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1  Economy / Service Discussion / Re: Bitcoin the sole accepted currency on new social media website on: June 03, 2016, 12:02:10 AM
Quote from: owm123 on June 02, 2016, 10:03:07 PM
Quote from: sharris33 on June 02, 2016, 06:34:05 PM
Just saw a new startup social media site called HangBee that has a big emphasis on user privacy and is using Bitcoin as the sole currency on the site.  You can check out their Kickstarter page here: https://www.kickstarter.com/projects/918187197/hangbee-discover-the-new-way-to-connect/description

Here is a quote from their page:

"Bitcoin is a digital currency that lets you make instantaneous, untraceable purchases worldwide. "

This is not true. Bitcoin transactions are tracable, and users should be aware of this.

Even Theymos in his recent post, states that achieving anonymity with bitcoin is "very difficult" these days:

https://www.reddit.com/r/Bitcoin/comments/4ldwlu/is_basic_income_still_possible_in_a_world_where/d3mqoio


These guys clearly say they will use a mixer... Nice try though
2  Economy / Service Discussion / Re: Bitcoin the sole accepted currency on new social media website on: June 02, 2016, 08:29:32 PM
Quote from: Carlton Banks on June 02, 2016, 07:04:11 PM
It sounds rather like the website is holding all the private keys (haven't investigated the site as such, but phrases like "encrypted transactions" can only be true if said tx's are conducted offchain in a wallet owned by the site, i.e. users have no access to their own private keys). Setting up a social media platform just as a theft scam is a little over-elaborate, but perhaps it could be made to pay off over a longer scam period (or the perpetrator could just be a complete moron Tongue). User beware, you might be the one getting used.

Whoa there. I'm positive these college kids aren't doing this as a scam. I do sympathize that this project has some holes and will need to have a lot more work put into it though. I have tossed them $100 because I think want to see this get built out.
3  Economy / Service Discussion / Re: Bitcoin the sole accepted currency on new social media website on: June 02, 2016, 08:21:34 PM
Quote from: Captimiz on June 02, 2016, 07:47:19 PM
How much hype around this thing? We know it probably won't be as big as fb/twitter, but can we at least reach MySpace levels?

It looks like this it's still in it's Kickstarter phase which means that it's very early on. They have to reach $20,000 in like 30 or 60 days I believe is how it works. I tossed them $100 simply because I want to see this site get built. They hit on some incredibly important points that are simply ignored by other sites. I wish them the best of luck.
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