What are the implications of posting to a public blockchain?

  • Immutability: Memo actions (post, like, follow, tip) are public and visible to anyone. This is similar to some other social media, but there is a critical difference: there are no delete or edit functions because blockchain data is immutable. We assume that in the future there will be a need to give more options on the Memo website about user intent, but the fact would remain that any action is permanently written to the blockchain and exists there for anyone to read. Keep this in mind while using Memo!
  • Portability: Your Memo account is controlled with a Bitcoin SV address. You can use the same address with any application implementing Memo protocol or with a Bitcoin SV wallet. This means you are in complete control of the actions and data associated with the address.

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