12% is better than you could've hoped for. If I was you, I'd take it.

Yeah, 10% seems fair to me. But you have already invested with Pirate. You'd better have a strong hedging instrument.

My name is not Jon.

It depends on what kind of trust you mean.

If you mean transactions, I trust the major exchanges (although only to a limited extent) and I obviously trust myself. No one else.

2.38/10
i smirked at the word shitcoin

Looking to lose even more than you have lost so far?

This argument is valid. I didn't look at it from this point. You've changed my mind.

To some extent yes, but the difference is that we (or at least I) don't participate in this forum solely for attention. I seek new thoughts from people who, I believe, are more intelligent or have a deeper insight in Bitcoin. I purposefully use an aggressive style to provoke replies and get as much information as possible.

Thank you all for your thoughts.
This thread has been very inspirational to me.

I mean .. he got about 40 dollars. Christ, how is it worth writing about? When he spends the money at a grocery store, should he write about it too?

It does not. The analogy is invalid, because a whole article in newspaper can't be compared to forum posts.
If he needs to write about mundane everyday things like getting/spending $40 dollars then he apparently doesn't have any interesting topics and should get a different job.

Do all writers write about tiny financial transactions? I doubt it.

He could've returned the bitcoins without writing about it. He's an attention whore.

Invalid analogy is invalid. But so far the best reply to my post.

Come at me, bros!

So.. after a short rebound, the price continues to fall.
At which point (be it time or price) do you expect it to stop and go up again?

Later we will see how good speculators you are.

oh look. he got 4 bitcoins!
...
so what?
why did he have to write an article about it?

This.
500k is bullshit.
Sure, he's got a shitload of btcs, but nowhere around 500k.

As far as I know, Bitcoin Faucet is funded by private donations of individuals who want the community to grow.
As for your idea, I think it is not bad at all. Many conventional sites (not affilated with bitcoins) make money like this. They make people click through a chain of subsites with ads. But since you want to use free mBTCs as an incentive you'll have to balance out money gained from ads and money given to those who click (you have to gain more than give).

I recommend you find something else to offer. I mean some sort of service useful for those who use bitcoins. The infrastructure is underdeveloped and there are so many things to improve. If you find something really useful for people, you'll make much money. Good luck.

Really? To be honest, /b/ brought me to Bitcoin so .. thank you.

Also rules 1 & 2 only apply to raids. /b/ is notorious for its antics, so there's no point in not talking about it.

No, they are not. They are of various social backgrounds and there is many of them. Even if you persuade a small fraction of them, it would be a good contribution to the bitcoin community.

What if Bitcoin gets replaced by another cryptocurrency. I think it is quite likely.

This is not a ponzi scheme, but rather a pyramid scheme (also known as a pyramid game). The problem here is that there is a finite number of people. Therefore one day, there will be customers who won't be able to find new customers. Even if the whole world's population participated in your business, one day there would be no potential customers left. And participants in the 'last line' would end up paying huge entry fee and getting nothing in return.

Whether it is illegal or not depends on the country of your residence, I believe. In the USA, for example, it is illegal. By the way, in my country this was common about 20 years ago and much lulz were had. Well... many people lost all their savings, but it was both educational and hilarious in a perverted way  

I hope I wasn't too harsh. If I was, please re-read my post in a calm and polite voice.

For more information, read http://en.wikipedia.org/wiki/Pyramid_scheme and http://www.ftc.gov/speeches/other/dvimf16.shtm

I've been thinking about 4chan, more specifically /b/.
I know what you probably think, but don't be biased. It is a diverse, global, multi-million community with rather anarchic nature. Someone with good "evangelical" skills should make a Bitcoin thread on /b/ and /pol/ every few days.

Julian Assange is Pirate.
He ran to Ecuador to escape all the enraged nerds who lost their bitcoins.
http://www.youtube.com/watch?v=kFV5hI0vqPs
This is him celebrating.

Then don't run around talking about a bitcoin scam to everyone you know irl. We've had enough of negative publicity. I wish those of you who got scammed would either effectively solve the problem or be quiet. But I think the exact oppositve will happen - everyone talking shit and doing nothing at all.