Quote:
Originally Posted by lavajumper
Sexcoin was created because of a few reasons. One was that bitcoin was attempting to distance itself from 'nefarious' activities.
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Bitcoin isn't an individual who can "distance itself." You may have perceived this sentiment among a particular group of Bitcoin users, but it isn't indicative of Bitcoin as a whole.
Quote:
Originally Posted by lavajumper
Another was that bitcoin's confirm times were wholly unacceptable for a business such as adult web sites... coinbase was not on the map and bitpay was too complicated; so confirm times were paramount.
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What is wrong with the confirmation times? How is it different from sites that give you credits in exchange for dollars? Once the funds are deposited, the site operator can interact with his customer without waiting for confirmations. And I don't mean coinbase or bitpay; if you want dollars, just accept dollars. Plus, transactions are practically instantaneous; even before it gets included in a block, you can see how likely it is to get confirmed (was a miner's fee included?) For low value transactions, this is more than adequate.
Quote:
Originally Posted by lavajumper
IF a person wanted to switch out, then they could convert to bitcoin ( or USD for that matter ).
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Exactly -- and this works the other direction. Nobody is going to buy sexcoin directly; they will buy bitcoin first, and then exchange it for sexcoin (they won't actually -- this is a hypothetical). So then, what is the point of converting to sex coin? Are people going to set aside a certain amount of funds for their porn viewing? No -- they're going to (again hypothetically; nobody is going to actually buy these things) convert at the last minute, exactly enough for the particular service they are about to purchase. With no reason to save (hoard, amass) sexcoin, its price will experience a constant downward pressure as new coins are generated and as
services are rendered.