The Bitclout Hype Is Real — Here’s Why You Should Pay Attention To This Platform

It happened. I’m on Bitclout. Here’s my profile.

For those of you who don’t know what Bitclout is, here’s a good definition taken straight from their Wikipedia page:

BitClout is an open source cryptocurrency project and social media platform where users can buy and sell “creator coins” based on people’s reputations.

Bitclout is brand new. If it were a baby, it’d still be screaming. The soft launch happened in March of 2021, and within weeks users were investing millions of dollars per day on the platform.

How I Went From $400 Market Cap To $4,000 In A Matter Of Hours

I started being active a few days ago. I bought about $100 worth of my own coin when it was still $10 per, and within hours I had people buying up hundreds of dollars worth of my coin, too.

It was ridiculous.

My market capitalization skyrocketed from about $400 to over $4,000 in a matter of hours.

One of my followers on Twitter noticed that I was on Bitclout completely on a whim, and I lowered my Founder Reward from 75% to 10% to allow them to get a size-able investment in my coin.

He invested about $99 from what I remember, and his investment has already tripled. Here’s the list of people that are currently invested in my coin, along with how much their investment is worth now.

I spent literally $100 of my own money buying up my own coins. Now that original investment is worth close to $2,000.

It’s important to explain to you what a “Founder Reward” means. When someone buys your coin, you get a portion of their purchase in $Clout (the native token of the platform). If someone buys $1,000 worth of my coin, and I have a 10% Founder Reward, then I get $100 of $Clout.

I had a bunch of people buying my coin yesterday and with the newfound $Clout that I received thanks to my Founder Reward, I bought up more of my own coin.

It’s just the craziest thing.

My coin spiked in price so much that I actually started trending in the top 15 daily gainers on the platform next to Miley Cyrus and Carole Baskin.

Like, fuck.

All of this seems like a whirlwind, right? It seems a little too good to be true. Like, who in the hell is buying my token? I can’t even buy a $30 shirt without thinking about it for 5 minutes. Who’s dropping $1,000 on my coin on a whim?

I know, the first knee-jerk reaction is to say “IT’S A SCAM, TOM, STAY AWAY, ARE YOU STUPID?”

This video was made three months ago by Coffeezilla. Give it a listen if you want.

Most people (including me) were originally worried about one of two things..

1. Liquidity used to be a problem. But not anymore. Now you can exchange $Clout (the platform’s native token) for fiat currency on blockchain.com, which is a major crypto exchange.

2. The project’s code used to be a secret. Now it’s fully open-source, and hundreds of third-party devs are building an entire ecosystem of apps and projects on top of the platform.​

Here’s a video someone made after withdraws were made possible on Bitclout that should help you understand things a bit better.

The biggest problem most people had with Bitclout is that you weren’t able to withdraw your money for the first few months. Now that’s not a problem anymore.

Why Bitclout Could Be The Best Social Media Platform Ever Created

For now, Bitclout resembles Twitter, but there are many developers building different versions of Bitclout as we speak. One person in particular is making a publishing platform that could resemble Medium one day.

As you also know, I LOVE cryptocurrencies and blockchains. I think this technology is the future. This book, although boring as hell, will convince you that blockchains could revolutionize almost everything, like banking, politics, business, healthcare, and many other apps we use every day like Uber and Airbnb.

Here’s something very important that CEO of blockchain.com, Peter Smith, had to say about Bitclout:

“Today, a post submitted to a traditional social media platform belongs to a corporation, rather than the creator who posted it. In contrast, BitClout is a fully open source, decentralized project with no company behind it — it’s just coins and code.”​

My only question to you is.. does any of that sound familiar?​

“A post submitted to a traditional social media platform belongs to a corporation.”

Bitclout is different. It’s owned by nobody. The users and developers get to make the decisions. WE get to decide whether an algorithm is broken and how to fix it.

I’ve heard so much complaining about Medium’s algorithm recently. Isn’t it annoying?

Fixing a broken algorithm on Bitclout, I guess, would be as easy as changing some code. Since it’s a decentralized project, it’s in everybody’s best interest to create an algorithm that most people like.

Money goes out the door when creators get fed up with bad algorithms and leave. For the developers and users to keep their investment secure, it’s in their best interest to create an algorithm that works for everybody.

In the case of Medium, nobody is in control of the algorithm. Medium holds all the chips. They are the judge, jury, and executioner.

The biggest problem with modern social media is that the businesses behind them sell out to advertisers, change algorithms, and slowly choke the organic reach of their users over time.

It’s wildly exciting to me to think of a social media platform that’s fully decentralized and gives power back to the users.

Isn’t that annoying? Don’t you want to do something about it? Don’t you want something better? Don’t you want to have more control and be part of a community where you actually hold power?

I do. Maybe you don’t, and you want to keep screaming that this is a scam, but I’m choosing to believe in this project.

Given what I know about blockchains and Bitclout so far, it seems pretty damn legit to me.

I’d love it if you followed me there. No need to invest in my coin, although you definitely can if you want to. It’s probably at one of the lowest prices it will ever be.

I’d also love it if you created your own profile and started to peek around in there and see what’s up.

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