Xen Crypto Grand Plan! /Hive Users Earn On Old Posts

Welcome back to the channel. I hope you guys are having a great day. So before we start the video, take a moment, like the video, subscribe to the channel. The reason you want to do that, guys, is because, uh, whatever crypto community you belong to, uh, the more people see videos about, uh, that particular cryptocurrency, the more awareness it's going to bring to the chain. And so, uh, that feeds the YouTube algorithm to get it out there more people's viewership. So a good idea for the overall community to, uh, interact with the videos, like them, subscribe to the channel if you find this content valuable. Um, with that said, let's get into the video today. Uh, we're going to cover two topics today, two subjects today. The first is going to be XEN cryptocurrency, the grand plan that's happening of XEN. what it means and why it's so important. And the next part that is going to be targeted to the Hive community that is part of our project BitcoinMYK. And so if you're a Hive community member and you aren't interested in Zen cryptocurrency, you can fast forward the video a little bit and we'll cover, uh, the topic of, uh, of the Hive community, how now the posts you create you can, um, earn even on old posts using our application and platform. Okay, so let's talk about the Zen cryptocurrency's grand plan. With Jack Levin. So many of us recently saw a video with Jack Levin where he talked about he was going out there to seek venture capital money, that he had been, uh, basically working in that area already, uh, helping new projects launch, getting funding, uh, funding that he knew, uh, people at Google and could talk to them about getting funding. And so he seems he has a great basis cover around that area. Now, if you're not familiar with what a venture capitalist is, I did work in that industry shortly after I came off Wall Street. And basically what they do, probably one of the simplest ways to look at it is if you're probably familiar with a show like Shark Tank, right? Where people sit up there, they analyze your new startup business or company or product and people with lots of money proceed to fund said project, right? So very interesting stuff. Now, some people don't like that in cryptocurrency because it doesn't speak to many of the bases of cryptocurrency, uh, you know, that being that, uh, you can have kind of these centralized groups that can control your blockchains and so to speak and so on, right? So let's speak to that a little bit. The basic idea behind that is that, uh, that doesn't happen in cryptocurrency, which is very untrue. In fact, most of your top 10 cryptocurrency, most successful cryptocurrency projects got to where they're at through venture capital funding. Uh, Ethereum, I believe, raised hundreds of millions of dollars, and pretty much all major cryptocurrencies that followed after that that have remained relevant and successful didn't get there by retail investors and just people wandering up, but they got there through venture capitalists pushing and pumping in hundreds of millions of dollars. Because we're led to believe we have this false narrative, you know, even self-starting projects like BitcoinMYK, which I founded, some people come and say, hey, you know, it sounds like a great idea. Why isn't it successful? Why isn't millions of people using it right now? The part that's missing in comparison to other cryptocurrencies that many don't realize is that these projects are venture capital funded. They are centralized in the wealth category, all of them, even Ethereum, uh, even Bitcoin, uh, for it to get to the next level, got a lot of venture capital money. Right? And so that has been a necessity in these products. And, you know, if you don't know that, you just haven't been paying attention or you don't understand really what's been going on. So there have been great measures of centralization in the wealth category for many projects, right? Overall, It, it's a good thing, I believe, even though it does put a bad taste in our mouth. It's going to be a good thing for the overall development of the Zen ecosystem, right? It's going to— if you want Zen to be a top 10 cryptocurrency, and the top 10 cryptocurrencies were given billions of dollars and hundreds of millions of dollars, then it would only probably follow that to have that similar line of success. That you would have to have the same thing happen. You know what I'm saying? Now, it's wishful thinking, it feels good, it sounds great that we control our destiny and everybody comes together and Joe Schmo puts in money and this guy puts in money. You know, even if you look at something like Richard Heart and HEX, there was some big money people got in there, uh, and, and to look at the wealth of HEX and, and what we're going to see in the PulseChain is not going to be decentralization by any means, right? Uh, you know, it's probably 5 or 10 people that probably gonna own that entire chain, right, and have put in most of the money. Uh, it's already highly speculated and analyzed, or, or almost a fact at this point, that, uh, 90% of you know, uh, the PulseChain will be controlled by a centralized area of some sort, right? So those are things to talk about. But anyway, uh, let's get into our next, uh, part, which is Hive users and the Hive wallet. And, uh, we invite you to watch the videos, understand Hive a lot more. So it's a pretty, uh, well-put-together blockchain and concept specifically to many of the areas we're trying to get into. But as you can see, it looks like a a standard social media site where people are posting and they're liking each other's content and they're actually earning cryptocurrency for it, right? We call it the Citizen's Dividend. You get awarded this cryptocurrency just by being a member, uh, here, and you, you use a Hive wallet through the Hive blockchain app. Uh, what we're covering today is the Hive users. We're looking at a post that's a year old, uh, done by DM312. But what's significant about this post, and I'm going to click on wallet here, but what's significant about this post is that, uh, um, the post in itself is, uh, um, you know, basically a very old post. And how things work on Hive is Hive generally, uh, only rewards posts that 00:07:07. The only reward post— I forgot I have to be logged out in order to see the other people's. We have transparent wallets, but this is just showing my wallet activity. But in order to have posts from other or viewership of other people's wallets, you need to be logged out, right? So anyways, Basically, we were looking at that old post and with that old post, you basically, or how it generally works in the Hive ecosystem is once after 7 days, you can no longer earn rewards on the post, right? So no matter how great the content is, we refer to it in social media as evergreen content. And this is content that is always gonna have value. It might consist of some type of educational tutorial. It's always going to have value. It's always going to be, uh, you're always going to be able to get value from it. But in the Hive ecosystem, there is a timetable, and that might be for a good reason, right? We don't really know what would happen if people could, uh, earn indefinitely on a post on Hive, right? We don't fully understand the sustainability of the system itself with the changes of certain things. It could be a good thing, it could not be a good thing, right? And our platform, the way it's consistent, is a good thing. Uh, so that gives Hive users now an advantage with their posts. They can claim their Hive wallets on here. Their posts are indexed, uh, to our platform. Uh, they can log— they can basically claim their Hive user ID and they're able to, you know, earn on these old posts continually, right? And, uh, I think it just offers, especially those people who create that valuable content that never goes out of date, um, is going to be a great advantage to them, right? So I want to talk to you all about that today. If you have any, you know, further questions about how to do it, uh, subscribe to our channels. If you're on Hive, you can read a lot of our posts, uh, and you can learn about the BitcoinNYK project. Visit the website that'll be, uh, in the description and on our posts. And, uh, in that way you can get a full more, uh, details to how things work on BitcoinMYK, right? Uh, in fact, let me just go over to the frequently asked questions. I'm going to do a quick rundown of them because I, I know how it is with some people. Uh, you know, uh, it's just hard to get to that next thing. It's hard to set aside time, and everybody's time is valuable. So I'm just going to give you a quick snippet of how it works and some of the major questions people have. So what is BitcoinMYK? BitcoinMYK is a platform mostly used in the Hive community that uses an algorithm to auto-curate as well as manually curate social media content, right? So when we think about onboarding, the thing we want to do first, uh, is basically, uh, have an easy way to get people into cryptocurrency, right? And we find the easiest way is through social media, right? Because everybody uses social media. Everybody has a use for it through communication. Everybody has an understanding of it. And the user interfaces are generally something everybody understands. So if you incorporate cryptocurrency into that, you tend to learn, to grasp the information more quickly. How do I use the platform? You simply create a free account using your Hive user ID, start posting on the site. All earnings will be available in Hive Engine, right? So the people who are on the Hive chain, they understand that if they have a Hive wallet, they can log into Hive Engine, which is a DEX, and their cryptocurrency is available there. It should be available within 7 days. We have to update the content to, to reflect that. Why am I being asked for an email? You may use a dummy email. Emails are only used for password confirmation, tech support. No emails are sold for marketing. That's basically quite self-explanatory. Just means that we're not going to sell any of your information or You could use a fake email, a dummy email. It is just an email for communication, just to confirm and recover passwords. What is the Citizen's Dividend? The project created the Citizen's Dividend— excuse me— as free token distributions on every login to build network value and promote mass adoption. In a nutshell, that simply means when you log in, you're going to earn money just for being a participant in the site. We call it the Proof of Participation model, and no, we didn't steal that from Zen. Uh, we created that model back in 2018. Um, and so this is a way to, to encourage mass adoption, to encourage good distribution and decentralization and so on. Why is Bitcoin in the name? BitcoinMYK only has Bitcoin in the name based on existing on the Bitcoin Cash network. Other similarities range from 21 million coins to airdrops to Bitcoin holders. So basically that's saying that this isn't a Bitcoin fork per se, except in the definition and idea of, uh, basically, um, that it exists. It's a multi-chain token, which means, uh, in order to scale our project, we want to be in many communities. And we created that idea again before Zen, right? We existed on many chains many years ago, uh, and you can move your cryptocurrency, same token values. Where it's different than Zen in that, whereas Zen, when you move the balance of the token, you're gonna have a different amount, a different token, a different amount of the cryptocurrency on another blockchain. Whereas with us, when you move one token, you burn it on one chain and now exists on another chain, right? So value-wise, you're not diluting Bitcoin MYK as a whole, right? It's gonna hopefully— an idea of bringing the value up on every chain so you won't have a situation like XAMPP where it's pretty much valueless on Polygon and Binance but has all the value on Ethereum. Um, is Bitcoin MYK safe? Yes, the token exists only on major secure blockchains with high-level security. Yes, that just means that if it's not a reputable, uh, solid blockchain, we probably don't exist on there, uh, and so the security protocols on that chain are going to take care of the token on those chains, right? What about Sybil attacks? The possibility of Sybil attacks are limited by the cost of wallets and elected adjudication groups that only allow one functional account, except, uh, if you link secondary accounts to your first account. So Let's break that down. Sybil attacks just mean you can get our cryptocurrency free. Somebody would create many wallets, many bots, but because all transactions and withdrawals clear through the Hive blockchain, these wallets have a bottom floor cost, which means that in order for a person to do a Sybil attack, they have to create multiple, multiple wallets. How many accounts may I have? Only one active account is allowed unless these accounts are linked to the main wallet. So basically you're telling the, the network, yes, I have more than one wallet, but they all belong to this account. So if they try to withdraw, you know, that's the same person and so on. The amount of participation you do, there's no limit on that. So you can spend hours on end earning money either way. You don't have to create more, more than one wallet. You're still going to be able to earn Um, you know, as much as you link those wallets up or as much as you, uh, participate in the network, right? Why is BitcoinMYK needed? Manual curation is limited for social media content. Having an auto curation system helps in network-wide coverage. That's more related to the Hive community in that what they do is they try to manual create content, a lot of them, and the problem with that is Many times it's just overwhelming for, or time constraints for people to do that. What generally happens is a lot of good content doesn't get curated by deserving people, and that kind of, you know, rubs some users the wrong way. How do I claim my Hive user ID? Simply click complete registration and type in your Hive user ID and create a password. We will never ask you for your private key entry. Sharing such information with apps can be dangerous, and we ask you proceed with caution on apps that ask for them. That's basically saying, um, the— your, your posts are indexed from Hive, right, where you already go through that routine with the private keys. Uh, we have a similar idea to Hive Keychain, which is their, uh, their wallet and application for DEXs and so on, and it allows you to create your own simple user password, right? So you can do that when you log in with us. You simply use your user ID, log in with your newly created password, and you're able to, uh, basically link up, uh, this wallet with your, with your Hive wallet. How do I withdraw off your platform? Click transfer button to the right of your screen, select admin recipient, right? All transfers go in your Hive Engine wallets at this time. Hive Keychain available on Google Apps is recommended, right? So again, that's basically just saying the activities you do on our platform are going to reflect on, on, on Hive and your Hive Engine wallet, right? So when you're sending out the payment, you're transferring it out. When you send it back to the administration, the administration sends it to your Hive wallet. Basically, that's, that's how it works, right? So it routes through there, uh, right? And so that clears up any problems of, um security issues, whether it be through private keys and so on. I think what we're expressing is that in many Hive applications, we tend to give out our private keys to project creators and founders that we may or may not should trust, right? But we make the conscious decision to trust them, and that can endanger the security of our account. If you still have questions, you can reach out to us. You can do it on this video, you can do it on the platform. There are many ways to contact us and we will, uh, respond, uh, as soon as possible. Um, that's all I think I want to say in this video. I think it's been— I hope it's been enlightening a bit. Uh, again, don't forget to like and subscribe. It's very important, very important. Uh, it only takes a second to do. Uh, but, um, but that's going to allow you to get new content. And the thing about cryptocurrency is having information available and then having it, whether it be about a project you don't know about, or even a project like BitcoinMYK that may become a great project, maybe a mediocre project, or might continue not to be. But the fact that you know about it and you have access to the information can be all the difference in the world. But to know about it, you have to know about the channel. You have to know about information readily available. And to do that, you have to be subscribed and click the bell notification at the top. That lets you know what's happening. That's all I want to say in this video. Until next time, as always, take care of yourselves and each other.