Just thought I share this tip with my fellow Steemers on how to make
some quick and easy Bitcoin which you can receive on a weekly or daily
basis. Depending on how often you decide to use this technique. This tip
does however require you to open a free account with BetMoose.
When opening an account with BetMoose, they let you Host A Bet on their
platform for free. When hosting a bet you can make some easy Bitcoin
for simply doing something that takes you about 2-5 minutes to create.
The hardest part is getting creative and knowing what to host a bet on.
Many host bets on Politics and Sports, but BetMoose does allow you to
host bets on just about anything you can think of, from movies, current
events to Cryptocurrency trends. Your free to host as many bets as you
wish. For every successful bet you host you'll Earn a percentage of the
fees.
Here are BetMoose's current winning percentages for those hosting their own bet:
Level 0 (0.5%) - - everyone begins here
Level 1 (0.6%) - - 1 successfully resolved bet
Level 2 (0.7%) - - 2 or more resolved with cumulative volume of 10 or more
Level 3 (0.8%) - - 3+ resolved and cumulative 30+
Level 4 (0.9%) - - 4+ resolved, cumulative 50+
Level 5 (1.0%) - - 5+ resolved, cumulative 100+
If you try to host at least ONE Bet per week you're looking at a
great amount of Bitcoin coming in on a weekly basis! The more bets you
create the more you can start making! Hosting your bet is 100% Free to
do so TAKE ADVANTAGE OF THIS FREE SERVICE!
The following sites earn you free bitcoins by clicking on ads and viewing Crypto
related websites. You simply just leave you browser tabs open and you
earn bitcoin as easy as that! The more of these sites you sign up for
and tabs you have open on a different browser (which you are not
browsing), the more you earn. Another thing I highly recommend
is advertising your referral links on these sites. This way you can gain
a lot of referrals earning bitcoin quickly. However, please keep
in mind it’s really up to you whether you want to spend bitcoin on
advertising. You can always try advertising on these sites later down
the road when you have a little more than 1 BTC in your wallet. In the
meantime, let’s take advantage of their high free bitcoin payouts!
Bitcoin is a form of digital currency, created and held
electronically. No one controls it. Bitcoins aren’t printed, like
dollars or euros – they’re produced by people, and increasingly
businesses, running computers all around the world, using software that
solves mathematical problems.
It’s the first example of a growing category of money known as cryptocurrency.
What makes it different from normal currencies?
Bitcoin can be used to buy things electronically. In that sense, it’s
like conventional dollars, euros, or yen, which are also traded
digitally.
However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized.
No single institution controls the bitcoin network. This puts some
people at ease, because it means that a large bank can’t control their
money.
Who prints it?
No one. This currency isn’t physically printed in the shadows by a
central bank, unaccountable to the population, and making its own rules.
Those banks can simply produce more money to cover the national debt,
thus devaluing their currency.
What is bitcoin based on?
Conventional currency has been based on gold or silver.
Theoretically, you knew that if you handed over a dollar at the bank,
you could get some gold back (although this didn’t actually work in
practice). But bitcoin isn’t based on gold; it’s based on mathematics.
Around the world, people are using software programs that follow a
mathematical formula to produce bitcoins. The mathematical formula is
freely available, so that anyone can check it.
The software is also open source, meaning that anyone can look at it to make sure that it does what it is supposed to.
What are its characteristics?
Bitcoin has several important features that set it apart from government-backed currencies.
1. It's decentralized
The bitcoin network isn’t controlled by one central authority. Every
machine that mines bitcoin and processes transactions makes up a part of
the network, and the machines work together. That means that, in
theory, one central authority can’t tinker with monetary policy and
cause a meltdown – or simply decide to take people’s bitcoins away from
them, as the Central European Bank decided to do in Cyprus in early 2013. And if some part of the network goes offline for some reason, the money keeps on flowing.
2. It's easy to set up
Conventional banks make you jump through hoops simply to open a bank
account. Setting up merchant accounts for payment is another Kafkaesque
task, beset by bureaucracy. However, you can set up a bitcoin address in
seconds, no questions asked, and with no fees payable.
3. It's anonymous
Well, kind of. Users can hold multiple bitcoin addresses, and they
aren’t linked to names, addresses, or other personally identifying
information. However…
4. It's completely transparent
…bitcoin stores details of every single transaction that ever
happened in the network in a huge version of a general ledger, called
the blockchain. The blockchain tells all.
If you have a publicly used bitcoin address, anyone can tell how many
bitcoins are stored at that address. They just don’t know that it’s
yours.
There are measures that people can take to make their activities more
opaque on the bitcoin network, though, such as not using the same
bitcoin addresses consistently, and not transferring lots of bitcoin to a
single address.
5. Transaction fees are miniscule
Your bank may charge you a £10 fee for international transfers. Bitcoin doesn’t.
6. It’s fast
You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment.
7. It’s non-repudiable
When your bitcoins are sent, there’s no getting them back, unless the recipient returns them to you. They’re gone forever.
So, bitcoin has a lot going for it, in theory. But how does it work, in practice? Read more to find out how bitcoins are mined, what happens when a bitcoin transaction occurs, and how the network keeps track of everything.
