Bitcoin Myk Update - User Base And Value Growing!

Hey you, welcome back to the channel. And guys, today I wanted to update you all on some of the progress going on with BitcoinMYK, uh, as well as, uh, our first round here of the Waves airdrops. Waves being the platform that BitcoinMYK runs on, uh, has a great mobile app with wallet and built-in decentralized exchange. So let's talk a little bit about that today. In the BitcoinMYK and the success of it so far that I'm happy to announce to you all. So to, to understand BitcoinMYK, uh, I want to talk first a little bit about why we needed this social media interface, right, in order to do this. So BitcoinMYK works on something called the, uh, proof of participation model. right? So Proof of Participation is a means in which you can participate and effectively convert your participation, your energy, into our cryptocurrency, which is BitcoinMYK. As this network grows and the attention value within, within it grows, we're able to be able to spread this value and send this value across our network to one another, right? Uh, and that's very important because you need an interface in order to mass adopt people in. It needs to be easy, built like a social network, something people are accustomed to using online. They can come in with this very easy user interface and then move over to the, uh, the Waves wallet, which is yet another easy interface for people to learn how to move their cryptocurrency back and forth. So people are signing up every day. We're getting into the hundreds of members. We want to start getting to the thousands of members. Uh, and if you're watching the channel, you haven't joined us yet, you definitely should join. Uh, get in now while everybody's getting in. Now what's so great about our model, of course, is that, uh, this offers a great deal of good distribution. Uh, this is— anybody can get in, they can participate. They can partake in activities on the site, fulfill what's necessary in a proof of participation model, and they're awarded these valuable tokens because there is so much time and value in platforms where people are concentrated, focused, and their value is there. Think for instance about what happens like with something like the Super Bowl, right? Got this big football game played, millions upon millions of people there. Watching this game and advertisers line up. They want to get, they spend millions of dollars on getting their commercial right there at the time. All those eyes are fixed on what's going on at that Super Bowl. And so they're gonna, they know a lot of people are gonna catch all these commercials and advertisements. Now in the cryptocurrency space, it was a little bit different, a little bit more specific, a little bit more concentrated. So as we build up our network, it's more related to people into cryptocurrency who, who, or who want to get into cryptocurrency. So this is all about onboarding on this network and then being able to move this great high-speed transactional token across the network, right? As well as being part of this Bitcoin fork that's going to, you know, be able to bring in the 50 million Bitcoin holders as well. And so that's what we're after with this. And that's why we feel this is going to be so valuable and why you need so very much to participate in this. But we're very much happy with the success of what we're getting so far. We are distributing out all the tokens to the airdrops. If you don't get your tokens right away, don't panic. It might take up to several days before you get your tokens as we have to verify that you're real people, that these are real unique accounts, and we have a method for doing that. And we're very confident that we're going to get into the thousands and thousands of people using this valuable token across the network using the Bitcoin Wave protocol, in which we're able to take the Bitcoin in your wallet, give you represented value of your Bitcoin in our token, and you're able to move that value yet your Bitcoin remains in this wallet, right? Now, when you think about the future of this coin and why it's going to be valuable, this is a network. This is also part of a fork that's decentralized, and there is no one person really owning this token. If I were to say people owned it, it would mostly be Bitcoin holders at this point that hold it. So even with like the founder's wallet and all of us participating, we're just like the rest of you all. We don't hold all the BitcoinNYK tokens. They're held by Bitcoin holders. We have to go into the market if we want Bitcoin MYK, just like the rest of you right now. The only difference is, as a network supplier, uh, some of you all will be able to become those. Most people can, and we will have elections after the first 10,000 users. The only difference is, because our transactions are free, what generally tends to happen is Although you don't have to pay for our tokens to keep the network free and the transactions free, Bitcoin holders who are late to claiming— whereas I don't like to think of it as a penalty, I just, to me, it's more like a privilege they're using not to have to pay for transactions— they lose a percentage of their Bitcoin while they're claiming their BitcoinNYK if they're late to claiming every month. right? And so that goes back into circulation, helps us keep the network fees paid for. Um, but we think it's a very good system. We think it's going to catch on, um, very soon here. It's already starting to catch on. We want you all to get in to participate as well. We think this is going to be a great solution and a great use case, especially when it comes to onboarding people as well. That is very important. Uh, if we take a look at Bitcoin, nobody is incentivized to market for Bitcoin. Why is that? Because nobody owns Bitcoin. Nobody, uh, everybody, you have to buy Bitcoin to participate in Bitcoin. In our system, you don't have to buy to participate. Uh, we're growing together as a network. We're all incentivized by owning this, uh, token in this network to tell our friends about it. To get people in, and the platform is here for people to get in and use it and start to earn our tokens, which we believe one day will be quite valuable. We also have the Universal Basic Income program that we've implemented through the use of some of these, um, unclaimed Bitcoin holders tokens. Um, and what's so great about that is that Universal basic income for us is yet another way to mass adoption, the road to mass adoption. This is getting very experimental. It's becoming a very hot topic in the United States. We have a serious presidential candidate who's running on universal basic income, who's gonna become a great deal more popular. He's already, uh, won a seat at the Democratic, uh, debates. Uh, you know, of course, uh, Bernie Sanders already in there, uh, he's very close to that UBI platform even though, you know, with the his kind of democratic socialism. So this is becoming a very hot topic in the United States, a very big political position, and we're going to see a lot more of that going forward. For us, it's about mass adoption, less about politics, and a great deal less about uh, just, uh, giving away— if some people want to call it free money— with us it's more about marketing for people to get in and for it to be more so about, um, growing the network, mass adoption, yet at the same time fulfilling those needs, um, for people to have help around the globe. But at the same time, trying to help keep the message clear that Universal basic income tokens haven't worked well, uh, in the cryptocurrency space. In fact, they haven't worked at all. And because we've seen that problem there, there are certain things that have to be put in place to make them work right. But we think it can work for all of us and be a model that is sustainable. Um, and of course, uh I just want to mention this real quick. Uh, there is a competition with Waves, uh, that they're going to be— it's like a grant program, uh, for, uh, new projects on Waves. So we have entered into that. I think the first prize is like 500 Waves or something, and hopefully we'll win that because that'd be a good way to start the experimental parts of our Universal Basic Income program. So we're going to see how we do with that. Hopefully we'll do great. But a lot of potential for some great things with BitcoinMYK. We're very excited about the project, happy with the results so far, moving pretty much at the speed we thought it would move at. So that's all fine. This is a project we're quite patient with. We're not looking for it to be like an overnight success or anything like that. The way it's set up, we're not worried about the project not being able to be sustainable or affordable. And so I think we feel that puts us a great deal ahead of the pack right there. Uh, very excited about all that, want to bring you guys that information. But guys, that's all I want to talk about right now. If you like content like this, don't forget to like, subscribe, and until next time, take care.