Let me remind you that online gambling is banned in some country. I don't know where you live so I can't confirm if online gambling or simply gambling isn't banned in your place. Marijuana is legal at some states/places but most people still look at it as a shameful thing to do. The same thing might be the case with gambling. You might not think that gambling is a shameful thing to do but it is to other people.

I think what he meant about losing money is when the price of bitcoin goes down. Every bitcoin investor, or every investor in general, is always cautious about the negative side of things. There's no investment that guarantees profit. There are some investments that say that you can surely earn from them but most of them use that statement to attract investors and they're usually the ones that are scamming people. If I'm going to encourage someone to invest in bitcoin, the first thing that I'll say is that even if he's in this for the long haul, there's still no assurance that he'll get profit. Just take a look at the people that bought bitcoins at 1,200$ back then. Up to now, they haven't earned any profit yet if they're just plainly holding it.

There's no rule in gambling. You can kill somebody for money but you still didn't violate any gambling rule since there's not any, although you violated some government law. You can't be so sure that he can't afford what he's gambling just because he asked somebody for a loan. Maybe he's about to receive a money in two days or so but he's short on money and so he borrowed money to gamble.

But let's just assume your point. Being in debt might be a bad thing to look at but there's actually no one that goes to jail because he's in debt from someone. I have relatives that owes thousands of money from different people but they're living life as if they didn't. It would ruin your reputation though.

Shut down which one? Their network? AFAIK, they can't just "shut down" the crypto currency. Or at least that stands true for bitcoin. I'm not really sure what's the case about altcoins. Only way to shut down all of this cryptocurrencies is to shut down the whole Internet or world wide web which is quite where our economy depends a lot. Without the internet, it would be hard to buy products from other places. The economy would literally go back to what it was years ago since communication is the key for all long distance transactions.

I doubt that the government or any one that's using the Internet would just let that happen. So you can now breathe easy and let go of idea of cryptocurrencies shutting down. Although one thing you should know about or maybe be bothered about is the fact that if an altcoin dev leaves the scene, the coin usually dies shortly.

"Mass protests" That's cute . Given that we might be less than 1 million all around the world, most of us don't go outside and just play with our computer all the time, and most of us would be too lazy to care, there wouldn't be mass protest that's going to happen. Maybe there would be some but it would happen online, not in the real world.

Just to add, bitcoin community is not the same community as the black hat community. We might be able to hire some hacker but we can't pay them at all since bitcoin is banned (hypothetically).

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The government is aware of bitcoin long time ago. They just don't announce it in the media as it will just end up becoming a promotion of bitcoin. It would just spread the word.


Nothing new at that at all since fiat is being used as payment for illegal activities ever since. Every currency that's valuable enough will always be used for something shady.


True. Online gambling and porn is restricted/banned yet we're still able to browse them like it's legal.

The basic scenario of altcoins:
1. Get a huge intro by having a high paying bounty/signature campaign.
2. Hype that altcoin and claim that the coin can overcome bitcoin.
3. Be very active in the ANN thread so people would see the name of your coin frequently.
4. Attract investors = $$$$
5. Enlist the coin in some exchanger site.
6. Dump all your pre-mined coins before the participants of the bounty sells theirs = $$$$
7. Exit the scenario by fading into another dimension.

There are even altcoin developer that stops becoming active when they finished number 4. All these coins that get hyped up become forgotten after a couple of months. So if some coin rises once again, and you think that it has a huge potential, don't fool yourself. Tell yourself that it's the same story somebody told back then.

The list goes on and on but it stops at the part where there's written "Amount of users". It would be really hard for the bitcoin community to outgrown Paypal users in this aspect simply because bitcoin is not as newbie friendly as Paypal. Paypal spoon feeds you the instructions while in bitcoin, you would have to research on your own if you want to know something.

Simply put, a useful thing would remain become useless if no one knows how to operate it. Even if the concept of bitcoin is better than fiat, people haven't got the time to study bitcoin and ultimately understand it.

Another reason why bitcoin would have a hard time to overcome paypal, merchants are using Paypal simply because websites like Amazon, and eBay do so. Supposed that a particular person is using bitcoins because he read about it online, he would be disappointed if he wasn't able to buy from these really common/popular online shops (Amazon, and eBay). It's relatively hard to find a person/website selling items online that accepts bitcoin as payment.

40$ fixed a day can be used in different types of investment such as trading, investing in a certain company, going back to college (if you haven't finished school yet), buying and selling gadgets, etc. If your current investment doesn't work out, then it's still okay since you will have another 40$ to invest the next day.

You can also just buy bitcoins with your 40$ per day. If the price is relatively low, then buy bitcoins. Otherwise, just hold your 40$ for when bitcoin's price goes down. Sell your bitcoins when the price went up and then you'll get profit. It might not be that much amount of bitcoin at the start but it will increase day by day until you end up doubling/tripling the amount of money that you had investment.

Always keep a spreadsheet for your investments too so you can track which ones are working out for you and which ones aren't..

The same thing can be asked to you, can you assure that bitcoin will rule the world in the next 20 or 30 years? Personally, I wouldn't say "yes" to that question since the person asking might blame me when bitcoin's price goes down. 20/30 years is a huge time on the Internet. A lot of things would happen. The potential of something doesn't assure anything at all.

Bitcoins and other cryptocoin isn't that vulnerable since it's decentralized. But the Internet, which unlocked an ocean of information, can be the vulnerable part of bitcoins. Without the internet, there's no bitcoins.

Your point is correct but your calculations are wrong. There's actually 1000 satoshi for average faucet reward (and even if it was just 100 satoshi per claim, he wouldn't be solving 10 million captchas. He'd solve 100,000 captchas).

0.1BTC = 10M satoshi.
10M satoshi / 1000 satoshi = 10,000 captchas
10,000 captcha / 7 days = 1,429 captchas per day

Supposed that you sleep 8 hours fixed a day + 1 hour preparation for brushing your teeth, etc.
1,429 captcha / (24hours - 9hours) = 96 captchas per hour

That's 1 captcha every ~37.5 seconds.

I should say, this sounds pretty good for newbies but when you're actually doing it, it's boring and tiring. Repetitive tasks suck the energy out of you. But if you can bypass captchas, (optional: you can browse multiple faucet sites at the same time), and claim from faucet sites by just using some sort of bot or script, this is a really good way to earn money since you're doing nothing at all.

But what can we say, the start is always the hardest. Someone who really wants to earn bitcoin but don't know how to might probably do faucet for more than 10 hours a day until he realize what a waste of time faucets are.

Not just years, but I think it would take decades or even a century. The older people don't know how to use the Internet, or at least unable to do so. There are people in their 40s or 50s that still don't want to embrace technology since they grew up without it. It's only the incoming generation that are so well-versed about the technology. Kids of today have iPhones and all that techy stuff so bitcoin adoption might start from them but we can't really assure that.

There are also places that have no Internet connection. There's a lot of things needed to be prepared before bitcoin takes over. There are people that still have no smartphones. The digital divide is such a huge factor in the bitcoin adoption.

If they are going to ban bitcoins, they wouldn't ban bitcoins alone since there are altcoins. They would ban the whole crypto-currency instead to make sure that bitcoin users won't just migrated from one cryptocurrency to another. One problem that would arise to this law is the fact that we can create new cryptocurrencies again and again and again until they got tired of banning them. Anyway, we don't really have to problematize this since it's not yet happening and we don't have to anticipate it as well since it's kind of hard to implement right now. Bitcoin is just starting so yeahh.. The ban is quite far away.

Yes.
Although there are times when I miss an update, I actually check the threads and spreadsheet regularly. The fact that liqui's spreadsheet is still updated up to date proves that their campaign is still running.



This is only for campaigns that pay in bitcoin. Altcoin stakes or altcoin tokens don't belong here but there's actually a similar thread as this one in the altcoin discussion. That's where your campaign will be added.

Do you not read?


It's literally right in the start of my post.

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The 21 million limit of bitcoin wouldn't affect the adoption that much since we can always have small denominations like 1mBtc, 1uBtc, etc. The scarcity of bitcoin would create value to it. If there was no limit, bitcoin wouldn't be this valuable or it might not even be valuable.

Simply take a look at the water, in places that are surrounded by the sea, water isn't expensive. You can get it easily. But in places like Dubai, water is valuable and they just don't waste it. They preserve it and at the same time the recycle water.

In the case of the people that has access to the Internet and those who do not, you might want to read about the Digital divide. There are also proposals wherein they would launch hot air balloons (or some air stuffs) that would carry Internet/WiFi signals. That would allow remote places to have Internet connection but it also has its disadvantages like everyone being connected in the same network, etc.

The response in this thread is ridiculous.


OP was asking for an explanation to make his brother lend him $50 and your answer was to ask him for $50.

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You don't think he's going to ask what it's about? If he asked, OP would say it's about "bitcoin" and his brother would say "What's bitcoin?" We're back to square one.


That's exactly what he need the money for.


Don't you think it would be ironic saying that "One does not need capital to start business with bitcoin." while asking for a loan of $50 so you can start your bitcoin business?

If I said yes, what's the point of gambling? To bet and bet until you finally have no more left? You already doubled your bankroll, isn't that what you wanted? To earn some money from gambling. A double bankroll is already a huge amount of money if you ask me although it would depend on how much bankroll you had. I would stop betting at that point and just let the whole thing sit until I get the urge to gamble again in some other day.

If you're going to play with your profit, you would end up having left. At first you would think that it's okay to play with your profit since even if you lose it all, you wouldn't lose any of your initial money. After losing it, you'd feel bad and you'd want to recover it so you'd gamble with your actual bankroll until you lose it all. This is the loop every gambler has that's why they never go home with profit.

That's only applicable to investments such as altcoin trading or any other investment where you can pull out your money whenever you want. Checking if the market is still okay so you can get out before everything goes down. But you can't actually apply that to investments like cloud mining (just an example) where you can't do anything at all. You can only increase the number of your referrals and that's it. What's happening inside, you can't control it. If the website is starting to have problems, you can't withdraw your money since it's already converted to a plan or a khz.

I think the word "usually" is an overstatement. There's just far too much ICO project that go to waste to use the "usually" word. If anything, ICOs "usually" are just something that "devs" are using to make quick money.

Back then, there might be coins that reach that 250% but today? I don't see that much coins rising. There are even coins like vDice that are already in the exchange site before they released the ICO bounties and it's already been dumped. Up to now, VSL (vSlice or vDice coin) hasn't got past to their ICO price. There has been 2 or 3 times that it got past 10k but since there's too much people that holds VSL, it goes back to 5k price after a day or two.

You can't collect a legit data without letting other people remain anonymous. How can you know that somebody is not messing up with your records if everyone is anonymously putting details on your database? Remember that there are people that have no life so they just destroy things on the Internet to feel some sort of satisfaction in themselves. There's just simply no other way to know the number of people using bitcoin except for having to verify their bitcoin wallet, maybe in blockchain or whatever. But we all know that we can't do that since we're all about anonymity.

Maybe not just in a matter of five years, but much more, the people would start to adapting to use bitcoin since everyone would be using it. That's how we are. What the society does, eventually we do too. It's not that hard to learn all these stuffs though since we learned it all by ourselves. We didn't even spend a whole night to understand the basic things about bitcoin. Maybe the whole concept of bitcoin, and the foundation of mining, trading, gambling, etc. and other stuffs about bitcoin, that would take a little while. But when it comes to just "using" bitcoins, it wouldn't take more than a day.