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Since the inception of Bitcoin in 2009, cryptocurrency largely remained a topic for early adopters and enthusiasts. However, by April 2017, cryptocurrencies experienced a surge in popularity, capturing the attention of a broader audience from students to professionals across various fields.
The conversation around cryptocurrency became ubiquitous, and the adult entertainment industry was no exception. With the industry's history of embracing and propelling new technologies to the mainstream, it was no surprise that blockchain and cryptocurrency became hot topics.
Altcoins such as Titcoin, XXXcoin, and Spankchain emerged, highlighting the industry's foray into leveraging blockchain for more than just payment methods. Innovators within this space were exploring applications for blockchain in video streaming, content distribution, and even affiliate marketing.
Industry experts predict that adult content platforms might adopt decentralized storage protocols to improve video delivery. The move towards decentralization could also provide greater accessibility in regions where adult content faces more stringent regulations, enhancing privacy for both uploaders and viewers.
While the exact number of adult sites accepting cryptocurrencies is unknown, there's optimism about widespread adoption. Estimates suggest that by the end of 2018, a significant portion of adult content sites could accept cryptocurrency, with industry leaders setting the trend for smaller platforms to follow.
Opinions are divided on whether the adult industry will drive or follow the broader market in cryptocurrency adoption. However, the industry's historical influence on technology acceptance cannot be ignored.
Areas predicted to see significant change due to blockchain include video streaming, content hosting, and distribution. Additionally, the prospect of cloud computing advancements could revolutionize virtual reality experiences.
Smart contracts are expected to enable personalized content, improved tipping systems, and fraud prevention. The most popular concept among respondents is 'Crowdfunded Porn', highlighting the potential for audience-driven content creation funded through blockchain.
Concerns arise over the need for creator education on cryptocurrency management and the transparency of fee structures. Addressing these issues is crucial for maintaining trust and sustainability within the industry.
Respondents believe blockchain can improve the distribution of adult products, enhancing security, tracking, and reducing administrative costs.
Contributors to our survey include notable figures from the adult and blockchain industries, whose insights have added depth to this discussion.
We welcome ongoing contributions to our survey and will update this article to reflect new perspectives and predictions in the dynamic intersection of cryptocurrency and the adult entertainment industry.
Artwork by: Anthony van Hamond Music by: Abel & Faberyayo