We would like to introduce you all to bitcoin... Again...

[PunkInDrublic]

Re: We would like to introduce you all to bitcoin... Again..

Just as an fyi the per hour rate currently being offered by other start ups is $15-$20 an hour.

Really? What sites are offering this?

freewebcams.com

It was only available to girls who fit a certain physical criteria though, there was quite of bit of drama surrounding that.

Roger, I remember Imlive use to offer pornstars similar but had never heard of it being offered to anyone willing. Remember a dude here recently offering a buck an hour. What was the criteria that needed to be met?

 

[Gen]

Re: We would like to introduce you all to bitcoin... Again..

Just as an fyi the per hour rate currently being offered by other start ups is $15-$20 an hour.

Really? What sites are offering this?

freewebcams.com

It was only available to girls who fit a certain physical criteria though, there was quite of bit of drama surrounding that.

Roger, I remember Imlive use to offer pornstars similar but had never heard of it being offered to anyone willing. Remember a dude here recently offering a buck an hour. What was the criteria that needed to be met?

I'm pretty sure no BBWs & nobody over 28 years old.

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

I see bitcoins more like buying in stocks, i cant see it as a currency besides to buy illegal drugs on deepweb, i mean, i see the potential, but only as investment (buy low sell high)

What Lacie said is pretty true, some members cant even type, imagine teaching them how to bitcoin.

Actually I would say bitcoin is one of the worst payment options to use on the deepweb, it doesn't chargeback and is final, very easy to scam in that situation. Also local authorities are learning more and more about bitcoins, so they know how to follow transactions and reveal identities. In 2011 it was a great payment method for the deepweb because no authorities really understood it or how to deal with it. Now they have a better idea, we have actually have met people working in this space of bitcoin and they can pretty much id most transactions making it not that hard to find you. When you are conscious about it, then it can be anonymous but very few people can do that.

It is actually pretty easy to use, everyone who has a smartphone can use the camera to scan the QR code, it makes incredibly easy to send to a bitcoin address. That is even easier than typing in a credit number and looking for the security code.

To acquire it, we are talking to a few companies, but none of them were be that much harder than typing in your credit card information and sending the bitcoins from that site or sending it to your phone wallet, to use.

 

[Teagan]

Re: We would like to introduce you all to bitcoin... Again..

Just as an fyi the per hour rate currently being offered by other start ups is $15-$20 an hour.

Really? What sites are offering this?

freewebcams.com

It was only available to girls who fit a certain physical criteria though, there was quite of bit of drama surrounding that.

Roger, I remember Imlive use to offer pornstars similar but had never heard of it being offered to anyone willing. Remember a dude here recently offering a buck an hour. What was the criteria that needed to be met?

I'm pretty sure no BBWs & nobody over 28 years old.

Freewebcams was one site offering it. The other one did have an age restriction but was a completely different site. There are more out there though that do offer hourly pays. Im not about to mention them as i dont have anything to do with them and im not about to promote them.
Freewebcams criteria was was american and attractive and outgoing when in the room. If you didn't fit that bill they would deny you, or take away hourly pay. The girls who did fit it and worked said they liked it, the hourly, and were getting tips as well.
The other site was looking for the college girl look and maximum of 28 years old. Attractive and fit as well. This one got shit cause many girls who are over 28 look very much younger and they shot themselves in the foot with that while specifically saying no BBWs. You want a certain look for a site that's fine by me but you need more than anything girls who are gonna be there and interact.
Both however started out at $15 an hour and would go up if you really worked your ass off converting tippers, brought a paying crowd in, or were a porn star.
I remember when MFC used to try to get pornstars signed up and would offer a camscore boost to them. It never worked well though. And CB used to do features of pornstars and give them a boost and a set amount to work one shift for them. It did bring in traffic but not to anyone but the pornstar. And even then the girls would complain they werent making enough and rarely did more than one shift cause of that. Cheaper crowd there and they didnt like it.
But yeah the only way a girl is gonna switch sites and risk stuff is if she has some sort of guaranteed income from doing so. We have no incentive otherwise to switch sites for new ones.

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

Ok so we wanted to post our site's screenshots, any feedback is more than welcome.

1) This is our frontpage, it would show all models, we don't want to give away how they are shown, as that is by algorithm.

2) This is our viewer room, this what the clients would be seeing. We had to block out our bitcoin partnership to buy bitcoins. This is because we haven't officially signed the contract or announced it.

3) This is the broadcasting room.

4) This is the withdrawing for models. We again removed some parts due to not signed contracts and/or announcements.

5) This is the model's profile page, about me will support some type of markdown language (we haven't choose one that is easy to use yet) to be able to add links and color to text.

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

We are giving out $1 of bitcoins to every user that RT one of our tweets and follows us!

You can go here https://twitter.com/goseemybits, you will not need a wallet as we are using the changetip service, which will let you get access to your bitcoins by using your twitter account.

 

[xo_Maria_ox]

Re: We would like to introduce you all to bitcoin... Again..

Your lay-out looks like a typical cam site lay-out. I'm not sure if that's the point, but the fact that you work with bitcoins is refreshing in itself.

Bitcoins could be interesting for models at peaks, for regular members at lows. So I'm guessing a wise model will work her ass off at the lows

Good luck!

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

Your lay-out looks like a typical cam site lay-out. I'm not sure if that's the point, but the fact that you work with bitcoins is refreshing in itself.

Bitcoins could be interesting for models at peaks, for regular members at lows. So I'm guessing a wise model will work her ass off at the lows

Good luck!

Thank you, we are just making sure we didn't miss anything visually or anything to help the models as they cam.

It could be interesting, we hope to have some stats once the site gets up, of course from above we are taking into account that some people want to not have to deal with volatility in the short term.

 

[xo_Maria_ox]

Re: We would like to introduce you all to bitcoin... Again..

Your lay-out looks like a typical cam site lay-out. I'm not sure if that's the point, but the fact that you work with bitcoins is refreshing in itself.

Bitcoins could be interesting for models at peaks, for regular members at lows. So I'm guessing a wise model will work her ass off at the lows

Good luck!

Thank you, we are just making sure we didn't miss anything visually or anything to help the models as they cam.

It could be interesting, we hope to have some stats once the site gets up, of course from above we are taking into account that some people want to not have to deal with volatility in the short term.

It won't be a good idea to cam on your site right now if you need cash asap as the bitcoin's at a high rate at the moment. And indeed, seeing parts of your accountancy would be nice, e.g. for MFC: "You get 5 cents per token, members pay slightly less than twice that amount per token; you could earn $2,000 per month, but many models make over $10,000 per month." Just to give people an idea what to expect but indeed, if you have no idea what your traffic will look like, it's impossible to tell. Therefore the idea of models with regulars isn't such a bad idea; it's just that the bitcoin's at a high rate at this point and I have no idea if members will be willing to switch to such an expensive currency just for the sake of it.

But that's been said so many times, I guess you know the gist by now I'm curious as to whether you will be able to figure this out and get some traffic. Publicity is a good start so the $1 reward for a Twitter follow and a RT is a very good idea to start with. Don't keep that up, though, as I don't think offering cash is a very good idea on the long term. I'd rather see a website offer free stuff than free money, e.g. clothing brands that give away fancy dresses once in a while ("RT & follow to win this dress!"), give it about 4 days and tweet like six times a day about it. You will annoy all of your followers but the more RTs you get, the more publicity. (Yes, Chi Chi London, I'm talking about you, you annoy me. Lol.) So, again: don't keep this up

I'm thinking about what you could offer instead of free bitcoins, but it's really hard. What's the least offensive RT & follow competition to your models, your audience, and you yourself? Maybe have your models upload MFC profile video-like videos on their profiles and offer coupons for a free video (no matter the price)? Then you could purchase the video from the model and have it sent to the member? I don't know for sure how this works in HTML but it should be possible. Don't do this every day though, do it once a week or once every two weeks (possibly even once per month) or you'll ruin your reputation for sure.

Also have you looked into advertising through Tumblr? Tumblr is usually full of porn AND full of pervs might be worth a look into.

I've been lurking at this discussion for a while, it's too interesting to keep lurking again, good luck!

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

It won't be a good idea to cam on your site right now if you need cash asap as the bitcoin's at a high rate at the moment.

Actually that is false, if you need cash right now, we are the only site that would be able to do that instantly. Of course you would need to use our site as well as another service, but lets explore that situation. I need $500 right now and I know I need gas and food. You webcam on our site, you make the $750 worth of bitcoins (I am keeping it dollars for just so it is easy to follow). You then goto the withdraw page, and you get the bitcoin address of a service that will give you gift cards instantly with bitcoins (there are many services that do this so it wouldn't be hard) Now you move $100 for the gas station near your house, and $400 for supermarket close to you. These would be on your phone and now you can purchase those things. That a lot faster than waiting for the cam site to deposit the money into your bank account, waiting for it to clear, then spending it. We are currently the only webcam site that offer this type of withdraw. Of course we do have security protocols in place for larger amounts of money, those would take a us a whole business day, nothing due to bitcoin, just that we would be storing that in a very secure manner that takes time to move out of.

And indeed, seeing parts of your accountancy would be nice, e.g. for MFC: "You get 5 cents per token, members pay slightly less than twice that amount per token; you could earn $2,000 per month, but many models make over $10,000 per month." Just to give people an idea what to expect but indeed, if you have no idea what your traffic will look like, it's impossible to tell. Therefore the idea of models with regulars isn't such a bad idea; it's just that the bitcoin's at a high rate at this point and I have no idea if members will be willing to switch to such an expensive currency just for the sake of it.

All I can say is that our commissions will never go above 25% of anything you earn, that is lower than any cam site we have seen. As well as when we launch during that whole month we will have it even lower, we are still running some numbers as well as we don't really want to announce it yet.

Also the bitcoins are the tokens, we don't have credits that people would be purchasing, as you will see we just take the amount of bitcoins and display it in a way that would peg it close to what a token would be worth. This brings in another thing that we can't price gouge our token cost, if your fans find a good deal on bitcoins that is great. We are giving them options. We do plan to promote a bitcoin exchange that we think aligns with what we think would give the best experience to users.

You keep saying bitcoin is at a higher rate, but at the time of the transaction it is not going to change very much it takes a while for it to change it's value. We are also trying to address this as best we can, so models that decide to keep their balances with us longer can without fear of volatility. I wish I had better answers but again this is new currency and these are the things that take place. If you know it or not the dollar goes up and down, we just don't reflect that in our prices everyday, and it is only changing fractions of a cent a day.

We have an idea of what our traffic could be, we are not fly by night people. We do have to budget our servers, which comes from gauging our traffic.

This is great point which we think a lot of cam girls are thinking about as well. Lets say I want to send you a $1, of course you want dollars that is the ultimate currency you trust. I can send you $1 worth of apples right and that would still represent $1, but it would just make it harder to take those apples to convert to dollars. Think of bitcoin in that way, because that is the way we are using it. It is technically the store of value that makes it easier to send and ultimately you know there are many people that would agree that 0.002782 BTC would represent $1 making that convert not too difficult. Again we are pegging the way we display tokens in your room to what tokens on other sites would go for, which is about 10 cent a token.

But that's been said so many times, I guess you know the gist by now I'm curious as to whether you will be able to figure this out and get some traffic. Publicity is a good start so the $1 reward for a Twitter follow and a RT is a very good idea to start with. Don't keep that up, though, as I don't think offering cash is a very good idea on the long term. I'd rather see a website offer free stuff than free money, e.g. clothing brands that give away fancy dresses once in a while ("RT & follow to win this dress!"), give it about 4 days and tweet like six times a day about it. You will annoy all of your followers but the more RTs you get, the more publicity. (Yes, Chi Chi London, I'm talking about you, you annoy me. Lol.) So, again: don't keep this up

We are working on publicity we had some interviews with some publications. I even had coffee with a real pornstar, not something I was thinking I would ever do in my life. Plus I brought it with bitcoin she was very impressed and amazed. Also you will not see a lot of publicity due to the fact we have yet to launch a product, there's nothing for the users to come see and makes no sense.

We choose to do the free bitcoins because we want people like on this form to get to play with it and see the power for themselves. I can sit here and all day say tell you about the power but you need to experience it for yourself. It is kinda like a lesson, only when you experience it becomes real. I can tell you that there are 1.46 X 1048 bitcoin addresses that can be created. To you, that is a big number, but now what if I told you that number is more than every grain of sand that is on earth. Well now I gave you some context and you are thinking that is huge number. That number is more than all atoms in the universe now that is even bigger than you imagine. So by doing this you get to experience bitcoin, so frictionless and easy. No other people can send money over social networks without ever getting more information than a username.

But if you have ideas of some giveaways let me know, I am open to them! We also want to bring some value to the twitter stream we hope people we ask us bitcoin questions giving us the challenge to explain complex things in 140 characters that people will understand.

I'm thinking about what you could offer instead of free bitcoins, but it's really hard. What's the least offensive RT & follow competition to your models, your audience, and you yourself? Maybe have your models upload MFC profile video-like videos on their profiles and offer coupons for a free video (no matter the price)? Then you could purchase the video from the model and have it sent to the member? I don't know for sure how this works in HTML but it should be possible. Don't do this every day though, do it once a week or once every two weeks (possibly even once per month) or you'll ruin your reputation for sure.

Well there are sites that do pornographic videos for bitcoins, we could do that. Have a model upload a video there and we purchase it on behalf of a user?

Also have you looked into advertising through Tumblr? Tumblr is usually full of porn AND full of pervs might be worth a look into.

I've been lurking at this discussion for a while, it's too interesting to keep lurking again, good luck!

We will be looking into more advertising when we launch but we have some ideas.

Thank you! And don't lurk too much engage with us we don't bite! I promise plus we always learn new things from the people here!

 

[ramblin]

Re: We would like to introduce you all to bitcoin... Again..

I can tell you that there are 1.46 X 1048 bitcoin addresses that can be created. To you, that is a big number, but now what if I told you that number is more than every grain of sand that is on earth. Well now I gave you some context and you are thinking that is huge number. That number is more than all atoms in the universe now that is even bigger than you imagine. So by doing this you get to experience bitcoin, so frictionless and easy. No other people can send money over social networks without ever getting more information than a username.

Just thought I'd help you out with that (presumed) typo:

1.46 x 1048 = 1,530.08, which is a pretty small number. I mean it's a lot of apples, but not a lot of possible uses of a currency. You probably meant 1.46 x 10^48 or 1.46e48.
In truth there are 2^160 possible bitcoin addresses, which is 1,461,501,637,330,902,918,203,684,832,716,283,019,655,932,542,976. That's a pretty big number indeed.

Good luck with the project.

 

[xo_Maria_ox]

Re: We would like to introduce you all to bitcoin... Again..

It won't be a good idea to cam on your site right now if you need cash asap as the bitcoin's at a high rate at the moment.

Actually that is false, if you need cash right now, we are the only site that would be able to do that instantly. Of course you would need to use our site as well as another service, but lets explore that situation. I need $500 right now and I know I need gas and food. You webcam on our site, you make the $750 worth of bitcoins (I am keeping it dollars for just so it is easy to follow). You then goto the withdraw page, and you get the bitcoin address of a service that will give you gift cards instantly with bitcoins (there are many services that do this so it wouldn't be hard) Now you move $100 for the gas station near your house, and $400 for supermarket close to you. These would be on your phone and now you can purchase those things. That a lot faster than waiting for the cam site to deposit the money into your bank account, waiting for it to clear, then spending it. We are currently the only webcam site that offer this type of withdraw. Of course we do have security protocols in place for larger amounts of money, those would take a us a whole business day, nothing due to bitcoin, just that we would be storing that in a very secure manner that takes time to move out of.

What I'm trying to say is, customers may not be prepared to spend their expensive bitcoins on a cam girl. I hope they will, though. Everything you mention sounds really interesting for models, but I wonder what's in it for the regular members?

And indeed, seeing parts of your accountancy would be nice, e.g. for MFC: "You get 5 cents per token, members pay slightly less than twice that amount per token; you could earn $2,000 per month, but many models make over $10,000 per month." Just to give people an idea what to expect but indeed, if you have no idea what your traffic will look like, it's impossible to tell. Therefore the idea of models with regulars isn't such a bad idea; it's just that the bitcoin's at a high rate at this point and I have no idea if members will be willing to switch to such an expensive currency just for the sake of it.

All I can say is that our commissions will never go above 25% of anything you earn, that is lower than any cam site we have seen. As well as when we launch during that whole month we will have it even lower, we are still running some numbers as well as we don't really want to announce it yet.

Sounds awesome

Also the bitcoins are the tokens, we don't have credits that people would be purchasing, as you will see we just take the amount of bitcoins and display it in a way that would peg it close to what a token would be worth. This brings in another thing that we can't price gouge our token cost, if your fans find a good deal on bitcoins that is great. We are giving them options. We do plan to promote a bitcoin exchange that we think aligns with what we think would give the best experience to users.

You keep saying bitcoin is at a higher rate, but at the time of the transaction it is not going to change very much it takes a while for it to change it's value. We are also trying to address this as best we can, so models that decide to keep their balances with us longer can without fear of volatility. I wish I had better answers but again this is new currency and these are the things that take place. If you know it or not the dollar goes up and down, we just don't reflect that in our prices everyday, and it is only changing fractions of a cent a day.

I have no idea what it started as, but according to my boyfriend its value has soared. Is it because the market has evolved to more payments with bitcoins, increasing its demand? In that case I am wrong, but what if it's just coincidence? In that case, people may be waiting for the value to drop again. That's what I'm trying to say.

We have an idea of what our traffic could be, we are not fly by night people. We do have to budget our servers, which comes from gauging our traffic.

Awesome

This is great point which we think a lot of cam girls are thinking about as well. Lets say I want to send you a $1, of course you want dollars that is the ultimate currency you trust. I can send you $1 worth of apples right and that would still represent $1, but it would just make it harder to take those apples to convert to dollars. Think of bitcoin in that way, because that is the way we are using it. It is technically the store of value that makes it easier to send and ultimately you know there are many people that would agree that 0.002782 BTC would represent $1 making that convert not too difficult. Again we are pegging the way we display tokens in your room to what tokens on other sites would go for, which is about 10 cent a token.

Make sure you display the model's commission on your website, anyway, so (s)he knows what to charge.

But that's been said so many times, I guess you know the gist by now I'm curious as to whether you will be able to figure this out and get some traffic. Publicity is a good start so the $1 reward for a Twitter follow and a RT is a very good idea to start with. Don't keep that up, though, as I don't think offering cash is a very good idea on the long term. I'd rather see a website offer free stuff than free money, e.g. clothing brands that give away fancy dresses once in a while ("RT & follow to win this dress!"), give it about 4 days and tweet like six times a day about it. You will annoy all of your followers but the more RTs you get, the more publicity. (Yes, Chi Chi London, I'm talking about you, you annoy me. Lol.) So, again: don't keep this up

We are working on publicity we had some interviews with some publications. I even had coffee with a real pornstar, not something I was thinking I would ever do in my life. Plus I brought it with bitcoin she was very impressed and amazed. Also you will not see a lot of publicity due to the fact we have yet to launch a product, there's nothing for the users to come see and makes no sense.

We choose to do the free bitcoins because we want people like on this form to get to play with it and see the power for themselves. I can sit here and all day say tell you about the power but you need to experience it for yourself. It is kinda like a lesson, only when you experience it becomes real. I can tell you that there are 1.46 X 1048 bitcoin addresses that can be created. To you, that is a big number, but now what if I told you that number is more than every grain of sand that is on earth. Well now I gave you some context and you are thinking that is huge number. That number is more than all atoms in the universe now that is even bigger than you imagine. So by doing this you get to experience bitcoin, so frictionless and easy. No other people can send money over social networks without ever getting more information than a username.

But if you have ideas of some giveaways let me know, I am open to them! We also want to bring some value to the twitter stream we hope people we ask us bitcoin questions giving us the challenge to explain complex things in 140 characters that people will understand.

You're right, it is pretty anonymous. Good luck anyways

I'm thinking about what you could offer instead of free bitcoins, but it's really hard. What's the least offensive RT & follow competition to your models, your audience, and you yourself? Maybe have your models upload MFC profile video-like videos on their profiles and offer coupons for a free video (no matter the price)? Then you could purchase the video from the model and have it sent to the member? I don't know for sure how this works in HTML but it should be possible. Don't do this every day though, do it once a week or once every two weeks (possibly even once per month) or you'll ruin your reputation for sure.

Well there are sites that do pornographic videos for bitcoins, we could do that. Have a model upload a video there and we purchase it on behalf of a user?

One thing, though: don't do promos that will lead customers to a different website than yours because you can't provide the service you promoted. That's a terrible promotion idea.

Also have you looked into advertising through Tumblr? Tumblr is usually full of porn AND full of pervs might be worth a look into.

I've been lurking at this discussion for a while, it's too interesting to keep lurking again, good luck!

We will be looking into more advertising when we launch but we have some ideas.

Good I really hope this works out for you

Thank you! And don't lurk too much engage with us we don't bite! I promise plus we always learn new things from the people here!

I noticed. Good attitude!

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

What I'm trying to say is, customers may not be prepared to spend their expensive bitcoins on a cam girl. I hope they will, though. Everything you mention sounds really interesting for models, but I wonder what's in it for the regular members?

I think they will, that is myth that bitcoiners horde, more than spend. If that was true, the price would be a lot more. Also a lot of sites that you can buy them from now are quicker, back in the early days it took a lot longer to get them. So they can be easily replaced if they want too.

For regular members, this offers frictionless use, privacy and it is just a lot more secure than credit cards. Plus if you think about it, our system using bitcoin as the token system so if a user buys too much bitcoin he can use it on any other site, it isn't like he brought tokens on another cam site and they can only be used on that site.

Make sure you display the model's commission on your website, anyway, so (s)he knows what to charge.

Of course the commission will be listed for each models we didn't show that in the screenshots due to the fact we haven't really announced it.

One thing, though: don't do promos that will lead customers to a different website than yours because you can't provide the service you promoted. That's a terrible promotion idea.

We were thinking a cross promotion or something like that. Don't worry we have done promotion before, we know what will help us and not.

I noticed. Good attitude!

Thank you!

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

https://twitter.com/goseemybits/status/ ... 7208068096

If you think bitcoins are still way too hard to use, we just sent some bitcoins to a guy we have no idea who he is, or any information on him. And he collected the $1 very easily!

We still have our promo going! Go retweet this tweet https://twitter.com/goseemybits/status/ ... 3528919041 and follow us @goseemybits.

That easy!

 

[tubecamgirl]

Re: We would like to introduce you all to bitcoin... Again..

Hi,
I am the director of some cam sites (chatgf.com , tubecamgirl.com ) since 2010, and before (2005-2009) I was director of bigger cam site I can't name here now. Except for cams, I've accepted online payments since 1998.
I follow bitcoin since 2011, in fact we accept bitcoin in our cam sites (also litecoin, dogecoin).

Let's assume you setup perfect technically and visually cam site, functional, I seen screenshots and looks ok

Now, GoSeeMyBits (and GemmaMoore) got lots of enthusiasm for bitcoin, which I partly share, and I he seriously tries to learn the webcam business.
The OP said theyu don't want to accept credit cards or they are like others, and that no bitcoin-only cam sites existed yet.
However, some bitcoin-only cam sites already was launched, like titsforbitcoin.com and a few others (use google). No one of these sites had success, some have domain shut down already.
About normal cam sites, Chaturbate added bitcoin, then removed, an hint it was not worth to keep. There was discussion about it between adult site owners, all agreed it adds no more than 0.001% of sales today to adult sites. Different is if you sell drugs, go in tor browser on some shops, but it is another story.

When we added BTC to tubecamgirl.com , I wrote in bitcoin forums, where guys sure had bitcoins, thousands of views and several replies, but it ended up in couple of $20 sales, that's all. And our existing customers continued to use credit cards, do not switched to bitcoin at all.
I talk with a few other site bosses and I can tell no one seen more than 0.01% extra sales by adding bitcoin support, currently... is more a "press release" advantage to announce you support bitcoin, people talk about your site (free advertising), then people come andbuy with normal cards, not coins...
I think most bitcoin users are under 25, and I know most cam site spenders are over 30, in fact most whale (big spenders) are 40-50 years old, less likely to adapt to bitcoin or news in general.

About paying the models 75% (max 25% commission), this is not so relevant, to get more models, in fact bank/card costs or frauds are not so relevant in cam business (5% - 10%).

If you offer 75% to models who would bring (steal out) own fans from big site (like myfreecams), the 75% is not enough since most sites offer 80%+ as model+affiliate commission, for example we offer 82% (+ $50 one time at guy signup) to models who bring us customers to chatgf.com , is good still lots of customers do not like to move site even if cheaper rate (used to old habits, paranoids etc.) - imagine move to a bitcoin only site as customers moved would not have bitcoin but use cc's...
Also models wants to be paid not in bitocin, so existing cam sites offering 80% with dollar transactions and payouts would be anyway preferable to 75% "only" and bitcoin/bitcoin. About steal out guys, models also may bring these into skype shows, bypassing the whole world of middlemens, so I would not base a business on models bringing out guys from sites, as may bring out from your site as many as they bring in

Regarding offering 75% for sales over guys you (as site) have already, that would be interesting - winner formula to get all the models in this forum - if you had such customers... but how much it costs to you to get customers?
I can help you: in adult forum's threads (go read some), it is general consensus that to launch a new cam site you need $1 million in advertising for first few months. I know the advertising budgets of a few cam sites and I confirm. There is no "growth hacker" marketing tricks to grow traffic for free, cam market is super saturated by a few big companies who take it all.

More about the % paid to models being not important as the total $$ made per period (whatever the % of what): most models are on Streamate (GemmaMoore too) which pays only 35% to USA models and 30% for eastern models (30%!), and same models boycott several sites paying 60%+.
Why? Better 35% of $100 ($35) than 70% of $10 ($7); in other words, the bitcoin guy is forgetting that the advertising costs (to buy "traffic" = customers) is where most of the "feeS" money goes. This is not bank fees or server bandwidth, it is plain advertising (direct buy or affiliates who may get 25%+).
Most cam sites earn 15% only as profit (despite badly informed customers and models say "they keep 50%"), where the split is: 15% profit, 15% bank + servers fees, rest 60% split between models and advertising.. there, if you 0% advertising 60% models you have no customers and site collapses. It is easy to see sites with traffic give max 50% and often 40%, this is the same if you use bitcoin instead of credit cards, and I do know what bitcoin is and does...
There the bitcoin does not help the webcam site equation much, even let us be already in 2020 or 2030 when bitcoin is popular to the masses... the cam girls want sales which come from pay users which you are getting (buying) where and how, if you pay 75% out to models?

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

We get we have a very hard road to travel, we didn't pick this venture to make a quick buck and we can't predict the future, we could certainly be pushed out of the space and fail. It would not be my first failure for sure. I want to address all your feedback but I really want to stress, that bitcoin as we are planning to use it has not been done in this fashion.

We are using it as the actual token system, this means we can do some crazy things later down the road. If we could get to half of the scale of some the larger webcam sites, we would blow mines and disrupt the webcamming industry. If you want to sign an NDA and a non-compete clause in the space of bitcoin webcam platforms I would gladly have a call with you cause I think what we have is just one phase of many.

Ok now on to some of your points, and thank you for taking the time to write this all out. I know as a competitor that means alot. So thank you.

Now, GoSeeMyBits (and GemmaMoore) got lots of enthusiasm for bitcoin, which I partly share, and I he seriously tries to learn the webcam business.
The OP said theyu don't want to accept credit cards or they are like others, and that no bitcoin-only cam sites existed yet.
However, some bitcoin-only cam sites already was launched, like titsforbitcoin.com and a few others (use google). No one of these sites had success, some have domain shut down already.
About normal cam sites, Chaturbate added bitcoin, then removed, an hint it was not worth to keep. There was discussion about it between adult site owners, all agreed it adds no more than 0.001% of sales today to adult sites. Different is if you sell drugs, go in tor browser on some shops, but it is another story.

We agree bitcoin is a very small percentage and we want to hustle to grow that percentage. Just adding bitcoins is not going to benefit anyone in the adult space, they really need to learn how to utilize it and build on top of it. We just by sending $1 worth of bitcoins have converted a couple of webcam girls that previously didn't see the value in bitcoin. So that proves that we can grow that and hopefully as more people decide to use it, it will show others that the market is there.

I agree those are bitcoin cam sites, what I meant and I touched on it in the beginning is that none have used it as the token system. We don't want to sell tokens, that is not our focus or business model.

I believe there's a lot of work to get adoption in the adult industry with bitcoins, but that is part of the hustle. Every bitcoin startup I have been apart of, we had to hustle and get people to adopt and use it, I think right now if people are going to add it and not really do any hard work, then it will not be worth anything to them.

Also I would never use bitcoin to sell drugs it is a myth that it is that anonymous, it was just so new that the law didn't know how to handle it, now they have bitcoin experts working with them. For about $2,000 I can tell you where every bitcoin transaction originated.

Bitcoin is amazing at privacy which is different. An example would be, if our site got hacked tomorrow, the hackers would get basically no information from our site. Privacy is a big deal in the camming world, because if someone hacked another site, the information they have would be enough to blackmail them. So right there we are showing a huge benefit of our site, in just using bitcoins.

I think most bitcoin users are under 25, and I know most cam site spenders are over 30, in fact most whale (big spenders) are 40-50 years old, less likely to adapt to bitcoin or news in general.

I don't want to talk demographics because if a model said she was accepting X currency I am sure these people would switch to it, if they want to see her.

About paying the models 75% (max 25% commission), this is not so relevant, to get more models, in fact bank/card costs or frauds are not so relevant in cam business (5% - 10%).

Ok so if they aren't relevant why don't you do instant withdraws? Our site would be the only site a model can get on, and withdraw right after her show ended. We would never have a single chargeback.

If you offer 75% to models who would bring (steal out) own fans from big site (like myfreecams), the 75% is not enough since most sites offer 80%+ as model+affiliate commission, for example we offer 82% (+ $50 one time at guy signup) to models who bring us customers to chatgf.com , is good still lots of customers do not like to move site even if cheaper rate (used to old habits, paranoids etc.) - imagine move to a bitcoin only site as customers moved would not have bitcoin but use cc's...
Also models wants to be paid not in bitocin, so existing cam sites offering 80% with dollar transactions and payouts would be anyway preferable to 75% "only" and bitcoin/bitcoin. About steal out guys, models also may bring these into skype shows, bypassing the whole world of middlemens, so I would not base a business on models bringing out guys from sites, as may bring out from your site as many as they bring in

You are talking about two different things, you are talking about payments and trust. We don't want to disclose our launch commission, but if we wanted to we could scale our business to extremely low commissions and still make healthy profits. I don't want to talk to much but we will have comparable rates. We have already been talking to a lot of models and even a pornstar, about rates and we feel we can give them exactly what they are asking.

Now you were talking about trust, well if you accept bitcoin or credit cards you still have to build up trust. I have done this with every company I have ever started. It is normal way of life. So I don't understand the trust thing with only bitcoins?

We have written into our TOS that using the platform to take people to skype/other private platforms is prohibited. I don't want to disclose any technology we are using in preventing that, but in testing we have had a 95% success rate in detecting and stopping it.

Regarding offering 75% for sales over guys you (as site) have already, that would be interesting - winner formula to get all the models in this forum - if you had such customers... but how much it costs to you to get customers?
I can help you: in adult forum's threads (go read some), it is general consensus that to launch a new cam site you need $1 million in advertising for first few months. I know the advertising budgets of a few cam sites and I confirm. There is no "growth hacker" marketing tricks to grow traffic for free, cam market is super saturated by a few big companies who take it all.

We actually have predict our customer acquisitions, and it is not as high as we thought it would be, but it is probably higher than yours, we are venturing into a new market and we have venturing into a new way of doing things.

I really have to respectfully disagree that you need $1 million in advertising to be successful and that their is no growth hacking. I love when operators in the space say these types of things, it basically because they have gotten so stagnant in their ways that they believe no innovation can hurt them. This means that the market is prime for radical ideas and new ways of doing things.

More about the % paid to models being not important as the total $$ made per period (whatever the % of what): most models are on Streamate (GemmaMoore too) which pays only 35% to USA models and 30% for eastern models (30%!), and same models boycott several sites paying 60%+.
Why? Better 35% of $100 ($35) than 70% of $10 ($7); in other words, the bitcoin guy is forgetting that the advertising costs (to buy "traffic" = customers) is where most of the "feeS" money goes. This is not bank fees or server bandwidth, it is plain advertising (direct buy or affiliates who may get 25%+).
Most cam sites earn 15% only as profit (despite badly informed customers and models say "they keep 50%"), where the split is: 15% profit, 15% bank + servers fees, rest 60% split between models and advertising.. there, if you 0% advertising 60% models you have no customers and site collapses. It is easy to see sites with traffic give max 50% and often 40%, this is the same if you use bitcoin instead of credit cards, and I do know what bitcoin is and does...
There the bitcoin does not help the webcam site equation much, even let us be already in 2020 or 2030 when bitcoin is popular to the masses... the cam girls want sales which come from pay users which you are getting (buying) where and how, if you pay 75% out to models?

I can't answer too much of this because then I would giving out trade secrets of our site.






I will leave you with this nugget of information and maybe where our direction as a company is headed. We don't expect to be number one and we don't expect to be in the top 5. I do believe by taking a smaller approach, educating models/users on benefits of bitcoin, and just focusing building out a good community based we could be in the lower end of top 15 sites in a year.

I do believe that what we see as the future of webcamming is going to be the reality, even if we don't build it someone else will, but we can see no company now has a clue and that is when innovation will take place. Making new platforms the biggest ones, that is the only way.

I really do appreciate your post here and very nice to meet you and who knows maybe in the future we can work together, I am always open to those things! Thank you for taking the time to post a very detail post!

 

[tubecamgirl]

Re: We would like to introduce you all to bitcoin... Again..

If you want to sign an NDA and a non-compete clause in the space of bitcoin webcam platforms I would gladly have a call. [...] thank you for taking the time to write this all out. I know as a competitor that means alot. So thank you.

I am happy to share info here, but unlikely I can cooperate more strictly since we accept bitcoin already, and could easily implement direct bitcoin tip and payout if we wished (we didn't made this yet on purpose, is too early). My background it is art and scence, not sales, this is why I give away too much information to competitors at times, compared to standards. You will never see any other cam site directors writing anything anywhere, take a look in forums, they're as secretive as the illuminati masonry. Really, I am also a developer, I can read and edit the C++ source code of bitcoin for example, so I can not resist replying to this detailed thread in particular

I do believe by taking a smaller approach, educating models/users on benefits of bitcoin, and just focusing building out a good community based we could be in the lower end of top 15 sites in a year.

Small it is too small, you need to reach a critical mass. Thousand models and 20,000 users. Except this knowledge sharing attitude of mine, I feel safe enough to give out inside information because, despite I gave this info to many people across the years (we do pay taxes, legal company, so nothing to hide in particular), still all their new cam site ventures failed. No matter all the true information was on their availability. I would even fail myself if starting a new cam sites without the needed resources, no matter I done this job (for others) since ten years. You know how facebooks works, still if you launch a better facebook with bitcoin or whatever, you fail, is this common sense? To keep up a web cam site there is a critical mass factor (common to most social sites, see: facebook) to reach fast enough, and keep, which simply or you have, or you have not. How good is your site (good idea, perfect technical implementation, fair rates) does not gives value, unless it is crowded of users. Users give value, even a very bad site with bad tech, crashing, unfair rates and unsupportive admins, will prosperate if got users. Sad but true.

Ok so if they aren't relevant why don't you do instant withdraws? Our site would be the only site a model can get on, and withdraw right after her show ended. We would never have a single chargeback.

Instant withdrawal can't be done with cards and banks, that's true, there's 1-2 weeks or more of delay, however this delay it is not so relevant to models, what it matters it is how much money she gets, total, every month, better $500 after 2 weeks than $5 after an hour. The Chargeback factor, this is stressed a lot by the models if you read forums or ask them, but really, it is happening rarely. So rarely, that some sites do not pass-on the chargeback fees to the models at all (is myfreecams chargebacking?). In our case, we cover the first $250 chargebacked per model per pay period of 2 weeks. With this warranty level, I don't remember having chargebacked to a model this whole year, perhaps once, and we processed lots of zero figures numbers since.

We have written into our TOS that using the platform to take people to skype/other private platforms is prohibited. I don't want to disclose any technology we are using in preventing that, but in testing we have had a 95% success rate in detecting and stopping it.

Except check the chat text for "skype" or so words, remember we seen models drawing her skype or email to a piece of paper and shown at screen briefly, so no chat logs are left. Also what if the model does not pass her contact to customer, but is the customer who pass his to model, the model replies in chat "no sorry I can't contact you" to make your cam site admin happy, but really, she contacts him, instructing him not to tell this while in cam? Finally, models pick unique nicknames in your site, then create twitters and blogs with the same nickname, so simply the fan can google her and find her and you have no record in text or video of any proof they ever exchanged anything outside your site. The list it can continue.
Simply after years of nazi controls, we decide we do not care what the models talk about including exchange emails, we even stopped to read text chats as this save us time. Models and customers do what they wish anyway, somde model brings customers to our site, and some models bring these out, that's a balance.

I love when operators in the space say these types of things, it basically because they have gotten so stagnant in their ways that they believe no innovation can hurt them. This means that the market is prime for radical ideas and new ways of doing things.
I do believe that what we see as the future of webcamming is going to be the reality, even if we don't build it someone else will, but we can see no company now has a clue and that is when innovation will take place.

Someone else can build this quickly after you moved first, years before. Cam sites are companies not only with funds, but with employees, often new and young ones who are very smart and up to date. We hired new young people a year ago and we're small, barely in top 10. The german cam leader visit-x had one of his employees quit the company because visit-x would not embrace bitcoin as he envisioned - then he started a cam site on his own that shows the visit-x models, but bills bitcoin - I don't think he is doing that well, and anyway he uses cam streams from a big cam site so it is not a really independent site.
What I mean it is that, the big cam sites can implement bitcoin sites your way in matter of weeks the moment they will see a successful bitcoin cam site, or anything successful in cam scope. At one point myfreecams introduced the "for token tips" free model, and since this moved thousands of users and models in matter of months, all the other cam sites implemented it, us included. Be sure the cam sites are there keeping eye on all the new things, including bitcoin, and not implementing until they see $$ volume going. If they do nto implemented what you say, it is because they think it is too early, even if some of the enployees are enthusiastic (see visit-x employee who even quit company due to that). Let you start something that makes money and move users/models in masses, you'll be copied in few weeks by existing cam sites (me included, sorry).

I really do appreciate your post here and very nice to meet you and who knows maybe in the future we can work together, I am always open to those things!

There is not much of a cooperation between cam sites, each does on its own. Despite mostly it is the same models (and often members) online in most sites - see splitcamming. You also seem to want to do all on your own - this can be brutal as a start. If you have not enough models online and send there customers, these think the site is empty and never are back, you trash your leads. At the same time, if you put online a few models and these see no one member coming, they say site got no traffic and tell every gf not to register such a dead site. Did you know that chaturbate when it started in 2011, had nearly no own cam girls, and for months shown cam streams from other cam company? Only later got enough own models, so removed the partner company's chatrooms. This was actually smart - we also launched a second site using models of first one, and first site you guess I filled in few days given I directed a big cam site right before. Starting really from zero it looks to me quite scary, I mean I would not do myself, no matter I sure know how to start and run a cam site.

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

Small it is too small, you need to reach a critical mass. Thousand models and 20,000 users. Except this knowledge sharing attitude of mine, I feel safe enough to give out inside information because, despite I gave this info to many people across the years (we do pay taxes, legal company, so nothing to hide in particular), still all their new cam site ventures failed. No matter all the true information was on their availability. I would even fail myself if starting a new cam sites without the needed resources, no matter I done this job (for others) since ten years. You know how facebooks works, still if you launch a better facebook with bitcoin or whatever, you fail, is this common sense? To keep up a web cam site there is a critical mass factor (common to most social sites, see: facebook) to reach fast enough, and keep, which simply or you have, or you have not. How good is your site (good idea, perfect technical implementation, fair rates) does not gives value, unless it is crowded of users. Users give value, even a very bad site with bad tech, crashing, unfair rates and unsupportive admins, will prosperate if got users. Sad but true.

Yes our predictions are around those numbers, we don't see that as critical mass due to the fact some sites have 50,000+ models and millions of uniques, we are aiming way below that obviously.

We know that users give value to the site, but we have a good plan to get it users to the site, we already have a few really great models that believe in the site and want us to succeed. I think that is what makes our site different than any other site.

Also we want to point out, that we are not just crowbarring bitcoin into sites and saying here is a site and it is great because it has bitcoin. We have ideas that can only be executed with bitcoins, that why we choose to use bitcoins over credit cards.

Instant withdrawal can't be done with cards and banks, that's true, there's 1-2 weeks or more of delay, however this delay it is not so relevant to models, what it matters it is how much money she gets, total, every month, better $500 after 2 weeks than $5 after an hour. The Chargeback factor, this is stressed a lot by the models if you read forums or ask them, but really, it is happening rarely. So rarely, that some sites do not pass-on the chargeback fees to the models at all (is myfreecams chargebacking?). In our case, we cover the first $250 chargebacked per model per pay period of 2 weeks. With this warranty level, I don't remember having chargebacked to a model this whole year, perhaps once, and we processed lots of zero figures numbers since.

Of course some of them want to make as much money as they can, but some want access to that money quickly and we can capitalize on both once we get started.

Just cause you don't have one, doesn't mean it can't happen...

Except check the chat text for "skype" or so words, remember we seen models drawing her skype or email to a piece of paper and shown at screen briefly, so no chat logs are left. Also what if the model does not pass her contact to customer, but is the customer who pass his to model, the model replies in chat "no sorry I can't contact you" to make your cam site admin happy, but really, she contacts him, instructing him not to tell this while in cam? Finally, models pick unique nicknames in your site, then create twitters and blogs with the same nickname, so simply the fan can google her and find her and you have no record in text or video of any proof they ever exchanged anything outside your site. The list it can continue.
Simply after years of nazi controls, we decide we do not care what the models talk about including exchange emails, we even stopped to read text chats as this save us time. Models and customers do what they wish anyway, somde model brings customers to our site, and some models bring these out, that's a balance.

We can't talk about where we are looking and how we do it.

We don't want to have totalitarian site, but we believe in the beginning we will have to be strict about this so we can be profitable.

Let you start something that makes money and move users/models in masses, you'll be copied in few weeks by existing cam sites (me included, sorry).

We doubt that the things we have planned would take a few weeks, we have 2 out of 5 of our team have PHD in computer networks and cryptographic and we can do things that other companies would have hire very expensive employees, and then rebuild. I am telling you if I started to talk about this stuff you would probably call me crazy and that it can't be done.

No disrespect and we found some great information in your post but we are a team of 5 people, that have 2-3 startups (Some people of our team joined later) under our belts. We know what we are doing and how to get to the point we are aiming for, so we can implement our big picture ideas. We are not some people that just want to start another cam site, we are going to disrupting the entire webcamming platform.

We have spoken to some VCs and they can't believe our end game, they also believe in us. We are really in the best position right now to start a cam site. I understand you want tell us the risk and we greatly understand the risk and we have plan if we start to run out of our funding and can't raise anymore.

 

[tubecamgirl]

Re: We would like to introduce you all to bitcoin... Again..

... We have ideas that can only be executed with bitcoins, that why we choose to use bitcoins over credit cards. ... We doubt that the things we have planned would take a few weeks, we have 2 out of 5 of our team have PHD

Expensive employees it is not a problem for cam companies full of profits. Cam companies spend $100,000's or $1,000,000's per month in advertising and affiliates, and at times they buy out smaller cam sites as multi million deals. The livejasmin founder is now the most rich man of Hungary according to Forbes ( http://www.cei.int/node/1767/5023 ). Some cam companies are venture capital thelselves so much profit money they got to reinvest. The owner of myfreecams purchased a $2.5 million dollar house in Chicago ( http://www.chicagomag.com/Radar/Deal-Es ... p-of-Aqua/ ), and he invests in startup companies, funding $1 million per company, see his site: http://leo.com ... the owner of streamate, imlive etc. are doing very well too, not going into details as it is not nice. I just wanted to let you see that if someone "distrupts the webcam market" for real, and it is required a few $million to copy or implement that, these guys got such cash immediately available to hire or buy all needed.
In fact your exit strategy could be to sell your company to a top cam site, is that something you considered doing? You build that cam site, then if a success, you sell for lots cash to a top cam site and you retire - rather than try to fight the big guys rest of life.

We have spoken to some VCs and they can't believe our end game, they also believe in us. ... we have plan if we start to run out of our funding and can't raise anymore.

Venture Capital (and banks) do not work with adult sites. I know because I tried a few times. Only adult company owners with lots of cash will fund other adult ventures, but is more a buy out than fund in VC style. No one will help adult ventures, let it bank loans or just getting justice, we got less rights and opportunities than the norm. Even if you do all ethically, most people will think you're evil and will not want to be associated with you, that's like if we all got ebola. A little of this also happens with bitcoin, banks close your accounts just because you deal with bitcoin. Imagine adult + bitcoin at same time, that's something only private investors who already are into adult/bitcoin will invest, that's why if you do something that make numbers, you should target the top cam sites and hope some will buy you out, unlikely you sell to google, apple or facebook, they censor quite it all

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

Sadly we can't discuss our exit strategy and things like that of that nature, so we are bowing out of talking about that information. But thank you for the information!

Venture Capital (and banks) do not work with adult sites. I know because I tried a few times. Only adult company owners with lots of cash will fund other adult ventures, but is more a buy out than fund in VC style. No one will help adult ventures, let it bank loans or just getting justice, we got less rights and opportunities than the norm.

If this was 10yrs ago, I would agree... to be honest things like tinder and stuff like that has helpped bring sexuality into the VC world. As well as I was also taught never get a bank loan when starting a company it is debit you just don't need at the time. I can say VCs are very much interested in this space, so I have to disagree. Granted I am friends with many people who are angel investors and they know how I run my company and team, so I probably have a little more pull in that, but none of them ever said I can't invest due to the nature of what the site would contain. Even our datacenter has a strict policy when dealing with pornograhic natures but they have never turned anyone away due to them trying to be a legit company in the space.

 

[HiGirlsRHot]

Re: We would like to introduce you all to bitcoin... Again..

Sadly we can't discuss our exit strategy and things like that of that nature, so we are bowing out of talking about that information. But thank you for the information!

Venture Capital (and banks) do not work with adult sites. I know because I tried a few times. Only adult company owners with lots of cash will fund other adult ventures, but is more a buy out than fund in VC style. No one will help adult ventures, let it bank loans or just getting justice, we got less rights and opportunities than the norm.

If this was 10yrs ago, I would agree... to be honest things like tinder and stuff like that has helpped bring sexuality into the VC world. As well as I was also taught never get a bank loan when starting a company it is debit you just don't need at the time. I can say VCs are very much interested in this space, so I have to disagree. Granted I am friends with many people who are angel investors and they know how I run my company and team, so I probably have a little more pull in that, but none of them ever said I can't invest due to the nature of what the site would contain. Even our datacenter has a strict policy when dealing with pornograhic natures but they have never turned anyone away due to them trying to be a legit company in the space.

I am angel investor and I mostly disagree. I agree the world is changing, my Angel group has a several presentation on the investing in the legalize pot business, something that wouldn't have happened 10 years ago. I still think that investing in the porn business has both a social stigma and practical problems that would dramatically reduce the number of Angels or VC that would invest. For instance, while I'd personally make an investment in new camsite, I'd be very hesitant to pitch it to my group. There are both a fair number of woman including the director in the group,and also very religious members. I don't think the woman are prudish, but there is difference between being tolerant of porn,and not wanting to be asked to support it financially.
Secondly and probably even more the adult industry has well deserved reputation for attracting, how can I say it ethically challenged men. Just reading the lawsuits that Leo has been involved with would make very hesitant to have him as business partner and I am sure Leo is by no means the worse in the biz.

Add to that dodgy nature of bitcoins, and I think you've probably eliminated 80% of potential investor. I should add that I'm both more blunt, and slightly more willing to write checks than most Angel's I know and the ratio of companies I show interest in and those that write a check to is roughly 30 to 1.

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

Sadly we can't discuss our exit strategy and things like that of that nature, so we are bowing out of talking about that information. But thank you for the information!

Venture Capital (and banks) do not work with adult sites. I know because I tried a few times. Only adult company owners with lots of cash will fund other adult ventures, but is more a buy out than fund in VC style. No one will help adult ventures, let it bank loans or just getting justice, we got less rights and opportunities than the norm.

If this was 10yrs ago, I would agree... to be honest things like tinder and stuff like that has helpped bring sexuality into the VC world. As well as I was also taught never get a bank loan when starting a company it is debit you just don't need at the time. I can say VCs are very much interested in this space, so I have to disagree. Granted I am friends with many people who are angel investors and they know how I run my company and team, so I probably have a little more pull in that, but none of them ever said I can't invest due to the nature of what the site would contain. Even our datacenter has a strict policy when dealing with pornograhic natures but they have never turned anyone away due to them trying to be a legit company in the space.

I am angel investor and I mostly disagree. I agree the world is changing, my Angel group has a several presentation on the investing in the legalize pot business, something that wouldn't have happened 10 years ago. I still think that investing in the porn business has both a social stigma and practical problems that would dramatically reduce the number of Angels or VC that would invest. For instance, while I'd personally make an investment in new camsite, I'd be very hesitant to pitch it to my group. There are both a fair number of woman including the director in the group,and also very religious members. I don't think the woman are prudish, but there is difference between being tolerant of porn,and not wanting to be asked to support it financially.
Secondly and probably even more the adult industry has well deserved reputation for attracting, how can I say it ethically challenged men. Just reading the lawsuits that Leo has been involved with would make very hesitant to have him as business partner and I am sure Leo is by no means the worse in the biz.

Add to that dodgy nature of bitcoins, and I think you've probably eliminated 80% of potential investor. I should add that I'm both more blunt, and slightly more willing to write checks than most Angel's I know and the ratio of companies I show interest in and those that write a check to is roughly 30 to 1.

I have to respectfully disagree, about both. I also think it depends where you are, we are in a pretty diverse area. Also how is bitcoin dodgy? Fred Wilson and Marc Andreessen people that helped the early web gain the traction, both invest in bitcoin companies and bitcoin. I think for a VC firm to call something dodgy, they aren't very good at their job, because they should know the risk yet see more of the reward.

I would say we probably have about 40% of angels would invest in our business, we have 3 angels that once we have some revenue would be happy to met with us. So again I am having a hard time seeing your points. Of course we haven't thought too much of that since we want to see how much we can go with our internal funds from assets that our parent company owns.

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

We have setup a link for people to see the site and test it out for feedback/comments. We have yet to greenlight any models on the site so it isn't active, but it has everything working so who knows maybe a surprise show will happen.

http://beta.goseemybits.com/

Thank you for any feedback!

 

[HiGirlsRHot]

Re: We would like to introduce you all to bitcoin... Again..

I have to respectfully disagree, about both. I also think it depends where you are, we are in a pretty diverse area. Also how is bitcoin dodgy? Fred Wilson and Marc Andreessen people that helped the early web gain the traction, both invest in bitcoin companies and bitcoin. I think for a VC firm to call something dodgy, they aren't very good at their job, because they should know the risk yet see more of the reward.

I would say we probably have about 40% of angels would invest in our business, we have 3 angels that once we have some revenue would be happy to met with us. So again I am having a hard time seeing your points. Of course we haven't thought too much of that since we want to see how much we can go with our internal funds from assets that our parent company owns.

I don't think bitcoins are dodgy per se, more like the use of them for a variety of illegal activities. Honestly after reading this thread the main benefit for cam model of using bitcoins seems to me is it would make it much easier to avoid taxes. I am guessing that you guys aren't sending out 1099 or other tax information to the models.

40% of angels won't invest in any business, even a start up run by Elon Musk, the Google guys and Jack Ma wouldn't get 40% participation rate. Just FYI, meeting with is Angels like step 2 of 12 in order to get a check written. Certainly getting a prototype up and revenue is the right way to go about getting investors. But I still think that you are starting with one or two strikes against you when combining camsites and bitcoins for investors.

The thread has been interesting and informative. I think tubecamgirl gave you some good advice on why bitcoins aren't big factor in camsites. Many models have raised questions which I think you've done a good job addressing. It generally takes hard work and crazy risks by true believers to get a new technology adopted. Most of the time they fail, but enough succeed to prove cynics like myself wrong. I would just make sure that your key differentiation in your camsite isn't we take bitcoins and others don't.

 

[BarbieLuv]

Re: We would like to introduce you all to bitcoin... Again..

Your site desperately needs to be proofread! Also, the bland gray/white is weird and off-putting. Most camsites (and websites in general) use lots of color, because it catches the eye and makes the site seem more vibrant and exciting. This could be a few key splashes, or an overall color palette that is used throughout the site. Because when there are models added, if the theme around them is bland, the website won't give a positive first impression and could lead to guys leaving because they assume the models will be equally as unenthusiastic as the website design. In addition, models might think it looks a bit dodgy due to the very basic design and pass you over for a more well-known and trusted site. Really you already have the odds stacked against you being a brand-new site which centers around cryptocurrency, so you need to put your all into the website design and make it really POP and draw the viewer in!

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

Your site desperately needs to be proofread! Also, the bland gray/white is weird and off-putting. Most camsites (and websites in general) use lots of color, because it catches the eye and makes the site seem more vibrant and exciting. This could be a few key splashes, or an overall color palette that is used throughout the site. Because when there are models added, if the theme around them is bland, the website won't give a positive first impression and could lead to guys leaving because they assume the models will be equally as unenthusiastic as the website design. In addition, models might think it looks a bit dodgy due to the very basic design and pass you over for a more well-known and trusted site. Really you already have the odds stacked against you being a brand-new site which centers around cryptocurrency, so you need to put your all into the website design and make it really POP and draw the viewer in!

Yes we are going to proofread! We are still waiting on a logo to be designed and until then we will not know what colors to add, but I agree. Thank you for taking a look!

I don't think bitcoins are dodgy per se, more like the use of them for a variety of illegal activities. Honestly after reading this thread the main benefit for cam model of using bitcoins seems to me is it would make it much easier to avoid taxes. I am guessing that you guys aren't sending out 1099 or other tax information to the models.

After speaking to accountants and lawyers it would be impossible for us send out 1099 since bitcoin in the eyes of the IRS is viewed as property not currency. We are very disappointed that after this thread, you still see the only benefit of bitcoin being for illegal activities we will are going to review this thread and see if we can change our wording to highlight the benefits to models and users. Thank you for pointing that out.

40% of angels won't invest in any business, even a start up run by Elon Musk, the Google guys and Jack Ma wouldn't get 40% participation rate. Just FYI, meeting with is Angels like step 2 of 12 in order to get a check written. Certainly getting a prototype up and revenue is the right way to go about getting investors. But I still think that you are starting with one or two strikes against you when combining camsites and bitcoins for investors.

I have raise capital before but I was just saying that angels are interested in what we told them and showed. Bitcoins is not a put off to investors, This year alone $289 million (http://www.coindesk.com/bitcoin-venture-capital/) was injected into bitcoin companies and that is more than the first year of the internet companies raised. So I am confused why you say investors would not be interested? I agree being a camsite is a strike but nothing that big or we can't handle. Also just so everyone knows we aren't interested in raising funds we rather focus on the site for the first year at least.

I really feel we have failed you if you read the thread and didn't understand the benefits of bitcoins. It something that I want to get to bottom so we as a company can make sure we can get everyone to at least understand bitcoin, if you like it or not we still want you to understand it. I would love to review this thread and email you the highlights of the benefits in different wording. Email me admin@goseemybits.com.

Thank you.

The thread has been interesting and informative. I think tubecamgirl gave you some good advice on why bitcoins aren't big factor in camsites. Many models have raised questions which I think you've done a good job addressing. It generally takes hard work and crazy risks by true believers to get a new technology adopted. Most of the time they fail, but enough succeed to prove cynics like myself wrong. I would just make sure that your key differentiation in your camsite isn't we take bitcoins and others don't.

I agree with this entire paragraph, we don't want our differentiation to be that, obviously in the beginning it will be that, so we can educated people on bitcoin. But as we build out the site people will see the differences hopefully.

 

[HiGirlsRHot]

Re: We would like to introduce you all to bitcoin... Again..

I have raise capital before but I was just saying that angels are interested in what we told them and showed. Bitcoins is not a put off to investors, This year alone $289 million (http://www.coindesk.com/bitcoin-venture-capital/) was injected into bitcoin companies and that is more than the first year of the internet companies raised. So I am confused why you say investors would not be interested? I agree being a camsite is a strike but nothing that big or we can't handle. Also just so everyone knows we aren't interested in raising funds we rather focus on the site for the first year at least.

I really feel we have failed you if you read the thread and didn't understand the benefits of bitcoins. It something that I want to get to bottom so we as a company can make sure we can get everyone to at least understand bitcoin, if you like it or not we still want you to understand it. I would love to review this thread and email you the highlights of the benefits in different wording. Email me admin@goseemybits.com.

I think you have communicated your points well. I just don't agree. But just to make sure I'll go back to your OP.

1. Commission are too high. I agree. However, it is clear to me after being on the forum for a while, that what matters to model is the dollars they earn, everything else is secondary. A few models complain that SM takes 65%, very few complain the MFC takes 40-45%. In most cases, for all but the very top models, most models consistently make more money on SM than MFC, despite the huge difference in commissions. The difference is that SM spends heavily on driving pay customers to their sites and MFC doesn't. Most members are blissfully unaware of the economics of camsites, so while I personally favor giving a higher cut is pretty much irrelevant to members as selling point.

The area that bitcoin address is the cut taken by all of the financial firms that funnels money from the members wallets, to the camgirls bank accounts. When you add up all the costs, credit card fees, chargebacks, check fees, payoneer fee, international wire fees yada yada it is around 5-10%. Now if bitcoin magically reduced that number to 0% you could still only increase commission by 5-10%. The real reason commissions are low is because of advertising, so unless bitcoin/user website reduces that customer acquisition cost I don't think you can achieve your commission levels and still drive significant traffic.

2. Privacy. This was discussed early,you think providing a credit card is significant barrier to converting lurkers into paying a customers. I agree with Lily, I think guys like myFREEcams because its free porn. Honestly, I am more concerned with some bitcoin marketplace going broke, than having my credit card info stolen on a website. YMMV

3. Instant conversion of camming earnings to spendable currency. I agree a nice feature, it will be more important to some modesl than others.

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

2. Privacy. This was discussed early,you think providing a credit card is significant barrier to converting lurkers into paying a customers. I agree with Lily, I think guys like myFREEcams because its free porn. Honestly, I am more concerned with some bitcoin marketplace going broke, than having my credit card info stolen on a website. YMMV

What if you could verify the site was solvent at anytime? We could easily allow models to look into our wallet and verify that we are solvent. Is that something I should pursue?

 

[HiGirlsRHot]

Re: We would like to introduce you all to bitcoin... Again..

2. Privacy. This was discussed early,you think providing a credit card is significant barrier to converting lurkers into paying a customers. I agree with Lily, I think guys like myFREEcams because its free porn. Honestly, I am more concerned with some bitcoin marketplace going broke, than having my credit card info stolen on a website. YMMV

What if you could verify the site was solvent at anytime? We could easily allow models to look into our wallet and verify that we are solvent. Is that something I should pursue?

I am firmly in the you have no privacy in the 21st century get over it camp. All of this stuff is really unimportant compared to having good models, charging fair prices.

 

[GoSeeMyBits.com]

Re: We would like to introduce you all to bitcoin... Again..

2. Privacy. This was discussed early,you think providing a credit card is significant barrier to converting lurkers into paying a customers. I agree with Lily, I think guys like myFREEcams because its free porn. Honestly, I am more concerned with some bitcoin marketplace going broke, than having my credit card info stolen on a website. YMMV

What if you could verify the site was solvent at anytime? We could easily allow models to look into our wallet and verify that we are solvent. Is that something I should pursue?

I am firmly in the you have no privacy in the 21st century get over it camp. All of this stuff is really unimportant compared to having good models, charging fair prices.

Then I can say you will enjoy the platform! We have already been talking to a lot of models, some known models, and some models that are new yet up and coming. Our biggest hurdle currently is just explaining to them how bitcoins will help them and their clients, and so far we have converted most of them to start using bitcoin before the launch of the site. The one model, we didn't convert wanted us to grow the site a bit before she would talk to us again about using it. She was kinda of a bigger model, so we can see why she wanted to wait a bit.

Also if any of the models reading this want to be apart of the site, just send us an email at models@goseemybits.com and we will give you all the information/answer any questions.

Sorry for the shameless plug.