Junk bond derivatives are the biggest bank investment, scam and theft.

This is the definition of a confirming house.

A confirming house is a specialised UK agency that purchases and arranges the export of goods on the behalf of overseas buyers. They finance the movement of goods into the country by offering short-term credit to importers and guaranteeing, or confirming, payment to the suppliers in the suppliers own domestic currency.

You could make an extra profit by buying goodsthat are local to your country, and exporting them for Bitcoin payments. Maybe you shouldn't offer the credit though.

My post was based on my belief that an SPV miner doesn't verify transactions, but relies on the fact that "full" miners and full nodes do the job for him. This is what I meant by "cheating" the system. Have I misunderstood the system. As blocks become harder to find, they will need to increase in size as traffic increases. I was suggesting that an alternative way to reward those checking transactions could be beneficial. Without block discovery, it may not be possible though.

Thanks once again for the comments and advice. I don't think of Bitcoin as an income source in its own right. It has some unusual features that I want to use for various purposes. These are -

Part of a diversified investment portfolio
A verifiable means of collecting charitable donations
An international payment method
A means of accepting payments for internet sales

Obviously there are many more useful advantages ro Bitcoin.

It looks as if I owe Moonbitcoin an apology. They did update my Satoshi awards at a far better rate, and it looks as if it was in accordance with the promise on the site. They have also sent me a payment without any prompting or chasing.

I still don't understand the business model. I seemed to earn more by not visiting the site, than I got by visiting the site. This seems to be the opposite of what I would have expected. The earnings rate is pretty low, so I don't think I wil lbother with any other faucets.

At the moment the miner gets the fee. I think that the guy who verifies and confirms the transaction should get the fee. In some cases this is the miner, but some miners are not confirmining transactions to try to grab a block quickly. They are essentially cheating the system, and shouldn't get the fee. If full nodes were able to confirm the transaction, then they should get the fee. This would help to keep bitcoin decentralised.

This would reduce the quality of recycling/reuse. It is better to allow small scrap metal processors, and repair services to process unwanted electronics, rather than just running them through a frag machine. Family units are better at dismantling things like microwaves for the copper and other metals. It becomes uneconomic if you have to pay staff for the dismantling.

Promote the use of Bitcoin for charity donations. The open blockchain allows people to check that their donations have actually gone to the charity, and not been redirected by some collector.

I think users running full nodes should be given some sort of small reward for maintaining the integrity of the network. This would increase the number of full nodes, and make the Bitcoin network more secure. Maybe the transaction fees could be taken away from the SPV miners and shared between the nodes (who are doing the verification work).

Are you suggesting that the blockchain is stored in a cookie? (not a serious suggestion). If it was run in a plugin, then would it use port 6333 still, if so, all you seem to be doing is to ptovide an html front end imho. Storing the blockchain in the cloud could allow it to be shared, but that would create further problems.

The multitude of vulnerabilities in browsers are well documented.

What would be the advantage?
How would you handle the potential vulnerabilities?

This was PayPals old trick. You claim some breach, either porn buying, or trading with a dodgy account a couple of links back in the chain. PayPal then takes the money and adds it to their p&l account. Find out if the bank is supposed to be sending you cleared funds, or if it is allowed to reverse a bona fide transaction. PayPal payments are only a loan for 6 months, as they can reclaim a payment at any time during the temp period. ( unless they have changed the rules).

It seems that it is a new command to obtain unconfirmed transactions. I've got a node that is using me to processthis command, and I understand that it is still under development and not fully tested. This raises 3 questions inmy mind.

How is it that new and untested commands are added to the network?
Are there any security implications in its method of introduction?
Why is it needed?

Just a quick update on this.

Thanks to the advice on this board, I started to claim Satoshi, and I reduced the number of visits to the site. This has now taken my credit above the level required for a payout ( 5,500 ).

Thanks again guys for your advice.

The way to beat PayPal scams is to avoid using PayPal. They have a long history of scamming members, and of supporting scammers and thieves on Ebay.

America did the sowing, Germany is just doing the harvesting.

I suspect that xapo won't make any difference to the amount you receive, it just introduces another player into the mix.

It looks as if I didn't understand the business model of faucets, this seems to have been the problem. In fact it is counter-intuitive, and doesn't seem to be the most productive system. But I guessthe payouts are so small that it has to be a little different. It seems to have lots of potential if one forgets about it as a direct revenue source though.

They use the Cesidian root for their TLD.

I tried to find the price to compare it with XE. It would be interesting to know how they calculate the price.

The price rise is probably due to possible bank crises, war, lack of r and d by corporates, excessive debt, consumer awareness. fraud by banks. mild weather causing early spawning by frogs, and loads of other factors.