Electroneum - Future Solutions/ Bitcoin MYK Up Over 60% - EOS expansion

Welcome back to the channel. I hope you're having a great day. So we want to do an Electroneum video today. Um, kind of came across my mind today, the AnyTask system that Electroneum has put together, how ideas like this going into the future can, can be, um, a solution to many issues we may be facing to a great degree. Now I know that the origin of the AnyTask program is probably more about serving people in developing nations and, and the like. And of course they're going to be as much a victim of one of the hot topics now, automation is coming up just like everybody else. But I think that we will start to see a great deal more of situations where people can trade their skills and labor throughout systems in order to be able to compete with a lot of the automation and things that are going to be on the horizon. And I think Electroneum can do a good job as being a delivery system in ideas like that. With cryptocurrency and the, the more efficient use of cryptocurrency to move this value to people who are going to be in need of some type of gainful employment in the event that they're perhaps replaced by automation and robots and the like. So I just find it interesting that also when we think about retraining people, in this type of situation. I think the data is saying something like the average— one of the average jobs in America is something like a 38-year-old woman who's a retail worker or, or something to that effect, right? And so, uh, a lot of those jobs are going to be probably replaced by automation. Um, and so there's going to be a need of solutions, and I can kind of picture a world where people are just sitting home at their computers pretty much like they're doing now, but a much more efficient system, uh, where they're able to, to trade their tasks back and forth. And, um, you know, like I said, this will affect developing nations great, but I think this might— a project like AnyTask might even serve some of the needs of people in the West who may fall victim to automation and where they're going to be able to get, you know, basically employment and things to do. And a lot of it's probably going to also be that just the purpose and need to do something in a future where many of these robotics are going to replace people. And some pictures are coming up or some, some predictions are like as fast as 5 to 10 years. Right, so, um, that's kind of the time frame I could see Electroneum really starting to emerge, um, in about the next, you know, 4 or 5 years, and probably really be for some of the Electroneum community what we like it to be. And so I thought that's going to be very interesting. Also, of course, Electroneum has this training program. A lot of people are going to need to be retrained to do a variety of jobs in the future, and, uh, I think it's going to be interesting to to see how, uh, this type of project with Electroneum may assist, uh, some people in, in that way, and that could be a good thing. Uh, so I just want to bring that up and talk about Electroneum a little bit. Um, you know, of course, with the— how the AnyTask project works, um, you know, basically, uh, there's no fees, zero fees, um, you know, in that the taking that Electroneum off the market by the, by the merchants and such, uh, is giving value back to Electroneum. It's being used now to as a payment system. Now what's really cool about AnyTask as well is what you're going to get is instead of, uh, of people who need these tasks done, need these jobs performed, um, instead of them having to go through the cryptocurrency process of how to learn how to buy this stuff and, you know, they With the Electroneum system, they only need to use their Visa, MasterCard, right? And what's happening there is when they use their Visa and MasterCard, uh, the Electroneum system is going to pay out. In other words, they're going to take the cash, but they're going to pay out the workers in Electroneum. So to the, uh, person who's putting the tasks up, the employment, or what have you, they're going to have a seamless experience with that. It's not going to be like, oh, I got to get the cryptocurrency first, I got to go into markets, get this cryptocurrency, then I got to pay the system. No, it's going to be they can use their traditional means of payment to be able to accomplish this. And so in that way, that's going to be very, very good for them in the entire ecosystem as a whole. So, um, glad to see that's happening with Electroneum. Uh, definitely a plus for for Electroneum with the state of affairs in the rural. Uh, I think there's going to be quite a bit of changes over the next 5, 10 years in the job market in relation to automation. Um, want to segue onto something else. Um, all right, want to segue to BitcoinMYK. It's been up over 60 today. For the week, it was up over 300%. If you're not familiar with BitcoinMYK, it is basically an overlay for Bitcoin. You might think of it similar to what you might get with something like Bitcoin Lightning. It is a token on the Steem blockchain. It basically— that's the Steem blockchain's maybe version of ERC-20 token. And this is under the SCOT protocol. So this is something called Smart Media Tokens, SMT, that's starting to get popular on the Steem blockchain as the developments for this project with Steem comes out. So very interesting. These are very easy-to-use interfaces. They're great, they're great for mass adoption. Uh, they are— the transactions are very fast and free. Um, and, uh, I think it just makes for a great situation for growing, uh, users. So today, the BitcoinNYK project, uh, you know, also I think— I guess what you could say about it is BitcoinNYK is, um, a deflationary token, right? So of course that means every time a transaction is done in BitcoinNYK, uh, the tokens are burned. right? And so it can act like a store of value like Bitcoin, but due to the very aggressive deflation rate, it can actually be a great deal more deflationary than Bitcoin, as well as have the free transactions and speed. So this is a very interesting product and it's starting to, take root and really come into its own and do some of the things that we were expecting and hoping it would do. As well, the BitcoinMYK is going to expand to another exchange, the EOS DEX. And so basically people are going to have the ability to basically move BitcoinMYK tokens from the Steam Marketplace to the EOS DEX. So that's going to be pretty interesting. EOS and Steam, of course, created by the same people, but they have a very some great differences there in the system. EOS, of course, you know, we know that under Dan Larimer, it's top 10 cryptocurrency and raised over $4 billion. And so we believe we're going to have a great situation over there with that community expanding and growing the value of BitcoinNYK.com or the BitcoinNYK token, right? So very excited about some of those things. Going to be interesting to see what happens with the project. Um, of course, after, um, EOS, uh, the BitcoinNYK project, how it works is absolutely free. It works on something called proof of participate, the proof of participation model, which means you can earn the token by posting, doing offers, visiting the website, and a variety of things. Um, now it's free to Bitcoin holders to claim. They don't have to do anything. They just claim the tokens and we inherit the Bitcoin network, which is why it's called BitcoinNYK. They simply claim the tokens and we believe once we've moved over to EOS and grown quite a bit that we're going to be very appealing to Bitcoin holders to claim this token. And I think it's going to make for a very, very interesting project. Deflationary tokens have done quite well Over 2019, they did well, and I think when they have use cases like BitcoinNYK does, I think we can look forward to seeing some, some, some great results with such a product. So we're very proud of the BitcoinNYK project, what we've been able to do with it so far, and we think it's going to have a great future. We definitely invite you all to check it out. We think that it provides a great opportunity, uh, more so than many other cryptocurrencies due to its deflationary method. Uh, besides again being free and fast, um, we just find that right now Bitcoin MYK is in a very good situation. It's only fractions of pennies you can pick it up for, and it's a great deal easier to move Bitcoin MYK up in value than perhaps, uh, moving Bitcoin up in value, right? So some, some great opportunities there where We're hoping we can repeat some of the successes of what we got with early Bitcoin. All right, so that's going to be interesting to watch. I want to bring that all to you guys' attention. Don't forget to check our project out. Join at BitcoinNYK.com. That's all I'd like to say in this video. If you like content like this, don't forget to like and subscribe. And until next time, take care.