Cryptocurrencies and the adult video content industry have been linked together for quite some time now. While this issue was definitely not the first one Satoshi Nakamoto, creator of Bitcoin, might have had in mind, solving problems for adult film makers or content creators is definitely something where cryptocurrencies can offer a solution.
And as was seen in the past few years through Pornhub or problems of OnlyFans, crypto definitely does offer a value to both the users of these platforms as well as the content creators. How is that possible?
The payment problems of adult content creators
On 15th of December 2020, Pornhub, the biggest adult video website, announced that it will be only accepting cryptocurrencies as a payment for Premium purchases and top ups. This included a list of 13 cryptocurrencies such as Bitcoin, Ethereum, Tether, Ripple, as well as the anonymous cryptocurrency Dash.
This was mostly due to the problems with the payment providers and credit card giants such as MasterCard and Visa. Both of these platforms stopped supporting Pornhub, which made paying for subscriptions at the website almost impossible.
Very similar problem was witnessed only last year, when OnlyFans, one of the most popular websites for adult content creators, announced that it will be banning “sexually explicit content.” This news was heartbreaking for countless content creators at the website, since OnlyFans has become their bread and butter due to improved and more efficient subscription models that connected adult content creators directly with their audience.
And why was OnlyFans planning to change its very successful model and strategy? Because they needed to comply with the requests of their banking partners and pay-out providers. While this decision was later reversed, during that time many have started to point out that the problems with adult content creation can be solved thanks to cryptocurrencies.
Where can Bitcoin step in?
With Bitcoin, you do not need to worry that it will somehow not accept your payment. Or that it will stop supporting the platform that you use either for creation of a content or to consumption of a content. Since Bitcoin is not concerned with what the users are paying for, but rather if they are complying with the very few rules on the network (such as do not spend more than you actually have in your, ideally anonymous, Bitcoin wallet), Bitcoin will not be the one to stop any content creator from receiving the payments from their audience.
And that is exactly why Pornhub has been supporting cryptocurrencies for almost 2 years now. Itwhir.storeo a reason why Bitcoin was always the first choice when it comes to adoption of the cryptocurrencies as payment methods. Due to its decentralized nature and immutable ledger system, no one will ever be powerful enough to change, reverse or ban transactions just for the sake of “terms and conditions” or other policy measures.
This is exactly what adult content creators need to not only be able to fully benefit from cryptocurrencies such as Bitcoin, but also to make sure that they will not be unemployed or without any income just because some platform has derailed from its original statement or purpose.
Whir and the introduction of privacy
Bitcoin can thus help not only with better stability, but also with an improved self-sovereignty. These two benefits can be improved upon by the introduction of anonymity, in case either the adult content creator or the consumer would want to keep their information private. While this would still need to be properly thought of as per how the subscription models would work (depending on the platform or software), Whir can essentially solve the Bitcoin privacy problem, just like it is solving privacy concerns for activists or libertarians.
Would you like to pay with Bitcoin privately? Use Whir. A tool for an average Joe (or Jane) who wants to protect their privacy. Send Bitcoin privately, without KYC, using a CoinJoin transaction.
Thanks to easy-to-use interface, Whir can make almost any Bitcoin transaction of smaller size anonymous and private, so that the identities of the receiver and the sender are anonymous. While this might lead to some complications at first, there are already teams around the world that are developing proper systems and solutions as to how to properly pair anonymous transactions of this kind, which means that it does not pose any real threat or concern.
Conclusion
Nevertheless, Bitcoin helps adult content creators such as those operating at OnlyFans to be not only in charge of their own subscription models and payment methods, but also helps with improved self-sovereignty. And in combination with Whir, it can also help with privacy as well.
Disclaimer: This article does not serve as a piece of financial advice or encouragement and inducement for the usage of Bitcoin and other cryptocurrencies. Its primary role is informative, explanatory, and educational. The readers have to decide themselves whether to use or not to use these types of services.
Disclaimer: This article does not serve as a piece of financial advice or encouragement and inducement for the usage of Bitcoin and other cryptocurrencies. Its primary role is informative, explanatory, and educational. The readers have to decide themselves whether to use or not to use these types of services.
Everyone has right
for their privacy.
Privacy is a fundamental human right recognized by the UN Declaration of Human rights, the International Covenant on Civil and Political Rights and in other treaties. No matter who you are, Whir is for all of you*, and these are our clients:
* Okay, let’s be clear. Privacy is absolutely vital for the bad guys, too. We, however, do not support the crooks, and our service is not suitable for them either. Even though Whir does the best to anonymize the transactions, there are far better coins for crypto anonymity, such as Monero or zcash. Please read our terms before use.
People should have privacy. Governments should have transparency.