Already, an entertainer can corral new clients using free social media tools such as G+, Twitter, and Facebook and advertise their services and availability to their followers. Entertainers can then do private shows via Skype at any time, or perform group shows in services like Google Hangout. So what’s new about any of this?

Until now, the entertainer’s biggest and costliest concern was accepting payments and had to use a Cam service or payment processor that stripped away a percentage of their profits. But that all changes today because of a new digital currency called Bitcoin. Bitcoin removes the last middleman out of the equation and saves that last chunk of the entertainer’s profits for themselves. Payments can be sent directly, person-to-person, to anyone, at any time, for, seriously, fractions of a penny – in any amount!

Once the entertainer has their Bitcoins, the transactions are set in stone. There is no possibility for them to be reversed (also known as charge-backs) by a payment processor. Bitcoin transactions only go in one direction. Bitcoins can then be used to purchase things online, bartered for other products or services, or exchanged for a local currency like Dollars, Yen, Euro, etc. You can actually pay your rent with Bitcoins at over 100 properties in and around Las Vegas, Nevada.

Oh yea, Bitcoin transactions are anonymous like cash!

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You have the ability to great Bitcoin addresses all day long – tens of thousands of them, literally, and there’s no central authority that manages who you are and what Bitcoin addresses you have.

However, a profile is easily built every time you publish a Bitcoin address in public. Each photo you post with your Bitcoin address, under a forum username becomes public knowledge. As such, “stalkers” can monitor, through the public Bitcoin accounting ledger, how much money is sent to your address(es).

To maintain your financial privacy, it is vital that you change your Bitcoin address from time to time, perhaps once a week, and different for each forum you post to. The more chaos you can cause to the source of your income, the better.

Additionally, if you do any private requests, *definitely* consider using a new Bitcoin address for each show or person you’re working with. This is the only way to protect your financial privacy in the long run with Bitcoin.

Conversely, when you post a “verifiable” photo with a Bitcoin photo and post it on the Internet, like all things there, it’s forever – and will continue to be a potential source of money long into the future. To protect your product, make sure you always keep your Bitcoin private keys safe. To protect your brand and Bitcoin from being “redirected”, write your Bitcoin addressed down on a patterned background so it is difficult to remove your Bitcoin address and overlay a thief’s Bitcoin address.

Source: http://stripcoin.com/security/financial-privacy/

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