ELI5 Bitcoin Mining: Explain Bitcoin Mining Like I'm Five ...

Explain Bitcoin Like Im Five /r/Bitcoin

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Explain Bitcoin Like Im Five

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Explain Bitcoin Like Im Five

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Explain Bitcoin Like Im Five

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Explain Bitcoin Like Im Five

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Explain Bitcoin Like Im Five

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ELI5 Bitcoin - Explain Bitcoin Like I'm Five

ELI5 Bitcoin - Explain Bitcoin Like I'm Five

https://preview.redd.it/2eirnn6udz651.png?width=1587&format=png&auto=webp&s=990feb41f171eabccb860ce59a7d2d94a4c1c9c8
Visit us at - https://bitcoinmaximalist.net/eli5-bitcoin-explain-bitcoin-like-im-five/
Bitcoin is pretty technical, and understanding it isn't easy, but ELI5 Bitcoin is stripped down and explained in such a way that a five year old can understand Bitcoin. If you're interested in Bitcoin but are put off by all the technical jargon, have a listen. It's Bitcoin for beginners simplified.
submitted by conyersmooney to u/conyersmooney [link] [comments]

FOMO at $3500 & Engaging with Bitcoin without "investing"

Some thoughts at 3500$ for new and old.
Let's say you over-extended yourself and bought 2 BTC at 4k. Consider establishing a stop-loss to limit your liability. You can choose to sell and take the 1000$ loss as a valuable but cheap lesson in speculating; this market is a speculative jungle and you're only making money in the short term by actively playing the market, e.g. if you bought at 3700 and sold at 4400 before price declined again you would be pretty satisfied with yourself.
If you believe bitcoin will eventually become a digital reserve currency or at least see another all time high (ATH) at which you'll sell a portion and want to invest for the long term despite market volatility your other choice is to Dollar Cost Average your crypto. NB: that this does not mean buying in a lump sum, it is profoundly misguided to heavily leverage yourself to "go all in," which is an english phrase used in gambling. If you take this position the wisest course is to budget a small amount you can afford to lose and routinely buy crypto at set intervals regardless of losses.
For example, let's say that you put a small amount once a month into your crypto fund and the price has decreased by 500$/mo. If you bought set amounts at 6k, 5.5k, 5k, 4.5k, 4k, 3.5k then your DCA would be 4.75k/BTC, you're still down but not as badly as if you were to buy once at 6k. Ideally the price will eventually rise, so if you buy down to 3k then at 3.5k, 4k, 4.5k, 5k, 5.5k, 6k, & 6.5k your DCA is still 4.75k/BTC but the price is 6.5k/BTC. Feels pretty good, right? Now take a look at how long it took to get to this point in an improbable perfect scenario: 14 months. Note that this is for demonstration purposes only, not a prediction, and if we actualize sustained growth after this we're probably looking at much longer bumpier road.
If you're new or have pulled out to limit your losses, just be patient and keep watching the price. No one knows how low it will go and trying to anticipate that and exhausting your resources the moment you think we've hit bottom is a recipe for regret. Work on your budget now and when we see a sustained recovery start routinely contributing small amounts to your crypto fund. If you have debt the single most important step you can take towards financial independence is to pay it off and limit your use of credit. Consider building an emergency fund with 3-6 months of expenses before contributing heavily to a risky crypto fund.
Take this exciting/tumultuous period to learn about BTC and how to use it, we contribute to the ecosystem when we participate in further decentralizing the network and the benefits of bitcoin are fully realized when it's used as a currency. Put a wallet on your phone and computer, check out hardware wallets such as the Ledger to store large amounts while keeping spending money on your phone. Offer to accept bitcoin as payment, learn what private keys are and why it's important to hold them yourself rather than letting an exchange hold them. If you just bought some coins on an exchange because everyone is talking about bitcoin but didn't look much further than TAs, you can read this ELI5 article to get you started. Consider reading the Cypherpunk Manifesto and the pseudonymous Satoshi Nakamoto's Whitepaper. Google what you don't understand, ask what you can't find on Google. Andreas Antonopoulos is a bitcoin expert/evangelist/apologetic and has extensive talks/Q&As on his YT Channel.
If you're "in it for the tech" then consider contributing to the Lightning Network by running a node, if you're a tinkerer Stadicus has a pinned post that's a cool crypto project and costs about 125$. Raspiblitz project is linked in the comments to that thread and incorporates an LCD screen which CBDoctor used to make this legit node/art installation. Alternately you can buy a ready-made Casa node for 300$.
Hopefully y'all will post some additional thoughts and suggestions for further reading/tinkering in the comments.
Nour!
submitted by FortuitousIdiom to Bitcoin [link] [comments]

Explain Bitcoin Like I’m Five Years Old

Explain Bitcoin Like I’m Five Years Old

https://preview.redd.it/ufikmu2x7kg31.jpg?width=700&format=pjpg&auto=webp&s=02e9e3d750eaad507e7e157c117f1c8f182d18d6
We’re sitting on a park bench. It’s a great day.
I have one apple with me. I give it to you.
You now have one apple and I have zero.
That was simple, right?
Let’s look closely at what happened:
My apple was physically put into your hand.
You know it happened. I was there. You were there. You touched it.
We didn’t need a third person there to help us make the transfer. We didn’t need to pull in Uncle Tommy (who’s a famous judge) to sit with us on the bench and confirm that the apple went from me to you.
The apple’s yours! I can’t give you another apple because I don’t have any left. I can’t control it anymore. The apple left my possession completely. You have full control over that apple now. You can give it to your friend if you want, and then that friend can give it to his friend. And so on.
So that’s what an in-person exchange looks like. I guess it’s really the same, whether I’m giving you a banana, a book, or say a quarter, or a dollar bill….
But I’m getting ahead of myself.

Back to apples!

https://preview.redd.it/tiqzyii38kg31.jpg?width=700&format=pjpg&auto=webp&s=6e084a4531a010db9d1fad4329582a418b13a4e3
Now say, I have one digital apple. Here, I’ll give you my digital apple.
Ah! Now it gets interesting.
How do you know that that digital apple that used to be mine, is now yours, and only yours? Think about it for a second.
...
It’s more complicated, right? How do you know that I didn’t send that apple to Uncle Tommy as an email attachment first? Or your friend Joe? Or my friend Lisa too?
Maybe I made a couple of copies of that digital apple on my computer. Maybe I put it up on the internet and one million people downloaded it.
As you see, this digital exchange is a bit of a problem. Sending digital apples doesn’t look like sending physical apples.
Some brainy computer scientists actually have a name for this problem: it’s called the double-spending problem. But don’t worry about it. All you need to know is that, it’s confused them for quite some time and they’ve never solved it.
Until now.
But let’s try to think of a solution on our own.

Ledgers

https://preview.redd.it/rmi8txfh8kg31.jpg?width=700&format=pjpg&auto=webp&s=ff7466417d08f4054c4e71542e3308f20ba37e02
Maybe these digital apples need to be tracked in a ledger. It’s basically a book where you track all transactions — an accounting book.
This ledger, since it’s digital, needs to live in its own world and have someone in charge of it.
Say, just like World of Warcraft. Blizzard, the guys who created the online game, have a “digital ledger” of all the rare flaming fire swords that exist in their system. So, cool, someone like them could keep track of our digital apples. Awesome — we solved it!

Problems

There’s a bit of a problem though:
1) What if some guy over at Blizzard created more? He could just add a couple of digital apples to his balance whenever he wants!
2) It’s not exactly like when we were on the bench that one day. It was just you and me then. Going through Blizzard is like pulling in Uncle Tommy(a third-party) out of court(did I mention he’s a famous judge?) for all our park bench transactions. How can I just hand over my digital apple to you, like, you know— the usual way?
Is there any way to closely replicate our park bench, just you-and-me, transaction digitally? Seems kinda tough…

The Solution


https://i.redd.it/craoj9fn8kg31.gif
What if we gave this ledger — to everybody? Instead of the ledger living on a Blizzard computer, it’ll live in everybody’s computers. All the transactions that have ever happened, from all time, in digital apples will be recorded in it.
You can’t cheat it. I can’t send you digital apples I don’t have, because then it wouldn’t sync up with everybody in the system. It’d be a tough system to beat. Especially if it got really big.
Plus it’s not controlled by one person, so I know there’s no one that can just decide to give himself more digital apples. The rules of the system were already defined at the beginning. And the code and rules are open-source. It’s there for the smart people to contribute to, maintain, secure, improve on, and check on.
You could participate in this network too and update the ledger and make sure it all checks out. For the trouble, you could get like 25 digital apples as a reward. In fact, that’s the only way to create more digital apples in the system.

I simplified quite a bit

…but that system I explained exists. It’s called the Bitcoin protocol. And those digital apples are the “bitcoins” within the system. Fancy!
So, did you see what happened? What does the public ledger enable?
1) It’s open source remember? The total number of apples was defined in the public ledger at the beginning. I know the exact amount that exists. Within the system, I know they are limited(scarce).
2) When I make an exchange I now know that digital apple certifiably left my possession and is now completely yours. I used to not be able to say that about digital things. It will be updated and verified by the public ledger.
3) Because it’s a public ledger, I didn’t need Uncle Tommy(third-party) to make sure I didn’t cheat, or make extra copies for myself, or send apples twice, or thrice…
Within the system, the exchange of a digital apple is now just like the exchange of a physical one. It’s now as good as seeing a physical apple leave my hand and drop into your pocket. And just like on the park bench, the exchange involved two people only. You and me — we didn’t need Uncle Tommy there to make it valid.
In other words, it behaves like a physical object.
But you know what’s cool? It’s still digital. We can now deal with 1,000 apples, or 1 million apples, or even .0000001 apples. I can send it with a click of a button, and I can still drop it in your digital pocket if I was in Nicaragua and you were all the way in New York.
I can even make other digital things ride on top of these digital apples! It’s digital after-all. Maybe I can attach some text on it — a digital note. Or maybe I can attach more important things; like say a contract, or a stock certificate, or an ID card…
So this is great! How should we treat or value these “digital apples”? They’re quite useful aren’t they?
Well, a lot of people are arguing over it now. There’s debate between this and that economic school. Between politicians. Between programmers. Don’t listen to all of them though. Some people are smart. Some are misinformed. Some say the system is worth a lot, some say it’s actually worth zero. Some guy actually put a hard number: $1,300 per apple. Some say it’s digital gold, some a currency. Other say they’re just like tulips. Some people say it’ll change the world, some say it’s just a fad.
I have my own opinion about it.
That’s a story for another time though. But kid, you now know more about Bitcoin than most.
Link to original blog post: https://medium.com/free-code-camp/explain-bitcoin-like-im-five-73b4257ac833
Article by: Nik Custodio
submitted by Tokenberry to NewbieZone [link] [comments]

Explain Bitcoin Like I’m Five



https://medium.freecodecamp.org/explain-bitcoin-like-im-five-73b4257ac833
submitted by sophiab90 to Bitcoin [link] [comments]

Still Don't Get Bitcoin?

An article from 2013 but with great explanation on how bitcoin works using a digital apple as an example
https://medium.freecodecamp.org/explain-bitcoin-like-im-five-73b4257ac833
submitted by Programonks to CoinMarketApp [link] [comments]

If Bitcoin hits one hundred thousand dollars in the next five years Im gonna be so fucking happy. If it hits one million dollars in the next ten years Im gonna cry like a baby. If it hits ten million in the next twenty years Im gonna get a heart attack. /r/Bitcoin

If Bitcoin hits one hundred thousand dollars in the next five years Im gonna be so fucking happy. If it hits one million dollars in the next ten years Im gonna cry like a baby. If it hits ten million in the next twenty years Im gonna get a heart attack. /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Anyone had luck with this? I put in ten bucks on two five dollar tips and only one of them worked. Im curious to see if the money comes back in a month like its meant to. Id really like to utilize this, itd be fun to set you guys on some geocache Bitcoin Cash challenges.

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Can anyone explain futures to me like Im five? /r/Bitcoin

Can anyone explain futures to me like Im five? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Weve been brainwashed for 70 years to be "American" now we face the end and it seems like the good majority is only rubbing the sleep from their eyes. The current state of the world is horrible, I don't see this just "passing" over.

Our families and friends have been being brainwashed in America for almost 70 years now. This collapse of this country has been happening for generations. It started with the police force in the sixties, and then the dumbing down of our education, demoralizing our views with the ads on TV to be consumed by sex, drugs, and consumerism. Our Healthcare system is flawed, and our justice system is absolutely flawed. The banks are literally playing The game of monopoly with the government, they can't seem to print money fast enough to buy out corporations. They must make the stock market pretty to obtain the machismo stigma of "great america". The dollar bill is also nearly as useless as the amount of inflation occurring, yet we steadily keep pushing these paper ious around. Wait until staple items like bread and milk are nearly impossible to affordin five years if we are lucky.
If you believe this is fake news, then America has successfully brainwashed you into to believing that way of living is correct. America is one of the planets biggest enemies (in my eyes) and I pray that our civilization wakes up soon. To be honest it appears we are far too late. I believe that if the worst case scenario happens, (and at these times it seems there are several realistic downfalls) then almost all Americans will be in shock coming to the realization to late that they too have been a pawn and a slave in a broken system for too long.
Statistically, Americans are the least happiest they have ever been in this country. The world is watching our government scam and create fraud. The world is feeling the impact of the inflation of the dollar as their own economic systems cannot handle the current level of inflation. Currently, there is so much USD floating around outside of America that it is even beyond belief it still holds any value at all. We are talking since 1971, when Nixon ended the Bretton Woods agreement to take the USD off of the gold standard which helped the FEDs and banks play monopoly and flood the world. They've backed this fraud with immense amounts of military technology and power to imply the thuggish effect of American government. America is home of a scamming government that loves flaunting its big guns and ego to the world. They do this to hold the value of their monopoly.
As the world opens their eyes to the bullshit of America, the USD will undoubtedly collapse. Items such as bitcoin, precious metals, and bartering will become of greater value than the USD. This has got to stop, we the people need to become more aware. It is disgusting the amount of ignorance in this country. 99% have been lied to by the 1% of the wealthy and that is our real enemy here.
If we remove the blinders from our eyes, and the bananas from our ears it would become easier to be present in the life around you, because life exists outside of America, and it is greater than America. We are not grandiose, we are not better than or more entitled to anything more than any other living life. I am not proud to be an American today because the government has made it an ignorant country to be easily manipulated for them to destroy the world. We will always be chasing the lifestyle they live because it has been advertised to us as a kid, and the game is rigged in their favor. The government wants you here to collect your tax and use you for your slave labor. If you don't work you lose life, but if you work 60+ hours a week in a sweatshop or crammed in an office cubicle trying to struggle to survive, my question is, is your life of value at this point?
We will always be the hamster on a wheel as society if we don't stand up and revolt. Our voice is heavier than any constitutional "right" weve been granted. Im not trying to promote anything more than awareness to fellow peers who feel closely to me with the current state of the world. It is our duty to perform civic duties, and if that includes providing information to those suffering from the propaganda, than we should.
There is also the possibility that I am 100% paranoid and a controversial minded person, but truthfully the proof is in the pudding and I really feel several of us are starting to realize...we need to do more for each other. The government is on their own team, we need to be on our team. If the country is divided then we should form our loyalties with whom we love and trust. This life is yours, dont let it go because you were lied to and misinformed. Make your life better, it just takes a little effort and will power. The great American govt cannot take away our soul, or our will, but they can and will keep encouraging us to live lives with little moral value, little real world educational knowledge, and instead continue to be encouraged in consumerism and sheep like living.
submitted by treemull93 to collapse [link] [comments]

What to read for newbies in crypto?

Recommend me please some resources to increase my knowledge in crypto. Thank you.
submitted by Shouta_27 to BitcoinBeginners [link] [comments]

Info about crypto

I work for a company deals with crypto software, exchanges, processing, you name it. I need to make a knowledge base to become a more trusted worker, cause I often do copyrights about crypto. What sources and books (optional) can u recommend? Crypto for dummies would be perfect.
submitted by AlMerkeleon to BitcoinBeginners [link] [comments]

Updated list of Global Beermoney opportunities (+180!) - June 2020

Updated list of Global Beermoney opportunities (+180!) - June 2020

Introduction

The current, and now previous, Beermoney Global list started nearly 5 years ago. It’s been updated and has grown over all that time, but it also became a hassle to keep current. It was time to build a new list from scratch based on my experience in the Beermoney world over all these years and all the contributions all of you have been making in this sub.
The lists consist of opportunities that are available in at least one country that is not the US. This means there are sites which only work in Canada or the UK. There’s sites which are open to the whole world, but this does not mean everyone can really earn something on it. It’s all still very demographic and therefore location dependent. This list should give you a starting point to try out and find what works for you. I’m not using everything myself as I prefer to focus on a few, so not all are tested by me. They are found in this sub, other subreddits and other resources where people claim to have success.
I’ve chosen the format of a simple table with the bare minimum of information to keep things clean. It includes a link, how you earn, personal payment proof if available and sign-up bonus codes if applicable. Some of these bonuses are also one-time use codes specifically made for this sub! For the ones I don’t have payment proof (yet) feel free to provide some as a comment or via modmail so others know it’s legit. I am working on detailed instructions for each method that I personally use which will include things like cashout minimum, cashout options, tips & tricks,... For now I’ve split things up based on the type of earning like passive or mobile. Because of this there’s sometimes an overlap as some are both passive and on mobile or both earning crypto and a GPT (Get Paid To) website.
The lists are obviously not complete so I invite you to keep posting new ones in the sub, as a comment to this post, or in modmail. Especially if you have sites or apps which work for one single specific country I can start building a list, just like I did for The Netherlands and Belgium. If you recognize things which are in fact scams or not worth it let me know as well.

Beermoney opportunities

Get Paid To (Surveys, tasks, offers, videos, clicking links, play games, searching)
Register here How to earn Payment proof Sign-up bonus code
ySense - The best global site Surveys, tasks, offers, videos Paypal, Paypal /
PrizeRebel Surveys, tasks, offers, videos Paypal, Paypal Enter code 'beermoneyglobal'
SerpClix Google searching Paypal, Paypal /
Swagbucks & SwagButton Surveys, tasks, offers, videos, shopping & cashback, games, apps Paypal /
GG2U Surveys, tasks, offers, videos Paypal $1.00 if register here
Keep Rewarding Surveys, tasks, offers, videos, PTC Pending $0.25 if register here
Ebesucher Surfing, reading mails Bank transfer /
Reward XP Surveys, tasks, offers, videos Paypal $0.50 if register here
Gain.gg Surveys, tasks, offers, videos Paypal $0.10 if register here
Timebucks Surveys, tasks, offers, videos, Tik Tok, Shopping Bitcoin $1.00 if register here
GamerMine Surveys, offers, videos, tasks, Pending $1.00 if register here
Gamehag Tasks, offers, play games, post on forum, writing Pending /
BTCSurveys Surveys Pending /
FruitLab Watch & upload video game clips Pending 100 pips if register here
Clickworker Transcripts, tasks, UHRS (categorizing), surveys Paypal /
FreeSkins Surveys, offers, tasks, videos Pending 100 coins if register here
iRazoo Games, surveys, videos, offers, apps Pending Enter code 'AK7DB2' for 500 points when signing up
EarnCrypto Data entry, surveys, offers, tasks, videos, games, apps Pending /
Blockreward Apps, surveys, videos, tasks, offers Pending $2.00 if register here and earn 20000b + $2.00 if earn 10000b within 30 days
PaidViewPoint Surveys Paypal /
GrabPoints Suverys, videos, offers, games, apps Pending 500 points if register here
RewardingWays Surveys, offers, tasks, videos, contests Pending $0.20 if register here
SuperPay Surveys, offers, tasks, videos, contests Pending $0.20 if register here
InstaGC Surveys, tasks, videos, apps Pending /
GiftHunterClub Surveys, offers, videos, apps, games Pending $0.75 if register here
Idle-Empire Surveys, offers, videos, mining, apps, games Pending 500 points if register here
PicoWorkers Tasks, games, apps Pending /
ViewFruit Surveys Pending /
Mobrog (change language if needed) Surveys Pending /
Surveytime Surveys Pending /
Giveaway Pros Offers, videos Pending /
SEO Sprint (Russian, use Google Translate) Tasks Pending /
Earnhoney Surveys, tasks, offers, videos Pending /
Toluna Surveys Pending /
Spidermetrix Surveys Pending /
BeerSurveys Surveys, tasks, offers Pending /
CrowdHolding Co-create with startups Pending /
Diaworkers Tasks Pending /
Presearch Search & Earn Pending /
Univox Community Surveys Pending /
YouGov Surveys Pending /
Spare5 Tasks Paypal /
Rewardia Surveys, polls, games, videos, puzzles, trivia Pending 3000 points extra (when you earn 3000 points) if register here
Earnably Surveys, tasks, offers, videos Pending /
Neevo Tasks Pending /
Rakuten Insight (country specific links) Surveys Pending /
The Panel Station Surveys Pending /
Remotasks Tasks Pending /
Pureprofile Surveys Pending /
UserCrowd Tasks PayPal /
Sruvey Village Surveys Pending /
InboxDollars/InboxPounds Surveys, offers, videos, shopping Pending /
Qmee Surveys Pending /
MicroWorkers Tasks Pending /
Cinchbucks Surveys, offers, tasks, videos Pending /
Rewards1 Suverys, videos, offers, games, apps, polls, contests Pending /
Vindale Surveys Pending /
PointClub Surveys Pending /
TGM Panel Surveys Pending /
PaidPoints Tasks, offers, traffic exchange, ad clicking Pending /
RapidWorkers Tasks Pending /
AnyTask Sell your skills Pending /
Bounty0x Tasks Pending /
Opinion World Surveys Pending /
Lifepoints Surveys Pending /
Passive (desktop & mobile)
Register here How to earn Payment proof Sign-up bonus code
HoneyGain Desktop & mobile phone bandwith sharing (wifi + data) Paypal, Paypal $5.00 if register here
FluidStack Desktop bandwith sharing (Linux needed) Paypal /
PacketStream Desktop bandwith sharing Paypal /
LoadTeam CPU power sharing Pending $0.20 if register here
Gener8 Browser extension Pending 10 tokens if register here
Kryptex Crypto mining Bitcoin /
Ebesucher Surfing, reading mails Bank transfer /
Honeyminer Mining Pending 1000 satoshis if register here
LazyBucks Rent out your Facebook account Pending /
HideoutTV and link to Reward XP to cashout Videos Paypal /
Honey Discounts & Cashback / 500 Honey Gold if register here
Fitplay Games Pending $0.33 if register here
Mistplay Games Pending /
Money SMS Receive SMS Pending /
McMoney Receive SMS Pending $0.22 if using code '60LGG3PR'
SMS Profit Net Receive SMS Pending /
Simcash Send SMS [risky] Pending /
Cash4sms Send [risky] & receive SMS Pending /
ControlMySMS Receive SMS Pending /
Birdchain Send SMS [risky] Pending /
Sweatcoin Walking Pending /
COIN Explore Pending 1000 coins if register here
Panel App Surveys, location sharing Pending /
Phoneum Games, mining Pending /
Crypto (faucets, mining, GPT)
Register here How to earn Payment proof Sign-up bonus code
Cointiply Faucet, surveys, tasks, offers, videos Bitcoin Enter code 'beermoneyglobal'
FreeBitcoin Faucet, lottery, betting, passive interest Bitcoin /
AdBTC Click ads, active window surfing, autosurfing Pending /
Faucetpay Faucet Wallet, exchange, offers, tasks, trading Pending /
Faucet Crypto Faucet, ads clicking, offers, shortlinks Pending /
More Money Faucet, ads clicking, offers, shortlinks Pending /
Kryptex Crypto mining Pending /
Quicrypto Surveys, tasks, offers, games, videos Pending /
Coinpot Faucet Bitcoin /
Honeyminer Mining Pending 1000 satoshis if register here
BitShark Faucet, games Pending /
Publish0x Read & write articles Pending /
Starbits Faucet (need FaucetPay account) Pending /
Coinpayu Ads clicking, videos, offers Pending /
BTCSurveys Surveys Pending /
Blockreward Apps, surveys, videos Pending $2.00 if register here and earn 20000b + $2.00 if earn 10000b within 30 days
Coinbase Crypto sign-up bonuses Bank transfer See links in thread
LBRY.tv Watch videos Pending /
Pi Network Crypto mining Pending (see here) To join you need a referral link
EarnCrypto Data entry, surveys, offers, tasks, videos, games, apps Pending /
Phoneum Games, mining Pending /
Mobile
Register here How to earn Payment proof Sign-up bonus code
Cointiply Faucet, surveys, tasks, offers, videos Bitcoin Enter code 'beermoneyglobal'
HoneyGain Desktop & mobile phone bandwith sharing (wifi + data) Paypal $5.00 if register here
Google Opinion Rewards Surveys Play Store credit /
FreeBitcoin Faucet, lottery, betting, passive interest Bitcoin /
AppKarma Games, quizes, surveys Pending Enter code 'Proim' for 300 points when signing up
CashKarma Surveys, offers, games Pending Enter code 'Proim' for 300 points when signing up
Cash Alarm Games Pending Receive 25% of my earnings if register here
Cash Magnet Games, offers, tasks, videos Pending /
AttaPoll Surveys Pending /
ClipClaps Videos, games, raffles PayPall $1.00 & Diamond Chest if register here
Quicrypto Surveys, tasks, offers, games, videos Pending /
Poll Pay Surveys Pending $0.30 if using code '4CS6L4SQ8D' when signing up
BuzzBreak Read news, videos, offers, surveys Pending Enter code 'B06472489' when signing up
Userlytics Software testing Pending /
WowApp Games, offers, surveys, videos, chat, phone unlock, calling, cashback, shopping cashback, browsing, news reading Pending /
CuriousCat Surveys Pending /
Quickthoughts Surveys Pending /
Fitplay Games Pending $0.33 if register here
TV-Two Make Money Apps, games, Youtube, browsing Pending 555 credits if register here
Mistplay Games Pending /
FeaturePoints Suveys, offers, apps, cashback Pending 50 points if register here
Money SMS Receive SMS Pending /
BIGtoken Suveys, location sharing, social media account Pending Use code 'GMGALLOIA'
McMoney Receive SMS Pending $0.22 if using code '60LGG3PR'
Pi Network Crypto mining Pending (see here) To join you need a referral link
Roamler Mystery shopping Pending /
SMS Profit Net Receive SMS Pending /
Streetbees Surveys, tasks, create videos, take pictures Pending Enter code '6115GF' when signing up
Simcash Send SMS [risky] Pending /
VoxPopMe Video feedback Pending /
Cash4sms Send [risky] & receive SMS Pending /
Citizen Me Surveys Pending /
ControlMySMS Receive SMS Pending /
Birdchain Send SMS [risky] Pending /
Sweatcoin Walking Pending /
COIN Explore Pending 1000 coins if register here
Panel App Surveys, location sharing Pending /
GiftHunterClub Surveys, offers, videos, apps, games Pending $0.75 if register here
Phoneum Games, mining Pending /
Research
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Respondent Interviews, research, surveys Pending /
Prolific Surveys, research Paypal /
User testing
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submitted by Proim to beermoneyglobal [link] [comments]

Could someone ELI5 Bitcoin for me

I have heard a ton about this from a friend, but I don't quite understand it. Could someone give me a basic explanation of how the Bitcoin are generated. I would love to invest in them, but I want to understand it better. Thanks friends!
submitted by fuckinglimes to Bitcoin [link] [comments]

the year 2020 in Bitcoin Cash so far: a detailed history

the year 2020 in Bitcoin Cash so far: a detailed history
What follows at the bottom is a four page long chronological overview of what happened in BCH in 2020 so far. To make it more digestable and fun to read I start with my narrating of the story.
My attempt was to remain as objective as possible and "let the facts speak for themselve" with everything sourced. I also link to many read.cash articles, the decision of which are the important ones to include is certainly not easy, I count on the rest of the community if I overlooked anything important.

summary & my narrating of the story:
The year started out relatively calm, with cashfusion in "the news" and an older ongoing controversy between Amaury and Roger Ver being worked out. Starting Jan 22nd all debate broke loose with the announcement of “Infrastructure Funding Plan for Bitcoin Cash” by Jiang Zhuoer of BTC.TOP. To illustrate this point 2 days later coinspice ran the title " Roger Ver Praises Vigorous Debate, [...]" and 6 days, less than a week, later Chris Pacia made a read.cash post titled "The 253rd "Thoughts on developer funding" Article" which might have been only a slight exaggeration or he might have been counting. Part of the reason of the tsunami was the lack of worked out details. By the time of Pacia's post a lot had changed: Both BU, Bitcoin Verde and a group of miners had made announcements not to go along with "the plan".
On feb 1st, the second version of the IFP was announced by Jiang Zhuoer in a post “BCH miner donation plan update”. Two weeks later on Feb 15th, the third iteration was announced by Bitcoin ABC which was to be activated by hashrate voting and on the same day Flipstarter was introduced, a sign of the search for alternative solutions. After a few more days and a few more people coming out more against the IFP (including Jonald Fyookball, Mark Lundeberg & Josh Ellithorpe), BCHN was announced on feb 20th with a formal release a week later. Also feb 27th, the DAA was brought back into the conversation by Jonathan Toomim with his " The BCH difficulty adjustment algorithm is broken. Here's how to fix it." video. By early march the IFP was effectively dead with its author Jiang Zhuoer vowing to vote against it. This became clear to everyone when ABC, a day later sudddenly shifted gears towards non-protocol, donation based funding: the IFP was dead. End march ABCs 2020 Business Plan was announced as a way to raise $3.3 million. Mid april to mid may was the high time for voluntary funding with four node implementations and General Protocols, a BCH DeFi Startup successfully raising funds.
By May 15th, the 6th HF network upgrade things had pretty much cooled down. The upgraded included nothing controversial and even saw an unexpected doubling in the unconfirmed transaction chain. June 15th a month later things started to heat up again with the BCHN announcement to remove the "poison pill" or "automatic replay protection". 8th Jul Jonathan Toomim posted "BCH protocol upgrade proposal: Use ASERT as the new DAA" which promised the solution to the long dragging DAA problem. Jul 23th however an unexpected twist occurred when Amaury Séchet posted "Announcing the Grasberg DAA" an incompatible, alternative solution. This, again, sparked a ton of debate and discussion. Grasberg lasted just two weeks from Jul 23th to Aug 6th when ABC announced its plans for the november 2020 upgrade but it had successfully united the opposition in the meanwhile. ABCs plan for november included dropping grasberg in favour of aserti3–2d and introducing IFPv4. Now we're here August 8th, the IFP which was declared dead after just over a month (Jan 22-Mar 5) is now back in full force. The rest of the history is still being written but if p2p electronic cash is to succeed in any big regard it's very thinkable that these events will get into history books.

Important resources: coinspice IFP timeline & Compiled list of BCH Miner Dev Fund posts, articles, discussions

History
Jan 13th : “Do CoinJoins Really Require Equal Transaction Amounts for Privacy? Part One: CashFusion” article by BitcoinMagazine [source]
Jan 13th : “Clearing the Way for Cooperation” Read.cash article by Amaury Séchet [source] on the controversy with Roger Ver about the amount of donations over the years
Jan 22nd : “Infrastructure Funding Plan for Bitcoin Cash” IFPv1 announced by Jiang Zhuoer of BTC.TOP [source] IFPv1: 12.5% of BCH coinbase rewards which will last for 6 months through a Hong Kong-based corporation & to be activated on May 15th
Jan 22nd : ”Bitcoin Cash Developers React to Infrastructure Fund Announcement: Cautiously Optimistic” coinspice article including Amaury Séchet, Antony Zegers, Jonald Fyookball & Josh Ellithorpe [source]
Jan 23rd : Jiang Zhuoer reddit AMA [source] [coinspice article]
Jan 23rd : Vitalik weighs in with his take on twitter [source]
Jan 23rd :” On the infrastructure funding plan for Bitcoin Cash” article by Amaury Séchet [source] [coinspice article] in which he proposed to place control of the IFP key in his hands together with Jonald Fyookball and Antony Zegers. . A group of 7 to 12 miners, developers, and businessmen in total would get an advisory function.
Jan 24th : “Bitcoin.com's Clarifications on the Miner Development Fund“ which emphasizes, among other things, the temporary and reversible nature of the proposal [source] [coinspice article]
Jan 24th : “Little Known (But Important!) Facts About the Mining Plan” Read.cash article by Jonald Fyookball in which he defended the IFP and stressed its necessity and temporary nature.
Jan 25th : massive amounts of public debate as documented by coinspice [coinspice article] with Justin Bons, Tobias Ruck and Antony Zegers explaining their take on it.
Jan 26th : public debate continues: “Assessment and proposal re: the Bitcoin Cash infrastructure funding situation” Read.cash article by imaginary_username [source] which was noteworthy in part because the post earned over Earns $1,000+ in BCH [coinspice article] and “The Best Of Intentions: The Dev Tax Is Intended to Benefit Investors But Will Corrupt Us Instead” by Peter Rizun [source]
Jan 27th : “We are a group of miners opposing the BTC.TOP proposal, here's why” article on Read.cash [source] [reddit announcement]
Jan 27th : Bitcoin Unlimited's BUIP 143: Refuse the Coinbase Tax [source][reddit announcement]
Jan 28th : “Bitcoin Verde's Response to the Miner Sponsored Development Fund” read.cash article by Josh Green in which he explains “Bitcoin Verde will not be implementing any node validation that enforces new coinbase rules.” [source]
Jan 28th : “Update on Developer Funding” read.cash article from Bitcoin.com [source] in which they state “As it stands now, Bitcoin.com will not go through with supporting any plan unless there is more agreement in the ecosystem such that the risk of a chain split is negligible.” And that “any funding proposal must be temporary and reversible.” This announcement from bitcoin.com and their mining pool lead the anonymous opposition miners to stand down. [source]
Jan 28th : The 253rd "Thoughts on developer funding" Article – by Chris Pacia, to tackle the “serious misconceptions in the community about how software development works”. He ends on a note of support for the IFP because of lack of realistic alternatives. [source]
Feb 1st: “BCH miner donation plan update” IFPv2 announced by Jiang Zhuoer of BTC.TOP [source] Which changes the donation mechanism so miners directly send part of their coinbase to the projects they wants to donate to. It would be activated with hashrate voting over a 3-month period with a 2/3 in favour requirement. The proposal also introduces a pilot period and a no donation option, Jiang Zhuoer also says he regards 12.% as too much.
Feb 7th: Group of BCH miners led by AsicSeer voice scepticism about the IFP during a reddit AMA [source]
Feb 15th: “On the Miner Infrastructure Funding Plan” article by Bitcoin ABC [source] In which they announce they will implement IFPv3 in their upcoming 0.21.0 release. This version has amount reduced to 5% of block reward and will go in effect with BIP 9 hashratevoting and a whitelist with different projects.
Feb 15th : “Introducing Flipstarter” [source]
Feb 16th :” Bitcoin.com’s stance on the recent block reward diversion proposals” video by Roger Ver on the Bitcoin.com Official Channel. [source] > Ver called Zhuoer’s IFP “clever” but ultimately “problematic.” [coinspice article]
Feb 16th :” BCH miner donation plan update again” read.cash article by Jiang Zhuoer of BTC.TOP [source] In which he briefly outlines the details of IFPv3
Feb 17th : “Latest Thoughts On Infrastructure Mining Plan” post by Jonald Fyookball [source]
Feb 17th : “Regarding the Bitcoin Cash Infrastructure Funding Plan, I am certain now that it should be scrapped immediately.” tweet by Mark Lundeberg [source]
Feb 19th : “Thoughts on the IFP - A Dev Perspective“ read.cash article by Josh Ellithorpe [source]
Feb 20th : “Bitcoin Cash Node” post announcing the new node implementation [source]
Feb 20th : First “Bitcoin Cash Developer Meeting” After IFP Proposal [source]
Feb 24th : “Flipstarter 500k, 6 independent campaigns” post announcing the goal to “fund the BCH ecosystem with 6 independent campaigns and an overall 500,000 USD target” [source]
Feb 27th : BCHN Formally Released [source]
Feb 27th : “The BCH difficulty adjustment algorithm is broken. Here's how to fix it.” Video by Jonathan Toomim [source]
Mar 3th :” Bitcoin Cash Node 2020: plans for May upgrade and beyond” post by BCHN [source]
Mar 4th :”Author of the Bitcoin Cash IFP [Jiang Zhuoer] Vows to Vote Against It, Using Personal Hash in Opposition” [source]
Mar 5th :Bitcoin ABC announces their 2020 Business Plan Fundraising for later in march [source]
Mar 15th : “EatBCH campaign funded! Next: node campaigns.” campaign funded after 11 hours [source]
Mar 30th : Bitcoin ABC 2020 Business Plan [source] $3.3 Million Fundraiser [source]
Apr 17th : Five flipstarter node campaign launched. [source]
Apr 26th : BCHN flipstarter campaign successfully funded. [source]
Apr 27th : VERDE flipstarter campaign successfully funded. [source]
May 4th : KNUTH flipstarter campaign successfully funded. [source]
May 7th : “BCH DeFi Startup General Protocols Raises Over $1 mil“ [source]
May 8th : BCHD flipstarter campaign successfully funded. [source]
May 9th : Deadline for node campaigns, ABC flipstarter campaign not funded. [source]
May 14th : “With IFP Defeated, Bitcoin ABC, ViaBTC & CoinEX CEO Publicly Consider a Bitcoin Cash Foundation” [source]
May 15th : deadline for ABC fundraiser campaign, ends at 55% completed. [source]
May 15th : 6th HF network upgrade -> new opcode op_Reversebytes, increased of the chained transaction limit from 25 to 50, and the improved counting of signature operations using the new “Sigchecks” implementation [source] with the “Controversial Funding Plan Rejected by Miners” [source]
May 25th : “Announcing the SLP Foundation” [source]
Jun 15st : “BCHN lead maintainer report 2020-06-15” announcement to remove the Automatic Replay Protection (a.k.a. the Poison Pill) from BCHN in november [source]
Jun 16st : “So [BCHN] is going to fork off from BCH at the next upgrade. Same old story. […]” tweeted Vin Armani [source]
Jun 21st : “Why Automatic Replay Protection Exists” post by Shammah Chancellor [source]
Jul 7th : “The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network” [source]
Jul 8th : “BCH protocol upgrade proposal: Use ASERT as the new DAA” post by Jonathan Toomim [source]
Jul 18th : “$6M Worth of Tether on the Bitcoin Cash Chain Highlights the Benefits of SLP Tokens” [source]
Jul 23th : “Announcing the Grasberg DAA” post by Amaury Séchet[source]
Jul 24th : “Thoughts on Grasberg DAA” post by Mark Lundeberg [source]
Jul 29th : CashFusion security audit has been completed [source]
Jul 31st : Electron Cash 4.1.0 release with CashFusion support [source]
4th year, august 2020 – 2021
Aug 1st : “Bitcoin Cash: Scaling the Globe“ Online conference for ForkDay Celebration [source]
Aug 2nd : >“Is there going to be a fork between ABC and BCHN?” > “IMO it is very likely. If not in November, then next May.” – Amaury Séchet
Aug 3rd : “Dark secrets of the Grasberg DAA” post by Jonathan Toomim [source]
Aug 3rd : “Joint Statement On aserti3-2d Algorithm“ post by General Protocols, including Cryptophyl, Read.cash, Software Verde & SpinBCH [source]
Aug 3rd : Knuth announces they will be implementing aserti3-2d as DAA for november. [source]
Aug 3rd : Amaury rage quit from the developer call [source]
Aug 4th : “But why do people care about compensating for historical drift? Seems like a tiny problem and if it's causing this much social discord it seems not even worth bothering to try to fix.” Tweet by Vitalik [source]
Aug 5th : “Bitcoin Cash (BCH) November 2020 Upgrade statement” signed by BCHD, electron cash, VERDE, BU members, BCHN developers, Jonathan Toomim, Mark B. Lundeberg and many others [source]
Aug 5th : “BCHN FAQ on November 2020 Bitcoin Cash network upgrade” [source]
Aug 6th : “Bitcoin ABC’s plan for the November 2020 upgrade” [source] the announcement that they will drop Grasberg in favour of aserti3–2d (ASERT) and will also include FPv4 in which 8% of the blockreward goes to ABC as development funding.
Aug 7th : “Joint Statement from BCH Miners regarding Bitcoin ABC and the November 2020 BCH Upgrade.” Read.cash article by asicseer [source] stating “Over recent months, most miners and pools have switched to BCHN, and presently operate a majority of BCH hashrate.”
Aug 7th : “Simple Ledger Protocol's Joint Statement Regarding Bitcoin ABC on BCH's November 2020 Upgrade” read.cash post by the SLP-Foundation [source]
submitted by Mr-Zwets to btc [link] [comments]

What's your best Bitcoin Explainer video to show your older relatives

Many of my family and friends don't understand bitcoin or how/why mining works, what's your best 'bitcoin for noobs' videos or analogies?
submitted by squiffythewombat to BitcoinBeginners [link] [comments]

[TASK] $20/day - Supervise and occasionally harass a chronic procrastinator

Edit: Thanks everyone, I think I'm good... how do I close this thing...

This is edited copypasta of my request from a while ago. (Actually like, \5th time I've done this, see post history if curious).) The result of that was that it worked well for a while, so I am back for more.

Looking for someone who, ideally, spends all day at a computer, doing something easy / boring.

I do "computer stuff" for a living, and my job doesn't have much oversight, so I've been developing a lot of bad habits. It's totally out of control - I am at work (WFH these days) 10-12 hours a day and spend the whole time screwing around online, promising myself that I'll get started in five minutes. I'm very competent when working, but most weeks I spend literally <2hr on task. If you want to indulge in my self-loathing, look through my post history.
What I need is basically a babysittesupervisor over my shoulder (virtually). I'm in the EST/EDT time zone, work M-F, and have flextime: averaging a 09:00-17:00 job but many days being a couple hours long/short. That said, if you can squeeze 4 hours of no-BS work out of me in a day, that's a win. I need someone to keep an eye on my work and ask me if anything looks suspicious, or I'm AFK for a while, have a basic idea of what I'm working on. I'll be sending frequent updates (10-30 min apart) on how stuff is going, with screenshots a good percentage of the time to prevent me from bullshitting you. Basically, you stay on top of me like those annoying micromanaging bosses that everyone hates. Harassment is done over IM - I'm flexible on which one, but preferably one of these: Discord, gTalk/gChat/Hangouts, Signal, although I am willing to use SMS, or anything with a browser agent (Telegram, Skype, Watsapp, etc...).
Payment: $20/day - PayPal, bitcoins, dogecoins, check in the mail, I'll accommodate you. If you want help with learning or doing something related to programming, linux, spreadsheets, k8s/containerization, I'll throw that in for free*. Don't bother offering <$20 - in my experience it needs to be worth a chunk to both you and me so that you give a shit about the task, and I am slightly pained by the expenditure, but not so much that I want to lie and fake success early.
Preferences: The more miserable your life, and the more you want that $20/day, the better. I used to be the guy on the other side - too much screen time, need a tiny bit of money, don't want real job. Mention your circumstances in your $bid, e.g. "I am a NEET living in mom's basement, pretending to be taking edX courses while I'm actually watching anime, I have a 4 monitor rig so no problem keeping an eye on you!" or something like that.
Multiple offers: I always get a bajillion offers, so here's the deal. I'm only considering the first 5 $bids which have a 1-2 sentence summary of their situation. First by timestamp, so if you see 5 $bids, I am probably already editing the post to be closed. For the five people, I'll arrange them in random order, and do paid trial days (I will PM you with the date, it'll be the next 5 business days, maybe counting today). Once I get a competent match (about ½ - ⅓ of applicants in my experience, so even if you're 3rd consider your chances poor), I'll "hire" them cancel those still waiting, =\ sorry, can't afford 5 nannies.
Feel free to comment to ask for additional information. I'll close and update this post when I get 5 $bids.
\) On two occasions I've spent all night helping an acquaintance get their final project in CS101 from garbage code to mostly-working. One of my previous paid accountability supervisors traded a couple of free days to debug some problems with apache2 and, IIRC, a php script. But if you just need like, 45 min of help every now and then, we can bang it out, no need to sacrifice your money.
submitted by lazy-fuckhead to slavelabour [link] [comments]

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