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

[Gen]

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

So we are looking for models that have a good size fanbase, we aren't ready for the models that have no fanbase.

I think this can be a tricky stance to take. Most super successful models won't want to leave their site (unless you can pay them pretty well), and you can alienate a lot of good models with potential to be very successful by saying "sorry, I know we have no traffic, but you're not good enough for us." Does that make sense? I don't mean it in a rude way but unless you have the money or the traffic to pay great models, you are usually in the situation where you need girls more than they need you. I'd guess that most of the girls willing to try new sites are the ones who aren't banking on other sites (but that's just a guess and if you get some of the girls who are super into bitcoins, maybe they'd be interested just for the sake of it).

About your question, personally I think it's best to offer your starting models an hourly wage + they keep their tips (minus the site fee, of course), not either or. Mostly because the hourly wage will assure them that they're spending their time wisely, and letting them keep the tips gives them incentive to work for them (and i think it's sketchy to keep their tips because the member will likely assume they are going to the model). That said i can see if you're offering that much to models, why you would want to be selective or want girls with fanbases - just wanted to offer my two cents from a model perspective.

 

[GoSeeMyBits.com]

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

So we are looking for models that have a good size fanbase, we aren't ready for the models that have no fanbase.

I think this can be a tricky stance to take. Most super successful models won't want to leave their site (unless you can pay them pretty well), and you can alienate a lot of good models with potential to be very successful by saying "sorry, I know we have no traffic, but you're not good enough for us." Does that make sense? I don't mean it in a rude way but unless you have the money or the traffic to pay great models, you are usually in the situation where you need girls more than they need you. I'd guess that most of the girls willing to try new sites are the ones who aren't banking on other sites (but that's just a guess and if you get some of the girls who are super into bitcoins, maybe they'd be interested just for the sake of it).

About your question, personally I think it's best to offer your starting models an hourly wage + they keep their tips (minus the site fee, of course), not either or. Mostly because the hourly wage will assure them that they're spending their time wisely, and letting them keep the tips gives them incentive to work for them (and i think it's sketchy to keep their tips because the member will likely assume they are going to the model). That said i can see if you're offering that much to models, why you would want to be selective or want girls with fanbases - just wanted to offer my two cents from a model perspective.

When we say a good size fanbase we are looking for somewhere between 50-1000 loyal fans that they know will follow them. If we got about 5 -10 of those types of models we be doing good and making a good cash flow. We just don't want models starting off in the camming world, cause our site would not benefit them in anyway. Instead it would probably leave a bad experience with them using our site and that is not something we want. We would express that to them, if they didn't care about that and wanted to use our site we would let them on.

I guess we have some math to do tonight to see what we can handle if we went with that business model. We welcome any cents from models they obviously know a lot more about that part then us.

Thank you all!

 

[mynameisbob84]

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

So we are looking for models that have a good size fanbase, we aren't ready for the models that have no fanbase.

I think this can be a tricky stance to take. Most super successful models won't want to leave their site (unless you can pay them pretty well), and you can alienate a lot of good models with potential to be very successful by saying "sorry, I know we have no traffic, but you're not good enough for us." Does that make sense? I don't mean it in a rude way but unless you have the money or the traffic to pay great models, you are usually in the situation where you need girls more than they need you. I'd guess that most of the girls willing to try new sites are the ones who aren't banking on other sites (but that's just a guess and if you get some of the girls who are super into bitcoins, maybe they'd be interested just for the sake of it).

About your question, personally I think it's best to offer your starting models an hourly wage + they keep their tips (minus the site fee, of course), not either or. Mostly because the hourly wage will assure them that they're spending their time wisely, and letting them keep the tips gives them incentive to work for them (and i think it's sketchy to keep their tips because the member will likely assume they are going to the model). That said i can see if you're offering that much to models, why you would want to be selective or want girls with fanbases - just wanted to offer my two cents from a model perspective.

When we say a good size fanbase we are looking for somewhere between 50-1000 loyal fans that they know will follow them. If we got about 5 -10 of those types of models we be doing good and making a good cash flow. We just don't want models starting off in the camming world, cause our site would not benefit them in anyway. Instead it would probably leave a bad experience with them using our site and that is not something we want. We would express that to them, if they didn't care about that and wanted to use our site we would let them on.

I guess we have some math to do tonight to see what we can handle if we went with that business model. We welcome any cents from models they obviously know a lot more about that part then us.

Thank you all!

I think you might struggle with finding models who have that kind of popularity who would be willing to move. 50 paying regulars might not sound like much but I'd estimate that even the very top models have less than 20 members who a) tip them often and b) would be willing to follow them to a new site. And if a model did have that many tipping regulars, chances are she'd be making so much money where she was, that there'd be no reason for her to move sites. :twocents-02cents:

 

[GoSeeMyBits.com]

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

I think you might struggle with finding models who have that kind of popularity who would be willing to move. 50 paying regulars might not sound like much but I'd estimate that even the very top models have less than 20 members who a) tip them often and b) would be willing to follow them to a new site. And if a model did have that many tipping regulars, chances are she'd be making so much money where she was, that there'd be no reason for her to move sites. :twocents-02cents:

It will just be something we will have to work on and find the girls that think our site will be a good fit for them. It is again a chicken and egg problem, we need models to get users, we need users to get models.

We don't have a hard limit on loyal fans we just don't want newcomers that will come and be alone in their site giving them a bad experience. We rather them have a bit of an audience that would also help the site.

 

[mynameisbob84]

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

I think Gen's right in that it's going to cost a lot of money to convince models with a pre-existing fanbase to move sites. Maybe you could attempt to come to an agreement with a few established models to get things rolling. Offer a set number of models guaranteed money on the proviso that they bring x number of unique tippers to your site. It'll likely cost you more than the models will make you initially but it could be a worthwhile investment in the long run.

 

[GoSeeMyBits.com]

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

I think Gen's right in that it's going to cost a lot of money to convince models with a pre-existing fanbase to move sites. Maybe you could attempt to come to an agreement with a few established models to get things rolling. Offer a set number of models guaranteed money on the proviso that they bring x number of unique tippers to your site. It'll likely cost you more than the models will make you initially but it could be a worthwhile investment in the long run.

We are not oppose to that right now, we would have to run the numbers and come up with a number that makes us comfortable as well as the models.

We are also thinking of putting the site up so people can come look at it, test it out and see what they make of it.

 

[AmberCutie]

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

In other words, will the site accept payment in BC, then convert that into other currency to pay the models?

I bet that would make a LOT more models interested in being on the site if that was the case. The site could adjust the cost of credits based on bitcoin fluctuation, but the cam girl could always rely on a certain amount paid out to her in their national currency.

We just want correct you on something, also thank you for the platform to speak directly to so many models at once. We don't have any credits, the bitcoins are the credits, but the way we choose to display them to model when receiving them is going to be just like the tokens you see on other sites, even as close to the same price point. So we are not in the business of selling credits we are in the business of being the middle men between models and users in both video and payments.

One of the biggest reasons that established cam girls won't try a bitcoin based site is the volatility of the Bitcoin. We want definite amount of dollars guaranteed of our payouts. Getting paid directly in Bitcoin feels like getting paid in gold bullion to most of us. I suggest letting the members buy credits in Bitcoin and pay out the models in guaranteed rates.

Yeah say the other sites offered it only as an additional purchase option, but I think there are multiple sites like yours that tried to simply be the middle man and they were all met with hesitation. There's even a current poster here (duck something?) who started a site on the same premise and I'm not sure how it's going.

 

[GoSeeMyBits.com]

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

In other words, will the site accept payment in BC, then convert that into other currency to pay the models?

I bet that would make a LOT more models interested in being on the site if that was the case. The site could adjust the cost of credits based on bitcoin fluctuation, but the cam girl could always rely on a certain amount paid out to her in their national currency.

We just want correct you on something, also thank you for the platform to speak directly to so many models at once. We don't have any credits, the bitcoins are the credits, but the way we choose to display them to model when receiving them is going to be just like the tokens you see on other sites, even as close to the same price point. So we are not in the business of selling credits we are in the business of being the middle men between models and users in both video and payments.

One of the biggest reasons that established cam girls won't try a bitcoin based site is the volatility of the Bitcoin. We want definite amount of dollars guaranteed of our payouts. Getting paid directly in Bitcoin feels like getting paid in gold bullion to most of us. I suggest letting the members buy credits in Bitcoin and pay out the models in guaranteed rates.

Yeah say the other sites offered it only as an additional purchase option, but I think there are multiple sites like yours that tried to simply be the middle man and they were all met with hesitation. There's even a current poster here (duck something?) who started a site on the same premise and I'm not sure how it's going.

Sadly we can't convert the bitcoins to local currencies on our site due to regulations, we would need to be spending $1 million+ dollars in legal fees and even then we have been told that isn't not a guarantee that we would even be legal to do that every state.

We are looking into sites that models can withdraw to and those sites would deal with the conversion, since they are legal. Volatility isn't that big of a problem, and has gotten a lot better. It is still an issue for new users of bitcoin and we understand that. So the more we can soften that, we will try, but we need to be legal in doing that.

Also we understand how hesitant people are about bitcoins, it is new, unfamiliar and classified as an experiment, but if we execute this correctly and addresses certain aspects we think it will be more profitable for models and easier for clients. That is worth the risk to us, hopefully we can find some models that think the risk is worth it to them.

We looked at many sites that handle bitcoins and are a webcamming platform, but the things that would separate our site from them, will not be obvious from the beginning. We have a very deep understanding of the bitcoin network and we want to bring that to the webcamming industry. I wish I could tell you about it more in depth and I think that would impress and really show what bitcoin is capable of in this situation. As a business we can't risk sharing that information and not being the first debut it.

 

[Jesse0328]

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

If I were an independent contractor, I would stay far away from companies paying out in crypto currencies. First of all, they have exchange risks similar to foreign currencies. In addition, at least in the United States, they are treated for tax purposes as assets subject to capital gains rules. If a company paid me in Bitcoin or whatever, I now have to compute a basis for all my income. When I redeem my crypto currency income for cash on an exchange for a small fee or at one of the handful of companies accepting Bitcoin, I will have to calculate a short or long term gain or loss on that transaction. F that. I'll take cash, thank you very much.

And at least for MyFreeCams, the models get $.05 a token whether the customer pays $.06 or $.20. If anything, the customer should feel ripped off if they are paying on the high end and receiving half the value or less in exchange.

 

[Teagan]

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

I think Gen's right in that it's going to cost a lot of money to convince models with a pre-existing fanbase to move sites. Maybe you could attempt to come to an agreement with a few established models to get things rolling. Offer a set number of models guaranteed money on the proviso that they bring x number of unique tippers to your site. It'll likely cost you more than the models will make you initially but it could be a worthwhile investment in the long run.

We are not oppose to that right now, we would have to run the numbers and come up with a number that makes us comfortable as well as the models.

We are also thinking of putting the site up so people can come look at it, test it out and see what they make of it.

Just as an fyi the per hour rate currently being offered by other start ups is $15-$20 an hour. The higher the more outgoing and experienced you are.

 

[BarbieLuv]

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

The main issue I have with a camsite that only deals in Bitcoins is the inherently volatile nature of cryptocurrency. Say I cammed on your site one evening, did all the conversion math, and find out that I made $100. So I go to bed feeling pretty good about that, excited that this site might actually work out well. But when I wake up the next morning, the overall value of bitcoins has dropped a bit, and now I've only made $98... for the SAME amount of work. Now $2 might not seem like much in the great scheme of things, but A.) seeing what I've earned drop is definitely a morale killer and would discourage me from working on the site again (in favor of sites that can guarantee x amount of tokens/Gold will always equal $x) and B.) if this happens repeatedly, over time I could potentially lose out on a good chunk of change. Yes, it could always go in the opposite direction as well (with the value of Bitcoins going up), but with the current market trends that's unlikely to happen. And even if it does go up a bit... the risk of losing money that I already earned is far greater than the likelihood of getting a few extra bucks in my pocket. It's also a lot more off-cam work to try to keep up with Bitcoin values, convert the currency I receive, and try to get it into my bank account safely than the 'oh hey, here's your secure bank transfer!' offered by other camsites.

I'd also like to know what sort of support system you would have in place; since this would be a cryptocurrency-based website, how would you deal with members complaining about models 'scamming' them, or vice-versa? How could you make sure that bitcoins aren't being used to pay for illegal shows (beastiality, scat, blood, underage play, etc.) on your camming platform, when there's no real way to track where the money came from or where it's going (especially since this could potentially get you in legal trouble)? Would there be ways to report members for requesting these sorts of shows/ban them from rooms? What sort of TOS will you have (for both members and models)?

Also, how are you planning on dealing with taxes for any models that join your site? You say that you won't be converting the bitcoins directly due to the high fees for doing so, and instead it will be up to the girls to do it themselves... So does that mean that you won't be sending out tax forms and it'll be a 'you need to keep up with all of your own income and keep meticulous records' kind of scenario for the model?

 

[Fay_Galore]

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

Also, how are you planning on dealing with taxes for any models that join your site? You say that you won't be converting the bitcoins directly due to the high fees for doing so, and instead it will be up to the girls to do it themselves... So does that mean that you won't be sending out tax forms and it'll be a 'you need to keep up with all of your own income and keep meticulous records' kind of scenario for the model?

While I agree with all the things you said in this post, I want to reply to this particular bit, because that's always how it works, right? you yourself are responsible for your own taxes and the fact that some (all?) camsites offer this to US camgirls (about 10% of MFC performers is from US for instance) is just handy for you guys the rest of the girls don't get tax forms, that's only for a very small percentage that is in fact from the US. We have to do it all 'by hand'.

 

[BarbieLuv]

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

Also, how are you planning on dealing with taxes for any models that join your site? You say that you won't be converting the bitcoins directly due to the high fees for doing so, and instead it will be up to the girls to do it themselves... So does that mean that you won't be sending out tax forms and it'll be a 'you need to keep up with all of your own income and keep meticulous records' kind of scenario for the model?

While I agree with all the things you said in this post, I want to reply to this particular bit, because that's always how it works, right? you yourself are responsible for your own taxes and the fact that some (all?) camsites offer this to US camgirls (about 10% of MFC performers is from US for instance) is just handy for you guys the rest of the girls don't get tax forms, that's only for a very small percentage that is in fact from the US. We have to do it all 'by hand'.

Yeah, but for the US models, it's something that's going to be high on our priority lists. Not only because it's less of a pain in the butt, but also because without proper tax forms being sent to us it would complicate things considerably when trying to file, raises our risk of audit considerably, can make it harder to apply for financial aid for those girls who are in school, it's almost impossible to get a large loan (think mortgage) because they require copies of 1099/W2s to approve financing, and overall it can just cause a lot of issues that most US girls would rather not deal with. I don't pretend to know what tax issues/laws/forms are in any other country, but speaking from a US model's perspective, I wouldn't join a camsite that wasn't going to send me the proper tax forms. Being audited isn't high on my to-do list, lol.

 

[GoSeeMyBits.com]

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

The main issue I have with a camsite that only deals in Bitcoins is the inherently volatile nature of cryptocurrency. Say I cammed on your site one evening, did all the conversion math, and find out that I made $100. So I go to bed feeling pretty good about that, excited that this site might actually work out well. But when I wake up the next morning, the overall value of bitcoins has dropped a bit, and now I've only made $98... for the SAME amount of work. Now $2 might not seem like much in the great scheme of things, but A.) seeing what I've earned drop is definitely a morale killer and would discourage me from working on the site again (in favor of sites that can guarantee x amount of tokens/Gold will always equal $x) and B.) if this happens repeatedly, over time I could potentially lose out on a good chunk of change. Yes, it could always go in the opposite direction as well (with the value of Bitcoins going up), but with the current market trends that's unlikely to happen. And even if it does go up a bit... the risk of losing money that I already earned is far greater than the likelihood of getting a few extra bucks in my pocket. It's also a lot more off-cam work to try to keep up with Bitcoin values, convert the currency I receive, and try to get it into my bank account safely than the 'oh hey, here's your secure bank transfer!' offered by other camsites.

With the instant withdraws you would just have to move the bitcoins to a site that would convert them to dollars and send them to your bank account or a service that converts it to whatever you need. Of course this is not the ideal but it would have to be the only option. Most of these sites are lagging behind the market, so if you did it after your show you would be fine. We are researching some of these sites that would work the best for our models.

I'd also like to know what sort of support system you would have in place; since this would be a cryptocurrency-based website, how would you deal with members complaining about models 'scamming' them, or vice-versa? How could you make sure that bitcoins aren't being used to pay for illegal shows (beastiality, scat, blood, underage play, etc.) on your camming platform, when there's no real way to track where the money came from or where it's going (especially since this could potentially get you in legal trouble)? Would there be ways to report members for requesting these sorts of shows/ban them from rooms? What sort of TOS will you have (for both members and models)?

Great question! We would be recording every show, and we have people that will be notified when a show starts so they will also monitor them in invisible mode where they can disconnect and ban the model. Models will have an ignore function to ban users, where their chat messages will not be shown to the model or any other users in the room. We have a function that will show us the top ignored users and we will save there chats going forward. If we think an ip ban is needed we will then do that.

TOS will be for both and it is currently being looked over by our legal.

Also, how are you planning on dealing with taxes for any models that join your site? You say that you won't be converting the bitcoins directly due to the high fees for doing so, and instead it will be up to the girls to do it themselves... So does that mean that you won't be sending out tax forms and it'll be a 'you need to keep up with all of your own income and keep meticulous records' kind of scenario for the model?

We will for sure help but also by only dealing with bitcoins, we have a different set of tax rules. We are still consulting our legal about this, but we will not leave anyone in the dust with this kind of stuff. I don't want to speak too much about this without my lawyer looking it over to make sure my information is correct.

 

[GoSeeMyBits.com]

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

Also, how are you planning on dealing with taxes for any models that join your site? You say that you won't be converting the bitcoins directly due to the high fees for doing so, and instead it will be up to the girls to do it themselves... So does that mean that you won't be sending out tax forms and it'll be a 'you need to keep up with all of your own income and keep meticulous records' kind of scenario for the model?

While I agree with all the things you said in this post, I want to reply to this particular bit, because that's always how it works, right? you yourself are responsible for your own taxes and the fact that some (all?) camsites offer this to US camgirls (about 10% of MFC performers is from US for instance) is just handy for you guys the rest of the girls don't get tax forms, that's only for a very small percentage that is in fact from the US. We have to do it all 'by hand'.

Yeah, but for the US models, it's something that's going to be high on our priority lists. Not only because it's less of a pain in the butt, but also because without proper tax forms being sent to us it would complicate things considerably when trying to file, raises our risk of audit considerably, can make it harder to apply for financial aid for those girls who are in school, it's almost impossible to get a large loan (think mortgage) because they require copies of 1099/W2s to approve financing, and overall it can just cause a lot of issues that most US girls would rather not deal with. I don't pretend to know what tax issues/laws/forms are in any other country, but speaking from a US model's perspective, I wouldn't join a camsite that wasn't going to send me the proper tax forms. Being audited isn't high on my to-do list, lol.

I can say that if you do it right you will not be audit. I have personally never been audited, and most of my money is in the form of bitcoins. As well as I have raised capital, sold sites, bought a house, bought a car and all with bitcoins.

I don't want to comment on what we would be sending out because we are still talking to our legal about what we should be doing.

 

[NickT]

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

Bitcoins are good if you buy things with that bitcoins. But it's not so good if you need to buy groceries, pay rent, buy a car, etc. You know, all the purchases which are a normal part of life. You'd lose a significant amount in transaction fees if you had to continually convert your bitcoins to dollars.

If any member was worried about CC fraud from MFC, they could buy a gift card CC. They're only about $5 and you can put about $500 on it. Then buy tokens with it and throw it away when it's empty. No chance of fraud.

 

[GoSeeMyBits.com]

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

Bitcoins are good if you buy things with that bitcoins. But it's not so good if you need to buy groceries, pay rent, buy a car, etc. You know, all the purchases which are a normal part of life. You'd lose a significant amount in transaction fees if you had to continually convert your bitcoins to dollars.

If any member was worried about CC fraud from MFC, they could buy a gift card CC. They're only about $5 and you can put about $500 on it. Then buy tokens with it and throw it away when it's empty. No chance of fraud.

I just want to say, the conversion of the site we are looking at is free up to $1 million, of course I think bank transaction fees would apply and that is something we can't fix or do anything about.

Also I am currently living on bitcoin and is my only way for paying for things and I have been doing this for the last 2 yrs so it isn't too hard to buy things like gas, groceries, rent, I have done all those quite easily and I am reaching out to those services to see if I can make deals happen so the models would be able to do that as well.

 

[JerryBoBerry]

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

Also I am currently living on bitcoin and is my only way for paying for things and I have been doing this for the last 2 yrs so it isn't too hard to buy things like gas, groceries, rent, I have done all those quite easily and I am reaching out to those services to see if I can make deals happen so the models would be able to do that as well.

I think that may be a difference here. Would you mind saying, roughly, what part of the world you live in where you have all these options to pay with Bitcoin?

I live in the middle of the U.S.A. and honestly there are ZERO places I can pay with bitcoin outside of online webpages.
No gas station, no grocery store, no one locally accepts them. If I tried to pay my rent in Bitcoins I'd be evicted soon thereafter.

I think many of the people responding in this thread have a lot less options of doing anything with them than you currently enjoy.

 

[GweenBlack]

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

Also I am currently living on bitcoin and is my only way for paying for things and I have been doing this for the last 2 yrs so it isn't too hard to buy things like gas, groceries, rent, I have done all those quite easily and I am reaching out to those services to see if I can make deals happen so the models would be able to do that as well.

I think that may be a difference here. Would you mind saying, roughly, what part of the world you live in where you have all these options to pay with Bitcoin?

I live in the middle of the U.S.A. and honestly there are ZERO places I can pay with bitcoin outside of online webpages.
No gas station, no grocery store, no one locally accepts them. If I tried to pay my rent in Bitcoins I'd be evicted soon thereafter.

I think many of the people responding in this thread have a lot less options of doing anything with them than you currently enjoy.

you don't buy things with bitcoins in the real world (not in common places), bitcoin is a currency, but you have to convert it to yours. If you convert bitcoins to USD, you can use it in pre paid card, put in your back, doesn't matter, it become dollars.

That's what he is trying to explain, you only use it in the website, but you can convert anytime. It is similar for what i do, since i get Dollars and convert to Brazilian Reais.

 

[GweenBlack]

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

https://www.coinbase.com/

one of my friends invests in bitcoins, with this website you can buy amazon gift cards with bitcoins etc and redirect to sellers that accept it without having to convert.

I am curious about it, so i am opening a wallet and trying to understand it better.

 

[GoSeeMyBits.com]

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

Also I am currently living on bitcoin and is my only way for paying for things and I have been doing this for the last 2 yrs so it isn't too hard to buy things like gas, groceries, rent, I have done all those quite easily and I am reaching out to those services to see if I can make deals happen so the models would be able to do that as well.

I think that may be a difference here. Would you mind saying, roughly, what part of the world you live in where you have all these options to pay with Bitcoin?

I live in the middle of the U.S.A. and honestly there are ZERO places I can pay with bitcoin outside of online webpages.
No gas station, no grocery store, no one locally accepts them. If I tried to pay my rent in Bitcoins I'd be evicted soon thereafter.

I think many of the people responding in this thread have a lot less options of doing anything with them than you currently enjoy.

you don't buy things with bitcoins in the real world (not in common places), bitcoin is a currency, but you have to convert it to yours. If you convert bitcoins to USD, you can use it in pre paid card, put in your back, doesn't matter, it become dollars.

That's what he is trying to explain, you only use it in the website, but you can convert anytime. It is similar for what i do, since i get Dollars and convert to Brazilian Reais.

Thank you, this is exactly what we were trying to explain. We convert bitcoins and use applications that accept it and give us gift cards and things. We are reaching out to these services as well.

Also we would save you so many fees if you are taking dollars and converting to brazilian reais. Also bitcoin is quite popular in south america.

 

[GoSeeMyBits.com]

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

Also I am currently living on bitcoin and is my only way for paying for things and I have been doing this for the last 2 yrs so it isn't too hard to buy things like gas, groceries, rent, I have done all those quite easily and I am reaching out to those services to see if I can make deals happen so the models would be able to do that as well.

I think that may be a difference here. Would you mind saying, roughly, what part of the world you live in where you have all these options to pay with Bitcoin?

I live in the middle of the U.S.A. and honestly there are ZERO places I can pay with bitcoin outside of online webpages.
No gas station, no grocery store, no one locally accepts them. If I tried to pay my rent in Bitcoins I'd be evicted soon thereafter.

I think many of the people responding in this thread have a lot less options of doing anything with them than you currently enjoy.

We are in the USA, while we are in a bigger city, but we have gone to rural parts and used bitcoins just as easy as we do in our city.

 

[LailaBaise]

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

Also I am currently living on bitcoin and is my only way for paying for things and I have been doing this for the last 2 yrs so it isn't too hard to buy things like gas, groceries, rent, I have done all those quite easily and I am reaching out to those services to see if I can make deals happen so the models would be able to do that as well.

I think that may be a difference here. Would you mind saying, roughly, what part of the world you live in where you have all these options to pay with Bitcoin?

I live in the middle of the U.S.A. and honestly there are ZERO places I can pay with bitcoin outside of online webpages.
No gas station, no grocery store, no one locally accepts them. If I tried to pay my rent in Bitcoins I'd be evicted soon thereafter.

I think many of the people responding in this thread have a lot less options of doing anything with them than you currently enjoy.

We are in the USA, while we are in a bigger city, but we have gone to rural parts and used bitcoins just as easy as we do in our city.

How do you do this?

 

[GoSeeMyBits.com]

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

Also I am currently living on bitcoin and is my only way for paying for things and I have been doing this for the last 2 yrs so it isn't too hard to buy things like gas, groceries, rent, I have done all those quite easily and I am reaching out to those services to see if I can make deals happen so the models would be able to do that as well.

I think that may be a difference here. Would you mind saying, roughly, what part of the world you live in where you have all these options to pay with Bitcoin?

I live in the middle of the U.S.A. and honestly there are ZERO places I can pay with bitcoin outside of online webpages.
No gas station, no grocery store, no one locally accepts them. If I tried to pay my rent in Bitcoins I'd be evicted soon thereafter.

I think many of the people responding in this thread have a lot less options of doing anything with them than you currently enjoy.

We are in the USA, while we are in a bigger city, but we have gone to rural parts and used bitcoins just as easy as we do in our city.

How do you do this?

I personally use gyft which has a mobile application. And a lot of big ticket items use services like bitpay to do the transaction and get dollars.

 

[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?

 

[ItsBillyBitch]

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

I think the OP is feeling a little “beaten down” at this point, which is understandable.

Cam site customers are very unlike your typical consumer. A typical consumer decides on a product (like 60 inch HDTV), then looks for the best price and terms of the sale, warranty, sales tax, shipping costs and such. It doesn’t matter to that customer whether they buy it from bestbuy.com or amazon.com.

A cam customer has, first and foremost, an attachment to a particular cam site. We, using real market research, have seen it time and time again. The cam customer’s first allegiance is to the site, regardless of any other factor.

And that includes their favorite model moving to another site. It is rare for a customer to follow a model to a new site even if it is of financial benefit to them. It might not make sense on the surface but if you understand the psychology of cam customers, it makes almost perfect sense.

Yes, I agree that bitcoins should be an option as payment for customers of cam sites. If not now, then in the very near future. There are reasons why bitcoins would be the preferred form of payment for the cam sites and the cam models but expanding the customer base is not one of those reasons.

So if you restrict your site to bitcoins only, you either don’t understand your customer base or you have no other option which means you can not qualify to use a traditional credit card processor.

Which is it?

 

[LacieLaPlante]

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

I can just see bitcoins as.. a deterant for my regulars. They're not ALL tech savvy. Adding an extra step from user to me (ie, converting to USD to bitcoin) is enough to stop people from doing it all together. Their wallet being in the other room is often enough. Conversion to bitcoin? Another hoop to jump. So, our clientele would really end up being people who work in bitcoins often, and how many of those people are there?

Not to mention no one is talking about what your site would be like aside from bitcoin. The whole dynamic of the site is very important for my regulars, which is why they don't often leave MFC.

 

[GoSeeMyBits.com]

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

I think the OP is feeling a little “beaten down” at this point, which is understandable.

We are not feeling "beaten down", we are here to learn and teach, exchanging knowledge is a great thing! We read the other topics and we actually felt because of those people, more users here would be hostile to the idea of bitcoins. Instead we got to exchange in a great detail what makes good cam sites and what would make models join ours. This is more information than we could have even dream of, by entering here.

We are thankful that people took time out to write such detail post that we have actually saved, discussed and even help shape certain parts of our site to be better!

We are the complete opposite of beaten down we are even more hungry to get this site up and hopefully showed we learned a lot from this thread.

Cam site customers are very unlike your typical consumer. A typical consumer decides on a product (like 60 inch HDTV), then looks for the best price and terms of the sale, warranty, sales tax, shipping costs and such. It doesn’t matter to that customer whether they buy it from bestbuy.com or amazon.com.

A cam customer has, first and foremost, an attachment to a particular cam site. We, using real market research, have seen it time and time again. The cam customer’s first allegiance is to the site, regardless of any other factor.

And that includes their favorite model moving to another site. It is rare for a customer to follow a model to a new site even if it is of financial benefit to them. It might not make sense on the surface but if you understand the psychology of cam customers, it makes almost perfect sense.

I think this is a problem every company fights in the beginning. If I wanted to open up a best buy type store I would be competing with them and have to convince people why to use that store over best buy, it could take many years, I still have to do it.

Yes, I agree that bitcoins should be an option as payment for customers of cam sites. If not now, then in the very near future. There are reasons why bitcoins would be the preferred form of payment for the cam sites and the cam models but expanding the customer base is not one of those reasons.

So if you restrict your site to bitcoins only, you either don’t understand your customer base or you have no other option which means you can not qualify to use a traditional credit card processor.

Which is it?

Neither, we could implement a credit card processor but then we would just another cam site with no benefits, no reasons to join us.

We are like apple computers in the garage right now, people don't have very much faith, they seen people like us come and go. We have ideas that require the power of bitcoins, that if we started talking about you probably think we are nuts. Bitcoin is so powerful to programmers that it is going to allow us to innovate this industry which hasn't changed since ~2004.

We understand our client base, they just don't know what to make of us. It is lot of work ahead of us but we are ready!

I can just see bitcoins as.. a deterant for my regulars. They're not ALL tech savvy. Adding an extra step from user to me (ie, converting to USD to bitcoin) is enough to stop people from doing it all together. Their wallet being in the other room is often enough. Conversion to bitcoin? Another hoop to jump. So, our clientele would really end up being people who work in bitcoins often, and how many of those people are there?

Not to mention no one is talking about what your site would be like aside from bitcoin. The whole dynamic of the site is very important for my regulars, which is why they don't often leave MFC.

Actually the site we are looking to push clients to would be just like getting tokens from MFC, you could use a credit card and spend it from their site quite easily. The extra step would be more for the models, which we are trying soften and working on this second, we have a lot of phone calls setup this week to discuss what certain services can do for us and our models.

 

[NoelleBright]

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.

 

[GweenBlack]

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.