Archive for BitCoin

Technology – Internet Search, Fora and Secondary Income

Posted in Business with tags , , , , , , , , , , , on 2016/09/18 by rmolby

Many of us in the technology sector no doubt have heard of Bitcoin and the Blockchain by now, the alternative- or crypto-currency (ALTcoin or CryptoCoin) and the underlying infrastructure, respectively.

While the general populace is still getting to grips with what Bitcoin is, and how it works, many tech savvy people are already using it, while the banking cartels know what it is and how it work, but are struggling to implement blockchain technology into their aging infrastructure.

Needless to say, many alternative new ALTcoin or diffferent Crypto-Currencies have sprung up since Bitcoin came into being back in 2009. The first ALTcoin was LiteCoin, many have come and gone since, but a few are very successful, whether that is valued in their monetary value, such as Bitcoin (BTC ~US600), Ether (ETH ~US$12), Dash ( ~US$11), Monero (XMR !US$9), and LiteCoin (LTC ~US$4), or for their functional value, such as NameCoin (NMC, blockchain DNS servcies) and GridCoin (GRC, rewards system for the BOINC computing network). Any monetary value I mentioned above are as of this posting.

Now, you might be asking, what does this all have to do with Internet Search, Fora, and Secondary Income?

Well, first of all, when we do an internet search, we are asking a question to a search algorithm. The traditional search engines like Bing, Google and Yahoo give you the results you seek, and keep any revenue they get from all the advertising mixed into the search results screens.

You might way, well, that is just fair, they did all the work of developing and refining the search algorithm that give you what you want, and the advertisers are paying to have their ads placed in relevant web pages and search results, right?

Now, take into consideration, without your determination and resolve to find what you want via a search, Google would not exist the way we know it today. Without the search the ad placement would be minimal, and Google would probably only make a fraction of their current income.

So why does Google get to keep all those funds? Because they control the infrastructure you are using!

What if I told you, there is a search engine that designed their revenue model to share up to 25% of their revenue with you, the person doing the search?

Such a search engine exists… SearchTrade literally pays you to do searches! They even have an Android App!

At the current time, it is peanuts, about 56 Satoshi per search, I can make more from BTC faucets than from this search engine, but it is a start, for sure. However, unlike a faucet where I need to do stuff, all I have to make sure is that I am logged into SearchTrade and do the search. Simple.

Now, what about the Fora (plural of Forum)?

Well, when you make a forum post, you either ask a question, or post information of various levels of value. Either way, either the question or the information may be valuable to someone else. So why should you not get rewarded for participating in fora?

One such forum is METABTC where you get paid BTC 0.0001 to post. I personally have not posted anything yet, but that’s alright, I generally do not generate that much content, so I will keep it short.

Lastly, to address the Secondary Incomes portion of the title of this post, anything that earns you a little extra on top of the pay you make from your primary profession would be considered secondary income, including what some personalities on the Internet call residual income. Residual income is really a subset of secondary income. If you earn a small trickle of money from a small project, that is called residual income. To me this is all the same, really.

So why is this secondary income important?

First of all, in the economy we are in, and I am referring to the economy at a local, regional, country, continent, and global level here, you cannot guarantee you will have your primary income tomorrow, so it is imperative you have secondary incomes that may pay for a meal or a tank of fuel for your vehicle here and there.

Then, should you lose your primary income, you can either spend more time working these secondary small incomes to make them bigger, or it buys you more time to find a new primary income while the secondary incomes provide you with a longer or easier time while looking to replace the primary income.

So, go out there, and find those additional income streams, and tap them today.

Economics – The value of bitcoin

Posted in Computer Software, Economy, Income with tags , , , on 2015/08/24 by rmolby

I have been involved in bitcoin mining from the early days, but with mining becoming more and more difficult, I have decided to not expend any more regular money on the endeavor, instead to concentrate on bitcoin faucets.

So I was looking at an app called BitMaker on my smartphone, an app that trades viewing ads for small amounts of bitcoin called Satoshi.

A Satoshi is one unit at the 8th decimal place, or 0.00000001 BTC. Since there will be a maximum of 21 million bitcoin ever mined, and there are roughly 7.5 billion people on the planet, and growing, we will need approximately 0.0028 BTC, or 280,000 Satoshi, per person at the current population levels.

To figure out what it take at a minimum to survive in the USA, including food, rent or mortgage, utilities, etc, I will be looking back to 1964. There is a reason for this I will get into shortly.

In 1964, you could live at the transition point from lower to middle class, pay all your bills, live in a decent house, drive one car, have one TV, and not be at the brink of poverty. It meant being frugal. The minimum wage in 1964 was $1.25 and it would provide that level of minimum living on ONE income. FIVE quarters (25 cent coins for those outside of the USA) per hour would pay that level of income!

Now, the reason why I chose 1964 is the fact that there still was silver in quarters, 90% to be exact. If we go to Coinflation.com, we see a single pre-1965 quarter is worth $2.6403 in 2015 dollars. So 5 quarters would be $13.20, that is more than today’s minimum wage in most areas of the USA. That is $27,459.12 per year in 2015 dollars. Back in 1964 you could live decent, today that makes you poor and in some cases eligible for welfare!

But let’s assume that today we COULD eek out a living on $28,000 per year. I rounded the number to make the math easy. As you saw above, there are about 280,000 Satoshi per person, per year, so, that would make each Satoshi worth $0.10 or 10 cents. If this is the case, then 10 Satoshi make $1, and one bitcoin would be worth 10 million US dollars.

Right now, BitMaker allow me to bring in around 16000 Satoshi a week, currently, at about $280 per BTC, that is about 4-5 cents, however, if bitcoin would be worth what it should be as described above, this would represent US$1600, a significant amount of income.

I wrote the above over the last two weeks in short bursts without posting it here. So then today I read an article on beta Kim Dotcom recommends investing into bitcoin due to the current stock market down turns in China, EU, and USA.

So, if bitcoin ever achieves it’s real value, I can totally see my currently meager income of a few Satoshi here and there add up to significant retirement savings. $1600 per day, could turn out to be $584,000 in the future.

Are you acquiring a few Satoshi today?

Financial – Micro-tipping with ChangeTip

Posted in Blogging, Business, Economy, Entertainment, Income, Internet, Liberty, Technology, Wordpress with tags , , , , , , , , , , , on 2014/08/24 by rmolby

In my previous post about tipping with bitcoin on Twitter, I talked about using TipperCoin, but this only worked on Twitter. So here comes a different outfit, ChangeTip – A Love Button for the Internet.

Have you ever read something on Facebook, Google+, Twitter, or any other social media site and wanted to send the author a small amount of funds to tell them you appreciate the information?

Well, sending very small tips, also called micro-payments or micro-tipping, isn’t really feasible with say PayPal, or most other conventional payment systems, because of all the transaction fees.

Well, all this changed when Bitcoin was created back in 2007/2008 (see history), and today we are are able to make financial transaction in microscopic small amounts. As a matter of fact, as of this posting, it would take 122,174 satoshi to make one (1) US dollar, or 1221.74 satoshi to make a US Penny, according to Satoshi Value.

This means that I can now tip or pay for just the piece of content that is important to me. For example, if I look at a DiY page and all I really needed is a picture of where a part goes on a gadget, I may tip the article or post writer a dollar, but if just needed one paragraph of text to clarify something, or I find a page visually pleasing, I may tip 1000 satoshi, or just under a penny. Hover, if I find something really valuable, say a gardening article, and I decide to print a hard copy of it for future reference, I may tip US$5 because I find it that valuable and I am keeping it for future reference, so it is worth that much. Or maybe 1/4 of the article is worth keeping it, so I will tip US$1.25.

So first there was TipperCoin, a novel way to send small amount of bitcoin to Twitter users. But since this is specific to Twitter users I never really got into it because I just don’t Twitter that much, much less read a lot of Tweets. This all changes with ChangeTip. It is cross-platform, currently supporting GitHub, Google+, Reddit, StoclTwits, Tumblr, Twitter and YouTube. They are working on Facebook.

When you sign up, they generously give US$0.50 to start your tipping account. I used my Google+ to do the signing up, and it automatically linked my YouTube channel. I then added all the other social media sites I have an account with.

Now I am ready to both tip and receive tips.

So, here we go, a way to tell authors how much you appreciate their work beyond giving them a “Like”, “Plus” or retweet.

If you found this article useful, you can go here to give me a tip and sign up if you are not a ChangeTip member.

Tip Me With ChangeTip

Financial – Micro-tipping with Bitcoin

Posted in Blogging, Business, Economy, Entertainment, Internet, Liberty, Technology, Wordpress with tags , , , , , , , , , , , on 2014/01/21 by rmolby

Have you ever read something on Facebook, Google+, Twitter, or any other social media site and wanted to send the author a small amount of fund to tell them you appreciate the information?

Well, sending very small tips isn’t really feasible with say PayPal or most other conventional payment systems. Then here comes TipperCoin, a novel way to send small amount of Bitcoin to Twitter users. Once you have an account on TipperCoin by signing in with your Twitter account, you are automatically given a Bitcoin address that is used to both receive and send micro Bitcoin to other Twitter users by sending a Twitter message in the following format:

“@recipient, message text here, 0.001 BTC @tippercoin”

Even if the Twitter user does not have a TipperCoin account yet, TipperCoin will automatically generate a Bitcoin address for the user and store the coin up to 21 days.

So, here we go, a way to tell authors how much you appreciate their work beyond giving them a “Like”, “Plus” or retweet.

Economics – Indias war on Gold and Bitcoin

Posted in Blogging, Economy, Politics with tags , , , , , , , on 2013/12/29 by rmolby

While perusing some news feeds this morning, I came across a headline stating India is declaring war on Bitcoin but without a link to the source material, so I searched on this subject via DuckDuckGo and came across a few interesting articles.

The first one if from June 2013 reporting that because the Indian FIAT currency, the Rupee, is basically inflating relentlessly, and India’s citizens had been investing in Gold to preserve their meager wealth, so the India central bank basically banned Gold.

http://news.goldseek.com/GoldSeek/1371487439.php

So then in August 2013 we get such headlines as U.S. Government eyes regulation of ‘Bitcoins

http://www.usatoday.com/story/news/politics/2013/08/26/bitcoin-virtual-currency-regualtions/2702653/

Then in November 2013, we get more news coverage such as:

US regulations are hampering Bitcoin’s growth

http://www.theguardian.com/commentisfree/2013/nov/18/bitcoin-senate-hearings-regulation

and now in December, we see such headlines as:

China cracks down on Bitcoin

http://money.cnn.com/2013/12/05/investing/china-bitcoin/index.html

India’s biggest Bitcoin operator halts trade

http://www.dawn.com/news/1076772/indias-biggest-bitcoin-operator-halts-trade

India declares war on bitcoin

http://voiceofrussia.com/2013_12_29/India-declares-war-on-bitcoin-1922/

So what do all of these countries have in common?

They all are in fear of their FIAT currencies being replaced by something more stable, but much more simple to use than gold, however, even gold is feared since they cannot print more of it – they cannot inflate themselves out of a pickle, so just like Microsoft will either destroy or buy the competition, the same holds true for the countries who fear Bitcoin and gold; they want to either control it or destroy it.

Where does this leave us plain Joe Publics?

Keep using and investing in both, they are already reaping our wealth in the form of taxes, levies, and inflation of the national currencies, so what do we have to lose, if they eventually come for both Bitcoin and Gold, they would have done so anyway through other means, this gives us a little more time to use our funds.

Bury your Gold and spend your Bitcoins!

Of course, I’m delusional and misguided, what do I know ROFLMAO…

Story – The Riparian Buffer Tribe – Prologue

Posted in Blogging, Entertainment with tags , , , , on 2013/02/18 by rmolby
"Valuable information on conservation buf...

“Valuable information on conservation buffers is still flowing from Bear Creek in Story County, Iowa. A riparian buffer first established in 1990 on the Ron Risdal farm has been studied extensively for ten years; ten major findings have been gleaned from the research at the site.” (Photo credit: Wikipedia)

Well, I finally got around to writing the prologue to my story “The Riparian Buffer Tribe.”

I will be writing this story one paragraph at a time as I find time to do so. As I write the first revision of each paragraph, I will post it to BitBin, Tweet it to the world, and provide you with the link tot he content so you can read the story as it develops.

I have to go and take care of some real world family matters, so I will keep this short and provide you with a way to get to the content and how I’m going to lay out future posts with all the links to the content sequentially so you can read the whole thing.

As you can see below, there will be links to the the revised editions of the paragraphs. I am wide open to suggestions and corrections of my work. If you decide to send me a revision or correct, include your Bitcoin address if you have one, and I will put yours into the BitBin post so you get credit for the work.

When you click on one of the main links (i.e. “Prologue” in this case, you will be redirected to a CoinURL address, just hang tight for a minute and it will redirect you to the BitBin location.

The revisions after the main link will go directly to the BitBin location, so older content will bypass CoinURL. I can track statistics using CoinURL and also get paid a small amount of Bitcoin, so it will help me out since our household budget is getting slimmer by the day, and the statistics will tell me the traffic to the content.

Prologue Rev 0.01 0.00

Chapter 1 – Foundation Rev 0.01 0.00

I also plan on having guest authors that arise from you readers sending me corrections and suggestions. I am hoping that these guest authors might write short stories and novelettes to complement my story line. I imagine this will start happening as my story develops further and things get fleshed out, however, if someone can think of a short story that might describe the lead-in for a character that just appears briefly in my story, then please feel free to send me the outline for your idea, and if you want to proceed to write the story on your own blog and use BitBin and CoinURL the way I use to earn small amounts of Bitcoin in the process, let me know and I will send you a PDF that details how I do it.

Once your story is complete, just like I plan on publishing mine as an eBook, I would recommend you publish yours as an eBook as well. I will then publish a blog post and web page that will point to the eBooks.

Thanks for reading and I hope to see you return to the blog to read future postings of my developing story.

Ramblings for 2013.01.26

Posted in Blogging, Entertainment, Internet, Uncategorized, Wordpress with tags , , , , , , , , on 2013/01/26 by rmolby
The bitcoin logo

The bitcoin logo (Photo credit: Wikipedia)

Well, it is Saturday, and as with most days when I am not at work, I still wake up fairly early, and while the rest of my family continues to sleep in, I get a chance to relax and devote a little time to catching up on the internet goings and occasionally update this blog.

So I have been following the Bitcoin phenomenon for a few months now, and I frequent Bitcoin faucets (websites offering free Bitcoin for a little interaction) and have been building up a small amount of the digital currency.

In the process of looking for more free Bitcoin sources, I found this site called BitBin and it allows you to post snippets of text and/or code and if you supply a Bitcoin address, any advertising revenue they get from this page being displayed, they give you a small share of the ad revenue.

I thought that is pretty neat, and also that I could combine that with another idea.

I was thinking about writing novelettes and short stories about the things that are important to me, some of which I share as blog posts here. All of these writings could stand on their own, but would combine into a bigger story line.

Where BitBin would come into play is that I would post paragraphs on BitBin, and then provide a link to the paragraph on this blog along with all the other links, giving the readers of this blog a chance to read my work as I produce it, while giving me a small amount of revenue from the click-through revenue from BitBin.

I think I will also add my PayPal and Dwolla account info with each post, so any one that thinks they would like to donate by making a micro-payment could do so.

Anyway, just some ideas… thrown out there and at you… feel free to comment…

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