How to Make Money with a Bitcoin Faucet in 2020 ...

The Decade in Blockchain — 2010 to 2020 in Review

2010

February — The first ever cryptocurrency exchange, Bitcoin Market, is established. The first trade takes place a month later.
April — The first public bitcoin trade takes place: 1000BTC traded for $30 at an exchange rate of 0.03USD/1BTC
May — The first real-world bitcoin transaction is undertaken by Laszlo Hanyecz, who paid 10000BTC for two Papa John’s pizzas (Approximately $25 USD)
June — Bitcoin developer Gavin Andreson creates a faucet offering 5 free BTC to the public
July — First notable usage of the word “blockchain” appears on BitcoinTalk forum. Prior to this, it was referred to as ‘Proof-of-Work chain’
July — Bitcoin exchange named Magic The Gathering Online eXchange—also known as Mt. Gox—established
August —Bitcoin protocol bug leads to emergency hard fork
December — Satoshi Nakamoto ceases communication with the world

2011

January — One-quarter of the eventual total of 21M bitcoins have been generated
February — Bitcoin reaches parity for the first time with USD
April — Bitcoin reaches parity with EUR and GBP
June — WikiLeaks begins accepting Bitcoin donations
June — Mt. Gox hacked, resulting in suspension of trading and a precipitous price drop for Bitcoin
August — First Bitcoin Improvement Proposal: BIP Purpose and Guidelines
October — Litecoin released
December — Bitcoin featured as a major plot element in an episode of ‘The Good Wife’ as 9.45 million viewers watch.

2012

May — Bitcoin Magazine, founded by Mihai Alisie and Vitalik Buterin, publishes first issue
July — Government of Estonia begins incorporating blockchain into digital ID efforts
September — Bitcoin Foundation created
October — BitPay reports having over 1,000 merchants accepting bitcoin under its payment processing service
November — First Bitcoin halving to 25 BTC per block

2013

February — Reddit begins accepting bitcoins for Gold memberships
March — Cyprus government bailout levies bank accounts with over $100k. Flight to Bitcoin results in major price spike.
May —Total Bitcoin value surpasses 1 billion USD with 11M Bitcoin in circulation
May — The first cryptocurrency market rally and crash takes place. Prices rise from $13 to $220, and then drop to $70
June — First major cryptocurrency theft. 25,000 BTC is stolen from Bitcoin forum founder
July — Mastercoin becomes the first project to conduct an ICO
August — U.S. Federal Court issues opinion that Bitcoin is a currency or form of money
October — The FBI shuts down dark web marketplace Silk Road, confiscating approximately 26,000 bitcoins
November — Vitalik Buterin releases the Ethereum White Paper: “A Next-Generation Smart Contract and Decentralized Application Platform
December — The first commit to the Ethereum codebase takes place

2014

January — Vitalik Buterin announces Ethereum at the North American Bitcoin Conference in Miami
February — HMRC in the UK classifies Bitcoin as private money
March — Newsweek claims Dorian Nakamoto is Bitcoin creator. He is not
April — Gavin Wood releases the Ethereum Yellow Paper: “Ethereum: A Secure Decentralised Generalised Transaction Ledger
June — Ethereum Foundation established in Zug, Switzerland
June — US Marshals Service auctions off 30,000 Bitcoin confiscated from Silk Road. All are purchased by venture capitalist Tim Draper
July — Ethereum token launch raises 31,591 BTC ($18,439,086) over 42 days
September — TeraExchange launches first U.S. Commodity Futures Trading Commission approved Bitcoin over-the-counter swap
October — ConsenSys is founded by Joe Lubin
December — By year’s end, Paypal, Zynga, u/, Expedia, Newegg, Dell, Dish Network, and Microsoft are all accepting Bitcoin for payments

2015

January — Coinbase opens up the first U.S-based cryptocurrency exchange
February — Stripe initiates bitcoin payment integration for merchants
April — NASDAQ initiates blockchain trial
June — NYDFS releases final version of its BitLicense virtual currency regulations
July — Ethereum’s first live mainnet release—Frontier—launched.
August — Augur, the first token launch on the Ethereum network takes place
September — R3 consortium formed with nine financial institutions, increases to over 40 members within six months
October — Gemini exchange launches, founded by Tyler and Cameron Winklevoss
November — Announcement of first zero knowledge proof, ZK-Snarks
December — Linux Foundation establishes Hyperledger project

2016

January — Zcash announced
February — HyperLedger project announced by Linux Foundation with thirty founding members
March — Second Ethereum mainnet release, Homestead, is rolled out.
April — The DAO (decentralized autonomous organization) launches a 28-day crowdsale. After one month, it raises an Ether value of more than US$150M
May — Chinese Financial Blockchain Shenzhen Consortium launches with 31 members
June — The DAO is attacked with 3.6M of the 11.5M Ether in The DAO redirected to the attacker’s Ethereum account
July — The DAO attack results in a hard fork of the Ethereum Blockchain to recover funds. A minority group rejecting the hard fork continues to use the original blockchain renamed Ethereum Classic
July — Second Bitcoin halving to 12.5BTC per block mined
November — CME Launches Bitcoin Price Index

2017

January — Bitcoin price breaks US$1,000 for the first time in three years
February — Enterprise Ethereum Alliance formed with 30 founding members, over 150 members six months later
March — Multiple applications for Bitcoin ETFs rejected by the SEC
April — Bitcoin is officially recognized as currency by Japan
June — EOS begins its year-long ICO, eventually raising $4 billion
July — Parity hack exposes weaknesses in multisig wallets
August — Bitcoin Cash forks from the Bitcoin Network
October — Ethereum releases Byzantium soft fork network upgrade, part one of Metropolis
September — China bans ICOs
October — Bitcoin price surpasses $5,000 USD for the first time
November — Bitcoin price surpasses $10,000 USD for the first time
December — Ethereum Dapp Cryptokitties goes viral, pushing the Ethereum network to its limits

2018


January — Ethereum price peaks near $1400 USD
March — Google bans all ads pertaining to cryptocurrency
March — Twitter bans all ads pertaining to cryptocurrency
April — 2018 outpaces 2017 with $6.3 billion raised in token launches in the first four months of the year
April — EU government commits $300 million to developing blockchain projects
June — The U.S. Securities and Exchange Commission states that Ether is not a security.
July — Over 100,000 ERC20 tokens created
August — New York Stock Exchange owner announces Bakkt, a federally regulated digital asset exchange
October — Bitcoin’s 10th birthday
November — VC investment in blockchain tech surpasses $1 billion
December — 90% of banks in the US and Europe report exploration of blockchain tech

2019

January — Coinstar machines begin selling cryptocurrency at grocery stores across the US
February — Ethereum’s Constantinople hard fork is released, part two of Metropolis
April — Bitcoin surpasses 400 million total transactions
June — Facebook announces Libra
July — United States senate holds hearings titled ‘Examining Regulatory Frameworks for Digital Currencies and Blockchain”
August — Ethereum developer dominance reaches 4x that of any other blockchain
October — Over 80 million distinct Ethereum addresses have been created
September — Santander bank settles both sides of a $20 million bond on Ethereum
November — Over 3000 Dapps created. Of them, 2700 are built on Ethereum
submitted by blockstasy to CryptoTechnology [link] [comments]

r/Bitcoin recap - December 2019

Hi Bitcoiners!
I’m back with the 36th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in December 2019
Adoption
Development
Security
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

Beermoney Essentials: 6 Ways To Earn Passively With Cryptocurrencies In 2018

Hey guys!
This is my second "Beermoney Essentials" post. Here's the first one about Chrome Extensions if you missed it a year ago. These types of posts basically are just about things have seem to become 'essential' information in terms of Beermoney.
This post is going to be about Cryptocurrency. Cryptocurrency has been becoming more and more popular around the beermoney community, and I think it's safe to say that 2018 will be the year of cryptos.
Here's what this post is NOT. This post will not be the 'here's what cryptos I think you should buy and hodl in 2018'. This post IS going to be about cryptos you can get into and do whatever you want to without having to directly invest in them. So yeah, this post is mostly going to be about mining.

6 Ways To Earn Passively With Cryptocurrencies

Alright, so in this post, I'm going to split things up into 4 parts:

Part 1: GPU mining

Does anyone here remember Nice Hash? (I mean, it technically still is a thing actually). Nice Hash is/was a nice site that would allow you to use your PC to mine. I believe they actually mined ETH (I think), but they were nice because they paid out in BTC (which most people prefer). It was really the easy way for just about anyone to get into mining (assuming you have a decent GPU). Just a month or so ago they claim to have been "hacked" and they lost (at the time) ~$60 million in users' bitcoin. For whatever reason a lot of people wanted them to resume operating after the bits were lost, so they are back up. I won't recommend Nicehash at all. I don't think they were really hacked, and I do think it was an inside job. If you want to use Nicehash, you can. I just really don't recommend it, and there are plenty of alternatives. Here are just a few that I found.

WinMiner

WinMiner is a really neat alternative to NiceHash. From what it seems, the payouts on Winminer are a bit lower, but there are a couple advantages to using this site that might outweigh the lower payouts. First of all, Winminer is really easy to use, you can just download it and set it up, and it's all set. The thing about Winminer that is really nice is that you can get paid out in many different ways. If you want, you can cash out to Bitcoin, but they have a $100 minimum, and the fees are really high, so there's a good chance you won't want Bitcoin. Alternatively, you can withdraw your balance to PayPal, ETH, LTC, Amazon, or iTunes. One thing I don't necessarily like about Winminer is that it does keep your balance in USD at all times, so if you earn for a month and go to withdraw if bitcoin's price goes up 50% in that month, you won't get that bonus reflected on your total cashed out because it was in USD. It's probably not an issue for most people.

Kryptex | Nonref

I have been using Kryptex since just after the announcement of NiceHash being hacked. It has a nice UI and it is very customizable with its settings. This is probably the closest site to the original NiceHash. You can request a payout in Bitcoin any time after you have 0.0006 BTC. One thing about Kryptex is that it does have a referral system. You can earn 10% of your referral's earnings. I shamelessly put my referral link above. Feel free to give it a click if you want.
I don't really prefer this site over WinMiner because it doesn't offer quite as many methods of payments, but here it is anyways.

Part 2: CPU Mining

CPU Mining for Bitcoin has been dead for a long time, but there are still some ways to use your CPU to earn some crypto passively.

LoadTeam

LoadTeam used to be a site that would pay you to test loading websites in the background passively. It was never a lot of money (and it still isn't), but they made the change a few months ago to switch over to Crypto Mining. I actually didn't even notice the switch, but I checked my account after a couple months and I had a few dollars sitting there. LoadTeam offers instant paypal transfers with no fee for all balances over $1. It's pretty nice. I didn't even notice a difference in CPU usage over the last few months. I think of it as an easy couple dollars a month, and it runs entirely in the background.

CoinHive Monero Mining

You might have seen this around a bit. CoinHive is a service that allows sites to mine monero in the background(ish). Some sites have been using Coinhive as an alternate to advertising/adblockers. There are a few sites that have been adding coinhive to their site. You can run this passively in the background.
I don't know all of the sites that have CoinHive, but two big ones I know of are FreeBitco.in and CoinPot.
FYI, I think Freebitco.in links are blocked on reddit, but if anyone wants my referral link, send me a PM. I give 100% of my referral earnings back to my referrals.

Part 3: PoC Mining

Burstcoin Mining

PoC Mining you might not have heard of, but it's fucking cool. PoC = Proof of Capacity. While CPU mining uses a computer's CPU, and GPU mining uses graphics cards, PoC mining uses free storage to mine. The appeal of PoC mining is that it seems like everybody has free storage. Check around your house, maybe you'll find a nice external hard drive with some space on it. You can use this to mine from.
Now I know I said above that this wasn't going to be a post of me telling you what cryptos I recommend for you to invest in, but here's my quick pitch for Burstcoin. Burstcoin is the worlds first (and only) PoC coin. It is the "green" crypto. Mining Burstcoin takes up 400x less power than a crypto like Bitcoin. It's really pretty fucking cool, and I absolutely support the coin. Feel free to read more about Burstcoin on /burstcoin, and check out the recent announcement of Dymaxion.
But you're here to learn how to earn from PoC Mining passively.
Unlike CPU and GPU mining, it is a lot more hard to get into because there are a lot more steps involved to setting it up. You'll actually need to know how to 'plot' your storage and set up a mining pool.
I'm not going to write out the entire process because there are plenty of other resources to help you out.
One thing I really recommend is QBundle 1.6, which is probably the closest thing that will walk you through the process of setting up a wallet for burst and start plotting and then mining with your storage.
One thing I'll also point out is that in order to mine burst with a pool you will need at least one burst in order to set the reward recipient. There are faucets you can get a free burst from, but if you can't get the faucets to work, feel free to send me a PM and I'll send over everyone who wants to get into burst a coin to set the recipient.
Here's a video explaining burstcoin a bit more: https://www.youtube.com/watch?v=Fyj9RIyxLb4
If there are requests, I will happily make a video explaining how to get started mining with Burstcoin.

Part 4: Saving/Investing

Okay, I said this post wasn't about investing in cryptos, and that's not what this section is about, at all.
This part of the post is about using the cryptos you already have to earn more crypto. There are quite a few options in this space, but I do advise you to take all caution when investing your cryptos into anything. Realize that ANYTHING can become a scam when you're not holding your own private keys.

FreeBitco.in

I've mentioned this a few times in the past, but Freebitco.in allows you to use their site has a savings account/wallet and they pay 4.08% annual compounded interest per year on all your balances held (they pay interest daily). I've been hodling bitcoin on there on and off for quite a long while now and it's really nice. Another advantage I could point out is that their site does work as a wallet as well, and while bitcoin's fees are going crazy, you have the option of setting up an automatic weekly cash out (when you're ready to cash out your balance on their site) and the fee is just 3000 satoshi, or you can sign up for a 1-6 hour payment with a heavily reduced fee, or instant with a full average fee. It's really nice having those options.
Freebitco.in does offer a 25% referral bonus for all interest paid out on their site, and I wrote above:
FYI, I think Freebitco.in links are blocked on reddit, but if anyone wants my referral link, send me a PM. I give 100% of my referral earnings back to my referrals.
I have been paying 100% back for over a year now, and I don't plan on changing that.
Please remember: if you do deposit anything onto freebitco.in that is a risk you're taking.

Conclusion

There are a lot of different ways you can use Cryptocurrencies to your benefit. Even if you don't have a good CPU, GPU, or have much free storage, there are still options for you, and maybe you could even consider taking some of your profits from beermoney in 2018 and putting it into upgrading your own set up, or taking some profits and investing into the cryptos you support.
Previous Beermoney Essentials Posts:
Feeling like sending some cryptobits? Feel free:
BTC: 16quTAkbE5sj7doXcPgGBoUemQgdcQRv84
BCH: 1bHj58bVAAPt4wd6SNUbPxBLP6xHFXc5t
ETH: 0x95F33586adb84EE4568C9556a24b340E5eD51604
LTC: LMvtC4Ltaghyb5k5Ssh1sFn9qnqsHfcTpV
XMR: 42B8knrqLAE2BMbiWtqTcrc1W9mNy2PxdVW32oZaBNAJNjDHMWwMJkCFhHWd3aPczi4gYTon73dqX3iv1GK2tUQKJDC2pWV
BURST: BURST-L3AD-N8MX-BVJD-BW54B
submitted by Fishering to beermoney [link] [comments]

Capitalist Household Technique

We all talk about Capitalism in the abstract sense and applying it to distant things, but if we really want this to work we have to apply it right to the core of our personal lives our households and even our marriages.
I have basically embraced private property separation even inside my household and agreed with my wife that it’s much better if the clear lines of our properties are drawn so that we don’t have to fight over things. I think this is very important for a successful marriage.
The premise is that without clearly drawn property lines, you have fights over who owns what, and if neither side concedes, that only leads to conflict, wars in real life. And especially Socialism, where 1 party will leech off the surplus generated by the other party, without the other one knowing it since it’s not well defined (ex: Bob and Jim pay each 200$ for rent for a 400$ ,3 room house, yet Bob uses 2 rooms while Jim only 1, since their usage property is not clearly defined, one party is leeching off the other).
This is very important in marriages. I mean hundreds of academic studies have came out proving that separate budgets in marriages can be extremely beneficial,but not only that, even things like sleeping in different rooms can be helpful.
So the “traditional” way of looking at Marriage as a Communist union, is no longer working, it never did, but people are only now finding it out.
And I have known this for some time, and before we married I discussed this with my wife, and she agreed that making clear distinctions as to what will be our property is very important. Of course this assumes that you marry a reasonable intelligent girl, not a SJW feminist in the first place.
We have signed a pre-marriage agreement to separate our pre-marriage property. Unfortunately this is not entirely applicable, there are some Socialist clauses in there thanks to Feminist Marriage Laws by the Government, but still better than nothing. Now hopefully this will never have to be applied, but always good to be prepared.
Then I have my house on my name, it’s a pretty big house, but I have no problem sharing it with my wife, she is my wife after all.
But we have set clear lines as to where our property ends, perhaps our usage rights, since the property is de jure still mine, so our household is structured this way.
First of all our budged it separated, we instantly agreed that messing with eachother’s income will only lead to fighting. My wife earns well, but I earn more, though my wife is very proud and satisfied with what she earns.
She is kind of a Feminist, but the 1945’s type of feminist, the “independent woman” type that can work hard and be proud of what she earns, not the SJW-Communist type Feminist that you see on Social Media.
So I told her if she ever needs any money, don’t hesitate to ask, I will give it to her kindly, but we don’t interfere in eachother’s spending habits, and she barely asks for money mostly out of pride. That is how I like women to behave, and that is the only Feminism I can support, not the SJW type.
Definitely she should not interfere in my investments, which she knows full well that she doesn’t have a clue about how to invest so leave that to the professionals, the same way I never criticized her over what clothes or shoes she buys, though I tell her my opinion if I find her good looking in them or not.
Now aside from budgets, the other important part is to draw clear lines in personal space.
We even tried sleeping in different rooms for a week, like it’s told on many marriage forums, but it didn’t worked out. I guess we are still young and like to sleep together, it must have been an advice for older couples I guess.
So we share the bedroom, there is no other way there. However I have my own “office room” where I keep my computers and personal items, and she doesn’t have rights over there to mess with my stuff, I don’t even like if she cleans there, I clean that room alone, so that is my exclusive property that I insist.
The only thing about the bedroom that I insisted is that she doesn’t put smart shit in there due to privacy issues. I mean many Smart TV can be hacked and hackers can watch you through it, so that is the last thing I want in our bedroom.
On the other side she has her own room where she keeps her cat, her laptop and smart gadgets, she is into this IoT stuff, so she keeps her gadgets there, I don’t want it all over the house for privacy reasons.
And the rest of the house is shared, the kitchen, bathroom, attic ,etc…
She cleans and cooks, but I make up for it in other places, and we split the bills though I pay for her car since that was a gift from me. And I pay the property tax since it’s my house.
I think it’s very beneficial if you organize your marriage this way, the fact that you know exactly what belongs to whom and where are the limits of your property makes marriage less about fighting and more about cooperating.
Entire generations have been brought up on this Communist styled marriage, and they always fight over what to buy with the “common budget” or the woman spends too much, etc..
It’s just much better if everything is quantified and then everyone knows her limits.
In the Communist styled marriage everything becomes dull and boring, even the sexual life, as everything is just assumed that it’s free.
In this kind of marriage everything is colorful, and exciting, I buy gifts to her frequently, and I always have to seduce her, nothing is pre-assumed.
I think this is the recipe for a successful marriage, and to keep that vibe alive, is to make everything exciting and romantic and new every time, which can only be done in this private property system, and even Capitalists fall prey into this Communist trap.
Many Capitalists after they marry the wife starts interfering into his business, demands a lot of free stuff, his credit card, etc.. I think that is just wrong.
Now we don’t have kids yet, but we are planning, and I will adopt the same technique for the kids as well.
Kids have to learn from the start that nothing is free, and they should get an allowance, and the parents should teach them how to spend it responsibly or even invest it.
I thank my father for showing this to me, I used to spend my allowance as a kid, but when I turned a teenager he opened a bank account for me and I put all my savings there, heck back then they did pay some interest, now they don’t, but at least I have learned a lesson. And I barely spent it, and actually it helped me save up for my first car.
It’s very important that kids learn this lesson, now it’s even easier, the kids can just save in Bitcoins and other cryptos, there is no age minimum there, so any kid can already start saving and investing there.
In my opinion if you really want Capitalism so succeed you have to apply it in every faucet of your life, not just intellectually, while living like a leftist.
I would like to hear how you guys organize your household and marriage, see if you actually apply what you believe in.
submitted by alexander7k to Anarcho_Capitalism [link] [comments]

Free Bitcoin Cloud Mining

New site that is a combination of faucet and cloud mining concepts, like a game. Users start with 20 GHs SHA-256 cloud mining as a starting bonus and can earn bitcoins proportional to their GHs amount ike a classic cloud mining server.
 
GHs can be purchased with bitcoins and bonus points which can be earned for every login. "Hack" other users' account and thus users can steal 10% of the victim's GHs.
I find it to be quite fun.
0.01 btc payout.
 
Reflink - Thank you!
Non Ref
 
Method:
Step 1: Start by converting your BTC and bonus points to GH/s until you hit 100gh/s.
Step 2: Invest your bitcoin earnings into anti-hacking measures, etc.
Step 3: Profit
 
How to "hack" other users:
Type "list" into the console (without quotes) and hit enter. You will be presented with a list of users
 
Example:
 User Hash Chance to Hack Reward (GHs) a.wqVoyf2kDqs 44.27% 0.89 uaQzLdJTXRGzc 29.41% 2.63 grjMxE.uvJpUU 33.31% 2.67 grjMxE.uvJpUU 33.31% 2.67 
 
Choose the user with the highest percentage to "hack" and copy their name. Type "crack" (without quotes), paste the name, and hit enter.
 
Example:
crack a.wqVoyf2kDqs 
 
It will attempt to crack the user and then present you with their info. Type/paste their info in the boxes below and hit "hack". It won't always be successful.
 
On the "Mining Strategy" page you can change your preference, just click and drag the triangle in the center. It wasn't very clear and it took me a while to get that.
 
There's more to it, but this should get you started.
Have fun!
submitted by hold_esc to beermoney [link] [comments]

Greetings Vertians - newbie here saying hi and questioning a few aspects as well as trying to light a fire under your butts :P

Hi everybody, relatively new to crypto in general, but i would say i'm more informed than most joining the market at the moment , i have read various whitepapers, i thought long and hard about if i wanted to invest and how, realising the risks, i am by no means a wealthy individual but i am into tech and see more than just the value of a digital asset going up or down, i see potential in this market in general.
i purchased a Ledger nano s before i had any real amount of crypto as i understand how weak OUR OWN security can be despite the security of the technology. (claimed some from faucets to understand the bare bones first)
currently waiting for transfer to complete to Coinbase then to -> GDAX then to Bittrex or some other to buy alts via Litecoin for the lowest fees (gbp to euro in revolute) -- also can i point out this is one hell of a dodgy ass way to purchase crypto for one coinbase need your id...ummmmm yeah did not like sending my identity documents over the internet
i am by no means an expert but i think I'm doing this right so far.
my first go at mining was nice hash, i made about £6 then the hack happened, after playing around I Am currently I'm mining via MPMH and Awesome Miner, then converting on their exchange into Vert! this... is where my first question comes in.
secondly although crypto can coexist lets face it, adoption is a kind of arms race, whoever wins adoption wins the argument re: are you a valid currency ... which vert is and should be in my eyes ASIC resistance helps a long way in this of course on the fairness to miners but to a shop keeper... he doesn't care so much, what he does care about is:
ok you gave me some numbers how to i turn this back into "real (fiat) money" so i can pay my bills or purchase more stock.
From what i have seen "Crypto_Vault" may be good for this (at-least in USD to start with) and from this business risk perspective we need to support projects like this, currently crypto is a minefield when it comes to transferring one type of value to another issues with Coinbase GDAX Bitttrex ...ahem..MTGOX are well known and often shouted about, Especially from people making claims about trying to get their fiat currency back.
This needs to change, far far more than if we can be listed on an exchange and "moon" although I'm sure for may people here that have been sticking out the roller-coaster that would be nice, lets be realistic here British gas, Eon, HMRC (English IRS) etc. are not just going to accept and hold crypto - They either would want to convert it immediately or if they did accept they would want to be able to pay their staff with it, which means those staff members need to be able to use it, or switch it back to gbp to buy an item some where that doesn't accept coin x (yes lightning and atomic swaps help here but still that's coin x to to coin y not coin x to fiat)
So as far as i see it , crypto is a grass roots movement , great ok then so we need to convince small shop owners small chains, pubs , online retailers to accept crypto. good fine and dandy, but wait how do they pay their bills with it?? At the moment lets face it they can't, so unless they are enthusiasts or watching the markets and seeing the value of bitcoin rise over the past few years, they will not want the hassle of selling vert on an exchange at least not directly.
So with that in mind i see projects like Crypto_Vault being instrumental in changing this, perhaps one day the VTC wallet could do this as well?
so for merchants as i see it Crypto -> Fiat and vice versa is an issue if we are the ones to solve (or promote the best solution) that should help Vert coin's adoption.
another thing to help vertcoins adoption is ...uggh...marketing here specifically i know WE ...US...the community can do this, i have graphics skills, and at least half a brain - however there are no set standards that i can see (I am Aware of the discord i know i can ask) but I'm talking about making this easy for people to spread the word, via posters leaflets etc that they can design and post for others to use (provided correct branding and accuracy) - but even if we do this at this stage we still face the money issue listed above.
i have a set of skills I am willing to put them into helping vert and for vert's adoption to grow but what i don't have is any direction, personally i think this is a great community from what i have been reading but there are too many people complaining about the price and too few willing to act. HODL doesn't mean let everyone else do everything ...sure you can, you can even make money ....but you will make more and make a tech survive in a flooded market if you help it out where you can however you can surely??
if Litecoin is silver to bitcoins gold, Vertcoin can be Copper to Litecoins Silver (copper is still very expensive and has far far more uses than gold and silver) who knows maybe more but not without our help!
Remember guys Green is the colour of money (see marketing slogan right there) ...unless your not in the us then its just confusing :P
Sry if this was ranty guys I hope I'm not spreading FUD or out of order in anyway just saying it as i see it.
TLDR; - There's lots still to do to increase adoption come on lets organise
submitted by AmmoniteII to vertcoin [link] [comments]

What I learnt about bitcoin the past 7 to ten days (Reposted from /r/Bitcoin

Greetings. Before I get into this let me just say that these are the personal observations of an internet greybeard. I am not a lawyer, a financial consultant, or an advisor of any kind. If you decide to do anything like I'm doing it, god help you and best of luck to you, you'll need both. I have no track record and less credibility.
First I'll give a TL;DR for those who would rather not read such a wordy post: bitcoin has much cool factor, is a potential investment vehicle if you don't mind some considerable risk, and yes, still has a long road ahead of it for broad adoption.
On to the thick of it:
First, some background. I'm not completely inexperienced with bitcoin, I first investigated it sometime in 2011; people were giving me bitcoin at the time in 5 coin batches, just for the asking, so I could experiment with it and try to figure out what it was and what it was good for. My interest involved using it as a currency in so-called 'virtual worlds'.
I accumulated about 15 coin at Mt. Gox, and shortly after, they got hacked. I was not compromised, and my coin was intact; so I moved it to another, seemingly more stable exchange. Before long, this interest took a back seat to something more productive and I pretty much forgot about it until the price took off like a rocket and it seemed I might have several tens of thousands of dollars squirreled away at that exchange, and when I went back to find it, the URL for the exchange had been abandoned and the exchange was gone, with my coin. By this time, the bull run was over and the coin was worth a few dollars again, and I gave it up and made a note to myself: Never again would I screw with bitcoin until I could find out how to secure it personally.
So, to the present: with the recent bull run, and bitcoin in the news because china and the banks suddenly warming up to it, I decided it was time to revisit it. With past lessons in mind, I began my research.
Here's what I've learned: 1. You don't need an exchange if you aren't actively trading coin. DIY and store your coin on paper. 2. Storing coin offline is easy with paper wallets. Workflows with paper wallets are non-trivial but not entirely tedious given the right tools. 3. The 'bitcoin community' is a marketplace only if you consider bitcoin to be their product.
The 'work for coin', and 'buy with coin' memes are pretty misleading; when you get out there and actually try to work for coin, currently at least, all the sites seem to be for show only; that is, getting registered and getting work breaks down; all the sites I interacted with had odd requirements (pass our entrance exams, and keep taking tests to rank up to a wage), broken signup procedures, or the like; none of them turned out to be useable in any meaningful way, with the possible exception of https://www.xbtfreelancer.com, but honestly I could starve quicker by not working at all than for working at the rates being offered on that site and suffer less in the process. The coin faucets are a complete waste of time, for any purpose. I spent two days gathering up 10 cents in order to test my paper wallet workflow; all but 2 cents were taken in transfer fees. Don't bother. One other source of 'work for coin', the reddit /Jobs4Bitcoins, seems legit, but again I think that the majority of the work offered there is offered at such a low wage I wouldn't bother, and the ratio of 'Hiring':'For Hire' is dismal; everyone wants to work for coin, but no one is offering coin for work, and the rates offered on the few jobs that are out there, well, they aren't quite as bad as what the faucets pay... I'll leave off commenting negatively on point 3 for now, and just sum it up as 'not quite ready for prime time'. Instead, I'll address bitcoin as the valuable product and service the community actually provides.
Bitcoin is a perfect example of a bubble. It's only value at present is that it is a proof of concept of a clearly superior mechanism for doing business of just about any kind. This drives excitement, and excitement fuels emotion. Anyone who has ever traded anything knows that emotion drives the marketplace. I say it is a bubble because in and of itself, bitcoin provides no value; yet it is currently trading at or near 400$US/coin. Only that we agree it provides some sort of value makes it valuable. That sounds a bit shady and potentially very risky; but it also happens to be precisely how fiat money works. This is why the banks are excited about the blockchain and not bitcoin. Silly bankers, I think they still don't get it.
A 'bubble' in a financial context is generally a negative description of a market; this is because the market so described is inflated. What they don't tell you is that while a bubble is generally considered 'bad' for an economic sector, a bubble does make a lot of money for some of the people involved. In short, it is an opportunity if you know how to take advantage of it. This requires timing. See 'technical analysis of markets'.
Enough of pandering to greed and need; lets talk a bit about how a regular guy without 150K$US in coin mining equipment can actually use coin to his advantage.
First thing is, don't quit your day job. You're going to need fiat. Period. It's what underpins the value of bitcoin, by design. There won't ever be a world where money is just valuable; unless it's made of pure gold and silver. Get used to that idea, because bitcoin was never meant to replace money, it was always meant as a medium of speculation and exchange; a complement to fiat. This is reflected in it's design.
The first thing for which you'll need fiat in this context is to purchase coin. From an investment perspective, there are three reasons to purchase coin. All benefit from technical marketplace analysis, which is used to do two very useful things: identify highs, and identify lows. Using these two pieces of information one generates signals. There are three kinds of signals: Buy, Sell, and Hold. Anyway, I was not going to talk about greed and need.
So yes, buy coin. Buy it cheap as you can. Then do one of these things with it: 1. Hold it. The overall trend since the beginning has been increased rates of exchange. If you hold it long enough, it will likely mature in value. If you decide to sell it, hopefully it will be for much more than you paid for it. 2. Lend it at interest. This is the functional equivalent of a bitcoin certificate of deposit. You lend the coin at a fixed rate of return and for a fixed period of time. The risks are the same as with any lending in which you might engage and are addressed with similar precautions. 3. Sell it when it's high, wait until it's low again, and buy it again. Repeat for as long as you are comfortable speculating.
I know, I said I was finished pandering to greed and need, but this is the thing that bitcoin is perhaps most useful for at this time.
Now to my original point number 2.
Looking down from my lofty perspective of ignorance, bitcoin works a bit like this (experts feel free to chime in here and correct me, I don't have the deepest technical knowlege of blockchain workings). Basically, a wallet is a cryptographic key value pair. Two big numbers. They are typically presented as both strings of text and QR codes. Both are not required; either will work. It is important to realize that the key/value pair is the 'account'. The values themselves. That is where your coin is stored.
This is the thing I missed at the beginning; had I known I could store my coin on paper with keys that have never seen the network, I'd never have lost my original stake. Note the phrase 'keys that have never seen the network'. These are a lot easier to come by than you might think; mine were generated offline in my browser with a little javascript. This also means that if you ever put your private key from such a wallet on the net, it is no longer secure, no matter what you do with the paper wallet. The crypto keys are the account, not the paper they are printed on. The private key is all you need to sweep the value out of it.
When you receive some bitcoin, that's a transaction. This transaction gets encrypted into a block on the blockchain. This encryption is cryptographically 'hot', which is to say it uses an unusually high amount of computational resource. Encrypting such a transaction is what is referred to as 'mining'. Blocks in the blockchain are a specific size, and when one is 'filled' by a miner, s/he creates a new bitcoin. There's more, but here we are at the limits of my understanding.
So, if wallets are so insecure, how do you ever get coin without it being hacked out from under you? Easy, you have it sent to the public address of one of these offline wallets. This is how every key-pair works; the public key is where the money is sent; the private key is how it is sent.
So, you want to spend your coin? It can be done; there are lots of places on the web that accept coin. I know of a very reliable, high quality hosting provider whom I can pay with coin; VPN services seem to traffic a lot of coin; and other things; from what I understand, it is the currency of the so-called 'dark web' (I wouldn't know first hand, never been there myself). Generally though, the way most of us will spend coin, is to convert it back to fiat. This can be tricky. That being said, it is no more tricky than say, selling your euros or your pesos, and perhaps not quite as tricky as cashing out of some stocks on the stock market. I'll leave it to the reader to decide how best to do that, largely because the landscape changes rapidly in that respect.
Which brings us to my final talking point, one mentioned but not one of my bulleted points: Risk. This whole damn thing is risky as hell. Don't tie up any more money with it than you are willing to lose. There are some things you can do that will help mitigate the risk, but not by a lot. Diversification comes to mind. That being said, most such strategies seem to look more like 'make money quicker and get out while you can' than they look like 'protecting my investment'.
Which brings us finally to my closing comments:
These are the personal observations of an internet greybeard. I am not a lawyer, a financial consultant, or an advisor of any kind. If you decide to do anything like I'm doing it, god help you and best of luck to you, you'll need both. I have no track record and less credibility. Come to think of it, I'll add this to my opening comments too.
EDIT: Typo
submitted by UnclaEnzo to BitcoinBeginners [link] [comments]

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What I've learnt about bitcoin the past week or ten days

Greetings. Before I get into this let me just say that these are the personal observations of an internet greybeard. I am not a lawyer, a financial consultant, or an advisor of any kind. If you decide to do anything like I'm doing it, god help you and best of luck to you, you'll need both. I have no track record and less credibility.
First I'll give a TL;DR for those who would rather not read such a wordy post: bitcoin has much cool factor, is a potential investment vehicle if you don't mind some considerable risk, and yes, still has a long road ahead of it for broad adoption.
On to the thick of it:
First, some background. I'm not completely inexperienced with bitcoin, I first investigated it sometime in 2011; people were giving me bitcoin at the time in 5 coin batches, just for the asking, so I could experiment with it and try to figure out what it was and what it was good for. My interest involved using it as a currency in so-called 'virtual worlds'.
I accumulated about 15 coin at Mt. Gox, and shortly after, they got hacked. I was not compromised, and my coin was intact; so I moved it to another, seemingly more stable exchange. Before long, this interest took a back seat to something more productive and I pretty much forgot about it until the price took off like a rocket and it seemed I might have several tens of thousands of dollars squirreled away at that exchange, and when I went back to find it, the URL for the exchange had been abandoned and the exchange was gone, with my coin. By this time, the bull run was over and the coin was worth a few dollars again, and I gave it up and made a note to myself: Never again would I screw with bitcoin until I could find out how to secure it personally.
So, to the present: with the recent bull run, and bitcoin in the news because china and the banks suddenly warming up to it, I decided it was time to revisit it. With past lessons in mind, I began my research.
Here's what I've learned: 1. You don't need an exchange if you aren't actively trading coin. DIY and store your coin on paper. 2. Storing coin offline is easy with paper wallets. Workflows with paper wallets are non-trivial but not entirely tedious given the right tools. 3. The 'bitcoin community' is a marketplace only if you consider bitcoin to be their product.
The 'work for coin', and 'buy with coin' memes are pretty misleading; when you get out there and actually try to work for coin, currently at least, all the sites seem to be for show only; that is, getting registered and getting work breaks down; all the sites I interacted with had odd requirements (pass our entrance exams, and keep taking tests to rank up to a wage), broken signup procedures, or the like; none of them turned out to be useable in any meaningful way, with the possible exception of https://www.xbtfreelancer.com, but honestly I could starve quicker by not working at all than for working at the rates being offered on that site and suffer less in the process. The coin faucets are a complete waste of time, for any purpose. I spent two days gathering up 10 cents in order to test my paper wallet workflow; all but 2 cents were taken in transfer fees. Don't bother. One other source of 'work for coin', the reddit /Jobs4Bitcoins, seems legit, but again I think that the majority of the work offered there is offered at such a low wage I wouldn't bother, and the ratio of 'Hiring':'For Hire' is dismal; everyone wants to work for coin, but no one is offering coin for work, and the rates offered on the few jobs that are out there, well, they aren't quite as bad as what the faucets pay... I'll leave off commenting negatively on point 3 for now, and just sum it up as 'not quite ready for prime time'. Instead, I'll address bitcoin as the valuable product and service the community actually provides.
Bitcoin is a perfect example of a bubble. It's only value at present is that it is a proof of concept of a clearly superior mechanism for doing business of just about any kind. This drives excitement, and excitement fuels emotion. Anyone who has ever traded anything knows that emotion drives the marketplace. I say it is a bubble because in and of itself, bitcoin provides no value; yet it is currently trading at or near 400$US/coin. Only that we agree it provides some sort of value makes it valuable. That sounds a bit shady and potentially very risky; but it also happens to be precisely how fiat money works. This is why the banks are excited about the blockchain and not bitcoin. Silly bankers, I think they still don't get it.
A 'bubble' in a financial context is generally a negative description of a market; this is because the market so described is inflated. What they don't tell you is that while a bubble is generally considered 'bad' for an economic sector, a bubble does make a lot of money for some of the people involved. In short, it is an opportunity if you know how to take advantage of it. This requires timing. See 'technical analysis of markets'.
Enough of pandering to greed and need; lets talk a bit about how a regular guy without 150K$US in coin mining equipment can actually use coin to his advantage.
First thing is, don't quit your day job. You're going to need fiat. Period. It's what underpins the value of bitcoin, by design. There won't ever be a world where money is just valuable; unless it's made of pure gold and silver. Get used to that idea, because bitcoin was never meant to replace money, it was always meant as a medium of speculation and exchange; a complement to fiat. This is reflected in it's design.
The first thing for which you'll need fiat in this context is to purchase coin. From an investment perspective, there are three reasons to purchase coin. All benefit from technical marketplace analysis, which is used to do two very useful things: identify highs, and identify lows. Using these two pieces of information one generates signals. There are three kinds of signals: Buy, Sell, and Hold. Anyway, I was not going to talk about greed and need.
So yes, buy coin. Buy it cheap as you can. Then do one of these things with it: 1. Hold it. The overall trend since the beginning has been increased rates of exchange. If you hold it long enough, it will likely mature in value. If you decide to sell it, hopefully it will be for much more than you paid for it. 2. Lend it at interest. This is the functional equivalent of a bitcoin certificate of deposit. You lend the coin at a fixed rate of return and for a fixed period of time. The risks are the same as with any lending you might engage in and are addressed with similar precautions. 3. Sell it when it's high, wait until it's low again, and buy it again. Repeat for as long as you are comfortable speculating.
I know, I said I was finished pandering to greed and need, but this is the thing that bitcoin is perhaps most useful for at this time.
Now to my original point number 2.
Looking down from my lofty perspective of ignorance, bitcoin works a bit like this (experts feel free to chime in here and correct me, I don't have the deepest technical knowlege of blockchain workings). Basically, a wallet is a cryptographic key value pair. Two big numbers. They are typically presented as both strings of text and QR codes. Both are not required; either will work. It is important to realize that the key/value pair is the 'account'. The values themselves. That is where your coin is stored.
This is the thing I missed at the beginning; had I known I could store my coin on paper with keys that have never seen the network, I'd never have lost my original stake. Note the phrase 'keys that have never seen the network'. These are a lot easier to come by than you might think; mine were generated offline in my browser with a little javascript. This also means that if you ever put your private key from such a wallet on the net, it is no longer secure, no matter what you do with the paper wallet. The crypto keys are the account, not the paper they are printed on. The private key is all you need to sweep the value out of it.
When you receive some bitcoin, that's a transaction. This transaction gets encrypted into a block on the blockchain. This encryption is cryptographically 'hot', which is to say it uses an unusually high amount of computational resource. Encrypting such a transaction is what is referred to as 'mining'. Blocks in the blockchain are a specific size, and when one is 'filled' by a miner, s/he creates a new bitcoin. There's more, but here we are at the limits of my understanding.
So, if wallets are so insecure, how do you ever get coin without it being hacked out from under you? Easy, you have it sent to the public address of one of these offline wallets. This is how every key-pair works; the public key is where the money is sent; the private key is how it is sent.
So, you want to spend your coin? It can be done; there are lots of places on the web that accept coin. I know of a very reliable, high quality hosting provider whom I can pay with coin; VPN services seem to traffic a lot of coin; and other things; from what I understand, it is the currency of the so-called 'dark web' (I wouldn't know first hand, never been there myself). Generally though, the way most of us will spend coin, is to convert it back to fiat. This can be tricky. That being said, it is no more tricky than say, selling your euros or your pesos, and perhaps not quite as tricky as cashing out of some stocks on the stock market. I'll leave it to the reader to decide how best to do that, largely because the landscape changes rapidly in that respect.
Which brings us to my final talking point, one mentioned but not one of my bulleted points: Risk. This whole damn thing is risky as hell. Don't tie up any more money with it than you are willing to lose. There are some things you can do that will help mitigate the risk, but not by a lot. Diversification comes to mind. That being said, most such strategies seem to look more like 'make money quicker and get out while you can' than they look like 'protecting my investment'.
Which brings us finally to my closing comments:
These are the personal observations of an internet greybeard. I am not a lawyer, a financial consultant, or an advisor of any kind. If you decide to do anything like I'm doing it, god help you and best of luck to you, you'll need both. I have no track record and less credibility. Come to think of it, I'll add this to my opening comments too.
EDIT: Typo
submitted by UnclaEnzo to Bitcoin [link] [comments]

Cryptocurrency and Bitcoin Beginner's Guide - Tried to make it as simple as possible

I've seen a lot of Bitcoin and cryptocurrency guides, but they make things rather complicated for those who aren't very "tech savy". You know how it works, I know how it works, but we have to convince random people how it works. So, I am going to write this guide to make it as simple to understand as physically possible.
.......................................
FAQ
What is a Cryptocurrency? A cryptocurrency is simply online money. The first and most popular is Bitcoin but there also many others with varying degrees of popularity. Cryptocurrencies are backed up by strong encryption so that nobody could ever hack into the network controlling the currency. Almost all cryptocurrenices are also decentralized, which means there is no central authority controlling them. No single person could feasibly shut down the Bitcoin network.
How can I earn some Bitcoins? There are many sites called "Faucets" which give out an extremely tiny amount of Bitcoin for free. However, it is far better to simply buy it with USD or another currency. Finally, Bitcoins can be earned by mining, explained below.
How can Bitcoin be "decentralized" if it is online? Wouldn't someone have to run the server? True, someone does have to run the "server". However, Bitcoin can be decentralized because the network is run by tens of thousands of miners. In order to "mine" bitcoin or another cryptocurrency, you would use a piece of hardware (CPU, Graphics Cards (GPU), or ASIC) to help secure the network.
But why would anyone want to mine? Wouldn't that take a lot of electricity? Some people will actually mine simply to help secure the network despite a loss in power costs. However, most people don't do this. The advantage is seen in the "Blockchain". The Blockchain is how transactions are stored. Every time you send a Bitcoin transaction, it becomes stored in the current block. This brings me to the incentive for mining. Miners can generate Bitcoins, by two methods. First and least important are transaction fees. When you send bitcoin, you pay a very small fee (usually only a couple of cents) to the miner. The more major way is that every block generates a set amount of Bitcoin which is given to the finder of the block. "Finding" a block is luck based but the chance increases depending on your "processing" power. Since it is very difficult for an individual to find a block on their own, miners combine their computing power into "mining pools". When a combined pool, then, finds a block, the pool distributes it to every miner in the pool depending on how much each miner contributed.
Can someone hack Bitcoin? No. When people have their Bitcoins stolen, it is because they either had a virus on their computer which recorded their private encryption keys ("password") to their wallet (bitcoin storage program), or they had their Bitcoins in a third party website. If a website is hosting the wallet, and they get hacked, THEN you can lose your bitcoins. But there is no way for someone to access your wallet unless they have access to your computer.
What is the advantage of Bitcoin or other cryptocurrencies anyway? Bitcoin is "deflationary". As opposed to the United States dollar, which can be printed at will by the government (decreasing the value), the total amount of Bitcoins will never exceed 21 Million (that limit won't be reached for around one hundred years, though). This also means that there is nothing backing up Bitcoin: No gold reserves, because it is "decentralized". Bitcoin is worth something because people want it, and its deflationary nature encourages that because it can never be killed by horrendous inflation (look up Zimbabwe Dollar).
Can I mine Bitcoin? Yes and No. Any computer can in theory mine Bitcoin. However, mining with a CPU or GPU is so inefficient that you will make pennies if you are lucky and pay far more in power costs. ASIC mining can be profitable, but only if you can invest in very expensive equipment. Sadly, the days of individuals mining Bitcoin are not really here right now. Some "cloud mining" sites (a website that will sell you mining time on their equipment) offer free mining rates on signup, though, so if you just want to make a few cents every day for free you can find these.
Isn't Bitcoin just for drug dealers? No. Is the US Dollar just for drug dealers because some of them use it? Bitcoin has many uses: Low cost transactions, instant transfers anywhere in the world, and many more. Just because some people use it for the wrong reasons doesn't mean the entire system is bad.
............... That's all for now. Thoughts? Suggestions? Additions? Improvements? Are there sites that were simpler than this?
I actually was surprised sitting down to write this how complicated cryptocurrenices actually is. Once you understand it you don't really realize it, do you :P
submitted by MickeyDoge to Bitcoin [link] [comments]

My (desperate) experience with Bitcoins

When I started with Bitcoin I was searching for ways to earn it. So I started mining bitcoins. I didn't get any share on slushs pool. So I searched and I started mining Litecoin( I've got 0.00001LTC that I can't withdraw, but thats insignificant, so I don't mind). At the same time, I searched for faucets, and I found CoinVisitor, in which chat I earned 0.01 BTC in 2 weeks. The web closed due to a hack, and the admin sended me 0.02BTC for the inconvenient. Since there, I've been using lots of faucets and other sites that pay you for seen ads and I use especially 1, that for me it's the best. In that webpage I have 0.00285 BTC, that I'm going to withdraw by the end of the month, to add to my invest money (0.00483 BTC) and earn a 6% every month. I also played some gambling games, but I always lost my money.
In sum up, I think if you have patience you can earn Bitcoins, but if not, the only possibility for you it's to buy them. But never play gambling games.
PD: I didn't stopped mining. I'm mining the most profitable altcoins some hours a day, but you will not get rich doing this.
PD2:If you wanna know what's the best faucet, and the best way to do a secure invest, PM me.
submitted by AlvaroB to Bitcoin [link] [comments]

Free Bitcoin Cloud Mining

New site that is a combination of faucet and cloud mining concepts, like a game. Users start with 20 GHs SHA-256 cloud mining as a starting bonus and can earn bitcoins proportional to their GHs amount ike a classic cloud mining server.
 
GHs can be purchased with bitcoins and bonus points which can be earned for every login. "Hack" other users' account and thus users can steal 10% of the victim's GHs.
I find it to be quite fun.
0.01 btc payout.
 
Reflink - Thank you!
Non Ref
 
Method:
Step 1: Start by converting your BTC and bonus points to GH/s until you hit 100gh/s.
Step 2: Invest your bitcoin earnings into anti-hacking measures, etc.
Step 3: Profit
 
How to "hack" other users:
Type "list" into the console (without quotes) and hit enter. You will be presented with a list of users
 
Example:
 User Hash Chance to Hack Reward (GHs) a.wqVoyf2kDqs 44.27% 0.89 uaQzLdJTXRGzc 29.41% 2.63 grjMxE.uvJpUU 33.31% 2.67 grjMxE.uvJpUU 33.31% 2.67 
 
Choose the user with the highest percentage to "hack" and copy their name. Type "crack" (without quotes), paste the name, and hit enter.
 
Example:
crack a.wqVoyf2kDqs 
 
It will attempt to crack the user and then present you with their info. Type/paste their info in the boxes below and hit "hack". It won't always be successful.
 
On the "Mining Strategy" page you can change your preference, just click and drag the triangle in the center. It wasn't very clear and it took me a while to get that.
 
There's more to it, but this should get you started.
Have fun!
submitted by hold_esc to beercoins [link] [comments]

Understanding Bitcoin Properly

Bitcoin is a what you can call a new type of online currency, a crypt-currency. This crypts-currency was propose in the late 90's by a group known as cypherpunks who mainly discussed about cryptography and security and among them was, for a currency that would be totally anonymous and free from the control of large banks and governments. around the late 2008 this guy named "Satoshi Nakamoto" wrote a rocking paper describing this concept of a a P2P payment system that would use the concept discussed by the early cypherpunks.
If you don't know why some intelligent folks are excited about the Bitcoin concept, you should take the time to understand. Bitcoin is a new form of currency that is accepted worldwide and can never be debased by politicians trying to get re-elected or countries trying to pay off huge debts. In a world in which the value of paper money is constantly ravaged by inflation, that's a very attractive attribute. Also, the world is very much ready for a "global" currency. Bitcoin satisfies that need.
Bitcoins are like cash in that they aren't tied to your identity, and transactions made with Bitcoins are irreversible and untraceable. But they're like credits in a manner that they aren't physical. Bitcoins are a peer to peer system.
What Bitcoin allows you to do is to send money to people, make purchases, just like real cash, only difference is this is online. Bitcoin in most ways behave like hard cash . you can give it to person to person, you can loose it, and destroy it.
Well, Bitcoin address is different from any other address system you may have encountered before, A bitcoin address consists of two addresses the public address and the private address. Like the name suggests the public address is public and can be distributed to any one and every one without any fear. the private address is the one you keep very private and secret and dont even tell that to any one at all. You keep it so secret, that no one can access it.
A bitcoin address is a hash of a public portion of a public/private ECDSA keypair and they looks like this:- 1La9GFB8sNRko99jP2N5AMQYPvmsDoVbKb. Bitcoin is in its infancy, a free market currency whose price or value is determined by the demand and supply. A multitude of factors could in theory affect Bitcoin prices, nobody in the current scenario can conclude that only a few factors affect Bitcoin, I will try to explain only “a few” that have had a considerable impact on Bitcoin prices recently, many more may be yet to be known.
Like gold prices that fluctuate due to a variety of factors, some of the factors which have been observed till date are listed below:
Media Exposure
The initial growth of the Bitcoin ecosystem and prices was attributed to media articles, familiarizing it to more people. The world’s supply of Bitcoins is essentially fixed, but because people in the media keep talking about it, demand keeps rising. This leads to higher prices—and as prices go up, people who currently hold Bitcoins develop greater and greater expectations for the currency. Today, the excitement around Bitcoin is still confined to a tiny segment of the population — technology aficionados, monetary idealists and speculators. The potential for exposure is large.
Eurozone Crisis
A direct correlation between the Cypress bailout and Bitcoin price was observed. Some of the investors in Europe moved their investments into Bitcoin around the time of the Cypress bailout. This resulted in a huge cash flow into the Bitcoin ecosystem.
Hoarding
Demand crisis: Like any currency, Bitcoin is traded on exchanges, Bitcoin holders hoard their stash, which further reduces supply, which in turn boosts the price and sparks yet more media attention—and the cycle continues till profit selling takes place like in any currency.
Fear of Govt intervention
There is nothing illegal about Bitcoin . Cash is as anonymous and not tied to identity. But could government grow increasingly interested in defending its paper-money monopoly? We've already seen hints of this. But because the market is already huge and global, there will be growing attempts to control it, tax it and regulate it.
Trading Exchange outages
Trading exchanges like MTgox which handles almost 70% of trade have seen trading halted due to DDos's, but such events are seen to be temporary and the a price fall due to a DDos is usually recovered when trading resumes to normal levels, leaving only a temporary effect. Smaller exchanges have been hacked due to insecure design of the sites . The interim crashes could be sharp and scary. The Bitcoin algorithm, system and framework itself is preternaturally sound. As with any new creation, there are glitches and vulnerabilities that still need to be worked out in trading exchanges.
Vendor acceptance
Bitcoins remain very much a niche payment method. In accepting the currency there is a small circle of large Internet companies’ participating in the system. Others include WordPress, which will sell you everything from Web hosting to CSS packages in exchange for Bitcoins. WikiLeaks and 4chan are part of a growing list of online organizations that accept Bitcoin donations. As vendor acceptance improves the value of Bitcoin as a currency improves.
Free market currency
Being in its infancy, Bitcoin will see wild price swings till it becomes established as a currency. The market is still in a price discovery stage and is expected to stabilize at a certain point, where its value and place as currency is usable in daily life.
You can use Bitcoins with people and business that accept Bitcoins. as a new currency there are not many brick and mortar stores that accept Bitcoins, but there are online services that may be purchased with Bitcoin. and like any new currency the growth is slow but then number of people and businesses accepting Bitcoin is increasing exponentially.
The Bitcoin algorithm was presented as a scientific paper and peer reviewed like any other scientific paper, the paper was widely accepted and is the sole fundamental of Bitcoin. The algorithm of Bitcoin has been designed so that it is resistant to quantum computers which have not been built as of yet.
All currencies are backed by gold or similar assets. Lets look at gold. What is gold backed by? What decides the value of gold? Demand and supply. What decides the value of Bitcoin? Demand and Supply.
Like gold the amount of Bitcoins is limited, only 21 million Bitcoins will be ever produced. The value of Bitcoin can be equated to how the value of gold is estimated. So the "fundamental" value of Bitcoin can only be estimated the same way the fundamental value of, gold can be estimated — which is guessing at what someone will be willing to pay for it at some time in the future. The whole premise of Bitcoin is that only a finite amount of it will ever be created. This is in stark contrast to standard currencies, the supply of which is continually increased.
Fiat paper currencies are a relic of a past age. It has proven to be a spectacular failure, giving rise to inflations and unending booms and busts. As technology progresses, markets look for an alternative. A single global digital currency is certainly in our future. Bitcoin is just the most successful example of that so far.
Bitcoin can be easily used for international transfers without paying commissions to third parts like banks and cutting down transaction times for bank wires from days to hours for a Bitcoin transaction.
It is always prudent on your part to view Bitcoins objectively and arrive at its value in your life. In my view, Bitcoin is the Internet, applied to Money. We need to remember that Bitcoin is not a stock, a company, or even a regular commodity. It is a technology. That technology is a payment system that is evolving into a real currency. Right now, its most spectacular use is in transferring funds from one person to another. It's as easy as sending a text message on a phone. We live in a digital age. We need a digital currency.
Using Bitcoin:
In order to use Bitcoin, you need a Bitcoin wallet. Bitcoin Wallet is just like your wallet where you keep your money. Wallets come in the form of softwares and web wallets.
Software wallets are simply installed on your computer. With these standalone clients, you are responsible for protecting your money and doing backups. While using these wallets, you need to bewary as some viruses are designed to steal your wallet files and the hacker can easily eat up your Bitcoins. So, I don't suggest these.
However, some software wallets are also released for smartphones. In these types of wallets, there is no need to backup the files as all the data is stored in the servers.
Examples: Bitcoin Official Client, Multibit, Bitcoin Wallet (Mobile), etc.
Web Wallets are the best and easy to use. They are secure as the data is not stored in your computer, it is stored on secure servers. However, it is very important to choose a good provider. Recently, a Web-based Bitcoin Wallet provider, Inputs.io was hacked and the hacker stole everything. This resulted in loss of millions of dollars. I suggest you to choose Blockchain Wallet or Coinbase. CoinBase just raised $25 Million.
I'm using BlockChain wallet here:
  1. First fill out the form at https://blockchain.info/wallet/new.
  2. After registering on BlockChain Wallet, login with your details.
  3. After logging you will see your Bitcoin address.
  4. This is your auto-generated Bitcoin address. You can use this to receive payments.
  5. if you are not satisfied with one address or need more. You can generate more addresses at "Receive Money" tab. First click on the "Receive Money" tab then click at "New Address" button.
How to earn:
  1. Purchase some Bitcoins at low prices and then sell them at high prices.
  2. Website Revenue: Earn from your website by adding non-annoying ads. These ads are very simple and clean. This is the way I earn Bitcoins. I'm talking about Anonymous-Ads - http://a-ads.com/.
  3. The other way is by using Bitcoin Faucet. But, these faucets are useless as the pay amount is very extreme low. You need to visit Faucets every hour and enter your address. They'll send you a payment in few hours.
Spending your Bitcoins is easy:
There are hundreds of retailers that accept Bitcoin. If you want a domain or hosting, go to NameCheap.com.
Here is a list of websites that accept Bitcoin: http://www.bitcointrading.com/forum/spen...-bitcoins/ but there are many more available.
You should also join the Bitcoin Community at http://bitcointalk.org...
If you liked this post. Please give it a +1 for my work. It will help me to write more on Bitcoin.
submitted by areebmajeed to Bitcoin [link] [comments]

Bitcoin🤑 Faucet Earn Daily 30000 🤑Satoshi Claim Every 5 ... Is It Worth Investing In Bitcoin? $$$ LIVE Payment Proof in March 2020 Bitzfree (hacking tutorial) best bitcoin faucet!!?? Bitcoin hack. Earn btc - lisane.gq - 2020 100% working BITCOIN HACK WORKING 2020 EARN 600$ A DAY IN BTC FOR FREE

A bitcoin faucet is a website that presents small numbers of bitcoin in exchange for some task or action on the web.Usually the owners of these sites earn money by adding advertising to these sites with banners and pop-ups. It is said that this industry represents more than 50% of the traffic on the main Bitcoin websites currently. New Free Bitcoin BTC Faucet - Zelts tricks hints guides reviews promo codes easter eggs and more for android application. Avoid New Free Bitcoin BTC Faucet - Zelts hack cheats for your own safety, choose our tips and advices confirmed by pro players, testers and users like you. Ask a question or add answers, watch video tutorials & submit own opinion about this game/app. Don’t deposit large amounts of Bitcoins into your faucet. This way if someone does hack into your faucet or manages to claim more Bitcoins than they deserve, at some point the faucet will run dry and he will leave. I try to deposit a week’s supply of Bitcoin into my faucet and check the balance every Sunday. Bitcoin faucets are a rewarding system that user can earn from a website or apps. Those rewards distributed in the form of Satoshi after competing given task then claim to get rewarded. The first bitcoin faucet developed by Gavin Andresen in 2010. It can be any respective cryptocurrencies like Bitcoin, Ethereum, Litecoin or more. Bitfinex was at that point of the largest Bitcoin trading exchanges in the world. So it was a attractive choice for hackers. This massive crypto hack had huge effects on the market, with the value of Bitcoin slumping, with the value of BTC dropping more than 20%. But also it continued to paint the Bitcoin and crypto market in a bad light.

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