Btcmyk - Steem -Engine Update - Moving To BCH

Welcome back to the channel. Hope you all are having a great day. So today we want to talk about the, essentially, the decision that the project's making on, um, uh, the Steam Engine listing. So some of you may or may not be aware, I think many who are involved in the project by now are probably aware, but you might be aware that, um, the Steam Engine Exchange, um, a few months back, a month or so ago, removed one of our listings. And of course we were, uh, trying to figure out why that was, and we found out that a third-party photo upload server had been discontinued and one of our logos was created in this server. It's the TinyPic server. Many of you probably use TinyPic. Excuse me, at some point in time, at one point in time, it was one of the most popular upload services online. Now, We created or uploaded our logo to TinyPic to be able to upload it to the Steam Engine Exchange. Apparently, when the TinyPic image upload system, the entity that runs it, when they decided that they were no longer going to be providing that service Apparently the, the system itself came under attack by malicious files and what have you, and I'm not sure exactly what happened with that, but as their servers were hosting the uploaded images, of course, once they were compromised, it infected their entire network. Now somehow the information we received from Steam Engine is that that was a danger to their system. Now oftentimes there are what you might have like antivirus software, malware scanners that can detect these things. And my assumption is they're saying that's what happened, and, um, you know, instead of removing the, the image, they removed the entire listing. Now I don't know quite what the difference is or would have been or what the technical limitations was between them just removing the malicious, uh, uh, image, um, you know, that we had nothing to do with as we don't host or control these upload servers that go on other people's or other group servers. But apparently the safe thing for them to do was just take the whole listing down. Of course, that created issues with people who, um, are on their exchange that use our cryptocurrency. And here's what we've come up with in order to avoid such issues in the future. It is important that people understand that any exchange that can remove a listing willy-nilly like that without a warning or without knowledge beforehand to the groups that's using it, you know, that's going to be a security issue for us. And I understand that, you know, maybe from their perspective, they say where they have to protect their servers, however their networks are put together. Not sure how many nodes are running the network. Not, you know, sure the security levels of it. But in any event, that is not a problem that is our problem. And going forward into the future, we have to make the necessary steps in order to avoid that happening again in the future. So how are we going about doing that? Well, we feel the way not to do that is list on another one of these exchanges. We feel the one we're listed on, that, that is run by this particular, you know, set of node runners or what have you, whatever this exchange security-wise, how it functions, we feel the, the wise thing to do at this point is not relist on that exchange, but but give all people who held Bitcoin MYK cryptocurrency the opportunity to be able to claim and move all of their coins on Steam Engine to the Bitcoin Cash blockchain, protected in offline wallet, not left on any type of exchange that can create dangers and be hacked, but on a much safer blockchain. right? And we can accommodate that for our project users. Now, one big complaint though is what you have to understand about Bitcoin Cash is this is pretty much new development for Bitcoin Cash. Tokenizing Bitcoin Cash projects, having its own tokens, not very old compared to many other projects. So as far as liquidity exchanges and, and the like, Uh, we're not, we're not a beginning project like ours. You're not going to see a lot of trade activity. You're not as much as you probably see on more established, uh, systems in that area like, um, Steam Engine and Hive Engine are, right? But to avoid this in the future, we want to be very clear here that if this happens again and if you leave your cryptocurrency on an exchange like we, we look at to Steam Engine, Hive Engine, we look at them as any exchange, um, and, uh, subject to any what would happen with any exchange type failures, right? Not saying it failed, but just saying, um, that we don't feel that the— our cryptocurrency should be held and left on exchanges. So what needs to happen, and I believe they have options like Hive Keychain and so on, if I'm not mistaken, and and Steam Keychain. But, um, what needs to happen going forward with us is what we've done is we provided ways for people to transfer their cryptocurrency, hold them safe offline in wallets on the Bitcoin Cash network, a very secure network, and to be able to move them to exchanges of their choice, much like how we do any other cryptocurrency. Now Of course, when you're moving, they're going to be costs. And because we're moving from chain to chain, there are costs in association with that, and they're pretty high, right? That's just how a project works, but, um, for various reasons. But, um, there are ways to, to do transactions essentially free, right, or nearly free. And we will be able to accommodate everybody to get wallets here on Bitcoin Cash, to set up your accounts. What you're looking at is another interface front end that our cryptocurrency is actually transferred through. It's on memo.cash, and where you can use— you can move Bitcoin MYK cryptocurrency, the same ones that you have on Hive and Steam and Waves and Bitcoin Satoshi. Toshi Vision, soon-to-be Ethereum and Cardano. You can move them from chain to chain like any other cryptocurrency, right? And have questions about it, you can visit our Discord, or you can come to BitcoinNYK.com, or even come to memo.cash, leave information for us, question your question, or even on this video. We'd be more than happy to answer them for you. But that needs to be done, and we're going to facilitate everybody who has experienced this issue on the Steem blockchain, we're going to, at no cost to you, be able to transfer your cryptocurrency to the Bitcoin Cash network. That won't happen again. Now, the problem that's going to come about is some people want their cryptocurrency to occur on Hive. Hive is the same thing as Steem Engine, essentially the same people. So we're looking at it like this can happen again. So we're not going to do that. But if, if you do want to move it to the Hive chain, you will have to pay a transactional fee of 8.9%, right? And you will be totally responsible yourself for whatever happens on that exchange. We have no control over those servers. So it's important that you understand that, you be clear on that. It would be no different And if you traded the cryptocurrency on Bittrex or you traded it on Binance and there was some type of exchange issue or some type of exchange failure or some type of loss of cryptocurrency, that would be between you and Binance and Bittrex. Now, how Steam Engine handled it, they said it's between ourselves and, you know, which made no sense as we don't control the servers. And that is why, you know, we don't wish to list on Steam Engine anymore. We're already listed on Hive, and we're gonna let that remain. But we are warning you, and we are sending out caution to you, that if you leave any BitcoinMYK tokens on that exchange, on those exchanges, you are responsible for them yourselves. It is not our problem. To move your cryptocurrencies, you know, if it dies on that, on those exchanges, it dies there, right? There's nothing we can do about it. Just the nature of how these, uh, the wallets are integrated with, uh, you know what I mean, with the exchanges, so to speak, for most of us. Now, my understanding is if you know how to go on the back end, which many of us don't know how to do, but if you know how to, you can move the BitcoinMYK tokens You know, still, even so, even with them not being listed, but, um, you know, that is something that many people won't know how to do. And that's a problem we want to avoid because we want to make our system as user-friendly as possible. Now, um, so that's how it's going to work. You can start claiming, uh, uh, and we're going to leave it open. You know, you can claim it anytime during it, you know, you know, uh, going, you know, onward going as long as you can We can verify that you hold the— you own the account and you have your, your, the tokens on those exchanges, right? We can always supply your cryptocurrency, but for free to the Bitcoin Cash wallets and at an 8.9% transfer fee back over to Hive Engine. That is because we're not going to be transferring on several chains. You know, we're going to do it once on a secure chain where we don't have this problem again in the future. But if you want to accept the responsibility, you will have to pay a transfer fee. And that is because we feel we've given everybody in our project and systems— we have been warned about this type of thing for probably years now, right? Saying that this is a way to secure your cryptocurrency just in case something happens. A lot of people ignored that, didn't pay attention to the project. So That's no longer going to be our problem, but we will be able to move it and you can exchange it here on front ends like Memo.cash or you can exchange them on BitcoinNYK.com. Now some people, you know, what you have to understand about price like BitcoinNYK that we feel are going to change the world, that are trying to help people, that are going to be successful, people are in the cryptocurrency space space are very tribal about it. They are very malicious about it. And this is just an issue we've encountered in cryptocurrency, uh, and it happens with many other projects, right? The tribalism. Um, and the issue with that is then of course you're going to have hackers, you're going to have people who don't want your projects to succeed, and you're going to have, uh, constant attacks by these other projects. It's like a protection racket. The people who are trying to hack and stop projects are other projects for the most part. Uh, that's how it works in cryptocurrency. So we don't want problems like that happening constantly down the road. So you have the option here of accessing us through, whether it be memo.cash, Bitcoin, it's easier through BitcoinMYK.com. But if you just have problems using it or you're just not going to use it, you can try memo.cash and we can facilitate you the same way. Uh, either way, uh, it's all about transacting and transferring the BitcoinNYK cryptocurrency. That's what gives it value. People moving it, people caring about it, people finding value and some type of use in it, right? So this is going to take place October 1st. Here's what you need to do. You need to notify us through one of these several means that we've, we've told you about, uh, to let us know where you want your cryptocurrency to go, because we— you have to tell us, right? We're multi-chain, means our cryptocurrency exists on several chains, and we're not— we're no longer going to be doing Steam Engine, right? We're just not going to be doing that anymore because we don't like the situation what happened with that. And I just don't think it's gonna work well in the nature of our project into the future. We don't like how it was handled, and that's just not, you know, gonna work for us. If somebody else wants to list us, that's fine, but we're not going to be, you know, involved in listing any BitcoinNYK on Steam Engine. And if somebody, you know, is able to you know what I mean, somehow get it sent over there or something like that, you know, or Steam is to get it back listed themselves or something like that. We're not gonna honor that because the way our supply works when we go from chain to chain, that would— we will, you know, look at that as not valid, right? It's not a valid BitcoinMYK cryptocurrency. But if you have any questions, feel free to ask them on the video, on BitcoinNYK.com, on Memo.cash, uh, under the BitcoinNYK, uh, area. Uh, there will be a link in the description of this video. Uh, and any other, um, uh, questions about the future of BitcoinNYK, uh, questions about trying to understand it better, questions about universal basic income, mass adoption, and exactly how the project works, we'll be more than happy to, uh, uh, give you the, uh, information about it. Although we will suggest never invest in a cryptocurrency you haven't taken the time to really understand how it works, uh, if you haven't read the white paper which is available on BitcoinMYK.com, if you haven't done any of those things, that means you should not be purchasing BitcoinMYK. Absolutely certainly shouldn't be purchasing it. And, you know, if you get it for free, like through our Universal Basic Income, or somebody gives it to you, or we airdrop it to you, in those cases, my suggestion would be learn all, everything about it before you dump it. Learn anything about it before you sell it. Learn everything about it before you buy more. Take the time, take a couple of weeks. Don't just jump in and not understand, you know, what we do here because because, you know, although we know many scams exist in cryptocurrency, we aren't set up to be one of them. So, you know, we're doing a real project here that we think is gonna be important to mankind, dealing with automation in the future, job loss, and just a large scale of many other issues looming on the horizon. But that's all I wanna say in this video. If you like content like this, don't forget to like, subscribe. If you're a BitcoinMYK, older, you should already be subscribed, already looking at all our content, viewing all our videos, um, not just traveling blind through the cryptocurrency space. But that's all I want to say in this video. Until next time, as always, take care of yourselves and eat cheddar.