A BCH Fueled Version of Patreon is Coming This August

A BCH Fueled Version of Patreon is Coming This August

Just recently a team of programmers announced the creation of a ‘Bitreon.cash,’ a platform that aims to be similar to the popular membership application, Patreon. This particular platform, however, will be censorship resistant and powered by bitcoin cash (BCH) payments. In order to fund the protocol, two developers have raised 47 BCH so far out of their 100 BCH goal; the funds will be used for marketing Bitreon.

** This post has been updated to reflect recent developments on 7/12/18 at 4 pm EDT.  

Bitreon.cash Aims to Launch a Patreon-Like Platform Powered by Bitcoin Cash

A BCH Fueled Version of Patreon is Coming This AugustPatreon is a platform designed by Jack Conte and Sam Yam in 2013, and the membership service provides users with business tools so creators can design a subscription content service. Over the years the service has become very popular and is used by podcasters, Youtubers, artists, musicians, and cryptocurrency luminaries like Andreas Antonopoulos use the service. However, Patreon has its downfalls because it’s a centralized service and the web portal has censored things like adult content. Moreover, the protocol does not allow bitcoin payments for reasons tied to filing with the IRS, the Patreon Zendesk details.

So, two developers Jimmy Birer the creator of Cashflow.fm and the React wallet, alongside a front-end engineer named, Maciej Bowkorski, plan to launch a functional Bitreon.cash on August 1. The development team plans to deliver the complete Bitreon application on September 1. Bitreon.cash has also released the project white paper which details how the platform will function in a decentralized fashion and utilize BCH.           

“With Patreon disabling cryptocurrency payments, we see an opportunity to create a Bitcoin Cash membership platform that brings complete freedom and control to content creators and their subscribers,” explain the developers of Bitreon. “The security of payments (no fear of chargebacks) alongside the anonymity and the privacy offered by bitcoin cash and the Bitreon platform will make it possible for creators to reach their maximum creative potential and the subscribers to enjoy the best their favorite creators can offer.”

We’re aiming to make Bitreon.cash the most popular content membership platform on the Internet, making bitcoin cash adoption skyrocket and enable people to earn all over the world.

A BCH Fueled Version of Patreon is Coming This August

Zero Censorship, Smart Contracts, Bitcoin Cash Payments and Free Speech

The Bitreon developers say there will be many benefits to using the decentralized application over a centralized service like Patreon. For instance, there will be an Electron Cash plugin so people can get recurring payments. Bitreon will also be smart contract based by utilizing Nchain’s new SDK Nakasendo. Additionally, people can register anonymously and be paid without sharing identification.   

A BCH Fueled Version of Patreon is Coming This August

“We impose zero censorship and terms for the content you share and will always defend your right to free speech,” explains the Bitreon developers.

With 47 BCH ($34,515 USD) the Bitreon team is well on its way to raising the 100 BCH ($72,922 USD) for marketing the project to new users. Once the functional Bitreon application is released into the wild this August, news.Bitcoin.com plans to review the platform after launch.

**UPDATE According to this post on Reddit,  the legitimacy of Bitreon has been contested, and a Bitreon donor has complained of discrepancies. The developer of Cashflow, Jimmy Birer, has denied the claims and says he plans to refund the donor and will still launch the platform Sunday.

What do you think about the Bitreon.cash concept coming to the Bitcoin Cash network? Let us know in the comment section below.

Disclaimer: Bitcoin.com does not support this product/service and has no association with the Bitreon fundraising. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Images via Shutterstock, and Bitreon.cash.

Want a comprehensive list of the top 500 cryptocurrencies and see their prices and overall market valuation? Check out Satoshi Pulse for all that hot market action!

Publication date: 
07/12/2018 - 06:40

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.