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7Aug 2015
AppleBytes Comments Off on ArtByte withdraws from the New York Market

ArtByte withdraws from the New York Market

Due to the requirements of the New York BitLicense, ArtByte (formerly AppleByte) has decided to withdraw from the New York market, effective August 7, 2015.

The ArtByte Foundation is a non-profit corporation dedicated to supporting artists around the world, through the technology of digital currencies.

ArtByte provides support to artists in several ways. Of these, the following services are no longer available to New York residents:

  • ArtByte grants and awards given to artists
  • ArtByte tipping apps, allowing fans to tip or support artists via social media
  • Official pool server, allowing artists and fans to earn ArtBytes
  • The Orchard (faucet) server that allows artists and fans to receive free ArtBytes daily

We believe regulation is good for the digital currency industry. However, from our review, the complexities and costs of complying with New York’s far-reaching regulations far exceed those of other jurisdictions.

ArtByte prefers to allocate our funds to supporting artists around the world. It is a shame that the artists of New York will be unable to participate.

ArtByte main website: http://ArtByte.me

24Jul 2015
AppleBytes Comments Off on BitcoinTalkRadio interviews ArtByte founder, Mike Cabaniss

BitcoinTalkRadio interviews ArtByte founder, Mike Cabaniss

Checkout the BitcoinTalkRadio interview with AppleByte (now ArtByte) founder, Mike Cabaniss.

The interview was recorded at the InsideBitcoin Conference in Chicago two weeks ago, before the name change from AppleByte to ArtByte.
http://www.bitcointalkradio.com/interviews/Michael_Cabaniss_AppleByte.wav

 

22Jul 2015
AppleBytes Comments Off on ArtByte (formerly AppleByte) revolutionizes how artists are paid!

ArtByte (formerly AppleByte) revolutionizes how artists are paid!

Bitcoin technology is disrupting more industries than the financial payments sector. ArtByte (formerly AppleByte), the digital currency supporting artists, offers a positive use of Bitcoin 1.0 technology and is revolutionizing how artists are supported, just as Bitcoin revolutionized financial payments.

From its inception on May 1, 2014, ArtByte (formerly AppleByte) has focused on building real user adoption among the artists and art lovers of the world. Coingecko.com (a top digital currency ranking site) ranks ArtByte the #5 digital currency in terms of community engagement, and in its first year ArtByte has achieved 53% of Bitcoin’s present position in terms of social media community size and engagement.

 

HOW ARTBYTE (formerly AppleByte) BENEFITS ARTISTS:

ArtByte integrates the technology behind Bitcoin and our social platform to support artists via five channels:

1.   Tips from fans via our social media tipping applications
2.   Promotion of artists’ works through our social media art community
3.   Grants and awards from the ArtByte Foundation
4.   Income from mining (creating) ArtBytes
5.   Sale of art for ArtBytes, such as our music download site, ArtByte Music Store

ArtByte’s elimination of cross-border fees and restrictions allow any fan, anywhere in the world, to support any artist, anywhere in the world.

 

HOW ARTBYTE BENEFITS BITCOIN ECOSYSTEM INVESTORS:

While Bitcoin 2.0 may be all the rage, Bitcoin 1.0 still provides excellent investment opportunities as real user adoption grows. Without a doubt the most profitable Bitcoin ecosystem investment to date accrued to the early adopters of Bitcoin. ArtByte was launched May 1, 2014 and is still in the early adopter phase.

 

WAYS TO INVEST IN ARTBYTE INCLUDE:

MINING: With steps taken to restrict mining from large multipools, built-in pool mining in the wallet, and bonuses paid to smaller miners, ArtByte (scyrpt) is profitable to mine with CPUs, GPUS, or ASICs: http://pool.artbyte.me

BUY/SELL/TRADE: ArtByte is available on two exchanges in the pair BTC/ABY
https://poloniex.com/exchange#btc_aby
https://www.bittrex.com/Market/Index?MarketName=BTC-ABY

VENTURE CAPITAL:
ArtByte is seeking its first round of VC funding. In its first year, development and infrastructure deployment has been completed, funded by principals. Proceeds to be used for expansion. Email jmc<at>applebyte.me to inquire.

DONATIONS TO THE ARTBYTE FOUNDATION: Email jmc<at>applebyte.me to inquire.

 

Main Website: http://artbyte.me

ArtByte (formerly AppleByte) Presentation slides: http://www.slideshare.net/MikeCabaniss/artbytepresentation-51478350

Radio interview with ArtByte founder, Mike Cabaniss: http://www.bitcointalkradio.com/interviews/Michael_Cabaniss_AppleByte.wav

20Jul 2015
AppleBytes Comments Off on How ArtByte (formerly AppleByte) meets artist’s financial needs

How ArtByte (formerly AppleByte) meets artist’s financial needs

ArtByte is revolutionizing how artists are supported, in the same way that Bitcoin is revolutionizing financial payments. Through the technology of digital currencies and its social platform, ArtByte enables any fan, anywhere in the world, to support any artist, instantly.

ArtByte supports all types of artists: musicians, painters, sculptors, actors, film makers, directors, editors, producers,
dancers, writers, photographers, designers, models, production team, etc.

 

The Age old Problem

 

Low pay for artists is both a historic and international problem, with cross-border transaction costs limiting worldwide support and artist’s stand-alone self-promotion efforts lacking bandwidth and expertise.

 

Current solutions for Artists

 

  • Self promotion by an artist via web and social media
  • Crowd funding of individual projects
  • Grants & awards
  • Cash tips for some types of live performing artists (i.e. musicians)
  • Artists holding second and third jobs to fund creative activity

 

The ArtByte Solution

 

ArtByte integrates the technology of digital currencies and its social platform to support artists via five channels:

 

  1. Digital tips and donations from fans via ArtByte social media tipping applications
  2. Promotion of artist’s works through ArtByte’s social media art community
  3. Grants and Awards from the ArtByte Foundation
  4. Income from mining (creating) ArtBytes
  5. Sale of art for ArtBytes, such as our music download site, music.artbyte.me

 

Advantages of supporting artists with ArtBytes vs. Cash

 

  • More than a social media “like” or “RT”, an ArtByte tip provides real financial support to artists
  • ArtBytes can be given by any fan anywhere in the world, to any artist anywhere in the world
  • Fans or artists do not need credit cards or bank accounts to give and/or receive ArtBytes
  • There are no governmental, corporate or regional restrictions, telling fans who they can support
  • Artists receive and can spend donations of ArtBytes almost instantly
  • There are no fees for giving artists ArtBytes, compared to credit cards, PayPal or bank transfer fees, etc.

 

Details at http://artbyte.me

16Jul 2015
AppleBytes Comments Off on AppleByte is changing its name to ArtByte

AppleByte is changing its name to ArtByte

Over the next few weeks AppleByte will be changing its name to ArtByte.

We feel the new name better describes our purpose of supporting artists around the world.

AppleByte is headquartered in NYC. The name AppleByte was a play on the old saying, “Come to New York and take a bite out of the Big Apple”. However, AppleByte has grown considerably and has artists around the world, with a social media following of over 78,000 users. Outside the US, the meaning of the name AppleByte is not as clear.

5Jun 2015
AppleBytes Comments Off on AppleByte’s response to the latest US regulations

AppleByte’s response to the latest US regulations

In view of recent changes in the virtual currency regulations in the United States, the final release of the Bit License requirements in New York, and clarifications of the law from the Ripple case, the AppleByte Foundation is re-assessing its responsibilities under US law.

We believe regulation is good for the digital currency ecosystem, including bitcoin and altcoins, and will bring much needed legitimization of the industry. We also believe that for any digital currency to achieve longterm success, meeting these regulatory requirements is a necessity.

So AppleByte is taking a proactive approach to understanding and applying any US regulatory responsibilities, deemed applicable.

In our recent discussions with two separate legal experts in the field, AppleByte has become aware that some of the services provided to users, by the AppleByte Foundation may bring regulatory requirements under current US law.

Under FinCEN (mirrored in the NY laws), the applicable clause requiring registration is this (see section bolded and underlined below):

“c. De-Centralized Virtual Currencies

A final type of convertible virtual currency activity involves a de-centralized convertible virtual currency (1) that has no central repository and no single administrator, and (2) that persons may obtain by their own computing or manufacturing effort.

A person that creates units of this convertible virtual currency and uses it to purchase real or virtual goods and services is a user of the convertible virtual currency and not subject to regulation as a money transmitter. By contrast, a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.

See full FinCEN regs: http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

This section of the law, speaks to any case where a person or entity has custody (for any time period) of another persons digital currency.

The AppleByte Foundation is currently in the process of obtaining legal opinions on the following services, that may fall under this section:

Pool server
Online wallet server
Twitter & Reddit tipping app servers
AppleByte Music site

AppleByte has decided to take a conservative approach and temporarily suspend these services during the process of determining and defining regulatory requirements.

We anticipate that this process will take 30 days. Once an understanding of any regulatory requirements is gained and processes are in place to meet the requirements, AppleByte will re-open these services.

During this service suspension:

Miners can move to another pool server operated by a 3rd party.
Users can use the AppleByte core wallets for MAC, Windows, or Android.
Users can give tips to artists directly from their personal wallets to the artist’s AppleByte address.

We thank our users in advance for their patience during this temporary suspension of these services. The AppleByte community of artists and art lovers continues to grow at a rate of over 1000 social media followers a week. We currently have a total social media following of over 68,000.

We believe that proactively meeting US regulatory requirements is positive for AppleByte and is another step in separating us from the hundreds of altcoins who either can not or will not meet the current regulations.

We are contacting all users of these services and will allow 15 days for users to transfer their AppleBytes to their personal core wallets.

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