Paying in Crypto, and getting paid in Crypto? For FS and Online services?

[Scottdisick]

What are you thoughts of paying in crypto / getting paid in crypto (for SPs) for Full service and online services (aka onlyfans, videochats etc)

Why?
- FS (held in escrow prior to meeting to prevent scams and for safety for both parties)

- OS (doesn't show up on your credit card for purchasers) (SPs can choose to distribute their funds wherever they want via crypto)

 

[Hawker17]

What are you thoughts of paying in crypto / getting paid in crypto (for SPs) for Full service and online services (aka onlyfans, videochats etc)

Why?
- FS (held in escrow prior to meeting to prevent scams and for safety for both parties)

- OS (doesn't show up on your credit card for purchasers) (SPs can choose to distribute their funds wherever they want via crypto)

Some will say its not a good time to pay with crypto, but its a great time to accumulate it. I do tip my regular sp in crypto

 

[80watts]

Unless crypto becomes secured by some type of revenue, or asset that has real world value, crypto is just a fad for people hoping it always goes up (ie you are selling it to another person who thinks it has value). It is really like those dot com stocks, which are now worthless.
The real reason people like crypto, is that it is anonymous, and can't be tracked by governments. It will always have great gains and very sharp drops due to the instability of its own market. Also there are so many cryptos out there now, how do you choose.
It seems to me that when doing taxes, crypto is a loss for a company that accepts it, there is no other way to write it or get it on the books. Best way to say, is how does a business use crypto, and does it have crypto on its books? For example pizza company allow crypto for purchase, does the ingredients get written off as waste, even though a pizza was made and delivered.... If crypto is accepted and is on the books, what happens when that crypto goes up? Do you have to pay capital gains on it? Better to keep it off the books, but your loss of the pizza, write off as spoiled food... Criminal isn't it...

 

[vanperb]

The real reason people like crypto, is that it is anonymous, and can't be tracked by governments.

Not true. By definition blockchain is an open source public ledger. Your account and entire transaction history is open to the public to see. Connecting the dots between a wallet identity while difficult is not impossible. It's as securely anonymous as your perb handle, in fact, probably less so. A lot of crypto exchanges and indexes require authenticated identity before they let you open an account.

 

[80watts]

Not true. By definition blockchain is an open source public ledger. Your account and entire transaction history is open to the public to see. Connecting the dots between a wallet identity while difficult is not impossible. It's as securely anonymous as your perb handle, in fact, porbably less so. A lot of crypto exchanges and indexes require authenticated identity before they let you open an account.

Nope.

 

[oldshark]

From what little I have done with crypto it seems that the companies running it are anxious to keep your money tied up in it. Bit of a hassle actually doing any sort of purchases except for providers. Far more sticky than cash. I have tried Binance but it is clunky. Does anyone recommend a better 'wallet' that is actually useful for purchases or transfers? Forgive my ignorance.

 

[ExpCharlee]

I was forced to buy crypto for the first time the other day because leolist is ONLY taking crypto now, and it was a fucking hassle and not worth it and I'm mad about it. GRRRRR. Also crypto is bad for the environment. However, with major credit cards pulling out of the adult industry due to FOSTA/SESTA we might not have another choice soon when it comes to advertising. I claim 100% of my income though and I intend to continue to do so, crypto makes that so annoying

 

[angry anderson]

I was forced to buy crypto for the first time the other day because leolist is ONLY taking crypto now, and it was a fucking hassle and not worth it and I'm mad about it. GRRRRR. Also crypto is bad for the environment. However, with major credit cards pulling out of the adult industry due to FOSTA/SESTA we might not have another choice soon when it comes to advertising. I claim 100% of my income though and I intend to continue to do so, crypto makes that so annoying

Well, if you wait a week, buying with crypto is becoming more of a deal. Soon to be valued against the Mexican peso.

 

[stuntin]

Unless crypto becomes secured by some type of revenue, or asset that has real world value, crypto is just a fad for people hoping it always goes up (ie you are selling it to another person who thinks it has value). It is really like those dot com stocks, which are now worthless.
The real reason people like crypto, is that it is anonymous, and can't be tracked by governments. It will always have great gains and very sharp drops due to the instability of its own market. Also there are so many cryptos out there now, how do you choose.
It seems to me that when doing taxes, crypto is a loss for a company that accepts it, there is no other way to write it or get it on the books. Best way to say, is how does a business use crypto, and does it have crypto on its books? For example pizza company allow crypto for purchase, does the ingredients get written off as waste, even though a pizza was made and delivered.... If crypto is accepted and is on the books, what happens when that crypto goes up? Do you have to pay capital gains on it? Better to keep it off the books, but your loss of the pizza, write off as spoiled food... Criminal isn't it...

Crypto is not anonymous and can definitely be tracked. You replied nope to vanperb but all he did was lay out facts.

Also, when accepting crypto as a payment you do not keep it in your account as a crypto currency but rather convert it to a stable coin so that your balance does not fluctuate.

 

[stuntin]

I was forced to buy crypto for the first time the other day because leolist is ONLY taking crypto now, and it was a fucking hassle and not worth it and I'm mad about it. GRRRRR. Also crypto is bad for the environment. However, with major credit cards pulling out of the adult industry due to FOSTA/SESTA we might not have another choice soon when it comes to advertising. I claim 100% of my income though and I intend to continue to do so, crypto makes that so annoying

If you're showing income anyways then use something like netcoins which connects to your bank (theres many more but thats just an example). Once you accept bitcoin for example, exchange it for Canadian currency and transfer it to your bank account.

 

[Hawker17]

I was forced to buy crypto for the first time the other day because leolist is ONLY taking crypto now, and it was a fucking hassle and not worth it and I'm mad about it. GRRRRR. Also crypto is bad for the environment. However, with major credit cards pulling out of the adult industry due to FOSTA/SESTA we might not have another choice soon when it comes to advertising. I claim 100% of my income though and I intend to continue to do so, crypto makes that so annoying

Unless crypto becomes secured by some type of revenue, or asset that has real world value, crypto is just a fad for people hoping it always goes up (ie you are selling it to another person who thinks it has value). It is really like those dot com stocks, which are now worthless.
The real reason people like crypto, is that it is anonymous, and can't be tracked by governments. It will always have great gains and very sharp drops due to the instability of its own market. Also there are so many cryptos out there now, how do you choose.
It seems to me that when doing taxes, crypto is a loss for a company that accepts it, there is no other way to write it or get it on the books. Best way to say, is how does a business use crypto, and does it have crypto on its books? For example pizza company allow crypto for purchase, does the ingredients get written off as waste, even though a pizza was made and delivered.... If crypto is accepted and is on the books, what happens when that crypto goes up? Do you have to pay capital gains on it? Better to keep it off the books, but your loss of the pizza, write off as spoiled food... Criminal isn't it...

It can be a challenge to buy crypto the first time, but it will get easier, i hope you had some help from someone as there is some huge important things when going into cryptoland

Also a question what crypto is LL only accepting? I would use litecoin if possible

 

[angry anderson]

If you're showing income anyways then use something like netcoins which connects to your bank (theres many more but thats just an example). Once you accept bitcoin for example, exchange it for Canadian currency and transfer it to your bank account.

Once you accept bitcoin for example, exchange it for Canadian currency and transfer it to your bank account.

Which ironically is the only way they can put a value on it. Because it has absolutely no intrinsic value in of itself.

 

[vanperb]

I was forced to buy crypto for the first time the other day because leolist is ONLY taking crypto now, and it was a fucking hassle and not worth it and I'm mad about it. GRRRRR. Also crypto is bad for the environment. However, with major credit cards pulling out of the adult industry due to FOSTA/SESTA we might not have another choice soon when it comes to advertising. I claim 100% of my income though and I intend to continue to do so, crypto makes that so annoying

The ding on every intermediate transaction and conversion cost is also brutal. I'd feel better just Fedex'ing cash in a blank envelope to someone.

 

[Asian Fever]

Nope.

Nothing incorrect about his statement unless you are using something like Monero, or mixing coins etc

Still a hell of a lot better than e-transfer which I can't believe people do, as it gives the full name of the sender to the SP, and the SP name to the client in the confirmation emails.

 

[Asian Fever]

What are you thoughts of paying in crypto / getting paid in crypto (for SPs) for Full service and online services (aka onlyfans, videochats etc)

Why?
- FS (held in escrow prior to meeting to prevent scams and for safety for both parties)

- OS (doesn't show up on your credit card for purchasers) (SPs can choose to distribute their funds wherever they want via crypto)

Our girls will take crypto. Payment in advance and fully confirmed prior to the apt.

BTC/LTC/ETH/DOT/SOL/BNB/DOGE

 

[Ame123]

I used trust wallet to move my money into crypto and now my 5000 US dollars is stuck in no where land when I tried to remove it 10 days now. So no SP for me

 

[raulg]

Unless crypto becomes secured by some type of revenue, or asset that has real world value, crypto is just a fad for people hoping it always goes up (ie you are selling it to another person who thinks it has value). It is really like those dot com stocks, which are now worthless.
The real reason people like crypto, is that it is anonymous, and can't be tracked by governments. It will always have great gains and very sharp drops due to the instability of its own market. Also there are so many cryptos out there now, how do you choose.
It seems to me that when doing taxes, crypto is a loss for a company that accepts it, there is no other way to write it or get it on the books. Best way to say, is how does a business use crypto, and does it have crypto on its books? For example pizza company allow crypto for purchase, does the ingredients get written off as waste, even though a pizza was made and delivered.... If crypto is accepted and is on the books, what happens when that crypto goes up? Do you have to pay capital gains on it? Better to keep it off the books, but your loss of the pizza, write off as spoiled food... Criminal isn't it...

You clearly don't understand the changing financial landscape. Take some time to research a bit and go down the rabbit hole.

 

[raulg]

I used trust wallet to move my money into crypto and now my 5000 US dollars is stuck in no where land when I tried to remove it 10 days now. So no SP for me

"Crypto" is general. Which particular one did you swap your USD 5k into?

 

[vanperb]

Nothing incorrect about his statement unless you are using something like Monero, or mixing coins etc
Still a hell of a lot better than e-transfer which I can't believe people do, as it gives the full name of the sender to the SP, and the SP name to the client in the confirmation emails.

I got grandfathered into a situation where only my nickname shows up on sending etransfers. When receiving, you can set up something close if you don't do auto deposit. Once you set up auto deposit, you full name is visible.

 

[Asian Fever]

Unless crypto becomes secured by some type of revenue, or asset that has real world value, crypto is just a fad for people hoping it always goes up (ie you are selling it to another person who thinks it has value). It is really like those dot com stocks, which are now worthless.
The real reason people like crypto, is that it is anonymous, and can't be tracked by governments. It will always have great gains and very sharp drops due to the instability of its own market. Also there are so many cryptos out there now, how do you choose.
It seems to me that when doing taxes, crypto is a loss for a company that accepts it, there is no other way to write it or get it on the books. Best way to say, is how does a business use crypto, and does it have crypto on its books? For example pizza company allow crypto for purchase, does the ingredients get written off as waste, even though a pizza was made and delivered.... If crypto is accepted and is on the books, what happens when that crypto goes up? Do you have to pay capital gains on it? Better to keep it off the books, but your loss of the pizza, write off as spoiled food... Criminal isn't it...

USD isn't secured by an asset. The gold standard is long gone. Not really sure how it's any different.