The adult entertainment industry is famously embracing of new technology, and in recent years there has been an explosive shift from regular video content to interactive webcam streaming.
Today I want to give a brief overview of a project that seeks to take this paradigm to its natural technological conclusion - blockchain tech. Meet LIVE STARS, the "live broadcast entertainment platform" that will allow anyone to stream their webcam content in exchange for cryptocurrency, in an efficient, elegant, trustless and automated manner.
The stated goals of the project are...
"to solve a number of issues: to eliminate high commissions, to remove payment delay, to improve security systems and to provide the complete anonymity for users, making the relationship between customer and model free of mediators."
Currently, there are a number of adult orientated webcam streaming services, Chaturbate being perhaps the best known, to the author at least. Many of these sites already accept Bitcoin as a form of payment, and could conceivably evolve to accept faster, more discreet, and more modern cryptos, such as Monero or Verge. So yes, there could be stiff competition. Pun intended. But there will be a lot on offer to lure new contributors, such as lower commissions, and an instant, simplified payment process. There will also be a lot to bring in an audience who will be attracted to the prospect of a more instantaneous and anonymous service with payments taking seconds, and messages being encrypted.
The ICO is running right now and you can take part with Ethereum or Bitcoin.
Currently there is a 50% discount, for the next 36 hours or so, at the time of writing. Right now, each "Live Token" works out around $0.06.
Live Stars have a full time team, strong branding, and a demonstrably working product. They are active on social media, and have a highly visible marketing campaign.
With the webcam streaming market estimated to grow to about 15 billion dollars in the next couple of years, this is a very ambitious, and potentially lucrative project indeed. As you can see from the online demo below, this isn't "pie in the sky" vaporware, but a working product that has been developed and is being refined behind the scenes.
Am I Investing?
I've always thought cryptocurrency and the adult entertainment world should go hand in hand, and that relationship seems to be taking shape more and more. Certainly, it's not hard to imagine a platform like this finding huge success, but my concern is how easy it would be for the established platforms to integrate better cryptocurrencies than Bitcoin. Also, it is probably only a matter of time before something like Live Stars comes to the STEEM platform, or perhaps EOS later this year. I would be more bullish on such projects as STEEM is ostensibly fast, and well established. So Live Stars seems to be be high risk but with high reward potential. Am I investing? I wouldn't forgive myself if I didn't at least pick up a handful.
If you're interested in finding out more about Live Stars, "The Cryptonomatron" has a very detailed review on YouTube here:
How to contribute to the ICO with Ethereum or Bitcoin: (PDF)
https://livestars.io/contribution.pdf
LIVE STARS ICO:
I've been advocating for something like this since DLive was announced. Infact there's no reason why @Dlive can't be used by camgirls and the adult industry. If @dlive creates a subsection for adult models with a +18 disclaimer that could already get the ball rolling.
Steem should try capture this market and it is the perfect fit for it .
Or maybe we can convince the LiveStars team to switch to SMT, as Ethereum is too slow and expensive for this sort of microtransactions.
If @dlive makes an 18+ section... Steem might go through the roof.
While many ideas can work in the long-term, they will have very hard time short-term and most of them will die, not because the ideas are not good but we are still far away from mass adoption and we need to remember that social network and many more ideas only worked on the internet when we reached the mass adoption phase and we had 500 million to 1billion users having access to the world wide web.
I think it'll be a crowded space. Maybe as an early mover they'll have success? Who knows. Now where's my crystal ball....?
Indeed. Crazy time to be alive, watching this all unfold.
i also came across this ico a while ago, good to know it started. I'll invest a little becase the 50% looks good to me abd that industry moves a lot of money. If they have a referal i don't mind using yours if you want. tha ks!
Very kind of you. I didn't use my referral link above, because it is a very sincere review, but please, be my guest.
https://livestars.io?ref=5a5d40a60d0e3500143fd8b6
if they bring more streamers and viewers I don't see any reason why this project fails.
Do you make money for chatting or you must remove the clothes?
It's adult orientated, so I presume there will be plenty of nakedness involved, but hey.
There is a 'place' for never nude or topless models on sites like these. They tend to wear lingerie and flirt and play games or entertain customers.
I've even seen 1 girl who made a living on this kind of site singing fully clothed, selling her albums, and chatting to people.
The majority go on those sites to see naked women, and you do need a tough skin because you will get trolled. A never nude or topless woman won't make as much as the nude girls, but like I said, I've seen some (who have good social skills) make a living never getting nude.
The porn industry has actually been using coins like Spank Chain and considering coins like VIBE to pay for webcam shows at a low transaction fee. I find this a bit odd but it definitely provides usability in real life technology.
Aye. It will be interesting watching this whole space unfold, or explode, as the case may be. "Steem Cams" or something similar, would be fascinating, to say the least.
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i like ur post
it looks new idea and thinking to improvise crypto world, may be it start with wrost one but could be turn into wrothfull!
Interesting. Thanks for sharing this. My lady recently started performing and this looks pretty interesting. Do we know what type of crypto they will accept? Or just USD to their tokens?
Great post dude. It absolutely makes sense too as the adult industry usually seems to be one of the first to embrace new technologies. Seems to work well for them too.
crypto is going mainstream haha
This is actually quite a serious use case :P stripping the fancy middle-man :P
interesting ico i need to take part in this one