[vortico]

The customer doesn't need to use crypto for rent or milk. And the customer shouldn't care about the idea of paying content producers directly, that's not the point.

The customer uses a fiat -> crypto exchange/wallet combo service, sends a payment in crypto to the content producer, the content producer exchanges it back to fiat currency. The overhead of this is much less than 30-60% as mentioned in the article, and it's an extra 10 minutes of effort required by the customer, which is nearly identical to the 8 minutes of effort to type a credit card directly into the payment provider.

With this approach, the content producers win big time, and the customers lose 2 minutes, which can be further minimized by laymen-friendly online crypto wallets.

[pavel_lishin]

Right, sorry, I wasn't clear. The producer is the one who's going to have a problem.

If I'm SquirtyBoy on PornoTron, I still have to convert BitCoin/Ethereum/Whatever into cash so my landlord doesn't kick me out onto the street.

(Unless you mean consumers should be paying PornoTron in cryptocurrency, which PornoTron then exchanges into fiat currency, and then pays SquirtyBoys in that. I think I mistook what you meant by "middle men" - I thought you meant things like PornTube, whereas you apparently meant Stripe/Paypal/etc.)

[vortico]

No company that accepts Bitcoin I'm aware of holds cryptocurrency for more than a day. Even my own company cashes out in a matter of hours via BitPay. Of course, they would exchange every day to their USD bank account. This is completely automated at such companies.

See the article for what I mean by middlemen. Stripe/Paypal are not middlemen for adult entertainment companies.

[pavel_lishin]

Yeah, I was just using Stripe/Paypal as an example of an payment intermediary. What you're saying makes a lot more sense to me now.