Topic: My answer to: "What is the best way make money with Bitcoin?" (Read 1304 times)

this would result in creating a very nice book, but the topic of the thread is not compatible with the idea!
because I don't think that you can make money this way, let alone get back your initial investment of $1000-1500
this book is going to cover such technical stuff that not many people are going to be interested in so as a result, very few of bitcoin users are going to buy it hence no return of investment.

Well, alot of people have no idea what bitcoin is, I know alot of people who are educating the less informed are making some money. And this might be better as it could really spur some eco-systems through the connections and network you form through running the education seminars.

I don't understand how that would make money ?  Are you just saying that eventually the  book will sell enough copies that you will earn some decent money in the long run?  I even doubt that you would break even at $1500 dollars.

lol .... do you know how much does a experienced C++ programer earn per month ?
1500usd is not worth doing this   

Looks not bad in general but you have to invest large inv (1500) and also it seems complicated a while and need hardwork and real patience.

ehh sounds ok but the initial money required throws me off. too much work for earning a bit of money.

best way to make money with bitcoin..

do whatever job people use FIAT with.
eg sell grocery's, utilities, gadgets, fashion, toiletries, car fuel, car parts, cars, houses, .. basically everything and anything you can think of

What kind of website do you lurk that shows a bunch of neckbearded dorks shaking their asses and jerking other neckbeards... "egos"? I certainly haven't seen that in the services section and sure as hell don't want too...

Hmm, that seems to be a very decent idea, but what if the experienced C++ dev realized all of this and just made the book himself? Kinda tricky method, but still plausible all in all.

it is amazing but very complicated to understand for a newbie like me
the way I did to generate bitcoin just follow sig camp and trading, only that

1. Shake your booty online for Bitcoin, providing "POV" (point of view) services, and stroking your clients', err... egos.

2. Selling herbal products online for Bitcoin.

3. Providing attorneys' services to those in categories 1 & 2.

All 3 are proven ways to make bitcoin.

So what guarantees people is going to buy it? To get your investment back you need to sell.. how many books to reach that initial 1500 dollar investment? I think quite a lot of books need to be sold. Also you are competing against guys like Andreas Antonopoulos which are big names in the game, he even has a book named Mastering Bitcoin... to make profits you need a public and some no name book has no big public.

You're answering the thread title and have not read anything that was contained in the first post. Please stop with this 'bad' behavior.

Yes and no. Someone who has experience doing this could pull this off. I'm not sure how much one could profit from this. There is no guarantee that a lot of people would buy this book. C++ books and Bitcoin books have a small market, you can not sell it a lot of people. When you combine those two then it shrinks into a even smaller amount of people. A lot of factors are at stake here besides this. Who can guarantee that the book would be good, simple, etc.? (yes I have red the stuff about a bonus)
However, I do not think that you could 'master' both C++ and the Bitcoin Source Code without having a very large book.

I think the best way to increase the income of bitcoin
business and the dollar is the trading. Because it does
not know the word fraud, unless the harm caused by our
own mistakes in analyzing the market

It is not a bad idea at all, but sounds too complicated, requires quite a lot of hardwork, a somewhat high investment (the 1500) and you do not see profits until some time passes by.

That is, is good but requires quite a lot of faith (as you do not see the effects inmediately). This would put off many people, who would prefer trading (for example) in which they see effects inmediately.

Someone asked it on Stack Exchange:
http://bitcoin.stackexchange.com/questions/40738/what-is-the-best-way-make-money-with-bitcoin

Here is my answer:

Hire an experienced C++ developer from Asia/India on a freelancer marketplace and give him 30 days to write you a 150+ pages book with the title "Mastering C++ and the original Bitcoin Source Code".
Tell them that you will pay him $1000.
Tell him also that, on top of that, you will pay him an extra:
$100 - if most people would give it just one star for the contents provided
$200 - if people would give 2 stars
...
$500 if people would give it five stars.
So, he could win a total maximum of $1500 ($1000+$500).

But reassure him, that if he is honest and hard working and provides a decent thing you will certainly pay him the correspondent to 3-4 stars ($1300-$1400).
If it is outsanding, superb or simply really good, that you pay him $1500.

Tell him that you just want a raw Word document with text and possibly some images/graphs he wants to add, that he makes himself, but for him not to spend much of his time with the book layout/pagination. He doesn't need to use QuarkXPress or Adobe InDesign, just a plain Word document [with text with **1.5 line spacing** and all C++ code syntax highlighted and line numbered] is required.

Then spend sometime youself to make it into a Kindle book. Just learn to make a kindle book out of such a Word document.

You invest some $1000-$1500.
And with a bit of work that you do yourself you get to publish that book on Amazon with your own name. If you want to you may give credit, inside the book, to the developer you hired, or dedicate the book to him, or something, that's up to you.

Just tell the C++ developer you hire: I want a book of +150 that explains the bitcoin source code that Satoshi Nakamoto created in the original client. Ask him to focus on the first versions of the code. Ask him to make the exposition of the code elegant and interesting, and teaching C++ at the same time, so that even if the reader is new to C++ programming he is still able to get some appreciation of it all from an outsider perspective. Tell him also: this is a book for people to learn about C++ and be able to understand much more of the bitcoin source code. Focus on the main parts of the code!

Make sure you get to grips with the bitcoin technology and also introduce a bit of history of money, from bartering to Gold coins of a Kingdom and paper currency and fractional reserve banking system.
Make sure he watches and understands:
**United Colors of Bitcoin - youtube video:**
https://www.youtube.com/watch?v=p6sOFXHlhuE
and
**How Bitcoin Works Under the Hood - youtube video**
https://www.youtube.com/watch?v=Lx9zgZCMqXE
and
**c++ in 60 minutes - youtube video**
https://www.youtube.com/watch?v=Rub-JsjMhWY



Have a look at this post from "remotemass":
**https://bitcointalk.org/index.php?topic=151272.0**
#################################################
Will we have the book 'Bitcoin for Dummies' soon?


I was thinking along similar lines. If nobody's written it, who's willing to get this baby off the ground?

remotemass:
Things I would like it covering:

1) A good introduction to money and the implications of bitcoin for Economy, namely for a Anarcho-capitalism model of society.
2) A good introduction for assymetric encryption
3) Elliptic curves and Elliptic curves cryptography background, the role of ECDSA in bitcoin (Key-pair generation, Signature Generation, and Signature Verification)
4) Crytography concepts: hashing, National Security Agency, etc.
5) Satoshi paper in very digestible bytes
6) More computer power meaning more irrevocability secure network. The scarcity and rarity being given by the hard coded timely/scheduled fashion of bitcoins entering circulation in the system and not by the electricity and computer resources used.
7) Making it clear that coins only exist as balances associated with a bitcoin address and that what you actually keep are the private keys.
Explaining that a private key is like a password that enables you to spend from a bitcoin address, that is made of 256 bits, that is, 256 zeros and ones, but is usually expressed in more condensed formats using hexadecimal numbering.
9) Explaining that private keys and public keys form a pair like a key and a locker and that the bitcoin address is very much the counter-part of the private key, that it follows directly from the public key. But their mathematical properties are very particular because it is possible to calculate in some fractions of a second the bitcoin address, in a pair, from its private key. But the reverse would take countless millions, if not billions of years as it would have to be done by trial and error, even if quantum computers were used.

10) Going through a simple version of Satoshi client code, ultra well commented, with UML diagrams and all software architecture behind it, all very well explained and documented. A kind of "Satoshi's Original Bitcoin Client - An Operational View" on steroids!!!

11) Commons myths, FAQ,
http://blog.zorinaq.com/?e=66
http://coinlab.com/pdfs/a-bitcoin-primer.pdf
http://blog.oleganza.com/post/32725987418/bitcoin-non-technical-faq

An inpiration, and 99% transpiration...
Much much more. Making us all code and technical savvys!!


###
Also have a look at other important bitcoin books/titles:
Mastering Bitcoin, by Andreas M. Antonopoulos
and
Bitcoin Internals, by Chris Clark
and
Digital Gold, by Nathaniel Popper

>>>>>>>>>>>
JUST DO IT!
You can make good money if you commit to do this!!!