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WestlinnDuck
Member Posts: 15,731 
in Tug Tavern
Have mixed feelings about the sex trade. At the high end, less abuse and drug use and the women involved are doing so on their own prerogative. The rest is pretty sleazy at best and at the worst just human trafficking of degraded and drugged up women (largely).
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1649074285
Bitcoin has become a lifeline for sex workers, like this former nurse who made $1.3 million last year
Allie Eve Knox creates adult content.
She makes sexually provocative videos, sells subscription services on platforms like OnlyFans, performs live via webcam, and works as a findomme – short for financial dominatrix, a fetish involving dominance-submission dynamics and cash.
The Texas native is also a major advocate of cryptocurrency.
Knox describes herself as “one of the most outspoken sex workers, particularly for crypto.” Her interest kicked off in 2014, which is when she says several vendors, including PayPal, Square Cash, and Venmo, shut down her accounts because of red flags related to sex work.
So Knox started accepting cryptocurrencies instead. Her first exchange of bitcoin for content was pretty casual.
It started on a Skype call with a client. “I had a Coinbase account at the time, and he said, ‘Hold your QR code right to this camera here,’ and he sent it through the camera. And I got it,” she explained.
It took 15 minutes, and there were no chargebacks, no website commission fees, and no bank intermediaries to turn down the transaction – all major pluses in her industry. But the biggest attraction was having total and irreversible ownership over the money she had earned.
“I could cash it out. I could hold it. I could watch it go up and down,” said Knox.
“It was mine.” ...
“The majority of sex work in the U.S. is legal. It’s not dealt with fairly, but it’s still legal,” explained Kristen DiAngelo, an activist and Sacramento-based sex worker who has spent over four decades in the industry. “Stripping is legal…massage is legal…escorting is legal. The only thing that’s really illegal in the U.S. is the honest exchange of sexual activity for remuneration, for money.”
Some escorts – who charge anywhere from $1,700 an hour to $11,000 for a full 24 hours – now explicitly say in their ads that they prefer to be paid in bitcoin or ethereum.
The sex work industry also includes performers on the popular subscription video site OnlyFans, many of whom work exclusively online and have never seen their subscribers or fans in person.
Allie Rae is a 37-year-old mother of three boys who says she went from making about $84,000 a year as an ICU nurse in Boston to $1.3 million, thanks to her work on OnlyFans, which has more than 130 million users.
Last August, Rae didn’t know a lot about cryptocurrency, nor did she accept it for her work, but she was convinced that bitcoin and other altcoins were “100% the future,” because they seemed like a far more secure method of payment.
At the time, OnlyFans was navigating a publicity nightmare. After banks started flagging and rejecting transactions on the site, OnlyFans announced plans to ban sexually explicit content, its core product. The decision was met with such blowback that OnlyFans reversed course within days.
The whole episode gave whiplash to OnlyFans performers, some of whom realized that they were just one company policy change away from financial ruin.
Rae, a star of the OnlyFans ecosystem, was spooked, telling CNBC that she felt “kicked to the curb,” and never wanted to be put in that position again.
So she took action.
She started with the basics, teaching herself the fundamentals of crypto, then decided to put real skin in the game by assembling a team of developers to build WetSpace, a cryptocurrency-powered adult entertainment platform, into which she has vowed to invest $1 million of her own money. As Rae describes it, WetSpace will be a place where creators don’t have to worry about “big banking restrictions and payouts.”
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1649074285
Bitcoin has become a lifeline for sex workers, like this former nurse who made $1.3 million last year
Allie Eve Knox creates adult content.
She makes sexually provocative videos, sells subscription services on platforms like OnlyFans, performs live via webcam, and works as a findomme – short for financial dominatrix, a fetish involving dominance-submission dynamics and cash.
The Texas native is also a major advocate of cryptocurrency.
Knox describes herself as “one of the most outspoken sex workers, particularly for crypto.” Her interest kicked off in 2014, which is when she says several vendors, including PayPal, Square Cash, and Venmo, shut down her accounts because of red flags related to sex work.
So Knox started accepting cryptocurrencies instead. Her first exchange of bitcoin for content was pretty casual.
It started on a Skype call with a client. “I had a Coinbase account at the time, and he said, ‘Hold your QR code right to this camera here,’ and he sent it through the camera. And I got it,” she explained.
It took 15 minutes, and there were no chargebacks, no website commission fees, and no bank intermediaries to turn down the transaction – all major pluses in her industry. But the biggest attraction was having total and irreversible ownership over the money she had earned.
“I could cash it out. I could hold it. I could watch it go up and down,” said Knox.
“It was mine.” ...
“The majority of sex work in the U.S. is legal. It’s not dealt with fairly, but it’s still legal,” explained Kristen DiAngelo, an activist and Sacramento-based sex worker who has spent over four decades in the industry. “Stripping is legal…massage is legal…escorting is legal. The only thing that’s really illegal in the U.S. is the honest exchange of sexual activity for remuneration, for money.”
Some escorts – who charge anywhere from $1,700 an hour to $11,000 for a full 24 hours – now explicitly say in their ads that they prefer to be paid in bitcoin or ethereum.
The sex work industry also includes performers on the popular subscription video site OnlyFans, many of whom work exclusively online and have never seen their subscribers or fans in person.
Allie Rae is a 37-year-old mother of three boys who says she went from making about $84,000 a year as an ICU nurse in Boston to $1.3 million, thanks to her work on OnlyFans, which has more than 130 million users.
Last August, Rae didn’t know a lot about cryptocurrency, nor did she accept it for her work, but she was convinced that bitcoin and other altcoins were “100% the future,” because they seemed like a far more secure method of payment.
At the time, OnlyFans was navigating a publicity nightmare. After banks started flagging and rejecting transactions on the site, OnlyFans announced plans to ban sexually explicit content, its core product. The decision was met with such blowback that OnlyFans reversed course within days.
The whole episode gave whiplash to OnlyFans performers, some of whom realized that they were just one company policy change away from financial ruin.
Rae, a star of the OnlyFans ecosystem, was spooked, telling CNBC that she felt “kicked to the curb,” and never wanted to be put in that position again.
So she took action.
She started with the basics, teaching herself the fundamentals of crypto, then decided to put real skin in the game by assembling a team of developers to build WetSpace, a cryptocurrency-powered adult entertainment platform, into which she has vowed to invest $1 million of her own money. As Rae describes it, WetSpace will be a place where creators don’t have to worry about “big banking restrictions and payouts.”
Comments
We must get to the bottom of this