Is BitClout A Scam?

1.Bitcoin growth and the cryptocurrency boom:

Daily active addresses almost doubled between March 2020 and April 2021. Cryptocurrency transactions have become more accessible during the past year, thanks to platforms like Coinbase, Robinhood, and PayPal. With 8% of American adults now owning crypto assets, the tide is surely about to turn.

2. Trading made easy:

With stock exchange made accessible for small investors through companies like E*TRADE, TD Ameritrade and WeBull, trading enthusiasts will see BitClout as an attractive trading platform.

3. Social media censorship:

We all know that Facebook and Twitter control your posts and tweets, and lately, they have upped the scale on the Do’s and Don’ts. BitClout’s unique selling point on the other hand, is that you have complete control over your own content, and no one can shut your account down. That is how decentralization works.

4. Creators getting their share from their following:

With each creator having his own “creator coin”, monetization is now at a whole new level. Influencers can offer different forms of incentives to their investors according to the amount that they put in. Other social media platforms have had similar systems in place, including Twitch with its “Sub-only” access feature, and the new craze swooping the industry, OnlyFans.

5. The hype on NFTs and crypto assets, and how BitClout will follow suit:

Jack Dorsey recently sold his first ever tweet as an NFT for just under $3M, and Crypto Kitties have been auctioned off for $60M. The blockchain version of Twitter will surely surpass those numbers.



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