on July 17, 2014
A little while back I reported on a fascinating project I had been following. I have continued to follow this project with interest. As the world’s first Bitcoin-powered pay-per-character publishing platform, Bitcoin Megaphone peaked my interest. Truly innovative and original ideas in the space can be difficult to come by, even with so much happening.
Bitcoin Megaphone, the cutting-edge micro-publishing platform, has
just unveiled its affiliate program. The program works by instantly
paying affiliates 30% of the profits generated by referrals. Since
Bitcoin Megaphone uses Coinbase as its merchant platform, the affiliate
transactions happen off-blockchain and without fees.
What is most fascinating, and only really possible because of Bitcoin
itself, is that all that’s required to sign up for the affiliate
program is an email address. If someone wanted to set up an anonymous
Coinbase account, he or she could accumulate funds from Bitcoin
Megaphone via Coinbase, and transfer them to an external Bitcoin address
at any time completely anonymously.
This is the kind of exploitation of the unique aspects of Bitcoin
itself that has fascinating implications and ramifications. In an
environment where the push towards mainstream adoption is making
anonymity somewhat of a dirty word, Bitcoin Megaphone have sought to
embrace that aspect of the technology in a useful and innovative
implementation. What is more, anonymity here, it is difficult to argue,
has anything but benefit for the user.
Added Bitcoin Megaphone creator, Mike Solomon:
“Unlike many affiliate programs where earnings slowly trickle in, the earning potential here is huge. For example, if a Bitcoin Millionaire decides to spend a few hundred dollars on a big post, you can easily start making real money instantly. Besides gambling, there’s really no way you can easily make so much bitcoin so easily.”
Before the affiliate program, the only way to make money on Bitcoin
Megaphone was by creating a post and collecting tips. But according to
Solomon, people wanted another way to monetize.
“Since the site launched, I’ve gotten so much support from people who love the idea but didn’t think they could post anything interesting enough to generate tips. The affiliate program finally offers these people the chance to make money without having to spend money. It’s a way for everyone to get involved.”
A signup form for the Bitcoin Megaphone affiliate program can be found here.
Since Bitcoin Megaphone launched in March 2014, hundreds of people
have anonymously posted jokes, advertisements, art, conspiracy theories,
commentary, and more for .00001 BTC per character – all in the hopes of
earning tips. As of July 2014 it has generated more than 75 bitcoin in
anonymous tips for its authors.
Bitcoin Megaphone was created as a side project by Mike Solomon, who
lives in New York where he works as Digital Director for Glamour
Magazine at Condé Nast Publications. Condé Nast Publications is in no
way affiliated with Bitcoin Megaphone.
I will continue to watch the work of this micro-blogging platform, in
the hopes that they continue to innovate in exciting ways with
Bitcoin’s infrastructure. To incentivize people to contribute while
allowing the same users to maintain full anonymity, as they collect
tips, is purely in the spirit of Bitcoin
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