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An outright prostitution marketplace (review site, advertising, transaction facilitation) seems like one of the most obvious businesses for jurisdictional arbit
by rdl 9y ago
An outright prostitution marketplace (review site, advertising, transaction facilitation) seems like one of the most obvious businesses for jurisdictional arbitrage. It's not illegal in some markets (although I'm not sure which); unlike an online service which holds assets, there's no real need to identify or know the site operators. The natural advertisers on such a site are either porn/adult affiliates or prostitutes themselves, none of which would have problems contracting with an offshore entity.
Bitcoin today, especially if you couldn't use any of the major wallet providers, is probably beyond the usability cliff for people in this market, but it's enough of a closed market that some kind of payment system should be bootstrapable.
- Natsu 9y agoAsk the Pirate Bay how well that jurisdictional arbitrage works out.
- rdl 9y agoThey didn't have a single jurisdiction where their activity was actually legal, hence no ability to arbitrage. Prostitution is legal in at least some places, and it would be easy to find a jurisdiction which, for money, would permit a prostitution-organizing site which exempted the local jurisdiction.
- Natsu 9y agoNot quite true, they had a fair argument that it was legal to begin with, but significant international pressure put an end to that in relatively short order.