I was recently interviewed by MarketWatch to speak about my crypto-domination website #Crypto4Theo and the story behind it. Read the entire feature on MarketWatch.com
Excerpt:
MarketWatch: How long have you been working as a financial dominatrix?
Theodora: It’s been around eight years now but my online presence is quite recent. I was doing really well with very niche clientele, but now I have the ability to make it more mainstream. Thanks to social media, I can reach people who wouldn’t previously dare to delve into financial domination but now they can try it to some extent.
MarketWatch: When did you decide to start taking cryptocurrency?
Theodora: In this business of domination, it’s common for dominatrixes to take crypto payments. We cannot take PayPal because they blacklist sex workers. I have been making my clients mine for me for a couple of years.
MarketWatch: What is your crypto slave farm?
Theodora: It is a little tool where people use the resources of your computer to mine [cryptocurrency] for me from a distance. So even though it might be a tiny amount, I have quite a lot of traffic on my website so it adds up quite nicely.
MarketWatch: How do you make money in cryptocurrencies?
Theodora: I take donations and also have people mining for me. I take a lot of geek clients who like new technology and they were really excited when I taught them how to build a mining rig for me so they could mine 24/7 from their home.
MarketWatch: What other kinds of cryptocurrencies do you own?
Theodora: I have seven or eight different currencies — I see it a bit like play money and try to adjust to which is growing the most. If you anticipate growth, that’s where it will become interesting. Everyone is now interested in bitcoin because the growth has been exponential. Soon it will be too high for individuals to invest in, so you have to invest in others. I think it’s smart to have diverse portfolios of currency.
MarketWatch: Do you cash out your crypto or hold it?
Theodora: I hold it but it depends on the currency — I have my favorite currencies that I am betting on. Bitcoin could crash in two days, you don’t know what’s going to happen, so if you have enough to invest in smaller currency you should.
For me, it’s play money. You have to bet on several currencies to see what will happen, and if it’s your main source of income you have to be smart with it.
MarketWatch: How do you decide what to invest in? Do you have a background in finance?
Theodora: Funnily enough I learned via my clients because lots of them are high profile businessmen, so they know about money.
MarketWatch: How do you decide what to do with your clients’ money?
Theodora: Relinquishing control from them is not just them paying me — it is me holding their credit card, having access to their bank accounts, and determining how much they need to live and how much I can take from them. I need to put them right on the limit. The point of financial domination isn’t about taking everything they have and leaving them on the street — the fetish is controlled and consensual.
MarketWatch: Do you have to budget [for your clients?] then?
Theodora: It does involve a lot of budgeting. I have to ask them how much their mortgage is, how much they go out, and if it’s too often maybe we can cut out these expenses. Sometimes they realize they were spending on very futile things and they thank me for it.
MarketWatch: What is the biggest risk in the future of bitcoin?
Theodora: I’m a little wary of what is happening with net neutrality and regulation. If they regulate bitcoin we may have to buy more litecoin or monero. It’s moving all the time so you always have to think ahead. As long as people are creative with crypto and business in general they’re going to be fine.