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Author Topic: 6 things for new bitcoiners to do:  (Read 1697 times)
RodeoX
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March 30, 2011, 04:04:15 PM
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I was so excited to hear about bitcoin that I bought some before I had a clue what to do with them. In the past few weeks I have learned a little and wanted to share some advice with new users or those still considering bitcoin.

6 things for new bitcoiners to do:

1. A good first step after downloading the bitcoin program may be to head over to bitcoin faucet for a free 0.5BTC . That is not much money but you can see how the program functions. Congratulations, you have your first transaction.

2. Turn some fiat currency into bitcoins. There are several services to use cash, PayPal, etc.  There are other ways of getting bitcoins, but buying them with dollars or other currency helps establish bitcoin.

3. Give back your bitcoin faucet money. Giving back the tiny amount you received will allow the website to continue helping new users.

4. Buy something, anything. There are a growing number of goods and services to choose from. More than anything else, buying things with bitcoin will strengthen it's role as a currency. An advantage of using bitcoin is that you can deal directly with a seller (if you want). It also does not have to be a big purchase. With no fees you could buy something for 0.00001BTC.

5. Donate to some things you like.  Again, small amounts are fine. You could sent payment to someone who wrote something helpful to you. Or help defend Julian Assange, whatever.

6. Sell something. Several sites offer escrow service or tools to advertise whatever it is you are selling.  You could sell an item or a service. Especially a service that can be done online. Maybe you can translate text, or write some sick code.


After doing these things you should have enough experience to confidently use bitcoin as an alternate to oldskool paper money.

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March 30, 2011, 04:45:54 PM
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4a. If you can't find something that you're after, place a WANTED ad for what you'd like to spend your BTC on!

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March 30, 2011, 06:34:16 PM
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-  get a small empty USB drive, get a safe, safe deposit box in your bank, etc...

You didn't said how to use safe deposit box in bank!!!!!!!!!!

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March 30, 2011, 06:39:06 PM
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-  get a small empty USB drive, get a safe, safe deposit box in your bank, etc...

You didn't said how to use safe deposit box in bank!!!!!!!!!!

put usb drive in the safe.
I wouldn't personaly trust a bank but thats what the encryption and backup redundancy is for. Which begs the question "Why pay for a Safe deposit box when there are so many free backups in this plan?"

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March 30, 2011, 06:48:08 PM
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put usb drive in the safe.
I wouldn't personaly trust a bank but thats what the encryption and backup redundancy is for. Which begs the question "Why pay for a Safe deposit box when there are so many free backups in this plan?"
You might already have a safe deposit box (if you don't I'd have to agree - don't bother). I also don't trust banks, but keeping just one copy in your own safe is more risky than keeping multiple copies in multiple locations.

Here's one thing I've thought about, and I'd be interested in hearing opinions on it: next time you're on holiday outside your own country, take your laptop with you, use SSL, and create a few new web-based email accounts (ideally using webmail providers outside either your own usual jurisdiction, or the "holiday jurisdiction". When you get back email your TrueCrypt-ed wallet to these new email accounts. You can easily get access to your wallet from one webmail account if you need to, but it's not obviously your account, and your own government is faced with dealing with a webmail host outside its legal control. (I'd also suggest an alternative, such as buried-in-a-bottle... just in case...)

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March 30, 2011, 07:00:26 PM
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instead of holiday you could use tor
Smiley That's a far better solution (though sadly lacking in beaches and sunshine...!)

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March 30, 2011, 07:56:56 PM
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5.1 Multiply your btc by betting on sports!  Grin
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