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Clients pay cash (usually), the worker sends Pink a fee through bank transfer or Paypal or whatever, and Pink pays a dividend to investors in Monero.

Pink are currently doing a token sale on their website, and claim to have sold ~1.1 million tokens at

Clients pay cash (usually), the worker sends Pink a fee through bank transfer or Paypal or whatever, and Pink pays a dividend to investors in Monero.Pink are currently doing a token sale on their website, and claim to have sold ~1.1 million tokens at $1 apiece.

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Clients pay cash (usually), the worker sends Pink a fee through bank transfer or Paypal or whatever, and Pink pays a dividend to investors in Monero.

Pink are currently doing a token sale on their website, and claim to have sold ~1.1 million tokens at $1 apiece.

apiece.

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In brief, Pink is an app for sexworkers and clients to find each other.If you've been around ICOs, you know that is a key question used to sniff out cash-grabs: "What does the token do?" Page four of Pinkapp's pitch deck explains correctly what blockchain tokens should and should not be used for: it is silly for a retailer to create their own money for their platform; Bitcoin or dollars or Monero or whatever do a fine job at that.Anderson is confident it cannot be, because of extra security measures he uses.These are described in detail here on Pink's Medium, and I won't analyse the exact security design in this article, but - as I found to be the norm with Pink - it is not an unfeasible idea."Pink will be the platform sex workers and clients use. It's more similar to a full service escorting agency." His vision is to provide the software for sexworkers and clients to find each other, take a cut of every booking, and use this money to hire local contractors to provide various support services, including photography (to help workers promote themselves), and identity verification of clients. To visit a sexworker‽ Why‽ Anderson told me that there will be different levels of verification available, from verifying phone number by SMS, to showing official ID documents on a video chat.Anderson says this will scare some users off, but they prefer to err on the side of protecting the worker.Eros.vision had all the features of a Web 3.0 marketplace: it was encrypted and decentralized, with no server to take down, and used peer-to-peer cryptocurrencies to settle transactions. Then, on the morning of Aug 29, I received an interesting email.Unfortunately, several things about the project seemed very fishy. Someone calling himself Brad Anderson (he would later tell me it is not his real name), had read my article and wanted me to cover his own start-up, Decentralisation is the banner that unites the blockchain community, and Pinkapp, to be clear, makes no attempt to be decentralised. It's an even worse than trusted third parties in the legacy economy, as you have no recourse if they don't hold up their end of the arrangement.It is a traditional, centralised escort agency, with staff and contractors. Much like the Silk Road, Alphabay, or the Hansa Market, it is a centralised shop for people to buy and sell goods, hiding behind TOR. Couldn't it be shut down the same way those markets were?

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