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Why hasn't crypto made inroads into this world yet? Porn is historically an early adopting industry (online payments, thumbnail play w/scroll, VR, etc.) and thi

Why hasn't crypto made inroads into this world yet? Porn is historically an early adopting industry (online payments, thumbnail play w/scroll, VR, etc.) and this seems like a theoretically optimal use case where someone would desire some level of anonymity or at least some obfuscation as to their identity

theturtletalks 4y ago
I was very excited about Solana Pay[0] when it dropped last year, but it doesn't seem to have gotten much traction. 0. https://solanapay.com/ https://solanapay.com/
- atlasunshrugged 4y ago
  Interesting, will they have a TOS similar to Coinbase Commerce (which bans porn as a business category) https://commerce.coinbase.com/legal/terms-of-service/ https://commerce.coinbase.com/legal/terms-of-service/
  - theturtletalks 4y ago
    Hmmmm, maybe because both of them allow people to pay with credit card and send crypto. True decentralized payments would be crypto to crypto but that would force users to hold that crypto in a wallet.
- TimJRobinson 4y ago
  Solana still regularly goes down because it has little rate limiting or DDoS protection. Until that is fixed it's unlikely many will adopt it for payments.
redox99 4y ago
> Why hasn't crypto made inroads into this world yet? Why do you assume it hasn't? If I try to purchase premium on PornHub[1], it ONLY shows cryptocurrency as an option, and says: "Unfortunately we are unable to accept credit cards at this moment" (Maybe in other regions it's different) And I'm sure almost all porn websites accept crypto. Also 4chan pass[2], can ONLY be purchased with crypto as well. [1] Not linked in case it violates HN guidelines [2] https://www.4channel.org/pass https://www.4channel.org/pass
- atlasunshrugged 4y ago
  Hey, what do you know! I've never actually clicked through to subscribe on any of these sites, I just assumed from the article and all the comments that there was no alternative to the Visa/Mastercard duopoly. Thoughts on why it hasn't achieved much adoption?
  - redox99 4y ago
    > Thoughts on why it hasn't achieved much adoption? You mean crypto for porn payments, or crypto in general? If crypto is not only accepted on basically all porn websites, but also the only option in many of them, then I'd say adoption is quite good. If PornHub accepts only crypto, and (someone on this post claimed) that half of their income comes from subscribers, then a significant amount of people must be using crypto to pay for porn. We probably just don't hear about it because people are ashamed of spending money on porn.
    - herbst 4y ago
      A lot of these sites also prefer to pay their content providers in crypto.
- tzs 4y ago
  For me it shows bank transfer and bitcoin as payment options. I'm in the US.

theturtletalks 4y ago

I was very excited about Solana Pay[0] when it dropped last year, but it doesn't seem to have gotten much traction. 0. https://solanapay.com/ https://solanapay.com/

atlasunshrugged 4y ago
Interesting, will they have a TOS similar to Coinbase Commerce (which bans porn as a business category) https://commerce.coinbase.com/legal/terms-of-service/ https://commerce.coinbase.com/legal/terms-of-service/
- theturtletalks 4y ago
  Hmmmm, maybe because both of them allow people to pay with credit card and send crypto. True decentralized payments would be crypto to crypto but that would force users to hold that crypto in a wallet.
TimJRobinson 4y ago
Solana still regularly goes down because it has little rate limiting or DDoS protection. Until that is fixed it's unlikely many will adopt it for payments.

redox99 4y ago

> Why hasn't crypto made inroads into this world yet? Why do you assume it hasn't? If I try to purchase premium on PornHub[1], it ONLY shows cryptocurrency as an option, and says: "Unfortunately we are unable to accept credit cards at this moment" (Maybe in other regions it's different) And I'm sure almost all porn websites accept crypto. Also 4chan pass[2], can ONLY be purchased with crypto as well. [1] Not linked in case it violates HN guidelines [2] https://www.4channel.org/pass https://www.4channel.org/pass

atlasunshrugged 4y ago
Hey, what do you know! I've never actually clicked through to subscribe on any of these sites, I just assumed from the article and all the comments that there was no alternative to the Visa/Mastercard duopoly. Thoughts on why it hasn't achieved much adoption?
- redox99 4y ago
  > Thoughts on why it hasn't achieved much adoption? You mean crypto for porn payments, or crypto in general? If crypto is not only accepted on basically all porn websites, but also the only option in many of them, then I'd say adoption is quite good. If PornHub accepts only crypto, and (someone on this post claimed) that half of their income comes from subscribers, then a significant amount of people must be using crypto to pay for porn. We probably just don't hear about it because people are ashamed of spending money on porn.
  - herbst 4y ago
    A lot of these sites also prefer to pay their content providers in crypto.
tzs 4y ago
For me it shows bank transfer and bitcoin as payment options. I'm in the US.