Porn Site Tube8 Will Pay You Crypto for Watching Porn
It could be the best news in the history of the internet. Pornhub subsidiary Tube8 just announced plans to pay users crypto in exchange for watching pornography.
With over 150 million page views per month, Tube8 is one of the leading websites in the Pornhub family. Now, Tube8 wants to reward your porn-viewing habits with cryptocurrency. To do that, Tube8 is moving its entire platform on the blockchain.
The news comes from Hard Fork, a subsidiary of The Next Web, which claims to have received an exclusive note.
“…the company revealed it has entered an agreement with Vice Industry Token (VIT) that will see its platform entirely tokenized. The collaboration will enable users to earn VIT tokens for streaming and interacting with Tube8 videos.”
Tube8 is expected to implement VIT into its ecosystem before the end of 2018. If successful, the implementation would make Tube8 the first major adult platform to adopt a token-based reward system and legitimately reward its users for watching pornography.
You know there’s a catch. Of course there’s a catch. So what’s the catch?
What’s The Catch?
“For as long as I can remember, getting paid to watch porn was always a pipedream; one that was always dreamed about, but never fully realized,” Tube8 spokesperson Robin Turner told Hard Fork in their exclusive interview. “Now however, with the introduction of VIT, we are marking a paradigm shift in how people consume adult entertainment,”
Instead of forcing users to pay money to consume content, Tube8 will pay users to consume free content. The more porn you watch, the more money you’ll earn.
What’s The Catch?
Tube8 has not yet released details of the program or how it will work. However, we expect there to be one big catch: the platform would likely set certain reward limits to prevent users from gaming the system for profit.
However, Tube8 claims there won’t be a “catch” in terms of spending and using the Vice Industry Token. There won’t be any additional fees, for example, or high minimum withdrawal limits that would prevent users from accessing their legitimately-earned tokens.
So why would Tube8 and Vice Industry Token partner? How is anyone earning money in exchange for you watching porn?
Well, it’s important to note that you’re not getting paid money. You’re getting paid Vice Industry Tokens, which are arbitrary digital tokens created on the VIT blockchain. Their value is derived entirely from what people are willing to pay for the token. If Tube8 and VIT give away too many tokens, and the token reward system is unlimited, then the tokens will quickly lose their value.
Tube8 and VIT also expect the token-based incentive system to foster interaction within the community:
“VIT offers Tube8 a way to reward their viewers by monetizing content through the VIT protocol,” Tube8 told Hard Fork in the interview. “Whereas before users would log in, watch a few videos and leave, VIT incentivizes them to create an account and interact with the content to generate Vice Tokens.”
Anyone will be able to earn VIT and anyone will be able to buy VIT. It will be the first token designed specifically to tokenize the consumption of adult content on tube sites like Tube8.
This Isn’t The First Major Partnership Announced by Vice Industry Token
Vice Industry Token (VIT) has previously made headlines across the adult entertainment community.
Earlier this year, VIT collaborated with Stormy Daniels, the former porn star and current stripper who was famously bribed by Donald Trump’s legal team to keep quiet prior to the 2016 election.
Vice Industry Token’s team also made headlines when Playboy announced plans to integrate the token back in May. However, Playboy’s plans for VIT implementation later fell through. In fact, Playboy has filed a lawsuit against the team that was scheduled to implement VIT into Playboy’s ecosystem – Global Blockchain Technologies (BLOC).
Tube8 has 10 million registered users and 150 million page views per month. It’s one of the largest and best-known tube sites on the internet today. By combining the tube site with cryptocurrency, Vice Industry Token’s team could have a home run.
Does VIT Have The Capacity For Tube8’s Traffic?
Tube8 has 150 million monthly visitors. Does Vice Industry Token have the capacity to handle this type of traffic? Does any blockchain have the capacity to handle the monthly load of a porn website?
Ethereum, for example, can handle just 15 transactions per second, while BTC can handle about 7. That’s far fewer than what’s needed on a website like Tube8.
Vice Industry Token has plans to scale to accommodate modern adult entertainment websites. The development team plans to migrate to a forked version of the Steem blockchain (Graphene), which can purportedly handle 100,000 transactions per second.
The VIT token itself, meanwhile, is an ERC20 token on the Ethereum blockchain, which means it’s unlikely to be able to handle the capacity of Tube8 in its current form.
The VIT development team will need to solve these problems going forward. Fortunately, the VIT Steem blockchain hard fork is in active development. The team is working to make it bug free before migrating the token to the VIT mainnet.
Which Tube Site Will Be Next To Implement Crypto?
Tube8 is a subsidiary of Pornhub. If token integration is successful on Tube8, then it’s not a stretch to suggest that the entire Pornhub network could be next. That network includes major names like YouPorn and RedTube, along with the flagship website Pornhub.
That could potentially represent enormous traffic on the VIT network. Tube8 amasses a modest 150 million monthly visitors. YouPorn, however, brings in almost 360 million monthly visitors. RedTube has 510 million, and Pornhub gets a whopping 2.8 billion monthly visitors.
The porn industry has long been one of the earliest adopters of new technology – including virtual reality technology and even 3D technology. Porn famously fueled VHS adoption back in the 1970s, then did the same with DVDs in the 2000s. It shouldn’t be a surprise that a major porn website would be the first to create a blockchain-based rewards system.
If cryptocurrency is going to go mainstream, then we need the porn industry – and Tube8’s adoption of Vice Industry Token (VIT) could be the first step.