Thanks for the enlightenment.

http://www.makeuseof.com/tag/8-legal-uses-for-bittorrent-youd-be-surprised/

Seems that good people are out there too. 

I guess so. But isn't it a crime to get paid on torrents. I mean the governments are ignoring the seeders on the piracy issue because they are not monetarily benefited. If they are benefited, Each seeder is committing a crime of piracy for personal gains. And more will be encouraged to do so.

Hi all,

I recently came across an article that the bittorent founder trying his hands on crytocurrency and soon going to launch a rival crypto currency. I understand that it is going to be yet another altcoin.

But does he going to link the coin with bittorrent and the likes. I mean it is a good idea to credit the seeders to promote seeding. Is it legal. Or he just planning to create an altcoin like every other coin changing the dynamics and hashing algorithm.

I couldn't find much info on his launch except the hype from the online news channels. Does anybody have more info on this.

How about posting some gigs for your own project on the site so that we can try some work or two. I believe that would be a kickstarter.

You don't get the point. There is no problem to spend the coins to support their development. But spending coins all the way out doesn't seems like they are interested in that project at all. Steem literally fell to pennies from 4$. If they really value their project. They wouldn't dump the coins if the market fell below a dollar. And it is definitely not better.

If they wanted to support themselves, they could have reduced the liquidity and made the same amount they required.

1000 Steem @ 4$ = 100000 STEEM @ 0.04$ both are same. And strangely they chosen the second option. Because the second would not help anybody else and the first would have helped others to spend.

Hi,

Pardon me for the confusion.

What i meant cheaper is

If bitcoin is cheaper comparatively to gold, then invest in bitcoin.

If Gold is cheaper comparatively to bitcoin, then proceed with gold.

If you stick to the ratio of availability, you can easily predict the reasonable demand and weed out the noises of hype or manipulations in an asset. That way you can set yourself the entry point and exit point based on your risk appetite.

Eventhough 99% odds are with you, that doesn't mean you will win for sure.

Gold & Silver ;; Bitcoin & Ethereum are better pairs. I wont go outside of them. Still choosing an asset for investment out of the four is pretty much subjective based on the risk appetite. Profit & Risks go hand by hand.

Choose your risk and choose your profit.

Checkout out the latest transaction in the following urls.

@steemit transferred 1000000.000 STEEM to steemit2
https://steemit.com/@steemit/transfers#

@steemit2 transferred 187500.000 STEEM POWER to a3ba72b2983
https://steemit.com/@steemit2/transfers#

@a3ba72b2983 haven't made any posts yet
https://steemit.com/@a3ba72b2983/transfers#

And you can easily track the regular bulk stream transfers to exchanges from steemit, steemit2, etc

Pls help yourself.

Nobody is questioning the idea. The founders are at question here. If everybody had to invest in steem. why the founders are sending steems to exchanges.

And you guys are protecting the founders using the idea as shield.

We need to understand a thing. Precious metals as well as cryptocurrencies have their own advantages.

If you want a long term conservative investment, then precious metals are at your disposal.

If you want to ride the price movements and to be protective at the same moment.

Then Hedge.

Total availability of gold : Total availability of bitcoins

Find out the ratio and form a discipline. Invest in either when cheaper and also set a stop loss.

You are good to go. Don't be more greedy. Always get out of expensive assets as soon as they reach the reasonable highs and move your money to cheaper ones.

You know what?

Better strategy is to reverse the keynesian dynamics of the FED.

When the Fed is reducing interest rates, Stock Market is expensive, unemployment is decreasing, Debt is low - SAVE
When the Fed is increasing the interest rates, Stock Market is cheap, unemployment is increasing, Debt is high - INVEST

You can draw a scale and work out a strategy based on percentile of both.

Start a local bitcoin exchange for cash with certain amount of commission. You will learn the dynamics on the go. Then you can leverage that knowledge to find out what works best with the properties of bitcoin.

In my opinion treat bitcoin as asset than currency. Hence selling and buying bitcoin itself is a business.

The founders still pouring steem to the exchanges and using different accounts to hide big transfers. These accounts don't even have a single blog post.

People are still promoting it as a holy grail or something.

I believe those people don't want to see the reality is because they think the concept is somewhat better than paid to click web sites. And they don't want it to be taken away from them.

Guess what?

That's exactly gonna happen with a hard slap in the face.