Titcoin: Difference between revisions
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'''Titcoin''' is an electronic payment system and cryptocurrency designed for the [[sex industry]]. | '''Titcoin''' is an electronic payment system and cryptocurrency designed for the [[sex industry]]. | ||
== History == | == History == | ||
Titcoin was created in November 2013 by cryptocurrency advocates Edward Mansfield, Richard Allen and a third anonymous individual. They designed an anonymous and decentralised electronic payment system based on the Blockchain distributed database. The anonimity would allow customers to pay without diclosing personally identifiable informations and the would allow firms to receive payments without the intermediation of [[Discrimination|financial institutions]]. | Titcoin was created in November 2013 by cryptocurrency advocates Edward Mansfield, Richard Allen and a third anonymous individual. They designed an anonymous and decentralised electronic payment system based on the Blockchain distributed database. The anonimity would allow customers to pay without diclosing personally identifiable informations and the would allow firms to receive payments without the intermediation of [[Discrimination|financial institutions]]. | ||
On January 17, 2014 the founders announced Titcoin and its specifications to the crytocurrecy community with a post on the CryptocoinTalk Internet forum.<ref>[https://cryptocointalk.com/topic/3337-no-date-ann-titcoin-tit-pre-launch-announcement/ ''Titcoin (TIT)-Pre-Launch Announcement''] forum post.</ref> On June 21, 2014 Titcoin was released to the public and in September 2014 the former Wall Street stockbroker Patrick McDonnell joined the Titcoin development team as Director of business development.<ref>AVN editorial staff, [https://avn.com/business/press-release/technology/patrick-the-coyote-of-wall-street-mcdonnell-joins-titcoin-575066.html ''Patrick "The Coyote of Wall Street" McDonnell Joins Titcoin''] AVN, September 29, 2014.</ref> | On January 17, 2014 the founders announced Titcoin and its specifications to the crytocurrecy community with a post on the CryptocoinTalk Internet forum.<ref>[https://cryptocointalk.com/topic/3337-no-date-ann-titcoin-tit-pre-launch-announcement/ ''Titcoin (TIT)-Pre-Launch Announcement''] forum post.</ref> On June 21, 2014 Titcoin was released to the public and in September 2014 the former Wall Street stockbroker Patrick McDonnell joined the Titcoin development team as Director of business development.<ref>AVN editorial staff, [https://avn.com/business/press-release/technology/patrick-the-coyote-of-wall-street-mcdonnell-joins-titcoin-575066.html ''Patrick "The Coyote of Wall Street" McDonnell Joins Titcoin''], AVN, AVN Media Network Incorporated, September 29, 2014.</ref> | ||
In 2015 Titcoin was nominated for the [[XBIZ Award|XBIZ Award]] for Innovative Web Product of the Year and for the [[XBIZ Award|XBIZ Award]] for Alternative Payment Services Company of the Year. In 2016 Titcoin was nominated for the [[XBIZ Award|XBIZ Award]] for Alternative Payment Services Company of the Year. | In 2015 Titcoin was nominated for the [[XBIZ Award|XBIZ Award]] for Innovative Web Product of the Year and for the [[XBIZ Award|XBIZ Award]] for Alternative Payment Services Company of the Year. In 2016 Titcoin was nominated for the [[XBIZ Award|XBIZ Award]] for Alternative Payment Services Company of the Year. | ||
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and it would donate part of the revenues from it to the research on breast cancer.<ref>Officer & Gentleman, [https://vimeo.com/92087150 ''Titcoins by Pornhub''] Video, Officer & Gentleman advertising agency, 2015. Vimeo.</ref> | and it would donate part of the revenues from it to the research on breast cancer.<ref>Officer & Gentleman, [https://vimeo.com/92087150 ''Titcoins by Pornhub''] Video, Officer & Gentleman advertising agency, 2015. Vimeo.</ref> | ||
In September 2015 the Café Ruig pub in Amsterdam, EU, was the first firm to adopt the Titcoin payment system.<ref> XBIZ editorial staff [http://www.xbiz.com/news/ | In September 2015 the Café Ruig pub in Amsterdam, EU, was the first firm to adopt the Titcoin payment system.<ref> XBIZ editorial staff [http://www.xbiz.com/news/199182 ''Amsterdam Bar to Sell Beer for Tits (and Titcoins)''] XBIZ, Adnet Media Limited, Sep 18, 2015.</ref> | ||
== Regulations == | == Regulations == | ||
=== United States of America === | === United States of America === | ||
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On April 25 2017 the [[Nevada]] State Senate unanimously approved a bill which recognizes the Blockchain database as an electronic transactions record and prevents local governments from charging taxes and imposing licenses on its use.<ref>[https://www.leg.state.nv.us/App/NELIS/REL/79th2017/Bill/5463/Overview Senate Bill n. 398] on the Nevada Electonic Legislative Information System.</ref> | On April 25 2017 the [[Nevada]] State Senate unanimously approved a bill which recognizes the Blockchain database as an electronic transactions record and prevents local governments from charging taxes and imposing licenses on its use.<ref>[https://www.leg.state.nv.us/App/NELIS/REL/79th2017/Bill/5463/Overview Senate Bill n. 398] on the Nevada Electonic Legislative Information System.</ref> | ||
== Media coverage == | == Media coverage == | ||
#Men's fashion magazines | #Men's fashion magazines | ||
#* Spitznagel Eric, [http://www.menshealth.com/sex-women/pays-for-porn ''Who Actually Pays for Porn Anymore? An Investigation''], Men's Health digital edition, August 14, 2014. | #* Spitznagel Eric, [http://www.menshealth.com/sex-women/pays-for-porn ''Who Actually Pays for Porn Anymore? An Investigation''], Men's Health digital edition, Rodale Incorporated, August 14, 2014. | ||
# Sex industry media | # Sex industry media | ||
#* Blue Violet, [http://www.playboy.com/articles/titcoin-bitcoin-for-adult-industries ''Why Is Wall Street Taking 'Titcoin' Seriously?''] Playboy digital edition, October 24 2014. | #* Blue Violet, [http://www.playboy.com/articles/titcoin-bitcoin-for-adult-industries ''Why Is Wall Street Taking 'Titcoin' Seriously?''] Playboy Magazine digital edition, Playboy Enterprises Incorporated, October 24 2014. | ||
#* Johnson Bob, [http://www.xbiz.com/news/180960 ''Titcoin Aiming to Be Adult's Own Cryptocurrency''], XBIZ, | #* Johnson Bob, [http://www.xbiz.com/news/180960 ''Titcoin Aiming to Be Adult's Own Cryptocurrency''], XBIZ, Adnet Media Limited, Jun 23, 2014. | ||
# Political media | # Political media | ||
#* Mr Conservative Editorial staff, [https://www.mrconservative.com/2014/06/44040-titcoin-the-new-cryptocurrency-backed-by-well-take-one-guess/ ''Titcoin: The New Cryptocurrency Backed By, Well, Take One Guess''], Mr Conservative, June 22, 2014. | #* Mr Conservative Editorial staff, [https://www.mrconservative.com/2014/06/44040-titcoin-the-new-cryptocurrency-backed-by-well-take-one-guess/ ''Titcoin: The New Cryptocurrency Backed By, Well, Take One Guess''], Mr Conservative, June 22, 2014. | ||
# Technology media | # Technology media | ||
#* Barnes Laura, [http://www.pcr-online.biz/news/read/titcoin-a-new-digital-currency-for-porn-fans/034239 ''Titcoin: A new digital currency for porn fans''], PCR, June 23, 2014. | #* Barnes Laura, [http://www.pcr-online.biz/news/read/titcoin-a-new-digital-currency-for-porn-fans/034239 ''Titcoin: A new digital currency for porn fans''], PCR, June 23, 2014. | ||
#* Kernel (The), ''Your complete A-Z guide to cryptocurrencies'', The Kernel magazine, The Daily Dot, January 11, 2015. | |||
#* Lynch Gerald, [http://www.gizmodo.co.uk/2014/06/titcoin-is-the-bitcoin-for-porn/ ''Titcoin is the Bitcoin for Porn''], Gizmodo UK edition, June 23, 2014. | #* Lynch Gerald, [http://www.gizmodo.co.uk/2014/06/titcoin-is-the-bitcoin-for-porn/ ''Titcoin is the Bitcoin for Porn''], Gizmodo UK edition, June 23, 2014. | ||
#* Weisman Carrie, [http://www.designntrend.com/articles/15814/20140623/porn-gets-currency.htm ''Porn Gets Its Own Currency''], Design & Trend, June 23, 2014. | #* Weisman Carrie, [http://www.designntrend.com/articles/15814/20140623/porn-gets-currency.htm ''Porn Gets Its Own Currency''], Design & Trend, June 23, 2014. | ||
# Women's fashion magazines | |||
#*Moore lane, [http://www.cosmopolitan.com/sex-love/news/a32693/titcoin-the-new-anonymous-currency-for-buying-porn/ ''Behind Titcoin, the New Anonymous Currency for Buying Porn''], Cosmopolitan Magazine digital edition, Hearst Communications Incorporated, October 30, 2014. | |||
== References== | == References== | ||
{{reflist|}} | {{reflist|}} | ||
== External links == | == External links == | ||
* [http://www.titcoins.biz/ Official website] | * [http://www.titcoins.biz/ Official website] | ||
* [http://coinmarketcap.com/currencies/titcoin/ Market capitalization] at Coinmarketdotcom | * [http://coinmarketcap.com/currencies/titcoin/ Market capitalization] at Coinmarketdotcom | ||