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honestly,i never hear about this,and this is shocking me  if america have debt as much like that,than from where they loan it?anybody can tell me?i never think before that a big country also have debt,and they also give some loan to other country,it cannot believe..  At the moment they borrow it mostly from American pension funds and some bond funds. They also borrow about 1/3 from foreigners. FED also lends a lot. |
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Mining bitcoin isn't profitable but altcoins can be. AS far as I know most of the solo miners don't go into bitcoin because of the hashrate and the equipment needed. They'd rather go for other coins.
It depends on if you can identify coin. It is hit and miss game. There are to many scam coins out there. |
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Yes. China and Bitcoin is a natural fit. China has the biggest miner community and is the biggest manufacturer and has the largest mining pool.
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With those small amount of coin from faucet, you can play with send or receive to familiar your self with those functions of bitcoin. That is very valuable.
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After you receive the bitcoin, will you sell it instantly to convert to fiat? If not, how long will you keep the bitcoin?
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Faucet is not the best way to earn bitcoin. It is just to be used for promoting bitcoin to new users, making them familiar with bitcoin.
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It is good news that a new store will accept bitcoin. We need more shops and other business to accept bitcoin leading to wide adoption.
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Keynesianism relies on the fact that the economy can outgrow debt, which is silly.
It is silly because the GDP grows linearly, but the debt grows geometrically or even exponentially, thus it is by definition a ponzi scheme by design.
There is some truth in the above assertion. The interest for loan is always higher than the interest on savings. So debt will grow faster. Thats not what I meant. There is 2 sides: GDP & Debt. You create debt easily with the push of 1 button in a central bank. For GDP to grow you need manpower, labour, investment risk, etc. Thus the risks involved in growing a GDP is by orders of magnitude greater than those of growing the debt. So if the risk is bigger in GDP growth, then it will grow much slower than the debt. So this means that the debt will outgrow the GDP, and create this global ponzi scheme that we live in now. So hyperinflation will have to come to wash away this madness. It is sad the hyperinflation is the only way to reduce the burden of debt. When bitcoin is widely adopted, the government cannot issue debt by printing the paper. Maybe there will be fewer debt problems. |
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Is there an official announcement from People's Bank of China to state that banks can deal with bitcion now?
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yes, we agree that this type of game is a clearly Ponzi scheme, there is no discrepancy in our posts. The Keynesian economy is based on the assumption of the unending growth as a remedy for everything, and thus the need for creating it artificially leads to what FED does - money printing.
Each government can do that on the smaller or bigger scale, the impact of FED printing press is by far the biggest, due to the dominant position of US economy.
Keynesianism relies on the fact that the economy can outgrow debt, which is silly. It is silly because the GDP grows linearly, but the debt grows geometrically or even exponentially, thus it is by definition a ponzi scheme by design. There is no doubt about that.
If you design a 1000$ ponzi scheme, you go to jail. If you design a 1000 billion $ ponzi scheme, you get nobel prize in economics  Not so sure about that, some of "government people" will prevent any of ponzi scheme (either with design or not) I know all country have their own currency and print out their fiat money selves. But economy is not simply as print money out. One thing that makes bitcoin acceptable and spread worldwide, " Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government." One thing that makes bitcoin acceptable and spread worldwide, " Bitcoin is a digital currency (also called crypto-currency) that is backed by the network of every body on Earth." |
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I have just finished everything to their videos and almost all of it really doesn't seem to teach anything about making money. The only video that really impress me is the series where he introduces the tools to use to start using google adwords and that's just it. And everything to it i find all crap
Did you pay real money to get the videos? The only person who will make profit is the person selling the video. |
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I will offer 0.05 if nobody else wants it. Using escrow of course  . I've had offers of 0.2+ already, fuck your 0.05. Offer 0.2 or more. Just wondering, no offence. You have -255 negative trust, why would anybody deal with you? Is -255 the upper limit of trust? |
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unfortunately iam not a early adopter, so i couldn't earn much bitcoin from them i've tried a lot of faucet like freebitco, moonbitco, landofbitco etc but its so hard to make 1$, and then i found altcoin faucet, i've earned much coin was, when the price is low, so far just earned bitcoin from my referrals on freebitcoin
Do you earn altcoin from faucet and sell it for bitcoin? That is a good way to earn some bitcoin. That is not good for the adoption of altcoin. |
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Will the halving of the block rewards always have such a great impact on the price of btc..or does the impact of the halving diminish each time as it has less and less effect on the total amount of btc that will become available? I cant imagine btc value would be doubling every 3-4 years for the next 135 years or so. also cant imagine what happens when that last incremental btc gets produced...what I can imagine there will be a party..and hopefully there will be pizza After a few more halving, the effect of halving will diminish. The effect of miners' dump will be smaller. The wide adoption of bitcoin is more important. |
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It's still true that wealth disparity in bitcoin isn't good, but it's i think even have 1BTC makes you rich if everyone in this world use bitcoin.
If you own 1 bitcoin in the future, you are one of top 21 million rich person. So please hold and use your bitcoin to make bitcoin popular. |
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First, the top wallets are exchanges' and organization's.
Second, the distribution will be evener when the top holders sell their coins when the price rises.
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Faucet is a tool for promotion. When a person is not familiar with bitcoin, he gets some free ones, play with it, send and receive. It costs no money to him initially, just his time. Gradually, he will be familiar with bitcoin, and becomes a fan of bitcoin.
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After Mark Karpeles is sentenced to prison, we will turn a new chapter in bitcoin history. The reputation of bitcoin (community) will recover a bit.
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The chart is not good, use logarithmic chart will be more practical. And so will bitcoin's price rise at the same pace due to exponentially rising fiat money supply to support that debt
I believe bitcoin price will rise faster than the rate of US debt level. Maybe 3-10 times. If 0.1% of US debt purchaser buy bitcoin, the bitcoin price will be very high. |
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