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Freebitco.in is still alive and active. In fact, this faucet is now offering interest on deposits in addition to the faucet or gambling earnings. There's a dedicated thread with a lot of details.
For Newbies to Bitcoin faucets are great introductions. I think it serves a good purpose to introduce family and friends to Bitcoin as well...some catch the bug and look for more info and get it and others don't.
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Anybody working for the weekend? Either way...it's here! And so is the 3x Reward Points promotion - starting just over 2 hours from now at 12am GMT! The 3x promotion applies to all ways you can earn Reward Points - 6 RP/free roll, 3 RP/referral free roll, and 3 RP/multiply roll. To get these notifications to your mobile device in the future, follow Freebitco.in on Twitter at: https://twitter.com/freebitco@CointTasker, thanks for bringing this up again, give me a day or so to investigate what's possible. Great question! Hello Myfe, I am not sure if you saw my previous post but I am still curious if there is anyway to contact one of my referrals. I'd like to offer them a custom rev share agreement to motivate them to utilize the site even more. Is that at all possible? Thanks!
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There is one simple way to earn bitcoin - there's a bitcoin faucet paying 4% interest on deposits (over 30,000 satoshi). Deposit 30,000 satoshi and the interest starts paying, daily. You can also play the faucet rolls, lottery, or gamble. And as far as I know there's no limit to how much you can deposit.
If you're letting your balance sit idle, why not earn interest?
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Hi all, thanks for having me. I'm a long time user of Freebitco.in and Freedoge.co.in, so I speak with direct experience. I'll be reviewing the thread often to answer your questions. However if you find I've missed yours feel free to repost or PM me. Great question from MtgMarcel, Wetsuit offered some comments on the approach not long ago on this thread. I wonder what hapens if bitcoin does a hard fork...I invested 0.15 BTC, but in case of a hard fork, who gets the BTU?
Specific comments on how deposits and transactions will be handled should a hard fork become reality are quoted below.I was meaning to make a detailed post about it but this is basically how we would handle it:
1. We will temporarily pause withdrawals and crediting of deposits 6 blocks before the block when the hard fork is supposed to happen. Although we would recommend users to stop sending deposits to us at this time until things have resolved, there is nothing we can actually do to stop them from doing so.
2. We will take a snapshot of all user balances at this point.
3. When things have been resolved and there is a clear winner, we shall resume withdrawals and credit all deposits that were made during the time when we had paused the crediting of deposits.
4. We will follow the longest chain.
5. All users who held a balance with us before the hard fork (when the snapshot was taken in point 2) will be able to withdraw an equivalent number of coins in the minority chain.
Regardless of how I feel about the block-size debate, our priority will be maintaining the maximum possible value for our users.
And If BU wins, we will use BU as the primary coin and users will be able to withdraw an equivalent number of BTC to their wallets since that will become the minority chain. If BU forks with at least 75%, it will be very difficult for the BTC chain to survive and confirmation times will increase 4x and fees will go through the roof until the difficulty resets (which will also take 4x as long). In such a scenario, it would be very difficult to use BTC as our primary coin.
However, if BU forks with around 50% then it is more likely than not that the BU chain will die out. We shall pause all deposits and withdrawals until there is a clear winner. If the BTC chain wins, then we will make that our primary coin and users will be able to withdraw an equivalent number of BU coins to their wallet.
In all scenarios, if there is a fork users will get 2 coins for each coin that have deposited with us, so they will not be losing out in any way. We cannot however guarantee that their withdrawal transaction in the minority chain will ever confirm (although we will use the appropriate fee) because there will most likely be a rush of users trying to withdraw to exchanges to sell and fees and confirmation times will go through the roof.
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The lower rate is precisely why this offer has been developing and building trust with members who are taking part in the offer. This rate is realistic. It's sustainable. It's relatively easy for Freebitco.in to pay the rate out, which enables the company to engage in the growth and business endeavors without risking the ability to meet their interest payment obligations to all of us. If the rate was 10% or 20% it would be completely unsustainable. It would be akin to the various high yield investment programs that have popped up and disappeared so quickly later. Finally, put this offer in perspective. This is possibly the longest running and arguably most well known bitcoin faucet...do you really think they'd want to burn the business with this 4% interest offer? (If this was some grand final move they'd offer more interest so all of the skeptics can be lured into participating following similar logic as yours: the higher the rate the more I'm willing to risk!) Give this offer a shot with your existing faucet balance - if they pay consistently, consider them as a good location to deposit a balance beyond faucet and gambling winnings!I recived that email too, the thing that baffles me is how people could trust anyone holding their coins for a mere 4% per year.
The level of risk in crypto could never be so low that people could conisder such risk/reward ratio as interesting
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So the inventor of the bitcoin actually created 21 million blocks
Barbara
Hi Barbara, welcome to the Forum! It's not 21 million blocks, but 21 million bitcoins that can be mined. Each block contains several bitcoin. I believe it started with 50 bitcoin per block (back in 2009). As more transactions are conducted and the amount of bitcoin mined is increased there are milestones that trigger a halving of the blocks. So after some predetermined amount of mining activity had occurred the blocks halved and only had 25 bitcoin per block and then 12.5 bitcoin per block and so on. |
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You should hope that the interest doesn't get higher. Any higher and it'll be tough to sustain. If they get too many people involved the interest service could be too much to keep up with! Be happy they're offering 4% and if you want more interest, deposit more coin! Just deposit a small amount to freebitco.
That's great as u got this 4 % interest plan. i hope can be higher but the most important is stable. ^^
I think u are the first faucet to do this one. well done!
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Sorry for my ignorance here, are these scripts the code to run a faucet or the code to run an automated session of continuous "rolls" within a faucet?
Thanks.
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Talk to your family, friends, neighbors, coworkers, and shopkeepers about Bitcoin... and not in a "it's going to the moon" sense but in a "whoa, this new technology is cool, have you heard of this? Do you use this?" Ask shopkeepers if they accept bitcoin for payment.
Oh, and don't worry about the price fluctuations and try not to get too swept up in the alt coin scene (must of them are rubbish).
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Yes, imagine that I opened a request order, it is open now and I set it to receive XXX BTC, but I don't deposit, I let it open, and after some Years I finally use this adress to make a deposit.
Is this possible?
Yes. Anyone can send bitcoins to any address at any time. It doesn't matter when the address was displayed by your wallet. However, in order to spend any bitcoins sent to that address, you will need the private key, or the seed that generated the private key. I assume that any wallet that displays an address will save the private key to that address. It would be very bad if it didn't. But once the coins are received by the destination address the transaction is closed. The OP is asking if a request for payment can remain open indefinitely. To the OP, give us a scenario where this would be a useful option for a transaction? |
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You need to revise the poll, it's not working.
I had to look up what this is. Interesting stuff, i get where people are coming from. For me it's a: No.
I mean, no relationship at all? So no sex? No fun? You can engage in enough relationship to lead to the fun you need (doesn't have to be sex I suppose), but without the commitment that leaves you feeling prey to the inequality you believe exists between the sexes.
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In theory it'll be yours forever.
The only exception is if your wallet is with a company (e.g., Coinbase, Circle, Xapo, etc.). Any of those company's can go out of business, and if so you'll lose that wallet when they do.
You know that you can have your wallet forever if you have the private key (along with the public key). The private key is proof of ownership.
Now Coinbase and other bitcoin "banks" are fine, they're good, they're convenient. People will say "if you don't own the private key to your wallet, you don't own bitcoin." Technically this is true, you just own an IOU from the bank. BUT, the same applies to every single bank in the world. Your Dollars, Euros, Pounds, etc. aren't literally yours unless they are in your physical possession...like stacks of cash in your home. So, don't let that hype worry you.
Edit: Wait, are you talking about a transaction? Where would you write a transaction and not click "send"?
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Hi. I'm happy to elaborate...just sent you a personal message. If anyone else has questions, please feel free to send me a personal message. One last thing, there is one "wallet" that's paying interest on deposits. I put wallet in quotes because it actually started as a bitcoin faucet, so no one thinks of it as a wallet. But you can deposit your coins to this faucet and they will pay interest on your balance, daily. The interest is at 4% annually...so better than what's available in the fiat world. PM me if you want more details.
Thanks for the link  I'm not sure what a faucet is though, elaborate? |
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Live, damn it, LIVE! Because you will be quite, quite old.
By that time the future of bitcoin will be certain...with halving the block sizes will be so small that we'll have been 95% mined for a long time. Bitcoin will either be thriving with some level of community direction looking out for evolution of development that needs to occur to keep it going OR Bitcoin will be dead and found in the history books and in Casascius coins kept at museums and in people's personal collections.
One concern that many people have is what the transaction fees may grow to at that point. I think this is a worry of today, not tomorrow. Largely because I believe the work the miners are doing to verify transactions can be automated through the blockchain. Like most things in our world, when it's not longer beneficial to be done by a human we find a way to automated it. Look at the postal service vs. email.
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The time spent earning 200 satoshi per hour IS a waste. But Freebitco.in is offering 4% annual interest on any balance kept with them - be it earned through their faucet, won through gambling, or deposited there as savings. The interest is paid daily.
To not participate in this interest bearing account is foolish.
This is more interest than is being provided via any fiat-based account and it's a realistic amount, which means Freebitco.in isn't going to flee with the funds. They have far more to gain by offering this service to generate more business.
If you need a link, see my profile.
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There are a lot of different types of a wallets, each different type offers different benefits and drawbacks. So to ask which one is the "best" won't get you a good answer. There's hardly such thing a single "best" wallet. It depends on balance size, your use for bitcoin, your interest in level of management of your wallets (do you want to be your own bank), and your personal threshold for security. Instead of asking us here, check out this site to help you choose your wallet: https://bitcoin.org/en/choose-your-walletThere's more information out there on each, but this will help you narrow down the choices from the universe of options. One last thing, there is one "wallet" that's paying interest on deposits. I put wallet in quotes because it actually started as a bitcoin faucet, so no one thinks of it as a wallet. But you can deposit your coins to this faucet and they will pay interest on your balance, daily. The interest is at 4% annually...so better than what's available in the fiat world. PM me if you want more details. |
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Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding.
Are central banks losing control?
I may be splitting hairs here, but I don't think it's the central banks that have lost control, it's the government's the central banks support that have lost control. The central banks aren't doing the spending, they just have to react to the spending and the consequences. Governments need to stop spending so much money. Every social service doesn't have to be made available to every citizen. Citizens need to understand the consequences for not earning their own way through life. |
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What if you drop your cell phone in some water? Will you have lost everything?
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if someone pays a way to high fee like in your examples, then they most likely use a wallet where they could pick the fee by themselves and made a mistake.
Which wallets allow users/owners to set their own fees? Thanks to everyone for the helpful answers. I love the education! |
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you will nearly definitely be fine, especially if you don't have that much BTC.
How much is "don't have that much BTC"...and are you referring to balance per transaction? |
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