Tube8 Will Give You Cryptocurrency for Watching Porn, but it's Not One of the Good Ones

By Tom Pritchard on at

That whole 'cryptocurrency' fad is still going on, and it looks like the porn industry is starting to take notice and think of new ways to integrate virtual coins with its operations. One company, Pornhub owner MindGeek, definitely is, and the latest announcement is that it will be rewarding people who watch porn on Tube8 with their very own cryptocurrency tokens.

But before you get excited, you're not going to be rewarded with Bitcoin, Ethereum, or any of the other cryptocurrencies that have significant value. Instead Tube8 will be rewarding viewers, commenters, and other visitors who interact on site with Vice Industry Tokens (VIT). In case you didn't know, VIT is an "engagement--oriented protocol that is designed to facilitate the exchange of tokens between all participants in media consumption." it basically means they're used as rewards for creators, consumers, and distributors.

Sadly each token is currently worth $0.0086, which is about two thirds of a penny. That, coupled with the fact Tube8 has confirmed there will be limits in place to prevent users from profiting or gaming the system, means you won't be able to turn watching porn into your day job anytime soon. The specifics of the VIT rewards haven't been confirmed yet anyway, so there's no way to tell how lucrative it will be. It's probably best to think of it like a rewardcard scheme, but instead of buying potatoes it involves watching videos of people fucking.

Tube8 spokesperson Robin Turner said:

“For as long as I can remember, getting paid to watch porn was always a pipedream; one that was always dreamed about, but never fully realized. Now however, with the introduction of VIT, we are marking a paradigm shift in how people consume adult entertainment. As opposed to having to fork over money to consume content, which some sites require, our users will get paid to consume our free content. The more they interact with our videos, the more money they earn. So make sure you spend some quality time on Tube8 next time and like, share and comment on our over 1.5 million videos.”

The systems is set to be put into place by the end of the year. [Tube8 (NSFW) via The Next Web]