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How Does CryptoGraffiti Work BetChain app

How Does CryptoGraffiti Work?

A visitor pay some bitcoin can type their message into the text field, and after 1-10 minutes see the message decoded in the blockchain and exhibited on the CryptoGraffiti site, along with messages from the Bitcoiners.

June 17, 2016, untill, users were able to send text messages.  But now it is possible to have JPG images written to the blockchain alongside text messages.

The pictures can be up to 50KB in size. And, when the process of publishing to the blockchain is complete, no one on the planet is able to censor, delete or rewrite the information entered by users — it is stored in the blocks indefinitelyEthereum Sweepstakes casino 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 creator, Erich Erstu (nickname Hyena), to ask him a few questions about his vision of the job and its possible 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 website as cryptograffiti.info?

Hyena: In 2014 I had been studying in the Masters’ program of Software Engineering in the University of Tartu. We had a datamining class and for one of the course homeworks present the results and we needed to datamine something from the world. I believed that, what if people have stored messages in the Bitcoin block chain? For instance, 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 wrote a program that monitors all bitcoin TX’s and searches for ASCII text in the output addresses of each trade. As I was expecting, I found all kinds of messages, so I made the cryptograffiti.info website that displayed those messages. It was presented by me as a consequence of my homework.

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

Hyena: I intend to employ Proof-of-Existence service as an added tool for cryptograffiti that allows secure timestamping of files for notary purposes. Also, In the future I’d like to develop some fun provably fair game that’s played on bitcoins.

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

Hyena: I learned about the Bitcoin tech in 2011 from a friend who heard about it on reddit and told me about this”trendy new digital currency that may be used to purchase drugs online.” Apparently, he had been interested in that type of thing, but I immediately realized Bitcoin888 casino – cuemanchrome848 dice bitcoin casino review 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 into the secrets of the financial world.

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

A satirical message about the recent DAO troubles.

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

Hyena: Many people argue that services like cryptograffiti.info cause block chain bloat and are thus immoral. It is said that the block chain should not be used for this.

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

Bitcoin is not merely the online money that is magic but it also offers a platform for free communicating and trustless notary services.

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

“I am delighted to announce that I have just received a donation of 0.1 bitcoins from en.hotmine.io Smart Heating. It motivated me to implement the picture storing. Also, thanks go to the bitcointalk user xumuku who also contributed me bitcoins quite some time ago so I would implement image storing”.

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

Hyena: With 2 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 gifts. Thinking about the price of bitcoin I will say that I have never been operating with a loss.

The agency has a potential to become even more profitable and perhaps it ought to be one day turned into a conventional organization.

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

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

Picture courtesy of Reddit, CryptoGraffiti.

Source: bitcoincasinoreview.info