BitPatron

The Bitpatron, a Bitcoin-friendly version of Patreon, is a digital platform that enables the user to earn Bitcoin in return for writing content without being hesitant about their content getting removed or demonetized from the forum. The users can earn Bitcoin for speaking their minds irrespective of the political affiliations or ideas.

According to the Bitpatron community, they believe that there is a lot of online media interference in a massive way on the rights of creators. Since then, the platform has decided to come with a reliable solution.

What Does The Platform Offer?

The platform is private, censorship-resistant, and decentralized. The forum will store content on the Bitcoin blockchain to make sure that it is impossible for any great corporations to censor or delete content. Creators can earn Bitcoins through subscriptions in the app, as well as they can receive micro-transaction rewards from the readers also.

To bring in a better user experience, the app also allows smooth migration to the users, where the creators can remonetize their work to generate their fanbase. On the whole, the content creators will be able to enjoy the same revenue just like they had from other platforms but now, with more freedom. Since the platform will also bring in some crypto exchange in it, the transaction will be made easier for patrons, as they can easily reward their favorite creators with the Bitcoins.

Principles Of The Bitpatron Clone

Creators are the owners! They are the only people who can own and control their data, which is saved in a storage bucket.

Creators own the subscriber list, which can’t even be censored by the platform itself, neither can they have their audience taken away.

Multiple payment options that consist of various traditional providers and Bitcoin, which will be linked with the account of the content creator. The content creator doesn’t have to rely on the powerful payment provider, neither do they have to depend on BitPatron.

Technical Overview

Encrypted Content Storage

Using Blockstack technology, the platform offers secure and decentralized storage hosting. The technology ensures that the exclusive content is signed, verified, and encrypted. However, the cloud provider won’t have any visibility into the contents of the user, and they only see the data blobs. The user can take their data along with them even when they don’t use the BitPatron.

Censorship-Resistant Payment Method

Since all the transactions between the users and content creators will be carried out by the Bitcoin and Lighting payments, there would be no involvement of mediators or intermediaries fees. They can obtain uncensorable payment options for monetizing content.

Multiple Payment Gateways

Users don’t have to rely on just one payment gateway account and can switch between Paypal, Stripe, and others, and they can start accepting credit cards. Even if one of the providers blocks the content creators from payment, they can easily switch between other options, or they could ultimately choose Bitcoin. There will be fewer to no financial risks for content creators. Since the app doesn’t have control over the payment streams, even in the future, there would be no pressure from any credit card companies or payment providers on the app.