Twitter "X" Aims To Become Bitcoin MYK

Welcome back to the channel. I hope you're having a great evening as we get ready to go into the weekend. So Elon Musk, Twitter X, or the company formerly known as Twitter X, uh, has maintained multiple US states to process or licenses and multiple US states to process payments, um, and that includes crypto. Must social media platform X, formerly known as Twitter, has obtained money or currency transmitter licenses in 7 US states including Maryland, New Hampshire, and Rhode Island. All right, so, uh, some people are Looking at this as a great way to introduce the masses of people to cryptocurrency, implementing one of the biggest social media platforms in the world into cryptocurrency, and thus now this becomes a normal, uh, way of life for having this ultimate integration of your social media activities with your, uh, financial services, uh, industries and such. So the title of the video is saying Twitter aims to be like Bitcoin and YK, right, through this process, right? So let's talk a little bit about that today. in this video and shed some light on exactly what that means, what it may potentially mean for crypto users, as well. All right. So Musk has said that he plans for X to expand beyond social media posts, becoming an everything app. And the money transmitter licenses obtained since June from Arizona, Maryland, Georgia, Michigan, Missouri, and New Hampshire indicate the tech billionaire may have plans to support payment processing nationwide similar to Venmo or PayPal, company he actually co-founded, right? A lot of Elon's success started from the sale of PayPal. So I want you guys to just take a moment and process what's being said here because This has proven to be difficult for a lot of people in cryptocurrency. Now, I don't know why this has been such a difficult thing, but it has been, and we're gonna try to break it down so you all get the— excuse me— you get the full scope of what this means. All right, taking a look at Bitcoin MYK to illustrate the point here. So Bitcoin MYK, this is the cryptocurrency, uh, project I think that might more so, uh, be more based on a framework Twitter X wants to pursue. And that is basically like an everything app, right? Let's explain what that means, right? So your social media activities as such, uh, all conducted with your financial, uh, services applications, right? So to kind of help you understand that, uh, you look at something like WeChat, uh, in China, huge in China. You can take your WeChat social media, uh, applications and pretty much pay for anything around the, the cities you wish, right? And it's, it's not separate from your financial services, right? So when it— where this starts to get very amazing is when you start to then incorporate your social media activity into the ecosystem itself or the economy itself, right? Let me demonstrate what that could look like. Now, this isn't what Twitter X is aiming to do exactly at this point. I'm explaining why I don't think they figured this out yet. I think WeChat has, uh, but here's a post, right? Um, crypto-related posts. And some of these, uh, posts, uh, BitcoinMYK is like an everything type app, so the posts are about any and everything. But initially we do have a lot of people from the crypto community, so you're probably gonna see some things more so related to that in the beginning, but I just hit the like button. I like this video, right? And now normally that's where it stops in social media. It goes no further, but I'm going to demonstrate to you here what happens when you do that on BitcoinMYK. And this can potentially happen on Twitter, X, right? in some fashion, right? Uh, it's gonna work like a type of PayPal, Venmo, Cash App, which most people understand. But what happens when you start to incorporate cryptocurrency? And you can see I'm, I'm earning these, uh, these tokens, right? Right. So when you go down here, it gets kind of specific, right? It says, uh, I've gained 1 Bitcoin MYK token for adding an activity to favorites, which I just did with the like button. And, uh, you start to see you're earning these tokens for doing various things incorporated into the system, right? And so that's all very interesting for visiting sites, logging in, making friends, visiting pages, etc., etc., right? So that's all very interesting, and that's what's happening. Now, this is similar to the social economy that's happening in China with WeChat, which is like their huge version of many of these social media interfaces. Now, I'm not saying Twitter will go 100% this method, but it is likely, as they're kind of copying WeChat as such, that that's probably likely to happen. So let's show you what happens here. Let's get a little bit more— let's break it down and get a little bit more, uh, on the money, uh, with this. Okay, now you see I have a— which is a basically an incorporated wallet into the application. I've earned 566 of the BitcoinMYK tokens, which is the currency, right, of the platform, uh, you know, much like these, many of these monetary systems where you can send currencies across the network, right? You can transfer to any recipient you want, whether that ends up being a merchant or whether it ends up being just a fellow user on the platform, right? So, What's so significant about doing something like this is, as Twitter has explained, that it becomes the everything app. Now, in cryptocurrency, that's kind of like our holy grail. Unfortunately, cryptocurrency keeps chasing these half-baked applications that nobody really knows what to use them for. But the reality of the situation, the, the more clear and present approach is that if everybody's on social media, if there's 2 billion people on a social media platform, right, and you're engaging with all these people and you have a network bridge to all these people, right, and you have a marketplace, uh, connection to these people, whether you're selling puppies on the network or whatnot, right, and then you have a wallet on the network, then it just makes sense that these become your payment gateways to this variety of people, right? Why would you need to be on a cryptocurrency platform with 1 million users, 50,000 users, 500,000 users when you could be on networks that have pretty much everybody there because they want to be there because it's kind of like an everything application where all these things are available to them instead of trying to reach 50,000 people with this crypto. When 20,000 people are in the next crypto. Now, to most, that makes logical sense, but not in cryptocurrency. For some reason in cryptocurrency, for us to be conceivably using some of the most advanced technology in the world, some of the smartest people in the world, we just haven't been able to put two and two together. Now, the reason I'm saying Twitter X, uh, aims to be like Bitcoin and YK Right. Let's, let's explain what I'm saying here. What I'm saying is that I don't think Twitter X needs to be like Bitcoin NYK or WeChat, uh, in a sense. I think they have the backing and the resources to develop an effective system in this approach. But what I'm saying is, whether it be WeChat or Bitcoin NYK— Bitcoin NYK now has over 5 years experience in this particular area. WeChat might be somewhere along the same lines or maybe more or so, but, uh, that gives these platforms a great deal more experience than what you're going to get on Twitter, right? It gives it a great deal more experience on development, as you got to see with Bitcoin and YK, how the, uh, the software and the algorithms and the AI can basically, uh, uh, be able to, uh, take the, uh, processing and activities of a user and translate it into a currency, right? Uh, and it's able to do that through the development of years and years of putting this platform together in technology. Now, of course, Twitter coming out, yeah, they'll probably be able to slap something together that deals with that, gets that done. Uh, I don't doubt that, but part of the issue is that, uh, from experience we've had with this, uh, what we've began to see is that a lot of things can come up that we haven't counted for, right? And in doing so, Basically, you can end up, uh, basically with, uh, unforeseen occurrences, uh, things happening that you aren't, uh, ready to necessarily deal with. That it's only through years of development experience and being in those experiences that you will be able to, uh, deal with those. And I think that's where WeChat and Bitcoin NYK is going to be a in a good situation after years and years of dealing with this, right, and having a clear-cut plan about this, right? We know that with Elon Musk, he can sometimes develop ideas and come up with things, and I will say that he has become a success in many of these areas of things he's went after and done them quite well. But the thing is, our There's just only so much you can do experience-wise in the beginning. There's gonna be a lot of things he's gonna be blindsided by, and there's gonna be a lot of things he don't— he doesn't understand, I think, about the psychology of people where they're using cryptocurrency or currencies on systems. And let me just break it down and be real clear before I get out of here so it can kind of come full circle for you all. So the reason people are afraid of where there'd be a product like this, where there'd be some incorporation of what we're doing with crypto and the citizen's dividend or UBI, where there'd be something like WeChat in China, is because what people see when you create products like this is a global economic control system that can reach into political and social dynamics, meaning to the point where these systems could control every aspect of your life. Now it controls the, your, the, so your social activities, your money, your data, etc., to an extent. The problem with private companies like WeChat and whether it be Twitter, the issue there is that because they're private companies, they have a fiduciary responsibility to their shareholders. Right? They're developed and created in a very centralized platform. And so that's why they have to go out and get, uh, these currency payment licenses from this state, from this nation, etc., right? Uh, same thing with WeChat. WeChat, the dangers are it becomes like a social currency system where they're rewarding or penalizing you, uh, and, and, and that is frowned upon specifically by people in the West. But if you have the right combination of a system that the people control, right, where it's not a board of directors, it's not shareholders controlling it, but it's the community that owns it, controls it, decentralizes it, decide what happens on that network, who stays, who goes. When you have something like that, using these technologies to create a democratic, decentralized system, What tends to happen then is you will end up having basically a more decentralized system and a lot of that fear goes out the window. These are areas that I think companies like X, Twitter, whatever you want to call it, WeChat would like to reach but cannot reach these because it's areas like Bitcoin NYK, because it's physically impossible. They are arranged to serve shareholders. They are arranged to serve their backers, right? Whereas Bitcoin NYK is designed, right, to be community-owned, community-driven, which means nobody really owns it. The decisions are made by a community. The, uh, what do you want to look at is mining, the development, and the algorithmic distribution is outside the decision of someone like Elon Musk, who could probably just decide he doesn't want you on Twitter, right? I'm sure he has the power to just he himself decide he doesn't want you on the platform, and that could never happen on BitcoinMYK. Same thing with WeChat. over in China, I'm sure they could decide— one guy could decide if he doesn't want you on WeChat, he could probably freeze your wallets and such and all that stuff. And I believe that that's the same thing with Twitter X, whereas that can't happen with Bitcoin. And why? Because your wallets are on the blockchain, right? Which means it's on the blockchain, controlled, decentralized, controlled by the community. Right? People can't just go in and shut your wallet down, right? And so these are all the holy grails, not only crypto is chasing, but what I think Twitter and what I think WeChat as such would be chasing. Uh, and they're not going to get there, but what they are going to manage to do is get billions of people on their network and make a lot of money for their shareholders, right? Not us, but their shareholders. But The good news is that I think that will bring more attention on projects like BitcoinMYK, and people will begin to choose them. It will have more benefits from to choose them over those products. So by the spotlight being on them, I think it shines on BitcoinMYK, and that's kind of how I look at it. But anyway, um, I would suggest you join BitcoinMYK. It's absolutely free. You earn the tokens free. There's no— none of your data is sold like these other products. or used against you or anything like that. Um, you can provide a dummy email. The email is only needed to, uh, give you, uh, information for your account as such, uh, to be able to, uh, you know, do things with your passwords and such, right? And so that's the only reason for that. Uh, it's, it's nothing, uh, that is controlled by the BitcoinMYK network. All right, um, so join us today and you can get a very good handle on what's going on, and I think get all these benefits of being able to transfer your cryptocurrency throughout the globe, right? But that's all I want to say in this video. Until next time, as always, take care of yourselves and each other. Oh, and before I go, if you like content like this, don't forget to hit that subscribe button that notifies you when our latest videos come out. It will do so by a bell-like icon at the top of your screen. You simply click that, it's going to show you all the latest YouTube videos that have come out that you're subscribed to and such, and then you're able to get the content, uh, that we hope you find valuable and profitable, uh, directly to you. Until next time, as always, take care.