In this video, the presenter addresses the Electroneum community about BitcoinMYK, a crypto‑social network built on the Electroneum blockchain that distributes a universal basic income (UBI) in the form of its native token. The video explains the registration flow: users complete a standard sign‑up, their account enters a pending state, and approval typically occurs within a few hours (up to 24 hours), after which they can log in with their chosen password. The presenter reassures viewers that support is available if access is delayed. The core features of BitcoinMYK are described: users earn tokens for typical social‑media actions (liking, posting, chatting, joining groups), the tokens can be swapped for Electroneum, and the platform stores content on the blockchain, offering censorship resistance. The presenter links this to Electroneum’s earlier stipend program, positioning BitcoinMYK as a continuation of UBI on the blockchain. A broader discussion follows on the relationship between a cryptocurrency’s utility and its market price. While Electroneum provides an efficient blockchain and real‑world use cases (especially in developing regions), the presenter cautions that strong utility does not guarantee price appreciation. He suggests a modest diversification strategy—holding a small percentage of Electroneum alongside side‑tokens like BitcoinMYK—to capture potential upside while managing risk. The video also frames UBI as a response to automation and job displacement, arguing that blockchain‑based UBI experiments can prepare for a future where many jobs are automated. Privacy concerns are addressed: only a user ID and email are required for registration; no private data is collected. Community incentives are highlighted, including an affiliate program where sharing links earns additional crypto. The presenter contrasts utility‑driven projects like Electroneum with meme‑coin hype, urging viewers to consider long‑term use cases over short‑term speculative gains. The video concludes by inviting viewers to share their expectations for Electroneum’s future, reminding them to like, subscribe, and take care of themselves.
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Welcome back to the channel. I hope you guys are having a great evening. So this video is for the Electroneum community, and so we want to talk about registration to BitcoinMYK. If you don't know, um, what BitcoinMYK is at this time It is a crypto social network, right, that you can log on to. It runs— it is now part, rather, of the Electroneum blockchain, and it does something interesting. It gives out universal basic income. So similar to how Electroneum did the stipend payments to members across the world. A universal basic income is available through, um, the BitcoinMYK site. And so when you register for the site, only thing you're going to do is to your left hit complete registration. Right now, the confusing part is going to take you to a standard registration screen. Right now, uh, the confusing part happens to be what happens after you register. Some people haven't been receiving access to the site right at the point of registration. There's no need to worry. Once your registration is complete, you will be approved within 24 hours, right? And so it'll probably be a lot sooner than that. It'll probably be within several hours, right? 2 or 3 hours or something like that. But it could take up to 24 hours. So don't worry, just check your email. Just try to log back in with the password you selected. Within 24 hours, and you should be absolutely fine. If not, uh, you can just contact us, let us know, and we'll go ahead and push your registration through. So, um, I've been reading some of the comments earlier to some of the videos and such, and, oh, What we found out was that, uh, some people have become a bit concerned about the price of Electroneum and if there will ever be, uh, availability or opportunity, rather, for the price to appreciate, right? And, and so, uh, basically, uh, when it comes down to use case of a cryptocurrency, uh, it doesn't necessarily follow that just because of cryptocurrency value-wise, um, or use case-wise rather, just because it has a great use case, it doesn't mean it'll reflect in the price. And what that's done is it's basically made us think about the concept that Electroneum might provide a good efficient blockchain, it might hold value, and that might be its purpose. And if you're looking for price breakouts, if you're looking for great returns, some of those things may actually happen within the Electroneum ecosystem with some of the projects that are part of the Electroneum blockchain, right? Projects like BitcoinMYK, which is a social network that's going to distribute UBI, and it's also going to be, uh, basically, uh, decentralized content where people are able to post information they like, and that will be stored on the blockchain, right? And so in that case, or in that sense, it'll be censorship-resistant. Um, also, uh, everything you do is going to run in a participatory fashion, right? Where you can do things, you can like posts, You can basically, um, make friends, you can chat, you can do join groups, uh, do all the standard things that are done on social media sites, but you will actually be earning, uh, you'll be earning, uh, money for every action that you take. That is correct. And, um, how that will work. As I go to my wallet here, you'll see that I'm actually receiving the token, as you can see, for activities I do related to social media, right? So then you will be able to swap this for Electroneum on the Electroneum blockchain. So the thing to keep in mind and the thing to remember in regards to this is that when you register a site, that you first don't panic. It will go into a pending state, and within a few hours or so, you should be able to log into that, to the site, with the details, the passwords that you provided, right? And so If for any reason, uh, after 24 hours, if you still can't log in, contact us, let us know, and we can help assist you to get into your account, right? But there should be no problems there. Um, that is for, uh, security measures, right? And, um, as such, right? So Just want to inform the Electroneum community of those things, understanding the registration process, but also just understanding that I know many of you all have been holding Electroneum for years and you're hoping that Electroneum will, you know, go up 10x, 100x, right? And you know, you'll have good profits and good gains. And, uh, that would be a great situation and a great opportunity if those things occur. But I think that at this point in time, some of us may have to face that, uh, although Electroneum is a great project, it's a great blockchain, I think some of us might have to come to terms with the situation that, um, You know, it could be that some of those gains you're awaiting or hoping for, that they may or may not occur in Electroneum, right? Electroneum could be a slow project, it could be a steady project, it could be a good project, but it could be one way down the line. And it could be that we're going to see some of these projects on the Electroneum blockchain really explode and do well. Now it's important to know, and it's important to understand, that, uh, none of those things don't have to happen, and you shouldn't go out and jump in any of these projects without doing research. But in relation to the BitcoinNYK project, uh, the tokens are earned free. Uh, you are given a basic, uh, universal basic income, uh, much like, uh, similar to the stipend that, you know, Electroneum used to give out before they, uh, stalled that program, before they stopped that program. And, um, so you can, um, have the same opportunities here without taking risks, or there'd be risk to your financial situations, right? And so In that sense, we do believe that there are going to be opportunities with many of these tokens that are now part of Electroneum blockchain, right? Of course, they might be dangerous, they might fluctuate a lot, there might be great loss, and there may exist great opportunity, right? And in that sense, Electroneum may be a safer bet. But if you're really looking to have these huge incredible gains, right? Um, it could be that some may occur in these tokens on the Electroneum blockchain, and in that fashion, um, it might, you know, be— well, I could just only speak for myself. Um, I can only suggest, uh, or take the route on my own that there might exist a portfolio of Electroneum and some of these tokens, right? Percentages of tokens, not big percentages, but small percentages. So in case if there were to be an opportunity where some of these tokens maybe outperform Electroneum on Electroneum blockchain for whatever reason, that I would be able to take advantage of some of those because Some of these projects are on Electroneum, right? Keeping with the spirit of Electroneum, we got projects. Some of them, uh, are going to end up probably being good projects. Of course, we don't know which ones. That's why diversifying is a good idea. But, um, you know, within the Electroneum community, we can see great value in a crypto social media site related to the activities, what happens on the Electroneum blockchain. So that'll all be interesting. To, to see how universal basic income comes out. And if you don't quite know what that is, basically universal basic income is suggesting what the future is going to be like, uh, where robots, automation take away a lot of jobs. Maybe some of you have felt the impact of automation already. Maybe some of you have been put out of work, displaced from jobs. Based on automation, as some are. You know, a prime example would be what happened with the port strike workers when there was a great concern, uh, about goods being shipped within, uh, countries, right? And, um, unfortunately those problems haven't all been solved yet, and strikes may happen again this year. We will see, right? But some people are already impacted by robotics, automations, and jobs, and, uh, probably will get a lot worse than now. It's pushed some to propose ideas like universal basic income. Now, one great way to experiment with these situations will be over the blockchain, will be with cryptocurrencies, right? Could be one of the best uses for it, right, to research and find out how these programs are going to work for us and help us in case something like this does happen, right? So that's going to be all interesting to watch. Uh, if you're an Electroneum bag holder, I can only say pay attention to everything. Uh, pay attention to the direction of Electroneum, what it's saying its future is going to be like. And, uh, you know, also just keeping in mind and remembering that cryptocurrency, uh, the— as it goes forward, right, the cryptocurrency community catches up with projects that advance forward sometimes a lot later in the game, right? So Electroneum could be doing certain pursuits that make sense that the elect— I'm sorry, that the cryptocurrency community just may not grasp right, anytime soon. And that is because, you know, they're overhyped with short-term gratification. They're overhyped with, you know, meme coins, fast profits, high risk, and so on, right? That's just the nature of the beast. But, and you know, one shiny thing comes along and it goes away and another pops up, right? But then there might come an age where, you know, we're actually using these things and there's a sense of urgency and necessity. Like the example we gave about automation, right? If you are a victim of automation, that would create a certain urgency and a necessity for you to find income and a means to support yourself. In the event that machines now do your jobs, right? Which is likely inevitable. And so in that sense, that would mean there might come a time when cryptocurrency projects with great use cases will be quite valuable to the holder, right? Right now, the crypto communities are saying they want meme coins, right? And They're playing Russian roulette, they are playing hot potato, uh, and people are losing a lot of money, uh, and unfortunately that too as well is just how things go in cryptocurrency. But the Electroneum holders do have a much more greater understanding, appreciation of use in Electroneum because they get to see it used in Africa and other developing nations, and they get to see real-time use of Electroneum on the ground, right? And so that's all very important to making a case that people are going to care about, right? People are going to find value in, right? Because if you're just going to jump on meme coin to meme coin, trying to stay hold on to value that way. Yes, that might work. That might work, or you might just go on a wild goose chase and it never, you know, really work out for you. And so we'll have to see what happens with that. But if you are in this for things to make sense, for trade to happen in the actual cryptocurrency, then you're gonna need something, you know, projects on Electroneum like BitcoinNYK, where, you know, you're gonna basically have an experience like you might have at Twitter that at the same thing as an everything app. This, you're going to be able to do your transfers of your cryptocurrencies to various members through the interface and and so on, right? So all very important, interesting things we need to pay attention to. At the end of the day, it's just going to come down to what do you believe, right? Do you believe that you should chase meme coins, that you should chase the trends that are happening today, the latest projects, and, you know, try to not so much make it make sense, but just, you know, go with what's hot. At the, you know, particular time, right? That might be the move to make. That may be the play, uh, because as we've seen, you can stay in cryptocurrency projects for years upon years and still not reap rewards, right? We don't know, uh, when these projects will come to fruition such, or, you know, You could have everyday use and utility, whether it be social, you know, using a social media communications network, whether it be, uh, you know, doing daily transactions in the currency because you wanted to buy coffee or so on. Those things may be important to you, important enough to use, and in that sense, you might, uh, go for a use of a cryptocurrency simply because you're going to use it, not necessarily because you're going to get rich off it or make money, but simply because, like your Cash Apps, your WhatsApps, your PayPals, you're going to actually be using it, right? And so in that sense, that would make sense for you to use it that way. Uh, you might be a long-time holder, you will see through that use and so on, but that's only if you believe that, right? If you choose to you know, try to just hop from meme coin to meme coin and, you know, build up portfolios that way. Um, you know, that might be the play for you. Um, and that might work as well. It's very hard to say what will work. I think it's just a matter of, um, taste. There's a matter of choice. There's a matter of things you're comfortable with. Um, and, uh, if it's useful to you, right? If it has value to you. You know, for instance, if you're using a social media site, right, and you're getting your daily news, you're getting your daily information, and you're getting paid anyway, well then in that case, you know, it probably will make sense to use this. You know, we also have an affiliate account where you can share your links with, uh, members of the crypto community, and by sharing your links, you're going to earn more of the, you know, cryptocurrency as such, right? And so in that sense, right, a lot of things may make sense that, you know, don't make sense, you know, if you're just chasing meme coins or something like that. And I'm not saying either one is right or wrong. Your financial tolerance is your financial tolerance. But from what I see in the Electroneum community, there has been a great embracing of the idea of actually using these cryptocurrencies, and the Electroneum team has over the years built up a great infrastructure and a great company that's going out there and that's, you know, getting presence in whether it be Africa, South America, partnerships as such, and have done a great job over the years of that. Has went underappreciated, I believe, because of the lack of information, knowledge about these particular projects, right? But anyway, uh, the Electroneum community, if you're interested in something like this, posting, uh, sharing affiliate links and stuff like that, again, your daily cryptocurrency news and just standard news and arts and crafts and certain things like that in general, then you might find a liking to a pro— uh, a, uh, application like, uh, you know, um, BitcoinMYK. You don't have to share any real-life data. A lot of people get concerned about that. You do not, uh, we don't collect your data or anything like that. Just need to provide a user ID and basic information so that you can set up an account where you can receive your password to your email. Just basic things like that. And that's the only, you know, reason that you would need to provide some information, but no private information would be necessary or to set up your account. That's all I think I'm going to say with this video. I'm going to leave it at that. Tell me all what you think the future of Electroneum and its tokenization looks like. Uh, are you a big bag holder of Electroneum? If— are you looking to see big gains in Electroneum? And if so, uh, how much are you expecting? What are you thinking, uh, Electroneum is going to look like? Anyway, uh, as always, take care of yourselves and each other. Don't forget to like, subscribe to the channel, and as always, take care of yourselves and each other.
