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itmatters · 5 years ago

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What is Cryptocurrency. Guide for Beginners

A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.

History

There have been many attempts at creating a digital currency during the 90s tech boom, with systems like Flooz, Beenz and DigiCash emerging on the market but inevitably failing. There were many different reasons for their failures, such as fraud, financial problems and even frictions between companies’ employees and their bosses.

Notably, all of those systems utilized a Trusted Third Party approach, meaning that the companies behind them verified and facilitated the transactions. Due to the failures of these companies, the creation of a digital cash system was seen as a lost cause for a long while.

Then, in early 2009, an anonymous programmer or a group of programmers under an alias Satoshi Nakamoto introduced Bitcoin. Satoshi described it as a ‘peer-to-peer electronic cash system.’ It is completely decentralized, meaning there are no servers involved and no central controlling authority. The concept closely resembles peer-to-peer networks for file sharing.

What can you do with cryptocurrency

Buy goods

In the past, trying to find a merchant that accepts cryptocurrency was extremely difficult, if not impossible. These days, however, the situation is completely different.

There are a lot of merchants - both online and offline - that accept Bitcoin as the form of payment. They range from massive online retailers like Overstock and Newegg to small local shops, bars and restaurants. Bitcoins can be used to pay for hotels, flights, jewelery, apps, computer parts and even a college degree.

Other digital currencies like Litecoin, Ripple, Ethereum and so on aren’t accepted as widely just yet. Things are changing for the better though, with Apple having authorized at least 10 different cryptocurrencies as a viable form of payment on App Store.

Of course, users of cryptocurrencies other than Bitcoin can always exchange their coins for BTCs. Moreover, there are Gift Card selling websites like Gift Off, which accepts around 20 different cryptocurrencies. Through gift cards, you can essentially buy anything with a cryptocurrency.

Finally, there are marketplaces like Bitify and OpenBazaar that only accept cryptocurrencies.

Invest

Many people believe that cryptocurrencies are the hottest investment opportunity currently available. Indeed, there are many stories of people becoming millionaires through their Bitcoin investments. Bitcoin is the most recognizable digital currency to date, and just last year one BTC was valued at $800. In November 2017, the price of one Bitcoin exceeded $7,000.

Source:https://cointelegraph.com/bitcoin-for-beginners/what-are-cryptocurrencies

#cryptocurrency #digital currency #bitcoin #virtual currency

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fusiontourism · 8 years ago

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Four More Steps You Can Earn Bitcoin Streams of Income in Your Travel and Tourism Niche Business – FTP6

BITCOIN CRYPTOCURRENCY IS GAPPED STEPS BY WHY TO EARN PROFIT YOU CAN IT START RIGHT NOW! These steps in which to make bitcoins may additionally supplement your income if you're a freelancer, digital roamer or nomad, virtual assistant, a travel addict desperate to travel a lot of long or short-term domestically, nationally, and internationally. If you're a small business owner offline or online these steps by which to earn bitcoin can even be used to make a lot of streams of financial gain for your business. HERE ARE THE FOUR STEPS OR METHODS THAT YOU CAN EARN OTHER STREAMS OF PROFIT IF YOU ARE OPERATING BUSINESS ONLINE OR TRAVELING WITH YOUR PORTABLE COMPUTER OR SMARTPHONE:

BE AN AGENT BITCOIN ESCROW

How to be a Bitcoin Escrow Agent? The agent administers the third-party security service for a Bitcoin transaction. Bitcoin security agents are becoming a lot common to protect users from fraudster buyers requiring the Bitcoin deposited directly. Mostly, Bitcoin transactions are incognito exchanges that involve unreliable parties. In an incident wherever the sellers prove to be fraudsters, the Escrow Agent can act as intermediator and determines who can receive the Bitcoins. So, how to be an agent, you want to build up your name as a credible party within the community. EXAMPLES OF BITCOIN ESCROW AGENTS ARE:

LocalBitcoins,

CryptoThrift and

BitPremier

BITCOIN AFFILIATE MARKETING

For people who are not acquainted with affiliate marketing, the concept is merely to promote somebody else’s product and that they pay you a share of the profit supported the sales you collect. EXAMPLE IS: Let’s say you choose to advertise TREZOR, a hardware cryptocurrency wallet. If an individual decides to buy TREZOR and therefore the customers came from your website, you get a commission for it. The smartest thing is, you earn your commissions in Bitcoin wherever previous Bitcoin affiliate marketers have reported affordable values of Bitcoin paid to them. Just review all the listed doable strategies to earn your Bitcoins. Perpetually bear in mind no matter what technique you decide on to invest into, there’s no such matter as easy growing cash. If Bitcoins earning are effortless, everybody would have done it by currently. In every one of the strategies listed on top of, you may either ought to invest your cash and your time. Attempt what fits you, and you shall reap the rewards.

BITCOIN LENDING

How does Bitcoin Lending work? This method is a Bitcoin peer to peer loans where you will use your bitcoins to lend them to small businesses and entrepreneurs called BITBOND. What is BITBOND? It is the bitcoin peer to peer lending platform. You will create higher returns by loaning through Bitbond at an equivalent time service. The technique of peer to peer loans through people, small businesses and startups will borrow from people while not using the traditional monetary systems. The method will permit finance for people who find it difficult to secure a loan from a bank and creates booming interest returns, with lower transaction fees. Beware always, fine-tuned your risk by loaning to many borrowers as a contradiction to putting all your eggs in one basket.

SELLING PRODUCTS AND SERVICES FOR BITCOIN

What are the goods we can trade in exchange for Bitcoins?

Recent gadgets,

clothing,

cars and

even homes

Plenty of websites provide platforms for selling and buying products in exchange for bitcoins. You will also offer it for your own offline or online product or service business. THERE ARE TWO COMMON WEBSITES TO SELL PRODUCT IN EXCHANGE FOR BITCOIN:

BITIFY.COM

This site is like an eBay for Bitcoin. It operates auction system to sell things in exchange for bitcoins. Bitify additionally deals with Escrow Agents for buyers will make sure the product delivered to them first before providing the bitcoins. Using the Escrow Agent is not compulsory for Buyers at one percent fee. The Sellers have a 2.5% fee on the entire sale value of the products. The premium advertisements cost at 1.5% of the whole price.

PURSE.IO

This website, the people with Amazon accounts will sell things at a reduced price on Purse. The Buyers use bitcoin promote their Purse.io accounts Wish Lists.

Check out this episode!

#travel #fusiontourism #digitalnomads #tourism

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moneypedia · 5 years ago

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WEB BASED & DECENTRALIZED MARKETPLACES SELLING FOR CRYPTO WITHOUT KYC

https://pocketnet.app/h8st8?s=7e426ddc1adbc50b3eb508e0bae4c61ffc36a0166f012c871e462f441d360b24&mpost=true

Opportunities are needed to sell products and services for crypto without any state involvement or personal information requirements. The following few markets were found outside the darknet which accept widely used cryptocurrencies, beyond BTC (Bitcoin), without KYC (know your customer) requirements.

The most highly recommended markets are at the top, beginning with the best, which is also decentralized.

DECENTRALIZED MARKETPLACES

Only one, and its mobile companion, achieved the minimum requirements above.

OpenBazaar is a free, decentralized, open source program by the US corporation OB1. Having a company behind it provides a control point which makes it less than fully decentralized. It was built to provide everyone with the ability to buy and sell directly with each other freely. The desktop app can be downloaded from https://openbazaar.com .

A web interface is being developed at OpenBazaar.com. At the time of this article, it allows product searches, but not buying and selling.

Crypto accepted:

BTC, BCH (Bitcoin Cash), LTC (Litecoin) or ZEC (Zcash). There is a sliding floor for the minimum size of BTC payment that may be handled through escrow. You may also choose which cryptocurrencies you’ll accept for each individual product, avoiding BTC for low cost items.

Fees and escrow:

Crypto payments may be direct from the buyer to seller, or through escrow with a choice of moderators in case of a dispute. The only fees are for crypto mining (transaction processing) and moderation, if needed. When the crypto passes through escrow, there is a mining fee as the funds enter escrow from the buyer (paid by the buyer) and then again as they leave to the seller (paid by the seller). There may also be a previously agreed dispute fee of 1-5% or more, if necessary to engage the moderator for escrow to clear or resolve a dispute.

Personal information:

There is no identification required, not even an email address.

Privacy:

Information provided to OpenBazaar is collected and could be shared, if demanded by the state from the company behind it. For sellers this could only be a crypto wallet receiving payment from escrow, or not even that, if payment is direct from the buyer. Buyers provide a shipping address (which is not confirmed and could be communicated differently in a side message) plus any wallet address from payment to escrow. With a direct payment and address via messaging and anonymous email, OpenBazaar could have no useful information to demand about a transaction.

Seller experience:|

The store setup is very capable with variations to allow selection of options and quantities with different prices withing a single listing. Coupon codes may be setup for each individual item, but not for the entire store.

The OpenBazaar product/store default search program, OB1, requires the user to “seed” their store in the network for search visibility. This is easy to do. Go to Settings/Advanced/Server/Show Connected Peers. Then follow some of the peer stores that appear in the listings. This seeds your store into the network so the search can find and index your products. Haven searches will then also display the same search results with OB1. Mid November 2019, there are over 23,000 listings found globally by OB1. To appear in searches, it’s not necessary to keep the app running and remain in the nodal network. However doing so makes the network stronger and provides quicker notification of sales.

The store or product address can be provided for potential buyers to go to your store, regardless of any filtering. They look like: ob://aLongListOfNumbersAndLetters/store .

Buyer experience:

The OB1 search supposedly has illegal product filtering which may cause products to not appear in the results. There is no clear explanation of the filter rules. There are two alternative beta search programs available from https://searchbizarre.com/about and https://bazaar.blockstamp.market/ which are having some issues displaying the search results at the time of this writing. Another “search” option is to select Settings/Advanced/Show Connected Peers which will display only the stores with servers currently online, which is only a very small fraction of the stores and offerings.

After installing the program, you can select an OpenBazaar ob:// address hyperlink in a browser or document, then it will open in the program. Also, these addresses can be pasted in the address bar for access.

Other:

The only significant hurdle for buyers and sellers using the OpenBazaar desktop app is establishing a server for network access. The easiest way to do this is in conjunction with a session of TOR (The Onion Router) to act as a server. There are easy to follow instructions at https://github.com/OpenBazaar/openbazaar-desktop/wiki/Tor-Setup . It’s not that difficult and after its done, starting new sessions is easy. Using the Haven mobile app described below avoids this hurdle. The web interface under development at OpenBazaar.com will also avoid the need to setup a server.

Summary:

Overall, OpenBazaar.org has a better combination of features than all of the purely website based markets to sell physical goods for crypto with no KYC. Filtering of illegal products by the OB1 default search program could be an inconvenience. Setting up a TOR server as part of the initial installation may be an excessive hurdle for some sellers and buyers alike, until the web interface at OpenBazaar.com is fully functional. Because it isn’t completely decentralized (having a company behind it) and any personal information may collected, there could be a privacy risk, if care isn’t taken.

Haven – Private Shopping mobile app on Android and Apple iOS is the mobile version of OpenBazaar’s decentralized market. The app can be downloaded from https://gethaven.app and a non-Google download for the Android app is at https://apkpure.com/haven-private-shopping/io.ob1.nativeandroid .

Below are the differences from OpenBazaar:

The most positive difference is not needing to setup a server as part of installing the mobile app.

OpenBazaar coupon codes for discounts are not recognized.

Haven has the same filtering as OpenBazaar’s OB1, but without any alternative search programs.

To access a store that doesn’t appear in a word search, you can paste the entire OpenBazaar ob://.../store address in the search field or you can select an ob:// address hyperlink in a browser.

WEBSITE BASED MARKETS

Only four achieved the minimum requirements of accepting widely used cryptocurrencies, beyond BTC, without KYC

WeShopWithCrypto.com is brand new and easily the best of the website based options for sellers.

Crypto accepted:

Buyers can pay with many cryptos listed at https://weshopwithcrypto.com/about-us/ .

Fees and escrow:

The only fees for buyers are the crypto transaction fee into escrow. Sellers pay a 2% fee which also covers the crypto transaction from escrow. There are no deposit or withdrawal fees. All buyer payments all go through escrow. Sellers will only be able to withdraw their earnings after 14 days upon marking their order as 'complete'. During this time, buyers and sellers will be able to file a complaint and request refunds. WSWC acts as the moderator for disputes over orders.

Personal information:

Buyers and sellers must have a user account which includes providing a name, shipping address and phone number, plus an email that is confirmed during account setup. Additionally, sellers provide a wallet address for BTC or ETH to receive payments from escrow (other cryptos received in escrow are converted). This market gathers IP address information about buyers and sellers, which can be obscured with a VPN. The store also uses Google Analytics which will process and record data such as your IP, country, page views, navigation habits, and time spent on viewing pages. TOR browser not in full screen can defeat Google.

Privacy:

They say payments are confirmed and validated via the blockchain and no buyer wallet information is processed or stored on their servers. Wallet addresses are supposedly not associated with personal information, which could actually be as little as an email address for sellers. WSWC is based in Estonia, a top country for internet freedom and privacy. International shipments may require disclosure of contact and purchase information to customs authorities.

Seller experience:

The store setup is very capable. Discount codes are also supported. Variations allow selection of options and quantities with different prices within a single listing. However, the variation setup is not intuitive, doesn’t match the instructions and a bit frustrating at first. Secret tip: To add each new variation, you must select the + at the lower right of the last variation to “Add New Block”.

In the term of service there is a long list of items, or anything similar, which cannot be sold. Violation will result in closure of the seller’s account. This probably the biggest downside of this marketplace for some sellers.

Buyer experience:

There is an excellent search feature and categorical product finding for buyers. Products appear in the search very quickly.

Summary:

WeShopWithCrypto.com is by far the most capable of the four website based markets for sellers and buyers. A little more information is gathered than some of the others, but only the email and wallet addresses are verified. Being based in Estonia provides a high level of privacy, except for international shipments. Learning how to create variation listings with outdated instructions is the biggest seller downside initially. Then dodging the terms of service restrictions could be a problem for some sellers.

Bitify.com has the ability to list products without KCY, but then you can’t be a “verified seller”.

Crypto accepted: Only BTC and LTC are accepted.

Fees and escrow:

The buyer may have their funds go direct to the seller’s wallet or into escrow until the transaction is confirmed by the buyer. There is a defined conflict resolution process to clear escrow. Buyers pay an optional escrow fee at checkout of 2.5% or $0.50 on items under $10, $1 on items between $10-$20. Sellers pay a transaction fee of 4.5% at the time of sale, plus an optional 2.5% featured item fee.

Personal information:

Buyers and sellers provide an email address and username to set up a user account. Sellers provide their own wallet address, but a mailing address is optional if not a “verified seller”. Buyers provide a shipping address with the order.

Privacy:

Bitify says they don’t save the information provided. The privacy policy says they share information with third parties in certain conditions. Bitify is an Australian company, so the gathered information could be demanded by the state.

Seller experience:|

Items may be posted for auction or buy now, like Ebay. Listing products and managing them is easy. A seller can provide a URL address to their store with all their listings.

Buyer experience:

Buyers have a very capable search and filter features to find what they want.

Summary:

Buyers can find products easily. The seller interface is very good. Fees are higher than some others herein, but tolerable. Seller KYC is only required to be a “verified seller” for what that’s worth.

HomesteadersCoop.com is tightly linked to the Steemit.com community with involvement required to open and maintain a store.

Crypto accepted: In addition to the STEEM and SBD (Steem Dollar) tokens, BTC and ETH (Etherium) are also accepted with payments direct to the sellers wallet. Wallets are not provided by the market.

Fees and escrow: There are no fees for either buyers or sellers. Payments are direct peer to peer without any escrow, which may be the biggest disadvantage from the buyers perspective.

Personal information: There is no KYC, aside from that required by Paypal, only if you choose to accept USD (US Dollars) as payment. Sellers must be Steemit members. Buyers don’t have to be a member of Steemit, but are asked for name, phone, address and email at checkout.

Privacy: Wallet information is not collected or associated with the personal information gathered. The Coop is a US company, so the available information could be demanded by the state.

Seller experience:| The store setup is very capable with variations to allow selection of options and quantities with different prices within a single listing. Discount codes are also supported. The amount of traffic is low and the biggest disadvantage for sellers.

Buyer experience: There is a search feature and categorical product listings.

Summary: If you’re active on Steemit, this is a very capable website based market for sellers, if you have the time to be an active enough participant in the Steemit community to meet the Coop’s requirements. The low amount of traffic is the biggest seller downside compared to the others. For buyers, the lack of escrow may be a concern.

Forra.io is actually more of a front-end for Ebay than a marketplace of its own. Granted, you can list and sell items only there. However, there is no search function for things listed directly on Forra. Instead, it only has a search for items on Ebay. Also, sellers don’t have a store for all their products. So, it will be difficult for people to find your Forra listed products.

Crypto accepted: Buyers can use BTC, LTC, BCH, or ETH.

Fees and escrow: There are no seller fees. Buyers are charged 3%. Funds enter the Forra escrow contract for 30 days until the buyer confirms the item has been received. So, tracking is a good idea for sellers. The conflict resolution method at the end of 30-days is unclear. Zero responses were received from Forra after inquiries about this using the live chat.

Personal information: Buyers and sellers only provide an email address to set up a user account. For sellers, a mailing address is optional. Buyers provide a shipping address with the order. Forra does save the information provided which could include wallet addresses.

Privacy: The privacy policy says they share aggregated demographic information with their partners and advertisers, but won’t share personally identifiable information. It also says they will not share your information with any third party outside, other than as necessary to fulfill your request, e.g. to ship an order. Forra is a US company, so the gathered information could be demanded by the state.

Summary: There is poor visibility to new potential buyers for products. Sellers don’t have a store, so it’s best to provide links for each individual product at another location to use Forra. Also, the lack of details on the website about escrow and conflict resolution may be a cause for concern.

FEEDBACK

This article was originally posted 15 Nov 2019 on Pocketnet, the completely decentralized social network on the blockchain at https://pocketnet.app/h8st8/ . You’re welcome to share and republish this article, however it might help. Including the link back to this original article would be appreciated.

If you have any marketplaces to suggest or comments, please do so below the original article within the Pocketnet app, available at https://pocketnet.app

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nairalandcrypto-blog · 6 years ago

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Earn Crypto Part 4: Selling Products for Crypto

In BTCManager’s series titled “Earn Crypto,” readers are being introduced to a wide range of platforms, applications, and ways that they can earn bitcoin and other digital currencies as a member of the cryptocurrency community.

In this article, readers will learn how they can earn cryptocurrency by selling physical or digital products online and which platforms they can leverage to help in that…

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lonoroots-blog · 7 years ago

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#bitify #bitcoin #cryptocurrency #international #altcoins

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ultrafelix-blog1 · 8 years ago

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How to Earn Bitcoin - Guide for Newbies

This guide will show you how to earn Bitcoins as a newbie.

There are 15, very easy, methods to start earning Bitcoin, even if you have no skills or experience in the crypto world.

Start earn Bitcoins today!

1. PTC

As the name suggests, these are websites that will give you small amounts of Bitcoin for viewing ads and visiting websites. This is one of the best to start with: Bitcoin PTC

2. Mining

Mining is the process to generate cryptocoins. Anyway, mining is neither easy nor cheap to do as a newbie. So I suggest to use cloud mining platforms.

What is "cloud mining"?

Basically, Bitcoin cloud mining, sometimes called cloud hashing, enables users to buy the output of Bitcoin mining power from Bitcoin mining hardware placed in remote data centres. Then all Bitcoin mining is done remotely in the cloud.

Many cloud mining platform ask users to invest in order to start mining. But there are free options too.

So, if you don't want to invest, I can suggest you two platforms where you can start mining with no investment required. Here they are:

Over Hash: http://cur.lv/14rfdo

Met: http://cur.lv/14rfe0

3. Offers, Tasks, Surveys, etc.

A great method for even faster earning, but it requires a bit more work. On this website you can complete offers, tasks and surveys and get paid in BTC.

4. Reading Books

This website pays users for reading classic books. It is one of the more interesting and engaging methods of giving away free money, as it gives the user the opportunity to engage in more ways than simply getting around a CAPTCHA and pressing a couple of buttons.

5. Dice

Most dice websites allow the user to have a free balance to play with a very small amount. Examples of sites that do this are PrimeDice and many others. It is possible to research dice strategies and take the free amount and turn it into a substantial amount of money if you’re willing to invest the time.

6. Smartphone Games/APPS

These games are for Android and iPhone devices are a fun way to earn free Bitcoin in your idle hours. SaruTobi has a very good payout

Android - Coin Flapper

iPhone - SaruTobi

7. Faucets

Faucets are websites that literally give away coins to users. All you need to do is complete some captcha. The amount you can earn on those websites is usually low, but this is the easiest method to start earning coins.

There are some large and reputable faucets that have consistently made their payouts for a long time. A few that make such a list are:

http://cur.lv/14rfgw

http://cur.lv/14rfhm

http://cur.lv/14rfj2

8. Bitcoin Lending / Investing

By this point u will own some Bitcoins and if you want to increase their value, you can always look into Bitcoin lending. The idea is pretty simple – you lend out a certain amount of your coins to people for crypto-related projects (usually) and get them back with an interest. There are currently three main websites that deal with Bitcoin lending:

Btc Jam

Lone Bas

Bit Bond

You can get very high returns through lending. It’s important to choose your lending projects wisely.

9. Twitter

Get paid in BTC for retweeting sponsored tweets. This is the Website: http://cur.lv/14rfmj

10. Sport Betting

Quite risky, but very profitable. In fact you can earn tons of Bitcoin with sport bets, predicting the right outcome of sport events.

The best crypto-related bookmaker is, without any doubt, Direct Bet.

11. Games

Aside from gambling, which is also considered a game, there are a variety of Bitcoin games that don’t require any investment, and allow you to earn Bitcoins while playing them. Think of them as a fun faucet, since you’ll probably be wasting your time and earning very little as well.

Here are some websites to start from:

Chop Coin: http://cur.lv/14rfok

Coin Brawl: http://cur.lv/14rfp0

Coin Vertin: http://cur.lv/14rfpo

12. Phone Calls

Coin by calls: http://cur.lv/14ri6s

If you have any free minutes on your call plan this company can use them, and will pay you by the minute for letting them do so.

13. Sell Stuff

If you are looking for some spare cash to provide a one-off boost to your finances then digging through your old stuff and picking out a few things that you no longer need to sell on over the internet is a good way to go. But of course you can’t just go to eBay if you want to sell your stuff for BTC. Fortunately, there are some great alternatives out there which let you do exactly that. This may also be a great way for you to start off your own business if have something that people want to buy. Here are some of the best sites to earn bitcoin by selling stuff online:

- Bitify: http://cur.lv/14ri5s

- Bitcoin Talk Forum

14. URL shortening

You don’t even need to have your own website to start generating an income – if you are have a strong social media presence or you fancy yourself as a bit of a marketing guru, you can earn some free coins through social media.

You probably already know about URL shortening services that pay you for traffic on the links you shortened. Example of regular ones are adf.ly, ad.foc etc. If you have legit and clean traffic you can use adfoc as they pay pretty good.

Main alternative that pay's via Bitcoins is Coin url:

Referral Link: https://coinurl.com/index.php?ref=a882a2c3120c17ad16101a62db40e055

Normal Link: https://coinurl.com

Don't worry if u don't see the traffic/earning for the first 24-48 hours of your sent traffic, it takes 24-48 hours for them to verify your traffic once you start sending it. After that updates go every 24 hours and time decreases with time.

Ok now we have URL shortener but how to get traffic. For getting traffic you have couple of ways of doing this :

I. Sharing your links on social networks, forums etc,

II. Use Fiverr as a great way for people to click on your links. Post a request for anything copy a link from YouTube and use your url shortner then in the request ask for someone who can make a video just like this and set a high price. You will see hundreds of legit clicks and bitcoins. (Rinse and repeat)

III. If you have your own website that is getting traffic you can add their automatic shortener script to shorten all links on your site (or just manually shorten ones you want)

IV. Youtube.

My favorite one is YouTube as it can get tons of traffic in short time period and most important traffic that will be there for longer period of time and it can be scaled easy.

How to do it.

Download some videos for some software, games, tutorials , or just use your imagination , browse google to see what kind of things people look for (tutorials with link to project file from tutorial is easy one as there is not much competition so you will be getting more traffic) now edit those videos just to change their hash (changing md5 hash makes those videos unique in YouTube eyes) you can do that by adding your Logo or some text with the bulk watermarking tools (a lot of free trials available online).

After you changed your videos with watermarking tool upload it to some channel (I recommend making fresh YouTube account for this), Write good title and description, and plant your link in description. More videos, more traffic means more earnings for you.

15. Bitcoin binary options

Bitcoin binary options are a form of trading in which you predict if the price of Bitcoin will rise or fall in a certain amount of time. If you’re correct, you earn the option’s payoff; if you’re incorrect, you lose your investment. They are called “Binary Options”, because the outcome is either win or lose; there’s nothing in between.

This is a good way if u have experience to use the free bitcoins u have made in the other methods and try to double your earnings.

This is the best website to start trading binary options: http://cur.lv/14rfn2

Thank you for reading. Don't just read it and stash it somewhere. This are the real methods that I used and still using and they work for sure if you put them into action!

#bitcoin #btc #earn bitcoins #earnmoney #earn extra money #make money #money #cryptocoin #cryptocurrency

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robgabco2-blog · 5 years ago

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What is Cryptocurrency?

New Post has been published on https://1q44.com/2020/06/09/cryptocurrency/

What is Cryptocurrency?

A cryptocurrency may be a digital or virtual currency designed to figure as a medium of exchange. It uses cryptography to secure and verify transactions also on control the creation of the latest units of a specific cryptocurrency. Necessarily, cryptocurrencies are limited entries during a database that nobody can change unless specific conditions fulfilled.

Cryptocurrencies History

There are many attempts at creating a digital currency during the 90s tech boom, with systems like Flooz, Beenz, and DigiCash emerging on the market but inevitably failing. There have been many various reasons for his or her failures, like fraud, financial problems, and even friction between companies’ employees and bosses.

Notably, all of these systems utilized a Trusted Third Party approach, meaning that the businesses behind them verified and facilitated the transactions. Thanks to the failures of those companies, the creation of a digital cash system as a campaign for an extended while.

Then, in early 2009, an anonymous programmer or a gaggle of programmers under an alias Satoshi Nakamoto introduced Bitcoin. Satoshi described it as a ‘peer-to-peer electronic cash system.’ it’s completely decentralized, meaning there are not any servers involved and no central controlling authority. The concept closely resembles peer-to-peer networks for file sharing.

One of the first essential problems that any payment network has got to solve is double-spending. It’s a fraudulent technique of paying an equivalent amount twice. The ideal solution was a trusted third party – a central server – that kept records of the balances and transactions. However, this method always entailed an authority basically on top of things of your funds and with details available.

In a decentralized network like Bitcoin, every single participant must do that job. Is often done via the Blockchain – a public ledger of all transaction that ever happened within the network, available to everyone. Therefore, everyone within the system can see every account’s balance.

Every transaction may be a file that consists of the sender’s and recipient’s public keys (wallet addresses), and therefore, the number of coins transferred. The transaction also must be signed off by the sender with its private key. All of this is often just basic cryptography. Eventually, the transaction broadcasted within the network, but it must be confirmed first.

Within a cryptocurrency network, only miners can confirm transactions by solving a cryptographic puzzle. They take trades, mark them as legitimate, and spread them across the web. Afterward, every node of the network adds it to its database. Once the transaction is confirmed, it becomes unforgeable and irreversible, and a miner receives a gift, plus the transaction fees.

Mainly, any cryptocurrency network predicated on absolutely the consensus of all the participants regarding the legitimacy of balances and transactions. If nodes of the network disagree on one balance, the system will break. However, there are tons of rules pre-built and programmed into the fiber that forestalls this from happening.

Cryptocurrencies are so-called because the consensus-keeping process ensured with strong cryptography. Alongside factors, as mentioned above, makes third parties and trust as an idea completely redundant.

What are you able to do with cryptocurrency

Buy goods

In the past, trying to seek out a merchant that accepts cryptocurrency was complicated, if not impossible. Lately, however, things are different.

There are tons of merchants – both online and offline – that accept Bitcoin because of the sort of payment. They vary from massive online retailers like Overstock and Newegg to small local shops, bars, and restaurants. Bitcoins are often wont to buy hotels, flights, jewelry, apps, computer parts, and even a university degree.

Other digital currencies like Litecoin, Ripple, Ethereum than on aren’t accepted as widely just yet. Things are changing for the higher, though, with Apple having authorized a minimum of 10 different cryptocurrencies as a viable sort of payment on App Store.

Of course, users of cryptocurrencies, aside from Bitcoin, can always exchange their coins for BTCs. Moreover, there are Gift Card selling websites like Gift Off, which accepts around 20 different cryptocurrencies. Through gift cards, you’ll necessarily buy anything with a cryptocurrency.

Finally, there are marketplaces like Bitify and OpenBazaar that only accept cryptocurrencies.

Cryptocurrencies Invest

Many people believe that cryptocurrencies are the most well-liked investment opportunity currently available. Indeed, there are many stories of individuals becoming millionaires through their Bitcoin investments. Bitcoin is that the most recognizable digital currency so far, and just last year, one BTC valued at $800. In November 2017, the worth of 1 Bitcoin exceeded $7,000.

Ethereum, perhaps the second most valued cryptocurrency, has recorded the fastest rise a digital currency ever demonstrated. Since May 2016, its value increased by a minimum of 2,700 percent. When it involves all cryptocurrencies combined, their market cap soared by quite 10,000 percent since mid-2013.

However, it’s worth noting that cryptocurrencies are high-risk investments. Their market price fluctuates like no other asset’s. Moreover, it’s partly unregulated, there’s always a risk of them getting outlawed in certain jurisdictions, and any cryptocurrency exchange can potentially get hacked.

If you opt to take a position in cryptocurrencies, Bitcoin is still the dominant one. However, in 2017 its share within the crypto-market has quite dramatically fallen from 90 percent to only 40 percent. There are many options currently available, with some coins being privacy-focused, others being less open and decentralized than Bitcoin, and a few just outright copying it.

While it’s effortless to shop for Bitcoins – there are numerous exchanges alive that trade BTC – other cryptocurrencies aren’t as easy to accumulate. Although, this example is slowly improving with major exchanges like Kraken, BitFinex, BitStamp, and lots of others beginning to sell Litecoin, Ethereum, Monero, Ripple then on. There also are a couple of other alternative ways of being coin; as an example, you’ll trade face-to-face with a seller or use a Bitcoin ATM.

Once you purchased your cryptocurrency, you would like how to store it. All major exchanges offer wallet services. But, while it’d seem convenient, it’s best if you store your assets in an offline wallet on your disk drive or maybe invest during a hardware wallet. Often the foremost secure way of storing your coins and it gives you full control over your assets.

As with the other investment, you would like to pay close attention to the cryptocurrencies’ market price and any news associated with them. Coinmarketcap may be a one-stop solution for tracking the worth, volume, circulation supply, and market cap of most existing cryptocurrencies.

Depending on a jurisdiction you reside in, once you’ve made a profit or a loss investing in cryptocurrencies, you would possibly get to include it in your tax report. In terms of taxation, cryptocurrencies are treated very differently from country to country. In the US, the interior Revenue Service ruled that Bitcoins and other digital currencies are to taxed as property, not money. For investors, this suggests that accrued long-term gains and losses from cryptocurrency trading taxed at each investor’s applicable capital gains rate, which stands at a maximum of 15 percent.

Cryptocurrencies Mine

Miners are the only most vital a part of any cryptocurrency network, and far like trading, mining is an investment. Essentially, miners are providing a bookkeeping service for his or her respective communities. They contribute their computing power to solving complicated cryptographic puzzles, which is vital to verify a transaction and record it during a distributed public ledger called the Blockchain.

One of the exciting things about mining is that the problem of the puzzles is consistently increasing, correlating with the number of individuals trying to unravel it. So, the more popular a particular cryptocurrency becomes, the more people attempt to mine it, the harder the method becomes.

A lot of individuals have made fortunes by mining Bitcoins. Back within the days, you’ll make substantial profits from mining using just your computer, or maybe a strong enough laptop. Lately, Bitcoin mining can only become profitable if you’re willing to take a position in industrial-grade mining hardware. Incurs substantial electricity bills on top of the worth of all the required equipment.

Currently, Litecoins, Dogecoins, and Feathercoins are said to be the simplest cryptocurrencies in terms of being cost-effective for beginners. As an example, at the present value of Litecoins, you would possibly earn anything from 50 cents to 10 dollars each day using only consumer-grade hardware.

But how do miners make profits? The more computing power they manage to accumulate, the more chances they need to solve the cryptographic puzzles. Once a miner manages to unravel the mystery, they receive a gift also as a transaction fee.

As a cryptocurrency attracts more interest, mining becomes harder, and therefore the number of coins received as a gift decreases. For instance, when Bitcoin first created, the reward for successful mining was 50 BTC. Now, the award stands at 12.5 Bitcoins. Happened because the Bitcoin network meant so that there can only be a complete of 21 mln coins in circulation.

As of November 2017, almost 17 mln Bitcoins are mined and distributed. However, as rewards are getting to become smaller and smaller, every single Bitcoin mined will become exponentially more and more valuable.

All of these factors make mining cryptocurrencies a particularly competitive race that rewards early adopters. However, counting on where you reside, profits made up of mining are often subject to taxation and Money Transmitting regulations. In the US, the FinCEN has issued guidance, consistent with which mining of cryptocurrencies and exchanging them for flat currencies could also be considered money transmitting. Suggests that miners might get to suits special laws and regulations handling this sort of activity.

Cryptocurrencies Accept as payment (for business)

If you happen to have a business and if you’re trying to find potential new customers, accepting cryptocurrencies as a sort of payment could also be an answer for you. The interest in cryptocurrencies has never been higher, and it’s only getting to increase. Alongside the growing interest also grows the amount of crypto-ATMs located round the world. Coin ATM Radar currently lists almost 1,800 ATMs in 58 countries.

First of all, you would like to let your customers know that your business accepts crypto coins. Merely putting a symbol by your register should do the trick. The payments can then accepted using hardware terminals, touch screen apps, or simple wallet addresses through QR codes.

There are many various services that you simply can use to be ready to accept payments in cryptocurrencies. For instance, CoinPayments currently accepts over 75 different digital currencies, charging just 0.5 percent commission per transaction. Other popular services include Cryptonator, CoinGate, and BitPay, with the latter only accepting Bitcoins.

In the US, Bitcoin and other cryptocurrencies recognized as convertible virtual currency, which suggests accepting them as a sort of payment are strictly equivalent to taking cash, gold, or gift cards.

For tax purposes, US-based businesses accepting cryptocurrencies got to record a reference of sales, the amount received during a particular currency, and, therefore, the date of transaction. If sales taxes are payable, the quantity due calculated supported the typical rate of exchange at the time of sale.

Legality of Cryptocurrencies

As cryptocurrencies are getting more and more mainstream, enforcement agencies, tax authorities and legal regulators worldwide try to know the very concept of crypto coins and where exactly do they slot in existing regulations and legal frameworks.

With the introduction of Bitcoin, the primary ever cryptocurrency, a new paradigm created. It decentralized, self-sustained digital currencies that don’t exist in any physical shape or form and aren’t controlled by any singular entity always set to cause an uproar among the regulators.

A lot of concerns raised regarding cryptocurrencies’ decentralized nature and their ability to be used almost entirely anonymously. The authorities everywhere the planet are worried about the cryptocurrencies’ appeal to the traders of illegal goods and services. Moreover, they’re concerned about their use in concealment and evasion schemes.

As of November 2017, Bitcoin and other digital currencies are outlawed only in Bangladesh, Bolivia, Ecuador, Kyrgyzstan, and Vietnam, with China and Russia being on the verge of banning them also. Other jurisdictions, however, don’t make the usage of cryptocurrencies illegal as of yet, but the laws and regulations can vary drastically counting on the country.

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vanessawestwcrtr5 · 6 years ago

Text

Cryptograffiti’s Latest ‘Running Bitcoin’ Portrait Sees Auction Bids of Over $30K

In roughly three days, on Feb. 7, Cryptograffiti’s latest art auction on Bitify will come to an end. “Running Bitcoin,” a tribute to the legendary cryptographer Hal Finney, currently has a bid of $31,000 at the time of writing. Over the past few months, Cryptograffiti has been creating very interesting pieces and unique auctions that showcase the bitcoin ecosystem from a different perspective.

Also read: Cryptocurrencies Have Spawned an Eclectic Underground Art Movement

Repurposed Credit Cards and Bolivars

Even if you don’t know Cryptograffiti by name, you’ve probably seen his artwork featured online and on the streets. For instance, one of the artist’s most popular pieces sold last year for $33,000 in cryptocurrency. The work was dubbed “Terrible Store of Value” and was in response to JP Morgan CEO Jamie Dimon’s commentary. Cryptograffiti is also known for his inventive mediums because he doesn’t just use traditional paints and ink. The artist uses repurposed credit cards and U.S. dollars in some of his unique pieces. This week, Cryptograffiti created a picture of Venezuela’s president Nicolás Maduro using Venezuelan bolivars.

The picture to the left is Cryptograffiti’s latest art, which is made of repurposed bolivars and is a portrait of Venezuela’s president Nicolás Maduro. The picture to the right is a portrait of JP Morgan’s boss Jamie Dimon called “Terrible Store of Value,” which sold for $33,000 in bitcoin. Artwork That Commemorates the 10th Anniversary of Hal Finney ‘Running Bitcoin’

This week will see the end to another Cryptograffiti art sale hosted on the cryptocurrency auction site Bitify. The latest work being auctioned is called “Running Bitcoin,” an ode to the well known cryptographer Hal Finney. Tales of the Bitcoin network’s early days say that Hal was the first person to receive bitcoins from Satoshi back in 2009. The portrait is placed on a safety deposit box and made with small fragments of credit cards.

The artwork “Running Bitcoin” has three days left until the end of the auction and already has a bid for $31,000. Half the proceeds will be donated to help people battling ALS, a disease that Hal Finney suffered from.

There’s also an old signed credit card of Hal’s attached to the artwork which was given to Cryptograffiti as a gift from Hal’s wife Fran Finney. Not only is Cryptograffiti’s latest work called “Running Bitcoin,” but the artwork also runs a full node by using a wifi-enabled Casa Node attached to the box. Another interesting fact about the Finney portrait’s auction is that half the proceeds will be donated to an organization that helps people fighting ALS.

“50% of the auction proceeds will go to the ALS Association Golden West Chapter who supported Hal during his battle with Amyotrophic Lateral Sclerosis,” explained Cryptograffi

Black Swan Sold to the Lowest Micro-Bidder

Last December, Cryptograffiti held another auction for a piece called “Black Swan” which was made from repurposed U.S. dollar bills. Unlike traditional auctions, the artwork was sold to the lowest micro-bidder.

Black Swan.

The really tiny piece of art measured 1.44 in x 1.75 in and the auction used the Lightning Network for bids. On Dec. 19, 2018, at 4 p.m. PST, Black Swan sold for 1 milli-satoshi or $0.000000037 worth of BTC. The small image made of fiat also came with a counterfeit pen used by merchants to tell whether or not a banknote is legitimate.

“Yesterday I auctioned this piece to the lowest bidder to help promote the Lightning Network and poke fun at MSM’s focus on bitcoin’s price,” explained Cryptograffiti at the time.

The Black Swan auction using the Lightning Network.

Many renaissance movements, especially those that have truly affected the world’s economy, have spread beyond the financial sectors of society and filtered into the world of music, theatre, and art. Bitcoin’s surrounding economy is no different and Cryptograffiti’s artwork and the many other digital currency artisans are proof of these evolutionary changes affecting various facets of our lives. The artist’s latest work which commemorates the 10th anniversary of cryptographer Hal Finney’s involvement in Bitcoin is just another example of this trend.

What do you think about Cryptograffiti’s work and auctions? Let us know what you think about this subject in the comments section below.

Image credits: Cryptograffiti.

Need to calculate your bitcoin holdings? Check our tools section.

Tags in this story

1 milli-satoshi, Art, artist, Artwork, Auction, Bitcoin, Bitcoin Core, black swan, Bolivars, BTC, Cryptocurrency, Cryptograffiti, Digital Assets, Fran Finney, FRN, Hal Finney, Jamie Dimon, lightning network, Mediums, N-Featured, Nicolas Maduro, Repurposed credit cards, Terrible Store of Value, U.S. dollar, Venezuala

Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

Original Source http://bit.ly/2Bi6sMk

0 notes

courtneyvbrooks87 · 6 years ago

Text

Cryptograffiti’s Latest ‘Running Bitcoin’ Portrait Sees Auction Bids of Over $30K

Also read: Cryptocurrencies Have Spawned an Eclectic Underground Art Movement

Repurposed Credit Cards and Bolivars

“50% of the auction proceeds will go to the ALS Association Golden West Chapter who supported Hal during his battle with Amyotrophic Lateral Sclerosis,” explained Cryptograffi

Black Swan Sold to the Lowest Micro-Bidder

Black Swan.

“Yesterday I auctioned this piece to the lowest bidder to help promote the Lightning Network and poke fun at MSM’s focus on bitcoin’s price,” explained Cryptograffiti at the time.

The Black Swan auction using the Lightning Network.

What do you think about Cryptograffiti’s work and auctions? Let us know what you think about this subject in the comments section below.

Image credits: Cryptograffiti.

Need to calculate your bitcoin holdings? Check our tools section.

Tags in this story

Jamie Redman

Original Source http://bit.ly/2Bi6sMk

#IFTTT #Cryptocurrency and Bitcoin

0 notes

bobbynolanios88 · 6 years ago

Text

Cryptograffiti’s Latest ‘Running Bitcoin’ Portrait Sees Auction Bids of Over $30K

Also read: Cryptocurrencies Have Spawned an Eclectic Underground Art Movement

Repurposed Credit Cards and Bolivars

“50% of the auction proceeds will go to the ALS Association Golden West Chapter who supported Hal during his battle with Amyotrophic Lateral Sclerosis,” explained Cryptograffi

Black Swan Sold to the Lowest Micro-Bidder

Black Swan.

“Yesterday I auctioned this piece to the lowest bidder to help promote the Lightning Network and poke fun at MSM’s focus on bitcoin’s price,” explained Cryptograffiti at the time.

The Black Swan auction using the Lightning Network.

What do you think about Cryptograffiti’s work and auctions? Let us know what you think about this subject in the comments section below.

Image credits: Cryptograffiti.

Need to calculate your bitcoin holdings? Check our tools section.

Tags in this story

Jamie Redman

Original Source http://bit.ly/2Bi6sMk

#IFTTT #Cryptocurrency and Bitcoin

0 notes

adrianjenkins952wblr · 6 years ago

Text

Cryptograffiti’s Latest ‘Running Bitcoin’ Portrait Sees Auction Bids of Over $30K

Also read: Cryptocurrencies Have Spawned an Eclectic Underground Art Movement

Repurposed Credit Cards and Bolivars

“50% of the auction proceeds will go to the ALS Association Golden West Chapter who supported Hal during his battle with Amyotrophic Lateral Sclerosis,” explained Cryptograffi

Black Swan Sold to the Lowest Micro-Bidder

Black Swan.

“Yesterday I auctioned this piece to the lowest bidder to help promote the Lightning Network and poke fun at MSM’s focus on bitcoin’s price,” explained Cryptograffiti at the time.

The Black Swan auction using the Lightning Network.

What do you think about Cryptograffiti’s work and auctions? Let us know what you think about this subject in the comments section below.

Image credits: Cryptograffiti.

Need to calculate your bitcoin holdings? Check our tools section.

Tags in this story

Jamie Redman

Original Source http://bit.ly/2Bi6sMk

#IFTTT #Cryptocurrency and Bitcoin

0 notes

mccartneynathxzw83 · 6 years ago

Text

Cryptograffiti’s Latest ‘Running Bitcoin’ Portrait Sees Auction Bids of Over $30K

Also read: Cryptocurrencies Have Spawned an Eclectic Underground Art Movement

Repurposed Credit Cards and Bolivars

“50% of the auction proceeds will go to the ALS Association Golden West Chapter who supported Hal during his battle with Amyotrophic Lateral Sclerosis,” explained Cryptograffi

Black Swan Sold to the Lowest Micro-Bidder

Black Swan.

“Yesterday I auctioned this piece to the lowest bidder to help promote the Lightning Network and poke fun at MSM’s focus on bitcoin’s price,” explained Cryptograffiti at the time.

The Black Swan auction using the Lightning Network.

What do you think about Cryptograffiti’s work and auctions? Let us know what you think about this subject in the comments section below.

Image credits: Cryptograffiti.

Need to calculate your bitcoin holdings? Check our tools section.

Tags in this story

Jamie Redman

Original Source http://bit.ly/2Bi6sMk

0 notes

teiraymondmccoy78 · 6 years ago

Text

Cryptograffiti’s Latest ‘Running Bitcoin’ Portrait Sees Auction Bids of Over $30K

Also read: Cryptocurrencies Have Spawned an Eclectic Underground Art Movement

Repurposed Credit Cards and Bolivars

“50% of the auction proceeds will go to the ALS Association Golden West Chapter who supported Hal during his battle with Amyotrophic Lateral Sclerosis,” explained Cryptograffi

Black Swan Sold to the Lowest Micro-Bidder

Black Swan.

“Yesterday I auctioned this piece to the lowest bidder to help promote the Lightning Network and poke fun at MSM��s focus on bitcoin’s price,” explained Cryptograffiti at the time.

The Black Swan auction using the Lightning Network.

What do you think about Cryptograffiti’s work and auctions? Let us know what you think about this subject in the comments section below.

Image credits: Cryptograffiti.

Need to calculate your bitcoin holdings? Check our tools section.

Tags in this story

Jamie Redman

Original Source http://bit.ly/2Bi6sMk

0 notes