BitCoin SV Makes Cents
The continued restoration of the BitCoin protocol back to it’s original state will usher in the transformation of today’s internet into the Metanet – a new value network.
The Metanet is the next iteration of today’s internet and enables entrepreneurs and developers to create new ways to distribute content, store data and monetize the web through the use of microtransactions.
Microtransactions are the fees paid for the processing of data over the BitCoin SV blockchain. According to bitinfocharts.com, the average fee is currently 0.0000069 BSV ($0.0018) USD) 0.000000011 BSV/byte.
These incredibly low, sub-cent fees allow for the creation of revolutionary new business models that have never been economically feasible on the Internet – at least until now.
What we are going to actually create is a secure alternative to the Internet, built on the blockchain. The Internet becomes a sidechain to the Bitcoin blockchain. The Metanet is a value network—the entire global system of online activity and data connected commercially.
Dr. Craig S. Wright – nChain Chief Scientist, December 5, 2018
To date, there have been countless applications that have already been released and that are currently available to use by the general public. These applications allow anyone to earn instant micropayments for clicks, content, and data.
In this article, I will help make ‘cents’ of just a few of the these exclusive BitCoin SV applications – one of which is being used on this website and even in this article!
Advertising
TonicPow is a disruptive ad and content distribution BitCoin business that improves upon the existing online advertising model. Through the use of microtransactions, advertisers post bounties for user engagement while the users who promote them earn BitCoin in return. This project received a second place 100 BSV prize from the Bitcoin Association hackathon in June of 2019.
This is how it works: Advertisers submit their ad through the TonicPow website where they fund their campaign, set their own payouts for clicks and conversion goals and can track their progress.
As a promoter, TonicPow is completely free to use. All that is needed to begin earning BitCoin is a valid email and Moneybutton.com wallet address. Users can then browse the current ad offerings and decide which they’d like to promote.
Once an ad is chosen, a link is provided that can be shared anywhere online. As it is clicked by viewers, the set payout is then sent instantly to the promoters wallet address.
Everything is recorded to the Bitcoin SV blockchain, which allows for unparalleled audibility.
Both advertisers and promoters maintain full control of what is shared by completely removing the approval process of current advertisement models such as Facebook and Google.
I originally funded my TonicPow ad with just $10. As the price of BitCoinSV grew, so did my advertising power. To date, I have not had to add any additional funds to promote any of the websites I have created advertisements for.
Bryan Daugherty – Author of BryanDaugherty.net, Creator of ClassifiedSV.com and pressBIT.net
But the creators of TonicPow are not the only BitCoin developers capitalizing on microtransactions. Here are a couple of other innovative applications that utilize the power of BSV:
Social Media
Twetch is one of a host of new social media platforms utilizing the BitCoin SV protocol. The app is “an interface for the blockchain which enables users to read and write information to the chain, pay to post, and earn BitCoin for their messages” in a twitter-like platform.
Twetcher’s earn BitCoin SV from other users who like, comment or branch (share) their posts. Although it may cost a couple pennies to post, quality content that other users enjoy or find valuable can provide a significant ROI.
Recently, prominent profiles have begun joining Twetch hoping to monetize their content and minimize the harm that the deplatforming trend could cause to their brand. These include writer, filmmaker, and journalist Mike Cernovich (544k Twitter followers) and libertarian internet philosopher Stefan Molyneux (446k Twitter followers).
The platform offers many other benefits as well – there is far less trolling than you will find on social media websites like twitter – namely due to the cost to post and it makes for a decent interface to save data or important posts to the BitCoin SV blockchain.
The project is still in beta and has a unusual, but effective ritual for joining.
Streamanity is a video streaming platform built to help creators monetize their content directly from viewers.
It’s very similar to YouTube, however instead of users being served ads and ‘approved’ content creators receiving a small portion of compensation for the views their content draws, the streamanity platform shares 80% of funds with the content creators.
Your fans pay a small amount for watching your video. Your revenue will depend on the number of views you make. The more views you get and the higher amount you charge per view, the more revenue you will gain eventually. You can charge from as low as $0.05/video to as high as you want. Fans can also subscribe to your channel helping you earn a monthly recurring revenue.
Streamanity Website – Publish Content. Get Paid.
Recent Twetch adopter Stefan Molyneux doubled-down with monetizing his content on the BitCoin SV blockchain by posting a video with his answers to a series of rapid-fire challenging questions from the major MAGA website “THE DONALD“.
Streamanity is drawing in all types of users and fans from all across the world.
Daniel Krawisz, Co-Founder of the Nakamoto Institute and Emperor of Bitcoin, has been extremely successful with his thought-provoking and artistic videos on Streamanity.
Daniel covers a range of topics including bitcoin, philosophy, information theory, machine learning, physics, mathematics, evolutionary biology, Austrian economics, cryptography and psychoanalysis.
Streamanity will not want to be like Big Brother and try to control the conversation as YouTube is trying to do because Streamanity does not have advertisers to appease. On Streamanity, people who watch videos are the customers, not advertisers. It is in Streamanity’s interest to cater to a wide variety of thought. In the past, Streamanity’s system was integrated with HandCash and did not require anyone to have a balance on their system. That was better but at the time HandCash was still in beta and there were too many bugs to rely on it.
Daniel Krawisz – Emperor of BitCoin
But just how much can one earn on the Streamanity platform? According to their website’s ‘Estimated Earnings’ slider, a video that is monetized for $1.00 of BitCoin SV that receives just 3000 views can earn $2,400. That same video with 10,000 views can earn $8,000! That doesn’t include tips!
These are just a few platforms that people can begin to use to monetize their websites, videos, blogs and social media content. There are countless other ways to being released almost daily on the BitCoin SV protocol.
With the “Return to Genesis” on February 4th 2020, enterprise-grade scaling and stability will become fully realized on BitCoin since it’s first release on January 3rd 2009.
Once the upgrade removes the remaining limits that have plagued other SHA-256 protocols like Bitcoin Core and Bitcoin Cash, more use cases will emerge allowing for greater adoption and enterprise-level utility – just as Dr. Craig Wright / Satoshi Nakamoto originally intended.
I offer this content for free with no expectation for compensation, however, if you found this to be valuable, please feel free to show your appreciation with a tip in BSV at: $Bryan at HandCash or Bryan@Moneybutton.com.
You can learn more about my own BitCoin SV projects at ClassifiedSV.com and pressBIT.net.
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