In this video the speaker introduces a new Hive blockchain feature that rewards users with cryptocurrency simply for reading posts. The reward system is implemented through the BitcoinMYK platform, which mirrors Hive content and distributes a free token that can be traded on Hive Engine. The speaker draws parallels to the Zen Crypto project, emphasizing that both operate on a proof‑of‑participation model where no monetary investment is required. He then shifts to a critique of sacrifice‑based token sales, using Richard Heart’s PulseChain as a case study: the lawsuit against Heart, the SEC’s view that such sacrifices may constitute unregistered securities, and the broader legal vulnerabilities of similar projects. The discussion expands to the economics of free‑crypto projects (e.g., XEN, BitcoinNYK), arguing that network utility can generate value without direct capital inflow, and contrasts fee structures across BitcoinMYK/ZEN (low or zero platform fees, Ethereum gas fees only when bridging) versus traditional Ethereum‑based tokens. The speaker also provides practical guidance for Hive users: claiming their Hive accounts on BitcoinMYK, setting up Hive Engine wallets, and moving tokens across exchanges. Throughout, he weaves a philosophical stance that critiques corporatist capitalism and advocates for decentralized, user‑owned value creation. The video concludes with a call to action to join BitcoinMYK, subscribe, and engage in the Hive community.
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Welcome back to the channel. I hope you all are having a great weekend. So today we want to talk a little bit about, um, what's happening with the Hive blockchain as far as, uh, a new, uh, feature we got going now where by reading the post you're earning cryptocurrency, right? Now this is kind of weighing in good with some of the ideas of what's going on with like the Zen Crypto project as well. Because what's happening there is these are both products in which people are getting cryptocurrencies for free just by reading blogs, just by participating in communities. You're earning the cryptocurrency right through proof of participation, right? So if you're reading the blogs and so So if you're on Hive, if you're a Hive user, as you can see, you will be able to claim your Hive accounts here on BitcoinMYK. And, uh, basically by doing that, uh, you're going to earn the cryptocurrency, right? So, uh, basically, uh, copies are being uploaded of your content on Hive, uh, on BitcoinMYK, and you're earning the cryptocurrency which can be traded on Hive Engine, right? All just by participating. Uh, um, there's no need to, uh, invest any money or spend any money. Uh, you'll be able to earn our cryptocurrency, trade it on one of several exchanges or several exchanges. Um, now, uh, the Zen Crypto— the Zen community, the Zen cryptocurrency Bitcoin MYK, our belief is that this is gonna be the way going forward into the future, right? I had been making this prediction for several years now. Recently here, Richard Heart was sued. So the thing is, the lawsuit that came with Richard Heart, of course, we're talking about the funds that were raised during the sacrifice phase of the, The Pulse blockchain, right? Where you could sacrifice and you were sacrificed for freedom of speech. And maybe, just maybe, you would receive some of the Pulse coins, right? And so people were investing a lot of money into this thing. And the hope was that they were gonna get, you know, they were gonna make some quick money or whatever. So the people who didn't, I think they become quite upset about that. But there's another problem, uh, with these sacrifice projects, uh, right? And this is all going to tie together into free cryptocurrency projects, earning your cryptocurrency without investing in it. And I know that is foreign to many people, uh, who don't understand Metacapsule, who don't understand that a network within itself and within the utility and use and value itself produces value even if nobody, uh, invests directly, uh, in the network. It would be like, um, if you were on a big network like Twitter or Facebook, right, or Instagram, right? To say that that network would have no value if everybody was there using a product would be, um, inaccurate, right? We know that, uh, even if you couldn't liquidate in some way and go directly and sell units of that network, we know that by and large that network would still hold value, right? So we have to stop right there because remember, money is fake, right? For people who believe that the fluff that happens on exchanges is what actually gives something value, uh, to believe speculation gives something value, well, it may give something value in the short term, but that doesn't mean without the utility being there that it will be a lasting value. And that's why so many people lose so much value in cryptocurrency, because they don't quite understand the value of, uh, what true value is, right? But yes, Richard Heart's been sued, uh, and part of the problem is you have to understand that the SEC isn't a dumb government agency, right? Even though to some of us it may seem that way. The SEC can clearly look at the sacrifice periods of what's been happening with the Pulse ecosystem and declare that this is just a way to circumvent regulation to raise money. You know, and I was always concerned about that from the beginning, that this is just like a way to raise money and you're going to get people the coins, right? Unfortunately, that doesn't bode well with the SEC and our legal framework, right? So in other words, uh, if these lawsuits keep up, it gets to the SEC, you know, uh, the Richard Heart ecosystem could face some major problems. Now, in, um, relation to XIN, if you look at something like the XIN crypto project where everything's free, there's not much you can do there, right? The money's not going to any particular person, it's going to the Ethereum validators and so on, right? That's why I like free projects, right? Uh, that's why I like building projects. If you look at something like BitcoinNYK, no money was raised to build it, right? It came to the people already built, already for use, right? For free. You can sign in and start using it for free, start earning the cryptocurrency. You don't have to pay for it, you don't have to buy it, and you don't even have to pay fees to move the cryptocurrency or large fees like what are on Ethereum, right? You can practically, you can actually move it free on the platform, right? And you can do business with it on the platform, right? Transferring between the accounts on the platform. But as it moves over chains, multiple chains, as it can bridge to other chains, then of course you're subject to paying the fees that those fees charge you. But keep in mind, that's not the fees charged by BitcoinNYK. And that's the same thing with Zen. The fees that you're paying with Zen is being paid to the Ethereum network. It's not being paid to, uh, uh, Mr. Levine, right? Are we clear on that? Now the problem with the OA wallet, right, with the HEX project Oh, I'm sorry, the PulseChain is that we know it went to a particular entity, right? That some people suspect to be Richard Heart. And I could see a lot of problems with that emerging going into the future and the price of the project and so on and so forth. Uh, I think it's a very dangerous game Richard Heart's kind of been playing, uh, with the, with the Pulse ecosystem. You have to think for a moment Like how crazy people are going to get when you get billions of dollars from them and you kind of postpone projects seemingly indefinitely for them, right? Come on, guys. You know, let's use our noggins a little bit there. And I'm sure Richard Heart's smart enough to understand that, that these people are going to go ape, right? And his communication hasn't been the best. You know, he's saying things like now it launches when it launches. That's just not good communication from groups of people who've giving you billions of dollars, and to think they're going to sit down and just take that without giving you problems, tying you up in courts, giving you legal issues, uh, it's just not realistic. And, uh, so it's been some concerning videos with Richard Hart. Uh, you know, I don't know if it was an act, I don't know if it was another marketing thing, but he seemed a bit, uh, you know, not upbeat. He seemed a bit our, uh, you know, he was speaking with, I believe, was Ivan on Tech. Uh, I kind of felt he was trying to try a different strategy to downplay all the pump and flashing all the money when, when he's— these people have invested all this money or, uh, quote-unquote sacrifice. But again, the legal precedence the SEC sets, uh, you have to understand with a body like the SEC the laws that they follow and set aren't necessarily going to be interpreted the way we interpret stuff. So when we come up with ideas to get people to put up money to maybe or maybe not receive what could be an unregistered security or not, you know, they can see that as circumventing regulations, right? Or is trying to dance around regulations. Trying to raise money. You understand what I'm saying? But if you have a free project, right? If you're really giving the product to the people, and it's not that I condemn capitalism. My argument is that what we call capitalism today is more akin to corporatism where business infrastructure companies more so run the government and not democracy. And, uh, so my argument has been that, not against capitalism, although it has, uh, masqueraded as capitalism. And the problem with all of that, uh, um, is, uh, you know, of course, that then now you're under the control of those centralized entities that have taken all your money and so on and so forth, right? So I hope you guys follow me. I know as well this is supposed to be a Hive video so you could get your Hive free. You really don't have to do anything, uh, your Hive polls Uh, and if you're in the Hive ecosystem, you're already accustomed to this, you're already used to this. Just go to BitcoinNYK.com, um, and, uh, you'll be able to claim your accounts there. Uh, your cryptocurrency will be distributed. You know, you really don't have to do anything. It'll be in your Hive wallets under, on Hive Engine, right? So your posts will, uh, be uploaded to BitcoinNYK, but they will appear You know, your cryptocurrencies will appear there. Now, uh, if you want to do transactions free on our network, you can just log into the network, right? You can claim your wallets, uh, or your accounts here, and you can move money free transactions here on the network. But, uh, you can— the only fees you'll pay on Hive is the very low minuscule fees, right, that they— that Hive has, uh, in association with them, right? So very interesting, fantastic for the Hive community. Just by reading posts, you're going to be able to earn cryptocurrency, earn off your posts and so on, just by participating. So what we've done in essence is much like the XEN cryptocurrency project, move the protocol in a sense to Hive, right? So they can share in what we believe to be the future systems of cryptocurrency. That's all I want to say. If you got more questions about this, feel free to leave it in the comment section, leave it on our Hive post, right? Uh, right. We'll help you get started. Other than that, uh, everything should just work for you. Look at your Hive Engine wallets. If you don't have a Hive Engine wallet, as much of the activity with BitcoinNYK happens there, I would highly advise you get one. If you're not interested in getting a Hive wallet, sign on to the BitcoinNYK platform. You get a wallet here on the BitcoinNYK platform in move your cryptocurrency to several other exchanges that you can use, um, uh, you know, uh, with these various exchanges, exchanges, decentralized exchanges as well, uh, as centralized exchanges, right? But that's all I want to say in this video. If you like content like this, don't forget like, subscribe. Until next time, as always, don't forget to join BitcoinMYK and take care of yourselves and each other.
