My thoughts and thesis about
@NewBitcoinCity (NBC) after using it for a couple of days.
This thread could be your time-saver. Dive into insights without having to explore spaces & trial the app yourself. It might just help you decide whether to take it for a spin or not.
It is divided into a couple of parts:
1) Description and comparison to FT and SA
2) What you can do on the NBC
3) Conclusion
4) Links to study about NBC
Brace yourselves, folks—I'm penning this thread with Metallica blasting in the background. This is bound to be an electrifying read!
Let's dive in!
1) Description in one sentence:
It's like X with tips on the posts, private conversations, and connection to FT rooms, which you do not need to buy.
-my impression so far and comparison with Friendtech and StarsArena:
It is like they do everything right, learned from the past, and avoided all the weak spots FT and Avax have/had.
The app is not lagging, running smoothly, has many great functions, and is similar to X combination of FT unique functions, which would be awesome to see on FT. You can deposit, BTC, ETH, or Avax.
2) What you can do on the NBC:
-You can post on a "wall" your thoughts, get tips on it, and everybody can react to it as everybody see these posts.
-If you have a room on FT and you will join on NBC you do not need to buy the shares you already have on FT. You can chat with all of them (all of the participants see the chat) or you can have a private chat with them.
-The next thing which pretty intersting has a gambling aspect is the "placeholder key". This allows you to speculate on people connected via X that are yet not on the NBC app.
You can be the first one to create the placeholder key for anyone from X, like celebrities or projects, and be the first adopter and have the lowest price possible. Once/if they join, their shares might rise when they inform their followers that they have joined NBC.
-you can set limit orders to buy, but not for selling (that option is open only to market sell)
-you can buy only portion of the key with limit order
-you can sell portion of the key (in case you wanna take profit, if the key rise in the value)
-you can do a 3,3 via smart contract but you have to hold at least the amount of the key that you propose to do the 3,3
-you can create an invite link and give a tip on it so people will join to the app or give it to your circle (chat) and random people can claim it. This feature is really cool as you can motivate others to promote you more and give them directly something in return.
3) Conclusion:
This app
@NewBitcoinCity has so many great functions that I would love to see on
@friendtech and is shipping very fast.
As we saw in previous attempts at SocialFi apps, there were multiple rugs and it needs to be stated that NBC is still a very very young app. It needs to stand the test of time and we need to see if the BTC zk-rollups will be able to handle the huge influx of new users.
While it seems that its goal of NBC is not to compete with FT but rather to achieve some symbiosis, the success of this app will depend on its adoption and attracting new users. FT has still the first-mover advantage.
We can see nice inflow as its nearing the 1M$ mark of TVL
However, if adoption occurs and nothing breaks before FT introduces new features, and if they push a token NBC, with proper utility, like getting % of the fees generated to the NBC holders in the real-yield manner, (geting fees in BTC or in ETH) to not inflate the token of NBC and create a sell pressure, it could cast a shadow over our beloved Friendtech.
If you do wanna try it you can use my reff link:
newbitcoincity.com/?referral…
4) Other links about NBC topic to study:
twitter.com/jerymander/statu…
twitter.com/NewBitcoinCity docs.trustless.computer/bloc… twitter.com/jerymander/statu…
twitter.com/boredsharky/stat…
- I want to thank
@jerymander and
@boredsharky as I saw NBC because of your threads <3
Thank you for reading my thread. If you enjoyed it and made it to this point, you're legends! Please support me by liking and retweeting.
-Success is a longride of consistent work, adding brick by brick to your final goal on a daily basis, so, go and get it!
Join me on FT: This thread could save you hours! 🔥 Dive in before diving into the app or listening to spaces. It'll help you decide if it's worth your time.