Something that might help, would be to move your income from Bitcoin, directly to a paper wallet and then giving that paper wallet to someone you can trust. This way, you will not be able to get to that money, if you do not have the private key.

This is like having a savings account, but you do not have the password. Alternatively you can use something with multi-signature. ^smile^

Bitcoin is a currency, not the solution to the worlds problems.

Do not post your referral link in any thread, because it will just be deleted by the mods. The forum rules do not allow for that. < ref spamming >

If this is a legal business and not some ponzi scheme, then you can do a review or a write up of this service and place it under the service announcement section. They might remove the ref link, if it is posted there. I would suggest posting the normal link without the ref, and then posting your ref as a choice option.   

If you post your referral in your signature and you spam the forum with non-constructive posts, just to advertise your ref link, then those posts will be deleted and your account banned.

The market is very saturated with the same boring dice games. In another thread I suggested that people create something exiting and new, like hosting a "nude" gambling site. A lot of people thought it was a good idea, so there are a need for this.

There are 1 site I know of, that does this and they charge $400 subscription fees for people to join. If you can create something that people want, and not what you think they want, then you will be successful.

Bustabit <crash sites> is boring and to create it with another theme will just be as boring.

How can you go wrong by combining two markets? < Gambling & Adult entertainment >

Valid point, and I know they adapt the payout for the faucet based on the Bitcoin price, but it is still lower than most faucets out there. < That said, these other faucets, do not last long > The thing is, faucet users are not bothered with the liquidity and long-levity of these faucets, but rather how much they can get from them. So they jump between the high paying faucets, until they close down. < There are many to choose from these days >  

So Freebitco.in might offer multiple features, but as a faucet it fails miserably in being competitive in regards to the payouts. < Yes, they will last longer, but the faucet users do not worry about that >

A "faucet only" site is built on Ads and loads of users accessing that site regularly. Why would people return to Freebitco.in, if the payouts are this small? < Freebitco.in is now a gambling site, with a faucet >

The only way for us to bring more stability in the Bitcoin markets, would be to distribute more bitcoins to more people. We currently have some whales with a lot of coins that can shift the markets at will. If those coins were distributed more evenly between more people, then you would have less volatility.

This is not a problem for day traders, but surely a problem for merchants that accept Bitcoin as a payment method, and those who do not convert to fiat regularly. < The price might have dropped, before they converted to fiat >

Some merchants use payment processors, so the volatility has less impact.

What he is trying to say with a massive wall of text, is this : If you cannot bring concrete proof that you are Satoshi Nakamoto, just stop trying, to save yourself from the embarrassment. The community will scrutinize every claim you make, and if there is only 1 hole in your claim, they will discard the whole thing.

CW had many holes in his theory, and they ripped him a new poophole. ^smile^   

--== We are all, Satoshi Nakamoto ==--

The buzz word in the industry lately is : BLOCKCHAIN technology. Bitcoin is the currency token being used on top of the Blockchain, but the Blockchain technology can be used for much more. < Example : Smart contracts > The FinTech world is changing now, and a lot of this is being pushed by investments into private Blockchains.

This move is stupid in my opinion, but try telling that to people who has very little knowledge on what makes PUBLIC Blockchains successful. 

If I were you, I would concentrate on public Blockchains. < cut your teeth on a new Alt coin >

You have to admit that Bitcoin as a global electronic payment method are making Ponzi's like this much easier. Just compare this to say, WIRE TRANSFERS. You would wait days for your money to go through, but with Bitcoin it is much faster, so Ponzi's can run more efficiently.

The main question is, what would they have used if Bitcoin was not around. Look at MMM as a perfect example :

МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time, in the 1990s. By different estimates from 5 to 40 million people lost up to $10 billion. The exact figures are not known even to the founders.
Founded: 1989
Ceased operations: 1994

Where was Bitcoin then {Bitcoin started in 2009}, and this was one of the biggest Ponzi's. ^hmmmmm^

Well, you can check the provably fairness of each bet, so there are no sinister things being hidden. They have a high house edge, because it is their only source of income for the faucet these days. They previously had huge advertisement income, but they lost that or rather decided to stop that. < It was too much effort to administrate it, and easier to fund this from the lottery and gambling >

Both the faucet and gambling side, pay very little these days. This site was one of the best, but are below average these days. Look like they just holding on to survive from day to day. ^hmmmmm^

I am curious, how are you going to penetrate a market, if you have to compete with similar sites like ProtonMail ? They have the same business model and funding structure and they barely survive on donations. They are also under constant attack and protected by Swiss privacy laws. < This has also been influenced by talks between them and the USA government >

ProtonMail has over 2 million users and in November 2015, ProtonMail was under several DDoS attacks that made the service largely unavailable to users.

They maintain two redundant data centres in Lausanne and Attinghausen (in the former K7 military bunker under 1,000 meters of granite rock).

How are you going to compete with this?

Remittance can only work, when people can send money from one destination to another at the same fee. The Swizz WU branch might have zero fees, but what about the person on the other side? How much is he paying on the other end, to receive that money?

WU/MoneyGram still have the advantage that they have on-ramp and off-ramp services globally for Fiat conversion, and this advantage is gradually eroded by the ease of use and user-friendly apps that are being developed to transfer Bitcoin globally. ^smile^

Why Coinbase? I am not a big supporter of any centralized exchanges, and for this reason I buy most of my coins directly from people. I go to meetups and build relations with people there, and then I start trading with them. Localbitcoins is good, but tricky.

I would like to move away from the dependency built on third party services and exchanges, because they are the single most vulnerable point of failure, as was shown with MtGox & Bitfinex.

Deal directly with people and avoid third parties. ^smile^

Politics 101 - Everything goes, just ask Trump. ^smile^

First, Mike Hearn was not a victim, he tried a hostile takeover and even tried to slip some "backdoor" malicious code into XT and it failed. They even faked some nodes, to inflate their node count, and that failed too.

The goal of this forum is to discuss Bitcoin, hence it's name : Bitcointalk, not to promote Alt coins or to tolerate discussions that would harm the experiment. < They leave room for constructive criticism, up to a point >

If you feel strongly about Blockstream, then rally support for BU somewhere else and let consensus make the final decision.

Bitcoin can be very volatile my friend. We have seen massive increases and decline in price, within a few hours. The smallest thing, sends the traders into a panic frenzy and then the bots kick in and everything goes to shit around here. A Chinese government official can only fart in his office, and it starts a ripple affect and eventually ends in a shit storm.

I do not think a increase like this will happen over a long period, it will happen in several days after a major announcement. ^smile^  

You know, I would rather be pre-emtive and forward thinking, to be prepared for whatever might happen than being a sheep and being close-minded to the possibility that things like this might just happen. LiteCoin would be the obvious choice for most people, because it has been around for many years and has shown that it can step up to take Bitcoins place.

LiteCoin has a bigger Coin cap and it is faster too, so watch this space in the future. ^smile^

https://news.bitcoin.com/segwit-litecoin-soft-fork-road/

Blockstream did not dump all of that money and time into SegWit and the LN for it not to be used. People are already talking about the possibility that SegWit/LN could be adapted to be incorporated into other Alt coins, like LiteCoin.

So let's consider this for a moment :

LiteCoin or some other Alt coin use SegWit/LN and it is a huge success as a Peer-to-Peer payment network. Bitcoin users migrate to this Alt coin, because it is cheaper and faster.

Bitcoin is left with a few hoarders that occasionally make transactions, but are mostly interested in it's store of value properties. The question is :

1. Will it still serve as a store of value, if it lost a large portion of it's active user base? < less demand = lower price >
2. Will the remaining users generate enough tx's to make it profitable for miners to continue mining in the future, when Block rewards become unprofitable and increased tx's is needed to generate enough miners fees for miners to continue mining?
3. Will Bitcoin increase the Block size, when they see this happening or will there be no need, because tx's will drop?
4. Less nodes = weaker decentralization. < People leaving >

What are your thoughts?
 

The answer is simple, Blockstream will apply SegWit and LN to another Alt coin like LiteCoin and it will function as a true Peer-to-Peer digital payment system, and Bitcoin will loose users to whatever Alt coin that incorporated this. So you will have a 3rd division in this community.

Bitcoin will then serve as a store of value for the hoarders, until it lose enough value that they too will also abandon it. Miners cannot survive in a scenario where mass hoarding takes place. No tx's = No mining, and NO mining = NO Bitcoin.

Well Bitcoin is defined as a commodity and commodities are usually traded on stock exchanges. The average person on the street might find it difficult to comprehend the fact that Bitcoin can be traded like a stock and used as a currency. We have a new technology here, that are not clearly defined yet.

People are lazy, and will over think this without spending the time to experiment first, and this will cause problems with future adoption. 

I have a pretty good understanding of what is being attempted with the LN, but I think the miners are just as uncertain about the outcome of this, as many of us. Has anyone projected the possible impact of this based on tx growth that would be made possible and what income will be generated from hosting a hub?

Xapo is also making use of the same principle, the only difference being that their off-chain tx's are not part of the Bitcoin protocol.

A block size increase has it's own risks, but I guess that is what Satoshi anticipated. < small natural increases >

It should be obvious to everyone that the full blocks have very little to do with natural increased usage, and more with "Spam" attacks targeted at influencing people's minds to simulate a situation where SegWit/LN is urgently needed.

The miners actually thought very little about this, and nearly wiped the inflated backlog in a day or two. Yes, we need to scale, but not when it is forced down people's throat. ^hmmmmm^