@Pantera
edited
Memo.Cash: Decentralized Social Media On Bitcoin Cash
With today's social media, we are not in control of our accounts and data. Admins can permanently ban any account at their own discretion or due to external influences such as political pressure. Every account can get de-platformed. What we need is a decentralized, censorship-resistant alternative that minimizes the need or possibility of centralized interventions. We have to regain ownership of our online data. **Memo.cash** introduced us in 2018 to a decentralized social media platform operating on Bitcoin Cash. https://memo.cash/ For more than five years, **Memo** has been utilizing the Bitcoin Cash network to provide a fast, secure, and cost-effective alternative to corporate social media.
The Memo Platform
Memo was created by Jason Chavannes and launched in April 2018 for desktop browsers, and in 2019 the Android version was released. https://memo.cash/profile/1QCBiyfwdjXDsHghBEr5U2KxUpM2BmmJVt Every action on **memo.cash** is permanently recorded in the Bitcoin Cash blockchain.
Signing up to memo.cash only requires a username and password. We also get the option to create a new Bitcoin Cash wallet or import an existing one.
Upon landing on the platform, we immediately encounter a plethora of options. We don't need to hold BCH in our account to use the platform. We can transmit our messages through the blockchain, and the platform will cover any posting cost. At the settings, we have the option to connect an email and our Twitter account. With Memo, users can expect a smooth and enjoyable experience. **SLP Protocol (Simple Ledger Protocol)** The SLP Protocol was the first attempt to include tokenization with FTs and NFTs on Bitcoin Cash. Unlike the recent CashTokens upgrade, SLP is a separate protocol running on top of Bitcoin Cash which currently we can consider outdated. Memo allows creating, trading, and transacting with SLP tokens in the platform. However, we also have to mention that Bitcoin Cash is currently focused on Cashtokens, an upgrade that enhances UTXO-based smart contracts and allows on-chain miner-validated tokenization, DeFi, and various other decentralized economic activities. Memo did not support CashTokens, but perhaps we shouldn't rule out any changes in the future, as CashTokens can become a beacon that will attract high volumes and investors in Bitcoin Cash. https://github.com/cashtokens/cashtokens/blob/master/stakeholders.md **Earn BCH** A new Memo account can immediately start posting and receiving Bitcoin Cash tips from other members.
Posting high-quality content can significantly increase the likelihood of receiving a generous tip. We can post anything we like, a video, an image, a quote, or a poll. **Adding Videos And Images To Our Posts** We can embed videos from YouTube by copying and pasting the link to a new Memo post. Memo members can also include images in posts, but we have to upload our image on Imgur first, and then copy and paste the link to Memo. Memo will embed the image and display it on the post.
In Conclusion
Developments like Memo require a significant amount of attention and consideration. Memo does not contain (yet) the fancy modern design of mainstream modern media, but it showcases the development possibilities of blockchain projects. The platform presents censorship-resistant blockchain social media utilizing Bitcoin Cash, providing absolute control to the user. Definitely, there is a reasonable use case to have such options available, and blockchains like Bitcoin Cash, with instant transactions and low fees, make it possible.
*Cover Picture by* *Pixabay* *(background) with Memo logo* https://pixabay.com/photos/blank-note-paper-old-wood-314210/ Donations ***BCH:*** *tipb.ch/Pantera* https://tipb.ch/Pantera **CashTokens:** *bitcoincash:zr4nz4jv6jtf7q5tul8dy9j58u24pwawxsm0hh8hwz* ***Subscribe to my YouTube channel:*** *@panteraCrypto* https://www.youtube.com/@panteraCrypto **Platforms:** https://read.cash/@Pantera/the-two-wizards-that-broke-bitcoin-b96bf8a4#my-platforms ***●*** ***YouTube*** ***●*** *****Medium***** ***●*** *****read.cash***** ***●*** *****X***** ***●*** *****Noise***** ***●*** ***Memo*** ***●*** *****Cashrain***** https://www.youtube.com/@panteraCrypto https://medium.com/@panterabch https://read.cash/@Pantera https://twitter.com/Panterabch https://noise.app/Pantera https://memo.cash/profile/16QQohWB3U9PC9kwCNasPorwYKmZ5oNYeE https://cashrain.com/pantera ***Don’t forget to Subscribe and Like if you enjoyed this article!***
20 comments
How can we withdraw from memo cash I tried to with draw but I loosed all my satoshit
Let me guess. You tried to withdraw a small amount to an exchange.
20,000 Satoshi is it small I don't know I am beginner
Where did you try to withdraw? Your wallet or an exchange? This is what matters. 20,000 sats is a small amount, yes.
BCH wallet address
Let me do a test and try to withdraw. It could be some software issue, I'm not sure.
I send to my wallet 100,000 sats and it was instant. This is all automated , and you can verify it on the blockchain. Maybe your wallet does not properly sync. The 20,000 sats should be at your address but your wallet doesn't display for some reason. I've had some transactions appear after hours on one of the BCH wallets I use. Don't know why it wasn't displaying the amount properly. Which wallet are you using by the way?
Bitcoin.com wallet for Bch address same wallet we used for read Cash
Your money should be there, maybe you didn't notice. Try searching for your transactions on a Blockchain explorer. https://blockchair.com/
I start using Memo cash last week and it was pretty good experience to be part of Memo
a very informative article.
I have joined Memo Cash last week, but did not post anything until two days ago. I found you there earlier and followed you. Someone tipped me 10,000 satoshis for my first post. I realized then that for each like, follow, and perhaps posts and comment would cost some satoshis. Nevertheless, the platform is indeed promising.
I opened a test account and posted with 0 balance.
I had zero balance also when I made my first post.
And?
Someone tipped me 10,000 satoshis. After that all my activities cost me about 220 satoshis each, including liking and following other accounts. Now I have 5,805 satoshis left. :D.
You can still post with 0.
Yup. I will keep posting even if my satoshi goes to zero for now. At least while I'm building up my followers.
I couldn't find you on memo. Did you set your name on the platform?
I used JLTechventure.I'm planning to connect this to my upcoming channel in YT and Odysee. here is my link https://memo.cash/profile/15w18pSj5rtaJspHCksPMnvfgbhz1i8VUG