This is about a web advertising system that enables websites to earn Bitcoin with their web traffic.

Bungeebones.com is a software installed on websites that enables the aggregating of their web traffic while also providing them a shopping cart to sell that aggregated traffic to outside sites for Bitcoin income.

BungeeBones is a different type of web directory software. The software enables the CREATION of the product. Without the software the product is never created and the traffic goes to waste. How? Everyone that goes to a website eventually leaves yet many websites do absolutely nothing to market that exiting traffic. BungeeBones offers another way besides PPC to monetize web traffic for a web master.

Bungeebones is an innovative way to use Bitcoin in commerce. BungeeBones asks website owners for their web traffic as an investment, and offers long-term, Bitcoin earning potential in return.

Tell me where's the scam and I'll remove it from my program?

Bungeebones.com

1) Advertise for free on my site (every other participant chooses whether to advertise "freebies" or not)
2) Get a complete (with categories , links and management) web directory for your website - FREE. In other words, install it and forget about it.
3) Whether your web gets one visitor a month or a million, everyone gets the same opportunity to sell/market the product created by co-operation (i.e. web advertising)
4) A sale to a web advertiser nets you 50% sales commission EACH and every time the advertiser pays - month after month, year after year if that's the case


So far, no multi-level involved but here goes ...

5) Since every advertiser in BungeeBones.com owns a website, they are a prime candidate to add a directory to their site too, add traffic to the network, make sales etc.  If/when that happens the site it registered at becomes what is known as "the prime and procuring cause of the recruitment" and it earns a 50% commission of the remainder of the payment (month after month, year after year) as an over-ride commission for recruiting.  Note they don't get PAID FOR RECRUITING but only on the sales of the recruit.

My step 5 is what creates the multilevel situation. If step 5 and multilevel are a scam then morally I should remove it and keep the recruiter's portion for myself (like Google does). So what I'm hearing the opponents of MLM say is that the way to appease the accusers is  by keeping the proceeds that would have gone to the recruiter for myself and not making it multilevel. And then the accusers would agree I'm not scamming them. But if I instead continue to pay the recruiter then its a scam?

Paying = scam
Not paying = no scam?

Seems the naysayers have it backwards, at least in my case.

I moved all my reseller accounts over from Surpasshosting (which I had been at for 7 years) to hosterbox.com because 1) they accepted Bitcoin and 2) they had more recent versions of php. No regrets so far.

Oh yeah, the transaction was handled by Bitpay and 'twas a breeze.

The Chinese hold 7% of the US 17 trillion in debt (1.19 trillion). If they ever got tired of holding US fiat and cashed it in for bitcoin it translates to $110,000 for every Bitcoin already produced. The dollar amount would have to be higher since some of the already mined Bitcoins are forever gone.

In my case, I felt morally obligated to make BungeeBones.com multi-level but started from the same beginning as the skeptics of it. Here's what made me go to MLM:

I had created my own script (a web directory) that can be installed on yours (and any number of other) websites that pulls its links and categories from my server. In other words, all the installs pool their traffic and their link subscribers. One advertiser gets listed in all locations.

Each location, in turn, gets to market the total traffic volume in the network (which is much greater and a better product than just the traffic their site generates). In return, they get a 50% perpetual commission (in Bitcoin) for each ad sale they make. No moral or ethics dilemma so far right?

But, uniquely, since every advertiser is also a prime candidate to add yet another web directory to their own site as well, and, if they do, they too start to generate sales FOR ME, then I felt paying an over-ride commission on their sales to the site that first registered them a requirement for my own conscience (since if they had never registered them and sold them advertising I never would have gotten them to add a web directory too and start making sales). The site that registered them was the prime and procurring cause I got them as a web directory installation site.

I did a lot of research into the difference between MLM (legal) and pyramids (illegal). As I understand it, the difference is that a pyramid makes their money by selling the membership or the business "opportunity" rather than a product like MLM does. So, in order to stay as far away from that line as possible I don't pay anyone for recruiting another web directory but only for the ad sales of their recruit. And I don't charge for the "business opportunity" either since the web directory is free as well as my management services of the directory are free also.

I hope that helps clarify the difference.

BungeeBones.com is both a way for those with a website to earn Bitcoin and a way to advertise a website.

Simple script, installation tutorials, brandable to your website ... all maintenance free and for no cost.It works in link exchange and web directory advertising like Bitcoin does in world currency

How about a multi-level, web advertising system that trades in Bitcoin only?

Bungeebones.com is a software installed on websites enabling the cooperation of websites to advertise each other AND outside sites for Bitcoin income.

I'm not a fan of it but the MLM set up was needed ... everyone that advertises is a prime candidate to add the software too. Why centralize all that?

MLM is perfectly legal, pyramids are not. What's the diff? MLM members gets more income from selling product than from recruiting ... pyramids get more money recruiting than from selling product. BungeeBones pays zero for recruiting.

What else is the BungeeBones diff? The software enables the CREATION of the product. Without the software the product is never created and goes to waste. How? Everyone that goes to a website eventually leaves yet many websites do absolutely nothing with that exiting traffic. BungeeBones offers an answer to the question that everyone leaving a website always asks ... Where to next?

Innovative ways to use Bitcoin in commerce is something sorely needed. BungeeBones asks for web traffic, and offers Bitcoin potential in return. The web traffic, in this case,  is the venture capital. Can/is Bitcoin desired enough to serve as a sole payment system?Your thoughts ?

BungeeBones.com provides a simple to install php script that will produce on your website a complete (with categories, links, and management) web directory completely branded to the look and feel of your own website.

This zero maintenance web directory for your site doubles as an ad sales shopping cart enabling you to sell ads to others in this network created by all the installations (i.e. when you add your directory, your traffic increases the traffic of the network and when someone adds their link - free or paid - it gets displayed on just about all the installations).

And since everyone who ads their free or paid link is definitely a website then they become a prime candidate to be recruited to add the web directory shopping cart also. If/when they do then they become your "downline" and earn you override commissions on their sales as well.

Bitcoin people are great and understand the concepts of money and what it is. Basically I look at web traffic going to your website as capital. Many small to medium websites do absolutely nothing with that capital as the only real places to sell it are in banner ads or Pay Per Click ads. I am asking website owners to invest that web traffic in a sort of crowdsourcing venture of this idea that consists of aggregating the web traffic from a network of small websites into a larger, more marketable block of traffic and for them to then serve as sales agents for that traffic on a commission basis. I am calling it an investment (rather than a way to merely sell traffic) because the returns for your web traffic can be long term because, as your downline grows and grows, the payment to you for that investment of your web traffic continues.

Prices are determined by competitive bidding so as the value of the advertising product you help create increase so do your commissions. Earnings are perpetual. Your commission is not just a one-time occurrence like PPC but each and every time someone makes an ad payment you get paid again and again.

What's the cost for this script? Absolutely nothing. This is an Adsense alternative and Google doesn't charge for its Adsense code so neither do I.

What are the risks? If you aren't doing anything with your traffic currently then little (just the time to install it and see the Google issue below). If you currently have banner ads on your site this system probably won't affect that at all. It gets placed on its own separate page on your site so all you old banners are still there. This is a one man show, so that could be considered risky. Also, Google has their panties in a wad because all the links you get from the installations to your website are spread to the whole network and that messes with their algorithm. They send some users nasty warnings but they don't detect everywhere your site is listed. I recently added the option of adding a "nofollow" tag to your site's listing in the directory for those that have something to lose in their Google ranking. Hopefully the nofollow tag might get Google off your case but 'tis too early to tell. I don't ever give out email addresses and don't spam. In fact, a major reason the site has lagged is I never email anyone. That is probably going to change though so you might expect four or five emails from me eventually.

The website (BungeeBones.com) is 99% complete. I still have to code a few report pages so web site owners can keep track of who registers at their site, which of those pay (payment gets you better placement) and which of them added the web directory to their own sites and are earning over-ride commissions. Commission payments are by request and manual at the moment but am looking for php coding that can automate that.

I only recently converted the pricing and commission payment to Bitcoin. I did that not only because I think Bitcoin is the best thing to happen since the American Revolution for personal liberty but also I think this will keep me out of any legal crosshairs (at least I hope so).

So check out BungeeBones.com. And while there at least add your link for some free advertising. Hopefully you like what you see and read and you then add it to your website too.

The more expensive BTC is, the less useful it becomes.

I disagree. The price of Bitcoin has nothing to do with its use as a money transmitting vehicle. If I wanted to send $1ooo to a relative and Bitcoin was going for one million per Bitcoin then I would only need to purchase .001 Bitcoin to send it to them but if Bitcoin was only worth $100 each then I would need to purchase 10 Bitcoin. Either way they get their $1000 and at the same cost to me.

The price of Bitcoin only affects the traders and the savers

A list of financial market players that will be hit the hardest by Bitcoin would include credit card companies, Western Union, Moneygram and all the banks.

An idea occurred to me if one were to take the daily volumes transacted by all the credit cards, add it to the daily volumes sent internationally by Western Union and moneygram and perhaps some fraction of the amount on deposit with world banks and compare all that to the volume of Bitcoin you could start to get an estimate of its real value. I don't think only one day's worth of transactions in Bitcoin would be sufficient, though, so perhaps 3 to five days worth into Bitcoin might be closer to what would be need in the global transaction "slush fund". That amount doesn't include any reserves either.

All that money flowing through those inefficient system today will all eventually move to the more efficient one (i.e. Bitcoin). In order for Bitcoin to even handle the daily trade then each coin would have to rise in value enough to do that. I bet its a BIG number.

I always tout BungeeBones.com as an Adsense alternative and I just recently converted over to Bitcoin only for fees coming in and commissions going out

I am pretty sure I broke through the problem. I dug into Armory and found under Troubleshooting that Armory needs bitcoind. It's not clear if this is in addition do Bitcoin-qt or instead of but after installing bitcoind I started Armory and it found bitcoin

A minor addition - when Armory chokes at finding Bitcoin is running it asks "The Bitcoin software appears to be installed now, but it needs to be closed for Armory to work.  Would you like Armory to close it for you?". I always clicked "yes" but tried "no" to see what happens and it hen, still continues to report "Cannot Find Bitcoin Installation" even with it running?

I'm trying to set up Armory version .88.1 on Ubuntu 13.04. I originally got my Bitcoin.QT 8.1.1 wallet installed through synaptic and synced up. Had all these problems described below and updated to Bitcoin-qt v 8.3.3 without any change in problem.

With Bitcoin wallet running I start Armory and get error "Please Close Bitcoin-QT". Clicking the "Check Again" button I get reprimanded again for having QT running and it offers to close QT down for me. I selected that and end up in an endless error loop saying either "Can't find Bitcoin-QT or "turn it off" (a paraphrase)?).

I tried the equivalent "Close Bitcoin Process" button. The error "Please Close Bitcoin" is still there (shouldn't closing Bitcoin Processes at least  refresh this to remove the error message?). Click "Check Again" and get "Cannot find Bitcoin". ARRRGGGHHH, it found it the first time when it was running and made me shut it down?

I changed the Bitcoin Install Dir and the Bitcoin Home Dir locations in Armory Settings wizard to /home/online/.bitcoin and restarted. It still reports "Cannot Find Bitcoin Installation". I checked the Armory settings to make sure the new ones remained and they did. I start Bitcoin, let it sync back up and tell Armory to "Check Again" and I'm back where I was when I started "The Bitcoin software appears to be installed now, but it needs to be closed for Armory to work.  Would you like Armory to close it for you?".

Select "Yes" and it reports Cannot Find Bitcoin Installation" with a popup stating "The Bitcoin software still appears to be missing.  If you just installed it, then please adjust your settings to point to the installation directory.". An endless loop.

I also notice that when using the Armory Settings wizard for entering the location of the Bitcoin Install the form displays a path to the armory install that omits the "home" folder (in my case) from the path. If I try to emulate that for the Bitcoin address (as armory and bitcoin are side by side in the same folder) I get error of an incorrect path.

I thought it might be related to having imported a read-only Armory wallet so I removed it.

I also tried using the Armory (offline) version and using its "Revert" function to reset everything. I also tried renaming and even moving the hidden bitcoin folder to a visible bitcoin folder. Nothing is working. 

Help please!!!

I think a lot of the problem is our expectations of what Bitcoin is supposed to function as and part of that expectation has to do with its name - Bit COIN. I think the analogy to being like gold is right on but gold never comes out of the mine as coin. There are a number of necessary steps after mining such as assaying, smelting, refining and lastly minting that still have to be done. I don't think Bitcoin is quite "coin" yet. Soon, but not now.

Thanks, TradeFortress. I've still got 45 minutes on the download and will give it a try.

I'm trying a slightly different approach. I downloading the block chain by a torrent at http://sourceforge.net/projects/bitcoin/files/Bitcoin/blockchain/bootstrap.dat.torrent/download

but that opens another question. The file is named "bootstrap.dat" How do I get Bitcoin to find that?

I copied everything from the updated wallet... the blocks, chainstate, and database folders.

And I copied the debug.log and peers.dat files over. But like I said, if I use the peers.dat file from the updated wallet in the new wallet I get a fatal error

"A fatal error occurred. Bitcoin can no longer continue safely and will quit.

EXCEPTION: St9bad_alloc       
std::bad_alloc       
bitcoin in Runaway exception"

Use the original peers.dat file and I don't get error but starts at original block and never gets even one updated on from the network.

       

I would like to be able to install wallets on a large number of computers so I have copied a working wallet's block and data files to dvd.

I copied them into a new wallet but can't get Bitcoin to recognize them.

I've got all the permissions right.

But if I install the peers.dat file from the up-to-date wallet I get a fatal error. If I omit that file, with all the rest of the folders and files from the up-to-date version still installed, I don't get fatal errors but when it connects to the network it tells me I have 245,016 blocks to download (1644 days worth) when it has all the block chains to be within hours of being up-to-date.

Is there something I have to delete or change in order for it to see the new blocks? Is this even possible to do?

Thanks

So where can I download the source code from?