In early March, about fifty investors received links to an anonymously created, password-protected Web site. On the site was a seven-page white paper, which opened with the question “What Is BitClout?” BitClout, the paper explained, is a social network that runs on blockchain technology, allowing users to “speculate on people and posts with real money.” Every user is given a public price, which is the amount of money that it costs to buy his or her “creator coin.” With the platform’s native cryptocurrency (also called bitclout), users could buy the coin of any other user on the site.
Source: The Dark, Democratizing Power of the Social-Media Stock Market
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