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.

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.

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.

...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

...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.....

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.

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.