Adult film star Brenna Sparks discusses transforming the sex industry with Bitcoin

Cryptocurrency Will Solve All of the Current Problems in the Adult Industry

This week news.Bitcoin.com spoke with the adult film star Brenna Sparks about how she’s been relentlessly promoting cryptocurrencies to her co-workers and peers throughout the sex industry. Sparks is a big believer in Bitcoin technology and thinks that someday in the future it will revolutionize the entire adult industry. Furthermore, Sparks is planning to film a few tutorials on how to use cryptocurrencies like Bitcoin, but with a catch — Brenna plans on filming the educational videos naked. We decided to chat with Brenna about cryptocurrencies so our readers can get an in-depth view of how digital currencies like Bitcoin could transform the sex industry from someone who has a close perspective on how these business models operate.


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Brenna Sparks (BS): Silkroad! I lived in a boring old town with nothing to do, and I wanted to get weed but didn’t know any dealers. I heard about Silkroad and was guided to using Bitcoin like that, spending hundreds of Bitcoins like it was nothing. Back then I bought my Bitcoins from Silkroad members, using Greendot Moneypaks. I literally gave them money and hoped that I could trust this criminal to give me the Bitcoins! Ahhh…good times. At least, I wasn’t Goxxed.

BC: You recently wrote a blog post about cryptocurrencies providing workers in the adult industry censorship resistance from payment processor discrimination. What prompted you to write that post?

BS: It’s something that isn’t talked about often. Most of the people in the industry don’t really discuss how we can make our industry more advanced and safer from a tech perspective. Everyone, just sort of deals with it and has an “if it ain’t totally broke, it doesn’t need fixing” perspective. Also, because of the taboo nature of the adult industry, many of the industry issues have a hard time getting heard by the rest of the world, so problems have been slowly piling up in the background over the years.

My belief is that I should alert the world of potential opportunities, because if the current people in the industry don’t want to build it further, someone else will. The crypto industry is full of visionaries, so I believe sharing these problems with the crypto community will gain attention from one of these visionaries who could actually make these changes happen, because it’s become obvious that no one in the adult industry will do it. As time goes on, I’ll grow to be more elaborate on the matter.

BC: What do you think about libertarian and free market views involved with cryptocurrencies?

BS: This question reminds me of a time a while back when I thought to myself, “What if I could choose where my tax money went to? What if I could see exactly where it all went and when?” A few years later, this started becoming a clear reality with cryptocurrencies. The technology that exists today can completely turn the government upside down, and that would be a good thing. Technology is the way of the future.

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Technology brings order, brings stability, brings growth, brings hope for a better future, not a government.

I believe cryptocurrency provides many of the things a libertarian wish they could have. It’s a medium that allows us, merchants of the world, to exchange in a modern and reliable way that is free from the government, built on protocols that are open to the public to view and contribute to. Cryptocurrencies are changing the way we interact at an increasingly massive scale. We can fund whatever we wish to fund, we can raise money in ways and speeds that were never possible, and for things that we, as individuals, want or need. It provides visionaries the ability to test the most ambitious ideas that no investor would ever be able to fund, which in my opinion translates to an increase in technological growth rate.

Finally, cryptocurrencies automate a giant list of tasks that we unnecessarily delegate to our government. In other words, the government is doing too many things that it doesn’t actually need to be doing. Humans may have various views on what is important to them, but we also share many as well. For example, a majority of human beings can agree that we need hospitals, we need proper health care, we need safe roadways and safe buildings.

Even if some disagree, it doesn’t matter, it’ll get funded because that’s something a majority mass will agree with, we don’t need a government to “guarantee” that. Just as well, we don’t need a government to tell us what is legal tender, we can do that ourselves.

We don’t need a government producing that legal tender either, computers do a far better job at producing an acceptable medium of exchange. Finally, we don’t need a government deciding what matters on our behalf. I believe a country of millions is much more capable of making decisions than a small handful of “elected” individuals. Governments of the past and present serve as a means to an end, that’s all. The future is in less governing, and eventually no governing or autonomous governing that corresponds to a successful self-governed society (or societies). This is not to say that we don’t need a government, but rather that we need a lot less of it.

Working at a Crypto-Friendly Establishment Felt Futuristic

BC: What are your favourite cryptocurrencies right now?

BS: Besides Bitcoin, I would say – SONM (SNM), Odyssey (OCN), Spankchain (SPANK), and Ark (ARK).

BC: How do you envision cryptocurrencies helping individuals in the adult industry in the future?

BS: I talk about this further below, but basically cryptocurrency will solve all of the current problems in the adult industry without creating major new problems in the process.

BC: You recently tweeted that you planned on giving cryptocurrency lessons naked. Do you still plan on giving these lessons?

BS: Yes, I’m in the process of filming it right now. At first, I thought about filming and releasing each video at a time, but I’ve decided to film multiple videos to ensure and schedule each release. My calendar is all over the place so I figured this is the best way to approach it.

BC: When you work at clubs like the Legends Room how many tips have you gotten in cryptocurrency, and can you tell our readers what it’s like working at a crypto-friendly establishment like that?

BS: I was tipped pretty often in cryptocurrency, mainly because the clients had crypto and wanted to actually use it.

Working at a crypto-friendly establishment felt futuristic, for lack of a better word. It really feels like you’re in a new world and it just feels right. When it came to using it, everything was straightforward and comfortable.

Cryptocurrency Takes the Best Parts of Cash and Debit Cards and Removes the Other Junk
BC: Do you still use the Bitcoin.com Wallet?

BS: As of this moment, no. Reason being is that most of my coins are in deep cold storage.

BC: Are there any other people you know that work in the adult film industry that also accept cryptocurrencies?

BS: Yep! There is a growing number of talent, both male and female, like Shelby Paris, Holly Hawkes, and Kyle Mason. I also have directors approaching me for help regarding crypto on set and on my social media. It’s growing quietly, but noticeable. I believe camgirls and individual content produces will be the ones that utilize it the most though, especially in the early stages. I can only see it becoming a standard in the adult industry once a large number of people have become familiar enough with it.

BC: Do you envision cryptocurrencies taking over the adult industry online in the future as far as payments are concerned for subscriptions, cam shows, pics, movies, and other services?

BS: I definitely think so. For one, cam sites already use a token system so it’ll be quite easy for camgirls to pick up on it. Escorts can perform a transaction safely and discretely, especially when using a privacy-oriented coin like Monero or Bitcoin Private. Production companies can skip using checks and performers can get paid same day. Production companies won’t need to pose under different company names to get around bank etiquette. Performers don’t need to explain where their legally obtained funds came from.

Individual content producers can easily set up a reliable payment method for their customers without running through a processor that will shut them down and take their money.

These are just common issues and aren’t even all that creative. This whole industry can be flipped around by cryptocurrency, for the betterment of it. Bottom line is, people love cash, but it’s becoming more and more inconvenient to carry it. If a company like Brazzers had to pay everyone on set using cash, it’d be a nightmare for whoever is responsible for distributing the money. Our evolving lifestyle is pushing us to move our cash into a bank account and turn it into digital money which we can then use with a debit card, but then that has its plethora of problems and limitations attached to it too, many of which severely impact the adult industry.

Cryptocurrency takes the best parts of cash and debit cards and removes the other junk. I think life has shown that humans are very flexible with what they consider is money and what isn’t. Cryptocurrency is just the natural step forward when it comes to using money in a modern society and I am convinced that that majority of us will adapt to it.

BC: Since you got into bitcoin do you have a lot of cryptocurrency followers now on social media?

BS: There has been a growing number of crypto followers on my twitter and it’s all been pretty gradual. One day I figured I’d start mentioning crypto in passing, which led to more and more engagement from the crypto community. Now I’m starting to think that the future of my social media will consist mostly of crypto fans, which I’m okay with!


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author Jamie Redman
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Pay With Litecoin (LTC): This Time It’s Porn

Looking for something else to pay with Litecoin (LTC)? Well, now you can add porn to the list.

Join in the fun and play on the world’s First Hybrid on-line Casino with BTC and Fiat currency payments. Check on-line for latest promotions.

VRPorn Accepts Litecoin

VRPorn, a site which proclaims to offer virtual reality porn (now, how would that work?), is reported to be accepting Litecoin (LTC) as a form of payment now.

Litecoin is accepted on the adult entertainment website through GoCoin, a cryptocurrency payment processor. Located on the premium subscriptions page, Litecoin is supposedly listed as a payment option along with Paypal and regular credit cards.

This is all ‘supposed’ and ‘reported’ because there has yet to be any official announcement by any of the affiliated parties. However, one intrepid Twitter user took the dive for the rest of us and screenshotted what appears to be confirmation of Litecoin on VRPorn.

https://twitter.com/gregzcrypto/status/1002218577540337665?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fcryptocurrencynews.com%2Fdaily-news%2Flitecoin-news%2Fpay-litecoin-ltc-time-porn%2F

Perhaps even more enticing is the cheeky little nod response from Charlie Lee himself.

So if you have some extra LTC kicking around, perhaps you can go pay with Litecoin over on VRPorn – whatever tickles your fancy, we won’t judge.

Litecoin (LTC) Price

Litecoin (LTC) is currently selling for $120.48, which puts the coin up 3.23% in the past 24 hours.

Source: CoinMarketCap

If this rise in Litecoin’s price is the porn deal working its magic, then its happy hour all around. Litecoin is on the road to returning to its price point of a week ago, which was $122.08 according to CoinMarketCap data.

Litecoin still has a ways to go before it recovers to its price point of a month ago, when LTC was selling for around $151.


Here at Dollar Destruction, we endeavor to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!
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Author: Samara Malkin
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The World’s Biggest Porn Site Now Accepts Cryptocurrency

The adult website Pornhub has of late taken pride in being something of a pioneer. A year ago, it implemented HTTPS encryption, making it safer for users to click without being snooped on. Last fall, it introduced a suite of accessibility features for its blind and visually impaired users. And Tuesday, it began accepting Verge, a privacy-focused cryptocurrency

Pornhub is not by any stretch the first adult site to accept cryptocurrency. Dozens already do, as do mainstream companies like Microsoft, Overstock, and Expedia. But the significance of the move lies less in the marriage of cryptocurrency and pornography than it does in the legitimization of cryptocurrency as tender generally. After all, Pornhub’s not just the largest site of its kind. It’s one of the largest sites on the web, period.

On the Verge

Accepting Verge does have specific value to Pornhub users, of course. Not everyone wants their credit card statement to have mature content on it, even pseudonymously. And while Verge cryptocurrency isn’t an infallible cloak of invisibility, it does incorporate more anonymity tools than traditional tender.

“It’s an anonymous additional form of payment,” says Pornhub vice-president Corey Price. “Offering privacy-focused payment options is something we have been looking to do for a while.”

Pornhub’s move is also notable because it chose to use Verge, a relatively unknown cryptocurrency, over cryptocurrency frontrunners like Bitcoin and Ether. It does, though, offer a few privacy-focused attributes that might make it particularly appealing to Pornhub clientele.

As for the specifics of how Verge offers that anonymity, it’s an open source project that leverages Tor, which hides your IP address by encrypting your traffic and bouncing it through a chain of computers around the world, and I2P, which differs in practice but offers the same broad strokes peer-to-peer routing. And using the so-called Wraith Protocol, Verge users can make either public or private blockchain transactions.

That last bit merits some unpacking, since that’s where the real privacy promises come into play. “Tor and I2P are great. The problem is if you’re using the public blockchain, you are leaving tracks that are completely traceable,” says Matthew Green, a cryptographer at Johns Hopkins University who is also affiliated with another privacy-focused cryptocurrency, Zcash. “Even if you connected through Tor, when you eventually cashed those coins in, people could track you.”

By putting some transactions on so-called stealth addresses, rather than the public blockchain, you can ostensibly cover your tracks. But you also expose yourself to some potential pitfalls.

“This may superficially hide the payment on the blockchain, e.g. you can donate to Wikipedia without being publicly seen on the blockchain to be donating to them,” says Emin Gün Sirer, a computer scientist at Cornell University who focuses on distributed systems. “But typically, what happens next is that the recipient groups transactions, either when organizing their wallet or when paying someone else, so the fact that you donated to Wikipedia becomes public anyway. Worse, there is nothing the sender can do to avoid this outcome.”

Green also notes that transactions on the private blockchain require a certain level of trust. “It could work well,” he says. “I guess you just wouldn’t know until something bad happened.”

Going Legit

Pornhub, along with several other major adult sites, is owned by a Luxembourg-based company called MindGeek; its sister sites Brazzers and Nutaku will accept Verge as well, with more to follow. But both they and their customers might want to brace themselves.

Other companies, after all, have been burned by cryptocurrency before. Microsoft bowed out of bitcoin briefly in January, but reversed course a few days later. Payments startup Stripe began accepting bitcoin in 2015, only to drop it earlier this year, citing extreme volatility. Both moves followed a huge spike and subsequent drop, a pattern all too familiar to bitcoin observers. In December, a single bitcoin was worth nearly $20,000. Today, it’s closer to $8,000.

“Bitcoin has evolved to become better-suited to being an asset than being a means of exchange,” wrote Stripe CEO Tom Karlo at the time, appending a host of reasons for its transactional decline: slow confirmation times, high fees, and that seemingly never-ending roller coaster of value.

Verge, too, has seen a roughly 40 percent swing over the last week. And earlier this month, a vulnerability in its code apparently allowed an attacker to mine as many as 15 million coins, worth about $780,000, in the course of about three hours. The patch the Verge team pushed in response also appears to have had issues of its own.

“Other privacy coins supported stealth addresses already, and any cryptocurrency can already be operated on top of Tor,” says Sirer. “So, overall, Verge never offered a unique set of features not offered elsewhere.”

“There are inherent risks associated,” says Pornhub’s Price. “Nonetheless, we are excited to take this next step to keep current with our community’s payment preferences and offer them this viable alternative.”

And if customers take Pornhub up on the offer, that could help cryptocurrencies in general go more mainstream. “Transactions with crypto are no big deal now,” says Campbell Harvey, an economist at Duke University who studies blockchain technology, citing the big-name retailers who accept bitcoin.

The next step after offering a cryptocurrency payments system, though, is getting people to actually pay in cryptocurrency. “Bitcoin has been accepted, but nobody uses it,” says Johns Hopkins’ Green.

Which is where Pornhub might be able to make the most impact, not because of its content, but because of its scale. It’s the 32nd biggest site on the web, according to Alexa site rankings, putting it just behind Netflix and Twitch. Its customers are likely more motivated than others to seek anonymity online. As long as they’re clear-eyed about the potential downsides of Verge and other cryptocurrencies, they could help the new payment systems in general find a place in transactions, rather than being just an asset to collect.

 


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Brian Barrett
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