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CoinDesk Podcast Network

Bitcoin and the Sex Industry

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 4 February 2020

⏱️ 25 minutes

🧾️ Download transcript

Summary

Bitcoin and porn go hand-in-hand in this interview with Spankchain community manager Allie Eve Knox.

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Transcript

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0:00.0

Hi, I'm CoinDisc reporter Lee Quinn, joined today by SpankChane Community Manager Ali

0:05.0

Aileen EVE Knox, talk about Bitcoin and the sex industry. Thanks for joining us today,

0:09.0

Ali. Thank you. Thank you for having me. Can you start us off with a little bit of your background?

0:13.7

When we say the word sex worker, that can mean so many things. What types of work do you do beyond

0:18.3

spank chain? Okay, I think that I'm a whole bunch of different kind of sex workers.

0:23.0

So I cam, I make clips, I sell fetish clothing.

0:27.3

Sometimes I shoot porn.

0:29.1

I kind of run the gamut of online sex work.

0:32.4

I also know that in some of that experience,

0:34.6

you've been de-platformed by companies like PayPal or Square or Coinbase.

0:38.6

Why is it that sex industry professionals have such a hard time using traditional financial

0:42.9

services, even if what they're offering is a lawful and regulated project? There's a couple

0:48.5

reasons. One of them, I mean, I think it's a morality thing. I know when I got shut down on PayPal,

0:53.1

like in 2014, they were like, hey,

0:54.8

you're violating our terms of service. And I remember writing them back and being like, exactly what

0:58.2

am I doing? Like, I was selling socks. I was taking tributes. Like, how is this a thing?

1:01.8

And they were just like, you know, we don't really, the terms. I violated it. Totally true. I absolutely get it. But I think it's also because it's high risk. So it's a thing where if your husband was going to go by a Skype time for me and you saw it on his credit card bill, you weren't happy about it. You called the credit card company. They instantly take it out off of your account. Well, they take that money back from me. It's called a charge

1:27.6

back. These types of things lend us to a high risk. We have a high risk label. So it means instead of

1:34.1

getting the like, you know, 1% or 3% in regular credit card charges, we get a 10 to 15%. No one's

1:42.2

any cheaper than that. That's just how it rolls in adult and you are

1:45.5

just kind of stuck with it, which is a real bummer because where else do you go? You know, you need

1:49.8

payments. Yeah. That still blows my mind. So when preparing for this podcast, I asked a bunch of

...

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