Cryptocurrency startup wants to ‘pay’ you to watch porn, but there’s a catch

While you may be so over the wave of new cryptocurrencies popping up, one is hoping to entice you with porn. 

Indeed, Vice Industry Tokens (VIT) wants to pay you for looking at porn. Of course, by pay they mean you’ll be compensated in their proprietary cryptocurrency VIT, which is based on an open-source blockchain, like others of its ilk.

And like most things in life, this isn’t as simple as it seems. As part of the get-paid-for-watching-porn scheme, your engagement data from participating porn sites will be recorded by VIT and sold to its partners. That includes “social activity, likes, upvotes, comments, and content preferences” on the porn sites, according to its report on the plan, which was published online. The report doesn’t mention if your data will be anonymized.  Read more…

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