I see as micro payments anything below one $, and I'd be happy to see them disappear. Come on, the blockchain will keep those transactions forever, and there's no need for this. I'd be a miner, I would simply ignore all smallish transactions, and I believe this is what they will all do, unless block size is raised.
If someone wants to spend a 0.0001 tx fee on a 0.00001 transaction they should be allowed to. But since that is not prudent to spend more on a tx fee than the transaction itself an altcoin could be the better solution for a micro transaction. If you want to send 10 cents use doge coin or something and that can later be converted into the all mighty bitcoin. |
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2.1 BTC has always seemed like a fair amount to me in regards to this question. 2.1 BTC makes you one in a million, which could be potentially huge if/when mass adoption occurs. For everyone who doesn't have it, aim for 2.1 BTC  one in ten mil. well actually, its about 1 in 700 :p It might not seem like much to us now, but just having 1 should be enough when you think about it. There are over 700 million daily facebook users; if bitcion went mainstream as the currency of the internet there's only enough for each daily facebook user to have 0.03 BTC and it's actually a lot less than that when you figure in lost coins and people hoarding coins. |
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I just started my faucet recently and it has not been profitable. The problem is that there are so many faucets you have to do something different to stand out and generate traffic. The one I just completed has high payouts, a dice game and a referral bonus. The traffic has been great, but I'm keeping ads to a very minimum so currently losing money. But that's not uncommon for new ventures. If you try to start a faucet and put your payouts low and load your page with ads so that you instantly start making a profit, you can almost guarantee users will go elsewhere and along with it your ad revenue. It's a bit of a balancing act. Good luck! I took some minutes to access and look at your faucet website and I discovered that it is not properly monetized. "properly monetized" I looked through a lot of faucets, and they are disgusting with pop-ups and so many ads it gives me a headache. My site is geared towards the customers and not padding my pockets by putting up so many ads that the site is nearly un-usable. I have to say that I agree with you, your faucet looks very clean without any ugly, obtrusive ads. I'm wondering if it would be possible to have the best of both worlds, a clean looking faucet, but still profitable through advertising in a non-obtrusive way. Thanks enternalgloom. That's my plan, I'd like to create a better faucet experience for the user but not go broke at the same time. I don't know if can, but I plan to find out  |
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Can you upload stats of the website and price.
Thanks,
Price is 0.003BTC per day.  You'll notice August 3rd, that was due to bots. I implemented measures to stop bots on the 4th and since then traffic is pretty steady with 1300 visitors a day. Analytics since the 4th after stopping the bots.  And currently right now 28 users online, with about 10 pageviews per minute on average.  |
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It's been pretty consistent lately. 1300 visitors a day and 20-30,000 page views per day.
Dice is currently down, I need to make some changes to the dice portion again as a user has found an exploit.
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I just started my faucet recently and it has not been profitable. The problem is that there are so many faucets you have to do something different to stand out and generate traffic. The one I just completed has high payouts, a dice game and a referral bonus. The traffic has been great, but I'm keeping ads to a very minimum so currently losing money. But that's not uncommon for new ventures. If you try to start a faucet and put your payouts low and load your page with ads so that you instantly start making a profit, you can almost guarantee users will go elsewhere and along with it your ad revenue. It's a bit of a balancing act. Good luck! I took some minutes to access and look at your faucet website and I discovered that it is not properly monetized. "properly monetized" I looked through a lot of faucets, and they are disgusting with pop-ups and so many ads it gives me a headache. My site is geared towards the customers and not padding my pockets by putting up so many ads that the site is nearly un-usable. |
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I think Gavin has his hunches as to who Satoshi is but I don't think he knows for sure.
He more than likely has met him and spoke to him IRL and didn't even know it.
Knowing Satoshi's real identity could be dangerous. Satoshi whether a person or group was very smart, and they are smart enough not to endanger others by letting them know who Satoshi really is.
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I've thought the same with the blockchain debate and the rise in fees. It made me angry because bitcoin was supposed to allow micropayments online, and now it won't be possible. After a while I became comfortable with bitcoin becoming the "store of value coin" the gold-of-coins and allow an alt-coin like litecoin to handle the micro payments world, that wouldn't be so bad I suppose.
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Depends on the expected adoption.
1 btc will be enough. but 21 is my goal for get to the 1 in a million club
Don't kid yourself! You and everyone else knows after you hit 21 coins, you'll still continue to accumulate more and more! When I started, I said my goal is to have 1 full bitcoin. Then it went to two, then four and so on. My goal now is to keep accumulating, there is no magic number anymore. |
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Ha, yeah. I have text messages as evidence and screenshots. Also have receipts and text messages for the money transfers. Also I live in nyc
You should be able to file a lawsuit against them since your are in NY. Just make sure you have good documentation because it might be difficult for a judge to follow. BTCjam started collecting and sending defaulted loans to legal, so could you. |
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Op, you seem like a reasonable man, and yet you really think 10.000 satoshi is worth something? You realize that opening post you wrote is worth probably more than 10 times 10.000 satoshis?
Please stop acting like faucets can give you anything more but dust. Only person who profit from faucets are creator and maybe referrals, thats it.
OP wasn't talking about 10,000 satoshi. Freebitco.in rolls a random number and if it lands on 10,000 then you get the jackpot prize, which is well over 10,000 satoshis. His post said he won the 4th largest possible which was 74,000 satoshis. |
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Why are you announcing your site before it's complete or even up? Not a very professional start. If this is a BTC coin tumbler you are posting in the wrong section... current Btc in cold storage is 5.236 Btc
Do you think that will be enough, seems like you would run out quickly and only have 'dirty' coins after a week or so. your coin is 100% safe
Why would you say that?  |
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Down to 261 haha. Ridiculously thin orderbooks. Time to go cautiously long.
Now wil you admit it was a good call  Who said there isn't ta for this ? We're headed straight for weekly support levels after failing to break 300 AGAIN and breaking the intraday support which was at mid $270's 270 was the previous support, with that broken who knows how low we'll drop. Will that 1,600 wall on finex hold? Are we headed for the low $250's?  |
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Fake or real wall we got on finex? 1,000 plus coins, looks like a solid wall, but who knows, it might get eaten away or pulled.  |
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I have no plans on ever using a brainwallet when there are much more secure ways to store my coins.
If I did decide to use one for some crazy reason I would include a salt and a separator symbol.
"Im@b34v3r^how^much^wood^could^a^woodchuck^chuck^if^a^woodchuck^could^chuck^wood"
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I'm not sure I understand the point or purpose behind this?
Like mentioned above, there are already many many many altcoins that have tried to do the same.
There can only be one bitcoin.
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You could lose it all. It could also be a great way to store money. There's definitely risk involved OP. You will hear(read) this again and again from bitcoiners when asking questions like this "only invest as much as you can afford to lose", it's still an experiment after all.
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I was surprised it ended up being target 1. $270 seemed like a stable bottom that we wouldn't break, what will happen next? Back up, further down or will be move sideways for a while? I guess you never know with bitcoin!
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I used to run a full node, but I was running it on my laptop that I use for everyday things so it became to inconvenient to keep it running. It made things sluggish. I'll boot it up ever week or so in order to sync the blockchain to my computer because I like being able to use bitcoin core for things, but I don't run a node anymore. So I selected "it's inconvenient".
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