One of the latest innovations in the cryptocurrency faucet sector. A site with a classic structure to earn money with Bitcoins. In this article we will talk again about a direct faucet that will make you earn money with Bitcoins by means of a proven structure, very similar to that of the faucet described in a previous article. QuashBits is shown with a main screen always made up of 2 menus, one at the top and one on the side, all well organized. To register, use a personal Bitcoin address also registered on FaucetPay. Earning money with Bitcoins Let's now proceed with the list of components of the central menu. EARN BITS, earn Bitcoin: - Faucet, which takes you back to the dashboard, is the classic claim that can be made every 60 minutes. The cryptocurrencies earned are called Bits and the award released will depend on the Lucky Number obtained. Occasionally some pop-up pages may open. - Shortlinks, divided in turn into 2 submenus. Visit Shortlinks, whose links lead to advertising pages in which one or more Captchas must be resolved, which is why they notoriously pay more than the classic Claim. Pop-up pages may open. Shortlinks Contest instead shows the weekly ranking of users who have solved the highest number of Shortlinks. - PTC Ads, this section is now inevitable on faucet sites and allows you to earn crypto by viewing advertising pages. It is not mandatory to keep the mouse on the page as it will be sufficient to let the required time pass. The main tool for earning money with Bitcoins. - Jobs, an interesting section where you are rewarded very well by performing "social" tasks. Definitely recommended for its originality. - Referrals, where you will be shown your referrals URL. You will get, with the basic subscription, from your subscribers a 10% on all claims. The percentages will increase by subscribing to a higher Membership subscription. - Achievements displays the list of rewards that are received after reaching a certain number of Claims and Shortlinks, dedicated to large users of faucets. - CPU Mining, where you will be paid 1 Bit every 60000 Hash. Recommended only for those with powerful enough PCs. - Investment Game, practically a bet on the Bitcoin trend in the next 5 minutes after your bet. You will be free to invest the desired amount. - Redeem coupon, if you have a code to use as a coupon. You will be given a small amount of crypto as a gift. Not just EARNS: MEMBERSHIP, various paid membership levels that will increase your earnings percentages. LOTTERY, the BitsFree lottery. The cost of the ticket is 100 Bits / Satoshi. CONTESTS, which each month will reward users with the highest number of subscribers and the largest amount of Shortlinks and Offers completed. OFFERS, which includes surveys, bonuses for viewing videos and the most varied tasks. Several Dogecoins will be obtained but not always proportionate to the time spent since the surveys have a very low percentage of reliability. BLOG, the section with the latest news on BitsFree. MORE, in turn divided into several parts: - Account settings, in which to enter the Bitcoin or FaucetPay address to which to transfer the balance and change the registration email and password. - Withdrawals History and Deposits History, shows the last 25 transfers to your external wallets and all the deposits made on the site. The side menu The menu on the left contains many links to the sections previously described. From top to bottom you can change your account details, exit the site (Logout) or make the transfer (Withdraw). Just below the Bitcoin countervalue of the Bits you have available on the site is shown. Following is the Advertise section which offers the opportunity to earn crypto through links and banners directly on your site. This is a paid service and using the Deposit button you can send the funds you want to dedicate to it. Even further below, your referral URL. In the lower part of the dashboard, the left part is dedicated to all the information on crypto (Bits) earned while the right part allows, thanks to the Share button, to share your referral URL on major social networks. We remind you that the transfer of earned Bits (Withdraw) can be converted into Bitcoin on your personal wallet or on FaucetPay. The minimum threshold in the first case is 50,000 Satoshi while for the second it is 4000 Satoshi. See you soon for a new article on how to earn Bitcoins! If you liked this article and would like to contribute with a donation: Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7 Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A Horizen Faucet: https://getzen.cash/auth/register?ref=153228
One of the best Bitcoin faucets. Earning Crypto has never been easier. In this article we will talk more about a direct faucet that will make you earn crypto easily thanks to a proven structure, very similar to that of the faucet described in a previous article. BitsFree is shown with a main screen also composed of 2 menus, one at the top and one on the side, all always well organized. To register, enter a personal Bitcoin address registered also on FaucetPay. Earn Crypto Let's now proceed with the list of components of the central menu. EARN BITS, many ways to earn: - Faucet, which takes you back to the dashboard, is the classic claim that can be made every 60 minutes. The cryptocurrencies earned are called Bits and the award released will depend on the Lucky Number obtained. Occasionally some pop-up pages may open. - Shortlinks, divided in turn into 2 submenus. Visit Shortlinks, whose links lead to advertising pages in which one or more Captchas must be resolved, which is why they notoriously pay more than the classic Claim. Pop-up pages may open. Shortlinks Contest instead shows the weekly ranking of users who have solved the highest number of Shortlinks. - PTC Ads, also this section by now inevitable in faucet sites allows you to earn crypto by viewing advertising pages. It is not mandatory to keep the mouse on the page as it will be sufficient to let the required time pass. - Jobs, an interesting section where you are rewarded very well by performing "social" tasks. Definitely recommended for its originality. - Achievements displays the list of rewards that are received after reaching a certain number of Claims and Shortlinks, dedicated to large users of faucets. - CPU Mining, where you will be paid 1 Bit every 60000 Hash. Recommended only for those with powerful enough PCs. - Investment Game, practically a bet on the Bitcoin trend in the next 5 minutes after your bet. You will be free to invest the desired amount. - Redeem coupon, if you have a code to use as a coupon. You will be given a small amount of crypto as a gift. Not only REFERRALS: REFERRALS, where you will be shown your referrer URL. With the basic subscription, you will get 10% on all claims, 5% on Offerwalls and 3% on Shortlinks from your subscribers. The percentages will increase by subscribing to a higher Membership subscription. It is possible to purchase referrals at the price of 10,000 Satoshi. LOTTERY, the BitsFree lottery. The cost of the ticket is 100 Bits / Satoshi. CONTESTS, which each month will reward users with the highest number of subscribers and the highest amount of Shortlinks and Offers completed. OFFERS, which includes surveys, bonuses for viewing videos and the most varied tasks. Several Dogecoins will be obtained but not always proportionate to the time spent given that the surveys have a very low percentage of reliability. BLOG, the section with the latest news on BitsFree. MORE, in turn divided into several parts: - Membership, by signing up for a paid subscription you can level up within the site (Silver, Gold and Diamond), obtaining more rewards and services in exchange. - Account settings, in which to enter the Bitcoin or FaucetPay address to which to transfer the balance and change the registration email and password. - Withdrawals History and Deposits History, shows the last 25 transfers to your external wallets and all the deposits made on the site. The side menu The menu on the left contains many links to the sections previously described. From top to bottom you can change your account details, exit the site (Logout) or make the transfer (Withdraw). Just below the Bitcoin countervalue of the Bits you have available on the site is shown. Following is the Advertise section which offers the possibility of earning crypto through links and banners directly on your site. This is a paid service and using the Deposit button you can send the funds you want to dedicate to it. Even further below, your referral URL. In the lower part of the dashboard, the left part is dedicated to all the information on crypto (Bits) earned while the right part allows, thanks to the Share button, to share your referral URL on major social networks. We remind you that the transfer of earned Bits (Withdraw) can be converted into Bitcoin on your personal wallet or on FaucetPay. The minimum threshold in the first case is 50,000 Satoshi while for FaucetPay it is 4000 Satoshi. See you soon for a new article on how to earn free crytpo! If you liked this article and would like to contribute with a donation: Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7 Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A
CoinPot: 7 Faucet sites to earn free cryptocurrencies
A group of top-of-the-range Faucet sites that will make you earn free cryptocurrencies quickly: Bitcoin, Litecoin, Bitcoin Cash, Dogecoin and Dash. In this article we would like to describe in detail how this small group of faucet sites that rely on a single online microWallet: Coinpot. In our opinion, by far the most practical and famous of all the sites in the category for earning free cryptocurrencies. Before reading, we recommend reading the introductory article of our blog in order to better understand some terms and already own an indispensable personal multi-currency wallet. To earn cryptocurrencies, the first thing to do is sign up at the following link: https://coinpot.co No personal data is required, only the email address. As for the first 5 "Moon" sites, it will be sufficient to log in with the same email with which you signed up for Coinpot and you can immediately make the claim (always alternate reCaptcha and SolveMediaCaptcha). You will be free to choose whether to make a daily claim or several claims throughout the day. The minimum waiting time between one claim and the next is 5 minutes. Once you have made the first claims you will be able to see the crypto earned automatically credited to your Coinpot wallet. We will explain its functions in detail below. Follow this advice to Earn even more Cryptocurrencies ... And these are the top 5 Coinpot-related faucet sites. Always remember to log in by following the links we have reported. The greater the number of referrals you will bring, the greater your earnings. The "Moon" sites in addition to guaranteeing you a 25% of the amount of each claim made by your referrals, will give a 1% bonus (up to a maximum of 100%) to the claims you make with your account. Our advice is to create a main desktop account and a secondary mobile account in order to personally verify the real functioning of the system. Your personal referral link will be shown to you by clicking on the refer link located at the top of the page. 2 more Faucets join the Moon galaxy! In addition to the 5 sites mentioned above, there are 2 others that offer almost identical efficiency and functions: BonusBitcoin and BitFun. To earn free cryptocurrencies in this case you will need to sign up using the email address as done previously on Coinpot. Use the same credentials. The referrals program is exceptionally profitable as it offers a 50% bonus of every claim made by your subscribers. Even with a few subscribers, you will notice a steady increase in the cryptocurrencies you earn. BonusBitcoin can occasionally be annoying but still offers a daily bonus on the total claims made. The waiting time on this site is 15 minutes and the link to the personal Referral is available in the center of the page. Under the "Claim Now" button there is also another option: "Change your claim setting". Selecting it will open a small window: putting the check mark on "Always receive the average claim amount" you will always earn the same number of Satoshi for each claim while leaving it empty you will have the opportunity to earn 5,000 Satoshi with a single claim. The downside is that in the meantime you will get a lower average prize. Bitfun is by far our favorite Faucet site because it rewards with relatively high amounts and requires very little time to make the claim. The time interval on Bitfun is identical to that of the "Moon" sites: 5 minutes. You will find the Personal Refer link under Account. Brief explanation on how the Coinpot MicroWallet works. After this roundup of sites we want to quickly explain how the Coinpot microWallet works. In the main interface you will be shown the 5 cryptocurrencies that you can earn: BitCoin, BitCoin Cash, Dash, DogeCoin and LiteCoin. As you may have noticed, Tokens are not supported. In the drop-down menu of each Coin you can decide whether to deposit crypto in the microWallet, transfer them from the microWallet to your personal wallet, convert them all into a single crypto (to more quickly reach the minimum transfer amount on the personal wallet), undermine them with your PC or view the latest transfers confirmed by Coinpot. As for the Coinpot Tokens, the menu offers the possibility to convert them into other crypto, mine them with the PC or participate in 2 games of luck. Coinpot Tokens will be given to you in the order of 3 at a time for each of your claims made or 1 for each claim made by your referrals. A very useful section of news and updates is also available and fortunately there are very few banners. Last in terms of innovation, the Challenges, which you can select on the left in the summary menu. In practice, following a certain number of shares (claim, conversion of crypto, purchase of lottery tickets, etc ...) you will be given stars. The Challenges can be daily, monthly or linked to the achievement of a specific goal. Each star will guarantee you an additional 100 Coinpot Tokens. At the end of the challenges / Challenges period, lasting 30 days, those who have collected the highest number of stars will receive an additional maxi-prize in Coinpot Tokens. Finally, we remind you that for each transfer to the outside you will be sent an email requesting confirmation that will be valid for 30 minutes. After this period of time you will have to carry out the operation again and no amount will be lost. Keep following us! All the articles will always be dedicated to cryptocurrency faucets other than the previous ones that will allow you to quickly increase your earnings. If you liked this article and would like to contribute with a donation: Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7 Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf
This information explains the information regarding the puzzles that could be helpful to those trying to solve them. It also explains how you can support the puzzles. It will be updated regularly. How do the puzzles work? The idea is I write short stories/themes that contain all the seed words. These are hidden in the story in a variety of ways (codes, numbers, plain sight, riddles, clues, etc etc), this is likely to get more complicated as time goes on but for now is remaining relatively simple. I think I will also be adding brain teasers that will be significantly easier with much lower prizes. For these rather than making a wallet, I will operate by sending dogecoins to the first correct comment (with a bonus if the winner explains their method to find the answer) How often will you post puzzles? I'll be posting these as soon as they've been created and checked. Even if the previous one has not been solved I will be posting new ones. I will leave about a month between posting, so people don't find themselves flicking between puzzles but after a month if its ready, a new one will be uploaded. By having multiple puzzles here to be attempted, I am hoping people will be encouraged as theres more opportunities to win. I think I might post easier brain teasers with small prizes (around the 50 doge mark) just to encourage participation. This all seems a bit chaotic, is there no organisation system? I have used flairs to organise, 'puzzle', 'clue' and eventually 'solution' once they're solved. I'm still learning how to organise things on reddit but I assure you, it will be done. How will puzzles be funded? The first one has been funded through /dogecoinbeg and my own private funds, I am hoping for donations once I've published a few puzzles to help me fund future ones. I also use faucets to fund them. If you want to support my puzzles without donating, I would highly appreciate you using my referral links which I will publish below. How do we know this isn't a scam? Part of the reason I'm planning on keeping puzzle prizes low for the time being is so people aren't afraid to donate ie the value is too low to be worth scamming for. Also, creative writing is the highest effort way of scamming I can possibly think of. Can I support without donating? Absolutely yes! Liking, commenting and sharing are the best ways to show support. I want to grow a puzzle community on here and the only way I can do that is with the support of you guys! Also, feedback. Whether in comments or private messages I will respond to any feedback and suggestions. Another way to support these puzzles is using the referral links below! Instead of donating, that enables you to earn and me to fund my puzzles with the referral earnings, win win! The more people using the referral links, the higher the potential prizes so if anything, I hugely encourage you to use them. How do you decide how much the prize is? It will be based on difficulty level, once I've worked out how to gauge that. Will prizes always be in dogecoin? No, probably not. I am planning on a puzzle with a bitcoin prize but that will be significantly more difficult. Dogecoin puzzles I am creating because I enjoy it and I think dogecoin is painfully underrated (Lets be real, its v fast and its got doge in the name, says it all really) Referral links to fund doge puzzles (All of these are linked to my personal doge wallet which will fund puzzles): Cointiply - this is a website and android app faucet. You earn coins through the hourly free coin spin, watching ads and completing surveys and can withdraw in either doge or bitcoin. I personally have been withdrawing in bitcoin to convert to dogecoin. This has a generous referral scheme in which I receive 25% of earnings from spins. Mobile referral link https://cointiply.mobi/21muWebsite referral link http://cointiply.com/kVPK6 Moondoge - the moon faucets are pretty popular, you just click whenever you want and the coins go to you coinpot wallet, I get a 1% referral bonus per person that signs up so thats again, pretty good to earn to fund my puzzles Referral link http://moondoge.co.in/?ref=D941AC8F3D5A The rest of the moon faucets: All referral earnings from these will be converted to dogecoin and put into the prize wallet when the faucet reaches 100 dogecoins as this is the minimum withdrawal amount. http://moonbit.co.in/?ref=F8FBB5261B9E http://moonliteco.in/?ref=2027684E45F2 http://moondash.co.in/?ref=AF219A5BE3F0 http://bonusbitcoin.co/?ref=668A0EEDFA2D The crypto faucet - one click a day earns between 0.3 to 600 dogecoins and can withdraw at 10 dogecoins. Using my referral earns the prize fund 50% of whatever you earn. https://www.thecryptofaucet.com/?r=67361 The balance from this faucet will be added to whatever prize wallet is in use every time it surpasses 200. Referral links to support me (Obviously it's good fun creating puzzles which is a reward in itself but if you do enjoy these puzzles please use these links to support me): Freebitco.in - this is a faucet that also has a highelower game, betting and interest over 30,000 satoshis. I currently use it to grow interest on past faucet earnings so if you want to help me grow my holding please sign up and use https://freebitco.in/?r=38129961 Publish0x - Basically here I'm currently publishing articles on the faucets I use to try and gain more income from referrals to fund the puzzles. If you sign up to the site and tip authors, I receive a 5% referral bonus from the tip. This is greatly appreciated and eventually I will be using this site to explain different codes I've used in these puzzles https://www.publish0x.com?a=5xe73yQje7 Resources to help you crack puzzles: This list will basically contain sites that I've either used to help code things and sites I've used when trying to break my codes from scratch (when trying to think like someone who hasn't seen it before). Decoding - https://cryptii.com
Bitcoin faucets are websites or applications that offer you a small amount of bitcoin as a reward for making easy tasks. Depending on the selected faucet, users can earn coins for completing various tasks, such as viewing certain websites, watching ads, entering a captcha, or playing a game. by StealthEX At the beginning of the cryptocurrency’s existence, when the stakes were not so high, the creators of faucets gave 5 bitcoins for each claim — back then it was their way to promote digital money among newcomers. Now faucets operate with much smaller amounts and give out some part of the Bitcoin, which is measured in Satoshi(named after the creator of Bitcoin). Satoshi is the smallest possible fractional number of Bitcoin — one BTC is equal to 100 million Satoshi. If you have ever left a water tap not completely closed, you probably noticed that water was dripping into it, and if you put a bowl under it, sooner or later it will be filled. Even though one-time payments on faucets are scanty, many advise not to neglect the opportunity to earn on them, because, with the right approach, faucets can bring a tangible profit with a minimum of effort. There are plenty of sites offering free bitcoins. Unfortunately, most of them are not trustworthy, do not live long, or are simply overflowed with annoying flashing ads. However, there are some that work for many years, used by thousands of users and considered reliable. Here is the list of them:
This faucet is probably the most well-known one. It was created in 2013 on the territory of the British Virgin Islands. Payouts are not fixed and vary for each claim. You can get cryptocurrency every hour, and for each claim you get from 0.00000030 to 0.03 BTC. In addition to the faucet, Freebitcoin allows you to earn in other ways — save interest on your deposit, play the lottery, invite new users via referral links. It supports several withdrawal methods: you can set up automatic withdrawal every Sunday, slow withdrawal every 6–24 hours, or use the fastest instant withdrawal that takes 15 minutes. The last one, of course, has the highest fee.
Founded in 2015, the Moon Bitcoin has a certain user base and is considered by many to be one of the best faucets in existence. There are many appealing bonus offers. For example, the site gives you a reward for consistency — if you enter a captcha at least once every day, you will accumulate a bonus +1% to earnings daily. Like most other faucets, Moon Bitcoin offers a bonus for bringing new users. Earned funds are instantly transferred to the linked Coinpot wallet. The minimum withdrawal amount is 10,000 Satoshi if you agree to pay the fee. Or wait until it’s going to be over 50,000 Satoshi on your account and withdrawal money for free. It is worth saying that Coinpot has its own bonus program. For example, for one captcha entry, you get 3 Coinpot tokens that can also be converted to cryptocurrency. There are also Moon faucets for Litecoin, Dash, Bitcoin Cash and DogeCoin. All payments are concentrated in one Coinpot account.
Bonus Bitcoin is one of the oldest services and is considered one of the best bitcoin faucets. You can request a new portion of free coins every 15 minutes, getting an average of 10 Satoshi per claim. You can also gain more coins completing tasks in the offers and surveys section. Users who regularly stay active for a number of days receive an additional 5% of their daily rewards. The site also gives 50% of all fees of users you invited using referral links. Bonus Bitcoin accounts are also connected to Coinpot, a micro-earnings wallet that accumulates your payouts. The site also provides the opportunity to earn Litecoin and Dogecoin.
This is one more faucet associated with Coinpot wallet. Bitfun started its work in January 2017. In addition to the faucet itself, which allows you to request free Satoshi every 3 minutes, the site has a large number of browser games of various genres. Progress in these games gives you additional earnings. You can also earn coins by completing offers. As with Bonus Bitcoin, the user receives 50% of the fees of their referrals.
The service was launched in 2018 and has become known as one of the best free bitcoin generators. There are several ways to claim Satoshi. In addition to the faucet, you can also earn bitcoins by watching videos, clicking on ads, and playing browser games. Here you can make claims once every 12 hours and get a certain number of Coins to your account. Coins are the inner currency of this service, 10000 Coins worth 1$. It converted to Satoshi at the time of withdrawal. Rewards can be collected at FaucetHub, another web wallet for micropayments, in this case, the withdrawal limit is 35,000 Coins. For amounts over 100,000 Coins, withdrawals can be made directly to your bitcoin wallet. Or you can keep Coins at the site and earn 5% interest. Users can earn a loyalty bonus, by claiming rewards every day. Bringing another user via referral link gives you 25% of their claims and 10% of their offer earnings.
PentaFaucet is one of the oldest and most stable bitcoin faucets today. The main difference from similar websites is that the site uses double protection: captcha and anti-bot. You can collect from 5 to 25 Satoshi every 5 minutes. A reasonable amount of advertising and a simple interface make working with the faucet comfortable. The faucet does not allow you to earn money from games, surveys, and other sponsorship services. In addition to the main method, it offers only a referral program, giving 10% from earnings of each new user. Earned Satoshi are instantly transferred to the FaucetHub wallet. You can withdraw your funds from FaucetHub to your bitcoin wallet once a week on Sundays.
FireFaucet is a multi-currency automatic faucet, perhaps the best of its kind. This resource allows you to earn 9 cryptocurrencies at the same time, as well as instantly withdraw the accumulated funds to the Faucet Hub. The Auto Claim function allows for collecting currency automatically. You can change the number of currencies to get and the time between collections. FireFaucet affords many different ways to earn money: in addition to the faucet itself, there are also offers, a referral system that gives 20% from newcomer’s income, and browser mining. FireFaucet also has its own unique level system: getting XP for various actions on the site and raising their level, users receive a reward in Satoshi. As a pleasant addition, FireFaucet has a nice-looking design and does not use pop-up ads.
This bitcoin faucet does not require registration. All you need is the public address of your BTC wallet. Users can claim Satoshi every hour, getting from 5 to 1200 each time. At the moment DailyFreeBits is using the FaucetHub wallet we are already familiar with. The resource offers a referral reward. By inviting new users to the website, you can regularly receive 10% of their earnings. These are probably the best bitcoin faucets at this point. Do not expect that you will earn loads of money just using faucets, but it is with no doubt an interesting and easy way to get a certain portion of free Satoshi and learn how the cryptocurrency and various wallets work. Always be careful and study every site that is claimed to be a Bitcoin faucet with some scepticism. Always be critical of your choice and read reviews. Original article was posted onhttps://stealthex.io/blog/2020/05/28/best-bitcoin-faucets/
I've spent the last couple months figuring out a good strategy to generate some passive cryptocurrency without investing money before a big bull-run starts. As Bitcoin is still fairly low, but cryptos have been risen again in the last weeks, it's best to get in now. I don't have very much time, so I examinated the best-working websites with the littlest time investment and the highest result possible. Disclaimer: This will be a long post and I'll tell you all the sites I use and how my strategy works. Use it as an inspiration and develop your own working strategy. Skip stuff that doesn't seem to be worth your time or websites you don't like. If you don't like to use a referral-link, just remove the last part of the link. Most websites will give you a bonus when signing up with a ref-link, though and I would appreciate it for the effort I put in this guide. I assume you have some basic knowledge on cryptocurrencies, a wallet and accounts on Faucethub and Coinpot. So, let's get started. Step 1: Claim once a day from stacking up faucets If you're familiar with faucets, you probably know the moon-faucets that pay directly to Coinpot. They keep stacking up until your next claim, so they are the best and highest-paying faucets if you want to keep your time claiming as little as possible. I suggest you use them at least once a day to accumulate the daily bonus that will really change your game. I do a quick claiming round once in the morning and once in the evening. If you have more time, they are also really worth being claimed more often. For the sake of completion I will include them here: Moonbitcoin for Bitcoin Moonlitecoin for Litecoin Moonbitcoincash for Bitcoin Cash Moondash for Dash Moondogecoin for Dogecoin Bitfun stacking up Bitcoin-faucet that pays instantly to Coinpot Two new exact clones of the Moonfaucets that pay instantly to Faucethub with no minimum. They also have daily bonus: Getcoin Bitcoin for Bitcoin Getcoin Litecoin for Litecoin And the last stacking up faucet for BTC: Yannik.biz So yeah, try to claim them at least once a day to maintain your daily bonus. The bonus can really be a game changer on these ones. Claiming them all will take no more than 5-10 minutes every day. Step 2: Receive daily interest on your faucet claims! Send your Bitcoin to Freebitcoin and receive daily interest on your balance once you have more than 30000 Satoshis (shouldn't take too long if you put in some effort in the beginning). You can also use the website as a faucet once a hour. It is actually paying well. If you use my link to sign up a new account you will receive life-long +12,5% on your daily interest and +25% on all your claims. If you already have an account, just create a new one with this link and delete your old one as this ref-back-bonus will give you a decent boost on your earnings. Freebitcoin is one of the oldest and most trusted website in the crypto scene! Step 3: Claim even more cryptos once you have some spare time Highest-paying sites I found where you can claim every hour along with Freebitcoin are these: Cointiply: very high paying and they also give you daily interest, but are tied to USD-rates, so you're better off withdrawing your satoshis to Freebitcoin once you reached minimum withdrawal as you would lose satoshis if BTC price continues to rise. Freedogecoin: Same as Freebitcoin, but with less functions. Bitsfree: New website with cool design where you can claim once a hour and withdraw to Faucethub at a fairly low amount. Pays pretty well. Claimbits: Same script as Bitsfree, but pays a bit less and you have to solve three shortlinks once in a while to be able to claim. It's still worth participating in. Remember: On every claim on these websites you have the chance to win a big amount of cash. So try to use them as often as possible. Unlike the stacking up faucets, with the exception of Cointiply, they don't have a daily bonus, so it's no problem if you ignore them for a while. Bonusbitcoin: Claim a good amount of satoshis every 15 minutes. Instant payments to Coinpot again. Click high-paying ads on AdBtc and Dogeads. Another good website for high-paying BTC-ads is Bits-Pays. Use websites where you can do surveys and all kinds of stuff to earn money that also pay in cryptocurrency. The best website I found that is similar to Swagbucks and has the option to pay cryptos is probably Grindabuck. Claim your daily bonus at Firefaucet, collect some Autoclaims during the week and run it during the happy hours on the weekend to get most of it. Instant payments to Faucethub. Step 4: Use semi-passive methods with crypto farming games There are some crypto games out there that have the ability to build you a decent chunk of passive income after a while. The sites require small tasks you do to earn crypto or credits which you can re-invest in stuff that will generate passive income for you. It takes some effort upfront, but once set up they will passively pay you with no additional effort.Here are my favorites: Satoshi-Labs: Claim from a faucet every 5 minutes, do surveys and shortlinks and re-invest your earnings in buildings that will generate satoshis for you every hour. Cryptomininggame: Play a simulated mining game and do missions to level up. As you level up, your earnings increase. This site has a high stacking up daily bonus and can be very profitable once you get to a high level. Bits-Pays: Has several options to earn passive income. You can play their mining game or buy company shares that will give you dividends. It has a lot of attractive offers for advertisers and very high paying ads and daily bonus, too! Bitcoinfun: This is a new website that works the exact same as satoshilabs. Once you're into satoshilabs you will also get Bitcoinfun. I see a lot of potential for this website. Step 5: Fully passive methods So yeah, let's come to the best part. There are options that require no effort at all! Let's go. I've already written about sending my satoshis to Freebitcoin for daily interest, but what you can also do is sending some cryptos to Eobot. They are probably the only legit Cloudmining platform out there that has been paying since 2013. You can also claim some GHS there every 24 hours if you set Mining to GHS 5.0. first, which is cool. I like to send some of my altcoins like Doge and Bitcoin Cash to them and convert them in GHS to earn passive Satoshis. You have probably heart it a thousand times on this sub, but you can also earn Bitcoin by using the two legit autosurfers that pay in Bitcoin by now. This is a fully passive method, just run them whenever you're online. Getcashfree and Fastcashmining. Another fully passive website planning to add crypto-payments soon is Radioearn. Use browser extensions that will automatically generate money for you just for using them: Presearch: This is probably the best search engine I've ever seen. After installing it will be opened every time you open a new tab. You can customize it, so you can choose from searching via Google, Amazon, Reddit, Wikipedia and much more without accessing the websites first. This is very comfortably and the best part about it: You earn Pre-Tokens for every search, which you can later exchange for BTC. Surfe.be: A browser extension that shows you some Banners while surfing the web and pays you some money for it. You can disable it at any time and it isn't over-present at all when surfing (I barely notice the banners). Claim every 24 hours from Mellowads and use it to advertise your ref-links. You can also promote your ref-links on AdBTC, Bits-Pays and DogeAds. Having referrals is another good way to generate some passive income. Sign up for Mannabase. This is a cool project that aims to create some sort of crypto Universal Basic Income for everyone. After signing up you will need to verify your identity and once they accept you, you'll receive free Manna every week. You can then exchange Manna for BTC or USD. As they have a lot of pending approvals, expect it to take 1-2 months before they accept you. Conclusion So yeah, that's basically my main sources and my strategy and I treat it as some sort of site-business. If I am lazy, I spend no more than 10-15 minutes a day to claim the stacking up faucets and daily bonuses on websites and receive my daily interest, payments from Eobot, crypto games and browser extensions anyway. It's really cool to watch your balances, bonus and interest grow over time and who knows? 1$ in Crypto could be 30$ of Crypto in the future. Use this guide as an inspiration to develop your own strategy of acquiring as many Cryptos for free as you can. For me these websites work the best. And I tested a lot of websites. Additional tips: Use different passwords on the websites and write them all down. It can be a hassle memorizing several passwords. Also create a separate e-mail-address for all the crypto websites. To make it easier handling all the websites, group them in a document e.q. all 1 hour faucets, all stacking up faucets and add links, so you can quickly access them when you want to use this particular group of websites. Be patient at first, your earnings will increase over time. Feel free to ask me anything, have fun and happy claiming! :)
How to accept Dogecoin with your business, and why. A few pointers.
THE UPDATED VERSION OF THIS POST CAN BE FOUND HERE. You are a business owner and sell goods or services. You heard about Dogecoin. You wonder how you can use it in your business. This thread is for you. If you have no idea what Dogecoin is, read up on it here (click). In short, it is a digital currency that is perfect for everyday use. Read on if you want to know why it would be good for your enterprise.
Why should I accept payments in Dogecoin?
Dogecoin offers you:
international transfers of any size at near-zero cost (currently less than one cent)
no risk of chargebacks or cc fraud
no base fees
no vendor lock-in
no setup costs except a computer
fast and easy setup (literally minutes to get a wallet)
Dogecoin can be exchanged to national currencies. You can do this easily by yourself or use the automatic conversion offered by some payment processors (all is explained further down). You can also just keep your Dogecoin and spend it or offer it to your employees! :) Dogecoin is fun and it gets ever more useful the more people like you use and accept it. There are other merchants who have gone this path before you - you can read interviews about them and their experiences on this blog. You can also talk with other merchants in /dogevendors, check out these testimonials ([1, 2], 3), search this subreddit and post any questions you have right here!
I want to accept donations. What are my options?
Just download the client and put up the wallet address up on your page with donation info. Done! That's it! If you want something snazzy, check out this widget or this one (or this one) (or this one). If you need to track who sent you how much money (for goodies and that), you could ask that donators tell you that they're sending you a very specific amount of coins (e.g. 100.424242), and match it to their name. However, this can be abused as your transaction history is public. If you're actually selling stuff, check out the next section instead.
I sell stuff online. What are my options?
You have a lot! It boils down to one of these:
1) Manually accept payment with Dogecoin
2) Process payments automatically by integrating a Dogecoin API/checkout into your web store
3) Enter your stuff at a site that sells it for you (think Etsy or eBay, just with Dogecoin)
The last option can be interesting if you don't have your own web store, are selling digital goods and/or are just selling on as a side business. If your business is your main income, handling payment yourself is probably better. 1) Manually processing transactions All you need for this is a Dogecoin wallet. You simply generate a payment address for each of your customers, send it to them and confirm that your coins arrived at the address. This is super fast to set up and there is absolutely no commitment. If you just want to try it out before investing a lot of effort, just set up a wallet (either with the Dogecoin desktop client or an online wallet (listed under Browser "here") and let your customers know that they can now pay with Dogecoin. You can use some of these buttons if you wish( 12345) and browse this asset repository of useful artwork. The graphical interface is still being developed, but you can browse the files and find license information already :) 2) Automatically processing transactions Check out the section on APIs and payment processors further down! 3) Selling stuff through a 3rd-party site There are a number of sites that function a lot like eBay, Etsy and Xmart. You enter your products and they handle the payment and web store stuff. This is most convenient if you have digital goods to sell (music, books...) and want to send them out automatically.
suchlist (Permanent listings, auto-adjusted price, auctions, no fees)
DogeLet (Permanent listings, widget to sell on your website, digital goods ok, 3% fee)
stuffcoins (Auction site, digital items ok and automatic, 2.5% fees)
Dogeslist (Permanent listings, digital items ok, ~4% fees)
If you are an Etsy user who wants to accept Dogecoin, click here.
I sell from a physical store or location. What are my options?
All you need is an internet connection in your store and a web-capable device, such as a mobile phone, cheap tablet or a nearby PC. On-site, your customers can send you coins using their phone, or you can sell coupons for your goods online in advance. DogePos is a point-of-sales app that is open source and Koupah announced that they will accept Doge as well. You can use or apply for all of these tools right now! Either way, all you need is a way to 1) convert a USD price into Doge, and to 2) check that the coins have arrived in your wallet. To check your wallet balance and Doge prices, you can use the app MyDOGE oniPhones and iPads, and this app on Android devices. This is one of many useful price converter websites you can bookmark. Checking your balance on the PC can be done with the wallet client. If you want to sell your goods or coupons for them online, it might be easiest use a ready-made stores capable of digital distribution. Check point "3)" in the above section for some options.
Dogecoin payment processors, APIs, checkouts
Currently, the established platforms accepting Dogecoin seem to be these:
You can probably find people who have used one of these in this thread. This guy volunteered his code for automatic currency conversion and his help setting up the plugin for OpenCart, for example! If you are tech-inclined, you could run your own payment server with dogecoind and an API like this. This is not yet ready for laypeople though, so don't do that unless you want to get messy.
Exchanging Doge to USD/EUGBP/other national currencies
If you don't have your payment processor do it for you, at some point you will want to get your Doge converted to your currency of choice, which you should do at an exchange. Keep in mind that you will have to get registered and verified at the exchange, which can take up to a week. Transfers to and from national currency can take a few days, but trading and transferring digital currencies is very fast and usually near-instant. The following exchanges let you trade your Doge for national currency directly (last updated Sep 17):
ANXPRO (lots of currencies, but based in HK so deposit/withdrawal fees are high)
If your currency is not listed above, you can either sell your Doge here, or exchange them to Bitcoin and then sell those. I find Kraken (EUR, KRW, USD) to be the best option for EUR, but you can sell Doge for BTC on all of the exchanges mentioned above, or choose one from this list. To sell BTC for national currency, you can also go to Justcoin or LocalBitcoins. There are many similar sites - just pick the one you like best! Things get developed incredibly fast and Dogecoin is not even a year old. This will only get easier, so keep checking back! Justcoin is looking to trade Dogecoin to national currency, and others are sure to follow.
Alright! How do I promote my business now that I accept Dogecoin?
Note that there's a collection of Dogecoin artwork and assets for you to use in this repository, complete with license information so you can design your promotions and website with it. 1) Submit your business to these directories:
You will get views, especially if you offer an interesting product or a Doge-related promotion. Hint: the best promotion is to offer a few % off for all Dogecoin purchases. Also post and comment to this just to discuss your plans and ask your questions. Come talk to us here and in /dogevendors, we are a fun community :) This post is not updated anymore. Check the thread linked at the top of this post for the newest version. The last big edits were on Aug 4 (DogeAPI, Prelude) and Sep 17 (Updates on exchanges and websites) and Oct 22 (Moolah).
Stellar Lumens HODL alert: 2017 Round up, Partnerships, Lumens vs. Other Cryptos
Welcome everyone! The future of Stellar Lumens is bright! Today we will look at the accomplishments of Stellar.org in 2017. . . 2017 Round Up • IBM / Stellar Partnership • Kik Messenger’s KIN coin to move from Ethereum to Stellar in 2018 • Stellar ATM introduced in Singapore • Jed McCaleb confirms IBM/Stellar has 30 banks on board (Youtube Video) • Lightyear.io enables forward thinking financial entities to easily join the Stellar ecosystem. • IBM adds 8 new validators from 8 different countries onto the Stellar network (article) • Forbes calls Stellar “venmo, but on a global scale - and for larger bodies like banks and corporations.” • Stellar Lumens Is Up 6,300% Since March and Is Aiming for Big Blockchain Partners (article) • Many new partnerships (listed below) that will be using the Stellar network in 2018. • Binance and GoPax Exchanges Adds Stellar • Ledger Nano S support is now available for Lumens (XLM) • The next coin to break into the top 10 cryptos (article) . . 2017 Partnerships & Financial Institutions • IBM - is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM partnered with Stellar to help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers. • SatoshiPay - a web payment system that helps online publishers monetize digital assets like news articles, videos, or PDFs in tiny increments without friction. • EXCH.ONE - is a FinTech software company based in Switzerland currently working to integrate its platform and its first technology adopter Euro Exchange Securities UK Ltd. into the Stellar network. This addition to the Stellar network will bring access to currency markets of South and Central America,UK and a number of EU countries. • Novati (ASX:NOV) - is an Australian-based software technology and payment services provider. Novatti is currently working to integrate it’s platform into the Stellar network with the ultimate aim to build a global money transfer solution to provide cross border, cross currency and cross asset payments. • Pundi X - is an Indonesia based fintech company that provides POS device, debit card, multi-currency wallet that empowers individuals to buy and sell cryptocurrency at any physical store in the world. They say "buying cryptocurrency should be as easy as buying a bottled water." • MoneyMatch - is a Malaysia based fintech startup that provides a fully-digital peer-to-peer currency exchange platform for customers to transfer and exchange foreign currencies with complete ease and at great value. The company plans to integrate with the Stellar network and enable pay in and pay out from Malaysia. • Streami - is a Korea based fintech company that offers blockchain enabled cross-border remittance service and recently launched a cryptocurrency exchange. The partnership extends both on the exchange side and remittance operations. • Neoframe - is developing and marketing trading solutions for big brokerage firms in Korea and extends its business to blockchain based applications. Neoframe developed high performance centralized cryptocurrency exchange as well as secure wallet solutions and is working with big financial players. The company is planning to launch a remittance business for ASEAN countries (Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei) using Stellar. • SureRemit($RMT) - is a Nigeria based global non-cash remittances company. SureRemit leverages the Stellar blockchain platform to connect immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent on goods and services at accepting merchants wherever they are. • Cowrie Integrated Systems - is a Nigerian based Value Added Service Provider. Cowrie provides services at the intersection between telecoms and finance. Cowrie recently joined the Stellar network to bring novel fintech services to the African market. • Smartlands - is a Stellar-based platform designed to create a new class of low-risk tokens, secured by real, profitable assets in the real-world economy. Smartlands is designed to promote investments in the agricultural sector by allowing investment in individual projects, agricultural companies or indexes of groups of projects. These investments will be fully collateralized by agricultural real estate, other productive assets such as fruit or nut trees or, in some cases, the actual crop. • Klick-Ex - is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets. It has been responsible for dramatic uptake in digital financial services in unbanked regions of the world, and lowering costs for banks, central banks and consumers in low liquidity currencies. Its key presence is in the Pacific and Europe, and it is a founding member of www.APFII.org processing more than 775,000 transactions per second, per billion of population (source). • Mobius - Mobius connects any app, device, and data stream to the blockchain ecosystem. Our simple and easy to use bidirectional API allows non-blockchain developers to easily connect resources to smart contracts and more. The Mobius MVP acts like Stripe for Blockchain by introducing innovative standards for cross-blockchain login, payment, smart contract management, and oracles. The Mobius Team includes David Gobaud, Jed McCaleb (Stellar.org founder), Jackson Palmer (creator of Dogecoin), and Chandler Guo (notorious Bitcoin & blockchain investor). • Chaineum - Chaineum, the first French ICO Boutique, will use the Stellar network for upcoming ICOs. “Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Chaineum is preparing 8 ICOs by the end of 2017, for European, North American and Asian companies, of which cumulative amount could reach € 200 million." (source) • Poseidon Foundation - Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s blockchain technology. This technology will prevent double counting of carbon and will be consistent across jurisdictions, making it easier for companies to deliver and measure progress towards their climate targets or other goals such as deforestation-free commitments. • Remitr - Remitr is a global platform for cross border payments, licensed in Canada. Remitr uses the Stellar network for international settlements for businesses as well as other payment partners. Remitr’s own payout network of 63 countries, comprising several currencies, is extended onto the Stellar network. • MSewa Software Solution (MSS) - MSewa Software Solution (MSS) Payments provides a one-stop digital payment service available across the Globe. MSS Payments aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone. • PesaChoice - PesaChoice is a leader in international bill payment services for the African diaspora. PesaChoice aims at making international bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances. • SendX - Singapore based SendX, in partnership with Stellar, is the better way to move money worldwide. The SendX team believes that the future of transactions is decentralized and distributed, bringing true equity to everyone across the value chain. • VoguePay - VoguePay, with offices in the United Kingdom and Nigeria, is partnering with Stellar to become the cheapest and most efficient way to send money between the United Kingdom and Nigeria. In the coming months, they expect to expand this service to other selected African countries. • HashCash - Hashcash consultants build financial solutions for banks and financial institutions over blockchain. We leverage the Stellar platform to build products that vastly improve the remittance and payments experience for banks and their customers. Transfers happen lightning fast at a fraction of current rates and operational cost is significantly reduced. HashCash is headquartered in India, with operations across South Asia and the Gulf. . . Stellar Lumens vs Other Cryptocurrencies • Lumens vs. Bitcoin: Jed McCaleb spoke at Distributed Markets in 2017 about the advantages, but more importantly, the disadvantages of Bitcoin. Listen to the talk here. Jed said, “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [However, to fix the problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.” • Lumens vs. Bitcoin #2: According to wired.com, "Bitcoin mining guzzles energy - and it's carbon footprint just keeps growing." Wired says "Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day... The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year." Because Stellar is based on a consensus algorithm rather than mining, it takes much less energy to run the Stellar network. The Poseidon Foundation decided to build their platform on Stellar rather than Ethereum or Bitcoin because of this (twitter source). • Lumens ICO tokens vs. Ethereum ICO tokens: According to Stellar.org, "traditionally, ICO tokens have been issued on the Ethereum network in the form of ERC20 tokens. ERC20 tokens are easy to issue and are infinitely customizable using Ethereum’s smart contracting language. However, recent events have highlighted and exacerbated some weaknesses of the network, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution. Moreover, many organizations require only basic tokens; they adopt the risk of Ethereum’s Turing complete programming language without taking advantage of many of its benefits." "While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts. Stellar’s primary goal is to facilitate issuing and trading tokens, especially those tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency." • Stellar vs. Ethereum #2: The median transaction time on Stellar is 5 seconds, compared to approximately 3.5 minutes on Ethereum (source). Stellar has a negligible transaction fee (.00001 XLM ~= $0.0000002) with no gas fee for computation, while depending on the complexity of the computation, the median cost for a transfer on the Ethereum network is $0.094. Security: While both Stellar and Ethereum run on a decentralized network, the Stellar network has fewer security pitfalls. Stellar uses atomic transactions comprised of simple, declarative operations while Ethereum uses turing complete programming capabilities which produces less auditable code and greater risk of exploitable vulnerabilities(source). Recently, a security flaw in the Ethereum network froze millions of dollars. According to Mobius ariticle written by David Gobaud, "On November 6, 2017, Github user deveps199 'accidentally' triggered a bug in Parity, a popular Ethereum mult-sig wallet, that froze more than $152 million in Ether across 151 addresses. The bug impacted several token sales including Polkadot, which has had ~$98 million out of its recent $145 million sale frozen." "Mobius had none of its ongoing pre-sale Ether frozen because we do not trust Ethereum’s Smart Contract based multi-sig wallets given the vast Turing complete attack surface and did not use one. Security broadly is one of the main reasons the MOBI token that powers the DApp Store is a Stellar Protocol token and not an Ethereum token." • Lumens vs. Ripple: According to Wall Street Bitcoin Exchange, "Many investors like to compare the company [Stellar] to Ripple, and there are a lot of similarities, being that some of the founders worked on the Ripple team. In what can now be looked at as another blockchain development drama that plays out on chat boards and in interviews all across the globe. Stellar declared they fixed Ripple’s problems with their hard fork, however, Ripple has failed to admit to any of the flaws in its design that the Stellar team has pointed out." The article concludes by saying, "We Choose XLM Over XRP For 2018. That is why we are going with Stellar Lumens over Ripple in our portfolio for the rest of 2017 and 2018. After holding Ripple for a long time this year, it just never seems to make the big break like other names with bigger market caps like Bitcoin Cash, Dash, and Litecoin have. While we are holding on most all our larger market caps, we feel that Stellar Lumens will be one of the break out coins for 2018." . . Conclusion The stellar.org team is doing an amazing job making partnerships and pioneering the use of blockchain technology for various types of transactions. What we are seeing is a new technology that can actually be used to solve real-world problems. As a community, we need to continue supporting Stellar and we will quickly see it power transactions across the world. What are your thoughts about Stellar? What do you see in the future of Stellar? Any important news you want to share? Comment below.
A short Background 2008 was the worst financial crisis the world had experience since the great depression. The efforts of banks worldwide were not enough to prevent its occurrence. Shortly after, someone by the name of Satoshi Nakamoto offered an alternative solution. A digital currency that removes the need for a central bank. His proposal written in the Bitcoin white paper, is summarized below:
A secure, decentralized network.
A system with economic properties.
No need for banks or rule makers.
Instant transactions without a need of a third party or government approval.
Bringing financial services to the unbanked 2.5 billion people.
Total financial freedom. No one can freeze your accounts.
Low transaction costs. No ridiculously high transaction fees.
A currency with finite amount where no one can print money whenever they want.
Bitcoin In 2009, when Satoshi Nakamoto launched Bitcoin, the network consisted of computers (in crypto terms, these are called Nodes) to approve transactions, movements of data along the chain. This allows for everyone willing to become a participant, creating a decentralized global network. Allowing for a decentralized currency, free of the control of politicians, or institutions. The rules can only be changed if 51% of the network agrees on it. This way the network is completely democratized and resistant to hacking attacks. Unlike today’s financial institutions, no one can freeze your account or prevent you sending money. You are the only person who truly holds your wealth. It is an open source project. Anyone can see the code and offer or discuss changes with the community. On the other hand, anyone participating to the network with computational power gets incentives or pay, with a fractional amount of BTC. Blockchain The core of a secure decentralized network like Bitcoin, lies the Blockchain technology. To put it simply, the blockchain is like a series of Lego, connected to each other by linking information, called transactions. These transactions contain the following data sender, receiver and the unique signature of the sender. The data will be converted into “hash” before being saved into a block. The bitcoin hash is generated using a set of cryptographic functions called sha256. This way the information is encrypted, is compressed and saved in the block. Additionally, each block in the chain, contains the information from the block before it. This ensures that if someone tries to maliciously modify information in a block, all the block following this attempt will be changed, making it easier to spot. Each block includes the information from the previous block. If someone wants to maliciously change the information in one block that change the complete result of all following blocks. In this type of network there is only one blockchain, and all the information is kept in a public ledger which is shared amongst all the participating networks. For the blockchain to be valid, more than 50% of the participants (nodes and their computational power) must agree with it. Bitcoin Today (2018) Until today many, many, events have happened. The network has grown massively. The underlying code is improved in many ways. There are more and more developers and investors that have entered the cryptocurrency space. Currently there are proposed changes being developed to the Bitcoin network that will make bitcoin rival the centralized networks of today (Visa, Mastercard), while significantly lowering the cost of these transaction. Many alternative cryptocurrencies have been created along the way, improving some of the aspects of the bitcoin and focusing on certain applications, in the crypto-space, we call them altcoins. WHY VERGE The way that Bitcoin function, has severe flaws with regards to privacy:
Public Ledger: The transaction information is public, meaning, that transactions can be linked to a person.
IP Leakage: A persistent and motivated attacker will be able to associate your IP address with your bitcoin transaction.
Due to the above reasons, it was clear that there would be a need for a privacy coin. Different coins were then created that had this problem in mind. They were ‘too private’ in the sense that they completely by-passed the public ledger. The public ledger allows merchant to provide proof of transactions, which is important for bookkeeping. Enter Verge Currency, formerly Dogecoindark; which offers transaction on the ledger, both public and private. Allowing the user to choose if the transactions are public or private. VERGE CURRENCY 2014 saw the birth of Dogecoin Dark; in 2016, it was rebranded to Verge Currency. Verge improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy. What is the Verge Currency Mission? Verge Currency aims to empower people around the globe using blockchain in everyday life and makes it possible for people to engage in transactions quickly, efficiently and privately. With Verge, business and individuals now have flexible options for sending and receiving payments. Verge Currency also offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small-scale private payments. Is Verge Currency a private company and how is it funded? Following in the spirit of Bitcoin, Verge is an open-source software, and a community. It is not a company, never had an ICO. The development is entirely funded by the community and the developers. Currently Verge is looking into setting up an official Verge merchandise store, and an Official Verge mining pool, for multiple algorithms. Tech General technical capabilities of XVG blockchain:
PoW (Proof of Work)
Scrypt, X17, Lyra2rev2, myr-groestl and blake2s
Max Coin Supply
16.5 billion XVG
15.2 billion XVG
Tx (Transaction) Speed
Tps (Transactions per sec.)
100 (Will be ~2000 with RSK)
Tor + I2P Networks
fully obfuscated IP address / User's Location is hidden
It enables users to anonymously receive funds to their wallet. Therefore third parties are no longer able to track receivers addresses, nor are they able to combine official wallet addresses with their stealth addresses.
Community Verge is a community-driven project. The community is the pillar of Verge, from the past to the future, the community built Verge. The community or Vergefam connects everyone from around the world, regardless of cultural background. The common vision is to provide everyone access to financial freedom, and the choice of privacy while transacting. Below you can find the Verge Telegram communities from around the world;
Mass Adoption Low fees, quick transactions, high volume in circulation, multiplatform support, Wraith protocol are the ingredients that make Verge perfectly positioned for mass adoption. Transact on the public ledger for everyday purchases or stay private if you wish so. Getting Started You can find the matching instructions as below:
How I earn effortless passive income and how you can do, too! (includes refs)
Hey guys, I'm a twenty-something student from Germany starting his journey to generate passive income and I would like to share my plan with you and maybe inspire you. I really start from scratch and being a STEM-related student money is tight and time is scarce, but I'm dedicated to get this shit up. So, here's what I'm going to do: Getting some basic passive income up by running auto-surfing websites as much as I can. Claiming 1-2 times per day from a crypto faucet (takes so little time that i consider it passive). Using this income to invest into more sustainable passive income businesses like for example my t-shirt business or stockphotography. Designing a few designs every week to additionally get it going. Endgame: Youtube-Channel in the tutoring niche of a highly demanded but not yet provided topic in my subject. Maybe a unrelated health blog with affiliate links, let's see. Daydreaming, man. However, in this post I will just focus on the stuff you don't need time or money for to generate a basic passive income each month. I really encourage you to use this income to invest in further sources of passive income as they are all very unsustainable, but a good way to get that shit started. But yeah, back to the small stuff´for now. Websites that generate passive income simply for leaving them open. It's called autosurfing and it's basically a website that pays you a small amount of money each minute to keep a tab open that redirects you to several sites. It is financed by websites paying the owner to get traffic. Most of them are fairly new so there is no payment proof for all of them yet and maybe one or two can turn out as a scam, but I give them a shot. I mean, hey it's free and you do not need to invest either time or money to get started. Just keep them all open in a window and forget about them. Needless to say they do not make you rich. You better find out for yourself, it's a real easy way to get some extra bucks. The links are ref-links which give both of us a small bonus. I will list pay per minute, minimum payout and max per month if you manage to run them 24/7 (which I don't, but maybe some of you are interested in it). You can cash out via paypal. Starting the list with the highest-paying ones. They all have the same layout, you just need to register individually for each one and click the start earning button. 1) Autosurfing Cashmining.org $0,001/min. Min Withdrawal: $10. Max/30days: $43,2 This one seems too good to be true. But if they are legit I don't want to be the one missing out. Especially as it takes no effort at all to get it running and you can't lose, right? Can be a bit buggy when registrating. Just try a few times in case that happens. getcashfree.info $0,0002/min. Min Withdrawal: $3. Max/30days: $8,46 Second highest paying one. Fairly new. fastcashmining.com $0,00015/min. Min Withdrawal: $2,50. Max/30days: $6,48 miningtraffic.com $0,00012/min. Min Withdrawal: $1,50. Max/30days: $5,19 cashminingbot.com $0,0001/min. Min Withdrawal: $1,00. Max/30days: $4,32 moneymining.xyz $0,0001/min. Min Withdrawal: $2,00. Max/30days: $4,32 fancitos.com $0,0001/min. Min Withdrawal: $2,00. Max/30days: $4,32 -> spanish one, but easy to navigate EDIT: There are some new now. I wrote a guide about autosurfing on medium to get you started. Check it out! This can stack up to $76,29 a month if run 24/7. You get the point. If you only leave them open for 12 hours a day it's still like $38 dollar. There are also premium programs which can increase your earnings even further, but I want a few payments from a site before I look into them. There are few other websites which I skip here because the minimum withdrawal is way too high for the rate they pay or they're not available in english. Another similiar website I can recommend is ebesucher.com. You can use their surfbar and it automatically directs you to websites that pay ebesucher money for traffic. Just like the other sites. It's a bit hard to calculate here since points per visited site do vary, but I estimate that it pulls in about $6 max per month if run non-stop. Get all these websites running in one window and add radioearn.com for another roundabout $8,75 a month. You simply have to open 4 tabs with a radio (you can mute them) and get paid 1 point every 15 minutes. 1000 Points translate into $3,05 (January 19). There are also Apps that pay you cash for swiping a banner away every time you unlock your phone or pay you to receive a few test-sms every other day, but I haven't looked into them yet. I will do so soon and update the post. Oh, and don't forget phone farming! True effortless passive income is real lol. Well, wanna hear more options how you can easily earn some money each month with very low effort? Don't be afraid of cryptos if you aren't into them yet. You'll get into them pretty soon, I promise. And you should definitely give them a try considering that they can rise pretty high in value and can easily be converted to cash if you don't want to keep them. Free money is money, after all. 2) Cryptocurrency So, now at first you need a wallet to do anything with bitcoin and other cryptocurrencies. There are a lot of free alternatives, just search the internet to get started. Personally, I use Atomic-wallet on my Laptop. Next step you need to register on Coinpot.co. It is a microwallet where all your earnings from the following faucets are directly transfered to without a fee. A faucet is a website with a lot of ads on it that pays the visiter a share of the revenue in cryptocoin. Problem with most faucets is that you can claim the same amount of cryptos every set time, for example all 15 minutes you get 30 satoshi (bitcoin-unit), but if you claim every 50 minutes you'll also get 30 satoshi. And in most cases you need to accumulate a very big amount of coins to get them transferred to your wallet. This is not the problem with coinpot, however. The featured faucets all stack up. This is the big advantage. You can claim them every 5 minutes, but also only once a day or even every second day and the amount you get will still keep on getting higher. The withdrawal amount to get them to your wallet is also very low (3,6$ worth of cryptos) and can be easily reached within like 15 days. So yeah, I recommend you to get yourself a second e-mail for coinbot and the following stuff. Coinpot has a really nice layout and supports 5 different cryptocurrencies (Litecoin, Bitcoin, Bitcoincash, Dash, Dogecoin), which you can exchange for one another without fees. I always transfer all my cryptocoins and the tokens (you get tokens as bonus points every claim) to bitcoin to be able to withdraw them faster. Okay, so here's what you do: You register on coinpot. And then you sign up with the same mail on these faucets: Moonbitcoin faucet for Bitcoin Moonlitecoin faucet for Litecoin Moondogecoin faucet for Dogecoin Moondashcoin faucet for Dash Moonbitcoincash faucet for Bitcoincash Bitfun another faucet for Bitcoin (If you have some more spare time you can also join Bonusbitcoin, it won't stack up, but you can claim every 15 minutes and it will reward you with a daily bonus. Pays pretty decent, but isn't really that passive. Here's how it works: The amount you get will stack up until you claim. When you claim you need to resolve a short chapta to prove you're human and you will receive your cryptos directly in your coinpot wallet. You will get tokens for each claim you make which you can exchange for cryptos. You will also receive a bonus each time you claim. +1% per each day you claim in a row and a random bonus between 0-100% which is really cool especially when you wait long for them to stack up and then receive some 87% bonus lol. You can claim every 5 minutes if you want, but it's not really worth your time. I suggest claiming them 1-2x a day, only 1x for the most passive way and to get your daily bonus going up. I claim them every now and then, mostly like 1-3x a day, sometimes when I'm on my laptop anyway and bored more often and I generate like $5 worth of cryptos a month. Considering you don't do anything but click the captchas a few times a day which takes you like 2 minutes for all of them it's a very nice small income stream. Another cryptorelated thing which truly is completely passive is Mannabase. You should definitely check them out! They have a very appealing website and their vision is to create a universal basic income for every human being. You need to register, verify your ID to them and they will pay you some Manna every week without you doing anything. You can exchange this coin for bitcoin or dollar then. 3) Other stuff This isn't actually passive, but I always keep Profilic.ac open, when I'm on my laptop. It is an academic survey portal that actually pays very high (like 9 British Pounds) per hour. They don't have many surveys, so I'll always let the window open and check from time to time if there is a survey I can reserve for myself. I sometimes also use Grindabuck.com for some passive video watching and the daily check in bonus. Video section is a bit buggy though, so you need to babysit it a little more than the autosurf-websites. It's like Swagbucks where you can fill out surveys and stuff. But I don't invest much time on those, just do a survey once a while to get to the withdrawal amount on those. Oh, and Swagbucks is pretty nice for Cashback here in Germany. So, yeah. That's my guide to all of the shit I do on the internet lol. You can easily pull in up to $80-90 a month if you're dedicated. It's up to you how much you use this stuff, but I think it's a good start to passive income. I aim for a minimum of $40 a month to invest in my more sustainable passive income businesses and try not to miss any free opportunities on my way. Right now I got a browser window open making money for me and another one with cryptos waiting to be claimed while I write this post. You could do that, too! Absolutely no effort besides the initial setup. If you use my referral-links you get some bonuses, support my journey and I hope you can start yours soon, too. So long. Happy earnings and keep grinding!
Greetings fellow shibes. I would like to share my personal views with the many members of our community who are understandably concerned about the recent decline in the purchasing power of our Dogecoins. I want to explain you why I genuinely am not worried at all, and do it without mention of 1 DOGE = 1 DOGE. Ok I guess I just mentioned it, but you know what I mean :) Here is the logic behind why I do not worry about the short-term price of Dogecoin. My reasoning has 3 assumptions that lead me to 2 conclusions: Assumption 1: In the near future, millions of people around the world will be interested in using digital currency. Assumption 2: Digital currency can be confusing and intimidating at first. A large percentage of people using digital currency for the first time will use the currency that is easiest for them to get started with. Assumption 3: Dogecoin is the most accessible and welcoming community for people who are new to digital currency. Conclusion 1: In the near future hundreds of thousands or millions of people will start using Dogecoin. Conclusion 2: If hundreds of thousands or millions of people start using Dogecoin, the price will increase significantly. If you don't share my assumptions or conclusions, then of course you will have a different set of priorities! But when I'm thinking about an issue with Dogecoin, I simply ask myself if it will have an impact on the number of people using Dogecoin in 6 or 10 months. Things that I care about because they affect the chances of millions of new shibes joining us:
Strengthening the generosity and spirit of our community
Creating Dogecoin services, games, art, and culture
Things that I don't care about because they don't change the fundamentals of Dogecoin:
I don't care whether DOGE is at 103, 113, 123, 133, 143, 153, 163, or 173 satoshis today. The price right now is largely determined by the rich Bitcoiners who dominate the altcoin markets. There is nothing we can do to affect their trading or their personal feelings about Dogecoin, and we simply have to accept that. They will lose their influence over the price when there is greater demand for Dogecoin as a currency instead of as a speculative altcoin for Bitcoiners. If 500,000 people are using Dogecoin they'll be a drop in the bucket.
I don't care about the short-term impact on the exchange rate of converting donated dogecoins into fiat to give to a charity. It makes me very sad to see anyone suggest that we stop donating and doing cool projects because it might temporarily drop the price by .2%. As shibes we do these things because they're the right thing to do. Furthermore, it's extremely short-sighted to abandon what makes Dogecoin special for a tiny short-term price bump when what matters is how many people are using Dogecoin in 6 months.
I don't care that much about what multipools are doing. We've done as much as we can in the short-term with DigiShield, and there is another halving coming in a matter of weeks. We can worry all we want about Dogecoin supply (which is fixed), but it's the demand that ultimately matters.
I would be interested to hear what assumptions and conclusions others in the community have, or if I've missed some important factors here. Thank you for listening! Ben
Of Wolves And Weasels - Day 22 - A New Chapter Begins
Hey all! GoodShibe here, This is an exciting time for Dogecoin right now - I mean outside of all the new shibes flooding into this sub - we're starting to do something that very few coins have managed: A legal, direct exchange from DOGE to USD/CAD currency and back. This is happening, starting today, over at Vault of Satoshi. Yes, there are some hurdles to jump through - legal stuff, mostly - but it's there and it's up. It exists. Not only does this show an incredible amount of confidence in our currency -- it's a lot of work to even start to put together an exchange from USD/CAD to cryptos -- but considering that our currency is only around 7 Weeks old that tells you exactly how hard we've all been working. Every tip to a new user, every funny little Dogecoin meme, every $20 ad tossed up on Reddit, every act of compassion and charity - little by little we're bringing people to us, our confidence and compassion and flat-out sense of fun is infectious. In a time of world turmoil, of uncertainty, we're still doing what we do best -- and people want to be a part of that. This is a HUGE victory for us. It's also an important victory for us in another sense, as it allows us to begin the process of detaching ourselves, at least partially, from Bitcoin. This is both good and bad in that when Bitcoin rises, historically, we've gone with them -- and when they fall, so to do we. We're not cutting the cord entirely, but considering that the main way to get DOGE has been buying BTC and converting it to DOGE through an exchange, this will allow us to forego one major step in the chain. And as more and more exchanges start to come on board, allowing us to move freely to and from DOGE, this cord may even end up being cut entirely. Meaning we'll be on our own. If that's not both exhilarating and scary as heck, I don't know what is. But it's coming down the pipe. And maybe sooner than we think. The timing also works well because of the level of FUD (Fear, Uncertainty and Doubt) going around in Bitcoin as of late. Yes, on the surface, everything's fine - they've been getting great adoption rates lately and really are doing quite well (and I wish them well). But there's a general uncertainty building thanks to articles like this: Mega Default In China Scheduled For January 31 Additional Sources Confirm China’s Payment Processor Ban, Bitcoin Price Falls $200 Now, yes, these articles are around/over a month old, but both articles -- being from reputable sources -- say one very important point: On January 31st, Chinese New Year, the People's Republic of China will be closing all 3rd party payment processors. This further limits people's ability to exchange - and use - Bitcoin in China. Bitcoin's greatest rise and fall was because of the influx of -- and outpouring of -- Chinese investors last year and the sting, while mostly healed, can still be felt in stories like this. And rightly so, it was one heck of a sting. You see, when the Chinese Government put regulations on Bitcoin, a lot of investors panicked - thinking that Bitcoin was being outright banned (which was wholly untrue). That panic fed into a massive campaign of fear and disinformation, causing... well, pretty much a mass hysteria, leading to investors ditching the currency almost as fast as they'd bought it up... and that caused a severe and violent crash. Now, granted, this move has been telegraphed for a very long time (over a month now) so it should be no surprise and that when the 31st hits, those who wanted out will have already gotten out. But there's still that sense of uncertainty, wondering exactly how smooth the transition will be. For Dogecoin, a decent chunk of our growth has been from Bitcoiners looking to diversify their portfolios, looking to protect themselves from these sorts of general gloom and doom scenarios that push their currency down. Hopefully, once the 31st passes with a smooth transition, BTC will start its climb again. But for Dogecoin, having these exchange options open to us, it can and will insulate our currency from these sorts of issues. The biggest problem was that Bitcoin was entering a market where the Government hadn't yet decided what to do about Cryptocurrencies - so all eyes were focused on what the PRoC were going to do about it. Which, again, created uncertainty. Seeing how Bitcoin blew up like it did, and how China has a history of knocking down things when they get too big on their own (see QQ China's first uber-successful virtual currency) it all makes sense... in hindsight (20/20 vision being what it is and all). The good thing about Dogecoin is that we're being exchanged in a market that has already made themselves pretty clear about how they feel about cryptocurrencies - Canada treats them like a commodity - which should help protect us, barring a sudden change of attitude/regulation from the Canadian Government. All-in-all, this is truly the start of something huge for Dogecoin. Not only is this a severe blow to scammers (which, as mod of /Dogecoinscamwatch, fills me with endless amounts of joy) but a lot of eyes will be watching VoS, and if they start making money - good money - others will jump in to grab a slice of that pie (which will further help stabilize our DOGEs). And that's why NOW is the time to capitalize on it. We need to get more outreach efforts off the ground, more charitable responses. I'll be donating 20,000 DOGE (10K from me, 10K from ericnakagawa) - on top of the 5K I've already given - to BellLetsTalk on Twitter, a campaign to raise awareness for Mental Health. They don't take Dogecoins, but hopefully, when they see that there's a decent amount of them coming in, they'll be amenable to it. Money is money is money, right? Especially now that they can exchange those cryptos on Vault of Satoshi and get their money's worth. Incidentally, that 15K Doge I'm donating is ENTIRELY from you. Your tips. What you've given to me, I am giving back in outreach. That 5K I gave to Notch, to try and get his attention (Which, sadly, it seems, did not work) was also from you. So far your tips have amounted to approximately 40,000 DOGE since I've started doing 'Of Wolves and Weasels' and I've been using most of that money on outreach, on tipping, and doing what I can to help spread the word. (I'm saving a bit for myself too, hope you don't mind :D) Let's keep on getting the word out there, folks! We're doing amazing things -- and even better things are waiting for us, just out there on the horizon. It's 8:38AM EST, we're at 38.65% of DOGEs found. Our Global Hashrate is down into a semi-stable ~77 Gigahashes per second - after a massive spike to ~224 very early this morning - and our Difficulty is falling from ~1070 to ~1011. Looks like another nice day to hit the mines, people! Let's get to it! :D) As always, I appreciate your support! GoodShibe EDIT: I've set up This Thread for anyone who'd still like to join in and make a donation to the BellLetsTalk fund, even though the big day has passed. Thank you all!
Thought I would share this chat I had with James Lovejoy last night. Super generous of him to provide this much access and time answering questions. I was already a HODL'er, but this solidified it. beerfinger [1:28 AM] Just read through the entire rebranding thread in the Vertcoin subreddit. Earlier today I also watched some of Crypto Hedge's interview of James Lovejoy from last August on YouTube. I understand both sides of the rebranding argument and have tried to play devil's advocate. Right now I do believe that the argument against rebranding is stronger. Full disclosure: I've worked in marketing/advertising my whole career and just recently got into cryptos. With that said, there are two questions that keeps nagging on me: [1:28] 1. this coin has been around since 2014, so nearly 4 years. James seems like an incredibly smart and capable chap, but I'm just going to go ahead and assume the he hasn't always been the Lead Dev while he was in high school. Presumably there was someone before him and, after he graduates and moves on to whatever it is he's going to do with his life, there will be someone after him. Yes? So, with all due respect to James, as an investor in VTC, what assurances are there that this isn't merely an interesting side-project for a brilliant MIT student with little interest/incentive in its value as an investment portfolio? If the value of this coin to James is that of a college project, that is something I as an investor would like to know. jamesl22 [1:32 AM] Hey! [1:33] I've been the lead dev since Nov 2014 [1:33] (while I was in high school) [1:33] And I've kept at it through college, I certainly don't intend to go anywhere [1:33] Plus, there are more who work on this project that just me beerfinger [1:33 AM] 2. I've read complaints about Vertcoin from people who poopoo its usefulness. Decrying it as "just another coin trying to be Bitcoin with not much differentiating it." People don't seem to view the ASIC thing as a big enough differentiator to make VTC stand out. There seems to be a kernel of truth to that as part of the argument against rebranding seems to be a tacit acknowledgement that it should not occur until a major change in the development is launched. So my question again stems back to James' motivations and incentives here. Is this a convenient use case for some college thesis? Or is the team really working on coming up with a major change in development? [1:34] hey James! wow, thanks so much for your quick response [1:34] great to actually communicate with you. and I stand corrected. very impressive that you started on this so young. I can see why MIT accepted you :slightly_smiling_face: [1:36] my questions still stand though: I'm not trying to insult you so I hope you don't take it that way, but as someone who considers VTC part of my investment portfolio, I am very curious to hear about your incentives. You clearly have noble intentions. But what is your ultimate goal? What's the end game? Is it the same as Satoshi's was? (assuming he was really one person who existed) [1:37] Or is there something else? jamesl22 [1:37 AM] I think it's the same as Satoshi's [1:37] To recreate the financial system in a fairer, more distributed way [1:37] My research at MIT is totally separate to my work on VTC, though the two are complimentary (both are in cryptocurrency) [1:38] In my ideal world everyone runs a VTC miner and full node in their home, banks become narrow banks and clearing houses/stock exchanges are a thing of the past [1:39] The rewards of the financial system (in the form of transaction fees) will be distributed to the people, rather than siphoned off by banks or ASIC manufacturers as happens now (edited) goodminer [1:40 AM] :thumbsup: beerfinger [1:40 AM] I see. That is compelling. So, being that's the case, that sounds to me like something worthy of a brand, no? [1:41] Unless you think there are other coins on the market with the same goals. In which case, what will differentiate VTC? jamesl22 [1:42 AM] I don't think there are any on the market with as strong of an ideology as us [1:42] Or any that can demonstrate that it follows through on its commitments [1:42] The way I see it, VTC went from being worth $0.01 last year to 100x that now [1:43] I don't see how a rebrand can possible accelerate already parabolic growth [1:43] Bear in mind, that until a few months ago we had 0 marketing, that is where our focus should be now beerfinger [1:44 AM] Fair. I'm curious, what do you think it SHOULD be worth? [1:44] I mean right now, at this moment. jamesl22 [1:44 AM] I don't think I should say, the SEC might be watching us beerfinger [1:44 AM] Not in the future. [1:44] haha [1:44] ok [1:44] Can you say if you feel it is undervalued? [1:44] or overvalued jamesl22 [1:45 AM] I will say with confidence that 95% of the top 100 is severely overvalued beerfinger [1:45 AM] coins you mean jamesl22 [1:45 AM] Yes [1:45] On coinmarketcap [1:45] If you visit most of their websites, there is no code at all [1:45] Yet it's worth many times what VTC is worth [1:46] Where VTC has been established for nearly 4 years, bug free and features well demonstrated [1:46] VTC also had LN and SegWit on main net before LTC or BTC (edited) beerfinger [1:46 AM] Yes I mean your statement doesn't surprise me. It's a nacent market. Lots of snake oil, clearly. [1:47] I guess to steer this back towards the branding/marketing of your coin though, you clearly feel strongly about it and have a clear vision. Do you feel that as it stands the branding conveys that sentiment? jamesl22 [1:47 AM] When you say branding, I assume you mean "vertcoin" and the logo? beerfinger [1:48 AM] yes. logo, color scheme, etc... [1:48] name even [1:49] also to clarify one point, when I say that you clearly feel strongly about it, the "it" refers to your coin (not the marketing of it) jamesl22 [1:49 AM] I think it's largely arbitrary beerfinger [1:49 AM] why is that jamesl22 [1:49 AM] Most coin names have no meaning whatsoever [1:49] Google, the largest tech company in the world has a silly name [1:50] Litecoin (whose name ought to imply it has fewer features) is #4 beerfinger [1:51 AM] I wouldn't underestimate the amount of strategy that went into branding Google (and continues to this day) jamesl22 [1:51 AM] What's most important is the pitch, how can you convince someone who knows nothing about the technicals behind cryptocurrency, that ASIC resistance and decentralisation is important? [1:51] Yes, but the original branding was arbitrary and haphazard [1:52] Yet the technology spoke for itself [1:52] Now it's in the dictionary [1:53] Spending lots of time and money on a new name/logo, trying to get community consensus on that and then redesigning the website/subreddit/wallets/other services to reflect the changes is not where I think we should focus our small resources [1:54] My goal over the next year or two is to take VTC from speculative value to real-world value [1:54] So point of sale, ease of use, that's the focus now [1:55] I aim to over time provide complete solutions for merchants to implement VTC at point of sale, for laymen to set up nodes and miners in their homes [1:55] As well as potentially enterprise support if we get big enough beerfinger [1:55 AM] It sounds like this is your intended career path then, yes? jamesl22 [1:55 AM] In some shape or form, yes beerfinger [1:55 AM] Wonderful [1:55] When do you graduate, James? [1:55] If you don't mind me asking slackbot Custom Response [1:55 AM] I AM talking to you aren't I ! jamesl22 [1:56 AM] Charlie Lee worked at Coinbase for several years before returning to LTC a month or two ago [1:56] 2019 beerfinger [1:56 AM] So you're a Sophomore? Or are you in graduate school? jamesl22 [1:57 AM] Junior chuymgzz [1:58 AM] @beerfinger can you imagine when people first heard the word "dollar" like WTF is a dollar where did it actually came from. It actually comes from Czech joachimsthaler, which became shortened in common usage to thaler or taler. Don't pay much attention to the name Vertcoin, just take a look at the tech. If you buy into this coin's ideology, you will actually start to like the name. jin [1:58 AM] Hey guys :slightly_smiling_face: [1:59] @chuymgzz but not everyone looks purely at the tech, if we look at the top 100 coins, you would know whats going on :stuck_out_tongue: beerfinger [1:59 AM] Cool well thanks for indulging me, James. I really appreciate it. Hopefully this conversation continues in the future. While your probably right that right now is probably not the right time, that doesn't mean at some point in the future it won't be. In the meantime, I'll take comfort in the knowledge that I've invested in a worthy cause. chuymgzz [1:59 AM] Longer term only the functional ones and the ones that deliver will survive and a whole ecosystem will be built around it jin [1:59 AM] buzz and hype is unfortunately a large part of it beerfinger [2:00 AM] *you're jin [2:00 AM] that is true, but without marketing to draw in attention (which leads to usage and so on etc) it will be difficult for a functional one to survive even beerfinger [2:07 AM] @james122 One more thing: how do you feel about regulation? Pro or con? Do you feel that the idea of nation states like the US and China (ergo the ICO ban) taking it upon themselves to place restrictions on the market to try and make them safer is anathema to the idea of decentralization? Are you a full on libertarian in that respect? Or do you welcome regulation because it'll separate the wheat from the chaff? jamesl22 [2:07 AM] I think we need a sane amount of regulation [2:08] ICOs are clearly illegal imo [2:08] Unless they are performed under the same rules as an IPO [2:09] Plus I don't want to create a safe harbour for child pornographers, people traffickers and terrorists to store their money [2:09] However I do think the state has no right to spy on you without a warrant (edited) beerfinger [2:09 AM] You mean you don't want to be Monero? :slightly_smiling_face: jamesl22 [2:09 AM] No [2:10] I will pursue privacy features that make the pseudoanonymity provided by the blockchain easier for people to use effectively [2:11] That way, it is not obvious to anyone your holdings or transactions publicly (edited) [2:11] But things like sting operations would still be theoretically possible beerfinger [2:13 AM] Love it. I still feel the branding thing will need to be revisited at some point. I don't know what that means, exactly. Whether its as small as a font change to something bigger like a new color scheme, logo or even name, I'm not sure of. The ideology is strong, but as it stands Vertcoin doesn't have a clear differentiator in the market. I'm not sure that matters so much yet at this time, but it will. [2:15] You clearly have a strong vision, I'm just not sure it's being communicated effectively yet. Hence, haters who say Vertcoin is just trying to be another Bitcoin. workstation [2:15 AM] beerfinger might be a huge whale sniffing out Vertcoin before a huge loadup. Not that, that's a bad thing :stuck_out_tongue: beerfinger [2:15 AM] haha... I wish jamesl22 [2:16 AM] Vertcoin is trying to be another Bitcoin lol [2:16] It's picking up where Bitcoin left off [2:16] If people want a decentralised cryptocurrency, they should use Vertcoin [2:17] Bitcoin just isn't one anymore [2:17] Neither is Litecoin (edited) beerfinger [2:20 AM] Semantics really, but if that's the case then that means Vertcoin isn't trying to be another Bitcoin. Bitcoin is already Bitcoin, which is a coin that did not fulfill it's promises. Vertcoin, on the other hand, like you said picks up where Bitcoin left off. I'm not sure that's being communicated by the brand (yet). Doing so may have nothing to do with rebranding (unless rebranding generates a bigger social following who then helps you communicate that). workstation [2:20 AM] You've continued on a great coin James and no doubt Vertcoin has great features vs other coins, however without widespread use and adoption, Vertcoin might just become another coin without much use. The marketing side is sometimes even more important than the development side. Just need to look at history for that. E.g. Early version of Windows was buggy, bluescreen of death plagued it. But with heaps of $$ and marketing, Windows is pretty rock solid these days. atetnowski [2:21 AM] joined #marketing. jamesl22 [2:22 AM] Yes, agreed to both statements [2:22] We're working on it, but it takes time and money [2:23] But really, adoption is pointless until point of sale works properly [2:23] When you can get it into people's physical wallets, or phone and they can spend it in a store, that's when it takes off (edited) [2:23] Walmart, Target, all the big retailers hate Visa and Mastercard workstation [2:24 AM] Thats a long way off... Even Apple and Samsung are struggling in that area jamesl22 [2:24 AM] They would love a solution that opted them out of having to pay their fees beerfinger [2:25 AM] @workstation To play devil's advocate for one sec, most successful people in the world don't achieve success because they tried to achieve success. Success is merely a byproduct of their passion. I do believe that James' commitment to the ideology can be sufficient. But it is true that the branding should communicate his vision. That is a constant conversation, too. workstation [2:25 AM] yes, true jamesl22 [2:26 AM] What we really need is talented content creators to make compelling media that explains the vision in a layman friendly way [2:26] Thus far the message has been far too technical [2:26] But in the past, the space was mostly populated by technical people so that is understandable [2:26] It is only in the last 6 months that the general public has started to get involved [2:27] Sadly "ASIC resistance" doesn't speak to them beerfinger [2:27 AM] @james122 While it's true that universal adoption is key, you can say that about ANY coin. Even dogecoin would suddenly become a real coin if everyone up and decided to start using it one day. What's your strategy for making VTC that coin? jamesl22 [2:27 AM] Whereas I think taking power from banks, chinese miners and giving it back to the people can be far more compelling workstation [2:27 AM] We take Visa and Mastercard at our stores. We only do it because it boosts sales. People these days are all borrowing on credit because they don't have enough.... Paying on their CC# lets them buy things now (instant gratification) and slowly pay later. They managed to get banks on board because they make so much money on the interest. There is a clear reason why those cards satisfy a demand. We get charged about 1.5% by VISA/MC. To be honest, it's not a real deal breaker. beerfinger [2:27 AM] haha, well, james you're talking to the right guy :slightly_smiling_face: [2:28] My career is content creation [2:28] I have nearly 20 years producing commercials and (lately) social content for global brands mikevert [2:29 AM] joined #marketing. beerfinger [2:29 AM] I would be happy to consult and provide any assistance I can [2:29] "taking power from banks, chinese miners and giving it back to the people can be far more compelling" - that's your modus operandi [2:29] you can definitely tell that story in a compelling way [2:30] Question: have any crypto's ever created any sort of ad before? Even just for social content? (sorry, I'm new to this space) jamesl22 [2:30 AM] Well we'd obviously be grateful for your assistance [2:31] I'd imagine so, though I don't follow many other coins' social media very much goodminer [2:31 AM] @beerfinger lets chat :smile: We've been working on a lot of initiatives over the last few weeks jamesl22 [2:31 AM] @workstation 1.5% to a huge retailer is a large sum of money though workstation [2:35 AM] I don't see any coin being widely used to be honest. They fluctuate way too much. Say a typical consumer whose after tax salary is $1000/week.. He buys groceries at the store for $1/Liter. This is simple maths for him, he knows it's going to cost $1 each week, inflation may make it rise to $1.10 next year, but he understands that. With coins, the price of his milk is too hard to calculate. [2:37] Why would Bob switch to using coins, when Visa/MC give him so much more? He doesnt pay the processing fee (1.5%), he gets free credit (these days, banks will easily approve 10k credits). Why would he switch to Vertcoin? jamesl22 [2:37 AM] @workstation, volatility is high because market volume is low [2:38] I think it will take another financial crisis or two though before people start to abandon fractional reserve banking (edited) workstation [2:42 AM] As long as bob gets his paycheck, he's not going to care what happens at the fed jamesl22 [2:43 AM] Bob ain't gunna get his paycheck one day though [2:44] Because the credit ponzi scheme economy will have collapsed workstation [2:48 AM] yes, the fed can print whatever it wants out of thin air... But its backed by US tax payers to the tune of 2+ trillion/year with most banks adhering to loan capital requirements. E.g. they need a certain amount of money deposited before they can loan more money out. What is Bitcoin/alt coins backed by? Seems like its somewhat of a ponzi scheme now, with everyone piling in thinking it will go up forever. I get that BTC is backed by real energy usage/capital requirements to mine it (asic equipment, datacenters, etc), so its more "real" than $1 USD, but they both service a purpose. axelfoley75 [2:49 AM] joined #marketing. workstation [2:51 AM] but whats the end goal because it seems they all become ponzi schemes. The only true coin will be one that will not allow any fiats be converted to to coin. [2:51] the only way to earn a coin, would be to mine it, wouldn't you think that that would be the truest coin? [2:52] right now people are just moving wads of fiat money into coins/alt coins, thereby skewing everything. beerfinger [2:54 AM] just jumping in here with one last comment before I go to sleep: money, whether we're talking salt, precious metals, fiat currency, or cryptos, is just something that we all agree to prescribe a value to. That being the case, how are you going to stop someone from trading that value for something they want? If someone wants to trade their cryptos for chickens, a latte, USD or anything else, they're going to do it. No point in trying to regulate what people spend their money on or how they do it. Seems the antithesis of the whole decentralization thing anyway workstation [2:57 AM] true aegisker [3:02 AM] I belive when crypto matures, has fast and easy payments solutions, volume will rise and price will be more stable. Current price is speculation due to news and new development. I dont belive that after 10 years we will be seeing such swings. beerfinger [3:04 AM] sorry keep thinking of new stuff... @jamesl22 your point about POS is salient. What's your perspective on coins like TenX that try to address that with payment platforms and cards? [3:05] is that what you mean? nuts & bolts, how would Vertcoin become a POS option? aegisker [3:06 AM] How is usdt keeping its price around usd? beerfinger [3:07 AM] don't they just keep up with USD inflation by making sure there's an equal amount of tokens to USD in the market at any given point? jamesl22 [3:07 AM] Integration of LN and AS is key [3:07] Then providing some hardware or software solution to integrate with payment processors [3:07] I haven't looked at tenx beerfinger [3:07 AM] so Vertcoin IS actively pursuing this then [3:08] interesting [3:09] perhaps there's some way to leverage things like ApplePay jamesl22 [3:09 AM] I doubt it [3:09] ApplePay's design is fundamentally different beerfinger [3:09 AM] I mean it doesn't have to be ApplePay itself. Can be a separate app lucky [3:09 AM] Having bitcoin or altcoins tied to your debit card isn't unbelievable jamesl22 [3:10 AM] Of course not [3:10] But it is suboptimal beerfinger [3:10 AM] yeah sort of kills the whole decentralization thing lucky [3:10 AM] in fact if we are going the whole hog and saying fiat collapsed. You'd be silly to think the banks would standby and let crypto take over without them beerfinger [3:10 AM] now we're relying on banks again lucky [3:11 AM] At the first sign of crypto succeeding fiat. Banks will take over [3:11] Because they can trade their fiat to coin [3:11] Government too aegisker [3:12 AM] Well, banks issues debt, whole market is built around debt. Crypto would take that away [3:12] This will be hardest transition jamesl22 [3:12 AM] If the crypto market ever gets to say $1tril, the banks will use their lobbyist army to squash it as best they can lucky [3:13 AM] Is it not possible crypto gets immediately regulated into the banking system as soon as it passed fiat in some way jamesl22 [3:13 AM] They don't care right now because the space is tiny compared to their own equity lucky [3:13 AM] Yes exactly James beerfinger [3:13 AM] i like the idea of leveraging NFC tech as a way to introduce crypto to POS purchases... everyone already has a smart phone so no need to reinvent the wheel... it's basically just an app lucky [3:13 AM] If finance is going to change politics needs to too [3:14] Nfc seems like the way. Yeag [3:14] Lots of the android wallets leverage it aegisker [3:14 AM] No need for nfc, nfc was kinda overhyped. Qr codes can work equally good jamesl22 [3:14 AM] @beerfinger I think LN will allow us to achieve that lucky [3:14 AM] Lol qr [3:14] Who has ever scanned a qr.... jamesl22 [3:14 AM] We just need a hardware implementation for the reader beerfinger [3:14 AM] sorry james, what's LN? lucky [3:14 AM] Apple made sure qr never worked jamesl22 [3:14 AM] Lightning Network beerfinger [3:14 AM] ah aegisker [3:15 AM] If u use your phone, why complicate with nfc, is there a security benefit? beerfinger [3:15 AM] the infrastructure is there... most readers i come across these days are already NFC compliant jamesl22 [3:15 AM] QR can work, but requires a high res display in the POS device [3:15] Which would increase costs [3:15] NFC is cheap af lucky [3:16 AM] Yep. Qr is extremely requirement heavy aegisker [3:16 AM] For example, pub: you get check with qr. U pay with your phone. Waiter sees on his computer that its payed. lucky [3:16 AM] Look at Asia and south America [3:16] Nobody can read qr aegisker [3:17 AM] I europe all checks already have qrs for tax checking lucky [3:17 AM] I work in global marketing. Qr is completely unadopted in the real world [3:17] Yes in no public scenario qr is used aegisker [3:17 AM] Where you from? lucky [3:17 AM] Uk [3:19] A decade in marketing I can tell you for sure Joe public doesn't scan qr codes [3:19] James is right. We need an alternative hardware solution [3:19] And I think I unique piece of tech in public would drive massive interest aegisker [3:20 AM] In slovenia, croatia, austria(i tjink) there is law that all transactions in coffeeshops or shops(everything with fiat transaction) is sent to tax authority as soon as check is printed. U get qr code on your check, so you can check if tax s paid for your service. This is to prevent black markets and unauthorized sellers. Works pretty well. If you frequently scan qrs you can get some bonuses.. [3:21] Public got used to this pretty fast. lucky [3:21 AM] So there's an incentive aegisker [3:21 AM] So also you could print qr shop wallet addr. lucky [3:21 AM] Kind of skews the ease of adoption stat we are looking for aegisker [3:22 AM] Costz nothing lucky [3:22 AM] Costs a smartphone with a quick camera [3:22] How about in a dark club beerfinger [3:23 AM] I came tonight with many questions about Vertcoin. Namely the incentives of the Devs and how it differentiated itself in the marketplace. All of those questions have been answered as best as I could have hoped. The only thing left is figuring out a way to tell that story. @jamesl22, all of the things you've said tonight are reassuring and exciting. They provide great promise for the future of this coin and even more - your goals, if realized, are truly category shifting. This is such a compelling story. TELL IT! lucky [3:23 AM] Asking every transaction to require an in focus photo capability is insane, imo aegisker [3:23 AM] uploaded and commented on this image: IMG_20170908_092307.jpg 1 Comment Thats how it looks lucky [3:23 AM] We need something similar to a contactless debit card [3:24] Good luck scanning that in the dark with a £100 smartphone. Though. aegisker [3:24 AM] For starters this is easiest solution for early adoption (edited) workstation [3:25 AM] why not something short like vCoin. Then u could make it go off V=Vendetta, sort of has a nice mystery, anti establishment aegisker [3:25 AM] You just need plugin for your pos software that checks your crypto wallet for received funds [3:26] Imo this is easiest way to implement first public purchases of beer or coffee beerfinger [3:26 AM] by the way, less is more when it comes to branding [3:26] look at apple [3:26] i love this example: https://www.youtube.com/watch?v=EUXnJraKM3k YouTube Brant Walsh Microsoft Re-Designs the iPod Packaging [3:31] and there's always something to be said for ad wars... apple's david vs goliath attack ads vs microsoft is what put them back on the map [3:31] that could be a great angle for Vertcoin... go after Bitcoin [3:31] make fun of it the way Jobs poked at Gates [3:32] that's just my 2 Vertcoins
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