Memo.cash

Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv

31/05/2020 by Idelto Editor

In mid-May, news.Bitcoin.com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told the public certain coronavirus films would be removed. Youtube’s censorship has caused a number of individuals to search for decentralized video sharing platforms, and one particular project called Lbry.tv has been gathering a lot of traction.

Censored Youtubers Are Migrating to Lbry.tv

Censorship is abundant these days, as many of the massive social media platforms and video sharing sites are censored and policed on a regular basis. Just recently, Bitcoin.com’s official Youtube account was warned for sharing a video about bitcoin mining and people witnessed mass censorship on Youtube caused by the coronavirus.

Months before Covid-19, many crypto-focused Youtube channels were also banned and removed from the platform. The iron curtain tethered to Youtube has invoked a number of crypto advocates to leave and join a more decentralized concept called Lbry.

Lbry is a sharing platform that uses blockchain technology to enable users to publish material and get paid for doing so. People using Lbry’s service can monetize their published material with its built-in payment system. The creators of the Lbry project state:

Lbry is a new protocol that allows anyone to build apps that interact with digital content on the Lbry network. Apps built using the protocol allow creators to upload their work to the Lbry network of hosts (like Bittorrent), to set a price per stream or download (like iTunes) or give it away for free (like Youtube without ads). The work you publish could be videos, audio files, documents, or any other type of file.

Amid Mass Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv — Lbry.tv.

In addition to the main Lbry blockchain, the project has also introduced Lbry.tv, a similar platform to the likes of Youtube but without censorship and centralization. The creators of Lbry call the platform Lbry.tv, “a nearly feature-complete web version of Lbry desktop, a browser for the Lbry network.”

Because of the censorship and centralized video sharing platforms manipulating video shares and adding horrible advertisements, many people have migrated to the Lbry platform for quite some time now. The developers behind the project note that the video sharing portal has:

Hundreds of huge YouTubers, like Veritasium, minutephysics, John Stossel, and 3Blue1Brown. Tens of thousands of popular YouTubers co-publish or publish unique content to LBRY.
Hollywood films, including the catalog from Oscilloscope Studios, which includes award-winning films starring actors like James Franco, Julia Stiles, David Cross and more.
Creators who stand up for free speech and free expression like Jordan Peterson, Benjamin Boyce, Justin Murphy, and more.
20,000 top college lectures that almost disappeared forever due to the threat of censorship.
All kinds of weird and original gems.

Decentralized and Censorship-Resistant Social Media and Video Sharing Platforms Will Someday be the Norm

It will take some time, but censorship-resistant and decentralized platforms will someday be the new norm. The masses are slowly beginning to see the problem and there are tools out there that can decentralize social media and video sharing techniques across the web.

Platforms that pay content producers and artists directly, instead of large fractions of profits going to middlemen like Facebook, Twitter, Reddit, and Youtube. There are projects like Twetch decentralizing Twitter and concepts like Memo.cash removing third parties from social media forums. Lbry.tv is an alternative to Youtube, Amazon, and other hosting sites. It may be nascent project and may not even be the end solution, but its a start in the right direction.

What do you think about Lbry and Lbry.tv? Let us know in the comments below.

The post Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv appeared first on Bitcoin News.

SLP Token Environment Built on Bitcoin Cash Continues to Expand

20/09/2019 by Idelto Editor

According to public data, a number of individuals are creating tokens using the Simple Ledger Protocol (SLP) on the Bitcoin Cash (BCH) blockchain every day. The SLP ecosystem is expanding and has given anyone the ability to create the next great digital token for tomorrow.

Also read: Snowden: US Seizing My Book Revenue is ‘Good for Bitcoin’

SLP Hackathon Prize Pool Grows, Crescent Cash Improvements, and Art on the Bitcoin Cash Blockchain

If you follow the BCH community, you’ve likely heard of the Simple Ledger Protocol (SLP) and the tokens that derive from this system. It’s been over a year since the SLP project launched and the token universe has grown exponentially as the outlying infrastructure has matured. Now developers are hosting a dedicated SLP hackathon aimed at building out the token environment even more. Further, when we last reported on the SLP Virtual Hackathon (SLPVH), we mentioned rewards that will be given to the winners. Now the prize pool is over $7,000 thanks to BCH and SLP token donations.

Last week, BCH supporters donated bitcoin cash and various tokens like spice to the prize pool in order to give contestants more incentives. SLPVH will be held for 72 hours on September 27-30 and participants are encouraged to come up with unique ideas like onchain voting, token specific wallets, SLP tip bots, NFT (nonfungible token) collectibles, and onchain games. Additionally, software developer Chris Troutner published a descriptive video on SLP token development with tools like Badger Wallet, SLP SDK, SLP SDK Documentation, and the bch-cli-wallet alpha release with SLP support.

“I created this video to help contestants in the SLP hackathon,” Troutner explained. “[The video] is a walkthrough on how to set up a development environment, create tokens, mint tokens, and send tokens.”

This week, the developer of the opensource, non-custodial BCH wallet that uses the Cash Accounts system, Pokkst, released version 1.8.1 of Crescent Cash. Similarly to Badger, Electron Cash, and Ifwallet, the Crescent Cash client also supports SLP tokens. Pokkst improved the user interface, added Tor support, and now the wallet supports SLP token icons. This means SLP tokens will show an attached image if the coins have an icon picture tethered to the design.

Crescent Cash v1.8.1 is now being rolled out to the Play Store!

Desktop versions are now available on https://t.co/bcoUV9GDNv

— Crescent Cash (@crescentcash) September 18, 2019

As news.Bitcoin.com discussed in a prior in-depth SLP editorial, developers have been trying to figure out the best methods to attach an SVG, GIF, or other types of images to tokens. People want to add images and custom art to nonfungible tokens and according to developer Gabriel Cardona “tokens are art.”

“There will be highly valuable pieces of art and music tokenized as NFTs — All collectibles will find a home as NFTs on the blockchain,” Cardona tweeted. Following the statement, Cardona shared an art token created by @brianxv15 which shows a moving GIF image and can be viewed by anyone on the Bitcoin Cash blockchain. The token, called silverII, shown in the explorer link is a single nonfungible art token out of 15 minted. Cardona is a huge fan of SLP tokens and refers to the trend as the “Tokambrian Explosion” on BCH and often shares every unique SLP concept he can find on his Twitter feed. On September 19, the Bitcoin Cash programmer noted:

One of the greatest attributes of Simple Ledger Protocol (SLP) tokens is how light-weight they are. Create a token for any occasion and when you’re done with it just send your tokens to a wallet which doesn’t support SLP and they will be safely burned and the underlying BCH will be recaptured.

Another great NFT art token by @brianxv15

Art on the blockchain!https://t.co/qGQrs4XRjI pic.twitter.com/oe6sbPupQf

— Gabriel Cardona (@cgcardona) September 18, 2019

Sideshift’s Sia, Honestcoin Transparency Report, and Nonfungible Tokens Built on Memo

Another interesting development in the SLP environment is the peer-to-peer trading platform Sideshift.ai’s SLP token called sia. The new token is basically like an exchange rewards coin that gives “exclusive services and privileges on Sideshift AI ecosystem.” Sia was added to the exchange Coinex last month currently the token is trading for roughly $0.04 per sia. There’s a max supply of 210 million sia coins and the token has seen $805,000 in 24-hour trading volume this Friday paired against bitcoin cash. Another token that has seen more infrastructure support is the stablecoin built on BCH called honestcoin (USDH). The SLP-centric trading exchange Cryptophyl recently added USDH support to the platform and also published a transparency report for the new listing. The report outlines the steps Cryptophyl took to “conduct due diligence on Honestnode, the company behind USDH.”

Cryptophyl collected information on Honestnode which consisted of “blockchain token data, information pertaining to the legal structure and registration(s) of the project, information about the team behind Honestnode, KYC documentation for persons with significant control over the company, KYC documentation for company executives, and copies of contracts for key commercial relationships.” The exchange transparency report concluded:

We decided that the Honestcoin team was able to meet and exceed our high listing standards. There is always room for improvement, and we are looking forward to seeing the first audit to be carried out by Cohen and Co. The publicly available roadmap and future products we can expect from Honestnode give us confidence that they are positioning Honestcoin to accelerate cryptocurrency adoption.

The SLP trend hasn’t let up and passionate BCH supporters continue to push tokenization to new levels. There are discussions every day concerning SLP tokens on social media and BCH forums. People have also been creating NFTs on the memo.cash onchain microblogging platform. The same person who created the NFT art token silverII, also published a two-minute demonstration video teaching viewers how to create NFTs using memo.cash. In the last 30 days, the most used SLP tokens include the bread emoji token, spice, tribeos test token #3, official SLP token, beer, and the realmx token created for the Realmx video game.

What do you think about the ongoing development happening with the SLP ecosystem? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock, Cryptophyl, SLPVH 2019, and Twitter.

Did you know that Bitcoin.com’s BCH Block Explorer can query SLP token transactions? Check it today to search and find Simple Ledger Protocol token’s within the BCH network. Our Blockchain Explorer tool will allow you to view all previous BCH and BTC transactions as well.

The post SLP Token Environment Built on Bitcoin Cash Continues to Expand appeared first on Bitcoin News.

BCH Microblog ‘Member’ Shows the Future of Reddit-Like Forums

16/09/2019 by Idelto Editor

BCH-Based Microblog Member Shows the Future of Reddit-Like Forums

Since the Bitcoin Cash upgrade in May 2018, software developers have unleashed a slew of microblogging protocols that utilize OP_return transactions. One application called Member is a BCH-based browser that makes use of these types of transactions and the extra space added to the data carrier size. While still in its infancy, the Member platform has matured into a censorship-resistant Reddit but with geolocated posts, reputational ratings, and native BCH tipping.

Also Read: At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows

The Member Client Continues to Grow

Years ago, Reddit was an interesting online place that allowed many groups to connect, share news and content, and discuss in a forum-like atmosphere. These days, Reddit is synonymous with mass censorship and deplatforming as the corporate entity has banned a variety of subreddits this year. The crypto community caught wind of Reddit censorship last year when the company removed the subreddit /r/darknetmarkets. Reddit users can’t even trust the company’s founder and CEO Steve Huffman who was forced to apologize when he got caught altering pro-Trump related thread comments.

BCH Microblog 'Member' Shows the Future of Reddit-Like Forums — Reddit censorship has increased significantly in recent years.

Bitcoin supporters have seen severe forms of censorship on the subreddit /r/bitcoin as the owner and moderator Theymos and his minions deleted thousands of comments from visitors and suppressed the conversation during the block size debate. Last May, a former moderator who worked alongside Theymos told Bitcoin.com’s podcast host Matt Aaron how he was removed from the group of administrators after he failed to toe the line. Censorship like this has driven the BCH community to foster censorship-resistant microblogging communities like Memo. In tandem with Memo, another application called Member could push the Reddit-like forum concept to new heights using the BCH chain.

Member has been around for some time now but the application has matured a great deal since news.Bitcoin.com reported on it last year. The application’s creator, a developer called Freetrade, describes the platform on Github, calling it a BCH blockchain browser. “It reads and allows users to create actions in the Memo/Member protocol — The client is an HTML5/JS BCH blockchain browser app with no outside js dependencies and it can be run from a website, or from a local file system,” Freetrade’s Github repo details. “Currently it connects to the Member server to get content, and uses Bitbox to get utxos and broadcast transactions.”

Getting Acquainted With the Member App

In order to use Member, you need to have an account with the social network and microblogging app memo.cash where all posts are permanently recorded to the Bitcoin Cash chain. You can sign up for Memo here and it’s a good idea to fund your Memo wallet with a small fraction of BCH so you can post on memo.cash and the Member platform as well. To access Member, go to the website and press the “Login” tab at the top right side of the screen. You can also sign up directly from the Member Login page by pressing the “Create New Account” tab.

Member will tell you to connect your wallet address to get started so you can post. After pressing “Ok,” Member will direct you to a page that shows your new BCH address so you can send a small fraction of funds. If you already have an account or started by signing up for memo.cash using the link mentioned above then Member asks you to paste your Memo private key (compressed WIF format, starts with ‘L’ or ‘K’) into the Login window. After these steps are complete, you are free to explore the Member app but also to create posts, upvote, tip people BCH, and initiate a geolocated post.

To create a new post on Member, simply press the “New post” tab on the upper left side of the user interface. The platform will open a window that allows you to customize a new post with a title and text. You can also post a memorandum or post directly to the memo.cash feed. After creating a post, other Member users can reply to the thread just like a traditional Reddit post and they can “like” the post as well. Moreover, you can be tipped bitcoin cash as Member offers a native BCH wallet that allows for tipping users. If you observe Member’s main feed, it’s set up similarly to the front page of Reddit and there’s a large variety of threads and discussions hosted on the feed. Additionally, you can check the most recent posts on the Member feed by pressing the “Posts (new)” tab on the upper left side of the screen.

Geolocated Posts, 2,000 Characters, and a Reputation System

You can also tether your location coordinates to a custom message using the Member app. At the top left side of the screen simply press the “Map” tab and the website will take you to a map of the world. Like a traditional geolocation map, your browser will ask you if you want to give the Member map your location coordinates so you can get a visual look at your area. The choice is optional but if you do, you can tie a special message to your location that’s written on the BCH chain. Essentially you or anyone can tether a message to any location in the world for less than a U.S. penny at any time. Just click the map with your mouse pointer to select the message location, write it and post it to the Member map. After a few minutes of exploring the Member app’s features, the platform is relatively easy to understand and use.

Member’s creator Freetrade has been hard at work adding more services to the application like reputational ratings and increased character limits for messages. The software engineer recently made it so Member users can reply with much longer character limits. “Member now allows 2,000 character replies by chaining transactions together — Member also treats topics more like subreddits,” Freetrade told BCH supporters on September 15. This announcement got the /r/btc community on Reddit pumped due to their intolerance of censorship. “Wow, now we’re talking,” a BCH proponent opined after Freetrade revealed the 2,000 character extension. “Reddit is slowly dying because of censorship and abuse from admins — If we could create a decentralized alternative on BCH that would be huge,” he added. In addition to the character extension, Freetrade has introduced a web of trust infrastructure to the Member platform. The new idea allows you to rate other Memo profiles using the Member app by giving them a public trust rating. Freetrade has shown that as the reputation system matures, robust trust graphs could be created.

There’s been a lot of development within the BCH ecosystem and Member’s improvements have bolstered a microblogging and censorship-resistant Reddit-like experience. As with most peer-to-peer and decentralized blockchain applications, Member needs to gather more users over time. Memo and Member have seen a lot of lively users since they were created and both have grown a great deal. While projects like Blockpress have fallen to the wayside and are now defunct, the Memo and Member apps have remained strong after the long crypto winter and the blockchain split in November 2018. One difference between the two clients is the Memo protocol browses both BCH and BSV blockchains but the Member app only browses the BCH chain. Freetrade continues to work on making the Member client more robust and has put together a list of certain elements of the project he could use help with.

What do you think about the Member client? Let us know what you think about this project in the comments section below.

Image credits: Shutterstock, Member, and Pixabay.

Do you need a reliable bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy bitcoin with a credit card.

The post BCH Microblog ‘Member’ Shows the Future of Reddit-Like Forums appeared first on Bitcoin News.

Social Network Memo Adds Decentralized SLP Token Exchange

14/08/2019 by Idelto Editor

Social Network Memo.cash Adds a Decentralized SLP Token Exchange

The Simple Ledger Protocol (SLP), a token creation system built on top of the Bitcoin Cash (BCH) network continues to mature as developers have released a number of third-party applications that support SLP tokens. Now the onchain, BCH-based social network Memo.cash has implemented an SLP token exchange allowing people to list SLP tokens and sell them for bitcoin cash.

Also read: Creating Your Own SLP-Based Token Using Memo

The New Trustless Onchain SLP Token Exchange

Memo.cash is a popular social network that’s built on top of the BCH chain where every action uses an onchain transaction. For a while now Memo has accrued users and has added a variety of features since the platform’s inception. News.Bitcoin.com recently reported on the application adding the ability to forge SLP tokens on the Memo platform and to store, send, and receive SLP coins as well. At the time, we gave our readers step-by-step instructions on how to mint an SLP token using Memo and explained that the process takes less than a minute. Since then, the engineers behind Memo have added the ability for people to trade SLP tokens onchain in a safe environment. The new exchange service utilizes an open source decentralized trust-less protocol that accepts purchase offers and transfers using an atomic transaction.

The creators of Memo noted that the new feature that still has limited functionality and people using the exchange should understand there might be bugs. When you visit the Memo exchange page, you’re greeted with options like viewing the tokens already listed for sale, the ability to sell a token, and a list of offers you already created. Right now, looking at the listings page shows there are tons of SLP tokens being sold for various amounts of satoshis. Well-known SLP tokens such as Honestcoin (USDH), Spice, Honks, BTC2, and Trump are being sold alongside coins you probably never heard of. The exchange listings show when the tokens were listed, price, seller, and a tab that allows you to purchase tokens being sold instantly.

Selling Rare Stones

To demonstrate how the Memo exchange operates, I decided to mint six nonfungible tokens from the same address and called them the Infinity Stones or “IFS.” If you want to try to sell SLP tokens using Memo, you will need to register for an account to enjoy the new trading feature. People who know the story of the Infinity War and Thanos will know that there are six stones needed to complete the Infinity Gauntlet in order to harness god-like powers. So I minted tokens using the Electron Cash SLP wallet and each token represents the mind, space, reality, power, time, and soul stones. I designed them to be nondivisible and each stone was represented by only one token. Each stone is also tethered to a URL, which leads to the original Infinity Gauntlet comic book cover.

After the stones (tokens) were forged I sent them all to my Memo account dubbed “Zelda” and prepared to list each stone for sale. On the “List Tokens for Sale” page the Memo platform provides a customizable window to create new listings. On this page, I chose the tokens I wanted to list, how many tokens to list, the price per token, and the total price. I listed the six IFS tokens for 1,560,000 satoshis (0.0156 BCH) per token and for every completed trade Memo takes a 1.5% fee. So the fee for each IFS trade would be a total of 23,400 satoshis (0.000234 BCH).

After creating the listings for all six stones, I then tweeted out my IFS sales on Twitter to let people know I had some rare nonfungible tokens for sale. Not long after sending out my tweet, well-known BCH proponent and streamer Collin Enstad, host of “Collin’ It Like It Is,” a “no bullshit crypto show,” purchased two of the stones on the Memo exchange. According to Memo, Enstad is the proud owner of the mind and reality stones. Moreover, Enstad decided to sell the two IFS tokens for double the price I sold them for at 3,000,000 and 5,000,000 satoshis. So far there are four Infinity stones (IFS tokens) left waiting for someone to snatch them up at my price in an attempt to control the universe. Someone will have to buy them at Enstad’s price to capture his two stones. The Memo.cash SLP exchange has a lot of potential, but once an offer is submitted there is no way to cancel it right now, the Memo engineers have explained.

https://t.co/W1Y8pMkENU pic.twitter.com/hdmFZPPymD

— Jamie Redman (@jamieCrypto) August 14, 2019

Memo’s New Feature Augments the Broad Range of Support for the SLP Token Universe

Memo adding a decentralized way for people to swap tokens for BCH in an atomic fashion bolsters the social network’s powerful features. Just like the latest Cryptophyl exchange and the upcoming Exchange.Bitcoin.com, which will launch on September 2, the new Memo SLP marketplace also adds more trading liquidity to these unique tokens. Furthermore, well-known trading platforms like Altilly Exchange, Coinex, and Coinsuper are all listing SLP tokens. With all the exchange endorsements and wallet support from clients like Badger, Ifwallet, Cresent Cash, and Electron Cash, the SLP universe continues to showcase enormous amounts of innovative possibilities. Further, Bitcoin.com will soon be launching an SLP token dividend tool that allows people to pay dividends to groups of specific SLP token holders. Memo’s recent trading platform for SLP tokens has been welcomed by the BCH community, while also highlighting the innovation taking place within the BCH and SLP development community over the last few months.

What do you think about the ability to sell and purchase SLP tokens using the social network Memo.cash? Let us know what you think about this subject in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned software and trading platform. Bitcoin.com or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, software, exchange, or services mentioned in this article. This editorial review is for informational purposes only.

Image credits: Shutterstock, Memo.cash, Marvel, Wiki Commons, Infinity War, and George Pérez.

Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The Local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. Also, we just announced launching a cryptocurrency exchange on September 2, 2019. Pre-register today at Exchange.Bitcoin.com to take part in the rewards and trading incentives.

The post Social Network Memo Adds Decentralized SLP Token Exchange appeared first on Bitcoin News.

Crypto Social Media is Breaking Free: How 10+ Blockchain Platforms Pay You to Post

04/08/2019 by Idelto Editor

Social media has become so embedded in most people’s everyday lives that it’s hard to imagine life — or even a span of a few hours — without it. While the social media revolution is huge, there’s another revolution within that revolution, driven by users into cryptocurrency, privacy, and immutability: incentivized, blockchain-based social media.

Also Read: US Regulator Plans to Outsource Running Cryptocurrency Nodes

Steemit as Pioneer

Coming on scene as a pioneer in July 2016, Ned Scott and blockchain developer Dan Larimer’s Steemit boasted to be a first of its kind blockchain-based social media platform, allowing users to earn rewards via Steem for posting, curating, and commenting. Many users compared the site’s style to a kind of “crypto Reddit.”

Larimer, the creator of the Bitshares DEX, DPoS (Delegated Proof of Stake Algorithm), and the current CTO of Block.one (EOS developer), built the site with co-founder Scott on the Steem blockchain, a Graphene-based, DPoS chain. While the site enjoyed initial, highly sensational success — with one well-known and controversial libertarian podcaster raking in $15,000 for a short “introduce yourself” post — user interest has since flagged significantly. A series of seismic management and corporate structuring shifts (including Larimer leaving the project in 2017), coupled with the crypto winter of last year, saw many loyal users searching out greener pastures.

One thing that Steemit did help establish, however, was the potential of blockchain technology to provide relative censorship resistance and successfully reward users for engagement. Neither the platform nor other users could deplatform anyone by reporting or flagging a post (a huge problem currently for many giants in the field like Twitter, Facebook, and Youtube). And when the first payouts came in the summer of 2016, a massive wave of excitement ensued. However, troubles with spambots and abuse of voting power would prove to be significant challenges down the road.

Steemit ‘Spin-Offs’

Seeking to improve on the shortcomings of the Steemit project, newly-launched (April 2019) Narrative.org has become a home to crypto bloggers interested in a less “wild west” and more centralized approach. Narrative is supposedly more resistant to the abuses which would come to plague Steemit. Multiple account creation is difficult due to KYC policy, and communities are organized around niches (tags) owned by users who can reap monetary benefits for ownership, and elect moderators (a feature not yet implemented on the beta version site) to keep spam from overwhelming the network. A central tribunal exercises executive decision-making power and moderates mostly democratic community activity.

Another notable “spin-off” of Steemit (in this case, admittedly, directly inspired via a pizza purchased with Steem rewards) is Japan’s first blockchain-based social media site, ALIS. Similar to Narrative, ALIS focuses on niche interest groups (like crypto enthusiasts and Japanese manga readers). Though current financial regulations present hurdles for the group, CEO Masahiro Yasu and company maintain their vision of helping users “find trustworthy articles and people quickly” in lieu of depending only on spammy Google search results and unreliable mainstream media. Quality content and curation are rewarded with the ALIS token.

BCH Joins the Party

Emerging on April 15, 2018, on-chain social media site memo.cash was launched on the BCH network. With features like native tipping and SLP token creation, Memo is a unique and multi-faceted way to interact with the Bitcoin Cash blockchain. The platform was notably mentioned in July by Ethereum co-founder Vitalik Buterin, when he suggested that the Bitcoin Cash network might provide a temporary scalable data layer for Ethereum:

The BCH community seems to be friendly to people using their chain for whatever they want as long as they pay the tx fees (eg. https://memo.cash)

Though not as visually ornate as some blockchain-based platforms, users are drawn to the functionality and innovative aspects of the platform. The ability to authentically timestamp important information and make it virtually immutable, for example, is an important feature to many. This particular application has been suggested to Twitter CEO Jack Dorsey as a means by which to allow verifiable editing of Tweets.

Honest.cash

Another platform built using the Bitcoin Cash blockchain is Honest, which was launched in November, 2018. In keeping with the theme of free speech, the site affirms that:

The internet should reward quality thinking and be a place for an uncensored discussion.

Direct voting via a user wallet allows bloggers to receive BCH for their posts when other users upvote, or, like Steemit and Narrative, when successful curation occurs. While the site is still growing and completing its V2 migration, community members and the honest.cash core team and creator, Adrian Barwicki, are active in development and support via the Honest Cash Telegram chat.

Comparative List of Popular Crypto Social Media

Decentralized, incentivized blockchain and crypto-based social media offer alternatives to popular platforms like Twitter, Reddit, Youtube, Instagram, Facebook, Medium, Linkedin, and Patreon. Here is a list of some of the most popular sites:

Bitchute: P2P, web torrent video sharing platform. Monetization available via Bitbacker, Coinpayments and others. Main user interests: politics/activism. Alexa ranking: 4,024. Similar to: Youtube.

Steemit: Steem blockchain-based social media platform. Earn Steem and Steem Dollars (USD soft-pegged asset) to post, comment, and curate. Main user interests: advice, finance/economics. Alexa ranking: 5,255. Similar to: Reddit.

Dlive: Lino blockchain-based video sharing platform. Formerly built on the Steem blockchain. Earn Lino points to post and engage. New home to Pewdiepie. Main user interests: gaming (livestreaming), animation, analytics. Alexa ranking: 5,748. Similar to: Youtube.

Minds: Open source social media platform. Earn Minds ERC20 tokens for contributions. Main user interests: politics/activism. Alexa ranking: 9,611. Similar to: Twitter/Facebook.

Dtube: IPFS-based, Steem blockchain dapp. Video sharing platform. Earn Steem to post and curate. Main user interests: news, visual arts. Alexa ranking: 24,832. Similar to: Youtube.

Earn: Coinbase’s targeted microtask earning platform/app. Earn crypto by replying to emails or completing small tasks. Main user interests: economics, technology. Alexa ranking: 59,172. Similar to: n/a.

Narrative: User-governed social media platform for bloggers. Earn NRVE tokens to post, comment, curate, moderate, and own niches. Main user interests: n/a. Alexa ranking: 129,990. Similar to: Medium.

Scorum: Sports and betting-focused blockchain-based platform. Earn SCR coins for content creation and curation. Main user interests: sports, gambling/betting. Alexa ranking: 138,365. Similar to: n/a.

Voice: Block.one EOS-network-based social media platform. Earn Voice tokens for contribution. Identity-focused user validation. Main user interests: n/a. Alexa ranking: 204,857. Similar to: n/a.

Memo: BCH blockchain-based social media platform. Earn BCH via posting. Data is stored direct to blockchain using OP_RETURN. Main user interests: Bitcoin Cash, blogging. Alexa ranking: 369,947. Similar to: Twitter.

Sapien: Democratized, Ethereum-based news platform. SPN tokens serve as stake in the network facilitating interaction. The site aims to combat unreliable or “fake” news. Main user interests: news. Alexa ranking: 430,729. Similar to: n/a.

Indorse: Ethereum-based coding evaluation and assessment recruiting platform. Earn IND tokens for activity on the network. Main user interests: coding, recruiting. Alexa ranking: 523,854. Similar to: Linkedin.

Bitbacker: Crypto-based fan-funding platform. Garner support for projects and posts from your fanbase. Main user interests: n/a. Alexa ranking: 1,159,103. Similar to: Patreon.

Obsidian: PoS blockchain with an encrypted mobile messaging app/platform. Earn ODN tokens for securing the network. Main user interests: n/a. Alexa ranking: 1,442,289. Similar to: n/a.

Socialx: Photo and video sharing blockchain-based platform. Earn SOCX coins for contribution and licensing. Main user interests: n/a. Alexa ranking: 2,030,873. Similar to: Instagram.

Honest: BCH blockchain-based blogging platform. Earn BCH for content creation and curation. Main user interests: n/a. Alexa ranking: n/a. Similar to: Medium.

Local.bitcoin.com: P2P, encrypted trading platform. Offers non-KYC, P2P trading of BCH. Main user interests: cryptocurrency. Alexa ranking: n/a. Similar to: Localbitcoins.com.

(Information based in part on Alexa rankings and data from August 3 and 4, 2019)

It’s Anybody’s Game, But the Game Is Here to Stay

The aforementioned Larimer of Steemit fame, along with Block.one CEO Brendan Blumer, has now jumped into the social game once again with his new platform Voice, whose launch was announced June 1. During a recent Telegram Q&A, however, when potential users voiced privacy concerns about strict KYC policies of the platform, Larimer didn’t seem overly receptive:

It should prove interesting to see how the new site develops and fares against the others with drastically different philosophies and mission statements.

However different these platforms may be, it’s an exciting time for social media enthusiasts, crypto lovers, bloggers, developers, journalists and entrepreneurs alike, with the proliferation of this new generation of social media providing unique opportunities in cryptocurrency and security for users.

What are your thoughts on blockchain-based social media? Did we miss one of your favorites? Let us know in the comments section below.

Image credits: Shutterstock, Fair use.

Did you know you can also buy Bitcoin Cash online with us? Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

The post Crypto Social Media is Breaking Free: How 10+ Blockchain Platforms Pay You to Post appeared first on Bitcoin News.