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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
Now it is a well known fact that money is any commodity which has durability, portability, divisibility, uniformity, limited supply, and acceptability. Now bitcoin has all these functions except for the last one which is why more banks and financial institutions don't readily recognize it as such. The question I would like to address to my fellow crypto currency enthusiasts, is how can we make bitcoin widely accepted? What would it take for such a massive change to happen? Well, in my opinion, firstly we would need it to be widely accepted and as widespread as credit cards and the political red tapes should be immediately removed. Perhaps every account on the blockchain should have kyc but that would eliminate one of the goals of bitcoin for helping users stay anonymous. Other than that, the most effective way could be to have more sources of entertainment for bitcoin online such as decentralized online casinos (an example being EarnBet), an online video streaming service (like netflix) but its goal should be for educating the public about bitcoin, documents on bitcoin, how it was created, more about its creator and more importantly for the future of Bitcoin. If this site would be streamed every where on the planet, I'm sure Bitcoin would easily be worth a trillion bucks and since it would be worth more, perhaps its volatility would be reduced resulting in a reduced need for people to sell bitcoin when they would need to purchase any commodities or assets. Imagine paying for your house via bitcoin, I for one would love that. If you were the finance minister of U.S.A what steps would you take to promote bitcoin, aligning to its fundamentals and goals for which it was built for and simultaneously cutting down on money laundering, terrorism, etc in a way that would promote and foster the country's economy?
The distributed fund of read.cash / or how to make Bitcoin Cash more popular
Just in case somebody doesn't know - read.cash is a site where anyone can write articles and earn tips in Bitcoin Cash from other users. We created it as an experiment to get more people to use Bitcoin Cash (and also maybe make some money in the process, hint: we didn't, so far...) We have developed a distributed fund on read.cash as an experiment recently. Why distributed? Well, traditionally funds work like this: you give somebody some money and they distribute it during some period. Naturally, this middleman would be holding your money. It's a scary thought for us and we thought we might give some control back to the people. We went another way. With Bitcoin Cash you can actually still hold your money and yet participate in our fund. One can pledge the money to the fund from within his own browser on read.cash. The money stays on his/her account, but is moved to another address (and you can cancel it anytime by moving money back). Every day read.cash sends a list of recommended people to support (based on the points they earned the previous day) and his/her browser sends 0.5% of the total funds to these addresses. The points are given for active participation - logging in, writing articles, comments, forum posts, giving paid tips, etc... The downside is that this user can't just "donate and forget", but rather has to come to read.cash everyday to give out the payments. Right now, the fund has about $3,000 in the funds that are mostly comprised of the money of people we personally asked to help. That means that about $15 is distributed daily (0.5%). First a bit of history, in all of read.cash's existence up to this day there were only 634 people who were given Bitcoin Cash by other users (there were 13,000 tips given for a total of approximately $40,000, but all of them were given to just 600 users). At the same time we had about 1,200 authors (people who posted at least something), so about 600 authors were never given any tips despite putting quite some effort and about 1,300 users more never got to touch Bitcoin Cash despite being registered on read.cash To counteract that injustice we have created this fund. The fund has been active for 12 days and here's the kicker - in these 12 days, having spent just $114 has distributed at least some Bitcoin Cash to 834 users. And it grows pretty fast. https://i.imgur.com/JRfzTsi.png So, the fund with just $114 has done more to promote Bitcoin Cash than tipping in the last 6 months. And people are pretty happy - we're seeing record levels of articles published, comments added (and spam too)... Frankly, before the launch of the fund, read.cash was going pretty stale. Absurdly low levels of activity and lots of complaints from users that they don't enjoy writing stuff and seeing zero tips. Totally changed by the fund. Right now though the fund pays maybe $20 per month to the top user. Which is obviously not enough to interest any serious writer. Most of the excellent writers we have are doing it because of pure enthusiasm, but I believe they should be compensated well. Our estimates show that in order for read.cash to attract top talent we need about $1,000,000 in the fund per year. Don't scream at us, it's a stretch goal, we understand it. :) That would be enough to give about $5,000 per month to the top author and some funds to maybe up to hundreds of thousands of users. In a few years maybe read.cash would be able to get that amount just by selling some ads on the site, but not right now. Ok, so our train of thought: in order for Bitcoin Cash to be successful, we need more people using Bitcoin Cash. It's pretty easy to download Bitcoin.com wallet, but then you see $0 in it. How do you earn Bitcoin Cash? There aren't that many ways right now. read.cash is one of them (and a pretty easy one). So, the more popular read.cash is - the more Bitcoin Cash users are there. With that train of thought we also understand that many big holders of Bitcoin Cash though interested in making Bitcoin Cash popular, but they might not be interested in visiting read.cash daily to distribute the fund. We're thinking about running a Flipstarter. I think $1,000,000 is a stretch to collect by any means, so maybe for $100,000. (That would mean about $500/month for the top writer) 85% will go directly to the fund (i.e. will be used to sponsor read.cash active users) and 15% would go to read.cash promotion (buying ads on other sites). We would take 0% for ourselves. We don't really want to raise money by selling a share in profits, because that would mean we would no longer be free to developer read.cash as we see fit. Why $100,000 and not $10,000. Well, we're pretty sure that we can find $10,000 ourselves in some near future even without help from the community, but it's really not enough to seriously tip the scale. If $114 have got 834 people to try to use Bitcoin Cash, imagine what $100,000 would do. That's our vision. What's your take on this, dear community, should we do the Flipstarter? Is our goal of $100,000 about right or how much do you think we should try to collect? (Because, of course, the more we collect the further we can grow) Would you participate? Thanks for taking your time to read this!
06-16 09:44 - 'How to make bitcoins with simple websites... (bitcoinget, timebucks, instagc, etc.) Can we discuss or include more?' (i.redd.it) by /u/KhansStrike1984 removed from /r/Bitcoin within 1409-1419min
How to make bitcoins without risk in 2020 | No mining, no fraud, earn bitcoins every day!
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I think a lot of us have seen videos comparing Bitcoin now to how Email was in the past. It was a complicated mess. Not that Bitcoin is as complicated anymore, but it has a lot of room to become more user friendly. What sort of things would make it easier to buy/sell goods and services. Mobile Payments: If walking into a brick and mortar store, using NFC on your phone for payment seems really simple and convenient. It would be nice to have an app like Samsung pay where you can swipe your card up and pay using NFC. Right now, opening an app, selecting the make payment, taking a picture of the QR code, confirming, maybe 2fa seems like a lot of hoops to go through to buy a coffee (when the time comes). Any way to stream line this? PC Payments: Is relatively straight forward, a matter of copying and pasting (with 2fa). Still a lot of hoops to go through if you compare it to something like Amazon's one click pay. Any solutions to make PC payments easier? Addresses: I don't think I've met anyone that feels BTC wallet addresses are comfortable. 99% of people probably copy and paste their addresses. Would it be possible in the future to simplify this? for example [John_[email protected]](mailto:[email protected]) I heard a company called UnstoppableDomains were trying to do this, I don't know how it's progressing though. I'd love to here what you guys think would make Bitcoin easier to use.
How to make Bitcoin's adaption into payments processing quicker! - A lesson from Credit Cards
Most people are motivated by money. Even if they have lots of it. Even though, Bitcoin being the premier speculative asset brings in late adapters to Bitcoin, they are not there for Bitcoins ultimate purpose which, is to destabilise BS. (a.k.a. Gov and Fed) So with that in mind and to play to the animal instincts of consumers who are motivated by money for the largest part, I suggest we take a lesson from banks and how they coxed us to use credit cards. That is, by way to credit card offers. Credit card issuers spend some of their income from merchant fees on offers to consumer. Which is akin to spending some of the mining income on offers to Bitcoin users. But it is not as if miners are footing the bill for all this and much like with credit cards, increased adaption will benefit them more than anything. What do you think and how could such a thing where a Bitcoin user gets paid to buy using Bitcoin can be introduced?
Have you ever heard of Bitcoin (electronic money, which doesn’t exist in physical form)? If so, then you might be wondering how to make Bitcoin! You must have searched it on the internet and you probably have found ways to mine Bitcoin because it only generates after the machine hardware solves mathematical algorithms with Hashpower of the computer. Anyway, if you have been working online and you have good traffic (audience) on your site or blog then you can easily turn your audience into Bitcoin! Yes, that’s right… You can now make Bitcoin from site traffic. Prediction is also that Bitcoin is going to hit $100,000 by 2021. So, it is a great opportunity to make Bitcoin from 2019 and get early retirement by 2021 since you will have enough of Bitcoins by then!
Hi all , I have recovered my two wallets that are encrypted wallets from bitcoincore0.4 , now I have read that these can only be unencrypted in and up to bitcoincore0.7 . How can I make the source code into an executable file ? Or is there another way ? Thanks I have tried to compile the code and am rather inept , I could compile xmrstack from a video but failed with no video for his task !? Please reddit !
A lot of people are into Bitcoin and cryptocurrencies in order to make a quick buck. Today’s post is dedicated exclusively to ways you can earn Bitcoins for free or make money with Bitcoin. Earning Bitcoins Summary. While there are many ways you can make money with Bitcoin in the end there are no free meals. To create an online bitcoin wallet, you’ll need to choose between a software, web, or hardware wallet. Software wallets store the keys to your currency in a local program on your computer. Bitcoin Core is the original, first party wallet, but there are plenty of third party options available, like Hive and Armory. 10. Bitcoin Trading. There is potential to make big money trading bitcoin. Unlike buying and holding, trading bitcoin means you buy at a low price and sell them back at a higher price. This requires practice and knowledge of the market and to some extent a crystal ball. 10. Create a Bitcoin course. There are many ways to make money with Bitcoin, but if you actually want to make a big positive impact in the space then you might be interested in creating an educational product for people interested in learning about Bitcoin. People like Suppoman have made millions of dollars selling courses on Udemy. 8. Earn Bitcoin By Helping People. Update: This is not as effective as of now. Do try above 5 which works the best to earn Bitcoin. This is quite a revolutionary way of earning bitcoins if you are good at offline/online research.. Bitfortip is a mobile and desktop platform that pays you for being helpful by giving you Bitcoin tips.. Their tagline is -“Tip Bitcoins as an incentive.
How Much Can You Make Mining Bitcoin With 6X 1080 Ti ...
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