"Next year, ICM plans to introduce a proprietary micropayment system." wow

[Bill]

Hmmmm - the ICM stuff is humdrum but I am fascinated bythe micropayments talk - micropayments are one of those things, like true digital signatures and emoney, that promise to revolutionaize everything.

http://www.businessweek.com/articles...public-of-porn

"Next year, ICM plans to introduce a proprietary micropayment system. This service, Lawley promises, will help blue-chip pornographers fight back against the proliferation of free and pirated smut online. “We’re going to do for adult what Apple did for the music business with the iTunes store,” he predicts. Consumers who have become conditioned to grainy, poorly shot giveaways, Lawley says, will get reacclimated to paying for higher-quality hard core. Price, quantity, and specificity are key. Rather than the traditional model—$24.99 upfront for all-access monthly memberships—porn consumers will shell out 99¢ apiece for short clips of niche material (akin to buying a favorite song, not the whole album). Perhaps more compelling, people seeking porn on their mobile devices will have a convenient way to purchase a quickie on the run."

[javbucks]

Works extremely well for the online gaming / MMORPG community. Excited to see where this goes.

[ecchi]

Yeah, but there are already companies who do this, and it makes very little money. The only way this would work is if it were done with the advertising clout of a company as big as Apple. And even then I doubt if it would work, because it would require advertising on TV, radio, magazines, newspapers, etc. And can you see that type of company carrying an ad along the lines of "Get your cheap porn here"!

[the New Shemp]

isnt that for .xxx domains only ...?

[Bill]

Originally Posted by the New Shemp

isnt that for .xxx domains only ...?

dunno. if so, i hope it crashes like the earlier micropay systems.

if not, I hope it succeeds.

basically, it all depends on the margin. if the micropay processor has to suck a big margin, people will probably pass.

so, the tech has to be simple and fast enough to allow something like a 1-1.5% margin and still be profitable.

[ecchi]

Originally Posted by Bill

i hope it crashes like the earlier micropay systems.

Why ????????????????

[Bill]

Originally Posted by javbucks

Works extremely well for the online gaming / MMORPG community. Excited to see where this goes.

yes, well, gaming money has that social reinforcement thing happening, that makes it work inworlds - but gaming money is not liquid outworlds.

hard to see how porn money could have the same social reinforcement as game money. you get no benefit outfitting a cool avatar in the porn world.

micropays need to be highly liquid to be workable - or based on legal tender with a very kind margin.

[Bill]

Originally Posted by ecchi

Why ????????????????

cuz i don't like ICM holding .xxx hostage. dont like .xxx

fuck those pricks.

[ecchi]

Originally Posted by Bill

cuz i don't like ICM holding .xxx hostage. dont like .xxx

But if it crashes the losers will be the webmasters not ICM. In fact ICM will benefit, because they can use the crash to withhold payments while they sort it out, and get interest on the money!

[Bill]

Originally Posted by ecchi

But if it crashes the losers will be the webmasters not ICM. In fact ICM will benefit, because they can use the crash to withhold payments while they sort it out, and get interest on the money!

presumably you bought some .xxx domains?

otherwise, who cares.

I felt from the first that .xxx was a scam, pandering to the republicans and begging to get laws passed that would make porn on any other tld illegal. Good luck with that.

[ecchi]

Originally Posted by Bill

presumably you bought some .xxx domains

No, I don't own any .xxx domains, and have no intention of buying any. However I think you misunderstood what I was saying.

If, as you hope, the system crashes then ICM get lots more money. So if what you want to happen, happens, it will be a good thing for .xxx and a bad thing for those who don't want .xxx!

However although ICM will benefit, adult webmasters will suffer. And although I sometimes jokingly refer to any law that puts other webmasters out of business as a good thing because it reduces my competition, I am only joking, I don't really mean it. So anything like a crash in a payment system that fucks over webmasters is a bad thing. Even if you and I not among the webmasters who suffer. And even if it does mean we get some of their customers!

[Bill]

sorry man, I think you misunderstood what I was saying.

Shemp said - "But will this micropay ONLY work on .xxx sites?".

I said, "Dunno, but if that's the case, fuckem".

I personally don't want to have to be forced to buy .xxx in order to use their micropay system.

I hope some new system of micropay comes along and succeeds.

But I do not hope that it works in such a way that it only works on .xxx domains.

[the New Shemp]

ya, i thought they were developing this micropayment system as a "bonus" for those that had .xxx domains ... we need to find out for sure ..