Announcing BTCGigs: A New Bitcoin and Micro Job Marketplace
There’s a new innovation in the Bitcoin world coming to the Internet. It is a new Bitcoin marketplace called BTCGigs and it’s the next up-and-coming way to make money online and earn bitcoins. At BTCGigs, you post a job or service and get paid in bitcoins. Alternately, you can buy a physical item with the additional cost of a shipping fee. You can only pay in bitcoins. Buyers deposit Bitcoins into an account, which is then switched over to Site currency (USD). This is done to due to the price swings in Bitcoin and keeps a fair marketplace. This new Bitcoin marketplace is similar to other marketplaces, yet totally unique. The site is still in the infancy stage, but already you can see several services that people are advertising. This type of marketplace is an innovative way to get the online services you need at a price you can afford. Bitcoin micro jobs are services or gigs, such as adding bots to your website, or building you back links on your website, which anyone can post. The best micro jobs to list are the types of jobs that most people are looking for online. BTCGigs uses a secure off site payment processor, making it easy and secure to use. This is a great way for anyone to earn bitcoins. You can just put up a gig – something that you can easily do on the Internet – and wait for people to buy your job. You can also post a Bitcoin gig that is a physical job that will produce an actual product that you send to the buyer. There is never a fee to post your job and only a small fee to post your gig as a featured item. You are your own boss and can advertise your job the way you want to, the more micro jobs you list and sell means the more bitcoins you can put in your pocket. Bitcoin micro jobs are the wave of the future, and BTCGigs is off to a good start by being one of the first in its field. You can visit the Bitcoin marketplace at http://BTCGigs.com
BTCGigs The Best Bitcoin Based Micro Job MarketPlace
There’s a new innovation in the Bitcoin world coming to the Internet. It is a new Bitcoin marketplace called BTCGigs and it’s the next up-and-coming way to make money online and earn bitcoins. At BTCGigs, you post a job or service and get paid in bitcoins. Alternately, you can buy a physical item with the additional cost of a shipping fee. You can only pay in bitcoins. Buyers deposit Bitcoins into an account, which is then switched over to Site currency (USD). This is done to due to the price swings in Bitcoin and keeps a fair marketplace. This new Bitcoin marketplace is similar to other marketplaces, yet totally unique. The site is still in the infancy stage, but already you can see several services that people are advertising. This type of marketplace is an innovative way to get the online services you need at a price you can afford. Bitcoin micro jobs are services or gigs, such as adding bots to your website, or building you back links on your website, which anyone can post. The best micro jobs to list are the types of jobs that most people are looking for online. BTCGigs uses a secure off site payment processor, making it easy and secure to use. This is a great way for anyone to earn bitcoins. You can just put up a gig – something that you can easily do on the Internet – and wait for people to buy your job. You can also post a Bitcoin gig that is a physical job that will produce an actual product that you send to the buyer. There is never a fee to post your job and only a small fee to post your gig as a featured item. You are your own boss and can advertise your job the way you want to, the more micro jobs you list and sell means the more bitcoins you can put in your pocket. The Easiest way to earn Bitcoins is here http://BTCGigs.com provides the World’s Best Bitcoin Micro Job MarketPlace. Anyone can start earning Bitcoins with just a few clicks; All Listings are Free and Featured listings are very low cost! With all the benefits of Bitcoin, Right Now is the best time to get into Bitcoins! You don’t need any complicated computer rigs, experience trading coins, or Worries about buying Bitcoins. The only thing you need is a product or service to sell. Get Started Now! We are sure this is one of the easiest ways to Earn Bitcoins!
02-26 18:24 - 'BTC Micro Jobs' (self.Bitcoin) by /u/germanmoreno17 removed from /r/Bitcoin within 1217-1227min
''' For all the people who like to work online looking for extra income, here I leave this new crowdsourcing page, all payments both deposit and withdrawal are in Bitcoin [[link]2 ''' BTC Micro Jobs Go1dfish undelete link unreddit undelete link Author: germanmoreno17 1: btcmi*ro**bs.c*m 2: bt*micr**ob**com]^^1 Unknown links are censored to prevent spreading illicit content.
https://BTCGigs.com The Best Bitcoin Micro Job Marketplace Alright so you've found this article on the net. Perhaps you are intrigued by the title or just want to know what a BTCGigs is exactly. BTCGigs is the internet's premier Bitcoin Marketplace. Have you ever heard or used sites such as eBay, fiverr, or amazon to buy and sell items? More than likely you have and that is exactly what BTCGigs with the exception of Payments. On BTCGigs.com you can only Buy and Sell items with Bitcoins; it's the Bitcoin Marketplace. Don't know what a Bitcoin is? Bitcoins are essentially a form of digital or online currency; they are becoming more popular everyday across the world! More information about bitcoins can be found on bitcoin.org. Why Use BTCGigs? There Are many reasons to sign up and post a new job on the Bitcoin marketplace. One the biggest reason is the ability to sell your items or services for Bitcoin instead of cash or PayPal. Another benefit is the ability to list whatever you want as long as it's legal where you live. Yet another benefit of using BTCGigs; No Chargebacks! No chargebacks? Because of the way Bitcoin functions no one can cancel a transaction or payment once work is completed. Ever sold an item on eBay or fiverr and completed the all the work you specified only to have the "Buyer" cancel the payment from PayPal? That won't happen on BTCGigs; we don't allow chargebacks. Does this mean that "Sellers" will be able to rip customers off? Absolutely not! All transaction and jobs are tracked on BTCGigs; if the Seller does NOT provide the service or item being sold, you will receive a refund. Fees: Like most marketplaces BTCGigs charges a fee for all items sold; However unlike most marketplaces the fees are extremely low. While most other sites will charge you 20%, 25%, 30% or more in total fees; BTCGigs charges only 10%. We feel that 10% is a small percent when compared to other services; It will mainly cover the costs of running and upgrading the site. We also offer Featured Job listing for only $1. Sellers: Anyone can join BTCGigs; it’s completely free to sign up and Post. Please be as accurate as possible when describing your items or service. Images and Videos always help show your work. If you item need to be shipped you are required to provide a tracking number! If no tracking number is provided the item can be proven delivered and may result in refund for the buyer. Make sure that what you are selling is LEGAL; we are not silk road and do not endorse or Condon any items of that nature. When selling items you are listing in $USD amount; and your account Balances will reflect $USD. When you reach the withdraw requirements your $USD account balance is converted at market price and bitcoins are sent to the wallet you specify. Always remember to review our TOS. Buyers: See an item or service you like or wish to buy? It's free to sign up and easy to order! Simply login into your account and click the "Purchase" button selecting extras if preferred. You will be directed to a payment page where you will be informed of where to send your bitcoins to pay for the item. Once payment is made the seller will be informed to start the work. It's that easy! Withdrawals: All withdraws on BTCGigs are done manually; this is done to further enhance security. BTCGigs uses Coin Base, a well-known Bitcoin "bank". However we do not store any funds with coin base. At the current time all amounts of Bitcoin are transferred to a secured cold storage (non internet connected) wallet. Again this helps enhance security. Because of these security implementations we require 24Hrs-48Hrs from initial request to send funds. This is because we will need to transfer cold storage to secure hot wallet. Also at the current time the withdrawal limit is a minimum of $50. We realize this is a high set amount but believe it is necessary; If you are a high level or High rated seller withdrawals can be requested at any time. Again we feel this pre cautions are necessary in order to not only protect BTCGigs but the Buyers and Sellers as well. This leads us to other security on the site. Security: We take security very seriously at BTCGigs! The site is always kept up to date; we check for updates and security issues every day! BTCGigs has appropriate security in place to block all known sql and xss attacks. Furthermore all IPs that do try to maliciously attack BTCGigs are permanently blocked. If the attacks come from known user IPs, The user's account is locked and funds made unavailable. The site is also secured with SSL. Brute-Force login is blocked and after 3 invalid passwords the IP is blocked for 24-72 Hours. If the same IP tries multiple times and is locked out multiple times it will also be blocked permanently. All files uploaded to BTCGigs are scanned with an antivirus and all data is submitted to AV companies; this is done to help catch any malware that has been encrypted to look safe. It is important that if you lose your password you use the password recovery feature! However like all website on the World Wide Web, you must make absolutely sure that your computer is clean of malware and secure. No amount of security can stop someone who has access to or knows your password. Furthermore BTCGigs recommends that you DO NOT use the SAME USER NAME or PASSWORD as any other site! This will help keep your account secure if you are hacked on another site or worst case on BTCGigs! BTCGigs also supports 2FA or two factor authentication. 2FA Provides Yet another level of security and can only be implemented once User has confirmed Account Information. Updates: BTCGigs is still updating the site and improvements are being made to layout and alternative functions like accepting multiple crypto coins. The Most recent updates patched the login from 404 and the implementation of 2FA (Two Factor Authentication) If you have a problem, an idea, or request we would like to hear from you! We want to make BTCGigs the best for everyone! Investment: BTCGigs has its own Bitcoin Mining Hardware! The current Hash rate is displayed on the Homepage. At the time of this posting BTCGigs has 2 Antminer S1 Units. Additional Miners are planned to be purchased when available. While BTCGigs doesn't have the fastest hash rate around; it is one of the only Bitcoin Marketplaces that is backing its service with Miners for Guaranteed Bitcoin Payments.
Micro Bitcoin aims to encourage micro-payments for Bitcoin holders by providing a secure and sustainable open source community and ecosystem of users, developers and miners by means of a hard fork of the Bitcoin blockchain. Looking for a higher level user on BitcoinTalk to create and publish content on BitcoinTalk. Compensation will be in the forked coin, MBC. Apply here: https://crypto.jobs/jobs/bitcointalk-listing-at-micro-bitcoin
Putting $400M of Bitcoin on your company balance sheet
Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots. A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC). Today we'll discuss in excrutiating detail why this is not a good idea. When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust. However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:
Is Bitcoin money?
No. Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves: 1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own. As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get. You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there? 2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile. If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point: 3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away. For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast. On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC While the dollar loses value at a predictible rate, BTC is all over the place, which is bad. One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy. If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due. Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.
BTC has a fixed supply, so these problems are built in
Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense. Having control over supply of your currency is a good thing, as long as it's well run. See here Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well. Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money. Let's look at a classic poorly drawn econ101 graph The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand. Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control. It's also a national security risk... The story of the guy who crashed gold prices in North Africa In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca. He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade. This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.
Currencies are based on trust
Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged? The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president. People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all. It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board. For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government." The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.
BTC is not gold
Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value. How do we know that? Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan. Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well. Some people are puzzled at this: we don't even use gold for much! But it has great properties: First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment. Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials. Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans. It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods. To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that. On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Means of Exchange: if people seriously start using BTC to buy pizzas, then this creates a real demand for the currency to accomplish the short-term exchanges. As we saw previously, I'm not personally sold on this one and it's currently a negligible fraction of overall demand.
Criminal uses: Probably the largest inbuilt advantage of BTC is that it's anonymous, and so a great way to launder money. Hacker gangs use BTC to demand ransom on cryptolocker type attacks because it's a shared way for an honest company to pay and for the criminals to receive money without going to jail.
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.
BTC is really risky
One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds. But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:
A critical software vulnerability is found in the BTC codebase, leading to a possible exploitation.
Xi Jinping decides he's had enough of rich people in China hiding their assets from him and bans BTC.
Some form of bank run takes hold for whatever reason. Because BTC wallets are uninsured, unlike regular banks, this compounds into a Black Tuesday style crash.
Blockchain solutions are fundamentally inefficient
Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science. That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale. The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
BTC was estimated to use as much electricity as Belgium in 2019. It's hard to trace where the BTC mining comes from, but we can assume it has a huge carbon footprint.
A single transactions is necessarily expensive. A single transaction takes as much electricity as 800,000 VISA transactions, or watching 50,000 hours of youtube videos.
There is a large necessary tax on the transaction, since those checking the transaction extract a few BTC from it to be incentivized to do the work of checking it.
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
The following post by TechDoctr is being replicated because the post has been silently greylisted(for 2.8 hours). (It was approved by the mods at: 2017-10-03T19:57:27.000Z) The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/73tkzv The original post's content was as follows:
Would the crypto community be interested in a freelancer website strictly for jobs in crypto only being paid in said currency? Basically a fivver but only with bitcoin, ether..etc
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