Especially when people are willing to solve captcha's for a few micro coins at various earn free coins sites. Yup, fools working for less than minimum wage so the bots have a library of solved captchas.
Minimum wages aren't the same everywhere, and not everyone can land a minimum wage job. (Economics 101: Minimum wages create a price floor, which leads to unemployment. Essentially, it's still better for a human to "waste time" making very little money solving capchas, than doing nothing at all.)
The logic question "capcha" seems like a good idea to me.
HOW TO ENTER: Play Satoshi Buckets. Each round you play in gives you a chance to win.
HOW IT WORKS: Every day, one backer wins ฿0.1 randomly!
CAVEAT: This giveaway will be administered manually, so please be patient with the payouts!
The address performing the giveaway is 1Ftr7B5U4DVsCh1q2mh3XLmH25XeeU7P9F, for the record.
This is awesome!
Post
Topic
BoardBeginners & Help
Re: Satoshi Buckets - A new kind of Bitcoin game! HOUSE CUT ONLY 0.5% until June 9.
by
fmota
on 03/06/2013, 21:42:46 UTC
C'mon folks, let's rally the buckets! :-)
Post
Topic
BoardBeginners & Help
Re: Bitcoin Give-A-Way!
by
fmota
on 03/06/2013, 17:01:36 UTC
You can indeed set a 0 BTC tx fee. It'll take longer to confirm, but it'll work. You can also send to multiple addresses with a single transaction.
My address is 1BBgpp84BxXGZ97ZATre1HLqqakjJ81WVh.
Post
Topic
BoardBeginners & Help
Re: What if nobody confirms my transaction?
by
fmota
on 03/06/2013, 16:50:38 UTC
Hi mrneumann5000. Don't worry! Your transaction will go through! A fee of 0.001 is typically enough to be confirmed in 15 minutes or so. Note that even transactions without fees become confirmed eventually -- though it takes a lot longer. So just relax!
once everyone has one yes... unless the exchange rate goes higher
I think the exchange rate will keep getting higher as the difficulty increases.
My reasoning: As the difficulty increases, so too does the security of the Bitcoin network. It also increases the value of one Bitcoin relative to one gigahash. Now, looking at it this way, some amount of money will give you some amount of computational power. The value of a gigahash in Bitcoin will change as the difficulty increases, but the value of a gigahash in US dollars or in Euros is much less malleable. Eventually, the value of BTC will go up relative to USD or EUR, for this very reason.
So, a 25 ghash/s ASIC will net you decreasing amounts of BTC over time, but it will probably give you the value of 25 ghash/s in EUR or USD, which isn't a trivial amount and decreases much more slowly.
So: The bad news is that your 25 ghash/s will give you less BTC than you are expecting. The good news is that those BTC will be worth more in EUR or USD than you are expecting.
I've been lurking for a while, but decided to finally register.
Post
Topic
BoardBeginners & Help
Re: It's stupid that newbies must make 5 posts and browse for 4 hours. Here's why
by
fmota
on 03/06/2013, 12:30:26 UTC
It's not stupid. It's there to reduce spam on the other boards, I think.
Post
Topic
BoardBeginners & Help
Re: How old are you and what brought you into Bitcoin?
by
fmota
on 03/06/2013, 12:25:11 UTC
I'm 22. I'm a programmer, and Bitcoin is an interesting technology. I like that it allows you to ignore the overly complicated world of Visa/Paypal/etc if you happen to be programming something.
Post
Topic
BoardBeginners & Help
Re: Satoshi Buckets - A new kind of Bitcoin game! HOUSE CUT ONLY 0.5% until June 9.
by
fmota
on 03/06/2013, 12:21:58 UTC
This game is fun! I've been playing for the last 2 days, and I've won over 40 mBTC.