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Re: Bitcoin and Porn
by
mtomcdev
on 29/06/2015, 10:12:31 UTC
It seems the porn industry is warming up to Bitcoin. GadgetCoin actually started to work with the porn industry  http://bit.ly/1LDeFdL

Using Bitcoin, the blockchain and smart contracts GadgetCoin offers 95% cash out for the web-cam models  http://bit.ly/1GUAH7v

i don't think any altcoin would be able to provide any liquidity to a web cam business or a business model is they are not backup by btc revenue in order to keep the price stable.

The whole idea is around Bitcoin, GadgetCoin built and the www.jizzmo.net brand is integrated around Bitcoin. The customers buy tokens in Bitcoin and our web-cam models and studios cash out in Bitcoin if they choose to do so. GadgetCoin is just a token to manage settlements, transactions and balances internally.

Since the models get a quicker and higher cash out, the models will push their clients to get tokens in Bitcoin instead of in FIAT. We hope this will bring many new users to Bitcoin. Some of the top web-cam models have 100k Twitter followers and the models can get many new users into Bitcoin. There is an incentive for the models to push their clients to use Bitcoin - they can get cash out 95% on jizzmo.net vs the 40-50% start rate of other sites.

You are absolutely right that the Volatility is an issue. That was the biggest issue when we started to work with jizzmo.net. Our solution is that the Gadget tokens pegged to 1 US$. Again, this is an internal token so the pegging is just an internal process.