Bitcoin Site
- Thread starter PowerMax
- Start date
djuqa
Top Contributor
Agree 100%
Why not make it a site about Mining Black Coal instead.
In my opinion more money to be made from Mining Coal than BTC's .
The whole Bitcoin economy depends 100% on the supply and DEMAND of the virtual bitcoins.
1/ Supply is by hacker's, unknown groups, Automated BOTS.
Jeez that sounds reliable and something to trust.
2/ Demand is high due to the HYPED nature of the concept.
Sounds like a Ponzi style SCAM.
payattention
Archived Member
As already mentioned, 1 bitcoin is known as 1 btc and not BC. I've never seen it mentioned as BC when in reference to mining whether cpu/gpu/asics. Furthermore, anyone with the inclination to mine is probably going to skip your website for either the wiki or bitcoin talk forum. Some people had some success selling prebuilt miners but demand for that is pretty much non-existent now.
As for Bitcoin itself - bitcoins are to money as the Internet is to information and it's going to change the world for the better. It goes one better than battling to rid ourselves of government by rendering them inept and unable to act as they don't know who the enemy is (and we're all designated targets).
djuqa, it's not a ponzi scheme at all. If you took 5 minutes away from Today Tonight, you'd understand that it's not just supplied by hackers (as if that were a bad thing?) or bot nets (which have been ineffective for a long time). Anyone can participate in generating coins and strengthening the network.
All the transactions are public and available for all to see in the blockchain, the who and what of it is unimportant, remaining anonymous is not a negative and that's just one small part of the appeal of Bitcoin (and you need to mine your own coins to truly have anonymous coins BTW).
If you think demand is high now, just wait until 2017 when the block reward halves yet again. It's likely it will be implemented in ways where the common person isn't aware Bitcoin is running as the backend in whatever transaction is taking place.
As for Bitcoin itself - bitcoins are to money as the Internet is to information and it's going to change the world for the better. It goes one better than battling to rid ourselves of government by rendering them inept and unable to act as they don't know who the enemy is (and we're all designated targets).
djuqa, it's not a ponzi scheme at all. If you took 5 minutes away from Today Tonight, you'd understand that it's not just supplied by hackers (as if that were a bad thing?) or bot nets (which have been ineffective for a long time). Anyone can participate in generating coins and strengthening the network.
All the transactions are public and available for all to see in the blockchain, the who and what of it is unimportant, remaining anonymous is not a negative and that's just one small part of the appeal of Bitcoin (and you need to mine your own coins to truly have anonymous coins BTW).
If you think demand is high now, just wait until 2017 when the block reward halves yet again. It's likely it will be implemented in ways where the common person isn't aware Bitcoin is running as the backend in whatever transaction is taking place.
petermeadit
Top Contributor
Hi PowerMax, I took a look at your site at minebc.com and is some constructive comments for you.
You have a one page website with a basic starters guide to bitcoin, that is better than nothing.
Google PR is -1 so that is not much good.
Majestic SEO has not indexed any backlinks for your site, so no value there.
Keyword exact matches are 260 and low competition, so better than nothing.
Alexa has your traffic pegged at 18,583,528 so that is better than nothing at all.
Anyone here on this forum will tell you the domain name alone is probably not worth much as it is.
Options as I see it are: 1. Continue to develop the domain, and do lots of SEO to build up traffic and convert into revenue, then sell it on Flippa. Or 2. Sell on Flippa now at with a reserve so you can capture costs so far and avoid lossing any more money.
Don't think many domainer's will care about this domain name, but there still may be a way of making your money back at least. I have seen all kinds of website sold, but you might need to know your exit strategy if you want a ROI.
Take a look at the new drop tool https://www.dntrade.com.au/drops.php it may give indications of what other factors are important to a good name.
HTH
...
You have a one page website with a basic starters guide to bitcoin, that is better than nothing.
Google PR is -1 so that is not much good.
Majestic SEO has not indexed any backlinks for your site, so no value there.
Keyword exact matches are 260 and low competition, so better than nothing.
Alexa has your traffic pegged at 18,583,528 so that is better than nothing at all.
Anyone here on this forum will tell you the domain name alone is probably not worth much as it is.
Options as I see it are: 1. Continue to develop the domain, and do lots of SEO to build up traffic and convert into revenue, then sell it on Flippa. Or 2. Sell on Flippa now at with a reserve so you can capture costs so far and avoid lossing any more money.
Don't think many domainer's will care about this domain name, but there still may be a way of making your money back at least. I have seen all kinds of website sold, but you might need to know your exit strategy if you want a ROI.
Take a look at the new drop tool https://www.dntrade.com.au/drops.php it may give indications of what other factors are important to a good name.
HTH
...
Bacon Farmer
Top Contributor
Bitcoins > no regulation, founded by anonymous shadowy figures and black box technology - what could go wrong?
payattention
Archived Member
Asking who created it is an obvious first question but at the end of the day it doesn't really matter who because the code is there for anyone to read.
Whether it be an individual, group or CIA/FBI/GOV as some conspiracists think, it really doesn't matter. Gravity is still gravity whether Newton discovered it or not. There is nothing black box about open source software either.
As for regulation, it's regulated mathematically which is a far cry better than being regulated by banks and the state who conjure the money out of thin air at 0% interest and then lend it to others at obscene interest rates.
Bitcoin is a great attempt to free everybody from a system that ensures all profits are privatised while any losses are socialised in the form of bailouts.. and bonuses to boot!
Getting back to Bitcoin and domain names - look at the types of services where Bitcoin would be a superior way of paying/receiving/transferring money. Things like bitcoin funded mobile phones for example are a great idea for the 3rd world, travel and local currency exchange is another.
If you can't think of services, create a Google alert for keywords like "bitcoin startup". There isn't much but it's very early days. No-one has missed the boat and even today is still an early day to get involved.
chris
Top Contributor
Very interesting topic.
Some more info on Bitcoin in video form:
https://www.khanacademy.org/science/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it
Some more info on Bitcoin in video form:
https://www.khanacademy.org/science/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it
Interesting given that it went for $10 on Netfleet about 5 weeks ago!!
I could be wrong - but I did notice the initial bid. The reason I remember is that I own bitcoins.net.au and was almost going to let it drop, saw the bid on bitcoin.net.au which prompted me to renew bitcoins.net.au.
Also my system said it finished on Netfleet for $10.
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James
Top Contributor
Here is the auction - https://www.netfleet.com.au/BitCoin.net.au
johno69
Top Contributor
My bet is it's $10 short of reserve too. Nothing fishy going on there now is there :rollseyes:
payattention
Archived Member
It's a shame Flippa tactics have found their way to NF.
petermeadit
Top Contributor
Scott7
Top Contributor
This is a very old thread, but a very noteworthy one. The quote above comes from a post made when you could buy a Bitcoin for 113 USD. While the halving took place in 2016 and not 2017, this archived member was spot on when it came to demand for Bitcoin in 2017. In hindsight, the username 'payattention' was apt, if not perfect.
Another interesting point from this thread is that Bitcoin outlasted 'Today Tonight' and the old saying, 'When it's on Today Tonight (A Current Affair etc) it's too late' is not always the case.
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