How Does CryptoGraffiti Work BetChain app

How Can CryptoGraffiti Work?

A guest can type their message into the text area, pay some bitcoin, and after 1-10 minutes see the message decoded in the blockchain and displayed on the CryptoGraffiti site, together with other messages from the Bitcoiners.

Untill June 17, 2016, users were only able to send text messages.  But now it’s likely to have JPG images written to the blockchain alongside text messages.

The images can be up to 50KB in size. And, when the process of publishing to the blockchain is finished, no one on the planet is able to censor, delete or rewrite the data it’s stored in the blocksbest bitcoin casino deposit bonuses best bitcoin live casino online with manual flushing it’s the first service in the Bitcoin ecosystem which implements automated image writing to the blockchain, Bitcoin and bitcoin casino 150 free spins.com achieved to CryptoGraffiti’s founder, Erich Erstu (nickname Hyena), to ask him a few questions about his vision of the task and its potential outcomes for the Bitcoin community.

Bitcoin.com (BC): What do you do for living?

A photo of young Angela Merkel with Hitler, printed to the blockchain for permanent preservation.

Hyena: I’m working as a software developer in the capital of Estonia.

BC: How did you come to opening such a cool website as cryptograffiti.info?

Hyena: In 2014 I was studying in the Masters’ program of Software Engineering at the University of Tartu. We had a course and for one of the course homeworks we needed to datamine something from the world that is real and present the results in front of the class. I thought? By way of example, similarly to the way Satoshi wrote”The Times 03/Jan/2009 Chancellor on verge of second bailout for banks” in the very first block of Bitcoin’s block series. I immediately wrote a program that monitors bitcoin TX’s and hunts for ASCII text in the output addresses of every transaction. As I was expecting, I found all types of messages, so I made the cryptograffiti.info site that displayed those messages. It was introduced by me as a consequence of my homework.

BC: Impressive. What services do you plan to implement in future?

Hyena: I intend to implement Proof-of-Existence support as an additional tool for cryptograffiti which allows secure timestamping of documents for notary purposes. Also, In the future I want to develop some interesting provably game that’s played on bitcoins.

BC: How did you first learn about the Bitcoin technology?

Hyena: I heard about the Bitcoin tech in 2011 from a friend who heard about it on reddit and told me about this”trendy new digital currency which can be used to purchase drugs online.” Apparently, he was interested in that sort of thing, but I realized Bitcoinoshi bitcoin casino Was it scary or entertaining to learn about Bitcoin in the first time?

Hyena: It was definitely fun to learn about bitcoin since it was my gateway to the secrets of the financial world.

Thanks to Bitcoin, I now know the world economics work, how banks operate and all that.

A satirical message about the recent DAO troubles.

BC: What do you think about the ecosystem niche for services like yours?

Hyena: Many people argue that services like cryptograffiti.info cause block chain bloat and are thus immoral. They say that the block chain shouldn’t be used for this.

I believe it’s exactly the same like saying that the Internet should be used for publishing articles and to exchange e-mails with relatives. In my opinion, the block chain’s immutable data storage aspect gives value to bitcoins and the community should be happy for it.

Bitcoin is not merely the magic Internet money but in addition, it provides a platform for censor free communicating and trustless services.

BC: Your recent article on bitcointalk.org forum says:

“I am happy to announce that I have just received a donation of 0.1 bitcoins from en.hotmine.io Smart Heating. It prompted me to implement the picture storing functionality. Also, thanks go to the bitcointalk consumer xumuku who also donated me bitcoins quite a while ago so that I would implement image storing”.

You have many such messages from the thread. Looks like the service has a real potential and a to grow. Is it profitable to keep a simple looking but very strong site?

Hyena: With two decades of operating, people have saved more than 500 messages on the block series using cryptograffiti.info and I have obtained 2.1 bitcoins as gifts. Thinking about the current price of bitcoin I will say I have not been operating with a loss.

The agency has a potential to become more profitable and perhaps it should be turned into a organization.

I am yet to be approached by investors or people . Until that, I am just happy to have developed a service that we find useful.

Thank you, Erich Erstu, for providing this functionality to the community and answering our questions. We wish you the best of luck with your project.

Picture courtesy of Reddit, CryptoGraffiti.

Source: bitcoincasinoreview.net