Allowing several OP_RETURNs in a single transaction is a relay policy and likely will be a possibility in a foreseeable future. We need to talk with ABC/Unlimited and other devs.
Pure Link protocol uses regular addresses for storage, which pollutes UTXO base and requires coin-burning. Memo uses OP_RETURN, which is more efficient.
Pewdiepie88 is scammer. You guys would better spend these 10k satoshis on smth more valuable than feeding scammers.
@1DYD9 your idea to incorporate a Link protocol to handle magnet links was rather interesting. We can use it to specify the network where content is mostly seeded, e.g. Tor/i2p
If it turns out to be a working solution, the work can later be incorporated into all other memo implementations, as well as be relatively easy extended to support other media formats.
I see it as an alternative memo implementation (fully compatible) which is focused on photos: the easiest use case, and I am keen on photography. Say, an alternative to Instagram.
I believe a proof of concept can be made right away. I am going to sponsor the development of such a PoC in a month or so if things turn out well for me.
Among popular torrent clients Vuze have already adopted WebRTC and can communicate with WebTorrent clients. I think it is just a matter of time to see others on board.
Memo on top of Bitcoin Cash + WebTorrent + JoyStream would lay a framework to implement all existing social media, e.g.Twitter/Reddit/Medium/YouTube in a decentralized and self-sufficient manner
Later we would need to fuse WebTorrent with JoyStream BitTorrent implementation/extension. This will creat an incentive to keep media content and seed it for-profit.
This will rely heavily on voluntary archival nodes that will download and seed media content. Some media would be lost during this stage, which is not inherently bad: more like Snapchat effect
As first steps I see a plain WebTorrent integration into existing Memo inpmementation, so we can fetch images and other media, and even markdown files to handle blog posts with embedded media
imo, WebTorrent is the right direction to handle rich media on Memo protocol. Basically, a fusion of BitCoin and BitTorrent, that form a radically new way to do social networking.
@1DYD9Y8EomqBapvMmhhmSXv5uiSDXijhCw It’s important to be able to express negative opinion regarding one’s memo in a single click
Ok, how about counting likes as actions that include tips, and downvotes as those with zero tip?
Hong Kong 2018
Among all crypto networks and putting BCH aside, two most fascinating projects are ETH and ZEC.
Peepeth is good too (guys behind Leeroy are awesome, they pioneered idea btw), yet IMO Memo on BCH is superior. The protocol can work in a SPV environment, and that adds a lot to a concept of a decentralized network.
Bitcoin communbity will be at heart of not only the financial revolution, but of a social one as well. Memo is the next big thing in crypto. Let it grow for a year and you’ll see.
“Spend bits on tips as if you are sowing seeds”
Shouldn’t we already have some kind of “standardization” for memo improvement proposals? Who will write a MIP0001?
“The pink colour of wild flamingos is due to astaxanthin (a carotenoid) they absorb from their diet of brine shrimp. If fed a carotene-free diet they become white.”
