The White House, among many others, just got tagged, specifically, with digital Bitcoin (BTC) graffiti, care of a newly discovered augmented reality (AR) platform inspired and fueled by cryptocurrency.
In exchange of a small Bitcoin fee, anybody is permitted by Satoshi’s World to add images, text, and GIFs to actual places or sites anywhere. Despite being launched just over the course of the weekend, it only took a few hours for the word “bitcoin” to be scribbled all throughout the White House.
A Twitter user that goes by the name of ‘Pseudozach’ posted a sample image of it in a tweet saying “I made another thing. Write anywhere on earth, pay with Lightning. 10 sats per character.”, to which another Twitter user, named ‘Matt Odell’, replied “I wrote bitcoin on the White House “, Neeraj K. Agrawal tried to find the word ‘bitcoin’ on the White House, and when he found it, he tweeted “Found it” together with a screenshot of the ‘vandalism’.
According to online news site, CoinSpectator.com, the gig is a cool twist on Satoshi’s Place, last year’s Bitcoin project, that enabled users to buy pixels on a blank canvas for a very small amount of cryptocurrency. It also used the Lightning Network.
How does it work?
It’s very easy, based on an article from The Next Web, people drop the little orange stick-figure-like avatar called ‘Pegman’ anywhere on the map, and its first-person view (FPV) will be seen on the right hand side of the screen. For each character, it would only cost 50 Satoshis ($0.0018). Users can type in any word or message they would like to “pop up” or “show” in that specific area. Not only that, it also supports emojis, images and GIFs by means of links.
In light of bitcoin adoption
Hard Fork, a subsidiary of The Next Web site that focuses on the cryptocurrency and the blockchain industry, made a decision to try it for the sake of the advancement of Bitcoin adoption. Located in the Netherlands, TNW couldn’t help but join the bandwagon and share their choice of cryptocurrency graffiti all over Amsterdam Centraal station which cost about $0.05 worth of Bitcoin each.
As stated in TNW’s article, the group also had a chance to find out directly from Satoshi World’s creator what some of his favorite graffiti has been so far, but most importantly to talk and see how he has been utilizing the platform.
Pseudozach, Satoshi World’s creator, told Hard Fork during the interview:
“I wrote ‘hello gorgeous ;)’ on the Maiden Tower in Istanbul, … There are seriously profound ones, one says ‘welcome to the cliff dwellings, we are a lie.‘ I don’t even know what that means, but it sounds deep.” (Pseudozach)
Transactions with small amounts of Bitcoin? No problem
Based on TNW’s report on the matter, there’s a reason why Pseudozach prefered to use the Lightning Network rather than directly using the blockchain technology to accept Bitcoin payments, he explained that the service would not just be the same without Lightning.
“I started out charging 10 Satoshis per character, and a few people wrote ‘bitcoin.’ That was 70 Satoshis, pretty much impossible on-chain,” (Pseudozach)
This is because of Bitcoin‘s mining fees. Everytime people transmit a significantly small amount of Bitcoin — similar to the ones in Satoshi’s World — network fees can really be greater than the actual amount to be transmitted.
“One of bitcoin’s biggest problems right now is that so many people want to use the currency that from time to time the network gets bogged down.” (Ryan Radloff)
As mentioned on an article on business news site CNBC last 2017, an issue for bitcoin is slow transaction times and large fees, but there might be an answer to this problem. A possible answer to the problem is called the “Lightning Network.” pointed out by Ryan Radloff, CoinShares’ co-founder.
Accordingly, Lightning Network enables Bitcoin to be sent directly among nodes via special payment channels.
“Another reason is Lightning is final, so I take the payment and user refreshes the page and sees the graffiti immediately, … On-chain, we would have to wait a few blocks (20-40 minutes).” (Pseudozach)
Additionally, TNW also claims that Pseudozach is not actually worried about indecent messages and click-related doodles being flooded in Satoshi’s World.
“I’m definitely not interested in censoring or monitoring what’s on there so I’ll let it run wild for a while, but if there’s any chance it would get me in trouble, I’ll think of something.” (Pseudozach)
What do you think of this fun way to use your bitcoins and test out the Lightning Network? Would you also do the same and share your own crypto graffiti? Let us know in the comment section below!