people that asks. So far so good.

And I was able to find a merchant solution for crypto payments the other day. Will be adding that to our premium programs.

Crypto just scares me some because of the regulations that will be coming in the future and knowing so little about this info showing up on blockchain and what the government is doing with that.

What merchants are there for creating crypto processing integrations right now?

BTC isn't going anywhere. The crypto that many governments have issue with are the ones that have anonymity built into their protocols like Monero. They cite money laundering as the reasons why. Other coins with public ledgers that aren't just the creators trying to fundraise a bunch of money and pocket it are fine.

Cardano (ADA) is even being talked about as an alternative in Africa where the currencies are too volatile. They are thinking about even using it as the official government currency.

jscott · 03-05-2021, 11:42 AM

Quote:

Originally Posted by brandonstills

What merchants are there for creating crypto processing integrations right now?

BTC isn't going anywhere. The crypto that many governments have issue with are the ones that have anonymity built into their protocols like Monero. They cite money laundering as the reasons why. Other coins with public ledgers that aren't just the creators trying to fundraise a bunch of money and pocket it are fine.

Cardano (ADA) is even being talked about as an alternative in Africa where the currencies are too volatile. They are thinking about even using it as the official government currency.

Bitfinex Pay just launched no more than a week ago

Or use the truly permissionless way with BTC Pay Server

fuzebox · 03-05-2021, 11:43 AM

Quote:

Originally Posted by jscott

All payment options have positive/negatives, leave it to each affiliate to choose what is best for ourselves.

Except the program is going to choose what is best for them.

Holding 7 figure balances on a volatile currency is an accounting nightmare. BTC dropped 15% this week, if a program was preparing for their payout and then now the value has dropped, they now have to acquire more BTC just to meet their payables, having just lost a significant amount of value (and possibly their margin).

Now their business model goes from buying, converting, and monetizing affiliate traffic, to speculating on volatile digital assets... This is going to add a ton of complicated tax liability and possibly put them under the microscope for tax evasion and money laundering.

Quote:

Remember, lots of us have lost with Epassport, Paxum & Payoneer account closures, foreign check fees, wire fees, & delays from all of these.

Ironically it's the smaller and/or international affiliates who demand services like epassporte, paxum, and payoneer. Affiliate programs don't like having to deal with those either.

The expenses and shortcomings of the traditional banking system are not enough of a reason for a large adult company to take on so much additional risk.

jscott · 03-05-2021, 11:53 AM

Quote:

Originally Posted by fuzebox

Except the program is going to choose what is best for them.

Holding 7 figure balances on a volatile currency is an accounting nightmare. BTC dropped 15% this week, if a program was preparing for their payout and then now the value has dropped, they now have to acquire more BTC just to meet their payables, having just lost a significant amount of value (and possibly their margin).

Now their business model goes from buying, converting, and monetizing affiliate traffic, to speculating on volatile digital assets... This is going to add a ton of complicated tax liability and possibly put them under the microscope for tax evasion and money laundering.

Ironically it's the smaller and/or international affiliates who demand services like epassporte, paxum, and payoneer. Affiliate programs don't like having to deal with those either.

The expenses and shortcomings of the traditional banking system are not enough of a reason for a large adult company to take on so much additional risk.

Dude, it's dropped 15% in a day

But how short-sighted do you have to be?

Have you ever looked at any 5 year graph of Bitcoin? Zoom out and wake up dude!

fuzebox · 03-05-2021, 11:59 AM

Quote:

Originally Posted by jscott

Dude, it's dropped 15% in a day

But how short-sighted do you have to be?

Have you ever looked at any 5 year graph of Bitcoin? Zoom out and wake up dude!

This topic is not about bitcoin as an investment or asset class.

This topic is about high volume, low margin affiliate programs who have a lot of throughput and payable accounts.

If a US-based program pays out 7 figures a week to affiliates, it is impractical for them to keep acquiring BTC on an exchange at that kind of volume, and will invite a tax audit.

brandonstills · 03-05-2021, 12:04 PM

Quote:

Originally Posted by fuzebox

This topic is not about bitcoin as an investment or asset class.

This topic is about high volume, low margin affiliate programs who have a lot of throughput and payable accounts.

If a US-based program pays out 7 figures a week to affiliates, it is impractical for them to keep acquiring BTC on an exchange at that kind of volume, and will invite a tax audit.

Agree about BTC. It is too volatile and their network is not good for high volume small transactions. But there are plenty of alternatives to BTC that don't have the same issues. There are also stable coins like USDT and USDC that are tied to the USD.

jscott · 03-05-2021, 12:14 PM

Quote:

Originally Posted by fuzebox

This topic is not about bitcoin as an investment or asset class.

This topic is about high volume, low margin affiliate programs who have a lot of throughput and payable accounts.

If a US-based program pays out 7 figures a week to affiliates, it is impractical for them to keep acquiring BTC on an exchange at that kind of volume, and will invite a tax audit.

You're bringing up the volatility with payments, if you see how Chaturbate has it, beautiful.
You get paid a few days after period ending OR you can submit payout asap at any given time (as long as minimum payout required)
It gives us a little control & no way is it perfect, nor is any other payment option, but this is the best one I've seen any sponsor have

BTC payout automatically after period ends, with option to request payment at any given time (must allow few days processing).

Those of us choosing the BTC payout option must accept the fact we might gain/lose depending on the volatility. I'm not saying EVERYONE should choose it, it's not for everyone

fuzebox · 03-05-2021, 12:28 PM

Quote:

Originally Posted by jscott

You're bringing up the volatility with payments, if you see how Chaturbate has it, beautiful.

I can only assume Chaturbate has large BTC holdings already, and is taking advantage of affiliate BTC payouts to liquidate, as they are processing transactions in USD and keeping 100% of the balance.

jscott · 03-05-2021, 12:34 PM

Quote:

Originally Posted by fuzebox

I can only assume Chaturbate has large BTC holdings already, and is taking advantage of affiliate BTC payouts to liquidate, as they are processing transactions in USD and keeping 100% of the balance.

I don't believe so. I think they have similar to ePayments before, they would pay affiliates a USD amount by buying BTC at market rate on the payout date and sending to the affiliate. There are probably other companies that do this.

brandonstills · 03-05-2021, 01:59 PM

Quote:

Originally Posted by jscott

You're bringing up the volatility with payments, if you see how Chaturbate has it, beautiful.
You get paid a few days after period ending OR you can submit payout asap at any given time (as long as minimum payout required)
It gives us a little control & no way is it perfect, nor is any other payment option, but this is the best one I've seen any sponsor have

BTC payout automatically after period ends, with option to request payment at any given time (must allow few days processing).

Those of us choosing the BTC payout option must accept the fact we might gain/lose depending on the volatility. I'm not saying EVERYONE should choose it, it's not for everyone

How do they do the accounting for it? Do they buy the BTC equivalent when you earn it and then pay you out that amount later on, or do they report what they owe you in USD and then just pay out whatever the equivalent is in BTC?

brandonstills · 03-05-2021, 02:02 PM

Quote:

Originally Posted by jscott

I don't believe so. I think they have similar to ePayments before, they would pay affiliates a USD amount by buying BTC at market rate on the payout date and sending to the affiliate. There are probably other companies that do this.

Makes sense. For that use case, it can work good as medium of exchange given that caveat of paying out the USD equivalent.

02-27-2021, 12:56 PM	#1
leming ★ CONFIRMED DESIGNER ★ Industry Role: Join Date: Apr 2003 Posts: 1,818	Bitcoin for payments Do you use bitcoins for work? How common are they in the industry? Or is everyone just talking about them? __________________ DESIGN ★ BANNERS ★ LOGOS ★ 3D ★ VIDEO-EDITING Portfolio \| Telegram \| E-mail \| Skype:leming_

02-27-2021, 01:29 PM	#2
Cyber Fucker Hmm Industry Role: Join Date: Sep 2005 Location: On an endless road around the world for rock and roll. Posts: 12,642	I can accept any crypto. Even doge. __________________

02-27-2021, 01:45 PM	#3
Paul&John Confirmed User Industry Role: Join Date: Aug 2005 Location: YUROP Posts: 8,612	Got paid in btc a few times .. __________________ Use coupon 'pauljohn' for a $1 discount at already super cheap NameSilo! Anal Webcams \| Kinky Trans Cams Live \| Hotwife XXX Tube \| Get your Proxies here

02-28-2021, 04:21 AM	#8
LetterTwenty7 Porn SEO Industry Role: Join Date: Feb 2015 Location: EU Posts: 1,815	Interesting question. I've not used BTC yet, but I am willing to accept crypto as a payment method for my writing services if some client would like to pay in BTC or ETH. __________________ Success stories of porn webmasters - one click away: Discover how top porn sites grow their organic traffic! [email protected] \| Teams: lettertwenty7 \| Telegram: https://t.me/LT7_Digital

02-28-2021, 08:24 AM	#12
just a punk So fuckin' bored Industry Role: Join Date: Jun 2003 Posts: 32,386	__________________ Obey the Cowgod

02-28-2021, 03:16 AM	#7
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	I wish all sponsors paid in Bitcoin because when you're paid in USD/cash you have incentive to spend it asap, because everyday you hold you lose purchasing power for your $$$$, while Bitcoin is a savings tech designed to increase with time (and the inevitable inflation)

02-28-2021, 08:46 AM	#14
bugmenot4real Confirmed User Industry Role: Join Date: Jun 2013 Location: Canada Posts: 184	I only work with Ad Networks that pays with +Bitcoin. Doing good for +2 years and had no problem. __________________

02-28-2021, 01:02 PM	#20
tbaahp Confirmed User Industry Role: Join Date: Jan 2019 Posts: 65	its all I use for work at this point. using anything else is kinda of counter productive.

03-01-2021, 01:02 AM	#23
verybadsanta Confirmed User Industry Role: Join Date: Mar 2017 Posts: 47	That will definitely change in the next couple of years. The pandemic contributes a lot to that!

03-01-2021, 01:42 AM	#24
djroof JuicyDevils.gr Owner Industry Role: Join Date: Jan 2004 Location: Greece Posts: 25,404	Now waiting for BTC from Chaturbate for 1st time!

03-01-2021, 02:09 AM	#25
Sergio Confirmed User Industry Role: Join Date: Apr 2019 Location: US Posts: 625	In principle, we can also pay in crypto on our adult dating network. __________________ Digital messaging and WhatsApp mailing!\|Union Pharm - THE BEST pharm program here! DrBucks-Legend Pharma Affiliate Program!CR 1:1 and 100% approve!

03-01-2021, 06:16 AM	#30
LetterTwenty7 Porn SEO Industry Role: Join Date: Feb 2015 Location: EU Posts: 1,815	I have finally changed my sig because of this thread. ;) Feel free to contact me if you need written content of any kind. __________________ Success stories of porn webmasters - one click away: Discover how top porn sites grow their organic traffic! [email protected] \| Teams: lettertwenty7 \| Telegram: https://t.me/LT7_Digital

03-04-2021, 12:15 AM	#32
hony Confirmed User Industry Role: Join Date: Nov 2003 Posts: 314	I'm getting paid by a couple of programs in BTC. CB and Stripcash. Just collecting it for now, no where to spend it yet. __________________ sponsors who make me money

03-04-2021, 05:58 PM	#35
adultbizwork Confirmed User Industry Role: Join Date: Aug 2018 Posts: 60	Do you know what exchange rate are programs using when they pay with BTC? Because each exchange/broker has a different price. It would be great if they could pay with USDT, which is a stable coin. That way you don't risk getting paid let's say 1000 dollars in BTC and having 700 dollars a few hours later. Yes I know some people will say that we have FIAT mentality but it is what it is.

03-04-2021, 06:23 PM	#36
shake frc Industry Role: Join Date: Jul 2003 Location: Bitcoin wallet Posts: 4,663	I'm using more and more, today i paid for hosting and domain reg in bitcoin (porkbun)... __________________ Crazy fast VPS for $10 a month. Try with $20 free credit

03-05-2021, 11:28 AM	#38
juddd Confirmed User Industry Role: Join Date: Feb 2015 Posts: 11	I've been paying out in Bitcoin lately to the people that asks. So far so good. And I was able to find a merchant solution for crypto payments the other day. Will be adding that to our premium programs. Crypto just scares me some because of the regulations that will be coming in the future and knowing so little about this info showing up on blockchain and what the government is doing with that. __________________ https://nerdycms.com Email me at traffic {at} nerdycms.com