Any reputable ladies/agencies who take bitcoin?  There appear to be a bunch of people advertising but as far as I can tell they are not reviewed on this site and that makes me a little hesitant.  Heading over in a few weeks and would love to find well reviewed bitcoin accepting ladies.

I have a few accounts for this option. I am in Vegas until the first of the year possible longer.

I am not familiar with Bitcoin.   How do you cash it out?  What are the upsides to using Bitcoin?  What are the downsides

It's still a fledgling - and not stable at the moment. Plus you don't have anywhere to spend it really except the beep web. It's also really unregulated so it can be here today and gone tomorrow. I wouldn't do it - yet
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Morgan spurlock did a really good doc on it that you can watch online to understand it.

Interested to hear more about it, just as was said previously, I must be just not completely informed and am very skeptical.  However I have recently seen a Bitcoin ATM. And hearing more of its use can be beneficial.  To the original poster - do you find bit coin resourceful for yourself as well as see it to be a good idea for providers?  Just curious to your perspective of wanting to use bit coin to pay for play, compared to cash.  I accept Paypal as well as credit cards, but only on case by case basis.

I know there are a few others who do, as well...

As I understand it (disclaimer... I am just beginning to learn about it, so I have a ways to go still) it could be likened to the stock market in that the bitcoin value could rise and fall with market trends. So, its possible that a $250 bitcoin could gain value... But the opposite is also possible (although less likely from what I see.) Because its digital currency I can see a bit of a weakness in its complete dependence on the internet, however the fact that it is more of a worldwide currency is a plus, especially in an international tourist town like Vegas... And that, right there, is a primary reason (along with the instability of our economy) why cash is starting to lose its allure... If I am wrong, please feel free to correct me as I'd like to learn more about this as well...  

The IRS views Bitcoins as "property."  As such anytime you receive or payout Bitcoins, you need to track the value (compared to U.S. Currency) and report the gain or loss on your income tax return.

Be careful with taking Payppal.  I used it very infrequently as a payee, but the last time I did they put a limitation on my account (shut it down) with no option to appeal.  It was under my legit business name and the person who made the payment backed me up with them by explaining the charges were for work consistent with my business license  and  professional certification.  They would not budge.  They held onto my money for 45 days and I still do not have a Paypal account.  According to their TOS they could have held the funds for up to 6 months.
I spent tens of thousands of dollars through Paypal over the 12 plus or minus years I had my account.  I sold some stuff on E-bay and occasionally accepted monies for various reasons. They do not care.  There is nothing you can do when they decide to shut it down.  So, if you do use it be careful.  Do not keep much in the account. I now have to use cash cards for my purchases on Ebay or other places one would normally use Paypal and I cannot sell on Ebay at all.  Ebay and Paypal might have technically separated, but they are really still one in the same

A bitcoin is divisible into smaller units just like a dollar can be divided into cents.  So you don't need a whole bitcoin but can have lets say 0.10 bitcoin which right now is about $35.  Bitcoin has a lot of neat advantages but it is very volatile and the price can go down just as quickly as it can go up.  My recommendation is to cash out pretty quickly.

You're correct that bitcoin's price varies with supply and demand - it is quite volatile and can rise or fall a lot in one day.  I think it has potential long term but it's safer to cash out fairly quickly if you can't stomach the volatility.  There are services that make it not too difficult to cash out into dollars or gift cards.

Sweet!

For cashing out there are a few options:  coinbase.com, circle.com, localbitcoins.com, paxful.com.  Easiest is to buy a gift card at gyft.com or egifter.com.  The upside is a form of digital currency that is more like "cash" than relying on someone like paypal or visa who can freeze your account/track things easily.  The downside is the volatility.

Those are valid concerns.  Cashing out to gift cards (like Amazon) is actually very simple at gyft.com or egifter.com.  Keep an eye on it to see how it progresses.

I think bitcoin is great for these sort of fringe markets right now.  It's an irreversible payment system so you can be certain the funds won't be charged back like they can be with paypal or a credit card.  It's somewhat more anonymous than other payment methods (except cash of course) but it's electronic so it has those conveniences - so it's good for these type of play scenarios where you don't want somebody to check out your credit card statement.

Great thanks.

I had posted on another board if ladies would take Ag / Au coins as a form of payment. I received 0 PMs and was laughed at.  

Cool thanks for the tip. I will definitely check these out  

You mentioned the volatility.  So I take it that while today one bitcoin may be worth $250, tomorrow or next week it would be worth more or less?

The value is derived purely by supply and demand.  This fact causes a lot of head scratching usually as other currencies are backed by their governments.  It's more along the lines of gold where the gold price can vary based purely on supply and demand.  There isn't any government behind gold and yet people value it for its monetary properties above and beyond any industrial or cosmetic uses.  Bitcoin is very volatile because it is still fairly experimental and small.  This is to be expected for any currency in its infancy.  If it succeeds it will have to go up in value a lot.  If it fails, it could go to zero.

Happy to accept crypto currency

Depends on what the market is bearing. I worked out some pretty unconventional compensation packages. Wink wink

It depends on some speculation as to whether the market has priced the interest rate hike in or now; also on foreign government buying bullion, repatriating their Au held on foreign soil to shore up their own government demands, jewelry, weddings, electronics, and space exploration vehicles.