In this audio interview, CoinDesk's Leigh Cuen and SpankChain community manager Allie Eve Knox talk about the conjunction of porn, the sex workers who create it and crypto. From performers who accept BTC and XRP to decentralized delivery services, Cuen and Knox explore what happens when financial companies meet censorship-resistant systems.
The biggest problem? Knox and other performers and sex workers face semi-secret discrimination from payment platforms. She recalls being shut out of PayPal early on.
"I think it's a morality thing. I know when I got shut down on PayPal in 2014 they were like, 'Hey, you're violating our terms of service.' And I remember writing them back and being like, 'Exactly what am I doing?' I was selling socks. I was taking pictures. How is this a thing? They were just like, 'You know, we don't really like this, so we're not gonna let you do it.'"
The biggest issue, says Knox, is chargebacks. By creating a completely transparent and safe system for potentially untoward activities, big financial companies no longer get to pretend to be moral. Further, it helps the performers actually make a living.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.