Read on Twitter
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"What is BitClout bruh?"
BitClout is a new type of social network that lets you speculate on people and posts with real money, and it’s built from the ground up as its own custom blockchain.
"What is BitClout bruh?"
BitClout is a new type of social network that lets you speculate on people and posts with real money, and it’s built from the ground up as its own custom blockchain.
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BitClout is a fully open sourced project like bitcoin and there is no company behind it.
BitClout is a fully open sourced project like bitcoin and there is no company behind it.
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"Gotch! But what the heck is creator& #39;s coin?"
Every profile on the platform will get it& #39;s own coin. Which people can buy and sell.
"Oh so it& #39;s like I get my own coin. Umm...... seems interesting tell me more."
"Gotch! But what the heck is creator& #39;s coin?"
Every profile on the platform will get it& #39;s own coin. Which people can buy and sell.
"Oh so it& #39;s like I get my own coin. Umm...... seems interesting tell me more."
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Creator coins are assests tied to a reputation of individual and not a company or cooperation.
They are truly the first tool we have as a society to trade “social clout” as an asset.
Creator coins are assests tied to a reputation of individual and not a company or cooperation.
They are truly the first tool we have as a society to trade “social clout” as an asset.
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For Example,
The price of coin goes up as people start buying it. So if a person like @elonmusk who is already famous..... when masses of people start buying his coin it& #39;s price will increase so the early you buy, the more profit you make.
For Example,
The price of coin goes up as people start buying it. So if a person like @elonmusk who is already famous..... when masses of people start buying his coin it& #39;s price will increase so the early you buy, the more profit you make.
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"Wow! So people will invest in me for my value. But see if I invest in other people how is that going to be useful to me? I know I will get profit and all but what are other benefits of it?"
"Wow! So people will invest in me for my value. But see if I invest in other people how is that going to be useful to me? I know I will get profit and all but what are other benefits of it?"
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So there are some awesome opportunities people are trying to integrate in future like
(A) The stakeholder meeting : So Basically it is like only a few people who have certain amount of creater& #39;s coin can participate in the creators.......
So there are some awesome opportunities people are trying to integrate in future like
(A) The stakeholder meeting : So Basically it is like only a few people who have certain amount of creater& #39;s coin can participate in the creators.......
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comment section or interact with their content. So this will reduce a lot of spam and even increase creators coin price.
(B) A new way to prioritize messages : Yeah you heard it right! If you are a big creator you will get a lot of spam DMs. But with bitclout you can set.....
comment section or interact with their content. So this will reduce a lot of spam and even increase creators coin price.
(B) A new way to prioritize messages : Yeah you heard it right! If you are a big creator you will get a lot of spam DMs. But with bitclout you can set.....
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threshholds for people. Only those people will be able to DM you who own certain amount of your coin. All of this would increase the demand for your coin.
(C)Sponsored posts : There will be a inbox where you can bid a creator to repost aka retweet your post.....
threshholds for people. Only those people will be able to DM you who own certain amount of your coin. All of this would increase the demand for your coin.
(C)Sponsored posts : There will be a inbox where you can bid a creator to repost aka retweet your post.....
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If they retweet it then they keep your money. The bids can all be made using the creator’s own coin, thus significantly increasing the demand for the coin.
(D) Premium content : People with certain amount of creators coin will be able to access special content or.......
If they retweet it then they keep your money. The bids can all be made using the creator’s own coin, thus significantly increasing the demand for the coin.
(D) Premium content : People with certain amount of creators coin will be able to access special content or.......
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even a monthly subscription.
(E) Distributions and engagement : Read this one below it is explained quite good.
even a monthly subscription.
(E) Distributions and engagement : Read this one below it is explained quite good.
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(F) Money likes : It& #39;s basically you have to pay for likes. When you like a creators content you buy certain amount of their coin. This can filter high quality content.
"Woah !!! Looks like Creators economy is coming. Seems Amazing. Tell me more!!!!!!"
(F) Money likes : It& #39;s basically you have to pay for likes. When you like a creators content you buy certain amount of their coin. This can filter high quality content.
"Woah !!! Looks like Creators economy is coming. Seems Amazing. Tell me more!!!!!!"
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Okay. So see when you retweet a person& #39;s tweet and they become famous they won& #39;t even know you after they become superstar. But in bitclout you can buy someone’s coin and then retweet them.......
Okay. So see when you retweet a person& #39;s tweet and they become famous they won& #39;t even know you after they become superstar. But in bitclout you can buy someone’s coin and then retweet them.......
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which makes it so that you’re not only along for the ride financially if they blow up, but you
also get bragging rights.
"Ahh !! I want those bragging rights......I have ofc retweeted many people seems a fair deal to me.
What about creator coins are those unlimited?"
which makes it so that you’re not only along for the ride financially if they blow up, but you
also get bragging rights.
"Ahh !! I want those bragging rights......I have ofc retweeted many people seems a fair deal to me.
What about creator coins are those unlimited?"
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Nope. Creator coins are naturally scare generally 100 to 1500 coins in each profile.
When you create a profile there are 0 coins in existance and there value is zero as well.
At starting it will happily mint them out of thin air but as demand increases they price....
Nope. Creator coins are naturally scare generally 100 to 1500 coins in each profile.
When you create a profile there are 0 coins in existance and there value is zero as well.
At starting it will happily mint them out of thin air but as demand increases they price....
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will go higher. As you buy the coins the money gets locked into the profile. You can buy and sell them whenever you wish.
This graph below shows how increase in circulation of coins will have a effect on coin price.
will go higher. As you buy the coins the money gets locked into the profile. You can buy and sell them whenever you wish.
This graph below shows how increase in circulation of coins will have a effect on coin price.
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" ohh That& #39;s great! What happens when a person buys my coin? like what is it& #39;s benefit to me?"
Don& #39;t worry you will get a founder& #39;s reward.
" ohh That& #39;s great! What happens when a person buys my coin? like what is it& #39;s benefit to me?"
Don& #39;t worry you will get a founder& #39;s reward.
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"Okay. Is bitclout like bitcoin? decentralized?"
Yeah it is Decentralized. Anyone on the internet can run a BitClout “node” that serves the BitClout
content, and every node on the network stores a full copy of all the data...
"Okay. Is bitclout like bitcoin? decentralized?"
Yeah it is Decentralized. Anyone on the internet can run a BitClout “node” that serves the BitClout
content, and every node on the network stores a full copy of all the data...
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You anywhere can easily transfer your "clout" i.e your followers, posts, creator coins etc. like you transfer bitcoin from one wallet to another.
& #39;In some sense, BitClout is decentralizing social media in much the same way as Bitcoin is decentralizing the financial system.& #39;
You anywhere can easily transfer your "clout" i.e your followers, posts, creator coins etc. like you transfer bitcoin from one wallet to another.
& #39;In some sense, BitClout is decentralizing social media in much the same way as Bitcoin is decentralizing the financial system.& #39;
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The developers had pre-loaded profiles for the top 15,000 influencers from Twitter, and users are already able to buy and sell their coins.
However, these profiles, if unclaimed, are “reserved” and are marked with a clock symbol next to their names.
The developers had pre-loaded profiles for the top 15,000 influencers from Twitter, and users are already able to buy and sell their coins.
However, these profiles, if unclaimed, are “reserved” and are marked with a clock symbol next to their names.
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Resources :
https://bitclout.com/one_pager.pdf ">https://bitclout.com/one_pager... https://cryptopotato.com/what-is-bitclout/">https://cryptopotato.com/what-is-b...
Resources :
https://bitclout.com/one_pager.pdf ">https://bitclout.com/one_pager... https://cryptopotato.com/what-is-bitclout/">https://cryptopotato.com/what-is-b...
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What are your views on Bitclout?
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What are your views on Bitclout?
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