Social Media Backed by Blockchain Brings More Freedom and Choice for Users
By Max Steadman – Cryptocurrency Enthusiast
As individuals and governing bodies proceed to re-examine areas of technological innovation, financial structures and even freedom of speech during the current Covid-19 response, blockchain has risen as a possible arrangement for solving numerous issues. Iva Wisher, co-founder of Ignite, a decentralized ‘microblogging’ forum said that as well as Bitcoin investing, blockchain might be part of the answer to addressing state-sponsored censorship in today’s pandemic-focused and politicized digital world.
First, Wisher defined freedom of speech, suggesting that the ‘possibility to express any opinion, even an unpopular one, unless this opinion is not a call to violence’ should be our standard. He continues to say that blockchain technology could add the level of security that users deserve, allowing them to ‘express your opinion without the risk of punishment." Colleague and co-founder of Ignite, Vladislavs Semjonovs reinforced Wisher’s sentiments, adding:
"First of all, we will need to implement a blockchain consensus to release a full-scale solution of content relevance mechanism. Prometeus [decentralized protocol] team came from the cutting edge of big data and AI technologies, so after the consensus mechanism is implemented, we can apply cutting edge technologies from the AI field to provide relevant content for our users."
Wisher believes that a blockchain-backed social network or microblogging platform are expected to apply an AI-powered content responsive quality system to “protect users from any kind of illegal content,” asserting that authorities and moderators should not be contributing to a decentralized forum just like the ones to combat the censorship.
Ignite’s co-founders both express their expectations for the foreseeable future, referring to the recent TikTok banning in the United States and the Indian Government’s echoing measures against Chinese digital apps, noting:
“As for us, we accept that blockchain media advances ought to bring individuals the flexibility of choice with the social media substance - precisely the same way the blockchain fintech innovations brought such flexibility with their budgetary activities.”
If you are interested in learning more about the future of Bitcoin or other cryptocurrencies, head over to our platform to buy Bitcoin UK today. We at BC Bitcoin are a top trusted Bitcoin broker, making it easy to Buy and Sell cryptocurrency for your needs.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards