Viewing a response to: @knircky/what-is-bittube
I think this link gives a pretty thorough description: https://coinsutra.com/bit-tube-tube-cryptocurrency/ Essentially, it works a lot like DTube (uses IPFS, etc.) but instead of using steem, as you watch someone else's video, you are also mining the crypto that will be used to pay them.
| post_id | 62,462,828 |
|---|---|
| author | darth-azrael |
| permlink | re-knircky-what-is-bittube-20180914t195429503z |
| category | bit |
| json_metadata | {"links":["https:\/\/coinsutra.com\/bit-tube-tube-cryptocurrency\/"],"tags":["bit"],"app":"steemit\/0.1"} |
| created | 2018-09-14 19:55:27 |
| last_update | 2018-09-14 19:55:27 |
| depth | 1 |
| children | 5 |
| net_rshares | 1,922,078,190,902 |
| last_payout | 2018-09-21 19:55:27 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 1.616 SBD |
| curator_payout_value | 0.537 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 289 |
| author_reputation | 40,323,252,521,113 |
| root_title | "What is bit.tube?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| knircky | 0 | 1,909,707,686,632 | 100% | ||
| darth-azrael | 0 | 12,370,504,270 | 25% |
I dont understand how the token can have value? How is value created just by printig token and giving it to people ? Where is demand or utility comig from?
| post_id | 62,467,621 |
|---|---|
| author | knircky |
| permlink | re-darth-azrael-re-knircky-what-is-bittube-20180914t213400198z |
| category | bit |
| json_metadata | {"tags":["bit"],"app":"steemit\/0.1"} |
| created | 2018-09-14 21:34:00 |
| last_update | 2018-09-14 21:34:00 |
| depth | 2 |
| children | 4 |
| net_rshares | 184,525,847,900 |
| last_payout | 2018-09-21 21:34:00 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.155 SBD |
| curator_payout_value | 0.051 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 156 |
| author_reputation | 217,103,420,888,695 |
| root_title | "What is bit.tube?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| solenn | 0 | 184,525,847,900 | 100% |
The crypto is mined (proof of work). It has the same utility as any other crypto in terms of using it as a store of value and as a currency. Ultimately the value will be determined based on adoption and how popular it is. I think the unique thing about this crypto is that part of the mining is done by users watching the videos and this is used as rewards. Otherwise it is like any other proof of work cryptocurrency (e.g. bitcoin). I think that a decentralized video platform as feature rich as youtube and that works well could be very successful. And if there is a crypto associated with it (like this one) then it could become very popular as well. In my opinion, DTube and DLive simply don't work as well as youtube or have as many features but they have the opportunity to mature as time goes on. I haven't tried bit.tube yet to know how it compares.
| post_id | 62,469,519 |
|---|---|
| author | darth-azrael |
| permlink | re-knircky-re-darth-azrael-re-knircky-what-is-bittube-20180914t221048520z |
| category | bit |
| json_metadata | {"app":"steemit\/0.1","tags":["bit"]} |
| created | 2018-09-14 22:11:48 |
| last_update | 2018-09-14 22:17:48 |
| depth | 3 |
| children | 3 |
| net_rshares | 0 |
| last_payout | 2018-09-21 22:11:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 858 |
| author_reputation | 40,323,252,521,113 |
| root_title | "What is bit.tube?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
Whats the inflation? My issue is i only see that supply is being created, but i dont see how demand is generated. Why would i need these coins?
| post_id | 62,469,666 |
|---|---|
| author | knircky |
| permlink | re-darth-azrael-re-knircky-re-darth-azrael-re-knircky-what-is-bittube-20180914t221455507z |
| category | bit |
| json_metadata | {"app":"steemit\/0.1","tags":["bit"]} |
| created | 2018-09-14 22:14:54 |
| last_update | 2018-09-14 22:14:54 |
| depth | 4 |
| children | 2 |
| net_rshares | 226,668,657,462 |
| last_payout | 2018-09-21 22:14:54 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.192 SBD |
| curator_payout_value | 0.062 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 145 |
| author_reputation | 217,103,420,888,695 |
| root_title | "What is bit.tube?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| solenn | 0 | 169,898,798,981 | 100% | ||
| machnbirdsparo | 0 | 56,769,858,481 | 100% |