I'm not sure why MORE/MOST providers simply have not adapted to the establishment of cryptocurrency and decentralized financial paradigms, to counteract the threat of governmental/LE interference with their business.   It's obvious cryptocurrency (Bitcoin, Ethereum etc.) is here to stay with the recent formalized establishment of ETFs in the financial industry.    It's all virtually untraceable and decentralized in its essence, so paying in cryptocurrency neutralizes many of the fears/risks providers face transacting with other payment forms.  Its a lot easier to hide something that is already "hidden" than things like large amounts of cash, and even more amorphous things like gift cards.    

Even with the recent (last several days) slide of Crypto along with the rest of the mainstream economy, cryptocurrency offers many benefits to the typical provider business model.

Every provider should have a crypto wallet and/or have a Coinbase account, or similar application/utility.

Crypto is wildly unstable as there can be so much price fluctuation. Many people have gotten hurt using it and may be afraid to jump back in or not join in the first place.  
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Another reason is that it is still relatively new, brand new if you want to compare it to more conventional means of currency. It takes time for people to adapt and accept something new.
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A third reason is that financial experts frown on it. People like Dave Ramsey and Sue Orman trash it regularly. Now you might scoff at people like that but they do have many devotees of their advice.
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A fourth reason is that provider's clients, usually much older than the provider, came from an era of doubting and being very skeptical about crypto. Crypto users tend to be younger on average and that will take time until the current generation of 30-40 year old clients, who are more inclined to use crypto,  become the 50-60 year old ones. With each passing decade, crypto will become more and more used, established and trusted but it isnt quite there yet. So if the clients arent comfortable with it, then how can the girls require it from them?
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Finally, their parents, being older, will tend not to be fans of it as they are not caught up on all new ideas of a financial nature.  
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So there are substantial road blocks in providers use of crypto. Society writ large has not partaken in it so it's a bridge too far for many. I see your point but I also understand the hesitancy.  
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Now with all that said, I see many more providers offer that option than ever before. I have no doubt it will become the norm, but it will just take time.

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How often does anyone get busted as a result of LE doing some kind of search of payment methods?

 
I'm going to guess not often.

 
So, using crypto for that reason seems like something that is not that strong an argument.   I'm also sure that in time LE or whoever will figure out a way to de-code the stuff using AI or some other modern day tech miracle, so what's the point?

 
The downsides of it losing value very quickly (which has happened several times) is enough to scare me away.

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I am not opposed to it, but honestly I have never had a guy tell me he would rather pay me in bitcoin than just cash (my preferred method of payment is cash, but I will accept gift cards if pre arranged)  
I am an open sex worker and I pay taxes so at this point I really don't have a need to hide anything, so I am not really sure how it would work out better than my current payment methods. If the tides turned I would look more into it, but at this point not sure how it would be helpful to my current business model.

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"Yes, bitcoin transactions are traceable. Every transaction made on the Bitcoin network is recorded on a public ledger called the blockchain. While individual users can remain pseudonymous, their transaction history can still be traced through analysis of the blockchain." - Blockgeeks  
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"Cryptocurrencies are traceable, with transactions recorded on a public ledger accessible to the IRS. The IRS uses advanced methods to track crypto transactions and enforce tax compliance." - Blockpit

...cryptocurrencies are still in their relatively early stages, but they are now recognized viable assets and stores of value, and as long as the US Government continues to run up HUGE deficits and add to its debt, dollars are losing their long term value.    

You shouldn't convert 100%, but add cryptocurrency as an option for clients to pay, and slowly learn how it works and can benefit you in ways that will become apparent as you use it.    

At this point, society may be on the brink of a catastrophic implosion if the current concentration of wealth persists in the hands of fewer and fewer super wealthy assholes, in which case we'll revert back to a barter economy and provider's will be selling themselves simply to eat while the rest of us beat the shit out of each other for a sandwich.    

See the linked Youtube video for the best, simplest explanation of Bitcoin, ever!

-- Modified on 8/3/2024 2:36:54 PM

I wouldn't go anywhere near the stuff.

First, many clients are old boomers who never had a crypto wallet. This is kind of a big thing.

If you gotta use fiat currency you need to use the one which all the clients know how to use. Aka cash.  

 
Second, as people have mentioned, people are catching up to the fact that the ledger records all transactions. The challenge is to find the transactions and wallets (or smurf wallets) but once you do, people can read it like a book.

 
Cash transactions on other hand are virtually untraceable. I mean who the hell wants to have a paper trail of paying for  prostitutes?

 
Gus, hate to tell ya, but crypto IS traceable.... All wallet transaction data is public. At least read up on how stuff works before you state things that are simply false.

The whole point of blockchain tech is the ledger. The whole point of decentralization is that the transactions are transparent. Every little transaction ever made was writtend to the ledger.

-- Modified on 8/3/2024 11:58:50 AM

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Providers aren't considering US deficits and debts when considering payment options for their clients nor are they factoring in a US default on its payments owed. And frankly, neither are their clients. Guys can pay by cash, Zelle, Venmo, Gift card, etc so it's not like there is only one option any more.  
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Your idea is just one that is ahead of its time. But again, just a few years ago, no one offered crypto as an option and today, while not widespread, it is very gradually catching on.  
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Most clients are older than the providers they see, and in many cases, much older. Guys over 50 typically just don't feel comfortable with the payment option you are pushing. That's the issue. I think the women would embrace it much more if their clients really needed it, but as of now at least, they just don't.  
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Interesting OP though. Thanks for sharing it!

I *DID* give a pack of gummies to one of my gents that was having trouble sleeping. Does that count?!? LOL

...I said "virtually" untraceable, in the sense that because it is a peer to peer transaction, when someone transfers bitcoin directly to someone else on the blockchain, there is no documented record detailing WHY or WHAT it is for....it's a lot harder to use to prove and document things than traditional tangible assets.

The digital nature of cryptocurrency makes it hard to be stolen outright (someone must hack or somehow get your information)....If you show up to see a provider with a clump of cash like most of us do, it can be stolen or seized as evidence in stings.  If you Transfer some crypto to her, and then engage....everyone has much more deniability.    

I'm not ignorant of how it works....it's a new thing still to most people, which is why only a small percentage of people are currently, actually, getting rich off of it.  

I should have titled my original post "crypto COULD be great" for sex workers;  many sex workers accept Credit cards and apps for payment, which leave a much more obvious trail than crypto, and are much slower and can be clawed back.  Once a client transfers bitcoin to a provider, it's hers, for good, instantaneously.  If a provider currently accepts credit cards and apps, then she should also include cryptocurrencies is really the point I should be focusing on....

I've been using cryptocurrency quite extensively, and I've done fairly well with the Coinbase trading platform the past 6 months, although this past week was shitty (for the whole financial spectrum though, not just crypto)....it's not something to be ignored or discounted, going forward.  Start slow, but do start.....

Not at all clear that bitcoin would prove a good safe haven option.  

 
It's also pretty easy for the government(s) to seize bitcoin accounts if they are connected to some criminal activitiy -- and I suppose the Civil forfeiture law would allow that to occur without any proof of ciminal activity. Would really suck to lose all your bitcoins because you paid for a session. Though I think Fisher's question on this would be relevant. I also think the public ledger of crypto systems would make it much easier for them to "follow the money" as they don't even need to ask for a search warrent or some financial institution to provide the info. So while they might never bother trying to find who the owner was that person may well find they paid a very high price.

The block chain is a public ledger, meaning every transaction is recorded. There is a digital record of each transaction and it can be tracked/identified. Aw Enforcement has already figured out how to "de-code" it. The FBI was able to steal back crypto ransom from Russian Hackers. Nothing about it is secret,

A great girl I used to know was sent to Dubai by a very well-known NY agency (which cannot be named). She wired back over $4,000 to the agency and It was flagged by Homeland Security, which alerted the NYPD, among others. She was detained when she arrived in NY. In turn that led to the arrest of other girls plus the two principals in the agency, which was shut down. But that was at least 8 years ago or more and it was pre-crypto.

Unless you like to speculate with your investments, crypto is probably useful as a medium of exchange -- buy some, transfer it, and receiving party cashes it out.
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The transaction fees would seem to favor cash directly. But crypto is useful in remote transactions where shipping cash is impractical.

That counts as good service

a now retired escort told me about getting arrested in a hotel lobby while touring with $20K in her purse , she was transferring only  a little at time due to banking and $10K limits etc   ...  so maybe bitcoin might be good  optional idea when not in one's home city.

...but is also still in the "growing-pains" phase of development in the economy at large.    But the issue you highlighted above, eliminating the risks and danger of having to carry LOTS of cash, is a HUGE benefit that outweights many of the perceived drawbacks.    As I said, Bitcoin and Ethereum are both here to stay so get on with the transition and you won't be sorry.