How Does CryptoGraffiti Work BetChain app

How Does CryptoGraffiti Work?

A visitor pay some bitcoin can type their message into the text area, and following 1-10 minutes see the message decoded in the blockchain and displayed on the CryptoGraffiti website from the anonymous Bitcoiners.

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

The images can be up to 50KB in size. And, once the process of publishing to the blockchain is finished, no one on the planet is able to censor, edit or delete the data entered by users — it’s stored in the blocks indefinitelyBitcoin Gambling Reviews it is the first service in the Bitcoin ecosystem which implements automatic 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 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 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 in the University of Tartu. We had a datamining course and for one of the course homeworks present the results and we had to datamine something from the world. I thought? For instance, similarly to how Satoshi wrote”The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” in the very first block of Bitcoin’s block series. I wrote a program that searches and monitors bitcoin TX’s for ASCII text. As I was expecting, I discovered all types of messages, so I made the cryptograffiti.info website that displayed those messages. I presented it as a result of my homework.

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

Hyena: I intend to implement Proof-of-Existence service as an additional instrument for cryptograffiti which allows secure timestamping of files for notary purposes. In the future I’d like to develop some fun provably.

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

Hyena: I heard about the Bitcoin technology in 2011 from a friend who heard about it on reddit and told me about this”cool new virtual currency that can be used to buy drugs online.” Apparently, he had been interested in that sort of thing, but I immediately recognized Bitcoin as an investment opportunity of this centuryusa bitcoin casino fair bitcoin casino free spins Was it scary or entertaining to learn about Bitcoin at 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 now understand how the world economics work, how central banks function and all that.

A satirical message about the current DAO troubles.

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

Hyena: Many people argue that services such as cryptograffiti.info cause block series bloat and are thus immoral. They say that the block chain should not be used for this.

I believe 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 view, value is given by the block chain’s data storage feature and the community should be happy for this.

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

BC: Your recent post 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 consumer xumuku who also donated me bitcoins quite a while ago so that I would exert picture storing”.

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

Hyena: With 2 decades of operating, people have saved over 500 messages on the block chain using cryptograffiti.info and I have obtained 2.1 bitcoins as donations. Considering the price of bitcoin I will say that I have not been operating with a loss.

The service has a potential to become even more rewarding and perhaps it should be turned into a conventional business.

I am yet to be approached by investors or people . Until this, 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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