[1] You don't know that.

[2] Meh. False. If it only costs $11,000 to solve African hunger, it should be solved by a long time already. $11,000 is not a huge money if you think of how much other people make from their day job. I kind of agree with the newbie guy that 12BTC is actually not that much especially if you're thinking of establishing a company. Nowadays, you can't just think locally when you're opening up a company. You have to think globally so your company would have much more potential.

$11,000 is not that much for business that's why there are startups and whatnot that are worth much more than this even though some startups end up in the dump.

I doubt that. I can barely list 10 individuals that I know personally that are using bitcoins. Unless you have an agent working for you, you'll never find out who are the other people that have 50% of the bitcoins. You'll be able to find a website that has the list of the wallet addresses that holds the most bitcoins but how are you going to contact them with that information? We're all anonymous/pseudonymous here so..

Actually, people that holds bitcoin can only sell their coins to manipulate the bitcoin price. They are not going to be buying (unless they chose to) since they already have a huge amount of bitcoins. What you should do is find rich people in the world and encourage them to save their money in bitcoin form. That would surely increase the price.

People are starting to live more digitally. Personally, I spend most of my day in front of the computer socializing, talking to other people. I don't have that much social life IRL but I have a good one online. We're all connected online. Even some businesses only exists on the Internet and not in the physical world. Dollar can be replaced by bitcoin because of that reason. We're living on the Internet and we need money to spend on the Internet. Bitcoin is the Internet's money.

Bitcoin doesn't have to be recognized by the government to become a leading currency. It's on the Internet and the government doesn't have much power here. Only thing the government's recognition can do is shorten the mass adoption time. Even without the government, eventually we'll get there.

[1] Altcoin teams are spending tons of money on advertising. Anyone who has an altcoin would eventually have bitcoins. In other words, altcoins are the way for bitcoin to get advertised. There's not much advertisements about bitcoin, right? Only advertisements about bitcoin-related companies but not bitcoin itself.

[2] Supposed that there's no altcoin exchange sites, hackers would target bitcoin exchange sites instead and the number of bitcoins that would be lost because of that might even be larger because people's bitcoins are all in there. Unlike when there's altcoin exchanges, some of their money is on bitcoin exchange and some are in the altcoin exchange. Simply, altcoin exchange have actually saved some of our bitcoins somehow.

[3] Why are you thinking that all rich people are old? There are 16 year old kids nowadays that are richer than what we'll ever be.

[4] I actually think that rich people are more open-minded on things like this because they don't want to store all of their money on a single asset. Bitcoin is a good place to store some of your money.

[1] Uploading 1 video a day is too much especially if you have other things to do. The only ones that I've seen so far that are able to post video every single day are vloggers which are just taking videos of their every day lives. Nothing especial about their videos, actually. It's just your normal "I went to mall" "I went to my friend's house" videos but they are fun to watch since it's as if someone's talking to you. Watching vlog videos is like going outside and having fun but all virtually.

Actual youtubers that have actual niche only post after a couple of days because they have to think of their next topic, prepare the set, shoot the video, and edit the video.

[2] But keep in mind that Youtube is not for everybody. For example, if you live a lonely and boring life, no one's going to watch your vlogs. Also, you have to be able to live with all the hate that you'll eventually get from Youtube comments.

Definitely not here.

It would be thousands of time better if you have your own website/blogsite and you promote that instead. That way, you can promote all the affiliate links all at the same time. For example, if you have some tips on your mind about OneHash or any other else gambling site that you are registered on, you can simply leave at the bottom the referral link.

People also tend to believe you more if you have a website other than some plain reddit post or social media post. Reading on a certain website makes the person more inclined to think that you're a credible person.

I doubt that there would be a reasonable reason why should they accept bitcoins. Local shops would always have local customers that have local fiat. Only reason for a local shop to accept bitcoins is if there's a lot of tourists coming to his shop. Example of this is in Hawaii, tourists all over the world are there and using bitcoins would save customers the hassle to convert their money to your local currency. Same advantage to you, you wouldn't have to convert their money to your local currency before you can use it.

In other words, bitcoin is the only true universal currency and a local shop would only be needing to accept bitcoins if they have customers from all over the world.

There's no "some protection" other than the antiVirus that you have on your computer. It would be much better if you're not going to save your private keys or your seeds electronically. You should just write it down on a paper.

I think what's better to say is that you can't get your bitcoins robbed/hacked if it weren't in an online wallet. Using an online wallet would mean risking your coins. Hackers might not be targeting you in particular, but the exchanger site or the online wallet site that you've been using might be their next target. You'll never know.

But again even if your private keys or your seeds are just written down on a paper, you can still get robbed if someone finds it. In other words, there would always be a chance of you getting robbed simply because your private keys is saved/written somewhere in this world.

Not at all times especially in the buyer's perspective. Supposed that there was escrow and the deal was all went well but after a couple of days, you encountered problems with whatever digital good that you bought (thus, got scammed), you can't dispute the payment since Paypal cleared out that digital goods aren't included in their Buyer's protection policy.

And even if it weren't a digital good: If you dispute it, you'd have to explain that the payment from the person you're disputing payments from is just an escrow and another person was the actual one who scammed you. A lot of explanation have to be done.

tl;dr: The use of escrow in Paypal only gives advantage to the seller while not using an escrow allows the buyer to claim that it was an unauthorized payment.

"Fake demand" is still demand. Someone's buying bitcoins, thus, there's demand on bitcoins. No matter how many persons was buying bitcoins, that's still demand nonetheless.

There would never be an equal distribution of bitcoin. The same thing with fiat, there would never be an equal distribution of fiat. I think you should read this article to realize that there would never be an equal distribution of wealth. And even if we get to do that, eventually, the wealth would not be evenly distributed because there would always be people spending more than others, and people earning much more than others.

Thanks! If anyone's wondering why it's on PNYC instead of Active or CFNP, it's because it opened but doesn't have the same team (manager + company). The previous manager was SFR10, now it's yahoo.

This is like saying to a stranger, "I'm going to jump off a building, but you'll pay for my hospital bills, right?" The gambling site don't care about how much money did you lose. Even better for them if you lost millions on their website.

There's a rake back on some website but it's not that much. It's just a small percentage of what you lost which is for me is not useful in any way. There's no way that you can multiply that small money and get back the huge amount of money that you lost. It's just another advertising strategy of these gambling sites.

[1] It doesn't work like that. You invested on their project, in other words, you take the risk and you're going to accept the fact that you can't take your money back in case things go down. I've never seen an ICO the issues full refund or even a partial refund when the coin is a failure. There's just too much ICO out there that either ran away because they intended to do so since day one, or they ran away because they pussied out and didn't know how to revive their project.

tl;dr: ICO is just as risky as other types of investment. Expect no refund, actually, don't even expect any updates from the company when the project becomes a failure.

[1] How does the use of smartphone would make bitcoin replace dollar? Smartphone is owned by almost everyone. Even older people that used to hate technology are loving their iPads nowadays. I don't see any strong relation between bitcoins and smartphones. If anything, it's because smartphones allow you to have a bitcoin wallet. But smartphones have so many uses that one efficient use of it is covered by another depending on the priority of the user.

[2] There are actually really really cheap smartphones on poor countries. Here's a 4 dollar smartphone featured by Unbox Therapy. You can throw it away and not worry about anything. When it goes low battery, you can simply buy a brand new one.

Those methods sure can give you .01BTC weekly but the topic here is actually .1BTC which is 10 times of what's on your mind. Paid-to-click sites are very strict with their clicks and pay really low. I even doubt that you can earn .01BTC from that. Signature campaign, no question on that unless you're a low ranked member.


The problem is, day job is not available for everyone. There are some that's still studying here. There are also places in the world where you would rather do online job than go on a crappy day job just to get an equal pay, lower even, for a whole day of hard work.

[1] Maybe at some moments the price of gold is going down but I hardly think it would go down and become cheap.

[2] Isn't it the same? At the end of the day, you worked for that money to get gold/bitcoins. Gold isn't going down in price because it's a natural resources and we can't produce it on our own. Gold is being used so much nowadays because of technology so its price should increase unless if someone invents or discovers something that's just as shiny and as useful as gold.

Even if they didn't say that the dispute has already passed, you still wouldn't win. Digital goods isn't covered by the Buyer's Protection Policy. So many people want to get out of a cloud mining scam once they realized that it's a ponzi scam. Like, don't you do your own research? A simple search on google would tell you that all of these "legit" investment sites are following a simple scam concept. They use the investments of the new people to pay the earlier investors.

You should've filed another dispute or at least tried to contact support and say that you were scammed. I doubt that it would work, but you should've at least tried.

[1] Supposed that you were given $1,000 to invest (roughly 1BTC). Would you rather invest them on 3-5 investments or divide them to small pieces and invest in more than a hundred types of investments? If you choose the first one, then that can be a good decision. But if you choose hundreds of investments? I don't think so.

Supposed that 10 of them goes booming, and the money on those investments tripled, it wouldn't have that much effect on you since you've invested so little on them and you have so much money invested on other things. Point is, Yeah, multiple sources of income is good but investments are not sure sources of income. You only need a couple of investments to have a successful one and then continue on experimenting on other things since you have sure profits on your first investments.

Tl;dr: Many is not always better.

[1] How bad could the reputation of bitcoin be? It's already ruined since from the start. It would be wrong if we pretend as if all those illegal activities aren't happening. But at the same time, it's happening on fiat currency. Nothing to be ashamed of, honestly. All currencies are being used in shady activities.

[2] To some degrees, altcoins are actually better than bitcoins. Transaction time, Price, Date of Launch. Although those doesn't matter, it's still an advantage of altcoins. Transaction time has always been a problem of the majority, and we have SegWit on the way to solve that. Unfortunately, we're still not so sure about it. Using an altcoin can resolve our issues with bitcoin transaction time.

Price of altcoin is more volatile and cheaper. Thus, we can trade it and make bitcoins from it. The date of launch of altcoins are later than bitcoins. You have more chance of having your money increase if you invest in an altcoin than in bitcoins. (But we also have good times with bitcoin when the price increases like crazy. We rarely see that on altcoins nowadays.)

It is. Look at the spreadsheet. It's still constantly updated. There are four participants and I don't think they are looking for any new participants at the moment. They're full as indicated in the first post.