How Does CryptoGraffiti Work BetChain app

How Can CryptoGraffiti Work?

A guest can type their message pay some bitcoin, and after 1-10 minutes see the message decoded in the blockchain and displayed on the CryptoGraffiti site from the anonymous Bitcoiners.

Untill June 17, 2016, users were able to send text messages.  But 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 of publishing to the blockchain the process is complete, no one on the planet is able to censor, delete or rewrite the information entered by users — it is saved in the blocksfree play bitcoin casino forum bitcoin casino slots showcase it’s the first service in the Bitcoin ecosystem that implements automatic image writing to the blockchain, Bitcoin and bitcoin casino 150 free spins.com reached out to CryptoGraffiti’s creator, 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 photograph of young Angela Merkel with Hitler, published to the blockchain for permanent preservation.

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

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

Hyena: In 2014 I was studying in the Masters’ program of Software Engineering at the University of Tartu. We had a datamining course and for one of the class homeworks present the results and we had to datamine something. I believed? For instance, similarly to how Satoshi wrote”The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” at the very first block of Bitcoin’s block chain. I quickly wrote a program that hunts and monitors bitcoin TX’s from the output addresses of every trade for ASCII text. As I was hoping, I discovered all types of messages, so I made the cryptograffiti.info site that displayed those messages. It was introduced by me .

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

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

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

Hyena: I heard about the Bitcoin tech in 2011 from a friend who learned about it on reddit and told me about this”trendy new virtual currency that may be used to buy drugs online.” He was interested in that type of thing, but I recognized Bitcoin as an investment opportunity of this centurycloudbet scam 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.

As a result of Bitcoin, I understand the world economics work, how banks operate and all that.

A satirical message concerning the recent DAO troubles.

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

Hyena: Some 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 think it’s exactly the same like saying that the Internet should only be used for publishing articles and also to exchange e-mails with relatives. In my opinion, intrinsic value is given by the data storage feature of the block series to bitcoins and the community ought to be happy for this.

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

BC: Your recent post on bitcointalk.org forum states:

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

You have many such messages in the thread. Looks like the service has a huge fan-base and a potential to grow. Is it profitable to keep a simple looking but website?

Hyena: With two years of operating, people have saved more than 500 messages on the block series using cryptograffiti.info and I have received 2.1 bitcoins as donations. Considering the cost of bitcoin I can say I have never been working with a loss.

The service has a potential to become more profitable and perhaps it ought to be one day turned into a business that is traditional.

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

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

Image courtesy of Reddit, CryptoGraffiti.

Source: bitcoincasinoreview.info

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