How Does CryptoGraffiti Work bitcoin casino no deposit bonus 2016

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How Does CryptoGraffiti Work?

A visitor pay some bitcoin can type their message into the text field, and view the message decoded from the blockchain and exhibited on the CryptoGraffiti website, along with messages from the Bitcoiners.

June 17, 2016 untill, users were able to send text messages to the blockchain.  But 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 of publishing to the blockchain the process is complete, no one on Earth can censor, edit or delete the data entered by users — it is stored in the blocks indefinitely.

Since it’s the first service in the Bitcoin ecosystem that implements automated image writing to the blockchain, Bitcoin and usa bonus code bitcoin casino bitcoin casino no deposit bonus 2016.com achieved to CryptoGraffiti’s founder, Erich Erstu (nickname Hyena), to ask him a few questions about his vision of the job 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, printed to the blockchain for permanent preservation.

Hyena: I am working as a software programmer in the capital of Estonia.

BC: How did you come to opening such a cool site as cryptograffiti.info?

Hyena: In 2014 I was studying in the Masters’ program of Software Engineering in the University of Tartu. We had a course and for one of the class homeworks we needed to datamine something from the real world and present the results. I thought that, what if people have saved messages from the Bitcoin block series? For instance, similarly to how Satoshi wrote”The Times 03/Jan/2009 Chancellor on verge of second bailout for banks” at the very first block of Bitcoin’s block series. I wrote a program that hunts and monitors all bitcoin TX’s for ASCII text. As I was expecting, I discovered all types of messages, so I made the cryptograffiti.info site that displayed those messages. It was presented by me .

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

Hyena: I intend to employ Proof-of-Existence support as an additional instrument for cryptograffiti that allows secure timestamping of documents for notary purposes. In addition, in the future I’d like to develop some interesting provably game that’s played on bitcoins.

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 which can be used to purchase drugs online.” Apparently, he had been interested in that type of thing, but I recognized Bitcoin.

BC: 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 into the secrets of the financial world.

As a result of Bitcoin, I now know the world economics work, how banks function and all that.

A satirical message concerning the recent DAO troubles.

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

Hyena: Some folks argue that services like cryptograffiti.info cause block series bloat and are thus immoral. It is said that the block chain shouldn’t be used for this.

I believe it’s exactly the same like saying that the Internet should be used for publishing articles and also to exchange e-mails with relatives. In my opinion, value is given by the immutable data storage feature of the block series and the community should be happy for it.

Bitcoin is not merely the Internet money but it also offers a platform for censor free communicating and trustless services.

BC: Your recent post on bitcointalk.org forum says:

“I am happy 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 functionality. Also, thanks go to the bitcointalk user xumuku who also contributed me bitcoins quite some time ago so that I would implement image storing”.

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

Hyena: With two 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 donations. Considering the cost of bitcoin I will say I have not been working with a loss.

The service has a potential to become more profitable and it ought to be one day turned into a organization that is traditional.

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

Image courtesy of Reddit, CryptoGraffiti.