July 26, 2018 251By Robert Johnson
“Here’s how it works: users who have a Bitcoin wallet compatible with the Lightning Network are able to post messages. If you want your new message to start off with just one vote, then just send one Satoshi.”This is a fascinating concept, though it does seem to be a little immature. We used the word memelord in the title but genuinely, this could almost encourage the buying of likes. Of course, you can do this within various blogs and social media anyway but within this platform, it seems even easier, doesn’t it? Furthermore, according to The Next Web:
“What results is really a great demonstration of the decentralized nature of the blockchain – but also feels strangely metaphoric to the state of cryptocurrencies in general. It is totally devoid of censorship, runs completely on libertarian ideals, and the more Bitcoin you have – the more your vote counts.”See more for yourself, here. Literally, the more you have, the more of a memelord you can become. That, is the exact opposite of the principles that Bitcoin wants to achieve and really it also insults the democratic nature of websites such as Reddit. If nothing else, this acts as a key example of how blockchain technology really can be used anywhere, even if it seems a little pointless on the surface.