As a platform that converts people's profiles into tokens, #Bitclout is reshaping the #node structure.
As a platform that converts people's profiles into tokens, Bitclout is reshaping the node structure. Famous investor #Chamath #Palihapitiya is very excited about adoption.
On April 24, 2021, the BitClout team released the "vision" document for the first time and changed the knot technology design. Bitclout's node structure is now accessible to every enthusiast in the crypto scene.
This announcement was enthusiastically received by the legendary venture capitalist Chamath Palihapitiya. He claimed that high-tech projects from developers are beginning to be mass adoption. He also added that if this process continues, Bitcoin will take on a very asymmetrical structure like in its early days.
Mr. Palihapitiya was among the first investors of BitClout, along with Andreessen Horowitz, #Sequoia #Capital and Alexis Ohanian.
↪️Crypto Community Reactive
The cryptocurrency community is not too excited about BitClout's business model. Gabor Gurbacs, director of the digital assets strategy of VanEck, reminded that BitClout is making money from people's identities without permission:
“They literally stole millions of profiles. They took advantage of name resemblance and sold their services based on stolen identities and similarities. Harm users and the California attorney general don't like it, I can tell you. ”
Ari Paul, CIO of #BlockTower #Capital, emphasized that while this is a fraud, BitClout is very poorly designed.