AmberCutie's Forum
An adult community for cam models and members to discuss all the things!

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

  • ** WARNING - ACF CONTAINS ADULT CONTENT **
    Only persons aged 18 or over may read or post to the forums, without regard to whether an adult actually owns the registration or parental/guardian permission. AmberCutie's Forum (ACF) is for use by adults only and contains adult content. By continuing to use this site you are confirming that you are at least 18 years of age.
Status
Not open for further replies.
Oct 31, 2014
56
27
6
goseemybits.com
Hello,

Yes we read all the articles on this site, that dealt with bitcoin and we noticed all the flaws of them. Not one of those threads was any relevance to how bitcoins could help you. If you are a cam model or customer of cam models, bitcoin is the best option for you.

Before we get into the bitcoin stuff, we are starting a new adult webcamming platform. The ideas we hope to implement into our site, will probably change webcamming in the years to come. These are bold statements we are making here, our team was using and building platforms for bitcoin in 2012, so we are used to making these bold claims and following through on them.

Now back to bitcoin, so why is the camming community in need of bitcoin? Well for starters when we started to work on this site about 5-6 months ago, we looked at every popular webcamming platform and dissected them. We noticed 3 huge issues and many smaller but important issues that plagued every single one of them, and to be honest, things that can't be overcome without the use of bitcoin.

The first thing we notice was insanely high commissions. Every site was taking almost 50% of their model's paychecks. That is money that shouldn't be taken from people that work extremely hard for it. The reason those commissions are so high is due to one thing, credit card fraud. Now the models have no control over that, yet they are the ones that pay for that fraud if it happens. With bitcoin every transaction is final, no chargebacks can happen thus eliminating the fraud and the high commission. We will launch with the lowest commission rate, and we hope it will continue to fall as we scale the business. Making the models a lot more money from day one.

The second thing is anonymous users. Anonymous users or lurkers as they are sometimes known as, can make up to 1/3 of an audience for webcam shows. Alot of them just don't want to register for an account, or feel unsafe giving a credit card number to a webcamming site. If you could capture that audience you could be making up to 1/3 more a night. Imagine that, in 3 nights you basically made as much as 1 night of camming. With the use of bitcoins, no one is forced to sign up to tip a model, as well as no credit card statement from our site will show up, protecting these types of users. Allowing these lurkers to tip which no site has even thought about trying to capture, our site can capture with little effort to no effort.

And the third thing which is we can send the money to you, wherever you want instantly. No other webcamming site, can even attempt to do that, and we will be paying all transaction fees from our pockets.

There you go, 3 amazing reasons you all should be using bitcoin, but we also know it is a difficult concept to wrap your head around and the bitcoin community is still growing to be more user friendly.

We have also launched an email account, bitcoins@goseemybits.com anyone can email us questions and we will do our best to answer and guide you in the process of using bitcoins.

Also our site has not launched yet, as we are still searching for models to be apart of our site for the launch.

If this community wants to continue a good debate of bitcoins, I be happy to defend or agree as bitcoin is not a flawless currency, just the best option we have today.

Thank you all for your time.
-GoSeeMyBits.com Team
 
Re: We would like to introduce you all to bitcoin... Again..

GoSeeMyBits.com said:
Alot of them just don't want to register for an account, or feel unsafe giving a credit card number to a webcamming site.

As a member, if I feel unsafe giving a credit card number to a webcamming site, why would I feel safe giving it up to a bitcoin site? It's not like I can trundle on down to the corner 7-11 and buy some bitcoins with the cash I removed from my mattress.

If I sound cynical, well that's because I am. If I acquired some bitcoins, what will protect me from another Mt. Gox fiasco? While not perfect, with most credit cards, the consumer's liability is capped at $50.

Anyway, good luck! ;)
 
Re: We would like to introduce you all to bitcoin... Again..

I respectfully disagree with your point about lurkers. The reason lurkers don't tip is not because they fear credit card transactions, it's because they don't want to pay for their porn. We're on the site already performing for "free" (that is, for the tips other people are giving us), so why should they pay us? That seems to be the mentality of 95% of lurkers.

For those who fear credit card fraud there are easier ways around it, such as using cash to buy Visa gift card- type things. Those who want to tip find a way; the rest of them have no intention of doing so.
 
Re: We would like to introduce you all to bitcoin... Again..

schlmoe said:
GoSeeMyBits.com said:
Alot of them just don't want to register for an account, or feel unsafe giving a credit card number to a webcamming site.

As a member, if I feel unsafe giving a credit card number to a webcamming site, why would I feel safe giving it up to a bitcoin site? It's not like I can trundle on down to the corner 7-11 and buy some bitcoins with the cash I removed from my mattress.

If I sound cynical, well that's because I am. If I acquired some bitcoins, what will protect me from another Mt. Gox fiasco? While not perfect, with most credit cards, the consumer's liability is capped at $50.

Anyway, good luck! ;)

Great question! I invite cynical situations as I said before bitcoin is far from being a perfect currency but it is the best option we have today. The community is hard at work making it as perfect, it is a big step in payments, and we have to extend that.

1) Why you should trust bitcoin sites? Sites like coinbase.com and circle.com have millions of dollars behind them and amazing investors behind them that support what they are doing. They also have had 3rd party audits and really are the good actors of bitcoin. The CEO of coinbase, has been doing fraud detection before starting coinbase for airbnb and other sites. The CEO of circle has been a serial entrepreneur since the late 1990's. They also other ways of purchasing bitcoin other than credit cards that's little more safe and secure.

If you want to buy bitcoins from people, face to face, then I suggest using localbitcoins.com, again use at your own risk but using cash to buy bitcoins is the best and most private option to get bitcoins at this point.

2) Preventing a Mt Gox is fairly easy, if you keep bitcoins on your local computer by using an application or site that doesn't have access to your bitcoins, you will never be impacted by those sites if they failed. Just use them to buy and move it off the site when you can. Also the bitcoin community is working on high level cryptographic functions to also detect these bad actor types in the bitcoin community, before they can do anything harmful.

As a site we are working on implementing these cryptographic functions, but our challenge is making them easy enough for our models to understand and use them effectively. Currently our site only holds bitcoins on behalf of the models and not the clients.

Thank you for the luck!
-GoSeeMyBits.com Team
 
Re: We would like to introduce you all to bitcoin... Again..

LilyEvans said:
I respectfully disagree with your point about lurkers. The reason lurkers don't tip is not because they fear credit card transactions, it's because they don't want to pay for their porn. We're on the site already performing for "free" (that is, for the tips other people are giving us), so why should they pay us? That seems to be the mentality of 95% of lurkers.

For those who fear credit card fraud there are easier ways around it, such as using cash to buy Visa gift card- type things. Those who want to tip find a way; the rest of them have no intention of doing so.

That is actually very much a myth, we did encounter a few people that fit into that category but for the most part lurkers want to tip but after the show ends, they don't get converted to use those options. Remember making it easier will bring that to the forefront, people want convenience, the ones that find a way are really rare breed.

JimsX said:
Cam sites taking 50% is due to credit card fraud? Not due to them wanting to make money? :think:

Exactly credit card fraud eat the bottom margins of the profit, and someone has to pay for it. In this case the model would be paying for it with these high commissions.
 
Re: We would like to introduce you all to bitcoin... Again..

I'm curious about your point about lurkers. Can you expand on how you came to it? I've always thought the same as Lily.
 
Re: We would like to introduce you all to bitcoin... Again..

GenXoxo said:
I'm curious about your point about lurkers. Can you expand on how you came to it? I've always thought the same as Lily.

We did market research, we interviewed people that used webcamming platforms, we asked them questions about certain topics including if they were lurkers without using that specific terminology. With that data we then concluded theories on certain topics. Our market sample was very small only 517 people took the interview.

With this data we figured that if the tipping mechanism was more open and more secure, that this would allow more users to tip, they wouldn't have tipped before. Only after we launch will we have the hard data, but this is a promising start to implement it.
 
  • Like
Reactions: Gen
Re: We would like to introduce you all to bitcoin... Again..

GoSeeMyBits.com said:
GenXoxo said:
I'm curious about your point about lurkers. Can you expand on how you came to it? I've always thought the same as Lily.

We did market research, we interviewed people that used webcamming platforms, we asked them questions about certain topics including if they were lurkers without using that specific terminology. With that data we then concluded theories on certain topics. Our market sample was very small only 517 people took the interview.

With this data we figured that if the tipping mechanism was more open and more secure, that this would allow more users to tip, they wouldn't have tipped before. Only after we launch will we have the hard data, but this is a promising start to implement it.

Well that is certainly very interesting! I'm not sure how much I am convinced, but you do have my attention. It does seem to be true that when given the option to pay a reasonable amount for things like movies pirating them tends to decrease, so perhaps there is truth to this.

I have another question for you!

Basically, many people come to us extolling the virtues of accepting Bitcoin. Kudos to you for being perhaps the first to give actual reasons as to why this would be a good idea, beyond just screaming "IT'S THE CURRENCY OF THE FUTURE THE DOLLAR IS DEAD" :lol: However, I (and probably most camgirls) don't know a lot about Bitcoin. On a site the accepts BC payment, would the models need any sort of knowledge of how that system works, or would that all be managed by the site itself? In other words, will the site accept payment in BC, then convert that into other currency to pay the models? Or will you be paying models with BC? Frankly it's the latter that stops me from throwing my full support behind BC-based camsites; I'm just not sure I understand enough about cryptocurrency to feel comfortable with that system. However, if I am getting paid in USD anyway, I don't really care if the members are paying cash, card, Bitcoin, gold bars, or wampum.
 
Re: We would like to introduce you all to bitcoin... Again..

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

AmberCutie said:
LilyEvans said:
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.

Exactly. If I had to accept Bitcoin directly myself, I would probably not ever be interested in that site. But if it's the site accepting Bitcoin and converting payouts I would be VERY interested.
 
Re: We would like to introduce you all to bitcoin... Again..

How will your site be different from all the other bitcoin camsites that failed miserably or just randomly disappeared? Why would models want to join when your site will probably have very little traffic?
 
Re: We would like to introduce you all to bitcoin... Again..

LilyEvans said:
However, I (and probably most camgirls) don't know a lot about Bitcoin. On a site the accepts BC payment, would the models need any sort of knowledge of how that system works, or would that all be managed by the site itself? In other words, will the site accept payment in BC, then convert that into other currency to pay the models? Or will you be paying models with BC? Frankly it's the latter that stops me from throwing my full support behind BC-based camsites; I'm just not sure I understand enough about cryptocurrency to feel comfortable with that system. However, if I am getting paid in USD anyway, I don't really care if the members are paying cash, card, Bitcoin, gold bars, or wampum.

We are glad to have your attention to open this dialog that will hopefully show you, it is another option.

We would love to provide you or any model that would use our site, the ability to transfer the bitcoins to your local currency, that also shows the power of bitcoin. Sadly that would require us to apply and get licenses that would basically cost more than $1 million dollars and that isn't guaranteed that we would be legal in all 50 states.

But we have setup an email address bitcoins@goseemybits.com, to help guide our models or users to the proper websites. So while we can't do that inside our site, we can utilize other sites to do it. If this is something that people want, we be happy to explore these options/sites and maybe even add to the inside of our site.

AmberCutie said:
LilyEvans said:
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.


PunkInDrublic said:
How will your site be different from all the other bitcoin camsites that failed miserably or just randomly disappeared? Why would models want to join when your site will probably have very little traffic?

Well all the other camsites, just took bitcoin and basically inserted into their camsites as another payment option. We are making bitcoin the token, and when that is done we can do a lot more powerful things with it, that only bitcoin can do in a trustless environment. I wish I could tell you our whole vision but as a business we can't. We get that our site will have little traffic to start, we hope to build that out and get right to marketing. We also have the site done and completed, but not launched, we are looking for models that have a decent size fan following that would help us launch.

Also this isn't our first site, and not our first bitcoin site, so we bring a lot more than just we can program sites and understand bitcoin. We know how to scale and grow a business as well.
 
Re: We would like to introduce you all to bitcoin... Again..

I agree that using bitcoins would effectively end fraud and chargebacks as well as eliminate credit card processor and other bank fees. But these advantages would only directly benefit the cam sites and the cam models, they provide no incentive for customers to use bitcoins.

Costumers that are hypersensitive about privacy and/or protecting their financial information are the exact same individuals that are the least likely to use a nontraditional form of currency such as bitcoin.

I don’t want to sound condescending, but how does your plan benefit the customers? You know, the people that pay the bills and keep the lights on.

That’s the fundamental flaw in your business plan. By limiting payment to bitcoins only, you are adding an almost insurmountable barrier to new customers. If you wanted convert existing customers to bitcoins, that’s another story, but you have no existing customers.

I am not disagreeing with you on principle but on practicality.

PS By the way, if you believe you can convert even a tiny percent of the anonymous users and lurkers into paying customers, be prepared to be sorely disappointed.
 
Re: We would like to introduce you all to bitcoin... Again..

ItsBillyBitch said:
I agree that using bitcoins would effectively end fraud and chargebacks as well as eliminate credit card processor and other bank fees. But these advantages would only directly benefit the cam sites and the cam models, they provide no incentive for customers to use bitcoins.

Costumers that are hypersensitive about privacy and/or protecting their financial information are the exact same individuals that are the least likely to use a nontraditional form of currency such as bitcoin.

I don’t want to sound condescending, but how does your plan benefit the customers? You know, the people that pay the bills and keep the lights on.

That’s the fundamental flaw in your business plan. By limiting payment to bitcoins only, you are adding an almost insurmountable barrier to new customers. If you wanted convert existing customers to bitcoins, that’s another story, but you have no existing customers.

I am not disagreeing with you on principle but on practically.

PS By the way, if you believe you can convert even a tiny percent of the anonymous users and lurkers into paying customers, be prepared to be sorely disappointed.

Great amazing high level question! Thank you. Privacy and security are the main factors that benefit the customers, those are two huge issues. If our database gets hacked we don't have any identifying information for the users that tipped, beside a username and hash + individually salted password, and that is if they choose to register on our site if not then we really have no information about them. We feel if we can convert the models to use our site, then the customers will likely follow, I think that is a good theory to go by right now. A good amount of the models use multiple cam sites and a lot of the same fans use those multiple cam sites as well. I promise in the future we will be able to provide more benefits to customers, but we don't want to focus on those features until we implement them and they hinge on other features getting implemented.

To your last comment, no site has tried to convert those people, so it can't hurt. It isn't even a huge issue to try and get them, but we are going to try and capture them, and based on our studies even if we can convert a few a night by having that convince, it is still a huge win for our platform and the models that use it.

If we don't convert a single person with that method, then we still are offering lower commissions than all of the cam sites out there and that means we will still be making more money for the models.

Thank you again for such a great question!
 
  • Like
Reactions: VeronicaChaos
Re: We would like to introduce you all to bitcoin... Again..

first of all, I love your attitude! It's always really nice to see people interested in breaking into the industry act responsible and professional. :thumbleft:

One thing that I'd be very interested in seeing is bitcoin being an alternative form of payment to the site. There could even be "bitcoin tips", similar to how MFC has ninja tips, etc. Camsites can be very social and I bet if you had bitcoin as an alternative option you'd get a lot of people who are hesitant to use bitcoin and spent money via traditional means eventually giving bitcoin a shot to be one of the "cool" kids. I mean it could be as simple as a different color or something, if you wanted to go that route.

I think it'd be hard to start up a site via JUST bitcoins right now, but having the option to use them would be awesome. Also having the option to get paid either by bitcoin or by your local currency would be rad as hell.
 
Re: We would like to introduce you all to bitcoin... Again..

VeronicaChaos said:
first of all, I love your attitude! It's always really nice to see people interested in breaking into the industry act responsible and professional. :thumbleft:

One thing that I'd be very interested in seeing is bitcoin being an alternative form of payment to the site. There could even be "bitcoin tips", similar to how MFC has ninja tips, etc. Camsites can be very social and I bet if you had bitcoin as an alternative option you'd get a lot of people who are hesitant to use bitcoin and spent money via traditional means eventually giving bitcoin a shot to be one of the "cool" kids. I mean it could be as simple as a different color or something, if you wanted to go that route.

I think it'd be hard to start up a site via JUST bitcoins right now, but having the option to use them would be awesome. Also having the option to get paid either by bitcoin or by your local currency would be rad as hell.


Thank you for the warm welcome! We are excited to be going into a new industry!

We also think it is extremely hard to do a bitcoins only webcamming platform, but there has to be one platform that just goes and takes that risk. We are those people who want to take that risk, to venture and disrupt a whole industry with the power of bitcoin. We have great ideas that can only be done with the power of bitcoin, so we respect what you are saying and probably agree on all of it, but we want to be the first to create a big webcam platform that self-sufficient only using bitcoin.

This is where entrepreneurs separate from the people just capitalizing on a new invention.
 
Re: We would like to introduce you all to bitcoin... Again..

Props on not being an asshole when people ask you questions or offer constructive criticism.

But its sad that professionalism is rare enough in these kinds of threads to be worth praise though :(
Im not personally interested in BC at this stage but the manners and spelling are already something you have over the other guys with similar startups :lol:
 
Re: We would like to introduce you all to bitcoin... Again..

Jessi said:
Props on not being an asshole when people ask you questions or offer constructive criticism.

But its sad that professionalism is rare enough in these kinds of threads to be worth praise though :(
Im not personally interested in BC at this stage but the manners and spelling are already something you have over the other guys with similar startups :lol:

Thank you, yes we read those threads, if they were a different way we probably wouldn't have posted here, but we saw a bad experience that we had to right.

Hopefully you will become interested in bitcoins at some point and we will still be here to help!

Sorry for this little ad, but again our twitter and email is open to these questions if you have one that is more personal or feel more comfortable discussing via those mediums.
 
Re: We would like to introduce you all to bitcoin... Again..

I have two questions.

GoSeeMyBits.com said:
The first thing we notice was insanely high commissions. Every site was taking almost 50% of their model's paychecks. That is money that shouldn't be taken from people that work extremely hard for it. The reason those commissions are so high is due to one thing, credit card fraud. Now the models have no control over that, yet they are the ones that pay for that fraud if it happens. With bitcoin every transaction is final, no chargebacks can happen thus eliminating the fraud and the high commission. We will launch with the lowest commission rate, and we hope it will continue to fall as we scale the business. Making the models a lot more money from day one.
And the lowest commision rate is?

GoSeeMyBits.com said:
Also this isn't our first site, and not our first bitcoin site, so we bring a lot more than just we can program sites and understand bitcoin. We know how to scale and grow a business as well.
Could you post a link to the other sites developed by your team?
 
Re: We would like to introduce you all to bitcoin... Again..

MrRodry said:
And the lowest commision rate is?

I don't want to give a hard number currently because we are in talks with some models for the launch and of course we want to repay them for believing in our platform at these early stages with a super low commission rate. I think we can say that our platform will never go above 25% which is a nice 10% away from the next highest level for a webcamming platform. The platform that has the 35% is at that level due to the fact of the scale they have gained.

MrRodry said:
Could you post a link to the other sites developed by your team?

Actually our last site, was rolled into another product, so it isn't viewable and is very different from what we built. It was a big data analyser for bitcoin network data. It would take new bitcoin transactions and blocks, make them searchable in a highly scalable environment, for other sites to use. We sold the underlying technology to another company which then took that and put it into their product.
 
Re: We would like to introduce you all to bitcoin... Again..

AmberCutie said:
LilyEvans said:
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.

Chaturbate allows tokens to be purchased using bitcoins and I wonder how much this facility is used.

I always think an adult friendly version of Paypal would be useful as it can be totally anonymous. I've not looked into bitcoin very much but have been offered it as payment.

I shall watch this thread with interest as, as some of you have already said, this guy can actually spell!
 
  • Like
Reactions: GoSeeMyBits.com
Re: We would like to introduce you all to bitcoin... Again..

RebeccaT said:
AmberCutie said:
LilyEvans said:
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.

Chaturbate allows tokens to be purchased using bitcoins and I wonder how much this facility is used.

I always think an adult friendly version of Paypal would be useful as it can be totally anonymous. I've not looked into bitcoin very much but have been offered it as payment.

I shall watch this thread with interest as, as some of you have already said, this guy can actually spell!

Chaterubate actually took the bitcoin payment option away for what reason, they haven't said.

Bitcoin is not anonymous, it is what we call psuedo-anonymous. Basically in a very quick way is that bitcoin anonymity can be broken depending on if the person was conscious of being anonymous. Anonymity isn't built directly into the bitcoin system.

Thank you, and if you have questions email us or tweet us and we will be happy to guide you into the bitcoin world!
 
Re: We would like to introduce you all to bitcoin... Again..

So when Bitcoin is down in value you will have few models utilizing your site, and when its high in value you will have adequate amount of models camming on your site.
 
  • Like
Reactions: GoSeeMyBits.com
Re: We would like to introduce you all to bitcoin... Again..

I just wanna comment on a few things you have said but i also appreciate your professionalism here. Not one post has come off as attitudey and its refreshing.

You said camsites have not tried to convert lurkers but thats just not true. Being here and seeing new site after new site launched over 4 years several have offered incentives to come join them and be members down to offering them free site currency to do it. The mass majority dont even with that offer. Its free money and they still dont care cause lurkers wanna lurk i believe. Its not about not wanting to sign up as usually the info can be faked and never truly given out. Its not about having to use a credit card to verify age as they have them but just wanna be anon. I understand your survey and what info it gave you but really what guy is just gonna say "i wanna be a cheap ass and not pay for a damn thing. I'll just go room to room till I find a show to jerk it to." For one some guys don't admit to themselves what they're really doing as they don't wanna look at themselves as cheap but also they won't admit to it to someone else either. Lurkers have their reasons for lurking and no matter what you do they will never spend money on us. That's just my personal belief of them as a whole though and my experience as well as reading others over the years.

It's great you're starting off with a higher commission for girls but i dont think the reason some sites take 50% is credit card fraud. I think they want the money and also very successful sites can be costly to run and upkeep is not cheap. I wonder if this has been taken into account by your company how much it's going to be to realistically keep your lights on. Another site i seen started failed to take this into account and it ended with them having laggy cams and terrible feeds as that's all they could afford to do with such high commissions to the girls. They ultimately just shut down a few months ago. I dont think it's CC fraud at all but mostly costs associated with keeping the site running smooth for people. As well as them wanting money. Some sites chargeback any fraud cases to the girls so chargebacks actually cost the site very little and they still have roughly 50% cuts.

Lastly i think you looking to bring girls with a larger fan base over with just the incentive of higher payouts is gonna fail miserably. I speak again from seeing site after site come here and do the same thing and it will not go well. The girls who will even try to come over will only be able to bring some of their crew with them. Some guys will just find a new girl and stay on a site they know and are comfy with. The girl is coming to a site where they have now lost fans and has little to no traffic to get new ones to replace them. She has now lost a noticeable chunk of income and it will likely keep going down as her fans see the site and see her struggling and only a few people are ever there if anyone. They will then all leave (girl included) back to the old site and she and her fans will forever regret going there. It's happened a million times.

Now how do you prevent this little scenario from happening? Well only a few sites have successfully done it havent they. Streamate began by inviting models to join with an hourly pay as well as keeping all tips made during their shifts. The girls both successful with fans and ones who would work to get there gladly joined and worked their asses off to get it better and look at where they are now. I think this is truly what you need to do in order to have any sort of fighting chance. Pay an hourly rate to the girls and they will gladly come and work very very hard for your site. A site that has shown confidence in them by hiring them. They will bring their fans and will work hard on social media to get more and will advertise for you. But you yourself do need to advertise as well places. But yeah as a model i see not one incentive to come to your site or to bring my fans right now. Higher payout means nothing with no traffic. So unless you offer something more than that like hourly rates then i fear many others like me will never give you a shot. Us and our fans will stay where they are in that case. For me personally only an hourly rate would ever even make me consider giving a new site a chance.
 
Re: We would like to introduce you all to bitcoin... Again..

AmberCutie said:
So when Bitcoin is down in value you will have few models utilizing your site, and when its high in value you will have adequate amount of models camming on your site.

Volatility really shouldn't factor to much into people using our site. We totally agree we are going to be having a lot of "phases" from bitcoin being in the news and other things like price surges/drops. But the problem of volatility has really been solved quite nicely by some great services.

One service we are considering pushing models toward using would be gyft. Our only issue with gyft is that they give you gift cards, where if a model made a $1000+ in a night, she probably doesn't want to put that on a gift card. If that is is even possible with their service.

We are looking into converting into local currency, that may have to have something done by the model herself to avoid us having to get those money transmitter licenses that would cost us a lot in legal fees and wouldn't guarantee us a legal status to do that with bitcoins.
 
Re: We would like to introduce you all to bitcoin... Again..

Thank you for some great questions and the time to write this great post!

Teagan_Chase said:
You said camsites have not tried to convert lurkers but thats just not true. Being here and seeing new site after new site launched over 4 years several have offered incentives to come join them and be members down to offering them free site currency to do it. The mass majority dont even with that offer. Its free money and they still dont care cause lurkers wanna lurk i believe. Its not about not wanting to sign up as usually the info can be faked and never truly given out. Its not about having to use a credit card to verify age as they have them but just wanna be anon. I understand your survey and what info it gave you but really what guy is just gonna say "i wanna be a cheap ass and not pay for a damn thing. I'll just go room to room till I find a show to jerk it to." For one some guys don't admit to themselves what they're really doing as they don't wanna look at themselves as cheap but also they won't admit to it to someone else either. Lurkers have their reasons for lurking and no matter what you do they will never spend money on us. That's just my personal belief of them as a whole though and my experience as well as reading others over the years.

We totally agree with you some people are just going to be cheap and there is really no way to change that. I don't know if what we said would work, we would need to launch and figure out the hard numbers if it did, but it is a situation we are ready and willing to take a stab at solving. We think as we get more and more features, people will want to pay.

Teagan_Chase said:
It's great you're starting off with a higher commission for girls but i dont think the reason some sites take 50% is credit card fraud. I think they want the money and also very successful sites can be costly to run and upkeep is not cheap. I wonder if this has been taken into account by your company how much it's going to be to realistically keep your lights on. Another site i seen started failed to take this into account and it ended with them having laggy cams and terrible feeds as that's all they could afford to do with such high commissions to the girls. They ultimately just shut down a few months ago. I dont think it's CC fraud at all but mostly costs associated with keeping the site running smooth for people. As well as them wanting money. Some sites chargeback any fraud cases to the girls so chargebacks actually cost the site very little and they still have roughly 50% cuts.

I am going off the fact that, when you work for a site like this one that takes credit payments, usually you have a risk factor comission. With that you usually say you know between 5%-10% of credit card payments are going to be fraudulently, so if only charge 5% commission you are operating at break even or even a lost. I can comission 5% and with the right scale be able to run the site.

We understand the risk of having a laggy cam feed or the site going down, but we have a great relationship with our datacenter, and we are very passionate about this project. Is it worth it to be more technical in this answer? Let me know we can break down what we are doing to run the site smooth. Also we have a good amount of funding from our last venture so we have a good runway to be profitable.

Teagan_Chase said:
Lastly i think you looking to bring girls with a larger fan base over with just the incentive of higher payouts is gonna fail miserably. I speak again from seeing site after site come here and do the same thing and it will not go well. The girls who will even try to come over will only be able to bring some of their crew with them. Some guys will just find a new girl and stay on a site they know and are comfy with. The girl is coming to a site where they have now lost fans and has little to no traffic to get new ones to replace them. She has now lost a noticeable chunk of income and it will likely keep going down as her fans see the site and see her struggling and only a few people are ever there if anyone. They will then all leave (girl included) back to the old site and she and her fans will forever regret going there. It's happened a million times.

This is a two way relationship, we could in theory get top models with 100,000 fanbase, but with no marketing plan it would fail anyway. So we are looking for models that have a good size fanbase, we aren't ready for the models that have no fanbase. We also have a marketing budget that we will start using once we have models on the site. Again this is a chicken and egg problem, we have to get models, to get users, and we have to get users to get models. It is a hard problem, but we also looking into alternative content. We contacted a girl who does a naked news type show but she has no live streaming.

Ultimately it is going to be girls that are passionate about bitcoins and want to see a site like ours succeed, who are the first models on it.

Teagan_Chase said:
Now how do you prevent this little scenario from happening? Well only a few sites have successfully done it havent they. Streamate began by inviting models to join with an hourly pay as well as keeping all tips made during their shifts. The girls both successful with fans and ones who would work to get there gladly joined and worked their asses off to get it better and look at where they are now. I think this is truly what you need to do in order to have any sort of fighting chance. Pay an hourly rate to the girls and they will gladly come and work very very hard for your site. A site that has shown confidence in them by hiring them. They will bring their fans and will work hard on social media to get more and will advertise for you. But you yourself do need to advertise as well places. But yeah as a model i see not one incentive to come to your site or to bring my fans right now. Higher payout means nothing with no traffic. So unless you offer something more than that like hourly rates then i fear many others like me will never give you a shot. Us and our fans will stay where they are in that case. For me personally only an hourly rate would ever even make me consider giving a new site a chance.

I need to research this out, we never really thought about paying hourly we could certainly try it with some girls to see how it goes, I wouldn't rule this out currently. To be honest I would think models would rather earn tips then get paid hourly without earning tips.

Do other models think this is a good idea or would take up an offer like this?
 
Status
Not open for further replies.