Twetch

stellarowl12 221

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stellarowl12 posted on January 09, 2020 23:08:57

I like Twetch, it's pretty self-explanatory, it's like a tokenized Twitter. Every action has a corresponding micro-payment associated it. You either have to spend a few cents to take an action - post, follow, like, etc. OR you receive a few cents if other people comment, like, or follow your content. Everyone is a publisher and can get rewarded for good content.

Best part o Click here to see more...f this approach is that it disincentivizes spam and shit-posting. Because that has a real cost to it if you want to spam like crazy and everyone just ignores your content.

My concern with this approach though is that it's very experimental on a broader scale. Not sure if you can convince millions of people to fund their account and have to think that hard before they take actions. Sometimes you just want a more mindless platform, right? So on an economics/psychological perspective, I still have to wait and see if anyone besides BSV whales will adopt this platform on a larger scale. Fingers crossed for it to succeed though!

kurtwuckertjr 68

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kurtwuckertjr posted on December 30, 2019 14:07:24

Twetch is the premier social media app built on the BSV blockchain. All of the data and executions within the interface are powered by transactions within a sort of virtual computer running on top of bitcoin, so there is no central point of failure. The interface allows for permanence and time-stamping of tweets, or it can be used stand-alone within its own ecosystem.

Many Twetcher Click here to see more...s just simply interact exclusively on the platform.

Aside from creating censorship resistance, there is also monetization of your thoughts! If you can create value with the information that you share, as a user, Twetch can also be extremely profitable as interactions equate to automatic "tips" in BSV. It is $0.02 to post, and then profits from your post are your's to keep!

The added benefit is that interactions have a much higher signal-to-noise ratio as trolls need to pay in order to engage.

As an aside, the platform isn't perfect, as it is still in beta, but updates roll out on at least a weekly basis, and the founders and developers are very responsive to feedback - adding requested features regularly. It should also be noted that Twetch was originally dreamed up as an Ethereum project, but testing showed that the throughput of Ethereum was far to low to support their necessary transaction volume, which is why they switched over to Bitcoin SV.