Quote Originally Posted by donkdowndonedied View Post
Quote Originally Posted by 4Dragons View Post


I have a direct pay add-on for websites that is set-up for accepting Bitcoin payments for either digital downloads or placing website advertisements.
It is easy as shit to support bitcoins. The problem is that cmoney is talking about porn and recurring payments. Thats how the porn business works AFAIK. That is a whole different game. You can't just externally request bitcoins from a wallet. I have to have a wallet and send funds from it. THe only way this works with recurring payments is if the wallet is kept funded. So basically you'd end up with another wallet site, and just support recurring payments from it. Then the porn site would have to require you to use that speciifc wallet. I don't see that happening anytime soon.... Who is going to want to use a BTC wallet site because it supports porn sites ? It might be a million dollar idea down the road, but I think there are a lot more better opportunities at the moment.
Recurring billing is dying. Porn money now in pay per minute videos, phone, and webcam. BTW several sites are already using bitcoin for such features.

I disagree though that market prices are a result of manipulation (although I think they can be contributing and almost 100% certain that the unregulated markets are scamming users in numerous ways). The guys who post on the bitcoin forums are the same morons who got scammed by the matrix website craze 10 years ago. The average supporter of bitcoins has very little economic knowledged. Yes there are some great minds there but they are far and few between. The rise in bitcoins prices IMO has largely been to ignorant greed. The most recent spike seems to be related to it being spread into the asian market and being treated like a casino.

Even if bitoins did provide a use they have no unique advantage over many other crypto currencies and are seen inferior in numerous ways. I think their true value is at most 5 bucks a pop. Probably much less though as I feel they have no lasting appeal.