Post
Topic
Board Bitcoin Discussion
Re: Is sex selling bitcoin?
by
Herbert2020
on 07/06/2015, 11:43:55 UTC
Bitcoin doesn't need sex to sell, it sells itself. That being said, I do think the sex industry could really benefit from bitcoin. I think it's only a matter of time before they get involved.

What if the Bitcoin-payment processors refuse to cater to the porn websites? I have heard that the Bitpay has turned down a number of requests from porn websites, along with similar requests from merchants dealing with legal Marijuana (in Colorado) and those dealing with pharmaceuticals. We need more and more payment processors, as currently Bitpay and Coinbase are monopolizing the market.

I don't understand why they wouldn't deal with adult websites? Why turn business away? Doesn't make sense. I think Paypal do this as well. Couldn't websites just accept bitcoin directly and use their own bots to cash out the coins to an exchange automatically?
i think the biggest reason that websites don't accept bitcoin directly to their address and then sell it themselves is that right now there aren't many people using bitcoin and maybe it is a lot of effort for little reward if you ask me. so none of the big websites have done it yet.