If Satoshi Nakamoto, the creator of bitcoin, had gone out on a Tinder date with Stormy Daniels—they might have had sushi, gone to a karaoke bar, and really hit it off. What could have happened next? Possibly the creation of the most intriguing cryptocurrency yet to appear—Vice Industry Tokens (vice tokens), which bills itself as “The Revolutionary Adult Cryptocurrency.”
It is a virtual currency and erotica access platform with many redeeming features—including the possibility that users will get paid to watch pornography—in virtual currency (tokens). It’s certainly an intriguing idea, in theory, but will it really provide a satisfying experience, will it have staying power, or will it just fizzle out, like so many other virtual currencies?
The creation of vice tokens has its roots in the explosion of free pornography on the web, which is dealing a hard blow to America’s adult industry. Convincing the emerging generations, who have essentially grown up with free porn and tube sites (YouTube, YouPorn, etc.), to pay for products they already consume for free is nearly impossible.
So, these days the question many adult entertainment companies face isn’t how to profit, but how to survive—and the answer may be in cryptocurrency.
Vice Industry Token Inc. advertises the ability to go beyond free porn. They spell it out on their website: “Free was good, it’s just not good enough anymore. Get paid to watch porn.”
In order to get paid, users will have to participate and engage in more than their own sexual gratification. The CEO, Stuart Duncan, who has over a decade of experience in the adult industry, explains his revolutionary concept behind offering consumers the ability to get paid for their porn consumption, using blockchain technology to ensure it.
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