Streamium is one of the most innovative projects to come out of the Bitcoin space as it creates something new that was practically impossible to implement before Satoshi Nakamoto’s invention. The platform allows users to stream audio and video to anyone else in the world, and the viewer is able to pay for the content per second. Streamium Developers Manuel ArÃ¡oz and Esteban Ordano were interviewed on an episode of Bitcoin Epicenter recently, and it was during this discussion that ArÃ¡oz revealed – unsurprisingly – that cam girls make up around 50% of their entire user base.
Also read: Why Educators and Online Consultants Love Streamium and Bitcoin
âIt’s pretty funny, but we’ve found that 50% of our users are basically porn. So these are cam girls who do online shows for their clients. The other big use cases are education and live games. So these are people taking online classes or showing off their screens while playing video games, but by far the most important is the porn.
Later on the show, co-host Meher Roy pointed out the similarities between Bitcoin and the internet when it comes to porn being one of the first killer apps. During this particular segment of the show, ArÃ¡oz was also able to explain why cam girls may be interested in using an app like Streamium in the first place.
The woman’s chargeback problem
The first issue ArÃ¡oz reported was about something they weren’t even aware of before they created Streamium. There is a big problem with chargebacks in the online adult entertainment industry, but ArÃ¡oz explained that it is often not the actual purchaser of the pornographic material that initiates the chargeback process:
âThis is something we didn’t know, but in live cam porn there is the issue of what they call a woman’s chargeback where they have a really high chargeback rate, and that n isn’t based on the actual user but when the woman sees it, “Oh, what is this?” [The husband] says, ‘No. I do not know. I did not use this. Okay, let’s do a chargeback. ‘ And that’s a big deal apparently.
No prepayment for the spectator
Another problem with any form of online streaming video payment in the past was the fact that the viewer had to prepay for the content. This forces some viewers to avoid watching the content altogether, while others may look for free or torrent versions of the video (if available). With Streamium’s pay-per-second model, a viewer can pay pennies to see if they like a particular video before paying for the entire stream. As ArÃ¡oz explained, “[Streamium] also allows the user to end the stream at any time, so you don’t have to pay upfront for something you want to watch.
High fees on traditional webcam sites
One final positive aspect of Streamium for cam girls, which was originally brought up by Epicenter Bitcoin Co-Host Sebastien couture, is the fact that there is no intermediary for the payments between the performer and the spectator. Not only are the credit card companies not taking their part, but the operators of traditional cam sites are also out of sight. ArÃ¡oz described what the fees sometimes look like on these platforms during the interview:
âApparently the fees these sites charge video producers are really high. I don’t remember the exact number, but I heard something like 40 or 50 percent.
Of course, part of the reason that webcam sites take such a high percentage of performer income is due to marketing costs, so it’s important to keep in mind that there are others. variables in play.
It will be interesting to see if Streamium can continue to grow as a platform for cam girls and other online freelancers, and it seems clear that there are already some benefits of the pay-per-second model for streamers in the world. some niche markets. For now, the developers are working on scaling the free service to handle more viewers per stream, which could open the door for many more online content creators in the future.
Kyle Torpey is a freelance journalist who has been following Bitcoin since 2011. His work has been featured on VICE Motherboard, Business Insider, RT’s Keizer Report, and many other outlets. You can follow @kyletorpey on Twitter.