Re: BitCams.com

Jessy is a female name

Thanks:-) The rest was just... depressing LOL

Quote from: w1R903 on June 23, 2011, 03:34:37 PM

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.

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Quote from: w1R903 on June 23, 2011, 03:34:37 PM

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.

Bitcoin is actually not suitable for traditional porn membership sites. With competitive affiliate percentages a lot of sites don't actually get in the black on a new member in the first month.

The bread and butter of membership sites- the absolute lifeblood is recurring billing. Without all those guys who signup, then forget to cancel most sites would not be profitable. With Bitcoins low adoption rate, dropping it in as a payment option for a little buzz and SE traffic is fine- but if it ever caught on and became a significant portion of signups it would cannibalize recurring charges and bankrupt the site. It would really only be practical setting it as Bitcoin for three month membership- we do that with money orders, but it's a tough sell.

Sites that allow you to purchase a single video clip (clips4sale) still have a following- but mostly for hard to find fetish footage you can't get for free. Static content is a very, very tough market to break into these days and not one I'd recommend.

There are certianly opportunities with crypto-currency, but they will probably be realized by people who work within their existing skill set.

This has been a very interesting thread. I first felt that the BitcoinCam idea was a license to print money but the industry insight that Jessy provided is a real reality check. I think there are lessons here for all potential bitcoin entrepreneurs in any field. Kind of makes me feel sad though: if you cant make money with bitcoin cams where can you Undecided

?

Thanks again for the interesting discussion.

That's the point shes WRONG . Why the hell do people take other people on internet forums so seriously. Half the stuff she spewed on her post was pessimistic garbage, and if you read it initially it was written in an intention to demoralize the entire project as a whole. Who cares what she thinks, if you like bitcams.com and you want to spend your bitcoins there, then what does it matter what any other site is doing? Who cares about her "industry standards", it's girls that need money, that can sign up with very little information, and that can be paid in a fast and anonymous manner. It's a BEAUTIFUL idea, and though it may take a little bit of time to educate the public about bitcoins, it will happen. Money talks bull shit walks, the models will follow the money wherever it is, and right now whether Jesse or anyone reading this post likes it or not, WE HAVE THE MONEY.