Categories: Bitcoin Business

We tagged Amsterdam Central Station with LONG BITCOIN SHORT THE BANKERS

Click here to view original web page at thenextweb.com

The White House has been tagged with digital Bitcoin BTC graffiti, thanks to a new augmented reality platform powered by cryptocurrency.

Satoshi’s World allows anyone in the world to add text, images, and GIFs to real world settings for a small Bitcoin fee. Posts are made viewable through a special Google Maps feed.

It works like this: you drop the little orange ‘Pegman’ anywhere on the map, and its first person view will appear on the right hand side of the screen.

For 50 Satoshis ($0.0018) per character, you can then type in any message you would like to “appear” in that location. It supports emoji directly, as well as images and GIFs through links.

It was launched over the weekend, and it took just a few hours for “bitcoin” to be scrawled across the White House.

It’s a neat spin on a Bitcoin project from last year, Satoshi’s Place, which allowed users to purchase pixels on a blank canvas for a very small amount of cryptocurrency.

Doing our part

In the spirit of advancing Bitcoin adoption, Hard Fork decided to give this a go.

TNW is based in the Netherlands, so we couldn’t resist spraying some choice cryptocurrency graffiti all over Amsterdam Centraal station.

These cost about $0.05 worth of Bitcoin each.

We also caught up with Satoshi World’s creator to see how he’s been using the platform, and to find out what some of his favorite graffiti has been so far.

“I wrote ‘hello gorgeous ;)’ on the Maiden Tower in Instabul,” Pseudozach told Hard Fork. “There are seriously profound ones, one says ‘welcome to the cliff dwellings, we are a lie.‘ I don’t even know what that means, but it sounds deep.”

No Satoshi’s World censorship for now

With regard to why he chose to use the Lightning Network to accept Bitcoin payments instead of using the blockchain directly, he noted that without Lightning, the service just wouldn’t be the same.

“I started out charging 10 Satoshis per character, and a few people wrote ‘bitcoin.’ That was 70 Satoshis, pretty much impossible on-chain,” said Pseudozach.

This is due to Bitcoin‘s network fees. When users send very small amounts of Bitcoin (like the ones in Satoshi’s World), transaction fees can actually outweigh the original amount to be sent.

Lightning Network removes this barrier by allowing Bitcoin to be sent directly between nodes through special payment channels. It’s worth noting that Satoshi’s Place was also powered by Bitcoin via the Lightning Network.

“Another reason is Lightning is final, so I take the payment and user refreshes the page and sees the graffiti immediately,” he added. “On-chain, we would have to wait a few blocks (20-40 minutes).”

Pseudozach also isn’t really concerned that Satoshi’s World will be flooded with dirty messages and dick-related doodles like its predecessor.

“I’m definitely not interested in censoring or monitoring what’s on there so I’ll let it run wild for a while, but if there’s any chance it would get me in trouble, I’ll think of something,” he said.

In any case, this is certainly a blast, and oddly addictive. What better reason to whip out your Bitcoin wallet and test the Lightning Network?

Satoshi’s World allows anyone in the world to […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Terrorists are turning to Bitcoin for funding, and they’re learning fast

Representational image of Bitcoin. (File: Bloomberg) By Nathaniel Popper Hamas, the militant Palestinian group, has been designated a terrorist organization… Read More

24 mins ago

Latest Faketoshi says he conveniently ‘lost the hard drive’ containing billions in Bitcoin

Just yesterday we told you how there was a new Faketoshi in town, staking a questionable claim to the Bitcoin… Read More

24 mins ago

Study Suggests Scarcity Could Drive Bitcoin Prices to $60,000 by May 2020

Share Tweet Send Share Bitcoin price predictions have been coming thick and fast in recent months as the world’s top… Read More

24 mins ago

“Bitcoin will never hit 50k” says crypto skeptic Peter Schiff

For a man that wants nothing to do with Bitcoin , economist and Euro Pacific Capital CEO Peter Schiff never… Read More

24 mins ago

Casa Releases Node Monitor Service to Improve Bitcoin Network Health

Casa, a crypto firm that provides a private key management service and Bitcoin node machine, has unveiled a node monitor… Read More

25 mins ago

ETC/ETH Technical Analysis: Ethereum Classic breaks higher

Ethereum Classic vs Ethereum: Classic is making a comeback today An important price level has been broken 0.037673 looks to… Read More

25 mins ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More