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Yes, there is this feature on FreeBitco.in. The site is working since 2013, very good site (faucet, Dice game, rewards and now investment).
They pay 0.01% interest daily, 4.08% annualy interest. Balances over 30.000 satoshis are credited every day in random hours.
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I honestly think Bitcoin isn't decentralized enough considering that government still controls the Internet and can easily censor or shut them down (is this even possible?) anytime.
The move by government to make us go cashless by gradually phasing out cash is even more worrisome, could make them have absolute control over us.
We need some sort of decentralized "physical Bitcoin" that doesn't depend on the Internet and can be exchanged for online Bitcoin. It is too risky not to have offline alternatives to Bitcoin to act as backup plan for online Bitcoin in case something big goes wrong.
Pls I need to know something, Is it possible to exchange Bitcoin with other people without being connected to the Internet?
Let say the government bans the Internet and you have your Bitcoin offline(in cold storage right?), can you exchange the Bitcoin to the next person by simply transferring some Bitcoin from cold storage to his/her computer, phone or even data storage devices(like SD Card, USB, Hard drive etc)?
If this is possible then no need for the "Physical Bitcoin"
As you have said, bitcoin can still be sent by copying the paper or cold wallet into their computer using flash drives or SD cards. But I don't think it will be of use. Let's say internet was banned, VPN are shut down, no connection, just phone and telegraph, you think people will be still using bitcoin? If that happens no one will be using bitcoin and the world will be boring and disastrous as hell. There will be always one bastion of freedom remaining in the world. And there will be always hackers able to cheat the government on online camp. It's impossible to stop internet now and it's impossible to stop Bitcoin and hyphotetically, if they do this, it would be the end of the world, the complete chaos, the end of a cycle... It could happen, but I don't think it will happen so fast. |
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Selling bitcoin is not an opportunity lost because you can not assure that the value of bitcoin is always increasing and maybe it will fall. Specially if you are a trader you will always grab the opportunity to sell your bitcoin if the price is high enough then hold if it is still low. So selling your bitcoin is not an opportunity lost.
I agree with you, but we need to think for now, the currently BTC situation. There are rumours BTC price next week is unpredictable depending what will happen with Bitcoin development. Some people could fear it and sell their Bitcoins, but it doesn't mean they lost an opportunity, maybe they did it because they have found another opportunity, that at first impression, seemed more interesting for them, so they should go ahead. But never forget about Bitcoin and always think twice before selling it... |
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since everyone knows that gambling is a better way to loss you btc or money at gambling sites . but trading is not liked by many persons due to mind hardwork of rise and fall of rates of bitcoins .
so better to stay in trading.
Trading is popular for a legit way of making or growing your bitcoins. But it takes time to earn and you must really be patient with it. And in gambling it's like a place where you can earn that quick but the disadvantage is you can also lose very quick. And it can even make you bankrupt and put yourself in a disaster when you get addicted. I think trading profit is high if you know what you are doing, the risk in gambling and trading is very similar (but in trading you can decrease the risks by being a skilled trader). Some people say they can make 1%-2% profit daily with their trading skills. Gambling profit could be higher (as people try to double their money in one day or so) if the gamblers didn't lose more than they earn, and that is impossible to avoid even with skills... |
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I think it is very difficult if you just pay for coffee with bitcoin why?
Because the bitcoin system when you transact will require confirmation and it takes about 5-10 minutes, while your coffee price is not more than 10 dollars,
I think for now the transaction using bitcoin to the shop or restaurant there is a minimum price of about 50 dollars.
Yes, I'd rather not to use my btc just for one cup of coffee. If the price is $10 then pay $2 for transaction fee, that would be such a waste. Plus the long waiting of confirmation. Nah! I just use my cash instead of btc. Less hassle. No double spending. Yeah, why we need to use our bitcoin to buy a coffee when we can use our fiat money to buy things like coffee without having any problem? Bitcoin is more worth than fiat so we should not just spend it on the useless things that we like doing the same in the fiat. We should just spend our bitcoin if it is really necessary like in emergency but for normal things like buying a coffee then we should avoid doing that. For now it's true, almost no one will want to spend their Bitcoins knowing its price will increase a lot yet. But and if BTC price would be already stable, without big variations, would you still keep it stored? If it's not used to buy things, it's not a currency... At some point it should be used to buy quickly things or it will be an asset forever. |
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How about hosting it on a Digital Ocean VPS ?? those are pretty cheap, I can get you a 50$ code from my edu email if you want.
I was thinking about a VPS but then I have to harden the server. Even I could do it and set everything up, I would prefer a hoster, since they have more time on patching and fixing issues. Do you already have new information to share with us? I hope it will come back xd.
I would like to give more information. Actually wanted to discuss with my friend everything today, but he did not show up yet. I will wait a bit and if nothing is happening I guess I will go for truehoster, I guess... Sorry that I let you wait so long. No problem if we need to wait some time until you come back with the site again. We just want to have sure we won't lose our progress and that the game won't die like MyBTCMine (that old faucet...). The most important is to have a transparent interaction between site owner and users. |
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Regarding the fact strategies don't help, true, dice is random, but this makes it more interesting.
But you will burn your coins very fast, i don't think it is interesting, rather foolish. Yes, it's like bad with strategy, but much worse without any strategy. Without a organized gameplay you decrease considerably the profit chances in game. You can't start betting without thinking first how to increase the bet on loss, return to base on winning... If you start betting random you won't have even the chance to stop the game with some profit. |
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No, I don't feel shameful when I am gambling, why should anyone feel shameful in the first place? As long as the person who is gambling knows what he is doing and just gamble the amount he can afford to lose, I see nothing wrong with it. Gambling is a form of entertainment for relaxation, that is one of the reason that casinos are allowed to operate in some countries as it helps to boost the tourism industry.
It's true, gambling can be a good incentive to the country's tourism, there is no reason to be ashamed about it as long you play with your own money and aren't stealing money from others to gamble. The foreigner money is very welcome and it doesn't help only the casino owner to have profit, but a network of businesses, like hotels, restaurants, airports, shops, etc. |
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I believe a centralized business could use a feature like this, but with physical coins of different values, like local currencies. They could work as an exchange house, where you give them your BTCs and they give you some coins pricing the same amount you paid to them.
To make this work, several shops should be in cooperation with this exchange house, dealing with the physical coins they supply.
It's dangerous, because many Bitcoins would be on the exchange's hands and at some point they could run away with the BTCs and make all the physical coins system stop working. What do you think?
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I agree with you. We were fooled by the term no middleman but now it seems as if the middleman exists. These fees are too much.
This is actually the problem of bitcoin facing these days. The fees were collecting everytime doing a transactions. Im still hoping these would be corrected and resolved. Because bitcoin has been used by many people doing a transactions like in a bank. But, bitcoin is not only for the rich people. Yes... We have the sensation we skipped the "middleman", but if we think more about it the middleman here is the miner which we are paying fees to confirm our transaction, and they are taking too much fees to do it. The real profit is being made by them. For this thread question, it's inevitable rich people will have preference in BTC transactions as they can pay higher fees for it, and who pays more, finishes transactions faster. Until the capacity increases, it will continue happening and poorest people will continue only holding their funds. |
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Thank you, got 80 satoshis! Good faucet, design is nice, loads fast and the reward isn't too bad.
Also, I like to have the chance to claim a higher reward by watching a short-link ads. Good luck with your faucet.
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Sad that you are risking your account reputation on this project we surely know it's not sustainable...
The site design is nice, people will enjoy using it like faucet a lot, but as an investment only people able to risk money will try it.
If the investment return wouldn't be so big, it could work on long term.
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They are new and paying. I have already once withdrawn 0.001 which is the minimum withdrawal limit.
The site are with less ads and easy captchas and are easier to claim now.
But all of them seems to be from the microwallet owner, who doesn't seem to be a professional in choosing the name of the sites.
As you are saying you received payment I will give it a try... The faucet list is very generous, 28 faucets giving 50 satoshis every 5 minutes, that is really good! The easy captchas are good and helps a lot, but it won't take much time until bots come and drain all the faucets. hmmm.... sound like ePay  Yes... That was the first impression I had about this site. Let's see... |
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Holding bitcoin Was really a good thing to do. And obviously, Almost all member or majority of the bitcoin enthusiast here in this industry are dreaming to hold bitcoin in a long terms.
exactly almost all including me, But for know I am holding a lot in the altcoin because I think that coins have a future maybe it will double or triple the price of it so I think for now holding altcoin for a long time is the very efficient to invest too. But some of my money is in the bitcoin too. It can be good to have some Altcoins too, but I think worth much more to hold Bitcoins, at least the biggest part of the money in BTCs. I keep at least 80% of my money in BTC and maximum 20% in Altcoins, usually less than that. Bitcoin potential is much bigger than any other Altcoin, as we are seeing, there isn't any other currency that made so nice progress like Bitcoin. |
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Seems it's a micro payment system, no?
And the site isn't full developed yet. There are tabs which aren't working.
If they want to work in a legit way they will come to this forum and create an official thread offering support and answering doubts of the community.
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Gambling isn't a kind of game for who wants to make quick cash, it's a kind of game for who already has cash and wants to spend it for fun (with the chance to make profit from it). You will most probably lose your money gambling, so it's not adviced, but as you want a casino to gamble I can tell you to start with a low house edge casino, SafeDice (0.5% house edge).
It's the lowest house edge among all casinos. But there are other trusted casinos too as you can find in Gambling section.
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Always good to hear news about services accepting Bitcoin as payment method, even if it's a strange service like this "capsule hotel". Seems it's like sleeping inside the microwave...  |
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I need advice i want to invest in BTC i have about 15k should i do it now? or should i wait til after August 1st just incase the price drops?
Please help me.
Thank you,
Brendon
No one knows what will happen so finding a accurate answer here is not possilble. There are only two scenarios that will happen to bitcoin price, to increase or to decrease. Now what if it's will decrease? You will lose some but can still sell those left. What if it's increase then your buying pays off. Risk some money mate to know what will be the result. Here's how to make money if only doing the buy low/sell high system. I would go by the safer way, to wait until August 1st to see what happens, only after this date I would buy Bitcoins. People who doesn't have much money to put in risky should wait as their money is controled and must be very well used to make it produce nice gains, otherwise the money can go away fast for reasons that could be avoided. |
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