There was a documentary about gaming in South Korea.
In the end of it, it started to talk about digital money economy, starting from the one day famous gold farms of MMORPGs like WoW.
But something got my attention in the end of the documentary... it said about a digital transaction currency... Bitcoin.
A few weeks later I read a lot about it, registered on this forum, got a few bitcents (in the day each BTC was 12~15USD) trough faucets, and here I am.
Almost Legendary Member and that traded over 3 BTC, with 0$ investment.
Topic: How did you learn about Bitcoin? (Read 1561 times)
You mean faucets? They get ad revenue from the ads. It's not a lot but they don't pay out much either. Gambling sites have a house edge (typically 1%) so over a long period of time and across many bets, the site expects to turn a small profit.
Yeah, the revenue model behind faucets included. How does the owner of the faucet website establish the relationship with the companies advertising?
Also, what is the actual ad revenue vs. cost of users solving CAPTCHAs? I'm sure there is a range, but I'd be interested to know. I'd also like to know what % of CAPTCHAs actually click on an ad, and then what % of ad clickers would actually make a purchase.
The best thing is when I actually met up with a guy who also shares the same interest in bitcoin and I find that talking face to face with him also helps me to understand on a lot of thing rather than just reading alone.
Always amazing when that happens.
Anyways, very diverse range of events and experiences so far sparking the initial interest in Bitcoin
on TV
Well it's quite simple actually. First I saw the Bitcoin accepted here sign on a website, and I had no idea what that was nor did I bother.
A few months after I saw the same thing again, and then it hit me. I saw this somewhere before, it must mean something. Then obviously I searched the web and landed here. That's how it all started.
A few months after I saw the same thing again, and then it hit me. I saw this somewhere before, it must mean something. Then obviously I searched the web and landed here. That's how it all started.
im new in this btc but little bit know about btc, how to get it, until some of expert btc user guide me to this, but i didnt know how to start
i learn everything from internet and ittle bit of my friend
i learn everything from internet and ittle bit of my friend
I was doing my usual rounds on YouTube - Watching PewDiePie, =3, Ryan Higa and some episodes of Kids React. On one of my suggested videos, I found something about Tor.
It looked interesting so I obviously watched it. Along my list of suggested videos I found lot's of things about recent hacks, fed attacks and so forth. I saw a video about bitcoin and it said something about leaving your computer to run in order to make money(mining). After that, I heard about exchanges and used some of my PayPal balance. Now I just sit here and browse.
It looked interesting so I obviously watched it. Along my list of suggested videos I found lot's of things about recent hacks, fed attacks and so forth. I saw a video about bitcoin and it said something about leaving your computer to run in order to make money(mining). After that, I heard about exchanges and used some of my PayPal balance. Now I just sit here and browse.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
On overclock.net back in April 2011. This is also the reason the price went to $30 as Bitcoin was exposed to a very large audience of computer enthusiasts, your truly included.
I was trading s&p e minis and someone mentioned in the chatroom bitcoin and how its going to be big so i looked up its price, it was $10.42 at that time, but bought my first bitcoin at $90.
last november(2014) i saw "bicoins accepted" <- this at some PTC website and i inspired to know bitcoins 
and googled, visited a lot websites, invested, gained a lot of BTC and now finally addicted.. 
and googled, visited a lot websites, invested, gained a lot of BTC and now finally addicted..
i saw it on tv and got interested. that day bitcoin reached $1000 but i didn't buy and left it for what it was.
after another news episode about the price that went down i installed the client and earned my first coins through faucets.
that's how it started for me.
after another news episode about the price that went down i installed the client and earned my first coins through faucets.
that's how it started for me.
I just started with bitcoin yesterday , a friend of mine informed me about bitcoin but i have a lot yet to learn .
I remember when I first started I actually read through everything on the bitcoin wiki page at en.bitcoin.it
I think the information there are the most comprehensive thus far and should appeal more for the non-geeks like myself. The best thing is when I actually met up with a guy who also shares the same interest in bitcoin and I find that talking face to face with him also helps me to understand on a lot of thing rather than just reading alone.
I think the information there are the most comprehensive thus far and should appeal more for the non-geeks like myself. The best thing is when I actually met up with a guy who also shares the same interest in bitcoin and I find that talking face to face with him also helps me to understand on a lot of thing rather than just reading alone.
What prompted your interest in Bitcoin?
another forum brought me to bitcoin here, actually i did know about bitcoin before, but i thought it was a joke or something lol, and i remember i didn't download the client, because i was afraid that the program could be a virus or something
What resources did you use for educating yourself?
mostly internet(more like 100%)
What are the most interesting things you learned?
how the whole encryption work, really interesting stuff, i like cryptic things
What are you looking forward to learning?
other stuff related to encryption maybe or new protocol/tech about the cryptoworld in general
another forum brought me to bitcoin here, actually i did know about bitcoin before, but i thought it was a joke or something lol, and i remember i didn't download the client, because i was afraid that the program could be a virus or something
What resources did you use for educating yourself?
mostly internet(more like 100%)
What are the most interesting things you learned?
how the whole encryption work, really interesting stuff, i like cryptic things
What are you looking forward to learning?
other stuff related to encryption maybe or new protocol/tech about the cryptoworld in general
Bitcoin finally helped me achieve my dream of not using fiat currency.
The bitcoin community is my family(Although I'm still a newbie).
The bitcoin community is my family(Although I'm still a newbie).
I found out about the idea in mid-2011 from a forum I used to visit which has since closed down. I was quite interested in the whole thing but the fact that prices jumped up from several dollars to $33 and then crashed to 1/10th the price in such a short period of time kind of put me off the concept since I thought that it was a failure at the time. WIRED magazine publishing an article titled "The Rise and Fall of Bitcoin" at around the same time certainly didn't help things. I did attempt mining with my laptop on a JavaScript (?) based miner and browsed these forums as well as a site called Weusecoins.com (although back then it was on a .org domain) but it wasn't until late 2013 after the November bubble that I seriously became interested.
Definitely.
You mean faucets? They get ad revenue from the ads. It's not a lot but they don't pay out much either. Gambling sites have a house edge (typically 1%) so over a long period of time and across many bets, the site expects to turn a small profit.
It's cool to be able to access your money without having to go through a financial institution.
Definitely.
Quote
I'd like to get a better understanding of mining, and potential ways of generating Bitcoin. I'd even like to understand the revenue model of these CAPTCHA and gambling sites.
You mean faucets? They get ad revenue from the ads. It's not a lot but they don't pay out much either. Gambling sites have a house edge (typically 1%) so over a long period of time and across many bets, the site expects to turn a small profit.
There are a lot of resource and real life app for you to learn and practice here https://bitcoin.org/en/resources.
Thanks for the link - charts are awesome for understanding the historical movement sliced and diced in so many ways
Someone told me about silk road which I could believe was real. I started investigating bitcoin's then and got a bit hooked bought some erupters and started to dabble in alts and bitcoin's, eventually I ended up working for some.
bought some erupters and started to dabble in alts and bitcoin's, eventually I ended up working for some.Yeah haha, I forgot to mention Silk Road. A friend bought some Bitcoin to make purchases and saw quite a bit of appreciation, however used it all up before the price exploded.
Someone told me about silk road which I could believe was real. I started investigating bitcoin's then and got a bit hooked bought some erupters and started to dabble in alts and bitcoin's, eventually I ended up working for some.
bought some erupters and started to dabble in alts and bitcoin's, eventually I ended up working for some. I've compiled a few useful high-level links here: www.sellingbitcoin.net
Best way to learn about Bitcoin is to research the science and use the technology. The more you use it, the more you understand it in practicum and potential.
Best way to learn about Bitcoin is to research the science and use the technology. The more you use it, the more you understand it in practicum and potential.
Great advice. I've started using the technology, but need to do more research on the science behind it.
BTW, given your name, do you ride?
There are a lot of resource and real life app for you to learn and practice here https://bitcoin.org/en/resources.
I've compiled a few useful high-level links here: www.sellingbitcoin.net
Best way to learn about Bitcoin is to research the science and use the technology. The more you use it, the more you understand it in practicum and potential.
Best way to learn about Bitcoin is to research the science and use the technology. The more you use it, the more you understand it in practicum and potential.
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