Timestope Review Vs Btcmyk

Welcome back to the channel. I hope you're having a good day, uh, and today we're gonna, uh, review TimeStope, um, and so it's gonna be a very interesting video. Um, you know, a lot of people have started to talk about TimeStope, and it's a very— it's almost a carbon copy of the Pi Network. Um, there are a few slight differences But what I am glad to see is many of these projects that are now creating this more fair distribution system. You know, I think a lot of the allure of Bitcoin was just this ability to where you could get in and you could early on mine this cryptocurrency that was fractions of pennies, had no value. And had such a, such possibilities towards the future. And that romanticism of projects like Bitcoin, I think has really fueled cryptocurrency since then. And even though we haven't got that repeated again, really in any other cryptocurrency, it is still kind of there. And we're kind of still searching for the Holy Grail. But what comes up a lot is fair distribution. Of course, a lot of the creation of cryptocurrency had to do with being fair monetary policy taken from what we had to deal with in our standard monetary policy in its being in bed with the government, right? And how that could be abused. And so these things made these ideas and these projects very important. But distribution is such a very big important part of that because if we're not gonna have fair distribution, if we're not gonna have a way for equality to be a big part of cryptocurrency, then what is the point of it? We may as well go back to what we had before with regulation, with at least you being able to, you know, get your, take somebody to court. you know, if your money's stolen or lost. Uh, have your bank refund your money if it's stolen, and so on and so forth. So TimeStope is one of these projects that's kind of on that similar train. And if you watch the channel a lot, you know that we believe the, the way forward in the future is going to be these universal basic income cryptocurrencies, right? Um, we believe that's why you hear so many people talking about it, so many big tech billionaires talking about it, because, uh, in a future where we're probably going to deal in a very devastated recession, uh, plagued economy where there's probably going to be a lot of job displacement, they're going to need solutions, right? And they're worried about where's the money going to come from to spend money in their products and services and business. You know, I don't think it has anything to do with they're altruistic or that they're socially conscious so much as to where it's more of a reality check, right? So this is going to all be very important. What is Time Stope doing any different? Well, it's kind of— it has some very, uh, uh, uh, um, kindred-like concepts in what Universal Basic Income has, and that's equality, fair distribution. And as you can see their caption here, Time Stope, your time is precious. Human time is fair to all, 24 hours a day, right? So everybody has a 24-hour day. Everybody has this equal value system. Now the world of a new currency system begins. Your time is not free. Now save your time and use that time like money. It's simple. Just download and launch the Time Stope app. Now you are the master of the world, right? And so it's got this interesting here, um, uh, kind of mantra going, right? And it's basically talking about how your time can be monetized, right? That in this attention value economy, um, that your time is, is of the utmost importance. And these are the things I like about the Pi Network and what I like about TimeStope that's probably playing out like a clone. Um, and it's gonna probably be many more of these, especially after, uh, the account success of the Pi Network, that apparently reached about 10 million users. That shows people are interested in this kind of thing. But we're going to also do comparisons with TimeStope and the BitcoinNYK project, right? So we're going to go over the pros and cons of TimeStope, then we're going to compare a little bit to our project BitcoinNYK and just, you know, show you, um, where they shine together, where they're similar together, and so on and so forth. Um, and why you need to be using them at all. I can tell you right off, I think you should be using them all. That much I do like about them. But let's get a little bit into the meat and potatoes. First, in their own words, what is Time Stope? Time Stope is a world of new currency system. And, uh, uh, how to join it? You must be invited by the witness. Who is witness? After you successfully signed up your account, you are called a witness. What are your benefits of being a witness? You can get TIME every day. What is TIME? TIME is a cryptocurrency used in Time Stope. How to make TIME? When you become a witness, you can gain TIME by spending your TIME during the stope term. So again, you know, what's happening here and what we're seeing is these projects like TimeStone, these are these mobile application wallets where your time is essentially being recorded and your time spent on the app is. So it's kind of similar to Pi when you push the earning button, you know, and it, it already logs you for so long a session. And you're earning, not because you're mining, not because you're really running like a witness node or something, but you're, but you're gaining value from your attention there, right? You're essentially just pushing a button. This is all simulated. And, uh, um, and, and, um, there are referral programs, and these referral programs build the network and their value, right? Um, now, you know, of course many of us understand all that, uh, and the, the good part of that is you can get into this, you don't, you don't need any money, you don't need any mining equipment, you're earning or potentially going to be part of a large network that could be a cryptocurrency of tremendous value possibly. And so all of those things are, are Possible, potentially. But I also think the more of these projects come about, um, probably the less, um, uh, they're going to be appealing to people, you know, in a sense, because now it's going to become, uh, the opportunity is going to be, uh, more commonplace, you know. It's like Bitcoin, when you first got into that, it was the, um, premier cryptocurrency, and if you get in there early, in my Uh, you really had something there, right? And we know the story from that point. Uh, there seems to be this recreation of that, or at least in hope, an idea. And that's what many of us are going for. And so in that retrospect, where you could just use your time equal to what everybody else has, that's a, that's a good thing, right? That's a, that's a fantastic thing, right? Let's take a look at their little promotional video here. I thought I just saw a few minutes ago. I'm gonna play it. Let's take a look at it. Okay, so that all sounds pretty darn good so far, right? Um, Time Stope, right? And the application is downloadable at the Google Play Store. The possibility that you could probably have a cryptocurrency that's, um, I believe from their own words, is valued at about a penny or a little something more than that. And maybe one day it could be worth $100, $1,000 or something like that. We don't know if that's going to happen, but we also don't know if that's not going to happen. Cryptocurrency has proven to us to be quite elusive in knowing the future. Well, we'd all be in the right projects at the right time, and we would be on this site all the time trying to mine and earn something if we thought it was going to be something. But now that you see a potential possible future that has a very positive one on Time Stope, now let's take a look at some of the cons of it, what I see so far. So some of the cons right off with Time Stope is the same one that's with, um, Pi Network, and that is they have no tradable market. So the idea is that they're collecting your data, you know, you're signing up, you're registering, and you're not earning anything, but you're putting time into this thing because it's all also kind of feels like that multi-level marketing stuff where the growth of the network is depending large scale on If you're able to, you know, more people are going to join and their belief is your belief that they're going to keep joining and this thing's got to be worth something and people are going to hopefully keep, you know, recruiting them, you know, and putting out their referral links. Now the problem is while all that's going on, there is no, um, you know, there is no, uh, assurances as, or that there's going to be any value to that. And, uh, uh, you know, oh, sorry about that. We, you know, so we have to determine if that's going to be something worth our time, right? And with so many of these popping up every day, you know, we also have to be reminded that this isn't a new concept. This is something that we kind of seen happen with Electroneum and Phonium. And so they introduced many of these, uh, projects like, you know, they are something, uh, that is the first of their kind or revolutionary. And not only are they not that, uh, the projects that have done this and some that have done it at a very well level, I think, um, have not succeeded at this, have, uh, value-wise not been very, uh, uh, uh, impressive. And, uh, um, you know, we know this by looking at the history of them now. Um, so is this just, you know, yet more waste of time, a gimmick? Maybe a few people at the top get rich That could very well be what it is. Um, and that's something we have to pay attention to, that, you know, is it that? The other con is, however these things are engineered or designed, they're not open source like your standard cryptocurrency blockchains, right? You can't really see what's happening on the blockchain. There's no transparency. And so in that respect, it's going to probably come up that these aren't real cryptocurrency. It's going to come up to, you know, how does this really work? And, um, there are going to be some issues there, right, with that, right? Um, so yeah, that's going to be a problem. So what else besides that? Of course, as we kind of mentioned, but more specifically, they kind of give you an idea of what the price might be. We have no idea how they've determined that really. There is in social media applications, depending on how they're set up, um, if they're running ads, if there's promotion, if there's data. There could be value established from large social networks depending on how they're organized to gain that value and extract that value. Uh, none of these ideas seem to come up in, uh, Time Stope or even the Pi Network, but that doesn't mean that they will have a value of zero or that they won't go up because Uh, it is, um, it is also true that, um, you know, there's value in these large networks. But so you kind of get the cons now that, that you got all that going on, and because of that, there's not a tradable market. My other concern with these projects is why isn't there a tradable market? If they're getting tens of millions of people, uh, what exactly is— are they hoping to happen that's not going to happen with that many people when, you know, you could potentially already be half the size of the Bitcoin network, which is worth— hit a trillion-dollar market cap? You know, those questions raise a lot of red flags, and I'd also be concerned about their branding. in that respect and so on and so forth. But with all that expressed, because these projects are still free to use— oh, and I forgot one more. I need to be clear on this and cover this too. The Timestop KYC process seems a little bit more grueling than the one on the Pi Network, right? And so remember, these projects are collecting a lot of data on you. They need a lot of KYC because they cannot have duplicate accounts. So that's going to turn a lot of people off from wanting to join these networks simply because they have to provide all this data and their life story, so to speak. And what are they getting in return for it? Probably not much unless this does take off. Other than that, they're getting a few pennies. And that's a problem. That's all of this is a— can be a huge from. And I'm trying to— not trying to down the project. I believe this particular project was started out of South Korea. We know the Pi Network is out of Stanford with 3 professors and so on. But, um, you know, so we don't know a whole, whole lot about TimeStope, but I still like the idea. You know, you— we could also reason that, um, at least is going in the direction of how we like cryptocurrency to be in. And that is where the main idea is you got to buy the token, you got to speculate on the token, right? Or the cryptocurrency that you— that you— it is needed for them to survive. And I think when you create other systems like this where you're mining and that value is being created in the network and it's a fair mining system And it's a fair opportunity there. And, uh, um, um, you know, that value can be built in that network, uh, in, in that way. So these are good things, and that's why I would use all these networks, and that's why we use Pi and, uh, um, and, and TimeStope. But let's now compare that to BitcoinNYK because I want to show you guys a lot of what I think you are missing out on with many of these projects, even though I like them, even though I'm going to use them. But even now, more so why you should be using BitcoinMYK. So let's get you over there and show you some of the differences there. All right, here on the BitcoinMYK.com site, and here are some things we want to show you about, um, the BitcoinMYK Project in relation to what we get with the Time Stopes and the Pi Networks. And again, um, we're just giving an honest opinion here and we're trying to take all this into consideration. Um, you know, the end of the story is I think it's a good idea to use the Pi Network, uh, if you don't have a problem giving out your data, right? If you're one of those people kind of iffy about it, don't use it. But if you're a person who You know, it's not a big deal to give out your data. We look on social media, people are dying to tell who they are and be known by people and tell you where they live. And you know, if you're one of those people, you know, then, you know, I think it's a great idea to use Pi Network. Time stone, what is it going to do, right? It's going to cost you a little bit of time in an industry you're already interested in, right? It's not telling you to go out and buy a bunch of cryptocurrency. In fact, you can't. And BitcoinMYK is the same way. In fact, all three of these projects are the same way. That's why I like them. I think that's gonna resonate well with people in the future, and I think they're gonna create valuable networks. But the problem is, um, and this is another con to at least Time Stope— I'm not sure if this is happening on, um, Pi Network yet, but you— there isn't an application on iOS, iOS, right? So that means that the people who use iOS cannot use, uh, Timestop. Um, and so I think that's a problem. I don't, I don't think that these mobile applications are that important. They certainly aren't groundbreaking. And the reason I say that, because it's all simulated, mind you. I mean, it's fake. There's no actual