PornCoin

[ifeelthefuture]

A few weeks ago someone posted either here or on the PPC thread of bitcointalk about an idea of making PPCoin the currency of choice for porn sites. I didn’t really think much of it at the time but that idea has been rattling around in my head since then and I’ve come to believe it’s a brilliant idea for a few reasons:

1. Porn needs an anonymous currency- think of all the men in the world that don’t want their wives or girlfriends seeing porn sites on their credit card bill. Think of all the places in the world where regulations or card issuing banks prohibit porn purchases.

2. If there was even moderate adoption of PPC as a currency in the porn industry the market cap would quickly become larger than BTC. That sounds like a wild statement but think about it. The porn industry is huge. If every person that was willing to pay for porn even held 1 PPC the value would be astronomical. The global porn market is much larger than all the economic activity of enterprises currently accepting BTC (my own speculative claim- no data to support that).

3. If a few of the big players in the porn world decided to put PPC on their sites they would make an absolute killing- maybe more than from their porn businesses. If these guys bought up 10% of the outstanding coins for a few hundred thousand US they’d make a hundred million if PPC equaled BTC’s mkt cap. This is a grand slam and a sure thing if a few of the major players came together to do this.

4. PPC might blast off with porn usage but nothing would restrict it from being commonly used for anything else. People shouldn’t get hung up on the idea that PPC would somehow get branded as a porn currency or pigeon-holed into that industry.

So think about it. I would love to see comments from the person that originally came up with the idea as well. The more I think about it the more I think it is a great place to target for adoption. Am I wrong?

Note: I don’t have/can’t find the original post so apologies if these points were already made or if I somehow bastardized them. I just remember the main idea and none of the supporting arguments.

[Sentinelrv]

Keep in mind that the porn industry has chosen the victor in tecnology competitions several times, just think VHS vs Betamax, Blu-Ray vs HD DVD, etc… Maybe now Bitcoin vs Peercoin?

And that was LuckyBit at the BitcoinTalk thread. Here is the entire discussion about it for reference…

[quote=“Luckybit”]Where can you spend PPC? That is the problem. Where can you earn PPC? That is the problem.

So lets give people places to earn and spend PPC and you solve the problem. My suggestion is PPC should become the standard coin of pornography. People might not spend money on many things but porn is something people will always stock up on and never get enough of. Unlike the drug scene, porn is actually legal so why not set up bounties for people who start porn sites which exclusively run on PPC?

PPcoin should take it’s weakness and make it into it’s strength. It’s already perceived as the sort of porn coin so why not just take that entire market and monopolize that in the same way BTC and LTC took over the illegal drug market?

If each image and each movie on the porn site costs PPcoins suddenly people will be trying to buy PPCoins and if the site offers a way for people to buy these coins direct from the site then it will work.[/quote]

@irritant

hmm , if that would work would be positive, however I don’t think a currency should be tied to one type of product/service

@Luckybit

You have to start somewhere. How did BTC and LTC start? You have to find a niche for PPC or there is no reason for people to buy it. Porn is a good niche to start with. Besides people already think of porn when they think of PPC so it markets itself.

@irritant

it also comes with the risk that it could drive some interested people away (those who are interested in it because of the green/low electricity cost, they like it for the “clean” image, and suddenly now it is a dirty porn coin…)

@Luckybit

That assumption is assuming they aren’t the same people. You don’t porn stars and porn watchers don’t want cheaper electricity and clean air and water?

[quote=“kalon”]I’ll set up a site, titled and devoted to Golden Showers! The best part is that people can pay with their PPcoins

In actuality I agree with the detractors. Nothing is stopping someone from setting up a porn site but I don’t see any reason to encourage it for the purpose of promoting Peercoin.[/quote]

[quote=“Luckybit”]Money isn’t marketed by morals. Money is marketed by getting people to use it. I see enough sites and people using PPcoin and now I want to try it, even if the only people I see using it at first are porn stars and gambling sites.

Immoral people are more attracted to PPcoin than moral people because immoral people are more attracted to cryptocurrencies generally. Conservative church going folk aren’t going to be the early adopters in Bitcoin, Litecoin or PPcoin. So if it’s about marketing then you gotta get whomever you can to use the coin however you can just so long as it’s legal.

My suggestion is make a list like Devcoin has for all sorts of sites which need to be made based not on morals but based entirely on the amount of people that kind of site can attract to PPcoin. Porn sites attract people like flies attracted to shit.[/quote]

[ifeelthefuture]

Agreed- porn has chosen the winner many times. If the industry picked and promoted PPC I don’t think anyone could deny a massive increase in value and liquidity. The best thing about it for players in the porn industry is that they stand to massively profit from their choice. While past technology choices facilitated growth of the industry, the porn industry didn’t make any money directly from VHS or Blu-Ray. A little foresight and planning and they could both grow the industry and directly participate in the success of the currency.

[craslovell]

I can agree, this would mean a huge boost in market cap. Though as others have mentioned I think there are many other places I would like to see accept PPcoin before the porn industry gets involved.

Wait a minute, people do still pay for porn? :

[Sentinelrv]

[quote=“craslovell, post:4, topic:130”]I can agree, this would mean a huge boost in market cap. Though as others have mentioned I think there are many other places I would like to see accept PPcoin before the porn industry gets involved.

Wait a minute, people do still pay for porn? ::)[/quote]

Somebody has to keep this industry afloat, but yeah, there’s so much free stuff out there that I don’t see the point in anyone paying. It seems many people do though. I’d like to know what age group that is though, if it’s really mainly older people.

[ifeelthefuture]

[quote=“MeBeingAwesome”]One issue to consider is that the majority of people who actually pay for porn are older individuals. I don’t know many people (if any) in my mid-20’s age bracket who would actually pay for porn, when there is so much of it for free online.

As such, a major barrier to acquiring PPC in that scenario is that less technologically-savvy older people don’t know how to sign up for obscure online exchanges that require the purchase of BTC before converting to PPC. If porn sites begin to accept PPC, it of course would be a huge benefit for the market cap and liquidity of the currency, but PPC needs to be accepted on (at a minimum) Mt. Gox before that happens. Without an easy USD -> PPC exchange, most major corporate porn sites won’t bother with the hassle of dealing with customers emailing them asking how to get PPC.[/quote]

I agree there needs to be an easy way to buy PPC. I worry that Mt.Gox won’t happen. Even if it did, it’s not exactly easy to get money over there. I think the fact that Mt.Gox and Btc-e and others are two way exchanges (meaning you can also sell your cryptos for cash and withdraw) make it a higher hurdle than a site that would simply allow one to purchase. It’s a different business but if the goal is only to facilitate PPC purchases so they can be used immediately for porn and other purchases then the ability to buy coins from a customer isn’t needed. I think that might make things much easier as far as regulatory compliance goes. A site that only sells PPC probably isn’t going to be considered a business that facilitates money laundering especially if there are reasonable identification and verification requirements for depositors. Maybe it would be possible for a site like this to accept credit cards- something the exchanges don’t do- and facilitate quick purchases of coins.

For porn, I think it’s good if you can have an impulse purchase rather than have a 2-3 day wait for funds deposited.

I wouldn’t mind having a PPC seller show up on my credit card but I would have a problem with a porn business.

[ifeelthefuture]

[quote=“craslovell, post:4, topic:130”]I can agree, this would mean a huge boost in market cap. Though as others have mentioned I think there are many other places I would like to see accept PPcoin before the porn industry gets involved.

Wait a minute, people do still pay for porn? ::)[/quote]

There’s definitely lot’s of free porn out there but it’s still a huge business. All the people that like live chats/shows are paying for those with credit cards- that alone is a massive segment. As it stands now, I would never pay for porn with a credit card. If I could use a crypto I think I could probably find somewhere to spend some money.

If porn did adopt PPC I think the huge amount of new liquidity in the market would drive massive non-porn adoption quickly. I don’t think there’s any worry that PPC would always be affiliated with porn anymore than VHS or Blu-Ray are.

[ifeelthefuture]

Sentinel,

Btw, thanks for pointing our Luckybit as the author of that post. I pm’d him on bitcointalk.org and sent him a link to this thread.

[Luckybit]

[quote=“ifeelthefuture, post:1, topic:130”]A few weeks ago someone posted either here or on the PPC thread of bitcointalk about an idea of making PPCoin the currency of choice for porn sites. I didn’t really think much of it at the time but that idea has been rattling around in my head since then and I’ve come to believe it’s a brilliant idea for a few reasons:

1. Porn needs an anonymous currency- think of all the men in the world that don’t want their wives or girlfriends seeing porn sites on their credit card bill. Think of all the places in the world where regulations or card issuing banks prohibit porn purchases.

2. If there was even moderate adoption of PPC as a currency in the porn industry the market cap would quickly become larger than BTC. That sounds like a wild statement but think about it. The porn industry is huge. If every person that was willing to pay for porn even held 1 PPC the value would be astronomical. The global porn market is much larger than all the economic activity of enterprises currently accepting BTC (my own speculative claim- no data to support that).

3. If a few of the big players in the porn world decided to put PPC on their sites they would make an absolute killing- maybe more than from their porn businesses. If these guys bought up 10% of the outstanding coins for a few hundred thousand US they’d make a hundred million if PPC equaled BTC’s mkt cap. This is a grand slam and a sure thing if a few of the major players came together to do this.

4. PPC might blast off with porn usage but nothing would restrict it from being commonly used for anything else. People shouldn’t get hung up on the idea that PPC would somehow get branded as a porn currency or pigeon-holed into that industry.

So think about it. I would love to see comments from the person that originally came up with the idea as well. The more I think about it the more I think it is a great place to target for adoption. Am I wrong?

Note: I don’t have/can’t find the original post so apologies if these points were already made or if I somehow bastardized them. I just remember the main idea and none of the supporting arguments.[/quote]
It’s bigger than porn.

My idea goes a step farther than that. I was thinking of sites like Netflix where people pay a monthly subscription in PPcoin instead of with credit cards.

Here is the deal, at this point there are a lot of nerds with a lot of PPcoin. Computer nerds actually would use PPcoin that they mined to buy porn. I know because I considered it myself at some point and noticed that all the porn sites don’t accept alt-coins. For the miner it is essentially considered free to use these coins to purchase porn even if it costs in electricity. So what this would mean is the porn would be of professional quality, which is better for the industry and the viewer.

Also a lot of porn is specialty porn which is niche porn or fetish porn. These industries would take off overnight because I think people underestimate the fetish market. So yeah I do think 20 - 30 year olds do watch a lot of porn and don’t generally have a lot of money but in the case of cryptocurrencies now they would have a lot of money and so they’d be looking for something to spend it on.

Camsites make a lot of sense because this provides interaction between the star and fans. The personality of the star would attract non-traditional consumers, as the stars don’t have to be typical porn actresses but could be genuinely interesting women with personalities who people just like to watch. This means it does not even have to be porn in the long term but it could monetize all cam sites and eventually podcast type sites as well and do it better than Youtube.

Let’s say it’s 3 years from now and PPcoin has taken over the porn industry. Let’s also assume that the Youtube of PPcoin has established itself and instead of a business model around ads, it’s a business model around tickets where just like going to the movies you buy a ticket to see a stream of a film and the ticket costs PPcoin. This would change everything.

Now instead of just porn, every kind of video you see on Youtube today would be on PPTube and PPTube would only work if you have PPcoins. It would offer the best porn similar to how Netflix works. This porn would be legally licensed from the producers and the users of PPTube would create an account, subscribe to different channels of their favorite stars and join different groups for exactly the porn they want. PPTube wouldn’t just have the XXX section, it would also have podcasts, low budget amateur movies, documentaries, music videos, everything YouTube can do it would do.

Every video would cost a fee to watch, and this micropayment structure would allow for content to be paid for. Since most geeks will be able to mine or will have mined a significant amount of PPC, for the early adopters it would be just like Youtube with everything seemingly for free.

Expand it, imagine this creates an entirely new micropayment paid Tube industry powered by cryptocurrencies and you have my idea in a nutshell. Feel free to spread my idea and post it around so that perhaps it can be reconsidered by the PPcoin community.

Okay I will summarize and highlight my idea into these points

[b]1. PPTube should replace all Tubes and should eventually compete with YouTube by leveraging the unique features of cryptocurrencies and by turning the weakness of PPcoin into the strength providing PPcoin with it’s legal “Silk Road”.

2. Encourage all Tube based sites to transition from the ad based pay structure which was necessary during a time when micropayments were impossible into the micropayment based pay structure and subscription model. The best way to encourage this is to build the Tube and prove that it’s better for the consumers of the content who get higher quality, better for the producers of the content who can actually get paid again, and better for the hosts who can operate ad free and grow at a similar rate to how exchanges are growing or Silk Road merely by leveraging transaction fees. For early adopters who are mining PPC right now this would be really cheap, but eventually the value and price of PPC will rise and the content will reach its true market rate which is good for current PPC miners and holders.

3. Seek to create an alternative to Youtube which actually pays people to create content. Now if you podcast I can not just subscribe to your channel, but my subscription to your channel actually will pay you and my views will actually cost me PPC which will pay you. This means we don’t need advertisements or that model anymore. We could include ads but the ads would only be to keep the fees low and to improve profit for the hosts.

4. Finally the entire process of hosting a PPTube site should be made easy. Just like there are a million Tubes now offering free content with a similar business model, we’d have to make it very easy to start a PPTube site by treating PPTube like a business model. Put most of the effort into designing the perfect business model, then simplify the process of spreading and recreating that model so the model itself spreads through the Tube industry and this is how you would spread the use of cryptocurrencies. The first successful PPTube site would take over the porn industry. All they would have to do is combine the features of Fetlife with the video capabilities of Youtube some the chat capabilities. The fact that users are anonymous if they want to be (similar to how 4chan is designed), would make it a killer app for the same reason 4chan is a killer app.[/b]

So there you have it, that is my grand vision for PPC. If you like these ideas you can support me by donating.

PPC: PFvtH1GkjbykQLqX7aNbR496Nu5w5Trkhs

[calian]

So the first P in PPC stands for private now? Makes sense. Kind of how the availability of online porn opened a lot of people up to buying it who would never have gone to a shop in the red light district. Reddit already has GirlsGoneBitcoin which is an early move in this direction.

[ifeelthefuture]

Luckybit,

You have a big vision, that’s for sure but it seems to me that most of these things are only possible if PPC is accepted as a viable currency first. If that is the case then all of this is possible but I don’t think there’s anything intrinsic to PPC that enables these businesses to a greater extent than another currency.

The key that everyone is looking for is how to get PPC commonly accepted as a currency- how do we get that critical mass? I like your original porn idea for the reasons I stated above.

It’s important to note that the porn industry could conceivably choose any crypto and make it happen. They could make a mass movement towards BTC and further develop that currency. However, the key for them is that choosing PPC would allow them to make a killing in the currency itself while developing their existing market (more customers with more payment options). While they might choose a different Altcoin their long-term value in the currency is maximized by choosing the one that balances a number of factors: cost of the currency- how much can they make on their original investment, fundamentals- all the great things about PPC we know and love, liquidity- the ability for their customers to buy the coin, which admittedly is a challenge that needs to be solved.

[craslovell]

[quote=“Sentinelrv, post:5, topic:130”][quote=“craslovell, post:4, topic:130”]I can agree, this would mean a huge boost in market cap. Though as others have mentioned I think there are many other places I would like to see accept PPcoin before the porn industry gets involved.

Wait a minute, people do still pay for porn? ::)[/quote]

Somebody has to keep this industry afloat, but yeah, there’s so much free stuff out there that I don’t see the point in anyone paying. It seems many people do though. I’d like to know what age group that is though, if it’s really mainly older people.[/quote]

Indeed, the same people that are paying for porn are probably old enough to “not know what an internet is”

[craslovell]

[quote=“ifeelthefuture, post:7, topic:130”][quote=“craslovell, post:4, topic:130”]I can agree, this would mean a huge boost in market cap. Though as others have mentioned I think there are many other places I would like to see accept PPcoin before the porn industry gets involved.

Wait a minute, people do still pay for porn? ::)[/quote]

There’s definitely lot’s of free porn out there but it’s still a huge business. All the people that like live chats/shows are paying for those with credit cards- that alone is a massive segment. As it stands now, I would never pay for porn with a credit card. If I could use a crypto I think I could probably find somewhere to spend some money.

If porn did adopt PPC I think the huge amount of new liquidity in the market would drive massive non-porn adoption quickly. I don’t think there’s any worry that PPC would always be affiliated with porn anymore than VHS or Blu-Ray are.[/quote]

All great points made, I see where you’re coming from.

[Luckybit]

[quote=“ifeelthefuture, post:11, topic:130”]Luckybit,

You have a big vision, that’s for sure but it seems to me that most of these things are only possible if PPC is accepted as a viable currency first. If that is the case then all of this is possible but I don’t think there’s anything intrinsic to PPC that enables these businesses to a greater extent than another currency.

The key that everyone is looking for is how to get PPC commonly accepted as a currency- how do we get that critical mass? I like your original porn idea for the reasons I stated above.

It’s important to note that the porn industry could conceivably choose any crypto and make it happen. They could make a mass movement towards BTC and further develop that currency. However, the key for them is that choosing PPC would allow them to make a killing in the currency itself while developing their existing market (more customers with more payment options). While they might choose a different Altcoin their long-term value in the currency is maximized by choosing the one that balances a number of factors: cost of the currency- how much can they make on their original investment, fundamentals- all the great things about PPC we know and love, liquidity- the ability for their customers to buy the coin, which admittedly is a challenge that needs to be solved.[/quote]

I think you have it backwards. PPC will never be accepted until after people are using it. 4chan accepts Bitcoin. Reddit accepts Bitcoin. As we know there are some porn sites starting to accept Bitcoin. I also think it does not matter what the establishment porn industry adopts at this time when anyone can start a PPC exclusive Tube. I actually think it’s better that someone from the PPC community do it because PPC needs exclusive content to be worth something.

PPTube can be made by any of us and people will use PPcoins. If you try and wait for acceptance you’ll never get anywhere because nothing happens until people make stuff happen.

To make PPC a success you gotta build stuff with it. Start with the Tube sites. YouTube is already accepted by critical mass, I say you create PPTube and make it just as useful as YouTube and that is where you can start. Porn is fine, but not everyone wants porn videos, some people want cooking videos or music videos. Some want videos on topics like how to mine, and how ASIC works, and how cryptocurrencies work.

Cryptocurrencies don’t even build infrastructure for their primary demographic, computer nerds. Then we wonder why cryptocurrencies aren’t being used? When I wanted to learn about Bitcoin I couldn’t go to BTCTube or CryptoTube or PPTube, I had to go to YouTube. So basically you wont even provide me with entertainment, social media, multimedia, podcasts and video?

If you can’t even do that of course I’m not going to spend my PPC, or my BTC, because the only products you offer seems to be mining equipment and computer hardware and the only services you offer seems to be programmers and other dork services which are fine but these aren’t mainstream products and services, they don’t compete with YouTube, they don’t even compete with Pirate Bay.

And the strength of cryptocurrencies is that it can do what PirateBay does but do it legally and actually allow the artists, producers and developers to get paid rather than copyright infringement. The strength of cryptocurrencies, the one thing it can do that Paypal and credit cards can’t do, is micropayments. All a site operator has to do to win is adopt micropayments and YouTube will be unable to compete and so will the majority of the web.

You don’t need ad revenue anymore. We are free from relying on ad revenue now but no one but me seems to see it. The main flaw I see in your thinking pattern is you keep saying the porn industry this or acceptance that but the truth is PPC and BTC are here to disrupt old business models. This is an opportunity for any of us to become the new porn kings simply by coming up with a better business model, so my idea is we should discuss business models now and perfect that first then release the business model design under the creative commons and let anyone take that model and make a fortune.

The basis behind the model has to be micropayments. When I can see as much entertainment as I want and it’s all paid for with micropayments which are just cents on the dollar or even a fraction of a cent, now I’m actually paying for content in the same way ads would pay but because PPC is deflationary I’m not actually going to lose money paying like this like I would if it were dollars. Look at the failed attempt by Spotify to monetize content with micropayments to learn what not to do. I think PPC could be used to design a better Spotify type service which streams music and offers a subscription along with micropayments. The reason it would be better is because when it’s a deflationary cryptocurrency those micropayments add up and could eventually be worth something if artists hoard them for long enough. This isn’t the case if artists hoard pennies. So the point here is it’s all about business models and designs which actually implement PPC.

Create the business model and design first.
Then set up a bounty for anyone who implements it.
Then actually get the PPC stakeholders to use the service (this is the hardest part).
Then we track progress.

I think the easy way to do it is to simply go the ASICminer route and let the new porn business go public via the virtual stock exchanges(PPC needs it’s own virtual stock exchange because BTC and LTC have theirs), offer an IPO, we buy shares, and we as shareholders would be in a position to learn how the porn industry works, own a portion of PPTube, and collect a dividend.

The dividend would encourage us to promote the industry because our own profits would be linked to the success of PPTube. I think it’s a lot easier to convince people to watch a movie than it is to convince people that PPC or BTC will change the world. And I think people don’t really care if they use Netflix, YouTube or anything else. So yeah you can start with porn initially but there also has to be a grand vision and the business model should not be restricted to just porn.

[Luckybit]

[quote=“craslovell, post:12, topic:130”][quote=“Sentinelrv, post:5, topic:130”][quote=“craslovell, post:4, topic:130”]I can agree, this would mean a huge boost in market cap. Though as others have mentioned I think there are many other places I would like to see accept PPcoin before the porn industry gets involved.

Wait a minute, people do still pay for porn? ::)[/quote]

Somebody has to keep this industry afloat, but yeah, there’s so much free stuff out there that I don’t see the point in anyone paying. It seems many people do though. I’d like to know what age group that is though, if it’s really mainly older people.[/quote]

Indeed, the same people that are paying for porn are probably old enough to “not know what an internet is”[/quote]

It’s a matter of business models. People don’t want to pay for porn with a credit card. People who are young adults already watch porn on Tubes and pay for it with ads. Old people use credit cards because they have them and because they have the money. It’s the same dynamic we see with music purchasing where old people actually buy music but young people stream or download it for free.

The solution is to go with micropayments. Credit cards can’t do micropayments.
Also cryptocurrencies are anonymous, so young and old people both would like their privacy.
Cryptocurrencies also are better for the stars and for the quality of the content, meaning everyone would appreciate higher quality content and higher quality content does cost money.

The problem with the porn industry right now is it has not found the business model to allow it to transition into the digital age and maintain the profitability it had from the VHS era. Part of the solution is micropayments because that is a whole new profit category which isn’t being tapped by any industry right now and the only reason why is because until now there was no technical way to do it.

Now it’s technically possible to pay for the entire web with micropayments. This means better content for everyone if the business model were right and it also means complete privacy for consumers. My idea is to give PPC a niche in the porn industry but the grand vision is more to use the porn industry as a place to experiment with new business models to see what can and cannot work and let the PPC community track the success or failure. The best way would be if the PPC community built a virtual stock exchange like what the BTC and LTC community have done and let people buy shares and track the performance of different businesses as a shareholder.

[ifeelthefuture]

I think you’re putting the cart before the horse here. You can envision any business model you want but if the business has costs those costs have to be paid with an acceptable currency. You can’t buy servers or lease cloud time with PPC nor can you pay porn performers (I think the term artist might be stretching it a bit).

If you layer PPC into an existing business as an additional payment channel then liquidity overall improves as more customers and businesses possess the currency. With more people in possession more businesses accept it and more people use it to buy other things and then you have an expanding market and a virtuous circle.

I agree PPC or an Altcoin can facilitate micropayments and there is a value in that. But I don’t see people paying for porn or other content when they can get it for free.

I think the primary value of a crypto in the porn industry is its anonymity. If there was no negative stigma to having porn services all over a credit card statement I don’t think there would be an opportunity for PPC greater than that in any other industry. The negative stigma is the only reason people who don’t use cryptos would use a crypto over a credit card.

[Luckybit]

[quote=“ifeelthefuture, post:16, topic:130”]I think you’re putting the cart before the horse here. You can envision any business model you want but if the business has costs those costs have to be paid with an acceptable currency. You can’t buy servers or lease cloud time with PPC nor can you pay porn performers (I think the term artist might be stretching it a bit).

If you layer PPC into an existing business as an additional payment channel then liquidity overall improves as more customers and businesses possess the currency. With more people in possession more businesses accept it and more people use it to buy other things and then you have an expanding market and a virtuous circle.

I agree PPC or an Altcoin can facilitate micropayments and there is a value in that. But I don’t see people paying for porn or other content when they can get it for free.

I think the primary value of a crypto in the porn industry is its anonymity. If there was no negative stigma to having porn services all over a credit card statement I don’t think there would be an opportunity for PPC greater than that in any other industry. The negative stigma is the only reason people who don’t use cryptos would use a crypto over a credit card.[/quote]

So how much do you think it would cost to set up a Tube site which accepts PPcoin? You don’t see people paying for porn and other content when they can get it for free because you don’t care about quality. Quality isn’t free, low quality is free because there is no quality control. Amateur porn is free because you don’t have to care about quality, but some people will pay for quality because they can.

It’s the difference between a free show which may or may not be worth your time, or a show you pay for which is guaranteed to be worth your time. When your time is very valuable then you wont want to risk wasting time. Free stuff is good and it’s possible to live in a way which seems free, but ultimately nothing is actually free and a sacrifice is made for free stuff in the form of loss of control of the quality of the product.

People can get free food for example with food stamps. But food from food stamps is not the same quality as food from your favorite restaurant. Also you’re assuming everyone is so poor that they’ll be concerned about fractions of pennies but I don’t think that is how people are. I think once people actually have plenty of coin to spend they’ll spend it on the highest quality products just as with video cards, games, etc.

How much money have you lost to the exchanges in transaction fees? Do you even know exactly how much it is in USD that you lost? If you don’t know, then this is evidence that if the payments are small enough most people are too lazy to worry about it. Sure free is better, but when people have the money to get exactly what they want whenever they want or deal with free I think people will pay.

The same with movies, music and games. Do people still pay for pay-per-view? Yes. Do people still go to concerts? Yes. Do people still watch and pay for cable TV? Yes. If you look hard enough you can find all of that for free as well but people pay because of quality. When you deal with free then the rip of the music might be subpar and 128bitrate instead of 192khz 24bit flac or vinyl. If it’s movies then people might want to watch it in HD in high resolution and not the low resolution free pirated version.

Exclusive content means content you simply can’t find anywhere else. If the content is a live performance then you can’t pirate it. If it’s porn and it’s a live show then you have to pay for it because free is not an option anymore. If it’s a live sporting event then you have to pay for it because you can’t watch it for free. If it’s a documentary then the person developing it can say they wont release it until a certain amount of tickets are sold, which forces you to buy a ticket to pay for viewing it. On top of that the site itself could not let you access certain portions of the site without paying for access.

Micropayments would make it easy for instance to charge for memberships, to sell access to any part of any website. Suddenly we don’t have to rely on ads, we don’t have to rely on big businesses to fund us with venture capital. Suddenly any site we make can be funded by the community itself through supply and demand.

http://www.coindesk.com/freicoins-attempt-to-free-the-economy/

Have a look at that article and see where it is going. Tips will be everywhere. Micropayments will be everywhere. PPcoin is my favorite alt-coin at the moment and I would hope people take advantage of it’s strengths and stop trying to form business models which make sense for Paypal but which don’t make sense for cryptocurrencies. For cryptocurrencies micropayments are what makes sense, but if you think I’m wrong I welcome anyone to test it out and we can find out.

but if the business has costs those costs have to be paid with an acceptable currency. You can’t buy servers or lease cloud time with PPC nor can you pay porn performers (I think the term artist might be stretching it a bit).

And the only reason why we can’t is because no one wants to be the leader and be first to start doing it. It’s just like with ASICminer. There were no ASICs when they started offering shares and they invented the ASIC, became a $100 million dollar company, and they don’t even have a website. The point of cryptocurrencies is not to “get a job”, but to create jobs and this means starting businesses is the best thing you can do for PPC, Bitcoin or anything else. You have to build the cart yourself, because no one is going to build it for you.

If PPC does not have the spirit to build stuff, I’ll support LTC and Netcoin because in those communities they do have the spirit to build stuff. Businesses are being started. New business models are being tried. Even Freicoin is adopting colored coins and trying to put the cart before the horse. I believe that is the only way to gain an edge in a competitive gold rush environment.