I had been following the progress of BSV development through many twitter accounts when one day someone retweeted about Twetch and i was intrigued. I clicked the tweet went to the Twetch twitter profile, followed them and read through recent posts. I discovered Twetch was a twitter style social media platform built on the Bitcoin SV chain. i finally to went to their website and signed up for the waitlist.
I have previously signed up to alternate social media like Gab, Parler and Bitchute. This was after some content creators i occasionally watch or follow had moved to these platforms from youtube, twitter and facebook after they had been censored by these platforms for various reasons. (Though many are Trump supporters)
There is a demand for social media platform that is stored in the blockchain, then add the facility to include intuitive swiped micro transactions for rewarding interactions and good quality content you have a traditional social media killer.
After a few days of stalking and retweeting all the Twetch tweets i could find whilst asking how long is waitlist? I was contacted by DM by Randy who offered me an invite to beta of Twetch and to the Twetch Slack channel. I was chuffed that i had made it in the first 500 users of what i believe to be a groundbreaking platform.
Upon signing in you see a clean twitter style feed in the centre of the screen, at the top is an input field “Add twitter URL or Plain Text” with the feed of posts below going down the screen. Top right we have your avatar which if you click on take you to your own feed. Next to that is the notification area, which was added in the latest update.
To make a post of plain text, once you have typed in your content and pause for a couple of seconds the money button will appear with cost of posting that Twetch to the Bitcoin SV blockchain. The cost of the twetch is based on the data size of the Twetch most simple text posts i have posted have been 2p.
Making a Twitter URL post is more expensive as it contains more data but these posts can contain images and text from twitter as well as your own post on Twetch usually these cost around 15p – 18p
This is where it gets interesting as depending on the content you are producing on Twetch you may turn a profit from you paying to use social media. Twetch makes you think twice about posting, once for the quality of the content then again as you check for errors before posting it onto the blockchain forever.
Each post has 3 icons under it, the first is the “like”, then “comment” and then “copy post”. If you click the “like” within a couple of seconds the money button appears under the icon with 8p ready to send to the original poster (OP) this will be split into 1p fee and 7p to the OP. With comments it costs 2p to make a comment which then is split 1p fee and 1p to the OP.
The developers have been hard at work and since i joined 10 days ago they have rolled out 3 updates including small bug fixes and features that had been requested in the Slack channel. The site has had no downtime or any major issues while i have been using it.
On Normal social media you get a dopamine hit from receiving a a throwaway like or a comment on a photo or status,. On Twetch people are not only giving you a dopamine hit liking and commenting on your post, they are rewarding you for the content you have posted the blockchain.
Over the last ten days, i have been using the platform daily. I was quite conscious of what i was posting forever to the blockchain and i wanted majority of what i post to have meaning / create discussions rather than throwaway posts to generate likes. So i started posting news articles that i felt would be of interest with my thoughts of them and some general observations of what i come across online daily. I have had interactions on majority of my posts and a few twitter posts made a profit.
The Platform is currently invite only… Sign up on the waitlist and follow on twitter if you want to get onboard the next big thing.
I will post a follow up once there is more progress with this project, it should not be long as these developers do not hang around.
Thanks for reading.
Please leave a comment and let me know what reviews you would like on the site next.