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Bitcoin from Freebitcoin BROWSER MINING - Full Free and Full Legit

2017-12-22T14:15:00.001+07:00

Bitcoin Knowledge; Frequently Asked Questions Bitcoin

2017-12-19T22:36:00.001+07:00

What is Bitcoin?
Bitcoin is an innovative payment network and a new kind of money.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

How does Bitcoin work?

From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.
Behind the scenes, the Bitcoin network is sharing a public ledger called the "block chain". This ledger contains every transaction ever processed, allowing a user’s computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitcoins from their own Bitcoin addresses. In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in bitcoins for this service. This is often called "mining". To learn more about Bitcoin, you can consult the dedicated page and the original paper.

Who created Bitcoin?

Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.
Satoshi’s anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Just like current developers, Satoshi’s influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin’s inventor is probably as relevant today as the identity of the person who invented paper.

Who controls the Bitcoin network?

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can’t force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

Is Bitcoin really used by people?

Yes. There is a growing number of businesses and individuals using Bitcoin. This includes brick and mortar businesses like restaurants, apartments, law firms, and popular online services such as Namecheap, WordPress, and Reddit. While Bitcoin remains a relatively new phenomenon, it is growing fast. At the end of August 2013, the value of all bitcoins in circulation exceeded US$ 1.5 billion with millions of dollars worth of bitcoins exchanged daily.

How does one acquire bitcoins?

As payment for goods or services.
Purchase bitcoins at a Bitcoin exchange.
Exchange bitcoins with someone near you.
Earn bitcoins through competitive mining.

While it may be possible to find individuals who wish to sell bitcoins in exchange for a credit card or PayPal payment, most exchanges do not allow funding via these payment methods. This is due to cases where someone buys bitcoins with PayPal, and then reverses their half of the transaction. This is commonly referred to as a chargeback.

How difficult is it to make a Bitcoin payment?

Bitcoin payments are easier to make than debit or credit card purchases, and can be received without a merchant account. Payments are made from a wallet application, either on your computer or smartphone, by entering the recipient’s address, the payment amount, and pressing send. To make it easier to enter a recipient’s address, many wallets can obtain the address by scanning a QR code or touching two phones together with NFC technology.

What are the advantages of Bitcoin?

Payment freedom - It is possible to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. Bitcoin allows its users to be in full control of their money.
Very low fees - Bitcoin payments are currently processed with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing, which results in faster confirmation of transactions by the network. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants’ bank accounts daily. As these services are based on Bitcoin, they can be offered for much lower fees than with PayPal or credit card networks.
Fewer risks for merchants - Bitcoin transactions are secure, irreversible, and do not contain customers™ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance. Merchants can easily expand to new markets where either credit cards are not available or fraud rates are unacceptably high. The net results are lower fees, larger markets, and fewer administrative costs.
Security and control - Bitcoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Bitcoin payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Bitcoin users can also protect their money with backup and encryption.
Transparent and neutral - All information concerning the Bitcoin money supply itself is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can control or manipulate the Bitcoin protocol because it is cryptographically secure. This allows the core of Bitcoin to be trusted for being completely neutral, transparent and predictable.

What are the disadvantages of Bitcoin?

Degree of acceptance - Many people are still unaware of Bitcoin. Every day, more businesses accept bitcoins because they want the advantages of doing so, but the list remains small and still needs to grow in order to benefit from network effects.
Volatility - The total value of bitcoins in circulation and the number of businesses using Bitcoin are still very small compared to what they could be. Therefore, relatively small events, trades, or business activities can significantly affect the price. In theory, this volatility will decrease as Bitcoin markets and the technology matures. Never before has the world seen a start-up currency, so it is truly difficult (and exciting) to imagine how it will play out.
Ongoing development - Bitcoin software is still in beta with many incomplete features in active development. New tools, features, and services are being developed to make Bitcoin more secure and accessible to the masses. Some of these are still not ready for everyone. Most Bitcoin businesses are new and still offer no insurance. In general, Bitcoin is still in the process of maturing.

Why do people trust Bitcoin?

Much of the trust in Bitcoin comes from the fact that it requires no trust at all. Bitcoin is fully open-source and decentralized. This means that anyone has access to the entire source code at any time. Any developer in the world can therefore verify exactly how Bitcoin works. All transactions and bitcoins issued into existence can be transparently consulted in real-time by anyone. All payments can be made without reliance on a third party and the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking. No organization or individual can control Bitcoin, and the network remains secure even if not all of its users can be trusted.

Can I make money with Bitcoin?

You should never expect to get rich with Bitcoin or any emerging technology. It is always important to be wary of anything that sounds too good to be true or disobeys basic economic rules.
Bitcoin is a growing space of innovation and there are business opportunities that also include risks. There is no guarantee that Bitcoin will continue to grow even though it has developed at a very fast rate so far. Investing time and resources on anything related to Bitcoin requires entrepreneurship. There are various ways to make money with Bitcoin such as mining, speculation or running new businesses. All of these methods are competitive and there is no guarantee of profit. It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.

Is Bitcoin fully virtual and immaterial?

Bitcoin is as virtual as the credit cards and online banking networks people use everyday. Bitcoin can be used to pay online and in physical stores just like any other form of money. Bitcoins can also be exchanged in physical form such as the Casascius coins, but paying with a mobile phone usually remains more convenient. Bitcoin balances are stored in a large distributed network, and they cannot be fraudulently altered by anybody. In other words, Bitcoin users have exclusive control over their funds and bitcoins cannot vanish just because they are virtual.

Is Bitcoin anonymous?

Bitcoin is designed to allow its users to send and receive payments with an acceptable level of privacy as well as any other form of money. However, Bitcoin is not anonymous and cannot offer the same level of privacy as cash. The use of Bitcoin leaves extensive public records. Various mechanisms exist to protect users’ privacy, and more are in development. However, there is still work to be done before these features are used correctly by most Bitcoin users.
Some concerns have been raised that private transactions could be used for illegal purposes with Bitcoin. However, it is worth noting that Bitcoin will undoubtedly be subjected to similar regulations that are already in place inside existing financial systems. Bitcoin cannot be more anonymous than cash and it is not likely to prevent criminal investigations from being conducted. Additionally, Bitcoin is also designed to prevent a large range of financial crimes.

What happens when bitcoins are lost?

When a user loses his wallet, it has the effect of removing money out of circulation. Lost bitcoins still remain in the block chain just like any other bitcoins. However, lost bitcoins remain dormant forever because there is no way for anybody to find the private key(s) that would allow them to be spent again. Because of the law of supply and demand, when fewer bitcoins are available, the ones that are left will be in higher demand and increase in value to compensate.

Can Bitcoin scale to become a major payment network?

The Bitcoin network can already process a much higher number of transactions per second than it does today. It is, however, not entirely ready to scale to the level of major credit card networks. Work is underway to lift current limitations, and future requirements are well known. Since inception, every aspect of the Bitcoin network has been in a continuous process of maturation, optimization, and specialization, and it should be expected to remain that way for some years to come. As traffic grows, more Bitcoin users may use lightweight clients, and full network nodes may become a more specialized service. For more details, see the Scalability page on the Wiki.

Is Bitcoin legal?

To the best of our knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.
Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system. For example, the Financial Crimes Enforcement Network (FinCEN), a bureau in the United States Treasury Department, issued non-binding guidance on how it characterizes certain activities involving virtual currencies.

Is Bitcoin useful for illegal activities?

Bitcoin is money, and money has always been used both for legal and illegal purposes. Cash, credit cards and current banking systems widely surpass Bitcoin in terms of their use to finance crime. Bitcoin can bring significant innovation in payment systems and the benefits of such innovation are often considered to be far beyond their potential drawbacks.
Bitcoin is designed to be a huge step forward in making money more secure and could also act as a significant protection against many forms of financial crime. For instance, bitcoins are completely impossible to counterfeit. Users are in full control of their payments and cannot receive unapproved charges such as with credit card fraud. Bitcoin transactions are irreversible and immune to fraudulent chargebacks. Bitcoin allows money to be secured against theft and loss using very strong and useful mechanisms such as backups, encryption, and multiple signatures.
Some concerns have been raised that Bitcoin could be more attractive to criminals because it can be used to make private and irreversible payments. However, these features already exist with cash and wire transfer, which are widely used and well-established. The use of Bitcoin will undoubtedly be subjected to similar regulations that are already in place inside existing financial systems, and Bitcoin is not likely to prevent criminal investigations from being conducted. In general, it is common for important breakthroughs to be perceived as being controversial before their benefits are well understood. The Internet is a good example among many others to illustrate this.

Can Bitcoin be regulated?

The Bitcoin protocol itself cannot be modified without the cooperation of nearly all its users, who choose what software they use. Attempting to assign special rights to a local authority in the rules of the global Bitcoin network is not a practical possibility. Any rich organization could choose to invest in mining hardware to control half of the computing power of the network and become able to block or reverse recent transactions. However, there is no guarantee that they could retain this power since this requires to invest as much than all other miners in the world.
It is however possible to regulate the use of Bitcoin in a similar way to any other instrument. Just like the dollar, Bitcoin can be used for a wide variety of purposes, some of which can be considered legitimate or not as per each jurisdiction’s laws. In this regard, Bitcoin is no different than any other tool or resource and can be subjected to different regulations in each country. Bitcoin use could also be made difficult by restrictive regulations, in which case it is hard to determine what percentage of users would keep using the technology. A government that chooses to ban Bitcoin would prevent domestic businesses and markets from developing, shifting innovation to other countries. The challenge for regulators, as always, is to develop efficient solutions while not impairing the growth of new emerging markets and businesses.

What about Bitcoin and taxes?

Bitcoin is not a fiat currency with legal tender status in any jurisdiction, but often tax liability accrues regardless of the medium used. There is a wide variety of legislation in many different jurisdictions which could cause income, sales, payroll, capital gains, or some other form of tax liability to arise with Bitcoin.

What about Bitcoin and consumer protection?

Bitcoin is freeing people to transact on their own terms. Each user can send and receive payments in a similar way to cash but they can also take part in more complex contracts. Multiple signatures allow a transaction to be accepted by the network only if a certain number of a defined group of persons agree to sign the transaction. This allows innovative dispute mediation services to be developed in the future. Such services could allow a third party to approve or reject a transaction in case of disagreement between the other parties without having control on their money. As opposed to cash and other payment methods, Bitcoin always leaves a public proof that a transaction did take place, which can potentially be used in a recourse against businesses with fraudulent practices.
It is also worth noting that while merchants usually depend on their public reputation to remain in business and pay their employees, they don’t have access to the same level of information when dealing with new consumers. The way Bitcoin works allows both individuals and businesses to be protected against fraudulent chargebacks while giving the choice to the consumer to ask for more protection when they are not willing to trust a particular merchant.

How are bitcoins created?

New bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoins in exchange.
The Bitcoin protocol is designed in such a way that new bitcoins are created at a fixed rate. This makes Bitcoin mining a very competitive business. When more miners join the network, it becomes increasingly difficult to make a profit and miners must seek efficiency to cut their operating costs. No central authority or developer has any power to control or manipulate the system to increase their profits. Every Bitcoin node in the world will reject anything that does not comply with the rules it expects the system to follow.
Bitcoins are created at a decreasing and predictable rate. The number of new bitcoins created each year is automatically halved over time until bitcoin issuance halts completely with a total of 21 million bitcoins in existence. At this point, Bitcoin miners will probably be supported exclusively by numerous small transaction fees.

Why do bitcoins have value?

Bitcoins have value because they are useful as a form of money. Bitcoin has the characteristics of money (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central authorities (like fiat currencies). In short, Bitcoin is backed by mathematics. With these attributes, all that is required for a form of money to hold value is trust and adoption. In the case of Bitcoin, this can be measured by its growing base of users, merchants, and startups. As with all currency, bitcoin’s value comes only and directly from people willing to accept them as payment.

What determines bitcoin’s price?

The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls. There is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable. Because Bitcoin is still a relatively small market compared to what it could be, it doesn’t take significant amounts of money to move the market price up or down, and thus the price of a bitcoin is still very volatile.

Can bitcoins become worthless?

Yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.

Is Bitcoin a bubble?

A fast rise in price does not constitute a bubble. An artificial over-valuation that will lead to a sudden downward correction constitutes a bubble. Choices based on individual human action by hundreds of thousands of market participants is the cause for bitcoin’s price to fluctuate as the market seeks price discovery. Reasons for changes in sentiment may include a loss of confidence in Bitcoin, a large difference between value and price not based on the fundamentals of the Bitcoin economy, increased press coverage stimulating speculative demand, fear of uncertainty, and old-fashioned irrational exuberance and greed.

Is Bitcoin a Ponzi scheme?

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money, or the money paid by subsequent investors, instead of from profit earned by the individuals running the business. Ponzi schemes are designed to collapse at the expense of the last investors when there is not enough new participants.
Bitcoin is a free software project with no central authority. Consequently, no one is in a position to make fraudulent representations about investment returns. Like other major currencies such as gold, United States dollar, euro, yen, etc. there is no guaranteed purchasing power and the exchange rate floats freely. This leads to volatility where owners of bitcoins can unpredictably make or lose money. Beyond speculation, Bitcoin is also a payment system with useful and competitive attributes that are being used by thousands of users and businesses.

Doesn’t Bitcoin unfairly benefit early adopters?

Some early adopters have large numbers of bitcoins because they took risks and invested time and resources in an unproven technology that was hardly used by anyone and that was much harder to secure properly. Many early adopters spent large numbers of bitcoins quite a few times before they became valuable or bought only small amounts and didn’t make huge gains. There is no guarantee that the price of a bitcoin will increase or drop. This is very similar to investing in an early startup that can either gain value through its usefulness and popularity, or just never break through. Bitcoin is still in its infancy, and it has been designed with a very long-term view; it is hard to imagine how it could be less biased towards early adopters, and today’s users may or may not be the early adopters of tomorrow.

Won’t the finite amount of bitcoins be a limitation?

Bitcoin is unique in that only 21 million bitcoins will ever be created. However, this will never be a limitation because transactions can be denominated in smaller sub-units of a bitcoin, such as bits - there are 1,000,000 bits in 1 bitcoin. Bitcoins can be divided up to 8 decimal places (0.000 000 01) and potentially even smaller units if that is ever required in the future as the average transaction size decreases.

Won’t Bitcoin fall in a deflationary spiral?

The deflationary spiral theory says that if prices are expected to fall, people will move purchases into the future in order to benefit from the lower prices. That fall in demand will in turn cause merchants to lower their prices to try and stimulate demand, making the problem worse and leading to an economic depression.
Although this theory is a popular way to justify inflation amongst central bankers, it does not appear to always hold true and is considered controversial amongst economists. Consumer electronics is one example of a market where prices constantly fall but which is not in depression. Similarly, the value of bitcoins has risen over time and yet the size of the Bitcoin economy has also grown dramatically along with it. Because both the value of the currency and the size of its economy started at zero in 2009, Bitcoin is a counterexample to the theory showing that it must sometimes be wrong.
Notwithstanding this, Bitcoin is not designed to be a deflationary currency. It is more accurate to say Bitcoin is intended to inflate in its early years, and become stable in its later years. The only time the quantity of bitcoins in circulation will drop is if people carelessly lose their wallets by failing to make backups. With a stable monetary base and a stable economy, the value of the currency should remain the same.

Isn’t speculation and volatility a problem for Bitcoin?

This is a chicken and egg situation. For bitcoin’s price to stabilize, a large scale economy needs to develop with more businesses and users. For a large scale economy to develop, businesses and users will seek for price stability.
Fortunately, volatility does not affect the main benefits of Bitcoin as a payment system to transfer money from point A to point B. It is possible for businesses to convert bitcoin payments to their local currency instantly, allowing them to profit from the advantages of Bitcoin without being subjected to price fluctuations. Since Bitcoin offers many useful and unique features and properties, many users choose to use Bitcoin. With such solutions and incentives, it is possible that Bitcoin will mature and develop to a degree where price volatility will become limited.

What if someone bought up all the existing bitcoins?

Only a fraction of bitcoins issued to date are found on the exchange markets for sale. Bitcoin markets are competitive, meaning the price of a bitcoin will rise or fall depending on supply and demand. Additionally, new bitcoins will continue to be issued for decades to come. Therefore even the most determined buyer could not buy all the bitcoins in existence. This situation isn’t to suggest, however, that the markets aren’t vulnerable to price manipulation; it still doesn’t take significant amounts of money to move the market price up or down, and thus Bitcoin remains a volatile asset thus far.

What if someone creates a better digital currency?

That can happen. For now, Bitcoin remains by far the most popular decentralized virtual currency, but there can be no guarantee that it will retain that position. There is already a set of alternative currencies inspired by Bitcoin. It is however probably correct to assume that significant improvements would be required for a new currency to overtake Bitcoin in terms of established market, even though this remains unpredictable. Bitcoin could also conceivably adopt improvements of a competing currency so long as it doesn’t change fundamental parts of the protocol.

What is Bitcoin mining?

Mining is the process of spending computing power to process transactions, secure the network, and keep everyone in the system synchronized together. It can be perceived like the Bitcoin data center except that it has been designed to be fully decentralized with miners operating in all countries and no individual having control over the network. This process is referred to as "mining" as an analogy to gold mining because it is also a temporary mechanism used to issue new bitcoins. Unlike gold mining, however, Bitcoin mining provides a reward in exchange for useful services required to operate a secure payment network. Mining will still be required after the last bitcoin is issued.

How does Bitcoin mining work?

Anybody can become a Bitcoin miner by running software with specialized hardware. Mining software listens for transactions broadcast through the peer-to-peer network and performs appropriate tasks to process and confirm these transactions. Bitcoin miners perform this work because they can earn transaction fees paid by users for faster transaction processing, and newly created bitcoins issued into existence according to a fixed formula.
For new transactions to be confirmed, they need to be included in a block along with a mathematical proof of work. Such proofs are very hard to generate because there is no way to create them other than by trying billions of calculations per second. This requires miners to perform these calculations before their blocks are accepted by the network and before they are rewarded. As more people start to mine, the difficulty of finding valid blocks is automatically increased by the network to ensure that the average time to find a block remains equal to 10 minutes. As a result, mining is a very competitive business where no individual miner can control what is included in the block chain.
The proof of work is also designed to depend on the previous block to force a chronological order in the block chain. This makes it exponentially difficult to reverse previous transactions because this requires the recalculation of the proofs of work of all the subsequent blocks. When two blocks are found at the same time, miners work on the first block they receive and switch to the longest chain of blocks as soon as the next block is found. This allows mining to secure and maintain a global consensus based on processing power.
Bitcoin miners are neither able to cheat by increasing their own reward nor process fraudulent transactions that could corrupt the Bitcoin network because all Bitcoin nodes would reject any block that contains invalid data as per the rules of the Bitcoin protocol. Consequently, the network remains secure even if not all Bitcoin miners can be trusted.

Isn’t Bitcoin mining a waste of energy?

Spending energy to secure and operate a payment system is hardly a waste. Like any other payment service, the use of Bitcoin entails processing costs. Services necessary for the operation of currently widespread monetary systems, such as banks, credit cards, and armored vehicles, also use a lot of energy. Although unlike Bitcoin, their total energy consumption is not transparent and cannot be as easily measured.
Bitcoin mining has been designed to become more optimized over time with specialized hardware consuming less energy, and the operating costs of mining should continue to be proportional to demand. When Bitcoin mining becomes too competitive and less profitable, some miners choose to stop their activities. Furthermore, all energy expended mining is eventually transformed into heat, and the most profitable miners will be those who have put this heat to good use. An optimally efficient mining network is one that isn’t actually consuming any extra energy. While this is an ideal, the economics of mining are such that miners individually strive toward it.

How does mining help secure Bitcoin?

Mining creates the equivalent of a competitive lottery that makes it very difficult for anyone to consecutively add new blocks of transactions into the block chain. This protects the neutrality of the network by preventing any individual from gaining the power to block certain transactions. This also prevents any individual from replacing parts of the block chain to roll back their own spends, which could be used to defraud other users. Mining makes it exponentially more difficult to reverse a past transaction by requiring the rewriting of all blocks following this transaction.

What do I need to start mining?

In the early days of Bitcoin, anyone could find a new block using their computer’s CPU. As more and more people started mining, the difficulty of finding new blocks increased greatly to the point where the only cost-effective method of mining today is using specialized hardware. You can visit BitcoinMining.com for more information.

Is Bitcoin secure?

The Bitcoin technology - the protocol and the cryptography - has a strong security track record, and the Bitcoin network is probably the biggest distributed computing project in the world. Bitcoin’s most common vulnerability is in user error. Bitcoin wallet files that store the necessary private keys can be accidentally deleted, lost or stolen. This is pretty similar to physical cash stored in a digital form. Fortunately, users can employ sound security practices to protect their money or use service providers that offer good levels of security and insurance against theft or loss.

Hasn’t Bitcoin been hacked in the past?

The rules of the protocol and the cryptography used for Bitcoin are still working years after its inception, which is a good indication that the concept is well designed. However, security flaws have been found and fixed over time in various software implementations. Like any other form of software, the security of Bitcoin software depends on the speed with which problems are found and fixed. The more such issues are discovered, the more Bitcoin is gaining maturity.
There are often misconceptions about thefts and security breaches that happened on diverse exchanges and businesses. Although these events are unfortunate, none of them involve Bitcoin itself being hacked, nor imply inherent flaws in Bitcoin; just like a bank robbery doesn’t mean that the dollar is compromised. However, it is accurate to say that a complete set of good practices and intuitive security solutions is needed to give users better protection of their money, and to reduce the general risk of theft and loss. Over the course of the last few years, such security features have quickly developed, such as wallet encryption, offline wallets, hardware wallets, and multi-signature transactions.

Could users collude against Bitcoin?

It is not possible to change the Bitcoin protocol that easily. Any Bitcoin client that doesn’t comply with the same rules cannot enforce their own rules on other users. As per the current specification, double spending is not possible on the same block chain, and neither is spending bitcoins without a valid signature. Therefore, It is not possible to generate uncontrolled amounts of bitcoins out of thin air, spend other users’ funds, corrupt the network, or anything similar.
However, powerful miners could arbitrarily choose to block or reverse recent transactions. A majority of users can also put pressure for some changes to be adopted. Because Bitcoin only works correctly with a complete consensus between all users, changing the protocol can be very difficult and requires an overwhelming majority of users to adopt the changes in such a way that remaining users have nearly no choice but to follow. As a general rule, it is hard to imagine why any Bitcoin user would choose to adopt any change that could compromise their own money.

Is Bitcoin vulnerable to quantum computing?

Yes, most systems relying on cryptography in general are, including traditional banking systems. However, quantum computers don’t yet exist and probably won’t for a while. In the event that quantum computing could be an imminent threat to Bitcoin, the protocol could be upgraded to use post-quantum algorithms. Given the importance that this update would have, it can be safely expected that it would be highly reviewed by developers and adopted by all Bitcoin users.

What if I have more questions about Bitcoin?

Three great places where you can get your questions answered are the BitcoinTalk Forum at BitcoinTalk.org, the Bitcoin sub-reddit at Reddit.com/r/bitcoin and Bitcoin Stack Exchange at Bitcoin.StackExchange.com.

SwingBTC - 150 BTCs from 6 ads. Not hacked just a huge bug

2017-12-19T12:59:00.001+07:00

Ads with price 00000025 BTCs;

00000025 BTCs different 0.0000025 BTCs
00000025 BTCs same with 25 BTCs.

Cause of 6 ads I got 150 BTCs in my account balance.

==========================================
Admin SwingBTC confirmation (SwingBTC Forum)

Dear Members,
Currently SwingBtc is facing a huge bug. The values of the Ads is 25 BTCs and balance have decreased for some members. In more some members enjoy this situation and purchase some things or ask for a withdraw. This, bring me a lot of work! I am receiving full messages and I can't reply to all. My coder is actually working on, but as soon as it is fixed, the bug reappear. I apologize for the inconvenience.
Best regards.
Aurel.
==========================================

And now many members have reset on their account balance to be ZERO, until now the problem not yet resolve. New policy from SwingBTC, the ads shown now are reduced considerably both in quantity and value.

Click on ads on SwingBTC.com can be 150 BTC

2017-12-15T10:41:00.000+07:00

Either system damage or human error, last night I played SwingBTC got 150 BTC results.

SwingBTC is one of HYIP service site with PTC model.

According to a number of reports summarized by HYIP monitoring sites, SwingBTC reported LEGIT.

SwingBTC offers 2 member registration options namely Earner and Advertiser.

Advantages as Earner (quoted from SwingBTC website):

Our innovative features for members give them flexibility and more earning potential

Earn up to 0.0045 mBTC per click

Earn up to 0.0045 mBTC per Ref. click

Advanced Referral Activity Filter

Affordable upgrade plans

Instant Payment

And profit as Advertiser (quoted from SwingBTC website):

If you are looking to promote your products and services, this is the right place for you.

Differents type of advertisements

Add your rotation plan instantly

Choice of multiple ads packs

Detailed statistics on GeoMap

Anti-cheat protection

To handle member complaints, SwingBTC provides a FORUM. To contact SwingBTC directly can not be done because it is not provided by the SwingBTC, this should be provided. Although SwingBTC is called LEGIT but still needs to act professionally and responsibly, also concerned with the complaints of its members. Because of its members existence SwingBTC can exist and known by many people everywhere.

What Makes Bitcoin So Mighty?

2017-12-13T13:43:00.000+07:00

Money is a root of evil. This saying is true if it is associated with the early development of Bitcoin.
At the beginning of the development of Bitcoin, crypto currency is widely used to support transaction activities that melempet black world that uses Bitcoin in forbidden sale and purchase transactions.
One well-known example is the Silkroad site. For 2.5 years, the site became the biggest black market for online drug sale.
In October 2013, owner Ross Ulbricht known as 'The Dread Pirate Roberts' was arrested by the FBI and thrown into prison.
The FBI gets 144,000 Bitcoin from Silk Road accounts and makes the FBI one of the largest Bitcoin owners in the world.
In addition to being used for illicit drug transactions, Bitcoin is also an option to receive ransomware payments or data capture programs.
Started by cryptolocker, waves of data ransomware begin to launch its action in 2013, encrypt (lock with cryptographic method) data.
Only malware authors have a key to open encrypted data. They will ask for a ransom payment so the victim can reopen his data.
Surely the hostage taker is not stupid by asking the victim to send money to his account at the bank. Because the accounts and the flow of bank funds can be easily tracked by the authorities.
Therefore, the choice falls on the crypto currency of Bitcoin which is either anonymous or decentralized and is not controlled by any central bank or government agency in the world.
Bitcoin at the end of 2017 became the headline of news in the world due to a tremendous surge of value from USD 1,000 to USD 19,000.
Everyone wonders, what makes this crypto currency so powerful. This time it's not SilkRoad or Ransomware but Chicago.

CBOE and CME

Chicago Board Option Exchange (CBOE) and the CME Chicago Mercantile Exchange are the largest option markets in America that offer options from companies, stock indices and futures contracts.
The two agencies decided to open a futures contract for Bitcoin in December 2017 where CBOE will commence on December 10, 2017 and CME will open a Bitcoin futures contract on December 17, 2017.
This cash will instantly open the giant access toll roads of the financial markets of the world against Bitcoin and bridge crypto money with real money in the world. This optimism that catapulted the value of Bitcoin nearly 15 times in 2017.

Blockchain, the main strength of Bitcoin

If Samson's secret power is in his hair, then it can be said the heart of Bitcoin is blockchain.
The first blockchain introduced by Satoshi Nakamoto is an ever-evolving information called block and connected to each other forming chains and connections between blocks secured by cryptography.
Each block contains link information in the previous block, time stamp and transaction data. Blockchain is designed to hold against unwanted data manipulation or modification.
In the case of Bitcoin, blockchain can be regarded as a distributed ledger and used to record transactions between parties with verifiable and fixed methods (irreversible).
Because it is used in a distributed manner, blockchain is managed collectively. The blockchain data is permanent because once recorded, the data in the blockchain can not be changed without altering data across the entire block chain requiring collusion across the entire blockchain network.
Something that is almost impossible to happen or at least to this day has never happened because of the size of the blockchain network itself.
With the blockchain system and its size estimated to reach hundreds of thousands of interconnected computers and widespread geographic spread, Bitcoin is very difficult or can not be controlled by one institution or state because it is designed to be independent and distributed.
Therefore, Bitcoin transactions are free from corporate influence such as banks, intermediaries and other financial institutions that essentially lead to additional costs in making transactions.
However, due to its high anonymity, Bitcoin is widely used for unlawful activities to be difficult to trace by authorities such as drug trafficking, illegal weapons and ransom demands anonymously.

The threat to bitcoin

Bitcoin is often echoed as a digital currency and has become the accepted currency to make payments like any other currency.
However, Bitcoin's high popularity leads to high volatility and this has an adverse effect on the use of Bitcoin as a currency.
Steam, a gaming online service that received Bitcoin as an alternative payment, decided to stop Bitcoin's revenue due to the high volatility that led to the unexpectedly high cost of using Bitcoin.
As an illustration, if you sell villas in Bali for Rp 1 Billion on 1 December with Bitcoin currency and the next day Bitcoin value drop 30%, then the money you receive is only Rp 700 million.
This is certainly very feared by business people so that during high volatility, then its function as currency for payment will be avoided.
Another threat is theft and hacks are very high. One proof is the Bitcoin Japan Go Mt Gox that became the world's largest Bitcoin exchanges for handling 70% of the world's Bitcoin transactions, in February 2014 was forced to go bankrupt for being a victim of hacking and lost hundreds of thousands of Bitcoin.
As the price of Bitcoin skyrocketed, it will automatically increase the risk of hacking and the last victim is Nicehash who must suffer a loss of about USD 68 million because the system was successfully hacked.
If the company amounts to Mt Gox and Nicehash which incidentally has been preparing for hacking effort but still successfully hacked, what about the ordinary users who sometimes stutter the technology.
Let alone protect Bitcoinnya, protect Facebook credentials sometimes still have difficulty. Losing money in Bitcoin is different from losing money in the bank.
At the bank, you can still track where the money was sent and who did it. In many cases of hacking, the bank is also responsible for assisting or providing compensation.
While in Bitcoin, once your money is lost, you can only complain to blockchain and there is no authority that can help return your money.
Therefore, start practicing your credentials well, enable TFA Two Factor Authentication and keep your smart devices from malware that hackers typically use to run their actions.

How to hack bitcoin? – How Bitcoin wallet hacking is carried out by hackers?

2017-12-08T12:48:00.000+07:00

Disclaimer! This article is for Information purpose only. We do not condone the use of any methods mentioned in this article for illegal or unethical purposes.

Before we begin with bitcoin hacking, I believe you have sufficient knowledge about how Bitcoin System works and how you can Mine Bitcoins; If not please head over to this post.
Since Bitcoin doesn’t have a currency characteristic, it cannot be deposited in the bank. It is held in a Software that acts as a ‘digital wallets’ which is proven to be vulnerable to thieves and hackers.
The added advantage for hackers is that Bitcoin is also an Anonymous currency, that keeps a person’s real identity separate from his digital address. So if at all the hackers Wallet address gets tracked, It won’t be of any use since his real identity is still unknown.
The very Fact that all Bitcoin transactions are permanent and cannot be undone, gives hackers a free hand to steal Bitcoins and get away with it.
In fact, there are many clever tricks built within Bitcoin System that makes sure, altering any ledger entry in the blockchain invalidates all subsequent entries. So It is Practically Impossible to Undo Payments in this case “Stolen Bitcoins” unless the hacker himself agrees to return the stolen Bitcoins.
There are Basically two ways a hacker could hack Bitcoin System for Stealing Bitcoins.
He is either able to get the Bitcoin wallet password (Wallet key) of a User or a group of users and then use it to transfer all the bitcoins from users wallet to his Anonymous Wallet. Or he could actually hack Bitcoin Exchange and collect all the bitcoins. Another way is Hijacking Mining Pool and redirecting all of its computing power to Mine Bitcoins for yourself.
It’s 2017 and hackers have discovered another easy way of earning free bitcoins, there are now targeting greedy users who are looking for bitcoin multiplier software’s to double or triple their bitcoins.
let us see how exactly Hackers are stealing thousands of bitcoins using Bitcoin Hack:

1) Hacking Users Bitcoin wallet Password (Stealing Private Key)

Owning a Bitcoin Wallet literally means owning a Private Cryptographic Key (Blockchain Password) to unlock Wallet address of other users in order to send them Bitcoins.
Usually this Private Cryptographic Key is a long string of numbers and letters. You may choose to store your key in a number of places including a paper printout, a hard drive, or an Online Drive.

No matter where you store your Private key, your wallet is vulnerable to theft since the hacker simply needs to gain access to your Private key. Mostly Hackers target ‘Online services‘ that store the private keys for a large number of users.
In this case the Hacker just takes help from the insiders at the ‘Online service’ or Hacks the Server, copying database of private keys and gain control of the bitcoins at all those addresses. The Hacker can now spend all of those Bitcoins wherever he wants.
Alternatively, If the Hacker Knows a Specific Bitcoin Miner or a Company involved in Mining, he could just infect their Systems with a Malware that would search for Private keys Stored on their System drives or he could hack into their pool account and change the payout address.

2) Hacking Bitcoin Mining Pools and Exchanges

In August 2014, a Hacker was able to Mine $84k worth of Bitcoins by Hacking into Bitcoin mining pool, by gaining access to the ISP Infrastructure and diverting the computing power of private Bitcoin mines to his own Mining pool.
Hacking Bitcoin Pool involves gaining control of the processing power of a group of bitcoin miners (Mining Pool), the users who spend processing power to add new coins to the currency’s network and who are in turn rewarded with a cut of the resulting crypto-currency the pool produces. The Hacker Redirects the Computing Power of Pools participants to his private pool by tricking them into continuing to devote their processors to bitcoin mining. All for Him.

The Researcher found out that Hackers are Targeting ISP’s and then compromising the service known as the ‘Border Gateway Protocol’ (BGP) that is designed to connect different networks on the internet together. With so-called border gateway protocol, Hackers are able to redirect traffic destined for a legitimate mining pool to his own pool.
Executing such type of hacking is very difficult and requires Help from Insiders of ‘Internet Service Provider’, given that it requires inside access to an ISP.
That’s all we have right now and Please note that carrying out any of such Bitcoin hacking attacks is an Offence. Use at your own discretion.

Bitcoin: $64m in cryptocurrency stolen in 'sophisticated' hack, exchange says

2017-12-08T12:41:00.000+07:00

Mining marketplace NiceHash suspends operations while it co-operates with authorities over ‘professional attack’, urging users to change passwords
Nearly $64m in bitcoin has been stolen by hackers who broke into Slovenian-based bitcoin mining marketplace NiceHash.
The marketplace suspended operations on Thursday while it investigated the breach, saying it was working with law enforcement as “a matter of urgency” while urging users to change their passwords.
The hack was “a highly professional attack with sophisticated social engineering” that resulted in approximately 4,700 bitcoin being stolen, worth about $63.92m at current prices, said NiceHash head of marketing Andrej P Škraba.
NiceHash is a digital currency marketplace that matches people looking to sell processing time on their computers for so called miners to verify bitcoin users’ transactions in exchange for the bitcoin.
Troubles with the website over the past day or so drew alarm and complaints, with many bitcoin owners posting panicked comments on NiceHash’s social media accounts.
NiceHash said in a statement: “We understand that you will have a lot of questions, and we ask for patience and understanding while we investigate the causes and find the appropriate solutions for the future of the service.”
The price of bitcoin has surged to more than $14,668, gaining around $2,000 (£1,494) of value in a day according to bitcoin monitor CoinDesk. That compares with a value below $1,000 at the beginning of the year.
Online security is a vital concern for cryptocurrency marketplaces and exchanges, with bitcoins contained within digital wallets that have increasingly become a target for hackers as the number of bitcoins stored and their value has skyrocketed over the last year.
In Japan, following the failure of bitcoin exchange Mt Gox, new laws were enacted to regulate bitcoins and other cryptocurrencies. Mt. Gox shut down in February 2014 having lost approximately 850,000 bitcoins, potentially to hackers. Mark Karpelès, head of Mt Gox, went on trial in Japan in July, facing up to five years in jail under charges of embezzlement and the lost of $28m of user funds.

Woman Who Disappeared After Tinder Date Found Dead

2017-12-06T10:30:00.000+07:00

A 24-year-old Nebraska woman who went missing after an online date has been found dead three weeks after she disappeared.

The family of Sydney Loofe made the announcement Monday night on a Facebook page they’d created to help raise awareness about Loofe’s disappearance.
“It’s with heavy hearts that we share this most recent update with you all,” the message reads. “Please continue to pray for Sydney and our entire family. May God grant eternal rest unto thee. We love you Sydney.”
The Antelope County Sheriff’s Office also shared the news on its official Facebook page, “Our thoughts and prayers are with the Loofe family … No other details are known at this time.”
According to Randy Thysse, special agent in charge of the Omaha division of the FBI, Loofe’s body was discovered Monday afternoon in an “open area” of rural Clay County. The location is roughly 90 miles southwest of Lincoln.
“On behalf of the FBI, we extend our deepest heartfelt condolences to Sydney’s parents, George and Susie, her brother and sister, her friends, an all that were very fortunate enough to know her,” Thysse said during a press conference.
While investigators believe the body belongs to Loofe, Thysee said a positive identification will not be made official until after autopsy. He was unable to say when that will occur.
“We are indeed conducting a very through investigation to ensure we can provide an accurate account of what happened to Sydney,” he said. “An investigation like this takes resources and time. We ask for your patience.”
Also speaking at the press conference was Lincoln Police Chief Jeff Bliemeister, who credited the discovery of the body to the “analysis of digital evidence” and “putting people on the ground.”

Asked by a reporter if evidence was found at the scene, Bliemeister said, “We do believe that there is evidence of foul play and we will continue ... to determine exactly what that is.”

Southern California fires growing quickly, forcing thousands to evacuate

2017-12-06T10:27:00.000+07:00

Ventura, California (CNN)Tens of thousands fled their homes Tuesday as several incredibly fast-moving brush fires pushed by howling Santa Ana winds scorched parts of Southern California.

"Fires are breaking out across the so. Cal. Region... Be fire safe. Firefighters are working very hard to minimize damage to property. Evacuations are taking place in many places in Southern California," the Ventura County Fire Department tweeted.

Unpredictable winds and extremely dry brush, victim of little rainfall over the past three months, fueled at least five blazes.

In Los Angeles, at least 500 firefighters watched a fire go from 4,000 acres to 11,000 in a matter of hours.

"We simply don't know what this fire will do," Mayor Eric Garcetti said.

To the west, the biggest blaze had zero containment and it had grown to 50,000 acres -- about 78 square miles -- in just 19 hours.

Some homes were ablaze in the northern part of Ventura, a city of more than 100,000 on the Pacific coast. More than a quarter of the city's residents had been told to get out.

The fire -- the largest of several wind-driven blazes in Southern California -- forced sheriff's deputies to knock on doors to warn residents to evacuate Monday night. About 150 buildings, including homes and an evacuated Ventura hospital, have been destroyed.

On Ventura's northern edge, at least 10 homes and many trees were burning in one neighborhood, sending thick smoke and dangerous embers into the gusty air.

Evacuee Catherine Wastweet, stood on a street Tuesday morning and looked up to the foothills where her neighborhood was aflame.

"We live up there ... but we just don't know whether our house is burned down or not, because we can't even see through all of the smoke," she said.

Hackers Want In On Bitcoin Action: Expert

2017-11-30T17:51:00.005+07:00

It’s hardly surprising that criminals are looking to get in on the cryptocurrency action as Bitcoin price surged past the $10,000 mark late on Monday.

Cybercriminals, hackers, Internet pirates, call them what you want, are scouring the Internet in search of easy targets as the world wakes-up to the success of Bitcoin and its altcoin successors.
According to American SANS Technology Institute’s online forum, a cybersecurity expert’s software has identified bots trying to piggyback off various information systems to find unsecured cryptocurrency wallets around the world.
Didier Stevens says hackers are using software that scans computers for files containing wallet information - which allows cybercriminals to access and steal funds in online wallets.
“I've seen a couple of such requests a couple of years ago, but it's the first time I see that many. The first time I observed this was late 2013, in the middle of the first big BTC (Bitcoin) price rally.”

While hackers are scouring the Internet for Bitcoin wallet archives, Stevens also pointed out that Ethereum wallet clients were also being targeted, according to RT.

Hackers are trying to access local Ethereum JSON-RPC interfaces, which should only be accessible by an individual system. Bypassing authentication of wallets, hackers can control an Ethereum client and effectively steal funds.
Individuals that have synchronized the Ethereum Blockchain on their system are at risk if their JSON-RPC interface allows incoming requests.

House of Lords Recommends Exploration of Blockchain Technology to the British Government

2017-11-30T17:49:00.004+07:00

Great Britain’s upper chamber of parliament, the House of Lords, has recommended the exploration of the possible various applications of Blockchain or distributed ledger technology (DLT) across government services.

The House added that the government should study the possibility of using the technology in such sectors as national security and public safety, healthcare, cybersecurity and customs and immigration.

In its report, the Upper Chamber stressed that there are a lot of opportunities for DLT across government services. It also claimed that the adoption of Blockchain in the public sector could change the relationship between the government and its citizens through the technology’s decentralized trust mechanisms.

In his foreword to their report, lead author Lord Christopher Holmes claimed that the DLT can play a key role in improving government services and solidifying the country’s competitive position as a global leader in technology-based innovations.

Other highlights of the report

Aside from the possible benefits of the technology, the report cited the risks associated with its adoption because it is still new and “immature.” It presented as examples the risks related to the conduct of initial coin offerings (ICO), as well as the “unresolved issues” that could endanger the systems that will use it.

The house also claimed that “greater leadership” from the government is required to improve decision-making and the delivery of public services. It recommended that serious political will should be adopted to pursue initiatives in researching, developing standards, conducting tests, and enhancing cross-departmental collaboration with respect to DLT.

Previous parliamentary works on the technology

The British parliament has already worked on the technology in the past. In mid-2016, a House of Lords committee hosted a hearing on DLT and its possible effect(s) on finance and government.

Despite its acknowledgment of the potential of the technology, the committee adopted a somewhat critical tone on the technology then.

$11,000 ‘Cripple Coin’: Roger Ver’s Bitcoin Criticism Finds Zero Support

2017-11-30T17:49:00.000+07:00

Bitcoin.com owner and Bitcoin Cash proponent Roger Ver has called Bitcoin ‘cripple coin’ despite prices rising over $11,000.

In comments on the r/BTC subreddit celebrating 50,000 transactions on cryptocurrency gambling site SatoshiDice, Ver defied optimism about Bitcoin’s 1,500% annual growth.

“As cripple coin is passing $10,000 SatoshiDice is about to surpass 50,000 on chain transactions with Bitcoin Cash!” he announced.

Ver has become increasingly outspoken on Bitcoin’s flaws since Bitcoin Cash (BCH) came into being in August. Despite erratic price and mining behavior, the entrepreneur formerly known as ‘Bitcoin Jesus’ has publicly divested himself of large amounts of BTC holdings in favor of the alternative chain.

His latest Reddit post, however, was met with little support.

“Roger, you're gonna be writing a lot more apologies if you keep acting this way,” one top response reads Wednesday.

Specific criticism came from users alleging hypocrisy on Ver’s part, having previously complained Bitcoin Cash was not being referred to by its correct name in the press and industry.

“Roger you can’t complain and lose your temper over people calling BCH by the wrong name and then call BTC ‘cripple coin,’ the most popular response states.

“You’re just asking for it if you continue like that. BTC’s limitations speak for themselves; there’s no need for childish rhetoric.”

The wider Bitcoin community similarly picked up on the lack of popularity as Bitcoin actually breaks through $11,000.

The only efforts to support Ver’s view came in the form of somewhat bizarre account u/Nonce_00000000, which used the argument that he was infallible solely due to his status as a millionaire.

Bitcoin Price Unstoppable As $11,000 Becomes New Benchmark

2017-11-30T17:47:00.001+07:00

Despite hitting $10,000 among major exchanges just hours ago, Bitcoin has already tackled $11,000 as markets show no signs of slowing.

The first hours of Wednesday saw $10,000 come and ago on Coinbase, Bitstamp, Bitfinex and others, with trading continuing to just below $10,700 before a correction.

That correction was short-lived, however, with Bitcoin then passing that mark to first hover around $10,750 and then continue to the next barrier soon afterwards.

Both Bitcoin’s rate of growth and comparative lack of volatility are unprecedented in its history.

Prices are up almost 1500% in 2017 alone, with expectations by even the more optimistic forecasters now seeming modest.

New bubble warnings in the mainstream press contrast with investment sources at a loss as to how high Bitcoin could go in 2018.

BTCC CEO Bobby Lee even took a randomized approach, basing his $48,000 prediction on the number of his Twitter followers.

Meanwhile, Tone Vays, the technical commentator who has seen his short-term tips come true with remarkable accuracy in recent months, said that $12,000 would now come “quickly” due to profit takers having completed their activity.

At the time, Bitcoin was still at $9900.

Bitcoinker - The Best Bitcoin Faucet Legitimation

2017-11-29T16:01:00.002+07:00

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Oversupply of Bitcoin Will Burst the Bubble?

2017-11-29T15:54:00.003+07:00

A recent analysis regarding supply and demand suggests that the end of the Bitcoin bull run will come not as a result of lack of buyers but because of an overabundance of supply. The supply, according to the analyst, will come through new and varied ways to trade Bitcoin and from Bitcoin hard forks.

The analysis stems from the dot-com bubble in the late 1990s, when any company with .com in its name instantly received a huge market boost. However, the end of the dot-com bubble occurred when a huge number of new .com IPOs flooded the marketplace, many of which were unstable business models.

For a while the market absorbed them, but when the market finally corrected it pulled the rug out from all of those businesses and only the strong survived.

Whence Bitcoin supply?

One of the most important (and most repeated) features of Bitcoin is its limited supply. Ask anyone even remotely familiar with the cryptocurrency and they’ll tell you that only 21 mln Bitcoin will ever exist. With such limited supply, how could an oversupply ever occur?

The answer is multifaceted. For starters, Bitcoin hard forks are now creating new derivatives from the original Bitcoin. For example, the Bitcoin Cash hard fork has now created an entirely new Bitcoin with a market cap of $26 bln. Whatever your politics on the BCH fork, the reality is that supply increased. The Bitcoin Gold and Bitcoin Diamond forks did the same.

Further, the issuance of Bitcoin futures may well be the cryptocurrency’s own undoing. Though hyped as an amazing mainstream adoption (true enough indeed), the reality that derivatives of Bitcoin will now be tradable may limit the depth of investment in the original and thin out the pool of investors. According to the analysis:

“…as the river of ways to invest in cryptocurrencies widens, the flood that has lifted the price of the Bitcoin will surely recede, and, as always, much faster than people expect."

Bitcoin is an Economic Miracle: Cambridge Professor

2017-11-29T15:53:00.001+07:00

Dr. Garrick Hileman, an economic historian at the University of Cambridge and the London School of Economics, explained in an interview with CNN that Bitcoin is nothing short of an economic miracle.

Hileman stated:

"Many economists dismissed it as a flawed form of money, something that could never achieve the level of adoption that it has. Today we estimate 5 to 10 million unique active users of cryptocurrencies, and in my opinion that's nothing short of a minor economic miracle."

What Bitcoin represents

Bitcoin is the world’s first form of decentralized money; a store of value that is censorship-resistant and that is immutable against manipulation by central entities, authorities and governments.
The decentralized structure and peer-to-peer protocol of Bitcoin are unique in that they allow the Bitcoin network to operate as its own economy, without intermediaries and third party service providers. While some central banks and financial institutions have begun to fear such aspects of Bitcoin, the Bank of Finland encouraged economists to study the “marvelous structure” of Bitcoin.
In a paper entitled “Monopoly without a monopolist: An economic analysis of the Bitcoin payment system,” Bank of Finland researchers wrote:

“Bitcoin is not regulated. It cannot be regulated. There is no need to regulate it because as a system it is committed to the protocol as is and the transaction fees it charges the users are determined by the users independently of the miners’ efforts. Bitcoin’s design as an economic system is revolutionary and therefore would merit an economist’s attention and scrutiny even if it had not been functional. Its apparent functionality and usefulness should further encourage economists to study this marvelous structure.”

Global impact

As mentioned above, Hileman described Bitcoin as an economic miracle, but a “minor” one. However, at this stage in which the market valuation of Bitcoin has surpassed that of major banks at $166 bln and the liquidity of Bitcoin is higher than that of most stock markets, it is difficult to justify any aspect of Bitcoin as “minor.”
Bitcoin has had a major impact on the global financial system over the past eleven months, and it will continue to transform the finance industry at a rapid pace. Already, institutional investors have begun to move into the Bitcoin market. Coinbase CEO Brian Armstrong revealed that approximately $10 bln in institutional money are awaiting to be invested in digital currencies such as Bitcoin.
“Over 100 hedge funds have been created in the past year exclusively to trade digital currency. An even greater number of traditional institutional investors are starting to look at trading digital assets (including family offices, sovereign wealth funds, traditional hedge funds, and more). By some estimates there is $10 bln of institutional money waiting on the sidelines to invest in digital currency today,” wrote Armstrong.

Economic miracle

Naturally, as major hedge funds and large-scale investment banks shift towards Bitcoin, general consumers and casual investors will follow. Then, Bitcoin will no longer be a minor economic miracle but a major one, which will inevitably shape the finance sector in the long-term.

Leading economies like the US, Japan and South Korea have already recognized Bitcoin as a legal currency and store of value, providing regulations to cryptocurrency exchanges, businesses and investors.
As a currency, Hileman also noted that Bitcoin is increasingly being used in the luxury markets, to process or settle large transactions without the expensive and inefficient services of banks.
"If you're only paying a $2 transaction fee on a piece of art that's worth tens of thousands, the fee is basically zero. But if you're paying two or three percent on a piece of art of that value, then the numbers can go up quite a bit,” added Hileman.

Beginner’s Guide to Bitcoin and Faucets

2017-11-29T15:49:00.000+07:00

What is Bitcoin?

Simply put, Bitcoin is digital cash. It is money that can be sent through the internet to and from anywhere in the world where there is an internet connection.
No government, company, person, or group of people controls Bitcoin. Instead, it is controlled and secured by computers distributed around the world. Since no single group controls the protocol, Bitcoin provides a number of advantages and features over other payment systems and currencies.
Unlike a bank account, you don’t need permission to create an account or to send money. Even better, wallets are completely free to setup since they are just applications installed on your computer, phone, or tablet. There are no chargebacks, holds on accounts, or spending limits.
Bitcoin transactions are also fast and cheap. Transactions are transmitted in only a few seconds, and usually confirmed by the network within 15 minutes. It only costs a few cents to send a transaction, no matter how much money is involved in the transfer.
Bitcoin is also great for businesses. There are no chargebacks like with credit cards, since Bitcoin payments cannot be reversed. Merchants accepting bitcoins online can accept payments with the comfort and security of cash, but with the convenience of credit cards.
Unlike traditional currencies, governments, politicians, and policy makers cannot alter Bitcoin’s supply at will. Bitcoin’s supply is fairly distributed through mining and is capped at 21 million bitcoins. Bitcoin is a deflationary currency, which means it is more similar to precious metals like gold and silver.

What is a Bitcoin Wallet?

Bitcoin wallets are much different than traditional bank accounts. In order to understand Bitcoin wallets, we must first understand private keys—secret codes that give you access to spend bitcoins.

In the image above, the code on the left side is a bitcoin address. Let’s say that this address—in this case 18iDfm7QfbtVWG5jWwhEY8YgmzPsi6QYcJ—belongs to Bob. Bob has a friend named Tim who wants to send 1 bitcoin to Bob. Since Bob’s Bitcoin address is public, he just needs to send it to Tim. Once Tim knows Bob’s address, Tim can send him the bitcoins.
Now, how does Bob know that the money Tim sends will be safe and secure? Well, Bob knows that because his private key—the secret code (KzQyd8fLFJHqUGjD8gDdtF7ZSVubxFa4yC9twi2DHNgpgChFswLk ) shown on the left—was not shared with Tim. Instead, Bob kept his private key secured on his computer.
Once the 1 bitcoin that Tim sent Bob has been deposited in 18iDfm7QfbtVWG5jWwhEY8YgmzPsi6QYcJ, only the user or users who control the private key to that address will be able to spend the funds. Since only Bob knows his private key, only he can spend the 1 BTC that Tim sent.
So, think of private keys like the key to your house. Anyone with your private key(s) has access to your bitcoins, just like anyone with the key to your house can easily enter. Just like the key to your house, it is possible to make multiple copies of a private key as backups.
Since you now understand Bitcoin addresses and private keys, it will be much easier to understand Bitcoin wallets.
Bitcoin wallets are just a collection of Bitcoin addresses and private keys. Now, you are probably wondering:
Why we can’t simply reuse the same address over and over again?
You can, but it’s not recommended. The history of each Bitcoin address is publically visible on the Bitcoin blockchain (explained below). Let’s say that Bob accepted Tim’s 1 BTC into the address 18iDfm7QfbtVWG5jWwhEY8YgmzPsi6QYcJ. Bob now wants to accept another 1 BTC from his friend John.
If Bob sends John the 18iDfm7QfbtVWG5jWwhEY8YgmzPsi6QYcJ address, John can now see that Bob has received 1 BTC. John does not necessarily know that Tim sent Bob the money, but John simply knows that Bob received 1 BTC to this address.
Bitcoin wallets prevent the situation mentioned above from happening. Since Bitcoin wallets are software, they can be programmed to automatically use a new address for each transaction. And that is what 99% of them do today. Bitcoin wallets also automatically create new addresses for you, show you your transaction history, and make it easy to accept and send payments in your local currency like the dollar or euro.
Although there are about 100 unique Bitcoin wallets, there are a few that are easy to use and recommended for beginners:

breadwallet: Super simple iOS wallet
Copay: User-friendly wallet for iOS, Android, Windows, Linux, and Windows Phone
Mycelium: Popular wallet for Android
Electrum: One of the most popular and simple wallets for desktop

How to Get a Bitcoin Address from your Wallet

Most Bitcoin wallets make it easy to get an address from your wallet. Often, there is a tab at the bottom that is labeled something like “receive” or “address”. Just click or tap there and you should see a Bitcoin address. Here is an example from the Copay wallet, which looks the same on iPhone, Android, Mac, and Windows.

In this case, 37WA11VJ4K7269pGn1srYQXZa3Kf6zwHR6 is my Bitcoin address. With the Copay wallet, clicking “Generate new address” will create a new address, although some wallets don’t have this feature.

How to Buy and Sell Bitcoins

Buying and selling bitcoins is easy, but can be easier or harder depending on where you live.
One good place to get started is LocalBitcoins.com, which makes it easy to make in person cash trades for bitcoins.
It’s also possible to buy and sell bitcoins online. Coinbase is one of the most popular exchanges, with service in the USA, most of Europe, Canada, and Singapore. At Coinbase you can purchase bitcoins with a credit card, debit card, and bank account, or sell bitcoins to your bank account.
If you already have a payment method in mind, then check out these guides for how to buy bitcoins with PayPal, credit card, or debit card.

How to View Bitcoin Transactions on the Blockchain

What is the blockchain? Simply put, the blockchain is a public ledger of all Bitcoin transactions. Bitcoin nodes, the network of computers that helps secure the network, each hold a copy of the entire Bitcoin blockchain.
The nodes act like a bank in that they don’t allow Bitcoin users to spend money they don’t actually have. Going back to the example above, let’s say Bob tries to spend 2 BTC, even though his address 18iDfm7QfbtVWG5jWwhEY8YgmzPsi6QYcJ only contains 1 BTC. Bob would be able to submit a transaction to the network trying to spend 2 BTC. The nodes and network, however, would reject the transaction. Since the nodes hold a copy of the blockchain, they can easily verify that Bob’s address 18iDfm7QfbtVWG5jWwhEY8YgmzPsi6QYcJ only has 1 BTC. Bob could try many times to spend 2 BTC, but would always fail. Just like it’s impossible to spend $20 in cash if you only have a $10 bill, it’s also impossible to spend more bitcoins than you actually control.
Now that we understand how the blockchain works, how do we leverage it to check transactions and balances? First, open up blockchain.info, which is the world’s largest and most popular block explorer–the name used for a website that lets you browse blockchain data.
You should see something like this:

In the search bar on the right, paste in an address you want to check. In our example, we want to check the balance for this address: 1HYBsLo2RkeH5annrumU9X62n3cbrCEyTb. So we paste it into the search bar and hit enter. You should now see something like this:

This data may seem strange, but is quite easy to understand! Under the Transactions tab, we understand that this address has only been involved with one transaction. In this case, the address has received 1 payment for 1.5499 BTC.
The example above was simple, and in some cases an address may have been used in thousands of transactions. No matter how many transactions, however, it’s easy to check the balance of an address on blockchain.info by taking the above steps and checking the Final Balance tab on the addresses page.

An Eye Around The Crater Batagaika Siberia, Russia

2016-10-26T10:18:00.000+07:00

I want to see Batagaika crater in Siberia, Russia. Google Map provides the results "We could not find batagaika crater" when using a keyword search "Batagaika Crater". Try again repeatedly but Google Map showing the results "Patomskiy Crater".

Then change your search using the key words "Siberia", Google Map shows only the regions of Russia and the countries around it.

Batagaika crater also called or referred to as "the gateway to the underground world", because of its mystical reputation worldwide.

Batagaika crater is sinkholes along the 1 kilometer and has a depth of up to 100 meters. Discovered about 1960, in Siberia, Russia. Each year, the crater Batagaika extends 15 centimeters.

Scientists say the crater Batagaika keep secret the Earth's past as the land that were found there from the age of 200 thousand years ago to uncover the environmental changes that occur during this time.

That confuses me, "Crater Batagaika discovered long enough and famous enough, why can not Google Map showing the location of the crater Batagaika?".

When I tried to search for his own wiggled Earth ball on a Google Map in the surrounding area called Batagaika crater location, I found the appearance of the earth as eye relief.

Having observed continuously and link the stories of craters Batagaika and findings, it appears the word "Yajuj - Majuj" and "Dajjal". It was just a presumption, not something that should be considered. I just wanted to share the findings of the earth in the form of eye relief.

See the video on youtube link, which I recorded using Google Earth Pro applications that have been distributed free of charge by Google.

Nuclear Satan Can Erase New York

2016-10-25T10:32:00.001+07:00

Satan, the mainstay of Russia's nuclear missiles can remove New York for thousands of years.

Issues World War III is currently being surfaced amid a heated relationship between two nuclear powers, the United States (US) and Russia. Red Bear country led by President Vladimir Putin is reported to have started a movement.

Some time ago, President Putin reportedly has asked all officials to bring their families back to Russia. There are also reports that Moscow has transferred its nuclear capable missile, the Iskander to Kaliningrad - Russian pockets in the Baltic Sea.

On the following day, Russia through a submarine in the Barents Sea reportedly launched a new missile, Topol, who claimed to be the fastest in the world. And at the same time Moscow also fired more missiles on an island in the north of the country. It's rated as a preparation for war.

Although not yet could replace the US in the first rank as the country's military budget allocates the largest in the world, but the sophistication of Russian weapons unquestionable.

They have nuclear weapons, dubbed 'Satan' - the nickname given NATO 'or SS-18 and is predicted by one shot only able to' delete 'the East Coast if World War III erupts.

Russia is believed to also have 55 weapons were 'idle'. But experts warn enough with only five of them alone can make the East Coast of America destroyed.

Terrible again, the weapons were even touted able to make atomic bombs dropped on Hiroshima and Nagasaki in World War II 'look' is like 'toy gun'.

As many as four million people will lose their lives if the maximum magnitude Satan fired into the center of New York City.

Former assistant secretary of the finance ministry's economic policy, Paul Craig Roberts, predicts explicitly about Russian apocalyptic attack against the US.

"One nuclear missile Satan can remove three-quarters of New York state region for thousands of years," said Roberts was quoted as saying by the Daily Star, Monday (24/10/2016).

Called Satan missile capable of carrying nuclear warheads with a payload of up to 20,000 kilotons. It's a thousand times more powerful than the bomb dropped on Nagasaki.

With a maximum payload, once hit Satan was able to kill 4.5 million people in New York, injuring 3.6 million people and sent radioactivity could spread beyond a distance of 600 miles.

Satan can also be armed with the power of a small nuclear 10 550 kiloton nuclear where each can be spread across a large area and can hardly be intercepted.

"One Satan can remove three-quarters of New York for thousands of years. While five or six Satan - as is known to the US military - the East Coast will disappear," said Roberts.

Able to penetrate the defense system of NATO.

Economists had warned, would be very easy for the Russians to destroy NATO and trigger a total collapse of the Western alliance.

Based on the FEMA report, the Russian nuclear targets in the East Coast includes a number of areas with large populations such as New York, Philadelphia, Miami, Boston, Jacksonville, and Washington DC.

Fear of a World War III raised after a number of parties warned that the 'global war' could erupt at any time between the US and Russia related to the conflict in Syria.

The US itself continues to increase its nuclear capacity as an attempt to deal with the threat from Russia, China, and North Korea.

While Moscow did the same in which they reportedly preparing a replacement for the SS-18 is much more powerful. NATO called him Satan 2 or RS-28 Sarmatian.

Manager Google Raped and Killed

2016-08-10T09:57:00.000+07:00

Babbling News - Manager Google raped and killed, body was found a week after a sniffer dog incident. | Vanessa Marcotte (27) manager of the company's accountants giant Google was found dead in the area of Woodland, United States, not far from the residence of his mother. the last, farewell Vanessa wants to jog there. The victim allegedly raped before being killed.

Earlier, Vanessa went missing for a week did not go home already. The new bodies were found Monday night bloodhound about half a mile from her mother's home in Princeton, Massachusetts.

Early Josep district attorney said, until now the local authorities have not been able to find the perpetrators as yet know the motive for the killing.

"There are no facts or witnesses to support the investigation. Communities should have cared and helped," he said.

Meanwhile, Police Chief Michele Powers Woodland city asked residents to cooperate by providing the information needed.

Vanessa is a graduate of Boston University and was later known to work at Google. The search engine company also expressed his condolences.

"Vanessa Marcotte is Google a good employee. He worked in the New York office since half a year ago. Personal friendly smile, always helping and loving Boston sports," Google wrote in a statement.

"We are very shocked and sad, and turu mourning for the families left behind," he continued.

ClixSense Mini Guide Strategy

2016-07-26T16:21:00.001+07:00

Best Strategy for $100 daily

100 tips how to increase your referrals

Hi Dear Readers,
I’m writing detailed article about those who have no idea what is clixsense and how to earn free money using this website. I will try give you an honest review about clixsense and try to explain how you can make money online using clixsense. I hope this will be useful article for those who have joined clixsense already and those who want to join clixsense.

Clixsense was PTC site which pay you money for viewing ads. Different firms pay clixsense to place their advertisements on clixsense website. Through this system all three parties (advertisers, clixsense and users) are ensured to benefit. There are many websites that are functioning on same principle but most of them simply pull money from workers and go with wind. SCAMers Bux.to, Neobux, ptcircle, adshow, etc.

With the time clixsense has evolved and introduced more options of earning along with advertisements now you can earn by filling out survey, tasks, clixgrid etc. This distinguishes clixsense from other PTC sites

With contrast to other sites clixsense is working since February 2007 and paying smoothly to its users. It has efficient customer support, and very impressive and stable business model. Since its date of starting operation no one has payment issue with clixsense. No one can claim his amount not paid by clixsense. I recommend you to personally search Google for reviews about clixsense.

Registration

You can simply register by clicking here and filling the sign up form, you’ll receive a confirmation link in your given email and you have to verify by clicking. Then simply complete your profile and start working online as explained in the coming paragraphs.

Registration is completely free and requires no investment at any stage.

HOW TO EARN ON CLIXSENSE

There are diverse ways of making money on clixsense and I’m writing all of those for you here.

Viewing Ads

By viewing ads as shown in image below you can earn. Within just few minutes you can check all ads and get money for it. Each ad is for 3 seconds to maximum 60 seconds. Amount for each kind of ads is different depending on time of ad.

When you click an ad a new website opens in new tab of your internet browser you’ll have to click on cat photo (Captcha Verification). This ad timer will run for few seconds and you’ll be notified that you’re credited for it. You can close it now and move to next.

Completing Tasks

This is one of most lucrative way to earn money on clixsense as there is large amount of work available and you can earn considerably more than viewing ads. The tasks are small online jobs related are of various types like comparing sites, moderating explicit images, completing surveys, academic research surveys, creating keywords etc. You earning comes instantly to your clixsense account and you don’t have to wait for it. These tasks are offered by crowdflower on different platforms but clixsense is best platform to do tasks. So on clixsense you can earn money by doings small online jobs too and earn considerably more than just viewing advertisements.

Completing Offers

This is third way earning money on clixsense. This is very simple way to earn easy money by just checking out offers. There are number of offer providers on clixsense offer page. In offer you can earn by downloading apps, viewing videos, listening to radio etc. You should check offers manually on daily basis so that you may not miss any offer.

Clixgrid

This is like a lottery. You can win daily up to $10 by trying your luck on clixsense. You are given 30 chances (60 for premium members) to click on boxes of clixgrid. You can see image below to have idea about how clixgrid looks. Each box is linked to advertiser’s website which you have to see for 10 seconds (5 seconds for premium members) and when timer ends you’re notified that you won or not. The pictures on clixgrid are changed on every click (unless you lock you favorite picture) which is cool.

This is game of chance and probabilities so the more you try the more are chance that you win. I have won many times on clixgrid.

Referring others

This is one best thing on clixsense. You are paid 5 to 10 percent commission daily on your referrals earnings on clixgrid, ads, offers, tasks, online jobs, purchase of ad credits and clixgrid links. If are premium member you can get commission from 7 levels below your affiliate tree. You also get $0.50 or $1.00 (for premium membership) when your direct referral earns $10 or $5 respective to your membership type. See detailed chart of affiliate earning below.

Promote your referral link on these sites, is free!

If you upgrade to premium account (costs only $17 for whole year) there is no limit on how much you can earn. Unlike standard members who will get commission from just direct referrals they recruit, you’ll get be given commission from 8 levels of your down-line. The earning potential literally becomes unlimited with these multiple streams of income. When your direct referral upgrades to premium you are instantly awarded $2 commission ($1.00 for standard members) and up to 8 levels in your down-line (indirect referrals) you get $1.00 on their upgrade (only for premium membership).

Promote your referral link with these sites, its free!

Upgrading

By upgrading your account to premium membership you can boost you revenue from all ways discussed above including affiliate earning. Unlike many other site which offers costly memberships clixsense premium membership is just $17 for whole year which is less than $1.5 a month. But no one is making you to buy this, you can work free of charge and If you find it worth buying you can buy it. No extra work is given to premium members. It is just for boosting commissions, more clixgrid chances and more affiliate income.

Daily Checklist

This is a bonus income. You don’t have to do any special work for getting this bonus. You just have to complete check list which includes 6 ads daily, one visit to forum, 10 tasks or 5 tasks and 1 offer or 2 offers and 20 clixgrid clicks. You will get 5 to 12 percent (Depending upon membership type) bonus of your daily income by doing so. If you install clixadon tool bar which is very useful to keep you aware of quantity of work available to you every time. This is very useful toolbar and this doesn’t spam or show you any advertisement. You will get 1 to 2 % (depending upon membership type) extra bonus and doing this for three consecutive days make you earn 1 to 4 percent of extra bonus (depending upon membership type). So this all ads to max 16% daily commission for premium members that is 1 extra dollar on every 6 dollars.

End Notes

I want my readers to note that this website is by no means exclusively pyramidal system or Ponzi scheme because you know that there are many ways of earning other then refereeing others. And this system has not collapsed since February 2007 and by paying regularly it is going stable throughout. I recommend you to search on internet about this site by your own.

ClixSense Register HERE

100 WAYS TO PROMOTE YOUR SITE

Post on GPT forums.
Tell friends and family.
Use dot.tk to change your referral link completely.
Door-hang around neighborhoods.
Walk through parking lots putting flyers on cars.
Write a blog.
Keep your referral link on your Sig. on all forums with a brief explanation.
Find chat rooms and groups that have the sole purpose of “Easy Money Making”
Write a classified ad.
Talk to students at high schools and colleges.
Put a flyer up at work.
Advertise while you drive with flags, bumper stickers, etc.
Post your link at the end of your YouTube videos.
Attach a .txt in an RAR file with that you can upload with your referral link.
Give flyers for local businesses to hand out.
Send out flyers in a mailing list (ex.: http://www.usdatafax.com/)
Get a bot/macro to post your link with a simple explanation on any server you may be hosting/running
Make a website.
Tell people thru IM/PM
Link-Exchange
Paid advertising on other people’s websites
Advertise on on-line games.
Print business cards and include your phone number to enter into business drawings (like you find in a lot of restaurants)
Buy “paid to sign up” at other GPT sites
Buy an expired domain with traffic and “redirect” to your referral link ex: www.realstat.info
Buy banner space. Impression in high PR forums/groups.
Buy text links on blogs/forums/groups
Offer cash or other incentives for sign-ups
Add your ref. link or website to a filename of an mp3, video, or program and share it over a file-sharing network like Bear Share or a torrent program.
Free traffic exchanges
Paid traffic exchanges
Google Adwords (makes website ads that link to your website or ref. link)
Mention that you get paid in US funds
Rent a billboard (Approx. $8-$15 per day)
Get a tattoo with your referral link on it
Go door-to-door and ask in person
Add your site/blog to digg, stumble upon, Bumpzee, del.icio.us, etc
Have a friend or network digg your site/blog to digg, stumble, etc
Get a custom made shirt with advertisement on the front and/or back
Radio advertisement for your referral link or website.
Set up an info-kiosk in front of your local store or empty lot.
Attach your referral link in your email address or sig.
Road-side signs & banners
Have people sign up through CashCrate in order to play a fun online-game.
Optimize your website for excellent search engine ranking.
Add regular content to your site or blog. Keep it updated with new info.
On your banner/images, use the “alt tag” with either your webpage/blog or “keyword”. Search engines can index/spider images, so adding the “alt tag” helps “define” the image!
Put a cheap ad in your local penny saver or thrifty nickel in the help wanted or employment section
Make a fake wallet out of fabric and put fake money in it with your ref link or website written all over it.
www.stormpay.com - For a fee, they will send targeted, unique visitors to your page.
Put up an advertisement that says “free money”.
Put an E-book up for auction on Ebay with your blog or other website info in it.
Before shipping eBay items, put an ad with your ref. link in the box.
Send email to all your contacts, and tell them to join with your referral link.
Tell people at school
Send your MySpace, Friendster, Facebook friends a message with your ref. link.
Guild members and online friends.
Make a sign to put on a row of shared mailboxes www.reftraders.com
Sign up for a virtual business card. www.entrecard.com and list your blog under the money making forum.
Once you sign up, visit other money making blogs and drop your card on their site.
Build a huge MySpace friends list and dedicate the profile to your blog or website.
Place business cards with your referral link in shopping carts.
Put up a flyer that has your ref. link with tear off tabs on store bulletin boards.
Go to the library and place business cards with referral links in books about financing, debt, home businesses, etc.
Place business cards with referral link in public restrooms.
Place your referral link on counterstrike.
Text your link to all your friends/family.
Make a tag to your CashCrate link or your blog.
Set your in-game username to a shortened link or your referral link.
Hold up a sign on a street corner just like a car wash.
Write a song about it
Put your URL in your PS3’s comment.
Point out that this is not a scam such as “free to sign up”, post testimonials, or “doesn’t require confidential information such as credit cards, bank account, or social security info.
Register to www.getref.com where you can earn referrals.
Print off fake/dummy checks and leave them at heavily populated places. Make it out to Uncle Sam for $23,000, sign it, and just below the dollar amount, put in case this check is found, please visit www.”yourwebsite”.com.
The idea is that if you have ever lost Money you can make it back at this website: http://www.ccsinternet.org/
Hold a raffle drawing for a cheap product and give out raffle tickets with your ref link or website on it.
Advertise on Craigslist
Have a pilot write your ref. link in the sky with his plane.
Put business cards in the credit card slots at gas stations.
Make business card coupons with your website or ref. link and leave at different stores with a Take One – Free sign.
Buy a pack of blank CD’s and burn a run file of your website or a notepad file with a copy of your blog or ref link.
Print free business cards at Vistaprint.com
Get pencils, paper, pens, magnets, etc printed with your link on them and “leave” them lying around. (Free at VistaPrint.com).
Start up a free online game site full of free java and flash games and embed your banner into the top of each game.
Paint your referral link on your car and go on a road trip across America.
Put the link on your msn name.
Pass out cards at a trade show.
Write your link on the back of a restaurant paper placemat.
Threaten people to sign up
Tell them if they sign up, and use the forums, they can see a dancing banana!
Get a rubber stamp and stamp your ref. link or website on envelopes that you use to mail bills.
Offer to help find their first referrals after signing up under you.
Write an article.
Paint your referral link on the street
“Brand” yourself with a familiar name on forums, articles, etc.
Reserve a booth at the next festival or fair and set up a wireless laptop for demos.
Cross-link your website, blogs, articles, posts, and classifieds.
Get custom-made ink-filled shoes with your ref. link embedded on the bottom so everywhere you walk, it acts like a pen and stamps your link everywhere!
Open a store with your website name or ref. link!

ClixSense Ultimate Income

2016-07-26T14:40:00.001+07:00

Looking to earn extra cash online?

Join our dedicated community for free now and start earning cash for your online activities, including:

Visiting Websites	Paid Surveys
Free Offers	Micro Tasks
Playing ClixGrid	Contests
Shopping Online	Referring Others

Earn Money

Member Benefits

• Browser Toolbar With Instant Notification of New Ads Available
• Earn Up To $0.02 Per PTC Ad Click and Up To $0.008 Per Referral Click
• Earn Even More With Our Affiliate Program
• Payments Via Check, PayPal and PayToo
• Win ClixGrid Daily Prizes and Participation in Weekly Contests
• Unlimited Direct Referrals and Guaranteed PTC Ads Daily

Multiple Income Streams


	PTC Ad Clicks

	Referral Signups

	Advertising Sales

	Premium Membership Upgrades

	CrowdFlower Tasks

	ClixSense Offers

Refer Others And Multiply Your Earnings!
ClixSense offers one of the most lucrative affiliate programs online.
Not only are you compensated for referring others you also get commissions whenever your direct referrals click on Paid-to-Click Ads, purchase advertising, complete simple tasks and offers, and whenever they or their referrals upgrade to Premium through 8 levels! With multiple streams of income your earnings potential is unlimited.
Commissions for Premium members are substantially higher than Standard members - upgrade your account to Premium and multiply your earnings today!

Read ClixSense Strategy

NeoBux Strategy - How to Earn $20, $50, $100 a Day

2016-07-26T14:29:00.002+07:00

NeoBux Strategy

And now to the most important part on your way to success and income with NeoBux! Strategy and how to build towards a decent daily income!

Below are a few strategies. There are so many sites offering strategies and tips (just google "NeoBux Strategy", you'll see!) I am just going to show you a couple of different versions.

Personally, I jumped in and invested about $100 to get started, but as you will see below, you can get started with absolutely NOTHING out of pocket! You can use your earnings from ad clicking to build your referral team, you need never spend a dime out of pocket to make this happen!

Earn with NO COST

What I am about to show you is a way to build your earnings to $50 bucks a day without spending a nickel. No hype, no fluff and at most 15 minutes a day.

$50+ Per Day NeoBux Strategy Guide : No Investments Needed!

This Strategy Guide will teach you how to make REAL money with NeoBux, without paying them a thing. The only catch is you won't be making $50/day right off the bat. You will be making a few cents when you first start.

The name of the game is called PATIENCE.

Now, with this method, I haven't invested any money to earn money. If you have money to invest, by all means, do it and you'll see results faster than mine. The key to making money on NeoBux is through referrals. It's simple, if you don't have referrals, you won't make money.

You can rent referrals directly from NeoBux.

The referrals are real people (NOT BOTS) and cost 25 cents a month each. Some will be active and some won't. To recycle a non-active referral for an active one you have to pay 7 cents.
It may seem like a lot, but it's worth it. If you don't recycle inactive referrals, you will lose money.

First thing to do is Sign Up For NeoBux Here!

Step 1:
Start clicking your ads every day. When you reach 75 cents by clicking on your own ads (if you don't invest money) you are able to rent 3 referrals. (BUT DO NOT RENT REFS YET!). It takes a few days to earn the 75 cents on your own and people are so eager to rent referrals that they just purchase as soon as their account reaches 75 cents. When people do this they do not realize that they do not have enough money to maintain their rented referrals and their referrals eventually are taken away because they can't pay for them.

Step 2:
Ok so before you rent referrals you should earn $3 by clicking on your ads (Or You Can Invest For Quickness) and then transfer it to your rental balance. This way you have $1 per referral and you will easily be able to recycle them if they are not active or pay to keep them for one more month. It will take a while to get $3 on your own, but this way you will be able to keep your referrals and exchange the inactive ones for active ones without the fear that you will not be able to pay for them.

Step 3:
Once you have your $3 in your rental balance rent 3 referrals. Auto pay is another must. As soon as you rent your first 3 referrals turn Auto pay on (you will find this on the page below where your referrals are listed). Referrals cost 25 cents a month to keep. Instead of you paying for the referral, they pay for themselves as long as you have Auto pay turned on. What it does is subtract one of the advertisements your referral views each day and puts it towards the 25 cents that referral needs to stick around for another month. So you get one less penny from each referral, but they will be your referral as long as they are active.

Step 4:
Cashing out too early is a huge problem for people that use NeoBux. When you request a payment it is INSTANTLY transferred into your AlertPay / Paypal account. In order to see if NeoBux is indeed legit (which it is) many people will earn $2 by clicking and then cash it out. Woo-hoo. You now have a TWO WHOLE DOLLARS in your Paypal account. Those dollars should have been put towards renting referrals. With this strategy you will be putting $3 into your rental balance before you rent 3 referrals.

So $1 per referral. I actually did not cash out until I started reaching +1000 refs. Keep renting referrals by increments of 3 (you can rent by higher increments later as your referrals make you more money) and continue until you have 300 referrals. This will take quite some time. This is where most people flake out. When you reach 300 referrals, stop renting referrals and just maintain the ones you already have.

Keep doing this until the money builds up to about $100 and you can use $90 of it to pay for a Golden upgrade.

$100 won't take very long at all to get once you have 300 referrals and once you upgrade to golden your earnings will DOUBLE. This is the great part. Golden costs $90 a year but instead of getting half a cent for every advertisement your referral views, you get 1 cent. Your earnings double. That's all there is to it.

Keep renting new referrals after you upgrade to golden and don't cash out. Remember, you haven't cashed out at all, and you shouldn't until you have 2000 referrals.

But when you do cash out, you will be able to cash out about $50 a day. And that's the end of the strategy.

It will also help you in your NeoBux adventure to get direct referrals, after 30 days with the use of a referral link they will give you.

It may seem to start off slow at first but it is only 5 minutes a day till you start to get your account built up.

Once you start renting referrals things start to get exciting. Watch your referrals closely. No clicks for three days when you first rent them, recycle them for new ones.

Watch your referral averages and their last sign ins. Keep all referrals that have an average of over 1.

-----------------------

Another Version:

1. Choose a time of day that you can click ads and eventually manage your referrals at the same time everyday.

2. Click all available ads everyday (when you get referrals this is necessary to earn from referral clicks).

3. Utilize all free methods of advertising to gain any direct referrals (after 30 days). Talk it up with your friends and relatives. Put a tagline on your e-mail signature. Post in forums. Use free traffic exchanges.

4. Once your account balance reaches $3. Transfer this money to your rental balance and rent 3 referrals. It is only $0.90 to rent the referrals but you will need the remainder to properly manage the referrals.

5. Put the autopay function on.

6. If a referral of yours has not clicked today or yesterday and has click average of less than 1.0 then recycle it ($0.07) and get a new referral. If they have a click average of between .3 and 1.0, I will give them 4-5 days before I recycle them. I will give those with an average of over 1.0 seven days to return and click just because I would hate to recycle a great referral just because they were on vacation for a week.

7. Whenever, one of your referrals goes below 20 days before next payment pay to add another 30 days. Below 20 days, the autopay function does not work and you will not get the savings for that referral.

8. Every time your account balance reaches $1 transfer the money to your rental balance. At first when you are only making a couple of cents per day it is important to keep enough in your rental balance to maintain your recycling activity because you can only transfer in $1 increments. Once you can complete this transfer and have at least $2.40 in your rental balance rent another 3 referrals.

9. Continue this process until you are making a $1 a day in your account balance. At this point you can begin renting in bigger chunks of referrals every 7 days.

10. It will take a while but continue the above listed process until you reach 300 referrals. At this point stop renting and just maintain your referrals. Accumulate the earnings until you can pay for the upgrade to golden.

11. Once golden, maintain your referrals as before. Every week continue to rent referrals until you hit the 2000 refs mark. Any money that you are not sinking into referral maintenance or renting is profit for you.

This is the way I manage my account and I have had really good results. The aggressive recycling is very key.

-----------------------

And yet another version

1) DON'T BE AFRAID TO SPEND MONEY

When I first started I looked at this as a way to make money without an investment. That's great and all if you're a patient person. I'm one of the many that can't wait. I spent 60 bucks in the first month. This got me 250 rented referrals.

2) MAINTAINING RENTED REFERRALS
Rented referrals is where the money's at on Neobux. The best thing to do is ride on the rented referrals. To do this you must keep them. First turn on 'Auto-Renew' and leave it on. Also maintain an active set of referrals. Constantly recycle dead refs. I set the green zone to 1.1 and the yellow starting at .7 This lets you know on the statistics and the rented page whether you're losing money(red), breaking even(yellow), or profiting (green). If a user stops clicking, give them a day or two. Say one of my referrals skips clicking today. Tomorrow their last click will say yesterday. I like to give them another day. Once the last click turns into a actual date, get rid of them. Keep this up.

3) FILTER OUT USERS WITH LOW AVERAGE
Don't do this until you are happy with the number of refs you have for a while. Recycle the users with a red average first. With them on auto-renew, you're losing money. Just mass recycle these users till you have a team of dedicated users. Finally its time to go for gold!

4) BUILD UP FOR GOLD
At this point you should have about 250 members. Keep autopay turned on and check the price of extending your rented refs for 90 days. Check your profit per day and do the math. Once you can afford it, renew the refs for 90 days and disable the autopay. This saves you 20% over time. Then let your money build up. I've heard it can be tough to get rented refs once you hit golden. To prepare for this don't get gold until you have at least 300 rented refs and half are active. You should be able to perform steps 2 and 3 during this time. Golden costs 90 bucks. Get 300 refs and then upgrade. But don't upgrade till you have at least 120 bucks, 30 bucks to work with your refs.

5) CASH OUT
Finally for the good part. Before you cash out, make sure you have enough to rent ALL of your refs for another 90 days. Once you do, keep that much in your rental balance. Anything else is profit. Once the 90 days are nearing an end, renew them. Be sure to overlap this time. A week is probably fine, but don't go too late, otherwise you'll have to rebuild that clicking army. After you've renewed, save up for another 90 days. That way the account maintains itself and u just click your ads every day. I-----------------------

How To Make Money With Neobux a PTC site

How does Neobux work? It works just like any other PTC; You get paid for each advertisement you click. You need to keep the advertisements open for 30 seconds, and you are not allowed to view multiple advertisements at once. Doesn't sound like a lot, huh? Well don't worry, because clicking ads yourself won't get you far. You need to get something called referrals. You can get referrals through someone directly signing up under you, or you can buy referrals from neobux itself.

Starting From Scratch: This is possible but not recommended. Here's why it's not recommended: Click 4+ ads a day reach 3 dollars: $3/(4 x $0.01) = 75 Days to Reach $3 Rent 10 Referrals for $3 Repeat steps until you are at a comfortable Referral level.

Finally, Go GOLDEN!

Analysis: Doing this can take a while but once you have your first 10 referrals, the process gets faster. And when you repeat the process again by renting more referrals, you speed up the process even more. So in essence you're creating an avalanche effect. MORE MONEY !!!

Pros: - No initial Investment Needed
Cons: - Can take a long time Starting with an initial investment

Investment Strategy: This is a strategy personally used by me, and it seems to be working so far.

So here is how it goes: Invest 30+ dollars for 100 Referrals (Referral price goes up 1 dollar after you have over 250 referrals) Repeat this step once every week, for 3 weeks until you get to 300 Referrals (You can only rent once every 7 days, that's why it takes so long.)

Go GOLDEN! (You can either use the money your referrals gain you, your own money, or a combination of the two). When you get the Golden Membership, you will make back all your invested money within a month if you maintain a Referral clicking average of at least 2 ads a day.

Pros: Does not take as long compared to "starting from scratch" method
Cons: A somewhat big initial investment is needed.

Putting Everything into Perspective: Let's say you get to 300 Referrals, and you upgrade to Golden. If your referrals click at least 2 ads a day you will make $210 a month. (500 * 2 * 0.01) - (500 *0.006) = (10) - (3) = $7 Daily Profit = $49 Weekly Profit = $210 Monthly Profit.

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Big Money Strategy
This strategy is for people who want to earn a lot by investing money in Neobox. Follow the steps carefully and start your earnings!

1. Register and create an account.
2. Click all of your ads everyday and every once in a while there will be extra ads for you to click, check in often.
3. Rent 100 referrals, this will cost you $25.
4. Meet the minimum standards so you can upgrade to Golden (Rent at least twice/50 clicks credited/Be a member at least 15 days).
5. Before you go golden, you should have rented another 100 referrals for $25 and that puts you at 200 referrals and you should be golden soon.
6. Upgrade to Golden for $90.
7. Keep renting 100 pack referrals and clicking.
8. As soon as your 30 days is up, start recruiting Direct referrals.
9. Be sure that you maintain an average of 1 in order to make profit.
10. Once you reach 100 clicks credited, pay $890 to upgrade to Ultimate.
11. Buy 300 packs of rented referrals and keep doing this until you reach 4000 referrals.
12. Be sure to maintain your referrals and keep AutoPay on. If you do not have AutoPay on, extend your referrals for 90 days which will give you a 20% discount.
13. Slowly cash out your money every week and you should get your investment back in around 3 months.
14. After that, everything is pure profit for you and an Ultimate with 4000 referrals can make over $500/month profit.

See this success story from NeoBux Forum: $2500 a month pure profit!

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Earn Money with Neobux's Zero Investment Strategy

Step 1. Register and create and account.

Step 2. Click all of your ads everyday and every once in a while there will be extra ads for you to click, so check in often.

Step 3. Earn $2 - $3 through clicking your ads everyday.

Step 4. Transfer the money from your main balance to your rental balance.

Step 5. Rent 3 referrals.

Step 6. Turn on AutoPay on your Rented Referrals page.

Step 7. Maintain your referrals and recycle the ones that have an average below 2 or haven't clicked in 2-3 days.

Step 8. Buy more referrals when you can (This is every 7 days as a standard member).

Step 9. Do NOT cash out any of the money that you gain in your main balance as this is used for buying more referrals and maintaining them.

Step 10. Once you reach 300 referrals, stop renting anymore referrals and just maintain the ones that you have. That means recycle the bad clickers and keep an average of 1.1 at least.

Step 11. Build up your money to about $100 and then upgrade to Golden.

Step 12. Once you get Golden membership, keep renting more referrals and maintaining them. Once you hit 1250 referrals, you can stop renting referrals and just maintain them and start to cash out your money.

As a Standard member, you have to keep an average of 2 in order to make a profit.
As a Golden member, you have to keep an average of 1 in order to make a profit.

You have invested nothing and finally you will have a lot of money in your account, but it takes some time. Just wait and follow the given steps.

See this forum post about what click average you need from your referrals for a profit.

Strategy, strategy, strategy. Just to illustrate that there is no one way to manage your referrals successfully, check out the different strategies from the top money makers in NB. This site has these strategies organized for easier comparison.

READY TO GET STARTED?
Join NEOBUX now!

Thank you for visiting and hopefully choosing me as your sponsor!

Prosperity for all,

Bubbling

NeoBux, The Ultimate Work at Home Business - Instant Payments & $2 Minimum Payout

2016-07-26T14:17:00.001+07:00

The Ultimate Work at Home Business

What is NeoBux?

The only Paid-to-click Service you'll ever need

NeoBux is a free worldwide service available in a multi-language environment.

Our service consists of allowing advertisers to reach thousands of potential customers by displaying their advertisement(s) on our site and users to earn money by viewing those advertisements.

Our users click on the advertiser's advertisement and view it during the amount of time specified by the advertiser.

After viewing the advertisement, the user gets credited with a pre-determined amount of money in their NeoBux account.

You don't need to pay us a thing to start earning. So, register now and start earning money for free!

How much can I earn?

We do the hard work behind the scenes, you get the profits

The amount of money each user earns varies between the user's membership, the type and quantity of advertisements the user has viewed, the number of referrals the user has and the number of advertisements those referrals view.

How exactly do I get paid?

We've made it very simple

The amount we pay you depends on several different factors.
First let's describe the amount you earn per click and for each of your referral's clicks depending on the type of membership you have and the type of the exposed advertisement:

Your clicks	Standard	Golden	Emerald Sapphire	Platinum Diamond	Ultimate
Extended Exposure	$0.015	$0.020	$0.020	$0.020	$0.020
Standard Exposure	$0.010	$0.010	$0.012	$0.015	$0.020
Mini Exposure	$0.005	$0.005	$0.005	$0.005	$0.005
Micro Exposure	$0.001	$0.001	$0.001	$0.001	$0.001
Fixed Advertisements	$0.001	$0.010	$0.012	$0.015	$0.020
Fixed Advertisements	$0.001	$0.001	$0.001	$0.001	$0.001

Commissions from Direct Referrals	Standard	Golden	Emerald Sapphire	Platinum Diamond	Ultimate
Extended Exposure	$0.0050	$0.0100	$0.0100	$0.0100	$0.0100
Standard Exposure	$0.0050	$0.0100	$0.0100	$0.0100	$0.0100
Fixed Advertisements	$0.0005	$0.0050	$0.0100	$0.0100	$0.0100
Coin offers	20%	20%	20%	20%	20%
Mini Jobs offers	12%	12%	12%	12%	12%

Commissions from Rented Referrals	Standard	Golden	Emerald Sapphire	Platinum Diamond	Ultimate
Extended Exposure	$0.0100	$0.0200	$0.0200	$0.0200	$0.0200
Standard Exposure	$0.0050	$0.0100	$0.0100	$0.0100	$0.0100
Fixed Advertisements	$0.0050	$0.0100	$0.0100	$0.0100	$0.0100

Minimum Payout:
The minimum amount paid is $2.00 on the first cashout. This amount will increase by $1.00 for each cashout until it reaches a fixed minimum amount of $10.00. From the amount paid, a fee can be deducted depending on the payment processor you use.

Amount of time for payment processing:
After you request your payment, you'll receive it instantly in your chosen payment processor account unless some kind of technical difficulty is encountered during the process.

What is a referral?

That's what friends are for

A referral is someone who works for you.
Sounds good? Keep on reading:

A referral gets what every other user gets when they click advertisements: Money!
But, if a user that clicks advertisements is your referral, you get money, too!

There are two types of referrals and three ways of getting them:

Direct referrals:
These users registered using your username as their referrer.

Rented referrals:
You rented them.

So, how do you get referrals? Here are the three ways you can do that:

Use our banners:
Show our banner online with a link to NeoBux with your username on that link (you can find the banners with the links in your account). When the visitor clicks that banner, he/she will be sent here.
Then, all he/she has to do is register. We'll take care of the rest for you.

Talk:
Just tell everyone to register at NeoBux and to type your username in the referrer field when they do so.

Rent:
You can rent referrals monthly (30 calendar days) to work for you (this is not slavery... they earn too).
Just go to your account to do so.
The quantity of referrals available will vary depending on how many users registered without a referrer.
You'll only get referrals that have clicked at least 11 advertisements in the past 5 days.

The rental price for each referral per month is:

Referrals	Monthly	AutoPay
0 -> 250	$0.20	$0.0057
251 -> 500	$0.21	$0.0060
501 -> 750	$0.22	$0.0062
751 -> 1000	$0.23	$0.0065
1001 -> 1250	$0.24	$0.0068
1251 -> 1500	$0.25	$0.0071
1501 -> 1750	$0.26	$0.0074
more than 1750	$0.27	$0.0077

The renewal price is always based on the rental prices shown above and you can benefit from the following discounts depending on the renewal period you choose:

AutoPay	15 days	30 days	60 days	90 days	150 days	240 days
15%	0%	5%	10%	18%	25%	30%

The number of rented referrals that each user can have is relative to his/her type of membership/pack as follows:

Standard	Golden	Emerald	Platinum	Sapphire	Diamond	Ultimate
300	2000	2000	2000	2500	3000	4000

NOTE:

Members with an Ultimate Pack can use the rental queue
after the normal rental limitations.
In this case each referral will have a cost of $0.60 plus an
additional $0.01 for each 100 referrals that the
user has above the limit to a maximum of $2.40.
This increased amount is only for rentals and not for extensions.

Pay daily using AutoPay:
You can activate AutoPay to extend your referrals' next payment date.
On the first click each referral makes per day, you'll pay to keep him/her for an extra day.
This is a fast, easy and inexpensive way to keep your referrals.
Also, you'll save 15%.

Recycle your referrals:
You can recycle each referral any time you want to.
Is your referral inactive or just clicks a few advertisements per day?
No problem!
For just $0.07 you can replace him/her with a new active referral.

So, what are you waiting for?

Can someone click for me?

All they need is a mouse and a computer

Yes, we allow any living creature to click for you.
So, if you have a dog, you can start training it (we would love to see the video)!

If you think that a program that automatically clicks is a living creature, then you have a twisted notion of reality.

If you use that type of programs:
You'll be treated as a cheater.
You'll be banned.
We can't be friends.

What about my family?

Because family is very important

Everyone in your household can join NeoBux (even your mother-in-law)!

There is a catch, though... Only one user per internet connection is allowed to view advertisements in 24 hours and only one account per computer.
This means, that if everyone in your house uses their account in the same day, only the first one can earn by clicking the advertisements. To allow another user to click advertisements, he or she will have to wait 24 hours.
But everyone can login to check their accounts or post on the forum, for example.

So, in short, to click advertisements and get paid, only one user per internet connection in 24 hours and only one account per computer.

Don't do that at school, work or by using some kind of Proxy or VPN because usually the IP is the same for every Internet user and the computers may be accessed by other accounts.

Read NeoBux Strategy

Young women who stripped naked in snow for 'fun' are sacked from department store

2015-04-10T11:29:00.000+07:00

Young women who stripped naked in snow for 'fun' are sacked from department store.

Nude pictures of budding models Alina Zotova and Lika Ignatyeva went viral after they bared all during a photoshoot in freezing conditions.

These two women were sacked from their jobs at a department store after pictures of them naked and holding hands in the snow went viral.

During their lunch break, aspiring models Alina Zotova, 23, and Lika Ignatyeva, 24, went onto the streets of Khabarovsk in Russia with photographer pal Dimitry Kulishenko, 30.

But halfway through the photo session the girls decided to strip off completely.

Shocked shopper Inga Kuznetsova, 45, said: "I was just coming out of the grocers when I saw these two girls parading around in the snow.

"They were laughing and giggling and there was a man taking photos of them.

"I thought they must be on drugs because it clearly wasn’t a professional shoot."

As crowds gathered round to watch the bizarre sight and take their own snaps, police turned up to tell the girls to cover up.

A police spokesman said: "Officers instructed the girls to put their clothes on and fined them £5 for disturbing the peace.

"The photographer was allowed to go on his way as he hadn’t done anything wrong."

But photos of the session soon went viral and it was not long before the girls’ boss at the department store where they worked saw them.

A store spokesman said: "The pair were called in to explain their actions and were then dismissed for bringing shame to the city and to Russia."

Devastated Alina said: "It was only a bit of fun.

"I don’t know how we’ll get another job now as the photos are everywhere."