Titcoin: The Latest In Digital Currency

Digital online currency has been gaining a lot of traction in the media of late, and surprisingly, there hasn't been a form of digital currency aimed specifically at porn users. Until now.

Meet Titcoin, the first cryptocurrency designed with consumers of porn in mind. In an interview with VICE (link below), the currency's creator, Edward Mansfield, explained its genesis.

Yes, Titcoin was a no brainer. Just to give you an idea of what happened in the beginning, it was just myself and one of our partners chatting about digital currency as a whole. We’re at a bar, and somehow we start thinking about what if there was an industry-targeted currency, not one that was generic and covers a wide spectrum but something that was very specific. The adult entertainment industry quickly came to mind. I think within seconds we thought of Titcoin as sort of the perfect name. Everyone knows what Bitcoin is, and Titcoin has a very similar spelling. It’s really to capitalise on the branding.

Okay, sounds legit, but what makes it different from Bitcoin, or Dogecoin, or Litecoin, or the literally dozens of other cryptocurrencies?

I don’t think we see ourselves as competitors to Bitcoin per se. The way that we see it is that it gives users various payment options, like using Visa, MasterCard, or Amex. In the future, if we can imagine a world where digital currency is more mainstream, you might have a Bitcoin account with your spouse. You may not want them to see you purchasing products or subscriptions on adult sites, because perhaps this is something you’d rather keep to yourself, so having an industry-specific coin has certain advantages for consumers when they want to keep things a bit more private than they would with a Bitcoin account. Fundamentally there is no significant difference. It’s all in the branding.

My wife won't find out about it? Sold!

Via VICE