Sexcoin: Not your usual Cryptocurrency
SXC is one of the few currencies to rate a mention by the Washington Post, CNN Money and International Business Times. Max Keiser host of the financial program “The Keiser Report” stated “Sexcoin is the first industry specific crypto that has billion dollar blockbuster encrypted all over it.” Sexcoin is gaining attention outside of the cryptocommunity because it offers something most alternatives to Bitcoin don’t … A solid business model.
The cryptocurrency market is saturated with hundreds of Bitcoin alternatives. While this provides a testing ground for innovative features, many rely on rarity or popularity for value. Every one of them competes with Bitcoin, although it’s code can be updated to include most features if an alternative begins to seriously threaten it’s market. Relatively few of them are accepted by real world businesses, and those that do are plagued by the same problems that challenge adoption of Bitcoin itself. Lacking the popularity, development and infrastructure of Bitcoin they are unlikely to out compete it.
When you consider a real world good, such as a pizza, it requires a time sensitive delivery. At the point of delivery traditional payment methods such as cash, EFTPOS or credit card are not only well established and more convenient to the consumer, but preferable to the merchant as the volatility of cryptocurrency can lead to significant losses and pose significant risk. While speculators can wait for the value of a currency to recover, businesses need to replace stock, or consumables and materials as well as cover their operating costs immediately. For these reasons cryptocurrency provides no advantage, is high risk and is unlikely to be adopted as more than a gimmick.
Statistics show that the Adult entertainment Industry has an annual global turnover of 96 billion dollars, with 28,258 internet users viewing adult material every second which are essentially digital goods. These goods are generally worth little per item, which makes industry the eminently suitable for adoption of the microtransactional business model. Due to fees charged on each transaction with traditional payment systems the industry has struggled to adopt a microtransactional business model, which has been so successful in other online entertainment industries such as gaming and music and in some cases credited with reviving them. The microtransactional business model is also more attractive to the consumer as they are no longer fettered by time constraints imposed by the subscription business model, and can pay for only the content they want, when they want.
The microtransactional business model can be adopted in addition to the existing subscription model. As such it presents to the provider a low risk way of accepting additional payments, and increasing their customer base. It has the potential to allow customers to purchase material from promotional pages affiliated to the site, increasing points of sale.
In the case of Sexcoin gaining wide spread adoption for digital goods in the adult industry, not only is there reduced risk of accepting payment despite market volatility because the goods are virtual, but the industry has struggled with traditional payment methods. The use of credit cards has left the industry open to “friendly fraud” whereby customers charge back payments and “unfriendly fraud” whereby stolen credit card details are used as payment to check their validity. With banks charging fees to the content provider when this occurs, the Adult Industry is essentially high risk and has had difficulty with banks refusing to help them in their commerce. Providers of adult material have unsuccessfully searched for alternative payment systems.
The industry has in some cases adopted Bitcoin as a payment option because it eliminates this problem entirely, however while SXC has not been crafted as a global currency for all transactions and cannot compete with Bitcoin in this purpose, It has been designed and branded specifically for this niche, and out performs and can out compete Bitcoin within it. SXC is not designed for speculation as a digital commodity and does not depend on rarity for value. It is designed for commerce with enough coins being generated to make it more affordable per unit and more easily obtained by the consumer. SXC is ten times faster to confirm than Bitcoin, but the block time is slow enough to ensure the data from commerce is propagated throughout the network. It does not use experimental algorithms which may lead to instability, but relies upon proven ASIC resistant scrypt.
Exchange List: http://www.sexcoinforum.org/index.php?topic=479.0
List of Commercial Sites: http://www.sexcoinforum.org/index.php?topic=481.0
List of Mining Pools: http://www.sexcoinforum.org/index.php?topic=449.0
Online Wallets: https://sxcwallet.com/
Block Explorer: http://sxcexplorer.com/
Profitability Calculator http://www.outhashed.com/
Web Proxy http://stealthx.me/
Sexcoin Bootstrap http://datajumper.com/
Merchant Tools: https://coinpayments.net/ Payment Processing
Official Sexcoin Website: http://sex-coin.info
Official Sexcoin Forum: http://www.sexcoinforum.org
Facebook : https://www.facebook.com/pages/Sexcoin/334179413387490
Sexcoin Twitter Account: @SexcoinTeam https://twitter.com/SexcoinTeam
Sexcoin NSFW Twitter Account: @Sexcoin_NSFW https://twitter.com/Sexcoin_NSFW
Reddit http://www.reddit.com/r/girlsgonesexcoin/ 18+! NSFW
Performers Forum: http://www.sxcladies.com/
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