Right, I don't currently have an adsense account. I have been trying to get one using a blog I set up a few weeks ago and that site and google won't do it. So, it's like chicken and the egg; I've got to generate content and traffic before being able to pay for the site. It's kinda silly since google should know these sites do generate decent traffic.
Yes, you need a half decent site to be approved, continue working on your blog and resubmit in a month or so, if you live in Asia retry in 6 months.
Topic about signature opportunities:
https://bitcointalk.org/index.php?topic=333916.0You can add coinurl.com and a-ads.com to your faucet while you're trying to get an Adsense account.