View Poll Results: Would you Work for a Bitcoin Based camsite?

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  • Yes

    3 6.98%
  • Maybe

    14 32.56%
  • When Pigs Fly

    22 51.16%
  • WTF is Bitcoin?

    4 9.30%
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Thread: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

  1. #1
    Veteran Member CassieHeart's Avatar
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    Thumbs up Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Hello Ladies. I am back working on a new cam site and would like to build its Features based on your input.
    I would also like to get a feel for Models who would like to work with a Bitcoin based Cam site.

    It looks like Bitcoin is here to stay and at the current market price of $600.00 per Bitcoin and the ability to easily almost instantly cash out to USD and others
    makes it a great world wide payment gateway in my opinion. Here are a just few options you could use to cash out and a little bit about bitcoin.

    Market Price: http://winkdex.com/#/

    About Bitcoin :https://www.youtube.com/watch?v=Um63OQz3bjo
    More >https://www.youtube.com/watch?v=6tWtTsvmHJg

    Cashout: Bitstamp.com & CoinBase > https://www.youtube.com/watch?v=_q_rAeHat1Y


    Initial Web Site Structure & Features .

    Profit Sharing Structure.
    Models = 90% Site =10%

    Payouts: Instant

    Payment Type: Bitcoin

    Charge Backs: None

    Shows: Tipping and Goal based Options.

    Ability to sell Pictures Videos and Items.

    Ability of Model to advertise on profile / No censoring


    Your Feed back, Advise and constructive criticism are welcome.

    ~Cassie Heart
    Last edited by CassieHeart; 03-21-2014 at 04:45 AM. Reason: new link

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  3. #2
    God/dess audritwo's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Didn't a couple bitcoin exchanges go bankrupt?





    Quote Originally Posted by Miss_Red View Post
    Audritwo's asshole sees all, knows all. Spurs on armies of orcs. Casts fear into the dwindling races of Middle-Earth. Fears hobbits.

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  5. #3
    Veteran Member CassieHeart's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Just Mt.Gox as far as I know Due to the incompetence of the coders not taking account for malleability. 1st rule of Bitcoin never trust any site to hold all of your funds. Only move what is needed for a transaction. People trust these places like they are banks and never do any research. One of the draw backs of a anonymous unregulated decentralized currency is you need to use common sense when trading, storing and securing your funds. Unfortunately these days humanity is in short supply of it.

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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    I don't like the idea of having the money I live off of fluctuating for any reason under the sun. I'd never be able to make it my main site for that reason alone.

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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    The site would have to have lot of features making it possible for me to split with other sites and not put too much energy into it. Like if there was a group chat option with no free chat so people just popped in and out while I was doing a paid show (for dollars) somewhere else. Then if I went to sell them (the bitcoins) and could get something for them it would be a nice surprise, but if I went to sell them and they were worthless I wouldnt feel like I worked a lot for nothing.

    I never really saw the point of bitcoin. Its not backed by anything. Made completely out of thin air like regular dollars only without the security of dollars. I just dont understand the reason people use these, except the people who make them for money laundering purposes or whatever.

  9. #6
    Veteran Member smaddy's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Have you ever been to twitch.tv, it's a gaming stream site (no adult content) but I would love if there was an adult site set up the same way. With the subscription model. But if anything, there needs to be a cam site that serves the models first. SM and other sites treat their models like garbage.

  10. #7
    Veteran Member CassieHeart's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Serving the Model First is our goal here. We want models input so we can build something custom, catering to to the Performer first and foremost.
    A subscription option is a great idea I will put that on the list.


    Quote Originally Posted by smaddy View Post
    Have you ever been to twitch.tv, it's a gaming stream site (no adult content) but I would love if there was an adult site set up the same way. With the subscription model. But if anything, there needs to be a cam site that serves the models first. SM and other sites treat their models like garbage.

  11. #8
    Veteran Member Lacy Luck's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    There are double red flags for a bitcoin based site IMHO... 1. The instability of bitcoin 2. The instability of a startup cam site. Both equal high odds that I'll never see a nickel for my work which is why I voted for when pigs fly.

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  13. #9
    Featured Member Tsani's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    While a 90/10 split in the model's favor sounds WONDERFUL, I can't help but wonder how long that can be kept up. I know that since you're not using a regular payment processor that helps with some of the money, but how are you going to be able to get decent traffic and site upkeep on that small of a budget? I suppose it could be possible, I just would worry that the site would go under quickly due to not being profitable.

  14. #10
    Veteran Member CassieHeart's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Let me put some of those concerns to rest.

    1: The instability of bitcoin.

    With our instant payout system you could simply use your coinbase or bitstamp deposit address for your withdraws from our cam site.
    After each show sell your Btc for USD directly to your bank account. This would lock you in with little to no fluctuation give or take a bitcent.
    I like the fluctuation so I am more prone to let it ride or invest in other currency's but that's a whole other ball game.

    2: The instability of a start up camsite.

    Start up and running cost for us will be minute compared to other sites.
    Design and coding will be done in house by partners at no cost . Our team consist of Experienced coders who have
    the ability to setup and run our own media server without going through a middle man. Payment processing will be done in system so no fee there.
    Traffic will come directly from the bitcoin community and related adds. In oct 2013 there was 2.4 million internet users using Bitcoin Most of which are male.
    models who bring their own customers through social media advertising such as twitter will also help allot.
    The site will pretty much run its self at no cost other than the cost of server space, our time and effort.


    I hope that eased your mind a little Bitcoin has come along way in the past few years with users across the globe.
    Large Company's have also started to accept Bitcoin as a form of payment including >

    Overstock.com
    TigerDirect.com
    VirginGalactic.com
    Okcupid.com


    Quote Originally Posted by Lacy Luck View Post
    There are double red flags for a bitcoin based site IMHO... 1. The instability of bitcoin 2. The instability of a startup cam site. Both equal high odds that I'll never see a nickel for my work which is why I voted for when pigs fly.

  15. #11
    loveshooks
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Quote Originally Posted by Lacy Luck View Post
    There are double red flags for a bitcoin based site IMHO... 1. The instability of bitcoin 2. The instability of a startup cam site.
    ^^^^^word

    OP I get that based on your post history you're gung ho on bitcoins but to me there's a huge misdirection of focus here. New cam sites pop and promptly fail and disappear all the time, what would make your site a stronger candidate than all the ones that have failed? If it's the currency used that you plan to use as your strategy for success, two issues I can see are as follows:

    1) while bitcoins users would prob be a dedicated customer base, that base is relatively small and omits a lot of very lucrative/wealthy customers (particularly older customers) who don't understand bitcoins and wouldn't use a site based on that currency.

    2) following the above, you're correct that many legit companies both vanilla and adult now use bitcoins. If bitcoins actually remain valuable (totally debatable but let's say they do) all it would take would be a site like sm of mfc to start accepting bitcoins and your whole marketing angle (being a bitcoin site) would be destroyed

    starting a cam site is easy, operating a profitable site not so much. I think that holds true no matter what types of payment options are accepted. I think it also speaks volumes that you're actually needing to post continually here to try to convince/allay fears of cam chicas vis a vis bitcoins. You won't have that opportunity with guys who find your site and are turned off by the payment system, they'll just close the page.

    good luck and all, I just think you have a steep hill to climb.

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  17. #12
    Veteran Member CassieHeart's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    I am in no way a gunghoe Bitcoin fanatic but I think there is allot of potential and money to be made in Bitcoin.
    Yes Bitcoin users are a very tight nit community and very dedicated to supporting the people and business surrounding it.
    If all of the mainstream sites starting accepting Bitcoin we would just add others as there are over 100, all with their own unique user base.

    I think the site could survive for years to come just on that niche alone. Overstock.com generated 2 million in sales in 2 months.
    If the Models and our site could just do a 1/4 of that we would be happy and I am sure you guys would be happy to.

    As for user base, at first we will just rely on the Bitcoin user base for customers but we will start to branch out once we gain momentum.
    Bitcoin isn't that much different to the token based systems customers already use except in my opinion its more exciting.

    One idea we had to attract new Bitcoin users on our site is a Casino, dice ,slots and card games in every models room Profit sharing would be the same
    90% Models 10% Site. This would bring New users in Masses. As of right now it would be perfectly legal.


    We have lots of ideas to rise to the top and with the proper implementation , Timing and guidance from the community and models
    I think we Could make this a success.

    ~Cassie Heart




    Quote Originally Posted by loveshooks View Post
    ^^^^^word
    OP I get that based on your post history you're gung ho on bitcoins but to me there's a huge misdirection of focus here. New cam sites pop and promptly fail and disappear all the time, what would make your site a stronger candidate than all the ones that have failed? If it's the currency used that you plan to use as your strategy for success, two issues I can see are as follows:

    1) while bitcoins users would prob be a dedicated customer base, that base is relatively small and omits a lot of very lucrative/wealthy customers (particularly older customers) who don't understand bitcoins and wouldn't use a site based on that currency.

    2) following the above, you're correct that many legit companies both vanilla and adult now use bitcoins. If bitcoins actually remain valuable (totally debatable but let's say they do) all it would take would be a site like sm of mfc to start accepting bitcoins and your whole marketing angle (being a bitcoin site) would be destroyed

    starting a cam site is easy, operating a profitable site not so much. I think that holds true no matter what types of payment options are accepted. I think it also speaks volumes that you're actually needing to post continually here to try to convince/allay fears of cam chicas vis a vis bitcoins. You won't have that opportunity with guys who find your site and are turned off by the payment system, they'll just close the page.

    good luck and all, I just think you have a steep hill to climb.

  18. #13
    God/dess minniesoporno's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    I don't want to many things messing with my money, I don't use bitcoin and I have interest in using it.

    Didn't anyone hear about the bitcoin that went missing in the news.
    http://www.ctvnews.ca/business/bankr...oins-1.1739288
    Stripperweb is closing! Join me over at WeCamgirls

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  19. #14
    God/dess cherryblossomsinspring's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Well since overstock and amazon are accepting bitcoin I suppose it's still in business so to speak. I do recall there was a campsite maybe Onhercam or Oncamher or one of the sites connected to this company had "now accepting bitcoins". Still even if you have bitcoins as your main means of accepting payment you should still have regular payments as well along with paying out the models the regular way too.

    Point is since bitcoin is somewhat a mystery to most people it's best to allow the option to accept bitcoins for cam shows but not pay out models that way. That way you as the cam site owner can do all the bitcoin fun you want on your end but it would be business as usual for everyone else.

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  21. #15
    God/dess Sam38g's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Making a horny man jump through one more hoop before handing over his money to jack off is redundant. He will simply move onto another place.

    I have a videographer is into bitcoin big time. Get lectured everytime we shoot about it & how I am missing out.

    All internet things have a build up & then a bust, I remember the dot com boom when sites with no real traffic or brand where selling for huge numbers so people could own the domain name. When those investors didn't make the million of instant money they hoped for they went under.

    Don't care WHAT mainstream sites have sales in bitcoins a month, cause if it goes belly up they can afford the cost of it. I, personally am NOT going to risk my time, effort, camming & customers on bit coins or a new cam site.

    Depending upon models to bring their own traffic is NOT going to work either. Cam sites have to BUY Traffic, to get good, converting traffic & affiliates COST $$$.

    The intent with bit coin it to hold ON to it & see the value increase. And don't you have to go through a trusted online buyer to get them now, you can't buy or sell them directly?

    Try going to the bank & deposit a bit coin.. Oh, that right, there is no actual coin. Nor has my bank notified me it takes bit coins.


    A money made UP & has a so-called value WILL never made up. There is a U.S. Treasury... I love. Gold has always retained some kind of value for centuries. Now if a cam site wanted to pay me in gold coins, I'm game.

    Sam

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  23. #16
    Veteran Member CassieHeart's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    That would defeat the purpose of having Bitcoin as a payment. I think most of you really have no clue how Bitcoin works. And you really should

    You would get instant payments No fees no charge backs, after every show or tip you could simply go to your Bitstamp account and cash out to USD instantly.

    No more waiting till you hit a certain goal or waiting for a bi weekly check. No one would control your money but you.

    When you get tips or hit your goal your Bitcoin would be instantly payed directly to you and in turn you can instantly cash out to USD if you choose.

    As for Taxes we would not be required to report your earnings to anyone.

    You would choose whether or not you would like to pay taxes on the money you earned from cashing out your Bitcoins.


    As for the things you hear in the media like Mt Gox that wouldn't pertain to you those are trading sites like stocks and yes trading is risky but it can be lucrative.

    The point of this post is to see if girls would want to use a system like this So we could get an idea of if we could get Models to use our system.

    If the models currently like the status quo of things at the moment then there is no point in investing the time to build it.

    I hope this cleared some things up. With this system it would turn the industry upside down. No more pimps and hoes....



    ~Cassie



    Quote Originally Posted by cherryblossomsinspring View Post
    Well since overstock and amazon are accepting bitcoin I suppose it's still in business so to speak. I do recall there was a campsite maybe Onhercam or Oncamher or one of the sites connected to this company had "now accepting bitcoins". Still even if you have bitcoins as your main means of accepting payment you should still have regular payments as well along with paying out the models the regular way too.

    Point is since bitcoin is somewhat a mystery to most people it's best to allow the option to accept bitcoins for cam shows but not pay out models that way. That way you as the cam site owner can do all the bitcoin fun you want on your end but it would be business as usual for everyone else.

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  25. #17
    Featured Member Aurora14's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    I think, for the site to appeal to models, you have to have multiple options for payouts and PAYING traffic. I'd prefer to know what my coins are worth and cash them into real money ASAP. I'd rather pay taxes and know I have money than let it sit and face the possibility that it could lose half it's value tomorrow. That's what we have the stock market for.

    Also, with having Bitcoin as the only accepted payment you are really limiting the customer pool. According to bitscan.com, there are approximately 1.2 million active accounts. (Full article here: http://bitscan.com/bitnews/item/how-...does-it-matter ) I think you would have to have an A++ advertising campaign to have all of them on your site at least once a week. Plus a campaign to convert customers to want to use Bitcoin if they previously weren't using it. I don't know of anyone that uses bitcoin, but everyone has some kind of debit or credit card, even if it's prepaid.

    Overstock.com, TigerDirect.com, VirginGalactic.com,& Okcupid.com are all established companies that are accepting Bitcoin as one of SEVERAL options to pay them. I think it is too early to have a company that is supposed to profit off of Bitcoin only. It would be like a company only accepting American Express. Ya, people have it and use it. But it isn't the majority.

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  27. #18
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Quote Originally Posted by CassieHeart View Post
    That would defeat the purpose of having Bitcoin as a payment. I think most of you really have no clue how Bitcoin works. And you really should

    You would get instant payments No fees no charge backs, after every show or tip you could simply go to your Bitstamp account and cash out to USD instantly.

    No more waiting till you hit a certain goal or waiting for a bi weekly check. No one would control your money but you.

    When you get tips or hit your goal your Bitcoin would be instantly payed directly to you and in turn you can instantly cash out to USD if you choose.

    As for Taxes we would not be required to report your earnings to anyone.

    You would choose whether or not you would like to pay taxes on the money you earned from cashing out your Bitcoins.


    As for the things you hear in the media like Mt Gox that wouldn't pertain to you those are trading sites like stocks and yes trading is risky but it can be lucrative.

    The point of this post is to see if girls would want to use a system like this So we could get an idea of if we could get Models to use our system.

    If the models currently like the status quo of things at the moment then there is no point in investing the time to build it.

    I hope this cleared some things up. With this system it would turn the industry upside down. No more pimps and hoes....



    ~Cassie
    I think it's very naive to think you can decide whether or not to pay taxes.

    Anything that hits your bank the IRS is going to have their hand out and will eventually catch you if you try to evade taxes. I don't look good in orange so I pay on whatever I collect after my business expenses.

    I am interested in how this works though. If I cashed out immediately directly to my bank account, prepaid before I did a show and didn't have to deal with bitcoin's value going up and down I can see how that could work, plus I love the no chargeback thing.

    What I do not like though is the reputation Bitcoin has for attracting the worst of the worst as far as criminals.

    I have a couple of questions for you personally too -- Why did your other Biotcoin cam site fail?

    Have you actually used bitcoin to accept payment?

    How is age verification done? I don't want to get in trouble for performing for an underage viewer. I just will not take that risk.


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  29. #19
    Veteran Member CassieHeart's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    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



    Quote Originally Posted by laurielegs View Post
    I think it's very naive to think you can decide whether or not to pay taxes.

    Anything that hits your bank the IRS is going to have their hand out and will eventually catch you if you try to evade taxes. I don't look good in orange so I pay on whatever I collect after my business expenses.

    I am interested in how this works though. If I cashed out immediately directly to my bank account, prepaid before I did a show and didn't have to deal with bitcoin's value going up and down I can see how that could work, plus I love the no chargeback thing.

    What I do not like though is the reputation Bitcoin has for attracting the worst of the worst as far as criminals.

    I have a couple of questions for you personally too -- Why did your other Biotcoin cam site fail?

    Have you actually used bitcoin to accept payment?

    How is age verification done? I don't want to get in trouble for performing for an underage viewer. I just will not take that risk.

  30. #20
    God/dess cherryblossomsinspring's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Quote Originally Posted by CassieHeart View Post
    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

    You just posted a link for BillPay For Coins. Strange that you say you've paid your bills with this site but looking at the site it clearly states

    " Notice BillPayForCoins is now closed. Feel free to view your payment information through the end of 2013. Thank you for your business."

    It's March of 2014 so apparently at least for the last 3 months you've had to use something other than this site to pay your bills since they apparently closed some time in 2013.

    Also the second site CoinFueled has only 4 tweets on twitter and 24 followers. I haven't seen a new tweet from them since January.

    The problem I see with bitcoins at least in these examples is that companies that accept it tend to shut down because either they don't have enough subscribers to their service or something happened with some exchange issues with one of the big companies like MtGot.

    Amazon accepting them is great because amazon will not go out of business any time soon.

  31. #21
    Veteran Member CassieHeart's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Wow, you are right they closed down haven't used them in awhile. Looks like they shut down because of a internal dispute the company is for sale on bitcointalk.org >https://bitcointalk.org/index.php?topic=279348.0

    I do know for a fact that CoinFueled is alive and still running. Businesses come and go just like with Fiat.
    Most of the thriving Bitcoin businesses are located in Europe and Canada.The Fed - FinCen, has been making Bitcoin based businesses
    register as money service businesses like paypal and western union so they either been shutting down or moving over seas.


    When a Bitcoin business shuts down its usually not because they don't have enough users it because of regulation in the USA .
    Bitcoin is a niche with its own unique user base. A business can usually advertise for free on bitcointalk.org and other forums
    driving all the traffic they need for free.Amazon will be taking bitcoin very soon its only a matter of time.
    I am here trying to get ladies on the band wagon now before the opportunity for big money is gone.


    ~Cassie


    Quote Originally Posted by cherryblossomsinspring View Post
    You just posted a link for BillPay For Coins. Strange that you say you've paid your bills with this site but looking at the site it clearly states

    " Notice BillPayForCoins is now closed. Feel free to view your payment information through the end of 2013. Thank you for your business."

    It's March of 2014 so apparently at least for the last 3 months you've had to use something other than this site to pay your bills since they apparently closed some time in 2013.

    Also the second site CoinFueled has only 4 tweets on twitter and 24 followers. I haven't seen a new tweet from them since January.

    The problem I see with bitcoins at least in these examples is that companies that accept it tend to shut down because either they don't have enough subscribers to their service or something happened with some exchange issues with one of the big companies like MtGot.

    Amazon accepting them is great because amazon will not go out of business any time soon.

  32. #22
    God/dess Sam38g's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    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.


    HUH? So U.S. money is dirty & bit coins are clean, thus we should NEVER want to make U.S. dollars again? That is the most idiotic statement ever made, as if everyone who works hard for a paycheck & U.S. Money instantly become coke dealing sex traffic low life killers... oh please

    You are asking girls to gamble. I don't cam on SM for stocks & bonds, to guess each week come pay out time how much my money is worth. You aren't even giving them options for their investment like a stock portfolio, your ONE & ONLY investment is BIt coins. Any money manager will NEVER tell you to invest into just ONE stock.

    History: Stock markets crash, housing market crash, dot coms crash, porn crashed, sooooo too will bit coins.

    Say my rent is $1500, I work all week on SM & make $1500, guess what I will be able to pay my rent. Now with bit coins who knows what the value will be when one decides to cash out.

    Fact is NEW cam sites fail all the time, now you want to limit the customer list to just guys with bit coins. Why do new cam sites fail? You need lots of girls to bring in sales & traffic. Girls don't cam for new sites because they are established & making money on other well known, established companies. If an hour makes me $100 on SM & I might make $20 in an hour on Naked, guess which one wins out?

    Going on & on about bit coins & how we don't get it, how U. S. Money is dirty IS NEVER going to convince models to sign up to it. I can careless about getting paid when I want to, a steady check that comes in weekly is fine by me.

    What you are hoping for is that girls don't cash out & let it ride. Saying they benefit the most in hopes it will increase in value..

    What do you get out of it? Why are you pushing it so hard? How much money do you make daily with camming for bit coins?

    Insulting that you tell me U.S. money is bad & how dare I work so hard to earn it. If the U.S. dollar disappeared those criminals would find a way no matter what the currency is to make money.


    To dismiss MEDIA HYPE is BS! Media HYPE is what bit coins are all about... Media Hype can kill a stock & a company, never dismiss media hype. Isn't that what you are doing here, lots of media hype to get girls to do this?
    Sam

  33. #23
    God/dess Sam38g's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Bit coins is just another get rich scam, in which many will lose their investment.

    Guys who play in bit coins are just as able to cash out & go to any cam site to spend that money. They don't need a bit coin specific site.

    Porn companies that have started taking bit coins according to those on xbiz are NOT getting bit coin sales, so there goes that bit coin community supports those who take it stuff.

    There is plenty of media hype all for it & how way to many people just don't get it... Money & investments are NOT hard to understand. I get it, just don't believe in it. Don't care how many people around the world who are into it either, doesn't make it legit.

    To call naysayers are just not smart enough to get it is WRONG, we are all allowed to have our opinion. Bit coins are an investment, a risky one.

    I will spend $600 this week to shoot about 4 scenes which is 2 months of updates for my site. MY site will make me about $2500 to $3000 a month. This is a profit of about $5000 for me in 2 months time. This is a profit margin that took time to build & get there but is a sure thing for me. I get investing, I invest in me.... no bit coin can give me that kind of stable income. No stock market can guarantee me that kind of return.

    Rethink your approach to the models here.
    Calling our customers scum bag types is WRONG.... there money spends just fine for me. We shouldn't cam for other sites cause that money is from scum bags that deal drugs, exploit females & bomb others... bit coin money is nice & clean so we will have a clear conscience in spending it.
    ARE YOU KIDDING ME? this isn't even logical... pure nonsense...


    Sam
    Last edited by Sam38g; 03-23-2014 at 06:44 AM. Reason: need bold

  34. #24
    Banned Melonie's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Where bitcoins are concerned, the following is probably the biggest reason for US girls to avoid them ...

    and



    In a nutshell, the WSJ and Forbes report an IRS 'position' that bitcoin transactions must be handled the same as if they were stock or bond transactions. In other words, to avoid IRS problems, the camgirl would need to keep a record of how many bitcoins she earned every single day ... and the corresponding 'US dollar exchange rate' that applied for that day. Additionally, when the camgirl converts bitcoins back to US dollars, she must also keep track of the amount and applicable 'US dollar exchange rate' which applied when her bitcoins were 'cashed in'. WSJ described the issue as follows ...


    (snip)Clearly, someone could have a taxable gain or loss in bitcoin when it is sold or given away. But there could also be a taxable gain or loss when bitcoin is used simply to purchase goods or services, says Mindi Lowy, a tax director at PricewaterhouseCoopers in New York. "The fact that using bitcoin to buy something could trigger taxes will come as a surprise to typical consumers," she says. Most people, after all, don't think of spending money as an act that could generate taxable gains or losses.

    Taxpayers may also have difficulty tracking a bitcoin's "cost basis," which is the price used as the starting point for measuring taxable gain or loss, says Ms. Lowy. Unlike with assets such as stock or mutual funds, there's no institution keeping bitcoin records, and taxpayers may not even know they need to do so themselves.(snip)


    Based on those self-kept financial records, the camgirl then needs to report and pay taxes on the 'income' earned ( in converted US dollars, not in bitcoins ). And on top of that, the camgirl also needs to also report and pay taxes on any 'capital gains' earned because the previously received bitcoins sitting in her 'wallet' increased in US dollar exchange rate value between the day she earned them and the day she 'cashed them in' for US dollars ! Thus for a 'full time' camgirl, this tax accounting will involve something like 250 separate line item entries - one entry for each day that bitcoins were earned - to establish the 'cost basis' upon which exchange rate based capital gains taxes will be leveed. An additional Schedule D ( IRS capital gains form ) entry will be required each time bitcoins are 'cashed in', which lists the 'cost basis' as those bitcoins were earned day by day + the number of resulting US dollars when the bitcoins were 'cashed in' + the differential between the 'cost basis' US dollar exchange rate value received on each day bitcoins were earned versus the US dollar exchange rate value that applied on each of the days that the 'cashed in' bitcoins were actually paid out in US dollars.

    I'll try to simplify this using an example of a camgirl being paid daily in bitcoin who 'cashes in' once a week. On Monday she earns 0.6 bitcoins and the exchange rate is $514. On Tuesday she earns 0.5 bitcoins and the exchange rate is $522. On Wednesday she earns 0.7 bitcoins and the exchangge rate is $505. On Thursday she earns 0.5 bitcoins and the exchange rate is $518. On Friday she earns 0.7 bitcoins and the exchange rate is $524. So the total amount of reportable 'income' for that week via IRS Schedule C is 0.6*514 + 0.5*522 + 0.7*505 + 0.5*518 + 0.7*524 = $ 1549 ... on which she will owe something like $ 500 in 'ordinary income' taxes.

    However, when she 'cashed in' on Friday she actually received ( 0.6 + 0.5 + 0.7 + 0.5 + 0.7 )*524 = $ 1572. Thus the positive difference of $1572 - $1549 = $ 23 must be reported separately on IRS Schedule D as a capital gain ... on which she will additionally owe something like $5 in 'capital gains' tax. Obviously this must be repeated for each week of the year ( assuming a single weekly 'cash in' ). However, as Forbes points out, if the girl actually uses her bitcoins to 'pay' for any purchase ( as opposed to 'cashing them in' for US dollars ), the same calculations must be made and an additional Schedule D capital gains entry must be made for any difference in US dollar exchange rate value between the date the bitcoins were actually earned and the date the purchase was made via bitcoins being 'spent' directly.

    Putting all 'judgemental' issues regarding bitcoins aside, the fact that the IRS has ruled that they must now be accounted for as an 'asset' ... with an associated huge record-keeping and tax filing burden ( which also will absolutely increase the probability of an IRS audit ) ... is IMHO enough to make the idea of being paid in bitcoins totally impractical for US camgirls.
    Last edited by Melonie; 03-23-2014 at 09:26 AM.

  35. #25
    Veteran Member CassieHeart's Avatar
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    Default Re: Input needed, Q/A Cam Site Features Do's, Dont's & Bitcoin

    Melanie I respect your position and your post are usually on point and informative. But in this case you couldn't be more wrong.
    Everything in your post is just speculation. The fact is Bitcoin cant be regulated that is its whole purpose.
    If the IRS and Obumba could regulate the currency they would have done it already. It is just not possible.

    The IRS Currently has no tax laws or guidance in place for bitcoin and I can bet they wont in the future.
    They are just full of hot air just like most of the media outlets that are owned and funded by the banking industries.
    Bitcoin is virtually untraceable, unregulated and decentralizedthere is just no way possible they could control it unless they outright banned it.
    They can however regulate its businesses and fiat exchanged for it. Bitcoin net worth is already well over 1 billion and continues to grow.

    Paying taxes on money earned from Bitcoin is easy, you pay taxes on the money you earned from it that year just like anything else period,
    ask your Cpa or financial advisory.There are no specific tax laws on Bitcoin or another virtual currency's.
    I am just shocked at the sex industries stance on the currency. they are getting left behind.
    Theres no denying the fact that people are becoming millionaires over night and making big gains from the currency.
    JPMorgan and other banks are working on their own crypto currency's as we speak, that should tell you something right there. This is the future of money .







    Quote Originally Posted by Melonie View Post
    Where bitcoins are concerned, the following is probably the biggest reason for US girls to avoid them ...

    http://online.wsj.com/news/articles/...68322915488180 and

    http://www.forbes.com/sites/joeharpa...tcoin-and-how/

    In a nutshell, the WSJ and Forbes report an IRS 'position' that bitcoin transactions must be handled the same as if they were stock or bond transactions. In other words, to avoid IRS problems, the camgirl would need to keep a record of how many bitcoins she earned every single day ... and the corresponding 'US dollar exchange rate' that applied for that day. Additionally, when the camgirl converts bitcoins back to US dollars, she must also keep track of the amount and applicable 'US dollar exchange rate' which applied when her bitcoins were 'cashed in'. WSJ described the issue as follows ...


    (snip)Clearly, someone could have a taxable gain or loss in bitcoin when it is sold or given away. But there could also be a taxable gain or loss when bitcoin is used simply to purchase goods or services, says Mindi Lowy, a tax director at PricewaterhouseCoopers in New York. "The fact that using bitcoin to buy something could trigger taxes will come as a surprise to typical consumers," she says. Most people, after all, don't think of spending money as an act that could generate taxable gains or losses.

    Taxpayers may also have difficulty tracking a bitcoin's "cost basis," which is the price used as the starting point for measuring taxable gain or loss, says Ms. Lowy. Unlike with assets such as stock or mutual funds, there's no institution keeping bitcoin records, and taxpayers may not even know they need to do so themselves.(snip)


    Based on those self-kept financial records, the camgirl then needs to report and pay taxes on the 'income' earned ( in converted US dollars, not in bitcoins ). And on top of that, the camgirl also needs to also report and pay taxes on any 'capital gains' earned because the previously received bitcoins sitting in her 'wallet' increased in US dollar exchange rate value between the day she earned them and the day she 'cashed them in' for US dollars ! Thus for a 'full time' camgirl, this tax accounting will involve something like 250 separate line item entries - one entry for each day that bitcoins were earned - to establish the 'cost basis' upon which exchange rate based capital gains taxes will be leveed. An additional Schedule D ( IRS capital gains form ) entry will be required each time bitcoins are 'cashed in', which lists the 'cost basis' as those bitcoins were earned day by day + the number of resulting US dollars when the bitcoins were 'cashed in' + the differential between the 'cost basis' US dollar exchange rate value received on each day bitcoins were earned versus the US dollar exchange rate value that applied on each of the days that the 'cashed in' bitcoins were actually paid out in US dollars.

    I'll try to simplify this using an example of a camgirl being paid daily in bitcoin who 'cashes in' once a week. On Monday she earns 0.6 bitcoins and the exchange rate is $514. On Tuesday she earns 0.5 bitcoins and the exchange rate is $522. On Wednesday she earns 0.7 bitcoins and the exchangge rate is $505. On Thursday she earns 0.5 bitcoins and the exchange rate is $518. On Friday she earns 0.7 bitcoins and the exchange rate is $524. So the total amount of reportable 'income' for that week via IRS Schedule C is 0.6*514 + 0.5*522 + 0.7*505 + 0.5*518 + 0.7*524 = $ 1549 ... on which she will owe something like $ 500 in 'ordinary income' taxes.

    However, when she 'cashed in' on Friday she actually received ( 0.6 + 0.5 + 0.7 + 0.5 + 0.7 )*524 = $ 1572. Thus the positive difference of $1572 - $1549 = $ 23 must be reported separately on IRS Schedule D as a capital gain ... on which she will additionally owe something like $5 in 'capital gains' tax. Obviously this must be repeated for each week of the year ( assuming a single weekly 'cash in' ). However, as Forbes points out, if the girl actually uses her bitcoins to 'pay' for any purchase ( as opposed to 'cashing them in' for US dollars ), the same calculations must be made and an additional Schedule D capital gains entry must be made for any difference in US dollar exchange rate value between the date the bitcoins were actually earned and the date the purchase was made via bitcoins being 'spent' directly.

    Putting all 'judgemental' issues regarding bitcoins aside, the fact that the IRS has ruled that they must now be accounted for as an 'asset' ... with an associated huge record-keeping and tax filing burden ( which also will absolutely increase the probability of an IRS audit ) ... is IMHO enough to make the idea of being paid in bitcoins totally impractical for US camgirls.
    Last edited by CassieHeart; 03-24-2014 at 01:49 AM.

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