Mellowads is good for promoting gambling programs. There are some websites listed on mellow that are not faucets, you can try advertising on them. Apart from that a-ads does have gambling niche traffic. You can also try, http://coinreferrals.com, it is a downline builder site so you might get some referrals, banner advertising starts from 0.0003 BTC/1000 impressions. And then there are bitcoin oriented blogs with custom advertising rate, but they do have high conversion rates.

This list contains a few projects built using blockchain, https://due.com/blog/101-top-blockchain-companies/

This is a mixed list, but contains blockchain projects built using Ethereum platform, https://en.m.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects

I do not know about the technical aspects of building a blockchain project, but do know that you can use blockchain simulators like Ethereum testnet, multichain, openchain, hyperledger, bitcoin testnet to test and try your blockchain project.

You wanted to know why government want to launch their own cryptocurrency. Gave two reasons.


Why would government want to implement blockchain technology into their financial system?



I guess this is about the involvement of banking system with cryptocurrency. How do you think a centralized cryptocurrency would work? Through banking system only. It is cryptocurrency because it is using distributed ledger/blockchain technology and digitalized tokens of fiat. Without involving banking system it would be just another decentralized currency like bitcoin.

Not fantasizing. I did not make any claim, it was just a question, a hypothetical one.


Time taken for transactions, transparency, system resilience, and reduction in cost of record keeping. All this is implemented into the existing fiat system by making it digital, guess it would be enough to "upgrade" the existing fiat system to make it more efficient and effective. Hope my explanation is satisfactory.

There could be two reasons why a government would want to launch their own cryptocurrency:

1. To limit the usage of bitcoins by their citizens.
2. Solely because they want to upgrade their financial system through blockchain technology. They know it has future and are well aware that this technology could be implemented in many fields, what better place than to launch a cryptocurrency.

https://www.cryptocoinsnews.com/singapores-central-bank-tokenizes-dollar-via-ethereum-blockchain/

Singapore tested digital dollar via private electrum blockchain.



Credit/debit, ATM, and other online payment options could be termed as electronic payment systems but from electronic to fully digitalize fiat, government needs cryptography/blockchain technology. Would it be similar to fiat? Yeah, centralized and it would share some major properties with fiat? Would it be similar to cryptocurrencies? Yeah, if blockchain technology is involved then there should be some similarities.

Most of the countries are going cashless now. Paypal is centralized, but still it has a huge user base solely because majority of people prefer convenience over being anonymous. A government backed cryptocurrency would get a lot of media attention + if it does have cryptocurrency properties then ease of access and quicker transactions would make it more preferable than credit/debit card + if it is available for day-to-day use it would get popular.

This is just simple logic, bitcoin is decentralized and the other centralized like fiat. People who want to use a decentralized pseudonymous currency would always stick to bitcoin and those who are using fiat might see a government backed cryptocurrency as something superior than credit/debit cards or other means of online payment system.

So in short, government would just be upgrading its financial system through the launch of its own cryptocurrency and it has no direct correlation with bitcoin, but indirectly it might slow down bitcoins growth to a small extent.

1. When you import an address with balance a fixed amount of fee would be deducted to transfer it to main balance. You cannot change this fee. This applies to all addresses you import.

2. Once you have transferred all the balances from imported addresses to main balance then again you have to pay a fee to transfer it to another wallet. Here you can choose your own fee, regular, priority, custom based on bytes.

For example, if you have imported three addresses, you have to pay fee four times, 3 for transfer to main account + 1 for transferring all balance to another wallet.

Another flippening post.


Would Ethereum's market cap surpass bitcoins is not important. If it did then it would become the biggest cryptocurrency in terms of cap, but most valuable and most important? Nope.

Currently there are 16,394,462 BTC (max 21,000,000) and 92,536,226 ETH (There is no limit, a constant amount of ETH will be mined forever) in circulation.

The current circulation of ETH is more than five times of BTC, but value is 1/7 of a bitcoin.

If tomorrow someone launched an altcoin with a mximum supply of 99,999,999,999 and even selling this at $1/coin would take its market cap to 99,999,999,999. Does it mean this new altcoin has become the most valuable, and most important cryptocurrency? Nope.

ETH's increasing price, trading volume and market cap could be summarized as simply as, ICO - tokens - using ETH to buy tokens - expecting to make it large if the ICO succeeds. ICOs are booming and some of the existing ICOs are doing really good. But on the downside many instances of ICO fraud has been reported, marketing it as crowdsale or donation makes it regulation free.

Since Ethereum is entirely dependent on ICOs for its growth and if some prominent ICOs scam/collapse ETH would come crashing down. Whereas bitcoin is entirely independent and scarcity makes it the most valuable and important cryptocurrency.

Hey bro, so finally started your own faucet, looks good, bitcoin and blackcoin. I saw you had applied for Bitmedia, but I do not think they will approve it, they have weird site approval rules. Also do apply for cointraffic, you might get approved and adding a floating coinzilla banner would not hurt. Good luck bro.

India is way too conservative about a lot of topics, same sex marriage tops the list and it is illegal.

I personally do not have any issues with that, broadly nothing against people of any sexual orientation. I was reading a book by David Baldacci and the antagonist is an androgyne. This summarises the plight and anger of people who are unfortunate enough to be born different than the majority.


Personal reasons for hating same sex marriage is understandable but bringing religion into it seems somewhat over the top, unless that person follows each and everything written in their religious book.

Bitcoin demand was there in India since 2013, around this time RBI took a stand against it, but the note ban just increased the demand. The way government is handling things, it looks like they are going to go too hard on regulation. About a week ago bitcoin was dissed as a currency used for money laundering and illegal activites by a couple of ministers in the parliament with the statement that the regulation process would go hand in hand with cracking down illegal activites involving ponzi/pyramid schemes. Based on all these a report would be submitted by the end of July and then the government would decide if bitcoin needs to be regulated or not. The whole process would take at least more than a year.

Most Indian bitcoin users are just in for the speculation. Even with a 30% premium, Zebpay was breaking all volumes. Unocoin has partnered with a handful of merchants, but there are no major stores accepting bitcoins in India.

It would have been more helpful if you can tell what your website is about. Is it a blog? I guess you do not need bitcoin targeted traffic, but want to buy website traffic for bitcoin. And it should be from US. I am assuming that it is a blog and if you need adsense friendly traffic you can use fiverr or seoclerks, but the problem is fiverr stopped accpeting bitcoin, but you can use bitcoins on seoclerks, https://www.seoclerk.com/Traffic/11673/5-000-REAL-Human-TARGETED-Traffic-From-USA-Or-Other-Country

Hitleap or other bot traffic are worthless. If you do not want paid traffic use manual traffic exchange. Also search something like this, "targeted website traffic for bitcoin"

How did this guy just formed the opinion in a 1000 words article that bitcoin is complete garbage? Kudos to his thought process. He has put minimal effort, no research on conveying to the readers why he thinks bitcoin is garbage. +1 for the volatility point, but it is a part of bitcoin, the price tends to fluctuate, but as the market cap increases, the prices would be much more stable, https://www.buybitcoinworldwide.com/volatility-index/


Now bitcoin does serve these two purposes, but its entirely not the heart of its working model. Why would Japan legalize bitcoins if it were used only for gambling and money laundering. Why companies like Overstock, Microsoft, and Gyft and many other opt for bitcoin payment option if it were used for gambling and money laundering only.


Absolutely.

That is not true. It started with pizza and now you can buy elctronic gadgets, steam/video games, book tickets, restuarants, aviation/travel and then there are many more things you can buy using bitcoins, but most importantly you can use websites like eGifter or Gyft  to buy gift cards which you can redeem at Amazon, BestBuy, and hundreds of other popular retailers (gorcery shopping included). Yeah, if you want to buy groceries from your neighborhood store then it might not be possible at this time, but it would be once local merchants start realizing the full potential of bitcoin. The so called shit has evolved a lot in the last 9 years.

One of the characteristics of bitcoin is its volatility which is one of its biggest problems also, this uncenrtainly over price is why some people avoid it.

Bitcoin volatility will match major fiat currencies by 2019. This is from October 28, 2016. Comparing with today, there will be difference in stats, but not much.

http://woobull.com/bitcoin-volatility-will-match-major-fiat-currencies-by-2019/




Bitcoin Volatility Index

https://www.buybitcoinworldwide.com/volatility-index/

Last 60-day estimate - 5.32%
Last 30-day estimate - 4.11%


So it is safe to say that bitcoin would become less volatile in the coming years.

Right now the fee is an issue for small transactions. The scaling/fee issue would probably get resolved in the next couple of months.

Hope it would not take another 9 years for you understand the point of bitcoin.

So BIP 148 would be activated on August 1 and with Bitmain's latest announcement, https://blog.bitmain.com/en/uahf-contingency-plan-uasf-bip148/, the chances of a chain split is high.

Some of the prominent companies like Bitfury, Trezor, Electrum, Mycelium etc have expressed their support for UASF, http://www.uasf.co/

What does the Indian exchanges think about this? Are they in favor of BIP 148?

This is Zebpay's position on UASF, https://blog.zebpay.com/zebpay-users-and-uasf-dadf93e5ca3b

I use different wallets because:

1. As a precaution. Handling all your transactions with just one bitcoin address is too risky. Since I use online wallets only, the risk is high, so different wallets on different wallet providers.

2. Fee. Too many small transactions to a single address will pile up the inputs and end up with a high fee for outgoing transactions especially if you are using a blockchain wallet.

3. Fee less transaction. Xapo to Xapo, Coinbase to Coinbase.

And just for fun a couple of custom personalized addresses.

Even now all transactions are visible on the distributed ledger. Master key. Really?


Guess this is where they need the key to access centralized blockchain to grant permission to authorized users only to record, process, and verify transactions.


Bitcoin was created solely to get rid of the banking system. And now they expect it to team up with them. Ridiculous.

If the banks want to try, test, and implement centralized blockchain technology on their banking operations, it is good for them, but they would not be able to enforce it on bitcoins.

IMO August forkers are defintely offering something better than what Bitmain announced. Yeah, BIP 148 is an aggresive way to signal Segwit, but the point is Segwit gets activated. Bitmain is just fooling around, after Segwit2x, another gig at stalling the progress.


Now or later Bitmain just wants to push Segwit through a hard fork to make it compatible with ASICBoost. When you are making around extra $100 million per year by mining, hard forking and mining your own altcoin does not seem like a ridiculous idea.

I guess Jihan Wu just added more support to BIP 148 and pushed the miners who were uncertain about BIP 148 to accept it wholeheartedly. There is still enough time to get a majority and activate BIP 148 without splitting the chain.

That depends on the website that you want to promote. If it is microearnings related, faucets, PTC sites etc then advertise on other PTC sites, some PTC sites have their own custom banner space or opt for mellowads, coinzilla, a-ads or ppcadmedia.

If it is related to gambling, cloud mining, HYIP, mellow is good.

You can also try Runcpa if it's a cloud mining website.

I would not recommend Coinad for banner advertising. Many advertisers have complained about fake impressions.

Yeah, the current situation is definitely making bitcoin unusable for smaller transactions, around 10 to 15% in fee and if you are sending $20 or $200 the fee is the same in bytes.

The developers and the majority wants Segwit to be activated, but it could be done by two means and this is where the problem starts. BIP 148 would activate Segwit without much cooperation from miners and there is Segwit2x, Segwit + 2 MB block size increase.

Segwit2x (hard fork) would start running from July 21, https://segwit2x.github.io

BIP 148 would be deployed on August 1.

Both of them have a the same agenda, to activate Segwit, but they are not compatible with each other. And a collision between these two would split the chain.

It is highly likely that BIP 148 would be deployed on August 1.

The fee is an issue and would be until August 1 and if the chain splits fee would not be the only thing we would be worrying about.

Now there are many hodlers among us Is the practice of holding bitcoins good or bad for it's growth?

I had recently come across a statement that bitcoin is a settlement system rather than store of value/digital gold and holding bitcoins is somewhat making it accessible to rich people only.

Arguments in favor of hoarding bitcoins:

1. Since bitcoins are limited in numbers, holding would obviously increase the demand and thus the price.

2. Bitcoin as a commodity/hoarding, as a currency/spending. So once the price increases, what we earlier bought for 1 BTC can buy it now for 0.5.

3. Merchants would prefer BTC over USD. (In the hopes that prices would increase)

4. Bitcoin is divisible. Everyone cannot own 5 or 10 BTC, but still holding on to a few satoshis would be profitable in the long-term.

Now there are some arguments against holding:

1. Deflation.

https://en.bitcoin.it/wiki/Deflationary_spiral


2. If the elites gets hold of majority of bitcoins, the demand and price would be high, but since the common man would not be able to afford it, demand decreases, elites dump, price crashes, common man buys some, market stabilizes a bit, and elites buys back more. It kind of becomes a centralized holding affair.

3. Rather than hoarding, an environment where bitcoins are more used as a mode of payment for buying goods or services is more beneficial for it's growth.

So what do you think, is hoarding bitcoins good or bad for it's growth?

Edited the poll.