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yh, op post was a mess. yes, if you mean this, then faucets used to give a lot more bitcoin, subject to the price level. this was more the case when bitcoin was 90, rather than 1000, or even now. i remember a faucet that gave .01, one time (you needed a unique telephones number) I would kill someone for access to ths faucet now


if you want to relive the glory days of faucets giving out decent amounts of free money, look at using an altcoin faucet with promise. you will get paid pennies, but if you hold, those coins may become much more valuable later

Its retracting, rather than correcting in my opinion. While I called for months for a major downtrend immediately after we crested 10K, I was incorrect. We did dip, as people did take profit as I predicted, but the volume suggest that folks actually held. not enough volume to indicate a major inflow of fiat (new investors), and the price crested 10k at different times in different markets (people actually started adopting bitcoin more in India, they were some of the first exchanges to hit the all time high).

It might go up even more than this, I give up on trying to call it a t this point. but I still promise, this is going down in a serious way.

At the current price level, the absolute last group of investors we will see come into the fold is the old money institutional investor. This set is exemplified by Jamie Dimon and company.  These guys know a bubble when they see one (having engineered quite a few themselves), and would seemingly be reluctant to purchase at this peak level. There is too much risk of it retracting. We may be used to sudden devaluations, it is ok in our economy because in the short term, their trend will most likely reverse. Institutional investors usually represent pooled funds; there are few shareholders with an appetite for that much risk.

they would invest independently, outside of the fund.

Oh, this is already in progress. We are a victim of our success with the price. These price levels are great for the wallet, but growth like this is harming us with with being unsustainable, and with the effect on the fees. The congestion in these times (price spikes with a lot of media coverage) exacerbate the fee situation even further, making folks compete with increasingly higher bids for fees.

ETH is poised to take the "practical economy" away from BTC, in my opinion. Lower fees, much faster, and the ERC token economy is fostering an amazing amount of adoption on that chain.

We need to innovate, or fall behind.

Use the real life job in order to purchase bitcoin. You wont really earn a serious amount of value with the traditional passive methods of earning bitcoin for free (faucets and this forum, basically). Consider getting a job that pays in bitcoin, this is like mining with your time. with that being said, it is very easy to work online, and you need to be decently skilled in whatever you choose in order to make a wage that is more efficient than again, getting up and working out of the house


also, there are disadvantage to have a bitcoin salary. even of you are pegged to a fiat rate, a bad week (hell a day) and your paycheck will be worth much, much less than you calculated for you budget.

Consider the distribution of bitcoin, and the reasons why different classes of actors would hold.

A. Someone that purchases bitcoin as an investment, from an affluent country. since this is an investment, and not a wage, this person is likely to not spend the coins. they most likely have a different income stream,  that they are using to purchase bitcoin (and will continue to do so as long as we uptrend). is less likely to be a weak hand, especially relative to when they purchased.

B. Someone from a less affluent country that is receiving a bitcoin or cryptocurrency wage. this person is way more likely to convert the bitcoin to a fiat, in order to realize immediate value. they are not incentivized to hold at all, that income stream is required for survival. Is more likely to be a weak hand; sudden devaluation could mean lack of value essential to live.

And to be honest, there is not too much in the way of vital goods that you can purchase with bitcoin. just consumer goods.

the price man. look at the price  


apparently, its all you need nowadays. i say that because the community is helping participate in this price rally, despite the fact that we know better (the Foundation is in turmoil, the forks, etc). So price is sufficient of an argument; these rates of return are damned near unheard of.

truly, as of late the most likely news one will have encountered as a non bitcoiner, is the price. Its not always positive news (observe the latest and daily fud from the banking cartel). but its news, and even through the wall of media that president Trump represents, the recent boom in bitcoin price has kept it in the headlines.

work from the easiest angle

While this does indeed affect me a touch (I use CB but I dont keep significant value on it), it is a bit of a generalization to say that this would affect the entire sphere. alot of the old heads would never even dream of sending coins to Coinbase, its centralized This isnt really a right the American citizen can reserve reasonably. If this were any other financial instrument, they wouldnt even have to ask for your records, they would have already been submitted in accordance with AML/KYC regulation. Just like a bank, I actually expect CB to voluntarily submit things like this. A lack of regulation shouldnt make a hole for criminality.

Amen. Mickey Dees entire model is based off of the fact that the average customer spends less than 10 bucks on a meal, and spends less than 5 minutes through the entire ordering/payment process. bitcoin is so unsuited for this purpose it hurts. the average order would have the customer paying 50% of the purchase price as fees, additionally. It would be impossible to order a Big Mac, the freaking fees would actually be more than the Mac itself.

the times dont help too much either. this could possibly work with DOGE, or LTC (retarded fast confirms), but BTC, ETH even, I dont think so.

to be honest, a small group of actual elites could completely corner the market on bitcoin. this has hapened before, in traditional insdustry with way more mundane things. look up the sumotumo copper affair, and follow the related Wikipedia links. Its a pretty interesting dive.

the less considered vector of attack by a whale group, however, is if they have the common sense to invest heavily in mining. for making a better miner, then funding the production of said miners, they could corner the mining market specifically, and dominate the network with superior hashing power. this would cost so much less to do than manipulating bitcoin price; why waste money changing the price when you can simply control production?

Greed, pure and simple. or at least "profit motivation".

It used to be a lot harder to purchase bitcoins. besides lbc, you usually had to wait a few days to get your coins, when the price was even more volatile that it is currently. now its pretty much instant, and hassle free (coinbase integrates with ones bank account easier than I can send funds to an exchange to trade real stocks). I think that because of this very convenient liquidity, more folks are able to get in and attempt to chase the dragon. before, you had to understand the ecosystem in order to operate. now, and this is a good thing, we have made such steps toward user friendliness that its approachable enough for even grandma to buy some coins

this happened just recently as well, you may notice tether warnings on other major exchanges like hitbtc. the major tether wallet got hacked; dont know if they are going to fork or what (i think they can blacklist those coins at least, via their protocol. but to stay on topic, actually the price of tether can get pretty volatile on a regular basis. you see this on the smaller exchanges, where the liquidity isnt so great. im waiting for tether to release the ERC20 token they were talking about, an ETH tether, but I hold Nubits and NuShares as a USd peg, as well as vaultoro gold (relatively stable, all of these).

And give a big thanks to the 1WorldOnline team, many of you were quite liberal with my posting requirements   Please understand, you would have been disqualified under my normal posting requirements.  

Signature guys, you got away with a free pass. Be thankful.

Media guys, if you think I graded you unfairly, I offer you the chance to appeal (your opinion matters to me, I am not a mean manager. I want everyone to get some tokens!) Send me a PM. If you know you messed up, be cool about it   I have read each an every one of the media entries, and commented on how you got your score. If you see anything I missed (folks cheating, an incorrect score) please send me a pm, but be fair to your fellow participants. I want everyone to get something for the most part, if you followed the rules I ensure you, you will be paid.

Translation guys, congratulations (there are few of you). You all did a great job, I will contact you about additional opportunities, if I have not done so already.

Also, feel free to leave a trust score after the campaign has ended, and you have received your tokens. I appreciate your honest feedback, it helps me perform a better campaign  

Good job guys, you helped me conduct a successful campaign, and you all did a great job promoting the 1World ICO. Enjoy your 1WO, you deserve it! And I would personally suggest to hold on to these, this is an amazing project 

Actually, I marked them as dead because the links you provided did not click through (it is evident on the sheet). The submissions are in about 10 different languanges, I think Chrome can handle the Germanic charset quite well at this point  

I have updated your entries with the proper links, and scored your submissions. To anyoneelse with this issue, you have until Wednesday to submit the corrected links for me to review. Also, as stated make sure to register your account on the ICO platform, to ensure you can get your token distribution. I will produce the final count for the entire campaign BEFORE the end of the crowdsale. I want everyone to have time to review the sheets, and I don't believe in waiting two weeks  

PM me if you have any questions about the bounty campaign. You can usually reach me faster on Telegram, via @onceler. I'm very warm   Don't feel as though you are bothering me by contacting me. If you have any questions, please ask!

dude, you just dodge a big ass legal bullet

there is absolutely regulation in Texas that would require you to register as a money service business. basically, despite your best intentions, unless you conduct aml/kyl on each and eavery user on your platform, you cannot be sure that you arent facilitating illicit transactions. hence, you must institute a procedure for your company to do diligence on all your customers, or else you can be criminally liable if something does go wrong down the road (one of your users was laundering money, for example).

and atms are actually pretty regulated. pretty much the same as above; the machine will be doing the diligence instead of user submitted details.

Maybe you should sell physical bitcoins, loaded with coin, as a product

at this total network size, anything less than a dedicated mining device is ultimately a waste of time   you just wont be able to compete with a device designed to hash; your device is essentially emulating the same process. dont do this. besides being inefficient, using your device in this manner will degrade it prematurely. they arent designed for the load the emulation process puts on a non dedicated device.

this is pretty much a foregone conclusion at this point.

we talked it up to this point. to be honest, when it was first stated (around 2000-3000) it sounded ridiculous. it still is LOL. but it is feasible because we allowed the price to run up to this level, this early. besides concerns for sustainability, the potential risk of major retraction is just too great at this point.

so, we will certainly arrive at 10k. we will regret this decision I think; the bad press that will come from the retraction, if it happens, will be hard to shake for some time (they talked raw shit about bitcoin after MTGOX, it was almost like the MSM was making fun of us).

the bright side of all that, however, is that we will see 10k again, and the approach will be much more reasonable and sustainable. a permanent gain, instead of an illusory price floor.