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Author Topic: Don't Buy Bitcoin - Earn It (Antonopoulos)  (Read 246 times)
bitmover
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August 07, 2019, 10:15:32 PM
Last edit: August 07, 2019, 10:30:53 PM by bitmover
Merited by bones261 (2), OgNasty (1), NeuroticFish (1), BrewMaster (1), GreatArkansas (1), dkbit98 (1), hd49728 (1)
 #1

In my opinion, Antonopoulos is one of the few people that says things that makes sense in this ecosystem.
He released this video today
https://www.youtube.com/watch?feature=youtu.be&v=GEuMVmjKAKk&app=desktop

There are so many scammers, lies, paid chills, etc, that I don't believe many people out there. But this guys knows what he is talking about and most of what I learned about bitcoin I learned with him (books, YouTube videos, etc).

He just said something that is amazing. Stop treating bitcoin as an investment. Try to see it as money. Do you buy EUROS? You earn it, to live.

I am happy to be earning bitcoins through this forum and in a few more places. Thank you @theymos for making this forum such a great place, a place where we can earn some bitcoins here in so many ways. Bitcointalk is a place were bitcoin is money, not only an investment.


Antonopoulos gave a few ideas:
You can sell things you have for bitcoin, for example.
Make translations. Services.


He also talks in the video about bitcoin being energy inefficient.
I just made a manual transcription up while hearing it (I like to write up good ideas), and I will paste here to share with you guys (transcription not entirely faithful.)

Quote
https://www.youtube.com/watch?feature=youtu.be&v=GEuMVmjKAKk&app=desktop

Bitcoin uses energy in the most incredible and efficient way and convert that energy into robust security for a nation state resistant global network that is the most secure time sequenced recording of immutable truths that we have ever build on this planet.
A monument of immutability that cannot be shut down by the most powerful forces in the world.

This looks like awesome efficient use of energy.
War and Christmas light are very inefficient use of energy.

The best way to solve war? How about take money control away from government that fund war?


Quote

https://www.youtube.com/watch?feature=youtu.be&v=GEuMVmjKAKk&app=desktop

It is used as a currency where it is needed
...
It is not important for you to take a coffee at starbucks.
It is very important for someone to buy a bus ticket to Turkey when they live in Syria with Bitcoin, and trust me, they can.

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terizla
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August 08, 2019, 04:31:09 AM
 #2

That's right Bitcoin is not for investment because that price is fluctuating. It has time when rise or dump and no one can predict it.
But this is no reason why don't buy Bitcoin. If you want gain profit just buy it when that price is fall.
Some people in my place didn't buy Bitcoin with their money. They convert their token from airdrop/bounty to Bitcoin and sell when the price is rise.
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August 08, 2019, 06:06:26 AM
Merited by Royse777 (2), DdmrDdmr (1)
 #3

Bitcoin has not yet gone mainstream and there are not many jobs willing to pay you monthly in it, especially in developing nations where cryptocurrency exposure is still low and getting customers of your service to have to buy Bitcoin to pay you in it would certainly drive some of them away in many places. As the government keeps spreading the idea that it's a high risk venture.

Most of his instances were from the days when bit oun was lows people were more eager to part with it (as with the $10,000 for two pizzas which showed up on the screen during the video.
There are those who would be willing to pay in bitcoins for daily services, but I don't think an entrepreneur can make it the standard form of payment just yet, except you're exclusively in the crypto space.
But here on the forum bounties which pay in BTC are capped and not everyone can get in, or are willing to get in.

There's also volatility to put into consideration, there are times when the prices drop and you wish to own more as you're confident it would return.

That's right Bitcoin is not for investment because that price is fluctuating. It has time when rise or dump and no one can predict it.

Speculative value is kinda what makes it an investment. Everyone hodling bitcoins hopes it increases in value over time, you can not say the same for fiat currencies.

A good way to build your portfolio is converting a percentage of your earnings into bitcoins, or requesting to be paid in it. I do not think it's advisable to convert everything as your nanny may be unwilling to accept Bitcoin for his/her service rendered.
But with a percentage your portfolio would grow over time.

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August 08, 2019, 08:04:25 AM
 #4

The reality are :
1. Most jobs where physical attendance is required usually don't pay in Bitcoin, usually because regulation/law
2. Even if you're freelancer or work remotely, it's still difficult to find ones who pays in Bitcoin
3. Most jobs which pays you in Bitcoin (or other cryptocurrency) usually are signature campaign, bounty-related tasks and other micro-task which don't considered as jobs for many people or the income is simply too small

While i agree with what he said, i doubt you'll be paid in Bitcoin (or other cryptocurrency) if your job isn't related with cryptocurrency.

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August 08, 2019, 08:26:32 AM
 #5

I liked the uniqueness of the thought but, we can use fiat for daily requirements thus, it is more likely not to be treated as investment. In many of the country there are no ways to use crypto for your daily requirements and thus, it becomes like a asset were we hold it for longer amount of time and then get profit.

I think once people adopt more and more and start using it for payment and other basic uses it will also be like other currencies.
 
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August 08, 2019, 08:32:17 AM
Last edit: August 08, 2019, 09:25:41 AM by GreatArkansas
 #6

~
1. ...
2. ......
3.........
This list makes Bitcoin complicated to other people because the less it's popular the fewer people will use it. That's why there are still a lot of people thinks that Bitcoin is only for investment and 'if you want to make money go buy bitcoin,bla bla bla'. We treat Bitcoin as money like, we should also treat our bitcoin wallet on mobile devices like we do on our wallet that has some fiats on it, on our pockets.

As I also remember last few months ago, one of my high school friends called me and she asks me if I am working on Bitcoin, eh? She even doesn't know what Bitcoin is.

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August 08, 2019, 08:38:16 AM
 #7

He just said something that is amazing. Stop treating bitcoin as an investment. Try to see it as money. Do you buy EUROS? You earn it, to live.

Wow...
And this is supposed to be a breakthrough, I guess?
Well.. I do this for years now. I started exactly with translations and other small things.
Some of the BTC earnings stay as investment, some help lower the burden of the everyday expenses.

And I guess that by far I am not an exception here.


What Antonopoulos said is indeed great. But hey, that's only assessing the facts. It's necessary indeed for the outsiders, but we should have already known this.

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August 08, 2019, 08:57:08 AM
 #8

1. Most jobs where physical attendance is required usually don't pay in Bitcoin, usually because regulation/law

IMO there is nothing wrong with working for FIAT and converting it into bitcoin.

I mean.. you mostly can't earn any other currency than the one used in your country.
But you can exchange your earned money into a different currency.


While the point of view of not treating bitcoin as an investement is good, i don't think working for USD and exchanging it to BTC has to be called investment per se.
If it is the only way to earn BTC.. why not?

In the end it doesn't matter whether you directly get BTC for your work, or FIAT which you then exchange (despite the fact that you'd be boosting the usage of BTC which honestly would be a good thing).

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August 08, 2019, 09:02:13 AM
 #9

1. Most jobs where physical attendance is required usually don't pay in Bitcoin, usually because regulation/law

IMO there is nothing wrong with working for FIAT and converting it into bitcoin.

I mean.. you mostly can't earn any other currency than the one used in your country.
But you can exchange your earned money into a different currency.


While the point of view of not treating bitcoin as an investement is good, i don't think working for USD and exchanging it to BTC has to be called investment per se.
If it is the only way to earn BTC.. why not?

In the end it doesn't matter whether you directly get BTC for your work, or FIAT which you then exchange (despite the fact that you'd be boosting the usage of BTC which honestly would be a good thing).

I agree, but technically you don't earn it, but only exchange fiat to Bitcoin which is different from what Antonopoulos said.

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August 08, 2019, 09:59:18 AM
 #10

I love Antonopoulos,
and I agree with him 100% on this.

Best thing is to create your own business and accept Bitcoin as a payment option.

Earn your Bitcoin if you can....
but you can buy it if you want Wink

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August 08, 2019, 10:24:11 AM
 #11

I agree, but technically you don't earn it, but only exchange fiat to Bitcoin which is different from what Antonopoulos said.
Yep. But does it really matter though? Knowing that most of us here currently doesn't have any other choice but use this method. You end up with the same end result anyway: with more bitcoin. Unfortunately there will be fees with this method, but yea. Aantonop's method is pretty much only applicable on some countries whereas bitcoin is more adopted.

With that said(onto the topic), you can use bitcoin whatever way you want. You want to speculate with it? Sure. You want to pay using it? Sure. You want to store your money into bitcoin instead of banks? Sure.

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August 08, 2019, 11:33:38 AM
 #12

IMO there is nothing wrong with working for FIAT and converting it into bitcoin.

Nothing wrong, just this is not what Antonopoulos meant.

I mean.. you mostly can't earn any other currency than the one used in your country.

Correct. You earn Bitcoin mostly in working in Bitcoin-related businesses ecosystem. And this his (subtle?) point: this ecosystem also needs work done, not only investments.

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August 08, 2019, 11:49:21 AM
 #13


What Antonopoulos said is indeed great. But hey, that's only assessing the facts. It's necessary indeed for the outsiders, but we should have already known this.

This is why I posted in beginners and help.
I know you, me and a many others here are already doing this. I am  just sharing this perspective with new comers.

I agree, that's not a breakthrough. But it is certainly not something we read or hear every day, even here....

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August 08, 2019, 11:58:09 AM
 #14

I agree, that's not a breakthrough. But it is certainly not something we read or hear every day, even here....

....And from the content of the posts adding up it looks now it was a great idea. I clearly didn't expected that when I first replied, so you have an unexpected merit in this.

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August 08, 2019, 12:24:21 PM
Last edit: August 08, 2019, 12:36:28 PM by Indamuck
 #15

He is flat out wrong, speculation is what is driving the demand.  Very few people really use it as a currency.  This guy is just another businessman trying to sell books and subscriptions.  He isn't your friend and he is milking his followers dry for their money.
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August 08, 2019, 12:32:07 PM
 #16

There's no much way of earning bitcoin here other than signature campaign. Translation for bitcoin or any other top coins is hardly be seen here. Everyone offers ICO token/coin which is a gamble. However, I'm lucky that I was offered by a guy to translate whitepaper with ETH.
I would like to request other people not to translate for the shit token. That's a pure gamble.

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August 08, 2019, 12:51:30 PM
 #17

He is flat out wrong, speculation is what is driving the demand.  Very few people really use it as a currency.
He never claimed that that's false though. It was merely a suggestion to the community to use bitcoin as a currency.

This guy is just another businessman trying to sell books and subscriptions.  He isn't your friend and he is milking his followers dry for their money.
You can freely read his books online on GitHub[1], or watch his content on YouTube channel[2] that's pretty much where his TIOM vol1 and vol2 books are based on in the first place. If there's anyone in the bitcoin space that makes money fairly and in a non-parasitic way, it's definitely Andreas no doubt.


[1] https://github.com/erangadbw/IoMv1
[2] https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

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August 08, 2019, 12:53:21 PM
 #18

There's no much way of earning bitcoin here other than signature campaign. Translation for bitcoin or any other top coins is hardly be seen here. Everyone offers ICO token/coin which is a gamble. However, I'm lucky that I was offered by a guy to translate whitepaper with ETH.
I would like to request other people not to translate for the shit token. That's a pure gamble.

You can make a lot more though if you work for a new altcoin that has a lot of potential.  It is not unheard of to get a 10x-100x return on a solid project.  Problem is finding them in the midst of all the scam projects we have now.
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August 08, 2019, 01:12:13 PM
 #19

Bitcoin is worth earning if you work hard towards it by joining good bounties, albeit there are campaigns that do pay weekly with bitcoin but it's for senior member account. Investing in bitcoin is okay if you've the money, we are to have bitcoin as an asset or make profit

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August 08, 2019, 11:42:51 PM
 #20

Another opinion from Antonopoulos I can agree with. Earning is something we wouldn't do if we won't expect the good we are getting in return wouldn't have any value. Even shitposters try to switch their shitcoins as fast as possible into Bitcoin.  Wink

It's also true that payments for the salary in Bitcoin are very rare and only common in Bitcoin or Blockchain related business - right now, maybe that can change somewhen. But even if we collect a few satoshis in our free time like here on Bitcointalk that's already the spirit of earning BTC. Yes, it might be not much (depending on your country) compared to our normal salary.


There's no much way of earning bitcoin here other than signature campaign. Translation for bitcoin or any other top coins is hardly be seen here. Everyone offers ICO token/coin which is a gamble. However, I'm lucky that I was offered by a guy to translate whitepaper with ETH.
I would like to request other people not to translate for the shit token. That's a pure gamble.
Bitcointalk has a few more ways to earn some BTC asides from signature campaigns and translations. They might be the most profitable ones but as far as I know you can also collect BTC as Signature Designer, ANN Designer, Bounty Manager, Bitcointalk Escrow Service, Bitcointalk Lending Service or Bitcointalk Moderator (maybe some more).


I would like to request other people not to translate for the shit token. That's a pure gamble.
Encouraging Altcoin projects to pay at least 50% of their Bounty rewards in Bitcoin (via Escrow) is a nice idea. The forum is called Bitcointalk and not Shitcointalk so why not paying Bounty participants at least partly in Bitcoin?  Smiley
Projects paying in Bitcoin would also show that they are putting some valuable BTC into their business instead of "paying" probably useles shitcoins. That way we would have another advantage to weed out some blatant scam projects, many of them won't risk real BTC for their exit-scam.  

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