It's not even about understanding about profit and transactioning. People do not get how can there be noney that doesn't exist and that no one governs. Like a bank. It's nothing, nowhere. But it's still money with real value.
It's really the knowledge that makes us different from those who do not use bitcoin, but if they too, know that it has a value and it can be use, then one day they'll be here...  Remember that once there were people using salt for money, or feathers at one point. Also, what gives gold value? Read about it - it's more than interesting. The simple fact is that it is not easily degradable. Salt, feathers, bitcoin - it has value because we say so. Centuries ago salt was very hard to obtain (as gold) and therefore it's value was so high. Mean of payment have to be somehow rare to not inflate economical system with excessive supply. |
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- You could get 500 satoshis just for solving captcha code.
- No way, grandpa!
- Yes, those were the days! Now I have to go, must order new rims for my Lambo.
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of course it is, why wouldnt it be money if it has value? its even better than money as you can use it howmuch you want
I think something has to dollar price is not necessarily the money. what you could call gold is money, because gold has a price to the dollar? I am not sure if I understand you, but the value of everything could be converted to dollar: bitcoin, gold, other fiat currencies - everything. |
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i'm impatient to see what will happen after the halving.
The only reference we have is the 2012 halving, but the overall market conditions are completelly different. These days halving from 50 to 25 BTC resulted in absulutely nothing:  |
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Price volatility is the major problem here - If you are running online store, you could have prices changing dynamically according to the BTC/USD rate. But what if you are running brick and mortar shop, where every product has it's own paper price label?
Moreover, there is general factor of insecurity related to the price fluctuations, what could discourage people to adopt BTC.
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I think in 2015 and 2016 its impossible to get a lot free bitcoin.  But if you say in 2013-2014 its many giveway from alt-coin or anything and you can get very lot bitcoin. Was it easier to get any free satoshi when BTC was @1000$ in the 2013/2014, than now when it's @400$? I don't think so. |
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Blockchain.info for smaller ammounts, Electrum wallet (under linux) for gathering all my incomes. When my assests will (hopefully  ) reach significant value I am going to develop something more secure method, maybe paper wallet. |
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6 out of 10 legendary staking addresses have been sold or received bids. 4 more to go with one being reserved. I suggest you take a look into this, only 5 days to go and there will be no other auction like this. This is a unique opportunity to grab a very nice crypto asset. http://bit.diamonds/auction.html+ 2x stake multiplier is a great feature + DMD is still here, for 2.5 years - Almost 3BTC price, seriously? I think that it's related to this all unique and fancy things: The asset will carry the name of a legendary diamond together with the name of its owner forever carved into the heart of DMD Diamond. Additionally the lucky owner can leave a 144 character long message in the core code for future generations to read.
However, most of all, whoever acquires Legendary 10 unique asset automatically becomes the Epic Legendary Holder, which will be forever recorded in the history of crypto.
- There is one exchange left, after Cryptsy drama, where you can trade DMD |
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Decisions I've made were usually right, so I have generally good feelings about my bitcoin experience. Of course, I've had some flashes of regret for doing/not doing something in the past, but they were rather related to the smaller income, than loss of money. Instead of creating poorly-constructed threads, how about you share what you're thinking. My guess is you don't give two shits how bitcoin makes the rest of us feel. Could be wrong.
I'd bet on this too. Does OP think, that 40-character length Thread Starter is worth 0,0008 BTC?  |
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Having a faucet is a good method to earn? I mean you have to give to the ones that use it so how does it work? From traffic and advertising?
In theory it could be somehow profitable if you will use Google Ads. But then, you would have to make daily prayers to not have your Adsense account blocked, which is quite probable in case of faucet site  Why do you see only the profit for the faucet owner... Perhaps the faucet owner do not want make profit...perhaps he wants just run a faucet for the fun? He asked about running faucet as a source of income. Doing this for fun is also an option, but you still have to manage your incomes well, to not pay from your pocket. Who the hell thinks inserting captchas is fun? Now, running a faucet should be profitable enough, since there are plenty of advertisers in need of such services. I mean fun from running faucet. Remember, that you have to get more from the ads viewed by one single person, than he/she claims from your site. Ad-networks that pays BTC usually have mediocre display rates. Other thing is, that it's hard to convience faucet visitor to click any of your ad. |
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Most of the sig. campaigns are good, which means you can aern a little bit of free bitcoins.
But doing micro tasks will give you are highter reward which makes it worth your while
i dont believe the 1st part, so you are saying the money you earn with signature campaigns is free money ? No its not you are advertising them in your signature and getting money instead, remember 70% of internet work/earn with advertisement including google and facebook. Moreover, as most of the campaigns have some conditions regarding posts quality, lenghth etc. there are also efforts and time, that user have to offer. |
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no, the governments back fiat.
In fact, I'm willing to bet you that there are WAAAAAAYYYYY more people who would trust government backed currencies than none-government backed currencies.
Surely there are lot of people trusting governments, but it does not proof validity of that view. Gov's are backing money with promises, like the future retirements in some countries. That's the way society works, on trust. Bitcoin being no exception. You trust that other people will want your bitcoins, and they, in turn, trust that those bitcoins will be worth something to other people. Turtles all the way down. If there are any BTC buy offers, thats not the matter of trust at all. When somebody is buyin BTC he/she is taking some risk. The difference is, that governments don't inform about any risks related to their decisions, but want people to believe that their conditions are set in stone. I am blown away at the ignorant responses here, but that shouldn't surprise me. It's a silly topic to begin with, as bitcoin isn't backed by anything either. "Math and electricity", that's a joke. Money doesn't have to be backed by anything to serve its function, and what we've got--fiat--is hardly worthless. I buy everything with it. Could it become worthless? Certainly. Most things can.
Why then governments hesistate (generally) to print money everytime they need some? Why can't I print some on my own? Would you like to be "indebted" to yourself??? Then, how do you think governments will be able to take such steps as if it is going to harm the economy so badly??? Printing ain't in the hands of Governments alone, there are Federal Reserves who take care of the same... I have responded to the claim, that money could be backed by nothing. I didn't say, that governments should print money at will, please read carefully. |
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no, the governments back fiat.
In fact, I'm willing to bet you that there are WAAAAAAYYYYY more people who would trust government backed currencies than none-government backed currencies.
Surely there are lot of people trusting governments, but it does not proof validity of that view. Gov's are backing money with promises, like the future retirements in some countries. |
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Having a faucet is a good method to earn? I mean you have to give to the ones that use it so how does it work? From traffic and advertising?
In theory it could be somehow profitable if you will use Google Ads. But then, you would have to make daily prayers to not have your Adsense account blocked, which is quite probable in case of faucet site Why do you see only the profit for the faucet owner... Perhaps the faucet owner do not want make profit...perhaps he wants just run a faucet for the fun? He asked about running faucet as a source of income. Doing this for fun is also an option, but you still have to manage your incomes well, to not pay from your pocket. My faucets and systems are "market" regulated...so i have never to pay from my poker... more faucets runners should follow my "doing" you would never heard about "no paying" or "dry faucets" or "scamm" or all these things we heard after the adsense story. Sounds interesting and I would check that, as I tried to run faucet with no adsense twice, and both of them were fails. |
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I am blown away at the ignorant responses here, but that shouldn't surprise me. It's a silly topic to begin with, as bitcoin isn't backed by anything either. "Math and electricity", that's a joke. Money doesn't have to be backed by anything to serve its function, and what we've got--fiat--is hardly worthless. I buy everything with it. Could it become worthless? Certainly. Most things can.
Why then governments hesistate (generally) to print money everytime they need some? Why can't I print some on my own? |
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Having a faucet is a good method to earn? I mean you have to give to the ones that use it so how does it work? From traffic and advertising?
In theory it could be somehow profitable if you will use Google Ads. But then, you would have to make daily prayers to not have your Adsense account blocked, which is quite probable in case of faucet site Why do you see only the profit for the faucet owner... Perhaps the faucet owner do not want make profit...perhaps he wants just run a faucet for the fun? He asked about running faucet as a source of income. Doing this for fun is also an option, but you still have to manage your incomes well, to not pay from your pocket. |
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Having a faucet is a good method to earn? I mean you have to give to the ones that use it so how does it work? From traffic and advertising?
In theory it could be somehow profitable if you will use Google Ads. But then, you would have to make daily prayers to not have your Adsense account blocked, which is quite probable in case of faucet site |
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2) In order to mine coins you have to launch specific software and keep it running.
3) Bandwidth is not a concern right now, it should take about 3-5 KB/s.
4) Mining software will be checking if your connection is up to continue mining automatically
5) So you want any device just to try what mining looks like? I would suggest you two things:
- In case of mining for fun -> USB Block Eruptor
- In case of making any profit -> Antminer S7
Every other option would be the waste of time and electricity, as it would be too expensive for a demonstration purpose and too inefficient to make any ROI.
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@OP,
If you are saying that fiat is completely worthless, remember that we ain't currently living in a "Bitcoin-Only based economy" and rather we are living in a biased economy where most are in its favor and most are barking against it...
Also, the values are currently being evaluated in "Paper money" itself for BTC, and it will take a lot of time for BTC to take over these economies...
It guess Op mentioned here. Fiat is worthy for all people but Bitcoin is more worth in value and its system as well. World economy is depends on fiat only but bitcoin have future power like How middle east countries came arise power with oil resource after 1970. No I guess, because Op has been saying that Bitcoin would replace Fiat very soon, which is not gonna happen... As we have all witnessed that BTC has developed gradually and its user base too increased rapidly, but that doesn't mean that it is accepted by everyone, and for that to happen, we all would need to dedicate too much time and even money in accordance with the needs of everyone, and that would take a lot of time... True. Reading bitcoin news, btctalk threads etc. can make you feel, that bitcoin is a serious game changer in the financial world. And then just log out and take a look around your real world surrounding you, to ascertain it won't happen in the nearest future. |
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the best and easiest method of growing your bitcoins is definitely investing it somewhere that would grow it with a small interest
You haven't mentioned any method. It's like: "Best way to earn money is finding good place to invest" |
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