In the USA yes that would be very naive to think you can get away without paying taxes for very long. Other country's are more laxed on their tax laws.
With Bitcoin you only pay taxes on the money you cash it out for. There is currently no way to pay taxes with Bitcoin.
So if you only used Bitcoin to pay for things which is possible, then you pay no taxes.
Bitcoins reputation is just Media Hype. 90 percent of U.S. bills carry traces of cocaine. Lets look at mexico , drugs ,human traffickers, child prostitution, black market organ trade. do you think they Take Bitcoin lol? No they use USD. America's War machine killing thousands of innocent women and children and poisoning lands with radioactive armor piercing ammunition and bombs that will kill for years to come. All built within America's industrial military complex funded with USD. If here was any evil currency's it would be the USD.
99% of Bitcoin users are educated and usually come from the tech industry. Not usually the scumbag type.
You would have the option for tipping show or goal shows. so once you reached your goal or as you built up tips you could sell
on bitstamp or coinbase locking in at current prices. In your account menu you would set your btc sending address to your Bitstamp address.
When you reached the amount you would want to send and cash out you would just click send.Your btc would then go to your Bitstamp
account address where you could instantly sell your BTC for USD or others. There would be no minimum amount you would have to reach.
My other site Cam4btc was run by a guy I came to know in the Netherlands he was working on his masters degree
and didn't have allot of time to spend for development.The video quality was bad and took to much bandwidth to stream.
There where also allot of other small other issues.For me to continue to support and promote
I needed some changes so it didn't work out and he eventually took the site down after I left.
How is age verification done? Well like any porn or cam site its not... Anyone can go out and buy a credit card or click the little box that says i am 18.
There is no real way to verify the age of any customer with out Id verification which no one has. As for models, there will be a verification process.
Have I used Bitcoin to accept payments? Yes I have and I continue to do so. I even pay my bills and buy gas through services like this >
https://www.billpayforcoins.com/ and
http://www.coinfueled.com/ there are not many instances where I have to cash out for USD but i still do.
I use cash out to money pack and load on paypal through localbitcoins.com to cash out. there are many different options
~Cassie
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