Post
Topic
Board Project Development
Re: BitCams.com
by
FlipPro
on 23/06/2011, 19:13:02 UTC
Jessy, I actually read your entire post carefully, and although I have no interest in the adult entertainment industry (don't condemn it, just not my thing), I got a lot out of your (and Warren's) ideas.  "Moat" is an important concept; it's essentially why my wife and I had to abandon an educational app that we had put 2 months of part-time work into -- a big player stepped in easily before I got it off the ground since the barriers to entry were low.  As I'm thinking about future opportunities, this concept of moat needs to be burned into my mind lest I waste another 2 months of work.  Thanks for the reminder.

That said, with new technologies, there's always a chance an upstart will end up winning big, since being first in counts for a lot.  The barriers to becoming an online BTC exchange were relatively low (some would say too low, but not me).  But look at how successful MtGox was prior to the hack, just because they were one of the first ones in.  A savvy businessman could have taken all the cash flowing in and created a rock solid site and then been THE online exchange to beat in the coming years.  I suspect it will be the same for Bitcoins and porn.
You don't know who she is, you don't know who pays her. People with her attitude are the ones that are going to cause this currency to ultimately fail, but it won't happen because people like me won't let it happen. There are many amazing uses for Bitcoins, and cam exchanges are one of them. There are many ways to get around the technical difficulties of a fluctuating currency, and I honestly think the concept of bitcams is rock solid no matter what Jesse or anyone else thinks.