Once again the fast forming Decentralized world has another great innovative project that is happening already called Bit.Tube. They are listed on Coinmarketcap, ranked at 420 at the time of writing this article – and its one to keep an eye on for two reasons.
There is just a 94,000,000 Max Coin Supply, and they are already nearly all in circulation – and the second reason is that they are valued at just 0.07 Usd.
It is open source and Bit.tube is the rebrand of IPFS.
The IPFS protocol can have many media files floating around on it, much like a storage cloud. You could say its like its own internet, and by connecting computer devices it is also like a BitTorrent, as it holds many media files that anyone can access very easily. It uses Distributed hash tables which means that it doesn’t need actually coordination from its nodes, and if one node breaks or leaves it doesn’t effect it. Also, it uses location based addresses to relay files which make sending the files so much faster than the way we do it now.
Bit.tube coin has the ticker TUBE, and is also an easy coin to mine. The whole interface is very easy to use, and to start mining is just a click and a read of instructions. It is an Ad Free Website which means there are No Adverts and Pop ups, or annoying waiting times before or even at regular intervals during a video. The media files stored on the protocol are owned by nobody and cant even be destroyed, meaning that everyone in the world can get any video that is maybe deleted in the country they live in and can see it.
Content creators get paid, and so do the Viewers.
Yes, its true. The viewer and creator have wallet’s on the interface and gets paid for the duration of watching videos. The viewer gets paid for watching, and the creator gets paid for the viewers watching. I’m just saddened that for people using mobile data instead of wifi, and like to download the videos to be able to choose the resolution and file size to save the data usage, there is no choice to set the resolution of videos to cut down and save on the pre-pay mobile data, or maybe there is and I’ve missed it..
This is for me though is a game changer. Quoted from an interview article with the dev team, written by Catoshi on Medium:
In order for a blockchain system to function a cryptocurrency is necessary, in that sense our vision is to deliver a user-focused platform which respects freedom and privacy, then is up to people to evaluate its coin. Our goal is to establish a recognizable image for a quality content place build with trust, no censorship applied. A platform that delivers truth in a trustless environment. Another aspect is that Bit.Tube is one of the easiest ways to get into the crypto world, without having to go through exchanges or even without paying a cent, just a click away in your browser. We want to show to the world how crypto creates new possibilities for everyone on the internet.
Free Crypto - the future for a soon to be world wide “Jobless Society”.
For most people in the world its not just so easy to go and buy crypto. Its quiet alien still to its workings and some don’t have the money to spare to by any in poor country's. The most people in this situation always seem to have access to the internet and are happily watching Youtube videos already. This is one of few crypto currency’s where the user has to invest nothing extra to be rewarded for something. Basically put, by getting paid in TUBE coins to watch videos that you would otherwise be watching through Youtube, is just a “why not” situation. If you didn’t already notice the development of blockchain games then go check them out. Its literally one of the easiest way to be earning a living in the future!
My conclusion.
I cant see where this can go wrong, in fact, I just tried signing up to Livecoin exchange to go get some TUBE because well, I’m no financial adviser, but this is a hidden gem! I didn’t complete the registration as it would not accept “John Smith” as being all English Characters?
We are still very early in all of this and 2 years too early I’d guess. Tools like this floating around shall be worth a lot in the future for people to still have freedom to watch what they want uncensored. We are already in a very censored world, and its going to get much worse as time goes on.
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Thanks for the tip about the BitTube platform @movingman.
We will definitly check out uploading our discography on there as well! 😎
We just got our 4 first uploads up on the BitTube platform 🤗
Great! Wish you all the best 😁
I have already an account on BitTube and good experience like YouTube.
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I need to check this out... thanks!
yeh its good, well can be better lol.. i find not all youtube vids are on there , but if you want to listen to background music then play on bit.tube and get tube coins, i watched just like 2hours so far and have 0.40 tube lol