Is BitTube the future of the internet?
There is a shiny new social media sheriff in town and by that I mean that there is a new decentralized blockchain based social media platform coming to town to give steemit and dtube a run for its money.
In this video I will show you how and why to mine TUBE coin and why you want to want to be an early adopter. I will also go over and explain how to use the platform.
Imagine Instagram, Twitter, Facebook and Steemit all rolled into one.
BitTube is already a free to use, decentralized, blockchain based ad-free, video streaming service that is trying to compete with YouTube by making a very similar user interface and allowing YouTubers to upload directly to the platform directly from YouTube. Users can also upload videos directly to the Bit.Tube platform.
Currently the service allows anyone, anywhere in the world, regardless of subscriber count or content type, earn cryptocurrency online just by uploading videos and even just by -watching- video content uploaded by other users on the platform.
TUBE coins as they are called can already be traded against BTC on exchanges like Bittrex.
But just when you see what they have planned for the future you just might get a little taste of that FOMO feeling that all of us die hard crypto-punks miss oh-so much...
Like YouTube, BitTube allows users to get paid for uploading content to the platform, unlike YouTube, BitTube users also get paid for simply watching videos.
The platform is using a system that it is calling "Air-time" and they plan to revolutionize the way we use video streaming services on the web.
We are used to either paying subscription services for getting access to premium content (NetFlix, YouTube Red) or we are used to having to subject ourselves to ads that use the data harvested from our online activities in order to sell us every thing and anything related to anything we have ever searched, or even talked about while using a device connected to the increasingly invasive interwebs.
What if there was a way to not only be able to watch high quality content without paying a subscription for it, but what if we could also entertain ourselves without having to deal with advertisements, trackers, and spyware on a daily basis?
Does it sounds too good to be true?
I know, I know... and that is exactly why I am diving deep into the Bit.Tube rabbit hole to discover just what this blockchain based cryptocurrency platform has up its sleeve.
In this video I discuss exactly how the system works, how to use the platform, why I think that platforms like this could be the future of the internet as well as why I am mining the coin, personally.
If you stay til the end of the video then I will also show you how to mine some TUBE coins for yourself and why you may not want to wait to start mining them.
Thank you very much for checking out my latest video on the Bit.Tube cryptocurrency platform, and remember, in blockchain we trust!!
Check out my new BitTube show called Coin Decrypt, where you can learn all about earning cryptocurrency and protecting your digital wealth and data.
While you're feeling froggy, check out my new ad-free cryptocurrency news blog platform.
If you are interested in more Bit.Tube coverage then consider donating Tube to support my crypto-content and the push for mass adoption:
TUBE: bs3M6TCKMQJGh625ZEAo3nLZjsBDCowaajPRCE9PCsjcQigQzK8HcHPiazuh7GcwtDU9i33DfNCAh6pFewoMD4rd2jqwcZh6w
Links in order of appearance:
Website and Podcast:
Brave Privacy Browser (BAT Wallet)
TUBE Browser Extension:
bittubeapp.com/landing.html?ref#!2JOY3WBPK
Coin Decrypt BitTube Channel: (Exclusive Streams and content)
TUBE Mining Pools:
https://miningpoolstats.stream/bittube
THIS IS NOT INVESTMENT ADVICE - USE COMMON SENSE AND PERSONAL RESPONSIBILITY WHEN PLAYING WITH YOUR MONEY
▶️ DTube
▶️ IPFS
Very nice post. I have seen BitTube a while back and I think it is good, but the problem is that its just another unique crypto and I'm sick of them. I just like things like D.Tube that work with the coins that already exist.
Another example being BAT token, I connected it to my sites and I've earned a little BAT, which automatically gets converted to ETH in my uphold account. I think Brave is awesome, but they should work within a current crypto already, Steem would have been a great choice.
ETH/ETC are definitely going to be the fuels of the internet, and BTC/BCH/ZEC are definitely going to be international monies, but Steem is likely going to become the "internet reward system" and I'd like to see that happen rather than a ton of different tokens/coins. At least, I'd like to see stuff like Brave's token be an SMT.
This is not because I'm a Steem fan, its because its just crazy to have a million different tokens for each platform. BAT, TUBEs, TRYBE and stuff are just making the crypto concept messy for newcomers. We just need a few blockchains to be the backbone of everything, and then tokens on them work, but in moderation.
I can see sidechains on ETC creating tokens that act like a credit card or something, but I'd like to see these tokens be actually tied to the base currenccy, such as ethers/bitcoins/STEEM.
Honestly, what I would like to see is something like BitTube being done using STEEM. The site could afford it, because the site can make money from ads/subscription plans such as YouTube does, by rewarding with STEEM (I don't like SBD, too many things going on, wish we'd just ditch the concept). Its logical for a big business to buy up enough STEEM for their reward system, especially with how cheap STEEM is right now. In turn, they'll profit from a very busy content platform.
I agree with you that there are too many coins and it is silly to have a coin for every single thing... we are getting to the point where we need to have a coin for our burger, a coin for our fries and a different coin for our drink.
The reason that they needed to create their own currency is because they needed to be able to adjust the block rewards because the system treats viewers like miners and content creators like miners, something that can't be done using an existing coin.
You can move to about 13 minutes in to learn about the new block rewards coming in 2019.
With BAT, yes they could have used an existing coin with a high supply like Xcash, BCN, Burst Coin, Ripple or anything like that... who knows what will survive and what will not.
Thank you so much for checking out the video and remember, in blockchain we trust!!