Bitcoin (BTC) is being championed as the solution to a new payment crisis affecting the adult entertainment website Pornhub. In a blog post on Nov. 14, Pornhub revealed that payment processor PayPal had abruptly stopped servicing its models. Pornhub hits out at attack on “livelihoods” Previously, models throughout the world received payouts via PayPal, which has not publicly stated why it cut them out of its platform. “We are all devastated by PayPal's decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods,” the blog post reads. Pornhub is now using direct funds transfer ... (full story)