Noise.cash

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markyyyy

Thankful

3 years ago

Topics: Online

NEWS

Feb 11, 2021

SHARING ECONOMY

by Jamie Redman

Jan 18, 2021

Noise.cash: Social Microblogging App Fueled by Bitcoin Cash Tips Gathers Traction

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For quite some time now, bitcoin cash users have been leveraging the web portal read.cash in order to write blog posts, connect with like-minded individuals, and earn bitcoin cash for providing popular content. Now the creators of read.cash have introduced another application called noise.cash, which is similar to the parent platform, but allows people to make noise using much shorter messages.

Microblogging and Bitcoin Cash Tipping

Bitcoin cash (BCH) supporters have been recently introduced to a new platform created by the read.cash creators. News.Bitcoin.com has reported on the read.cash platform on various occasions, and it quickly became the top crypto-centric blogging forum on the web among BCH fans.

Noise.cash microblogging feed.

Since the blogging application’s inception, the team has presented a new medium called noise.cash, a Twitter-like platform that allows people to write shorter blurbs of text and share other mediums of content like pictures as well. Noise.cash can easily be described as a microblogging platform, but there are some differences because the application allows people to tip and interact with posts using BCH.

Now first and foremost, noise.cash is not like memo.cash, as it is not an immutable form of microblogging. Users do have to accept a number of rules that apply to the platform and they are similar to the read.cash terms of service (ToS). The noise.cash application allows people to interact with posts similar to the myriad of social media platforms like Facebook and Twitter by allowing the user to “like” a post.

However, unlike the social media giants, noise.cash allows the user base to tip each post with bitcoin cash (BCH) payments.

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Bitcoin Cash Pool, Devs State More Features Will Be Applied

Noise.cash users can simply tip the post by scanning a QR code tethered to each and every live post added to the feed. The application does not have a native wallet, but allows users to tether their accounts to a public bitcoin cash (BCH) address of their choice.

Users can simply tether an address to their noise.cash account from a Bitcoin.com Wallet or any wallet that provides a public BCH address.

After registering with noise.cash and accepting the ToS, users simply add a public address in the ‘wallet’ section located in the profile tab. A few users have written reviews about noise.cash on the read.cash blog since the platform was first introduced.

The read.cash blogger dubbed ‘Bitcoincash247’ writes:

Noise.cash is a social platform just like Twitter which allows its [userbase] to earn bitcoin cash from tips for making short posts. Although this awesome platform is still under upgrade, it has already been found interesting by its [userbase], as it offers a free [bitcoin cash] pool were users can tip each other for free.

In a post written on the Reddit forum r/btc one individual exclaimed that both “noise.cash and read.cash are awesome.”

“Exactly how I imagined the Internet of money would be,” the post added. “[Bitcoin Cash] has a really great future.” Another user described the app as a platform that’s “like Twitter with crypto, but still in alpha version, I think they will add more features later.”

In response to the features request, the Reddit account u/readcash said: “We need to do a lot of things. Rest assured, we’re working on them.”

The noise.cash team details that a fully functional embedded wallet will be implemented in future updates. Noise.cash also has discussion chambers with conversation topics like art, cooking, education, homeschooling, holistic living, personal finance, photography, quotes, travel, and more. Since noise.cash was first launched, the platform has attracted a number of users, as the feed continues to grow lively and filled with noise.

What do you think about the noise.cash platform introduced by the read.cash team? Let us know what you think about this subject in the comments section below.

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TAGS IN THIS STORY

BCH, BCH Community, BCH Tipping, bitcoin cash BCH, Bitcoin Cash Pool, Bitcoin Cash Tipping, Developers, Devs, Facebook, Likes, microblogging, Noise.cash, noise.cash app, QR Code, read.cash, Social Media, tipping, tips, Twitter, Wallet

Image Credits: Shutterstock, Pixabay, Wiki Commons, Noise.cash,

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ECONOMICS

by Terence Zimwara

Jan 17, 2021

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Steve Forbes Says Bitcoin's Fixed Supply Limits Its Ability to 'Meet the Needs of a Growing Economy'

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American publisher Steve Forbes has attacked bitcoin’s fixed supply saying this feature actually curbs the ability of the crypto to “meet the needs of a growing economy.” He also argues that bitcoin cannot replace the dollar because it is presently too volatile to function as money. Forbes insists that money only works best if it has a stable value.

New Respectable Investment Class

According to Forbes, cryptocurrencies can only challenge existing money if their value is tied to that of gold or the Swiss franc currency. In arguing his case against the idea that bitcoin will eventually replace the dollar, Forbes concedes, however, that the crypto is “now seen as a respectable investment class.” He adds that “financial institutions are adding it to their portfolios.”

Explaining this shift towards bitcoin, Forbes says:

People are piling in because of a lack of faith in government fiat currencies. The Federal Reserve and other central banks have crushed interest rates and are printing unimaginable amounts of money to pay for Covid relief measures and to stimulate damaged economies.

According to the publisher, some of these steps, which are inflationary, could be the possible reasons why bitcoin has now “become the darling of investors.” Furthermore, Forbes also acknowledges that some enthusiasts do see bitcoin as “the new gold” while others believe it will “eventually replace the dollar.”

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Impact of Bitcoin Volatility on Contracts

Nevertheless, the thinks this is not about to happen because of how bitcoin’s volatility can potentially affect the contract system. The publisher uses the example of a housing mortgage loan to illustrate why cryptocurrencies cannot be used in contracts which he says “are essential for an economy.” Forbes explains:

Say you took a mortgage in March for $250,000, today to you owe the bank almost $2 million.

Forbes surmises that no one in “their right mind would sign a long term contract based on bitcoin.”

Do you agree with Steve Forbes’ sentiments that bitcoin will not replace the dollar? You can tell us what you think in the comments section below.

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Bitcoin, bitcoin volatility, COVID-19, Cryptocurrencies, digital gold, fiat currencies, fixed supply, Steve Forbes, Swiss franc, U.S. Federal Reserve

Image Credits: Shutterstock, Pixabay, Wiki Commons

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