In this video Michael Joseph Presley announces that the BitcoinNYK‑backed dollar (BBD) has surpassed a $2 million market capitalization and explains its purpose, mechanics, and value proposition. BBD is the native token of the BitcoinNYK social network and is used for on‑platform commerce such as purchasing memberships, advertising slots, bonuses, and other premium features. Each BBD is pegged to $1 within the platform, meaning users can always spend one BBD for a dollar‑worth of goods or services on the network, regardless of its price on external exchanges. The token is convertible to the BitcoinNYK token, which the creator likens to “gold,” giving BBD an underlying redeemable value. Presley warns that trading BBD on open exchanges introduces typical crypto risks—speculation, price volatility, and the possibility of selling below its intrinsic $1 value—illustrated with a car‑sale analogy. He argues that the true value of BBD derives from network utility: a growing user base creates demand for the token’s functional uses (ads, membership tiers, exclusive access), similar to how other social platforms generate massive valuations. The video differentiates BBD from meme or stablecoins, emphasizing that its worth is anchored in actual platform services rather than speculative price. Finally, Presley gives a concrete example of buying a $30‑per‑month ad banner with 30 BBD, reinforcing the fixed‑price utility, and ends with a standard YouTube call‑to‑action.
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Welcome back to the channel, guys. I hope you're having a great weekend. Just want to get this video in here really fast. BitcoinMYK Back Dollars, or what's known as the BBD coin, now breaking over a $2 million market cap. So The Bitcoin NYK backed dollar, it's basically on our social network, is basically our, uh, the coin that you use to do any kind of commerce, purchasing, things like that. Membership, if you want to buy membership packages, ads, and a variety of things. And, uh, it's basically like what would be used for the payments of things, right? Now, of course, it's tied to Bitcoin MYK coin. If you think of Bitcoin MYK as gold, you would think of Bitcoin MYK-backed dollars as money, right? As, you know, what's going to be spent, what's going to be used, and so on, right? And it is convertible to Bitcoin MYK coin. Coins. So that's a rundown of the purpose of it right now. Like I tell many people in cryptocurrency, a lot of these cryptocurrencies are very risky, very dangerous. And even though— and it's very important that people understand this— even though, um, you can mint our coins free, pretty much you use social media The proof of participation, the activity, right, inside of it is what creates the value for it. It is important to note that on our platform, the BitcoinNYK backed dollar always has a value because it's what's going to allow you to purchase. It's in units of, of each one is always valued at $1 on our platform, which means you're— you would be able to always buy whether it's membership packages for $1, uh, you know, for, um, uh, at the rate of each one being worth a dollar rather. And we're going to take you over there in a second just to, you know, for you get the gist of it. But, um, you would always be able to— it would always have the value of $1 on our platform, right? And so when you see it on these various exchanges Remember, on exchanges you have— and this is what makes exchanges so dangerous— you have speculators, right? You have people that could be selling the, uh, coins underpriced, right? They could be, you know, even though they could be worth a dollar on our platform, someone for whatever reason, whether they be, uh, just selling at discount, maybe their car broke down, maybe they're about to be put out of their homes for whatever reason, they will, they, they will sell lower than its value on the platform, right? Uh, bringing the price down dramatically. Now that can be very dangerous to, uh, people who are trading this thing on exchange because what it does is it can create a situation, uh, where they can lose a lot of money. And that's what makes it so these cryptocurrencies risky and dangerous. We tell people, like, you use a traditional social network, you know, you're coming on there, the purpose of the social network is to be a communications network, to make friends, to share thoughts and ideas on subjects, whether it be cryptocurrency, the latest news, gaming technology, um, for the express purpose of that, right? Now, of course, you know, people buy cryptocurrency so they can, you know, sell them hopefully more than what they paid for them, right? But it would— that would mean though, within these networks, as you're using these cryptocurrencies, they have a kind of innate value, a value that's related to that. That doesn't mean when they enter on an exchange they can't be less than— let's, let's give you a a key example of what we're talking about here. So let's say you have a Porsche or you have a, you know, Mercedes or some expensive vehicle and you pay $200,000 for this vehicle and it's brand new. It doesn't have any miles on it, but you bought it. You never drove it. It's parked in your garage. All right, well, you decide that you don't want the vehicle anymore, that you wanna sell it, and you wanna go ahead and sell it. You know, maybe it was a wrong mistake at the wrong time. So now you're gonna sell it 20% less than what you paid for, $200,000, right? So that means you'll be selling at about $160,000, about $40,000 less than what it really is, right? So, uh, right there, you've, you've sold the, the value of the car much lower than it really is. The circumstances of which you did that doesn't change the value of the car itself. It just means you made a decision to get rid of it as soon as possible. And that's how these exchanges work, right? So even though on our platform, the Bitcoin on YKBackDollar, the BBD coin, is going to still be able to do the, uh, various things it does on the platform no matter what it is on exchanges. That doesn't mean that people aren't going to take it to the exchanges if they need fast money, if they need quick money, and try to sell it quickly and fast, right, below its actual value as we use it, right? Is that make sense? Okay, great. So, uh, what that means is that if you're speculating on the market with these things, that means you're buying them and then you're trying to sell them higher. You could end up, uh, with the market value not reflecting what we believe to be its true value in connection with the social network, right? If you follow what I'm saying, um, And so, or somebody could pick it up cheaper on exchange, and because they've got it cheaper, they can now sell it still underpriced and still make a profit, right? So they would do that, right? And some people, in some cases, they might feel, well, as long as I'm making a profit, it doesn't, it doesn't really matter if it's underpriced, we're selling it, right? And then, like many valuable things, or valuable products and services as such, um, at some point they can begin to reflect their true value, or they could rise above even their true value to a higher value, which we would refer to as a premium, right? So it's very important that you understand all these things, know the true value of the assets you hold, and and that way that you're not harmed by making decisions that could put you in the, the wrong situation, right? What has proven to be true in many cases is that if you have a social network and you have, uh, uh, growth of users, participants, and people who find valuing these telecommunications daily, what we've seemed to discover is that we're generally hard-pressed to find social networks that don't create a certain amount of value, right? And these values can be very high, right? We have the case of Twitter being sold for $44 billion. We have the case of, um, you know, many others that, uh, although aren't that big, you know, they might have millions people on it, low millions of people, and it— you might still find that they're worth millions of dollars, right? And so a telecommunications network, uh, you know, for many things, a lot of times these social networks are having advertising partners, affiliates, and so they're, uh, able to share and market these things, uh, as you can see we're doing here. With the users, the, the user base as such. And you know what that can do? That can in some cases lead to tremendous amounts of value, right? And so it becomes a little bit more easier to track or gauge the value of said networks, right? And that's very important when you're trying to determine the value, whether it be a cryptocurrency or some asset class. Understanding what really at the end of the day gives this thing value, right? Is there some need of use for this product, right? And so if the answers are— and you probably can answer that as a yes yourself as you're watching this video and you're watching it from social media. Now the bigger question would be, why are you even on social media using it? And you can answer that question as to the the why, the why do you feel you need to be on social media. If you can answer those questions like that, then you can easily come to the conclusion that the reason you feel a need to be on social media is the same reason that social media has value, right? So let's keep those things in mind. Now, what can you do with BBD coin? And this is the example we were referring to earlier, right? So much like many social media products and services, you might look at something like Twitter where you might pay to get a blue checkmark. You might, you know, you might look at Discord Nitro where you might pay a membership, uh, to get, uh, certain, uh, features, right? Access to certain things. And it's no different with BitcoinNYK. You can do that only with the BBD coin, only with— and that's what gives it value. The fact that you're gonna have to get these things, purchase these things, bonus packages and such, and BBD coin— all those things are very, very necessary, right? Very important. And let's say that you want to promote your service, you want to promote yourself, right? You have a business, you have— you're an affiliate partner yourself, you want— I outreach, you want attention to something, right? If you wanted to purchase ad banners, you could do that with your BBD coins. Now here's the difference, and here's what's important for you to understand about BBD coin, right? Because in cryptocurrency, what we get a lot of is that that cryptocurrency isn't really worth X, right? It's a scam coin. It doesn't do anything, right? It's a meme coin, What a BBD coin actually does, something, right? Our base is able to see your promotion and your various ads and the features of the website. Your, the coin allows you access to certain features that other members won't get, like certain bonuses and so on, right? Certain group accesses, etc. And here's the big catch. Here's the big thing. What makes the BBD coin or the Bitcoin NYK-backed dollar our more stable product, right? We don't call it a stablecoin. It's not a stablecoin. We call it the Bitcoin NYK-backed dollar because you can redeem it for the Bitcoin NYK token, our version of gold, and also the products and services that you are privy to with the BBD coin never changes price. In other words, a BBD coin will always be worth $1 on this platform. For example, let's just say you could buy one of these, buy yourself an advertising banner, and you could run it for $30 a month, right? That would mean that if you had 30 BBD coins, you would be able to run that ad for 30 days per month. Let's say the exchange is what we just came off of, where we saw the $2 million market cap of the product. Let's say that on that exchange the price drops to pennies or fractions of pennies, and now the person holding the BBD coin, for whatever reason, he doesn't have his dollar worth of value of BDBD. Well, the true use of the BBD coin would be to do the things, so he would still be able to use them here on this platform, right? He would still be able to promote with it. He would still be able to do things other users couldn't do because either they wouldn't have enough BBD coins or they don't have any at all, right? And so those are very important things to know in the understanding of value. Now, some people might say, well, what if I don't want to use the BBD coin in that sense, in that way, right? Well, that all goes back to growth of the network, right? Who's on it? Who sees value in this? And so on. And if you can make a determination, right, that the reason that all these people are signing up for this project and are on this site is because they see value in it, then it's very easy to make the transition to, okay, well, thus the BBD coin must have value if it's connected and rooted and related to the people, much like any other platform right? If you go on YouTube like you're watching this, watch this video on YouTube, right? Because your eyes are on the video, YouTube knows that they can put advertising in as such, right? They might hook somebody watching this video to get them who were already interested in an underlying project, uh, product or service Now it brings attention to him. They needed a plumber, right? There was a plumber in your area running an ad on YouTube, right? You gotta get your toilets fixed. So he comes across on that particular video, you just happen to be the guy who needed that plumber. So you go ahead and phone him from the ad, right? So YouTube knows these things. So that gives tremendous value over, right? Oh, getting a phone call, guys, but I was about to end the video anyway. Sorry for the disruption. Uh, I'm gonna get out of here, take that call. But if you like content like this, don't forget to like, subscribe to channel. Uh, and as always, take care of yourselves and each other.
