News just in.. The top 30 wealthiest accounts on hive have been charged. A charge doesn’t constitute guilt. Evidence will be provided in upcoming posts on complicit negligence in provision of an unsafe chain. Certain forms of negligence are a crime in certain jurisdictions..
@themarkymark will begin serving a 7 year ban tomorrow.
https://www.youtube.com/watch?v=LwYVTiJAjXA
For some, simply performing tasks through a proxy account or posting data off chain might be acceptable. However, there are no rewards under this scenario.
Well there is with bitcoin myk and bbd coin project. This is why i think ultimately bitcoin myk will defeat most crypto projects. the good news is the adoption it will bring will indirectly help hive as btcmyk and bbd will trade against hive.
So here’s why. Freemium services. So the proposition is you can get a free bitcoin myk account with free bitcoin myk and bbd coins and trade it for hive. Now yes we lose alot of money and energy in the beginning absolutely. Freemium services do that so you gotta believe in what you doing.
it is more likely venture capitalist or philanthropist donors will ultimatley fund bitcoin myk but keep in mind they do this all the time. Jack dorsey donated $15 million to ubi projects.. elon and zuckerberg support them. Andrew Yang ubi foundation received over $5 million so it’s alot of startup money now going into ubi projects thats like well over 10-20% of the entire hive market capitalization and that’s only if you include the fluff and the hyperinflated prices which as we know isn’t even real capital.
the actual capital in hive may only be around 3%.. which means the actual value that went into hive could be under $10 million. So we talking peanuts.. So what’s a better pitch? Easy adoption, free money highly adopted network worth potentially billions with a free rewards system.
Will this work? The short answer is yes. When will it work.. I think it’s going to work when we receive our first round of good seed start capital. The thing is i think that’s going to be easier than people think at which point everyone will switch to us.
Although i now disagree with a dao like venture capitalist model. i think it’s still going to be probably more easier to go the route of a foundation and just have rich benefactors donate to us and morph into that area. Dao funding in crypto i still think is premature and weak. However bitcoin myk and bbd coin getting several donations to the foundation for some rich prick billionaire to write off on their taxes is much more plausible.
In the end i don’t really care whether it comes from the institutions. the philantropist or whomever. We care that it moves into the realm of decentralization in every aspect of that which is important.. meaning not just if you have the most money you make the most decisions..
thats a dumb model doomed to fail because we know it is merit that makes the best decisions not plutocracy so that shows me a vast lack of intelligence in the crypto commuinity that we’d create models that support that narrative. in the end no matter how it goes or how irrational human beings are i will be correct. it is inevitable and i got the time and patience to see it through.
https://leofinance.io/@mykos/re-taskmaster4450-6jwaab
The onslaught of Terra Luna has taught us one thing. No crypto project is too big to fail. It has taught us algorithmic stable coins which are oxymoronic in themselves are out of favor. As well it’s taught us greed in fact is not good”.
So i will underline some reasons why the hive blockchain may fail.
Reason 1
Assholes at the helm.
Although that may not seem problematic but it can be a big determining factor in the general acceptance and support of a project. The reason hive may fail is the deliberate exaggeration of the influence system.
As to say most communities don’t like assholes.. Do Kwon was a known asshole. Project head asshole = project fail. Assholes encourage people to leave not stay. The unfortunate case of hive is that it is often assholes who wield the most power to the detriment of hive. This may hinder growth and acceptance as well as not create a faith based system in the currency or project itself. The psychological factors in relation to this shouldn’t be ignored as at the end of the day your community and what type of community you have can be the determing factor to the success of the project.
Reason 2
Outside market conditions corelational to the value of cryptocurrencies.
The misconception of the standard economy and stock market has no impact on crypto is a false narrative. We’ve been lead to believe that crypto is a better performing asset class than the stock market. The reality is the stock market and cryptocurrency is joined at the hip and follow a similar pattern in their decline.
The predictions are our standard economies will perform poorly as well as the stockmarket over the next several years. So it’s already playing out with job losses, poor market performance, inflation and no doubt due to debacles like the terra luna situation more regulation to crypto.
This may even go so far as to suggest as some have predicted a $3000 bitcoin which generally translates to this will have an even greater impact on altcoins like hive. As to say a $3000 bitcoin could result in a very deficient hive price which is more likely than not due to the condition of the standard economy. As to say even poorer performing crypto assets have a greater chance of going away forever or dying out than top 10 crypto projects.
Reason 3
Hive is not truly decentralized whether. we consider, mining, developmen, geography, exchanges and wealth.
Some would even go so far as to say with the downvoting you create a type of censorship so to the communities outside of hive it probably doesn’t feel decentralized.
So next what you would have then is the lack of interest in a product that doesn’t fulfill it’s objective. The catch 22 is even as worse. As what is mostly presented as a decentralized social media platform actually tries to become that with apps etc., this doesn’t work well for something that probably works better as a centralized hub to grow the network. So it woudl be similar to saying facebook is decentralized but because it is there can be no facebook company thus it can’t make money and so development is all over the place not organized with no true direction to go in.
So then it becomes a disorganized business at the end of the day with no true course of comprehension to pursue. This in fact would make for an incoherent business direction which generally is a bad thing in business which means one of the most needed elements to such a platform.. the business angle could not exist in an efficient way which makes it quite the inferior product to getting anything that’s needed for the community towards the community done.
Reason 4
Nobody willing to take the fall and absorb losses. if we look at the early days of bitcoin. Many bitcoiners were working in development.. marketing for free at their own cost. Supporting the chain at no profit. These sacrifices created one of the biggest strides to the next financial system not realized in over 4000 years.
The sacrifices made in ideas like bitcoin don’t exist on the hive blockchain. Every creation.. every design someone wants to profit from. It’s only one project i know of that is a serious project on the hive chain that doesn’t profit but only exist much like bitcoin for the advancement of humankind putting that ahead of profit..
That project is called Bitcoin MYK with it’s companion crypto the BBD coin or the Bitcoin MYK backed dollar. These projects act more like monetary system, nonprofit organization, foundation than for profit business. For profit businesses on the hive chain not only present massive challenges in their legalities.
To the authorities and regulators most projects on the hive chain would be little more than an avenue to skirt around securities laws and scam people due to the concentration of expectation of profit which violates the howey test making many of these products unregistered securities. A true regulatory issue that i’m sure will be examined as the regulators get more heavy on crypto.
Bitcoin MYK on hive as well as BBD coin, occupies a place as currency system not for profit business. This type product spreads more economic prosperity through the course of the citizens dividend. It uses ,multichain approach to allow for scaling and removing a great deal of inflation through being second layer whereas miner fees directly flow to the 1st layer. This presents a more favorable outcome to investors.
Products like these could be the saving grace of hive provided it is community accepted on the chain however, as Bitcoin MYK and BBD coin is multichain other communities on other chains will be able to save themselves using the system.
Our predictioni s failure to use systems similar to this raises the chances of some of the less valuable chains.. typically chains outside of the top 100 will have very little chance of survival in the coming months.
In other words the lack of social cohesion and dynamics like experienced in early bitcoin where it was more socially driven first than financial. Takes out we believe to be an important piece of the equation.
We’re aware of the great optimism that exist in crypto.. even that once existed with projects like Terra Luna. The problem is have you considered the alternative that hive may in fact fail. Or have you become romanticized without considering outcomes to protect yourself?
https://www.youtube.com/watch?v=5fXJArPRlQQ
BBD – Upvotes For Tokens Is Back!
Back by popular demand the highly valuable BBD Coin will give you value for your upvotes back in the bbd coin.
How do i get started?
Simply register an account on bitcoinmyk.com click verify account and start upvoting our posts.
How much will i receive?
Upvote value will correspond with the net value from upvote in the value of bbd coins.
Are shit tokens accepted?
Some major shit tokens may be accepted. Check on bitcoinmyk.com to inquire about acceptance of your shit token. At this time only leo and hive is accepted that may change in the future. Blurt and others may soon be accepted.
So what are you waiting for.. Start upvoting and you may earn some bbd coins!
I was graced today with a story given to me orally. I don’t know the author or source of the story. I didn’t look it up .. No idea if it’s a book or a well known story. I only know that it was delivered in a way that left an impact on me.
The story speaks about a king who sat on a throne and one day watched his floors being mopped. He asked the person mopping the floor.. “Why are you so happy mopping the floor”.
The mopper explained he loved the simple life and a simple job with no worries.. with a great family and nothing to bother him.
This disturbed the king so much he asked one of his advisors to find out if it’s true his life is so great. of all the moppers in the kingdom he was the only happy one.
So the king’s advisor created a plan to entrap the mopper. He left 49 gold coins on the worker’s doorstep.
The mopper finds the gold coins and tries to determine if i’ts real gold. He bites the gold. He then tells his family they have gold coins.
Then the mopper stops puzzled. He goes why are there only 49 coins? he turns the bag of gold upside down.. looks all over the place for the 50th coin.
He shouts out: There has to be a 50th coin!
The mopper returns to work the next day to mop the floor. The king watches the mopper and speaks to his advisor.
Hmmm.. says the king, the mopper no longer seems happy. The advisor quite happy with his work tells the king he can now happily relax.
THE END
The 50th gold coin tells a story of a man who was happy with nothing who later received received wealth only to be obsessed with more money in a pursuit that ends in him not being happy at all.
Bitcoin MYK, has intiated a bitcoin fork splitting the tokens at a ratio of 4.7619047619 BtcMyk to 1 Btc. The token originally consisted of 100 million tokens divided by the 21 million btc tokens.
The 44 bitcoin forks haven’t worked out as efficient as many would like. The last fork consisting of BCHABC and BSV where utterly chaotic. Bitcoin MYK will fork the same, however it will be significantly different from what happens prior to the actual fork during the snapshot.
Bitcoin Wave Network
The Bitcoin Wave Network allows bitcoin to act as a store of value or “gold”. Bitcoin Myk acts as the representative money backed by the bitcoin in the owner’s wallet. The value and changes in the ledger as reflected by the bitcoin myk network uses a social media private key. This is a network that verifies unique holders of bitcoin to bitcoin myk tokens by use of social network profiles. Several profiles authenticate the owner of the wallets. So that the ledger to a unique wallet and holder are not able to double spend by moving funds from one wallet to another.
Bitcoin MYK, will continue to distribute tokens to every bitcoin owner who’s balance exceeds their last BTCMYK token claim. Bitcoin MYK will also function on the Waves blockchain. Waves blockchain moves super fast which will make Bitcoin Myk a viable option for a payment system.
It has become clear to the cryptocurrency space that Bitcoin works better as a store of value and not a money transfer system. The additional bitcoin forks such as Bitcoin Cash or (ABC), has worked as a payment system however due to the latest fork and bitcoin price has discouraged many from using the tokens. So alternative tokens that don’t reward in bitcoin or represent the philosophy of bitcoin have now become options for sending payments. Unfortunately this is still out of sync with the original vision of bitcoin.
Every bitcoin purchase that raises your bitcoin balance beyond your last btcmyk token claim. Will net you the additional tokens. Besides being a bitcoin fork that continues to give additional balanced btcmyk tokens to the users who buy bitcoin. The coin has in place several projects that will be discussed below supplied by the team to grow and improve the value and uses of cryptocurrency to a mass adopted option for money transfers and improvements to monetary policy and the system.
Bitcoin Myk is a cryptocurrency which will convert user activity into tokens. The (POP) Proof Of Participation model. This ” attention based” value will be verified through consensus throughout several blockchains of activity.Bitcoin Myk is different than most tokens in that activity in itself is the currency and value. User activity produces the token and places value in it. This process is verified against several blockchains assigning value of their tokens which are then held and converted into the Bitcoin Myk market which trades on the Waves Dex against Bitcoin, Litecoins, Ethereum and Waves. This works based on activities from blockchains and websites that are conveyed back to us. This may be in the form of referral services or reported viewership, completed offers, etc. in exchange for tokens.
Bitcoin Myk aims to solve issues in cryptocurrency by addressing the complex barrier between mass adoption and investments termed “high risk”. Bitcoin Myk first educates through social media and informational products how to use cryptocurrency. It as well uses (POP) Proof Of Participation model that allows users to gain cryptocurrency without first risking any capital to participate. A simple to use website that directs them to an easy wallet which is on the Waves blockchain in a very simplified way helps new people to get into cryptocurrency have a wallet and access to send funds in a few steps. This is very important to mass adoption to cryptocurrency. This may also help to elleviate the bad stigma attached to cryptocurrency over years. The idea of scams, pyramids as well as severe learning curves that discourage users. Cryptocurrencies who have tried social media as introductory methods into crypto are plagued by the issue of statistics and data which only allow about up to 5 minutes per day of social media use. The end result is often times people losing interest or walking away. Our direction is an extremely simplifed approach accustomed to normal online activities. The value of participation in third world countries and hyperinflated economies. It has become evident to us that one of the best use cases for cryptocurrency is use in countries with failed economies. Black markets and barter systems seemingly arise from such economies. However the instability of an economy isn’t in any shape or form a comparison of the value of the occupants of said land. This is to say that value and transferrence of value and conceptual perception of values is a human trait. This is not a universal trait. Value derives from human beings. This means that this particular demographic would still have abilities. skills and value although not able to be reflected in their present economy.
Bitcoin Myk would facilitate a way to trade this value through our participation model directly which wouldn’t require a fiat to crypto swap. This significantly keeps this particular group out of crypto. Although their value still exist. So they would receive crypto in Bitcoin Myk which would create a valuable crypto ecosystem within itself. This will allow a global market to use and accept payments in Bitcoin Myk .
Bitcoin MYK Deflation
Bitcoin MYK, aims to be the most deflationary of cryptocurrencies. Bitcoin MYK is a universal bridge cryptocurrency that gives out UBI to 80% of the globe. The project recognizes UBI as a mass adoption vehicle. The value of Bitcoin MYK comes from btc holders claiming btcmyk as a means to transfer it from blockchain to blockchain without remvoing their value from btc. This allows btc holders to keep their bitcoin safe in their wallet as gold. This allows btcmyk to act as a money to btc holders.
This is significantly different from using altcoins to facilitate movement of bitcoin as they depend on swapping coins for other altcoins. The purchase of other cryptocurrencies or leaving their btc in the custodial capacity of some other group or entity which could create legal issues or even break banking laws around the globe.
How btcmyk continually becomes deflationary is by burning cryptocurrencies or leaving them in cold storage wallets coins against their volume of transactions. This is done on a 1 to 1 ratio. For example $1 million worth of btcmyk cryptocurrencies traded would equal the same value amount of coins burned. Bitcoin holders every month have incurred a 1% penalty for not claiming their btcmyk tokens. At this time btc holders can claim at a ratio of 4 to 1 minus a 6% transactional fee penalty. This is because our network allows for transactions to be free through a btcmyk token claim program equal to the value of your transactional fees every month.
If you fail to collect your btcmyk from btc holdings you incur the penalty. Bitcoin holders who don’t claim by july 31st will incur a 10% penalty and following every month after up until total token burns have been reached. These tokens will then be burned against btcmyk transactions at a ratio of 1 to 1. It is important to note this is not a percentage of the transaction this is burned against the value of each transaction. We believe this will create tremendous value in btcmyk as there are many use cases for this project.
It acts as a universal bridge cryptocurrency. It acts as a money and as part of a social network. It rewards ubi monthly to users as well as tokens for participation on the platform and completing tasks and offers. We believe this project shines significantly greatly than similar projects in that the cryptocurrency will have daily use. Register with our site to start earning tokens tradable at freedom.io, steem-engine market place and waves decentralized exchange.
Earn up to 1 btcmyk token for everyone you refer in the referral program unlimited amount of referrals. Social media influencers with over 2000 followers may be eligible to earn 2000 tokens for placing links on social media profiles. Register and earn 100 tokens to get started.
Transactional Fee System
If you fail to claim your tokens for a calendar month. They will return to circulation and you will have to claim it in the following month. You are only allowed to claim in a given month for that month only. These tokens are used to keep transactional fees free and fund our programs.
[embedyt] https://www.youtube.com/watch?v=twx1A8A6ksA[/embedyt]
Limitations
At this time there is only one ubi token issuance per household.
Funding
The most important question is how is this affordable. Bitcoin Myk will function in theory like bitcoin and many other tokens that have created value for themselves.
The function of Bitcoin Myk will fund the project from attention value” and purchase of the tokens as well as social media and use of this new value to propel the token forward.
In addition to that. Transactional Fee System will circulate back into the ubi program. Failure to claim bitcoin fork tokens will deduct 1% first month and on a gradual schedule will continue to circulate unclaimed tokens back into the system. This will allow every account to make transactions free.
[embedyt] https://www.youtube.com/watch?v=Ian9B_0glRQ[/embedyt]
Services
These services will range from advertising packages. CPC advertising as well as CPM.
