In this video, the host explains why new accounts on BitcoinMYK.com may take up to 24 hours to be approved, emphasizing that the approval process is largely manual to prevent abuse. He outlines the platform’s unique reward system, which distributes cryptocurrency based on users’ attention and participation metrics—such as posting photos, writing posts, adding friends, joining groups, playing games, or listening to music—rather than mining power or community voting. The speaker addresses privacy concerns, noting that only first and last names are required for low‑level KYC and that any email can be used without fear of spam. He mentions potential future cryptocurrency regulations, suggesting that free‑airdrop‑style projects like BitcoinMYK may be exempt under proposed U.S. legislation. Finally, he encourages viewers to register, participate, and earn cryptocurrency, positioning the platform as a user‑owned alternative to traditional social media.
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Welcome back to the channel, and I hope you all are having a great day. So gonna be a quick video today. I just want to talk about those who register for an account on BitcoinNYK.com. Um, now some people probably have registered. I think we had, uh, someone register and, um, their account wasn't immediately approved or available. Let me tell you why that is. It's probably going to take up to at least 24 hours before you have access to your account, uh, and that is because a lot of our approval process, uh, at this stage is going to be manual, right? Because, uh, you know, anytime you have a cryptocurrency project of value, people who are trying to join the network, uh, you know, they're going to be people trying to game the system, people trying to get multiple accounts. Now the important thing is, um, that, uh, the way that the cryptocurrency is distributed is mostly based on attention value and time. So it's mostly based on a time metric and a participation metric of what you do, right? And the cryptocurrency is tied to certain activities you do. If you post a photograph, you earn some cryptocurrency. If you do a written posts, if you, uh, add friends, if you, uh, join groups and, and the like, right? Uh, play games, listen to music, whatever it is that you're doing, you're going to be receiving, uh, the cryptocurrency for it, right? So it's less about if people can game the system with accounts and more about the activity metric. Now what I think makes BitcoinMYK a lot better than most cryptocurrency projects is that A lot of, um, cryptocurrency projects that work this way, whether it works on some type of mining, simulated mining, some type of upvote system, some type of tip system, it is all reliant upon if someone in the community decides that you should have the cryptocurrency or not, or that you have very expensive mining equipment to participate. This is different in that it's pretty much completely based on what you do. Now, people can still tip you, they can interact with you, and you both gain cryptocurrency from that. But this is unique, and basically just what you do is also the metric of what you receive. So, um, it's based on the value, the attention value you bring to the network, and you share in that value, right? That's why I think this is such a great system. Um, so it might take up to 24 hours to get approved. Uh, when you're putting in your CAPTCHA, right, to make sure you're not a bot and things like that, uh, if it doesn't go the first time, try it a second time before you give up, right? Because, uh, sometimes, uh, you might enter the CAPTCHA wrong or something like that. Just always try to re-log in if you have a problem on the first go-around. Your account should be available within 24 hours. If not, be sure and contact us. You, we can, you can do it right here in our public chat rooms. Just go in there, leave a message for us that you're having problems and leave your account name, right? Another thing is some people are worried about some of the information provided, like they don't want to give personal information like the first and last names, right? So this is basically just, this is all going to be just so you can reset your password, right? Um, now in case, you know, uh, we consider this low-level KYC, right? So, um, you know, it is, you know, somewhat important, uh, that you— we cover that, right? Uh, we think over the next, you know, year or so, there are going to be probably certain regulations come to cryptocurrency. And some of the cryptocurrency, um, uh, as far as I understand it, some of the, the, the, the proposed laws that are coming out is going to be that systems like this one where the cryptocurrency is free is going to be exempt from a lot of regulations. So if it's anything like an airdrop or— that's, uh, one thing that's going out in, in certain proposals right now, right? Um, and, um, actually I think under Biden's plan that's supposed to be signed in 2023, so don't quote me on that, but I've been doing a little research and that seems to be what it is. But but do your own research on it. But yeah, I mean, there's no personal information that needs to be provided beyond your first and last name. Now, as far as your email addresses, you can use an email, a dummy, you don't have to be your main email address, not gonna be spammed or anything like that. That's just for personal information to come to you like a lost password or something like that, right? So that's all it takes. Be sure and wait at least 24 hours before, you know, if you can't use it, we've had some people say they tried to sign up and they couldn't get an account. They thought something was wrong. No, nothing was wrong. Their approval could take up to 24 hours. That's the only thing, right? So make sure you sign up and join today. It's absolutely free. You start earning cryptocurrency. What are you doing anyway, right? What do you got to lose, right? You're already on social media and you're on social media right now looking at us and you're not even being compensated for it. You're not earning anything for it. You're not being paid for it. You're just, giving all these social media companies all your value and money for free. So this one, you get to, uh, share value in the network, build up value. As it grows, you'll have that cryptocurrency stored away. If it becomes a super big trillion-dollar project, you will reap the benefits from it. But to do that, you need to register and you need to post to the site. You need to participate in it like you do all these other social media sites, except this becomes the one that you're gonna own in the future. That's all I gotta say in this video. If you like content like this, don't forget to like, subscribe. Till next time, as always, take care of yourselves and each other.
