Adrian Barwicki, the creator of the Panda Suite software development kit for bitcoin Cash (BCH), revealed on Nov. 18 that he has been working on a “Medium-like” social media platform built around the BCH network. On Nov. 22, Barwicki announced the activation of his project, Honest Cash, which allows 100 accounts the ability to experiment with the beta platform.
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BCH Platform Honest Cash Aims to Fill a Void
In October, news.bitcoin.com on winning the first BCH Devcon grand prize in Amsterdam with the Panda Suite SDK. Now Barwicki is deep in the midst of creating a social media project that is similar to popular blogging platform Medium. The platform allows users to create a profile and then post written content. The application also gives users the ability to earn bitcoin cash if people appreciate the shared content and tip the user/writer. The Honest Cash Manifesto states that the application will be uncensorable, community-driven, privacy-centric and always . After the on Nov. 15, a few BCH blogging platforms like Matter and Yours.org decided to follow the BSV roadmap. This inspired Barwicki and his teammates to build the Honest Cash project specifically for the BCH community.
The Honest Cash content feed
After gaining access to the early activation period of Honest Cash, news.bitcoin.com took a tour of the platform before the developers allow the general public the ability to join. The user interface is fairly simple and gives each user a profile, which can be tethered to a public BCH address for tips. A few people, including the developers, have been adding test posts and there’s also a (FAQ) section for people who need help getting started. The platform’s profile section shows a username and a place where users can add a public bitcoin cash address. If you have posted anything on the Honest Cash platform, these posts will show up on your profile feed as well.
Honest Cash gives users the ability to format posts and add links to the content as well.
Anti-Censorship and Pro Peer-to-Peer Cash
Next to the profile section, there is a little pencil icon that allows users to post content on the site. This particular section allows you to write a title and the body of any type of written post you desire. For testing purposes, news.bitcoin.com uploaded a paragraph from Eric Hughes’ timeless piece, “.”
News.bitcoin.com added a paragraph from “A Cypherpunk’s Manifesto,” written by Eric Hughes in 1993.
The application allows for various types of formatting techniques like adding boldface letters and headers to the written content. Honest Cash writers can simply highlight any of the words and a format menu window appears. Users can also add links inside posts and add tags to the content as well. At the moment the platform does not allow pictures, but Barwicki has informed news.bitcoin.com that this particular feature will be added in the future.
Barwicki also explained why he decided to build the Honest Cash social media application:
“We had seen during the hard fork that content was censored by other platforms that did not align with their agenda — The content was removed and people were banned,” Barwicki emphasized. “This led us to start Honest Cash and our goal is to create a permissionless platform for authors to share their viewpoints without the risk of being censored.”
The Honest Cash team has also been listening to feedback and observing the first activation period for any issues. The project’s developers believe peer-to-peer cash payments are the missing link in the world of social media and users should be able to earn money directly from the people who support them.
What do you think about the Honest Cash application? Let us know in the comments section below.
Images via Shutterstock, Honest Cash, and Pixabay.
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Despite the latest price drop, bitcoin’s second-layer scalability solution – Lightning Network – continue to make substantial progress. Last week itself, CoinSpeaker that Lightning Network Capacity making a new all-time high at 123 BTC. Well, since then, the network has exploded by nearly 300% and has crossed over 400 BTC in just ten days.
According to the website 1ML, the bitcoin Lightning Network capacity is 442 BTC, at the press time. It means that it can hold nearly $2 million worth of BTC in payment channels. At the same time, the number of channels has shot up at 12,330 during the press time. On the contrary, the node count is up by 8% in the last ten days.
Lightning Network – A Game Changer for bitcoin Scalability
Ever since the launch on bitcoin blockchain this March 2018, the Lightning Network journey has remained phenomenal and pathbreaking. Lightning Network is a second-layer blockchain network, deployed on the bitcoin mainnet. This scalability solution aims to ease off the pressure from the bitcoin blockchain. With Lightning Network, transactions happen off-chain and added to the bitcoin network later.
The Lightning Network basically performs all the micropayments while helping to keep the transaction fee lower. Lightning is often touted as a method to bring bitcoin usage to everyday transactions. There have been several small-scale experiments with the use of Lightning Network. Like for e.g. programmer Laszlo Hanyecz his pizza while paying in BTC using the Lightning network. Also, there was an experiment with mocked-up which saw the BTC payment through Lightning Network.
Lightning Network-Powered Yalls Blog
Talking to , Lightning Labs developer Alex Bosworth shares some interesting insights about the Lightning-powered Yalls blog developed by him. Over the last seven months, Bosworth notes that blog participants have processed nearly 20,000 invoices with the . Reading a Yalls blog costs one cent while leaving a comment costs 0.5 cents. On the other hand, reacting to a post with emoji costs 10 cents while publishing a new article is absolutely free.
“One nice thing about micropayments is that it brings back anonymity to the web,” says Bosworth. “I’m really a fan of the idea that your identity doesn’t have to be tied to a username and password.”
Bosworth also notes that Yall’s Lightning node-and-channels system helps readers to tap into its blog without the need of a traditional subscription. While that several online platforms are finding it difficult these days to deal with fake presence, the payment linked reading & commenting on Yalls blog helps to counter it to some extent. Bosworth says that “The micropayments help there, because then you don’t have robots or spam.”
Even though with this model, Yalls blog has registered an increased activity. “In the beginning of the site there were problems keeping the node online. If the node died, you couldn’t read any articles or do anything on the site. I had to really babysit the node,” Bosworth said. “Over time, that feedback made its way back to LND [Lightning Network Daemon] and now the node is pretty stable.”
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The AWS re:Invent conference is coming to Las Vegas the week of November 26–30, and Coinbase is representing! Our incredible Product and Engineering team members will be speaking about site reliability, scaling our blockchain infrastructure, teaching about cryptocurrencies, and co-hosting a Happy Hour with our AWS friends. Come and join us!
is the annual Amazon Web Services (AWS) learning conference in Las Vegas that attracts developers, system administrators, architects, and technical decision makers from all over the cloud computing world. Last year, they had an estimated attendance of 43,000 and succeeded in taking over most of the famous Las Vegas Strip. This year, re:Invent is to set new records, and the team is proud to be contributing to the learning aspect of the conference, as well as facilitating some after-hours mingling time with our fellow attendees.
Coinbase has a special relationship with Amazon on a few levels. First, , from storage, databases, analytics, you name it. Second, our VP of Engineering, , , where he was the General Manager of AWS Lambda and a pioneer of serverless computing. We are incredibly lucky to have him lead and grow our . Third, we are on a and with that, bring the of blockchain and digital currencies to the masses.
We’ll be somewhere along this strip of road, otherwise known as the re:Invent Campus for the week of 11/26 — 11/30. Photo by on
Back when Web 1.0 was just taking off, there were folks who were still , and Amazon was there to pave the way. I was consulting at a hot young start-up called , developing new, innovative consumer-focused features: integrating product search into web search results and building streaming music samples into product pages. This was before people were sure that buying things over a distributed network wasn’t just a passing fad. A marketing exec walked to my desk, slapped some papers down, and said, “I want you to make it look exactly like this!” He had printed out several pages from a site called . Wow. It was forward-thinking and visionary for its time. Amazon really believed in that promise. The art of up-selling and cross-selling on the web, in a brick and mortar shop, and “ease of use” came from companies like Amazon. They were dead serious about this “buying stuff over a network” thing! Later on, Amazon took it to whole new level with , by commoditizing compute power and enabling companies to focus on their core businesses. There are but a few companies from Web 1.0 that weathered the booms and busts and have gone on to reinforce the foundations on which Web 1.0 and 2.0 are built.
Coinbase will be the one that weathers the booms and busts of . We believe, just like Amazon believed. As a company that has grown from this past year, we are in it for the long haul. Our engineers and product managers are excited about sharing stories from the trenches, our lessons learned, and talking shop about blockchain, crypto, and decentralized applications with fellow technologists who want to come along for the ride.
Coinbase is representing at the Startup Central Stage at The Aria Resort and Casino. Come join us for hor d’oeurves, hosted bar, and great conversation at the Crypto Happy Hour on Wednesday 11/28 @ 5 pm. Photo: Courtesy of AWSConference Events
If you are attending the conference, or watching from the comfort of your home or office over , please tune in for the by our talented colleagues:
, Engineering Manager of the Coinbase Site Reliability Engineering team, will be co-presenting with on building processes and adopting practices that helped scale our SRE group during hyper growth. Tuesday 11/27, 11:30 am — 12:30 pm, Aria West, Level 3, Juniper 1, Technical Lead on the Coinbase Infrastructure team, will be recording a video with the team on how Coinbase uses Step Functions to coordinate serverless workflows. Tuesday 11/27, 1:45 pm — 2:45 pm, Expo, Scamall Theater, Product Manager of the Coinbase Cryptocurrency Payments team, and , the team’s Technical Lead, will be holding a Cryptocurrency 101 & 201 breakout session to discuss the evolution of blockchain, its impact on our day-to-day lives, a deep dive into the inner workings of the tech, and what’s on the horizon. Wednesday 11/28, 4–5 pm, will be hosted at The Aria, right after our Crypto 101 & 201 session and is sponsored by AWS, Coinbase Engineering, and Coinbase Recruiting. Please come join us for hor d’oeuvres and a fully hosted bar! Wednesday 11/28, 5–6 pm at Startup Central @ The Aria, Senior Software Engineer from the team, will be sharing how Coinbase builds out its blockchain infrastructure in a way that allows other teams to use blockchain nodes as a service. Thursday 11/29, 11 — noon, Startup Central @ The Aria
We look forward to seeing you at re:Invent! For the latest news and updates, follow us on Twitter , or like us on . Interested in learning more about opportunities at Coinbase? Check out our . We saved a seat for you!
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