submitted by /u/georgedonnelly [link] [comments] |
source https://www.reddit.com/r/btc/comments/iqhjwq/the_bitcoincashsite_bch_marketing_flipstarter/
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I looked up the number of Bitcoin wallets on www.bitinfocharts.com and, after not accounting for wallets with less than .1 BTC (1000 USD), I realized that less than 16000 (.5%) total wallet addresses control 60% of the current Bitcoin distribution. What kind of impact could this have on Bitcoin’s price and would it mean that it’s easily manipulated? What are your thoughts on such a heavy ownership concentrated by such a small minority?
flipstarter.member.cash
Thanks to everybody who pledged to the first member.cash flipstarter attempt. It was unsuccessful so I've reduced the scope of it to see if that helps it gain more support. I'm hoping that 6 weeks will be enough to show enough improvements and traction.
I've also been advised I need to get to the point the quicker and explain why member.cash is good for BCH investors!
Every new member is automatically a Bitcoin Cash(BCH) user. Every action that's taken, from posting or liking or following uses a BCH transaction to power it. Using BCH as a currency on a social network is a great way to get users familiar with cryptocurrency as functional online cash. Crypto is an abstract concept for many and this is how to make it concrete. This is how new users start to understand that BCH is real money.
New member.cash users help to grow the BCH network effect. It helps to increase the number of transactions taking place on the BCH network. BCH blocks are typically less than 200K, that's a lot less than BTC, and BCH is supposed to be the big block network. It will inspire a lot more confidence when BCH is regularly pushing through 20MB blocks, even if those blocks are filled with low cost social media transactions. It is good for BCH to deal with as much usage as it can get. It is good for the metrics, and we get to see where the problems and bottlenecks are. It shows the network is capable of processing large numbers of transactions and it is key that BCH proves that to give confidence to new investors.
Decentralized blockchain based social media is coming and we'll all be using decentralized social media within 10 years. Everyone knows this, even Twitter. BCH investors should prefer that this happens on BCH rather than on BSV or ETH. Being an open platform gives member.cash an advantage - it can offer users freedom, while private platforms struggle to maintain their moats and control what their users can do.
MEMBER tokens will be provided for all donations. These help to keep track of the top supporters of the member.cash platform and where monetization possibilities exist in the future, top supporters will be given first consideration.