Imagine if there was one desk that all stories could cross so that, at 4am, a media plan could be decided upon and disseminated where all news outlets coordinated to set the goalposts of debate and hyper focused on specific issues to drive a narrative to control how you vote and how you spend money; where Internet shills were given marching orders in tandem to what was shown on television, printed in newspapers and spread throughout articles on the World Wide Web. https://i.imgur.com/Elnci0M.png In the past, we had Operation Mockingbird, where the program was supremely confident that it could control stories around the world, even in instructions to cover up any story about a possible “Yeti” sighting, should it turn out they were real. https://i.imgur.com/121LXqy.png If, in 1959, the government was confident in its ability to control a story about a Yeti, then what is their level of confidence in controlling stories, today? https://i.imgur.com/jQFVYew.png https://i.imgur.com/ZKMYGJj.png In fact, we have a recent example of a situation similar to the Yeti. When Bill Clinton and Loretta Lynch met on the TARMAC to spike the Hillary email investigation, the FBI was so confident it wasn’t them, that their entire focus was finding the leaker, starting with searching within the local PD. We have documentation that demonstrates the state of mind of the confidence the upper levels of the FBI have when dealing with the media. https://i.imgur.com/IbjDOkI.png https://i.imgur.com/NH86ozU.png The marriage between mainstream media and government is a literal one and this arrangement is perfectly legal. https://i.imgur.com/OAd4vpf.png But, this problem extends far beyond politics; the private sector, the scientific community, even advice forums are shilled heavily. People are paid to cause anxiety, recommend people break up and otherwise sow depression and nervousness. This is due to a correlating force that employs “systems psychodynamics”, focusing on “tension centered” strategies to create “organizational paradoxes” by targeting people’s basic assumptions about the world around them to create division and provide distraction. https://i.imgur.com/6OEWYFN.png https://i.imgur.com/iG4sdD4.png https://i.imgur.com/e89Rx6B.png https://i.imgur.com/uotm9Cg.png https://i.imgur.com/74wt9tD.png In this day and age, it is even easier to manage these concepts and push a controlled narrative from a central figure than it has ever been. Allen & Co is a “boutique investment firm” that managed the merger between Disney and Fox and operates as an overseeing force for nearly all media and Internet shill armies, while having it’s fingers in sports, social media, video games, health insurance, etc. https://i.imgur.com/zlpBh3c.png https://i.imgur.com/e5ZvFFJ.png Former director of the CIA and Paul Brennan’s former superior George Tenet, holds the reigns of Allen & Co. The cast of characters involves a lot of the usual suspects. https://i.imgur.com/3OlrX7G.png
In 1973, Allen & Company bought a stake in Columbia Pictures. When the business was sold in 1982 to Coca-Cola, it netted a significant profit. Since then, Herbert Allen, Jr. has had a place on Coca-Cola's board of directors. Since its founding in 1982, the Allen & Company Sun Valley Conference has regularly drawn high-profile attendees such as Bill Gates, Warren Buffett, Rupert Murdoch, Barry Diller, Michael Eisner, Oprah Winfrey, Robert Johnson, Andy Grove, Richard Parsons, and Donald Keough. Allen & Co. was one of ten underwriters for the Google initial public offering in 2004. In 2007, Allen was sole advisor to Activision in its $18 billion merger with Vivendi Games. In 2011, the New York Mets hired Allen & Co. to sell a minority stake of the team. That deal later fell apart. In November 2013, Allen & Co. was one of seven underwriters on the initial public offering of Twitter. Allen & Co. was the adviser of Facebook in its $19 billion acquisition of WhatsApp in February 2014. In 2015, Allen & Co. was the advisor to Time Warner in its $80 billion 2015 merger with Charter Communications, AOL in its acquisition by Verizon, Centene Corporation in its $6.8 billion acquisition of Health Net, and eBay in its separation from PayPal. In 2016, Allen & Co was the lead advisor to Time Warner in its $108 billion acquisition by AT&T, LinkedIn for its merger talks with Microsoft, Walmart in its $3.3 billion purchase of Jet.com, and Verizon in its $4.8 billion acquisition of Yahoo!. In 2017, Allen & Co. was the advisor to Chewy.com in PetSmart’s $3.35 billion purchase of the online retailer.
Previous conference guests have included Bill and Melinda Gates, Warren and Susan Buffett, Tony Blair, Google founders Larry Page and Sergey Brin, Allen alumnus and former Philippine Senator Mar Roxas, Google Chairman Eric Schmidt, Quicken Loans Founder & Chairman Dan Gilbert, Yahoo! co-founder Jerry Yang, financier George Soros, Facebook founder Mark Zuckerberg, Media Mogul Rupert Murdoch, eBay CEO Meg Whitman, BET founder Robert Johnson, Time Warner Chairman Richard Parsons, Nike founder and chairman Phil Knight, Dell founder and CEO Michael Dell, NBA player LeBron James, Professor and Entrepreneur Sebastian Thrun, Governor Chris Christie, entertainer Dan Chandler, Katharine Graham of The Washington Post, Diane Sawyer, InterActiveCorp Chairman Barry Diller, Linkedin co-founder Reid Hoffman, entrepreneur Wences Casares, EXOR and FCA Chairman John Elkann, Sandro Salsano from Salsano Group, and Washington Post CEO Donald E. Graham, Ivanka Trump and Jared Kushner, and Oprah Winfrey.
https://i.imgur.com/VZ0OtFa.png George Tenet, with the reigns of Allen & Co in his hands, is able to single-handedly steer the entire Mockingbird apparatus from cable television to video games to Internet shills from a singular location determining the spectrum of allowable debate. Not only are they able to target people’s conscious psychology, they can target people’s endocrine systems with food and pornography; where people are unaware, on a conscious level, of how their moods and behavior are being manipulated. https://i.imgur.com/mA3MzTB.png
"The problem with George Tenet is that he doesn't seem to care to get his facts straight. He is not meticulous. He is willing to make up stories that suit his purposes and to suppress information that does not." "Sadly but fittingly, 'At the Center of the Storm' is likely to remind us that sometimes what lies at the center of a storm is a deafening silence."
https://i.imgur.com/YHMJnnP.png Tenet joined President-elect Bill Clinton's national security transition team in November 1992. Clinton appointed Tenet Senior Director for Intelligence Programs at the National Security Council, where he served from 1993 to 1995. Tenet was appointed Deputy Director of Central Intelligence in July 1995. Tenet held the position as the DCI from July 1997 to July 2004. Citing "personal reasons," Tenet submitted his resignation to President Bush on June 3, 2004. Tenet said his resignation "was a personal decision and had only one basis—in fact, the well-being of my wonderful family—nothing more and nothing less. In February 2008, he became a managing director at investment bank Allen & Company. https://i.imgur.com/JnGHqOS.png We have the documentation that demonstrates what these people could possibly be doing with all of these tools of manipulation at their fingertips. The term for it is “covert political action” for which all media put before your eyes is used to serve as a veneer… a reality TV show facade of a darker modus operandum. https://i.imgur.com/vZC4D29.png https://www.cia.gov/library/center-for-the-study-of-intelligence/kent-csi/vol36no3/html/v36i3a05p_0001.htm
It is now clear that we are facing an implacable enemy whose avowed objective is world domination by whatever means and at whatever costs. There are no rules in such a game. Hitherto acceptable norms of human conduct do not apply. If the US is to survive, longstanding American concepts of "fair play" must be reconsidered. We must develop effective espionage and counterespionage services and must learn to subvert, sabotage and destroy our enemies by more clever, more sophisticated means than those used against us. It may become necessary that the American people be made acquainted with, understand and support this fundamentally repugnant philosophy.
Intelligence historian Jeffrey T. Richelson says the S.A. has covered a variety of missions. The group, which recently was reorganized, has had about 200 officers, divided among several groups: the Special Operations Group; the Foreign Training Group, which trains foreign police and intelligence officers; the Propaganda and Political Action Group, which handles disinformation; the Computer Operations Group, which handles information warfare; and the Proprietary Management Staff, which manages whatever companies the CIA sets up as covers for the S.A.
…Those operations we inaugurated in the years 1955-7 are still secret, but, for present purposes, I can say all that’s worth saying about them in a few sentences – after, that is, I offer these few words of wisdom. The ‘perfect’ political action operation is, by definition, uneventful. Nothing ‘happens’ in it. It is a continuing arrangement, neither a process nor a series of actions proceeding at a starting point and ending with a conclusion.
CIA FBI NSA Personnel Active in Scientology: https://i.imgur.com/acu2Eti.png When you consider the number of forces that can be contained within a single “political action group” in the form on a “boutique investment firm,” where all sides of political arguments are predetermined by a selected group of actors who have been planted, compromised or leveraged in some way in order to control the way they spin their message. https://i.imgur.com/tU4MD4S.png The evidence of this coordinated effort is overwhelming and the “consensus” that you see on TV, in sports, in Hollywood, in the news and on the Internet is fabricated.
Under the guise of a fake account a posting is made which looks legitimate and is towards the truth is made - but the critical point is that it has a VERY WEAK PREMISE without substantive proof to back the posting. Once this is done then under alternative fake accounts a very strong position in your favour is slowly introduced over the life of the posting. It is IMPERATIVE that both sides are initially presented, so the uninformed reader cannot determine which side is the truth. As postings and replies are made the stronger 'evidence' or disinformation in your favour is slowly 'seeded in.' Thus the uninformed reader will most likely develop the same position as you, and if their position is against you their opposition to your posting will be most likely dropped. However in some cases where the forum members are highly educated and can counter your disinformation with real facts and linked postings, you can then 'abort' the consensus cracking by initiating a 'forum slide.'
When you find yourself feeling like common sense and common courtesy aren’t as common as they ought to be, it is because there is a massive psychological operation controlled from the top down to ensure that as many people as possible are caught in a “tension based” mental loop that is inflicted on them by people acting with purpose to achieve goals that are not in the interest of the general population, but a method of operating in secret and corrupt manner without consequences. Notice that Jeffrey Katzenberg, of Disney, who is intertwined with Allen & Co funds the Young Turks. He is the perfect example of the relationship between media and politics.
Katzenberg has also been involved in politics. With his active support of Hillary Clinton and Barack Obama, he was called "one of Hollywood's premier political kingmakers and one of the Democratic Party's top national fundraisers."
Last week, former DreamWorks Animation CEO Jeffrey Katzenberg’s new mobile entertainment company WndrCo was part of a $20 million funding round in TYT Network, which oversees 30 news and commentary shows covering politics, pop culture, sports and more. This includes the flagship “The Young Turks” program that streams live on YouTube every day. Other investors in the round included venture capital firms Greycroft Partners, E.ventures and 3L Capital, which led the round. This brings total funding for Young Turks to $24 million.
Hollywood activism long has been depicted as a club controlled by a handful of powerful white men: Katzenberg, Spielberg, Lear, David Geffen, Haim Saban and Bob Iger are the names most often mentioned. But a new generation of power brokers is ascendant, including J.J. Abrams and his wife, Katie McGrath, cited for their personal donations and bundling skills; Shonda Rhimes, who held a get-out-the-vote rally at USC's Galen Center on Sept. 28 that drew 10,000 people; CAA's Darnell Strom, who has hosted events for Nevada congresswoman Jacky Rosen and Arizona congresswoman Kyrsten Sinema; and former Spotify executive Troy Carter, who held three fundraisers for Maryland gubernatorial candidate Ben Jealous (Carter also was a fundraiser for President Obama).
Viacom, after splitting off from Les Moonves Les Moonves ' CBS , still holds Paramount Pictures, and that movie studio in December agreed to acquire DreamWorks SKG, the creative shop founded by the Hollywood triumvirate of Steven Spielberg, David Geffen and Jeffrey Katzenberg (a former exec at The Walt Disney Co.). DreamWorks Animation had been spun off into a separate company. Now it's time for Freston to make back some money--and who better to do a little business with than George Soros? The billionaire financier leads a consortium of Soros Strategic Partners LP and Dune Entertainment II LLC, which together are buying the DreamWorks library--a collection of 59 flicks, including Saving Private Ryan, Gladiator, and American Beauty.
This link-packed ebook is intended for people looking for the best-kept secrets on the web for buying bulk Amazon, Walmart, Best Buy and other national brand gift cards at the highest discounts—accounting for speed, quality, volume and risk. Executive Summary
Buy gift cards on marketplaces
Buy gift cards with bitcoin
Fill out online surveys for gift cards
Buy directly with people online
Buy directly with people offline
Arbitrage gift cards on Amazon
Swap other gift cards for Amazon
Buy gift cards from retail stores
Earn gift cards for online work
Daily deals websites
This article covers some of the many ways to buy discount gift cards. We focus a lot of attention on Amazon gift cards since they are the largest retailer in the world and has the 2nd most gift cards in circulation. We have either purchased or researched in depth most of the sites on this list to come up with some conclusions about the fastest, safest and cheapest places to buy discount gift cards. Please remember, there is no one best place to find gift cards, the goal is to give you options. The lowest-risk gift cards with the lowest discounts are directly from that brand and at grocery stores and other retail locations (CVS, Safeway, Walgreens, etc). You will also find these 0% offers from 3rd party e-code generators like eGifter and BitPay. You can usually buy instantly and they are guaranteed forever. Slightly higher risk are the old-school secondhand gift card exchanges like CardCash, CardPool, Raise and others. They offer very small savings up to 5% off the top brands. You can pay with a credit card and they guarantee the card for up to a full year so you can gift them as gifts much easily. The highest discounted gift cards are on peer-to-peer bitcoin marketplaces with users from many different countries, like Paxful and LocalBitcoins. This also comes with the most risk and the highest amount of work. These platforms have lower regulation and majority of the trades are conducted in non-USD currency. Finally, there is an emerging category of crypto gift card exchanges that also use bitcoin to offer the same discounts as peer-to-peer marketplaces, but they have more advanced protections in place for buyers and sellers. Sites like Redeeem and Purse.io fall into this category because they can offer larger discounts on gift cards and other products but they use technology to cut out the negotiating. Cards are guaranteed for minutes, hours or days here, so this isn’t the best for gifting. Your savings (and profit margins) will depend largely on your risk tolerance, length of time you are willing to get paid, country where you are located, capital available, ability to buy alternative forms of currency (like bitcoin), the ability/willingness to ship physical products, overall time commitment, and many other factors.
1. Buy gift cards on marketplaces
Redeeem. Save 15% or more on bulk Amazon, Walmart and Best Buy gift cards with auction-style pricing buying with bitcoin. They have great support and great reviews. CardPool. Save 3-5% on hundreds of brands, including Best Buy, Target, iTunes and Lowe’s. They send the card directly to your email inbox or via USPS in 3-7 days. CardCash. Gift card marketplace that buys unwanted gift cards for less than their value and resells them at a discount to savvy shoppers across the country. Save 3-5% on hundreds of brands, very similar to CardPool. Gift Card Granny. This is a nice resource because they link to the sites that have the best deals, unfortunately they don’t index many of the bulk discount sites. Raise. One of the biggest in terms of volume. Discounted gift cards to hundreds of national brands such as Target, Southwest, Uber, Home Depot, etc. However, discounts are minimal here, ranging from 0-3%. CardCookie. A great site with great potential—currently offering 5-10% discounts but not very high volume yet. Keep them bookmarked.
2. Buy gift cards with bitcoin
Redeeem. Redeeem is a great option for buying Amazon gift cards at 20% discount or higher using bitcoin. Unlike Paxful or LocalBitcoins, they manually validate and guarantee every gift card sold on the platform and have an easier buying experience. But you will have to trade during market hours (they are only open 8 hours a day). BitPay. Raised over $72 million from investors, they’re the largest bitcoin payment processor. Download the app to buy Amazon e-codes fast at 0% discount. Paxful. With 300+ currencies to trade, Paxful’s peer-to-peer platform with millions of users in Africa offers likely the best discounts for gift cards, but there are a lot of scammers (and yelling) so be careful. You may find yourself with a lot of stolen/invalid cards and trade disputes with money at risk. LocalBitcoins. LocalBitcoins lets you buy and sell bitcoin in over 248 countries. Like Paxful, this comes with high risk and high reward. Every trade starts with a listing, similar to Craigslist, and the platform is strictly peer-to-peer. Purse. Save 10% or more on Amazon when you pay with bitcoin, or dropship products (including gift cards) to people to earn bitcoin. CardBazaar. An online secondhand gift card marketplace where you can buy and sell unwanted gift cards for cash or bitcoin. Bidali. A bitcoin payment processor that competes with BitPay and offers full-priced e-codes from Amazon and other retailers. eGifter. One of the best way to buy eGift cards quickly for friends, family and yourself without hassle. Choose from hundreds of top national brands. You can personalize your gift with an animated greeting card, photo or video greeting.
3. Fill out online surveys for gift cards
Survey Junkie. offers a massive inventory of paid surveys. Each survey is assigned a point value (most between 100-200 points) and estimated completion time. Once you accrue 1,000 points (around $10) you can cash out with a gift card. Beer Money on Reddit. This a Reddit group dedicated to making some cash on the side. Don’t know much about it. PointClub Surveys. You can earn points for completing paid online surveys. When you have enough points, you can redeem them for cash or the gift card of your choice. Gift cards can either be digital or real cards sent to you. It's that easy! OpinionOutpost. You can earn cash and rewards for the time you spend taking online surveys with points you can redeem for cash or gift vouchers to popular brands.
4. Buy directly with people online
Reddit. Reddit is used by a ton of gift card traders, but you have to be familiar with the platform and have some karma on there before using it seriously. Otherwise, your listings will just get filtered out by their algorithms. If you go in there moving quickly without reading their rules carefully you will likely get banned.
5. Buy directly from people offline
Craigslist. As you probably know, you can get anything on Craigslist. But like Paxful and LocalBitcoins, it requires a lot of negotiating and there are scammers galore. The only deals worth doing are small volume with trusted local partners. Facebook Marketplace. Although this wouldn’t be my first choice due to the randomness, there are a lot of gift cards on Facebook Marketplace—a growing platform. eBay. Older than time itself, eBay earns millions of dollars a day in gift card volume. They are fairly warm to buying and selling physical gift cards but they are cracking down on e-codes. The downsides here are shipping costs and eBay/PayPal fees which add up to over 10%. There are also a lot of international buyers on eBay taking advantage of currency exchanges, which inflates prices of gift cards above their face value. It’s an expensive place to find gift cards—but always there.
6. Arbitrage gift cards on Amazon
Amazon is unique in a lot of ways. One way in particular is that they let you buy other brands of physical gift cards with your Amazon credit balance—such as Nordstrom, Southwest, Nike, Starbucks, Google Play, iTunes, Best Buy, Lowe’s, Sephora, Hotels.com and dozens more. This opens the door for people to buy gift cards on Amazon and then sell them to CardCash, CardPool, Raise, Paxful, Reddit, LocalBitcoins, Redeeem, etc. The risk, believe it or not, is that Amazon loves shutting down people’s accounts with gift card balances frozen inside. So don't let your balances get too high and try to mimic normal behavior that doesn’t make you look like a large dropshipping business (e.g. ship to yourself, buy other products too, have a real phone number and billing address on file, etc). There are also hard quantity limits on how many gift cards you can buy for each SKU on Amazon. Your profit margin will depend on how you get Amazon credits, your ability to keep your Amazon accounts in good health, and the rate at which you sell your cards to gift card marketplaces (some let you choose your own rate, others have fixed rates), and the speed and method you want to get paid (check, ACH, bitcoin, PayPal, etc).
7. Swap other gift cards for Amazon
CardCash Amazon Exchange. This is a cool resource that CardCash built alongside Amazon to allow customers to swap out other national brands for Amazon e-codes for a small fee. The rates are comparable to what they have on the main CardCash website and the e-codes are delivered within 24 hours. It’s a cool way to jump from one brand to another if you want Amazon gift cards in particular and have another.
8. Buy gift cards from retail stores
Retail Stores. There are hundreds of physical retail store locations where you can buy physical gift cards in person (the link points to Amazon retail locations). You pay full retail price but it’s fast, safe and reliable—and you can earn 3-5% cash back with certain credit cards like Amazon Prime card.
9. Earn gift cards for online work
Mechanical Turks. Amazon Mechanical Turk (MTurk) is a crowdsourcing marketplace that makes it easier for individuals and businesses to outsource their processes and jobs. This will require a lot of work, but you can get paid in Amazon gift cards. Swagbucks. You can redeem a Amazon Gift Cards by using the Swagbucks you earn through playing, searching, discovering, answering, watching or shopping on websites that are trying to sell you things. Not very profitable but can be fun.
10. Daily deals websites
Groupon. Although not as popular as when it first launched in 2009, Groupon is still used by millions of people to get discounts on stores, experiences and even gift cards like Amazon, Walmart and Best Buy. There is also a gift certificate category that has similar offers (sorry, we couldn’t find anything similar on Living Social). Amazon Daily Deals. Amazon has daily deals on many categories of products as high as 20% discount. On some occasions they will slash prices on gift cards. Amazon Treasure Truck. Amazon has a Treasure Truck that they drive around many of their Whole Foods locations they use to promote Amazon Video shows and offer 10% discount deals on food, clothing and tech. Gift Cards.me. Simple app, good reviews, worth a try. The discounts aren’t very spectacular, but they claim to have fast gift card delivery. Nimble Commerce. Not sure how long they’ll be around, but worth a shot.
On the back of your gift cards, check all the stores where that brand is accepted. For example, gift cards for Gap also work at Old Navy, Banana Republic, Athleta and Piper Lime. Walmart gift cards work at Sam’s Club, Amazon gift cards work at Whole Foods, and Albertsons gift cards work at Safeway, Vons and a dozen other grocery store chains in the same family. Make sure you know these sister-company store policies before you buy a brand. One limitation you may find with many stores like Amazon, Walmart and Best Buy is that they have per-product purchase limits. Obviously you can create new accounts or ask friends and family to buy products for you, but some products have gift cards under many different SKU numbers—like a Christmas and Birthday version. There are also limits set for each of these individual items, not the gift card category as a whole. Finally, based on the U.S. government regulations, the maximum amount of gift cards that can be purchased in a 24 hour period by a single person $10,000. So please keep this in mind when you are out there shopping. Good luck, be honest, and happy trading! Bonus Resources
This section covers questions about beermoney in general. This includes questions about exchanging gift cards, what equipment to use, issues with a site not working or offers not crediting, info on posting a giveaway or tasks, taxes, using VPNS/VPS/etc, and other general questions.
Due to an increase in spam posts, new posts must be manually approved by a mod before showing up. Most posts will be approved within 12-24 hours. Please be patient during this time. If your post has not been approved in 24 hours, you likely broke a rule or you simply weren't posting about a /beermoney topic. Having the opportunity to make money does not necessarily make your post /beermoney. Sign up bonuses, crytocurrency wallets, investments, affiliate marketing, actual jobs, and other such things are not /beermoney.
WHY DID MY NEEVO / DEFINED CROWD TASK COUNTER GO DOWN?
This typically happens when you've missed a lot of attention checks or were kicked off the job. Don't worry, you should still get paid as long as you weren't giving bad answers. It may take a bit longer for them to validate your answers, and you may get paid a bit less due to the incorrect answers. Make sure to shoot them an email though.
WHY CAN'T I DO ANY TASKS FOR NEEVO / DEFINED CROWD?
Are you being invited to jobs? — Neevo invites their best workers to new jobs first. You may get an opportunity later.
Is your task counter correct? — Your number of tasks will drop if you are banned from the job for failing too many attention checks.
Is the job still active? — It's possible that they simply ran out of tasks. Jobs are not closed until the project is completed and verified. Check back later to see if more tasks have been added.
WHY HASN'T MY NEEVO / DEFINED CROWD PAYMENT HASN'T ARRIVED YET?
Give them some time. They pay out after the job has been completed and validated. It can take a few weeks to get paid. If the job has been closed for a few weeks and you still haven't received payment, send them an email: [email protected]
I HAVE A QUESTION ABOUT QUICKTHOUGHTS / IPOLL
Is It Legit?
Quickthoughts does pay some people. However, they are extremely ban happy. You WILL be banned eventually.
Making A Second Account
You are not permitted to make a second account under any circumstances. It does not matter if you were wrongfully banned.
iPhone only gets iTunes and Android only gets Amazon. If you are unhappy about your selection, consider selling or trading your gift card in one of the places mentioned later on in this post. It is possible to log into your account from another device, but this increases your chances of being banned.
Surveys pay between $0.50 and $2 per survey. Different people make different rates depending on their demographics.
HOW CAN I EXCHANGE GOOGLE PLAY CREDITS FOR PAYPAL/BITCOIN/ETC?
There's no easy way to do it. Your options include:
Find someone willing to trade an app for money (you buy the app for them, they give you money).
Make an app and set up a payment system. Then spend your credits through the app you made.
Complete an offer on a site like Swagbucks where you are awarded for spending credits.
MTURK DENIED MY APPLICATION. WHY?
Mturk is only available for users age 18 or older. They primarily invite US citizens and permanent residents, but some international workers are accepted as well. Their selection process is seemingly random. If you weren't accepted, you may unexpectedly be approved in the following weeks/months.
WHY AM I NOT GETTING ANY SURVEYS?
Did you just join yesterday? — New users often see more surveys available on their first day due to the site already having a batch of surveys available. You need to wait for more to get added.
Is it during a holiday or a summewinter break? — Many sites such as mTurk and Prolific offer academic studies. This means that there will be more surveys during the school year, and far fewer during summer and holiday breaks. Also, there are more people looking for work during the breaks.
Are you checking the site constantly? — Surveys go quickly on the better paying sites. You may only get a few seconds to a couple minutes to accept the task.
Are you outside the USA? — There tends to be fewer surveys for non-USA workers.
Were you speeding or lying on previous surveys? — You may have been banned.
If you still aren't seeing any surveys after a few weeks, you may just not be in a desirable demographic. It doesn't hurt to contact support to ensure there isn't anything wrong with your account, but chances are there just hasn't been a survey needing you yet.
THESE @#%& SURVEYS KEEP DISQUALIFYING ME!!
Yes, that will happen.
BUT I SPENT 30 MINUTES ON IT!
Yup. It happens. Survey portals are notorious for disqualifying people. Sites that specialize in doing just surveys tend to be better. Basically, if you're on a site that has an offer wall and surveys, expect disqualifications to happen.
There are a few ways to prevent it, but nothing is guaranteed.
Take a couple screenshots as you progress through the survey, especially towards the end. Sometimes support will credit you if you bring it to their attention.
Don't rush, and don't walk away in the middle of a survey. If you're getting disqualified a lot, try counting to 5 after each question.
Always be consistent in your answers. There are a lot of questions designed to figure out if you're telling the truth or not. If your answers keep changing, you'll be disqualified.
Watch out for attention check questions. Sometimes questions will ask you to select a certain response, answer questions about text you've just read, or ask you silly questions such as "Are you an alien?".
OFFERS AREN'T CREDITING ME!
Make sure you don't have an adblock or any other extensions that could be interfering with it. Allowing the site isn't enough, you need to disable them. I recommend using a separate browser or profile for doing offers. It's also incredibly important to clear your cache between offers. Vanilla cookie manager is a good extension for this. Even if you do clear the cache, some offers just don't like to credit. /Swagbucks is a great place to see what offers are currently crediting easily. Since many sites use the same offer walls, you can probably find the same offers on another site. If you met the requirements for an offer and it didn't credit, the only way to get credited is to contact the support for the offer wall and show them proof that the requirements were met.
I'M HAVING A PROBLEM WITH A SITE
Is your cash out taking forever? or Is the site just not working right? - Look on a relevant subreddit, facebook or twitter. If there is a problem, people will be posting about it. If there's no mention of the problem, try asking on those subreddits, facebook or on twitter. If you don't know where to look, just go to google and type in the website name and what site you're looking for. For example "Swagbucks reddit" will bring you right to /Swagbucks. This works for facebook, twitter, whatever you need. If all else fails, contact support.
Is the site not loading? Try clearing your cookies. If that doesn't work, try another browser or another device. If it still isn't working, follow the advice above about "Is the site just not working right?". If you can't find anything about it, try waiting an hour or two, or even wait until the next day. There could be some issue on the website. If all else fails, contact support.
Can't login? Follow the instructions above about the site not loading. There's also a chance you've been banned. Some companies won't alert you to bans and will just suddenly remove your ability to login. Follow the advice below for "Have you been banned for no reason?"
Have you been banned for no reason? Contact support. There is absolutely nothing we can do for you here. A few site owners browse this place, but the bulk of us are just general users. Just be polite and friendly. If you didn't do anything wrong, you'll likely get your account unbanned. Sometimes a site's fraud detection is triggered on accident. If you were banned by Quickthoughts, you likely will not be unbanned, but it still doesn't hurt to send them a message.
Having another problem? You're best off just contacting support. Most of the people here are general users. If you need individualized help, contact support.
I CONTACTED SUPPORT AND GOT AN AUTOMATED REPLY. WHAT NOW?
If you get a reply and it doesn't answer your question, then send a polite reply. Make sure to restate what you said in the previous email. Don't just copy and paste; they may have misunderstood what you needed the first time. Keep it short and to the point. Under no circumstances should you yell, swear, or be rude to the staff. Remember, you are asking for their help. Being rude will only get you longer wait times, more copy and pasted responses, and potentially banned. Support is more likely to help those who are polite, so say hello and thank you with each email.
HOW DO I TRACK MY EARNINGS?
Most people use a spreadsheet. Here are a few options: One | Two | Three If you're interested in making your own spreadsheet, here are a few ideas: One | Two
WHAT EQUIPMENT SHOULD I USE?
Many people recommend /Ubiquiti I used a cheap TP-link which worked well for up to around 15 devices.
At the bare minimum, you want a dual core with Android 4.4.2. I highly recommend getting at least Android 5.0, as many apps will not work with lower spec devices. A few places to check out would be Walmart, Best Buy, Tracfone, Straight Talk, and Amazon. Sales are fairly random, so keep your eye out. You can also get devices on eBay and C7Recycle but do take note that these are often used/refurbished devices and they may not last as long. Sometimes it's cheaper in the long run to just buy new devices.
Look on ebay or craigslist. Buying used will usually get you a better price than buying new. You want at least a dual core with 4GB of RAM, but a quad core with 8GB of RAM will do you much better.
Powered USB Hubs
Many people like these. Never cheap out on your USB hubs - get a quality brand hub or stick with the OEM chargers.
Check out this post. - Although, I disagree about the auto refresher and adblock. Both of those can get you banned by many beermoney sites. FRQc is also great. Just set it to "auto low" and all of the flash videos will load faster.
Check out /BeermoneyHomeNetwork for help with configurations. The posts are old, but the info is solid. It's just one of those things that doesn't change.
DO I HAVE TO FILE TAXES?
Short answer: Yes. Long answer: It doesn't matter if you get PayPal, Cryptocurrency, Gift Cards, physical items, or whatever else. It is all considered income because you are earning it in exchange for a service. In the USA, once you earn $400 in self employment you are required to file taxes. If you earn $600 or more with any individual site in a year, you should receive a 1099 from them. Even if you don't make $600, or don't get the form, you're still supposed to report any amount you earn. There are a few circumstances in which someone doesn't need to file taxes, and if you think you would be in one of those circumstance, you should speak to a certified tax consultant. Here's more information.
WHEN SHOULD I CASH OUT?
Always cash out as soon as possible, unless there is some sort of discount for saving up your points. You never know when you might get banned or a website might go away. Building up your points is just increasing how much you have to lose. The points are not yours until the money is in your possession.
HOW DO I TELL IF SOMETHING IS LEGIT OR A SCAM?
If a post is at least 48 hours old or made by a user with flair beside their name, it is likely legit. Known scams get removed pretty quickly. GPT sites are more likely to be a scam than any other type of site posted here. If you are worried about being scammed, I highly recommend sticking to the more well known sites in this FAQ and the Common Beermoney Sites List. You can also ask the poster for proof that they were paid by a site. If they can't prove they've been paid, they are only looking for referrals. I don't recommend signing up on sites when the user can't provide payment proof.
Here's a few things to look out for:
If they send you a check and ask you to return part of the money, it is a scam. The check will bounce, and you will be out the money. If an employer needs you to buy something, they will either buy it with a company card, or ask you to send a receipt for a refund. If they've already sent the check, you can give it to your local police department if you want. Just block all communication from them.
They pay a ridiculous amount of money or claim to pay "the most". Very few surveys pay more than $10/hour. You won't get more than about a penny to click links. Videos rarely pay more than a couple pennies. This is about the maximum, and it's very common to make half this rate or lower. If the site is claiming to pay so much more than anywhere else, it's a scam.
You get an offer or interview from a site or job you didn't apply for. Be especially cautious if they want to do the interview over google hangouts.
You are being asked to work for free as a "sample", or you are asked to install a program and wait to be accepted at a later date.
They have a high minimum cash out amount (above $25). Many sites have $1-10 minimums.
You are required to refer people to get paid.
You have to spend money to use the program. Even if it is an "optional" fee, be careful. This includes "training fees".
They don't disclose what type of work you're going to do. Sometimes job listings need to be vague for non-disclosure reasons, but you should always be able to get a general description of the work you will perform.
The website or post is full of grammar errors. An error here or there is bound to happen, but any legit site is going to put in effort to look good.
It's never been mentioned on this subreddit and/or you can't find reviews on google. Unless it's a completely new service, you should be able to find something about it somewhere.
Most importantly - does it feel too good to be true? Does it feel sketchy? Is there something that is just off, but you can't put your finger on it? Trust your instinct, and come here to find out if anyone else has heard of the site. Do a search first, and if you can't find anything, then make a post about it.
There are exceptions to most of these, but these are some things to be on the lookout for. Here are a few more safety tips. Also, never trust what a blog says. They are trying to get your referral link, so they will pretend the site is better than it is. If you see the site on /beermoney, look in the comments. If the poster is making outrageous claims, usually someone will leave a comment about it.
I WANT TO DO A GIVEAWAY FOR EVERYONE HERE. AM I ALLOWED TO DO THAT?
Are you only looking for just one person or a couple of people? Go to /slavelabour.
Are you looking to do commissions or sales? Go to /slavelabour
Is it more of an actual "job" and pays at least minimum wage? Go to /WorkOnline.
Are you paying people to signup on a website/app/etc? Go to /signupsforpay
Is it a survey? If it's a raffle, go to /SampleSize. If it's a guaranteed payout and pays decently, then it will be well received here. However, I don't recommend posting it on here. Unfortunately, there are a lot of scammers here who will try to do your survey multiple times. I suggest taking it to a different subreddit, or an alternative site such as mTurk.
Pay for referrals (make sure the site allows it first!).
Join a referral chain.
DO I NEED TO USE MY REAL INFO? (name/address/birth date)
Absolutely. You need to have correct info on the sites that pay you. Lying about anything can cause a whole lot of trouble, including getting your account banned.
BUT WON'T I GET SPAM MAIL?
From The Website Paying You?
It's highly unlikely that the sites that pay you will waste their money sending you spam mail. You may get something for verification, but that's about it.
From The Surveys?
It's very rare unless they are sending a payment, a product for testing, or they are requesting a follow-up. Most surveys won't even ask for this info, and on the rare occasion they do, it's typically to avoid repeat submissions.
From The Offers?
Sometimes. Most of them won't send you anything even if they say they will. Charities, credit cards, banks, and other similar services will spam you non-stop though.
In Your E-mail?
Absolutely. Make sure to use a separate e-mail for beermoney work, especially if you're going to be doing offers.
THIS SITE NEEDS A PHONE NUMBER FOR VERIFICATION. CAN YOU HELP ME?
CAN I USE A VPN, VPS, OR OTHER SOFTWARE TO PRETEND I'M FROM ANOTHER COUNTRY?
No. You can get banned for doing this. Usually they ban you right after you redeem your first reward. The location is restricted for a reason.
CAN I USE AN EMULATOR OR A VIRTUAL MACHINE?
No. Third party software is not allowed, and you can be banned for it.
IS BEERMONEY DEAD/DYING?
No. Don't listen to the trolls. Beermoney changes over time. Some methods are less lucrative now than in the past. Some are more lucrative. Some have less sites offering the service, and some have more. Passive methods are on the decline, but beermoney is more than just passive methods.
WHY ARE MY COMMENTS/POSTS BEING DOWNVOTED?
Every post will get a few downvotes. You can't please everyone. If you get down to -5 or lower, you might want to take a look at what you're typing. Beermoney users in general are more likely to upvote than to downvote, so either you're breaking a rule, spreading false info, or you're just being rude.
In the first section, I try to convince you why you should be doing these things, if you're already convinced, go straight to the workflows... I'm lazy. I don't like to spend too much time doing repetitive manual things. What I do like is saving money. If you're like me, what you want is to automate the process of saving money on small purchases and spend as little time as possible on finding deals for the slightly bigger but regular ones. Time and money are both fungible. What that means is that if you use time for one task, you have that much less time for some other task. Eg. If you spend time watching Netflix, you have that much less time to go running or any other activity. The same is with money. So if you spend $100 on something normally but it could be $90, leaving you with $10 free for anything else, with no extra effort, you should totally do it, right? Right? Great! I've used coupons and apps like Ibotta but I had to go out of my way to incorporate those in my normal routine. The apps listed in this post have given me best results with minimal effort. My thought process in compiling this is to achieve these goals:
Leave no money on the table
Do not put in more effort than what you normally would
Get real money and not locked in discounts / gift card that most people won't regularly use (eg. airline miles, store credit etc.)
The only real time spent would be in registering for the app. In a lot of cases, the initial referral bonus itself is worth spending the little time registering on an app. The rest is savings on autopilot. :) So here are my workflows for common purchases:
Freebird - Link your Uber account and card that you use on Uber to the app. You get 250 points ($0.50) per cab ride. In addition to this, some local restaurants might also offer cashback to cover the part of the expense of your cab ride to the restaurant. Referral Link Use referral code: xf853. Use promo code GO2TEN (use this after referral) to get an additional $10 cashback on your first 2 rides. | Non-ref
Book the cab via Freebird instead of Uber. That's all! No other steps needed.
You can deposit money to your bank account from the app.
Raise - If you shop regularly at Walmart or Target, pay using a gift card. You can get up to 2% discount on gift cards on Raise. Referral bonus of $5 on your first gift card purchase. Referral Link | Non-ref
Ebates (aka Rakuten Rewards) - Register on Ebates and add the Ebates extension to your browser. This is a one-time action. Every time you visit a website (like Raise) on which Ebates has an offer, you will see a notification to activate cashback (1% on Raise). Simply click on it and you're good to go. Referral bonus of $10 on your first purchase via Ebates. Referral Link | Non-ref
Once you have everything set up, the workflow would be:
Go to Raise.com
Click on the Ebates "activate cashback" notification
Buy a gift card
Shop as you normally would
Redeem the gift card while checking out
The first 3 steps can be completed in less than a minute. If you have cashback on your credit card, you could save upto 7% in total with little extra effort. To find the best cashback deals on on Amazon / ebay or other ecommerce sites, you can check cashbackmonitor.com before shopping. I've found ebates to have consistently good rates and an easy cash out process though.
Raise - direct discount on gift cards and bank deposit / PayPal
Ebates - sends you a check every 3 months worth your cashback earnings (minimum of $5)
Pei - Link your card which you use for paying at restaurants and let it accumulate cashback. Pei has thousands of merchant partners that offer a variety of cashback amounts on purchases. Eg. CVS and Starbucks have 1%, Dominos 1.5%. If there's a national chain of restaurants, it's probably on Pei. Referral bonus of $15 for linking your card and making your first purchase at a partner merchant. Referral Link Use code: p7u67n | Non-ref There are other apps like Dosh and Drop which are similar but I've found Pei to have the largest collection of merchants, the most generous offers and the easiest to cash out.
Just link your card and eat out as you normally would. Pei will add points to your account based on your spending.
You can cash out to PayPal or Bitcoin (Minimum $15)
Acorns - Link your card to Acorns. It will track your spending, round off every purchase to the nearest $ amount and invest that change in a portfolio of equity or bonds. Install the "Found Money" extension (similar to Ebates) to get the cash back invested to your Acorns account Referral bonus of $5 when you sign up and make an initial deposit of $5. Referral Link | Non-ref IMPORTANT: Acorns is a PAID service and costs $1 per month till your portfolio value reaches $5000. Then it's 0.25% / month. It is FREE for a student. So register with your university email ID to incur no fees! WiseBanyan is another free alternative that invests automatically on your behalf in a portfolio. However, I haven't tried it so I can't speak about it much.
If you're buying from a "Found Money" partner, simply click on it in the extension and shop normally. You'll see the cashback in your account.
You can deposit all the money from Acorns to your bank account at any time.
Yes. You're leaving money on the table if you're seeing an ad online but not getting paid for it.
Brave - Download the browser and opt-in to ads in the "Brave Rewards" section. There are a lot of reasons to switch to Brave, such as inbuilt ad-blocker, no autoplay and option to block trackers. Moreover it's built on top of Chromium (Chrome's open source project), so you can simply import all your history, bookmarks etc. from Chrome with one click. Almost all of Chrome's extensions also seem to be working in Brave. For the payments part, you get paid in Basic Action Token (BAT) - 0.05 BAT per ad and you can get a maximum of 5 ads / hour. Currently 1 BAT is ~$0.34. The Brave team also regularly offers grants and bonus BAT every month. So keep an eye out for those! You need to activate ads by going to the 'Rewards Settings' in the browser to be able to see ads. Referral Link | Non-ref
Nothing. Just browse the internet as you normally would
Cashing out is a little tricky here. You can either spend BAT by giving tips to content creators online or register as a content creator (a Twitter account or Youtube channel should suffice) and tip yourself. You can cash out to fiat currency (like $) every month.
I've heard of "eBay" type of websites where you can buy and sell with BTC. How well do you recommend earning BTC through here? And is it safe?
Important Note: I'm talking about legal markeplaces. NOT the blackmarket. I repeat, I'm not trying to break the law. Ok? I've sold on eBay before and buy things there every now and then. So I'm quite familiar with listing and shipping things online on my own. But how different is selling with BTC than cash? And is shipping done normally? Like can I use USPS or FedEx? However, I'd like to know your experiences or knowledge with these alternative sites. Which outlet do you best recommend I use? I mainly want to sell as a way of earning BTC but I know places like these usually attract the bad type of crowd, so that's the main thing I'm worried about. I don't want to be spending my time with scammers trying to steal from me or having to worry about psychos tracking my location down to steal my bitcoins. Obviously the things I sell are going to be legit and completly legal, which consists of mainly used or broken (I either fix it or auction the parts) electronics that I buy from people who don't want them anymore. But I don't want to get in ANY sort of trouble. But I digress. Please post any helpful tips/suggestions especially on where to start for a noob such as my self. Thanks!
Sorry if this is 'duh' but it would appear Cryptocoin is the New World Order's currency system of choice. They've been pushing us to it, Venezuela is the canary in the coalmine
So this just happened An Insider's View Of The Bitcoinization Of Venezuela Venezuela being 'saved' by cryptocoin. This story, coupled with many other pro-crypto tales, bitcoin surpassing the value of gold, super aggro ICO values, my previous and ongoing quantum attack and exchange cia cutout 'concerns' (huge red flags) about an otherwise seemingly 'technopopulist' evolution of property exchange that I should be wholeheartedly behind, given my own populist (techo-populist) drives, principles, values...I still have pause. I've had time to think about this and all the signs are pointing towards an inference that the decision has been made by supranationalists (CFR, Atlantic Council, Trilateral commission, Bilderberg) to get behind the cryptocurrency now. They aren't fighting it. They are supporting it. While asset forfeituring cash, warring on cash; the rest of the world is de-dollarizing and it's not because "they hate Trump". The whole world can't possibly be behind all the globalists, but boy does our media want you to think that. Crypto could still be a honey trap like I said; but it could also be the NWO currency of choice. Either way it's not an anarchists best friend if the exhanges are run by Global; or if they can unzip the blockchain with 2000 qbit dwave computers. Either way, if you buy into it, you're in trouble because it's clear as day that it's a bubble being created by this deepstate group, it's an illusion, and that can only mean their dominance and ability to manipulate it has reached a level of reliability that they are comfortable with. Probably through AI, and probably through quantum DWAVE making high frequency exchanges to create artificial bullishness in regular markets as well as cryptocoin currency exchange rates. I guess they have sauron trained on enough data that it can move stuff around quickly and keep the markets from crashing. Is this a good thing? I think it's illusion, all you're doing is stacking more jenga blocks higher which means when a crash does inevitably happen it's going to be a wider scale disaster. I personally prefer Russia's strategy of actually balancing their debt and slowly growing wealth--it's safer. After all we find out all these online services that we use day-to-day whose advertised aim is to 'empower the people' are simply illusional. Why wouldn't financial systems be similarly illusional? They're made by the same people, what do they have that we don't? AI? Nope we got that, it's called troll accounts that are easy to spot. Who is illusional and why are they illusional?
AT&T, Verizon, Samsung entire mobile industry (7th-NSA, OMA alliance)
Ebay, Guardian (7th - DoD, CIA (Omidyar, Thiel, palantir))
Twitter (7th - CTR)
Mainstream Media (7th floor, Hillacrobama / Clinbama / Obamton)
Wikipedia (7th, masons)
Gab.ai being attacked and compromised
coinbase being unavailable during bitcoin crashes
coin exchanges having shadowy silent partners
Crypo financial tracking website COINTEL-egraph being called COINTEL-egraph (COINTEL PRO) - <>
They are illusional because they are fake, limited hangouts that have been trojan-horsed, compromised, backdoored, powerbottomed, hijacked, phished, hacked, subsumed, tethered, moored, inculcated, incorporated, conflated and generally taken-over by the deepstate, and / or "were always deepstate we just didn't know and if you still don't know where the hell have you been exactly?" If your government is willing to go to the lenghts they've show to go to fool you socially, why wouldn't they fool you financially? In fact many have blown the whistle for decades on the foolishness of the federal reserve and we've listened but there's not much we can do about it. I'm still in a place where I can't recommend people run towards the NWO's sanctioned alternative to cash money system, because I think it's very unsafe---FROM THEM. So whether I'm right about it being a honeypot to siphon off your wealth and then pull the plug by bringing down the powergrid, in a totally non-believable hegelian ploy and psyop of "Korea attacked our power grid" OR if it's the NWO currency of choice
What is exceedingly clear to me is that bitcoin is not what it's advertised to be: a free and independent and secure money system. There's too many unanswered and non-guaranteed problems with it. I'd be safer investing in cannabis, and we know how tenuous that is.
[PSA] Flux's guide to CS:GO trading and how to do other things good too.
Hello /globaloffensivetrade, While I am fairly new to the cs:go trading scene, I have a fair amount of past experience TF2 trading, as well as a few other games, and thus have learnt through a bit of luck and experience how to make profit. I get asked questions multiple times a day about some of these trading basics, and you guys seemed quite keen, so I've decided to write this guide. I spent a lot of time and effort on this, so I would appreciate your feedback and feel free to point out any obvious mistakes. If nothing else, read the bolded and italicised parts. About me: I've been trading in cs:go for about 3-4 months now, and used to trade heavily in TF2 before cashing out my money and investing it into csgo. I've probably put in around ~$1500 from that and have cashed out about $15000, and still have a [fairly decent inventory](#). Before we get to the part on how I did this, we need to start from the beginning. Introduction: When starting to trade, it is a good idea to have an idea what you want. Whether you want to get a particular skin or knife, or earn a living, or just have fun will direct how you might want to trade. I personally trade for fun, but as it turns out making a profit can be quite fun. There is already a good guide to the basics of trading here, and I will try not to reiterate this, but instead explain some more practical details. I recommend you read this if you are completely new to csgo/trading. Some 'tools' of the trade: These are sites or tools which are handy to bookmark, check regularly or use. Trading sites: Everybody knows Csgo lounge or Csgl, and that it can be quite the hive of scumbag and villany, however due to its high traffic flow, is probably one of the best media to trade. (Will add more here if I discover more good trading sites) Pricing Sites: For most items that the average trader deals with, the price can be looked up quite well at www.steamanalyst.com. Now it is important to know that this is the 'market price' and is not the same as its cash value. When dealing with the steam marketplace, keys take a value of $2.5 USD, and thus the price of skins in keys is their market price / 2.5. Keys are the primary currency of csgo trading and are known as 'pure' offers. Cash value of items is their key value x $1.8-1.9. Offering a 5 key skin is not the same as offering 5 keys as a 5 dollar note isn't the same as 5 dollars worth of groceries. Other sites such as csgo stash also has similar information. Pricing for items above market price requires some knowledge and experience. People such as elowynoceania have setup a steam group to price check some of these items and has also written a rough price list found here. A handful of people on this subreddit are also experience in price checking (and I will add a list here of any who are willing; send me a message). Price checkers (with specialty): **It seems that most people I've listed have stopped price checking. If you are willing to help, please pm me with your steamURL and/or specialty with regards to price checking. Pricing for knives and skins can vary on their look, even skins of the same type with the same condition may be worth very different. And somewhat strangely, prices of identically looking skins/knives can be very different if they have different conditions. Browser extensions: This list was compiled by etherfasthere, but I'll copy paste it for convenience. These are incredibly helpful and have streamlined my trading experience, saving me a lot of time and effort.
While I get these two nice weeks off, I thought about putting some time into helping you guys improve your trading experience. Before I make my list, I want to stress this out that these are mostly for Chrome users. If you have no reason not to switch to Chrome, you should do it. Some of the extensions have Firefox versions as well, but not all of them. 1. Enhanced Steam This is a nice extension that isn't necessarily related to trading, but it enhances your Steam experience. This is by far the most complex Steam extension, and the list of features is endless 2. Lounge Companion (Dota 2 & CS:GO) No longer allowed on csgl This will make your CSGL experience better, by allowing you to price check items on the fly and helping you bet easier. 3. Reddit Enhancement Suite This is well known and it will improve your Reddit Experience and once you try it, you won't be able to live without it. Once again, the features are endless. 4. Reddit Trading Flair Linker Enhanced This extends people's flairs when you browse the subreddit. It's really nice because it gives you a clickable Steam link, points out any privacy/VAC Bans/Trade bans and tells you if the person is online or playing anything. 5. Steam Community SteamRep Integration This will highlight profiles banned on SteamRep for you. It doesn't take into account the pending reports, so you might want to do that check yourself. But when that box turns red, you know it's a good warning sign. 6. Steam item search between friends. This helps you find that specific friend of yours that has that nice Bayonet you want. It loads all of your friends' inventories locally and it makes them searchable. It takes a bit of time to preload, but it's a good alternative to searching through inventories yourself. 7. Decline Unavailable Trade Offers (credit to hohchu, and more) This helps you dismiss that annoying green envelope that sticks to you when a trade offer is unavailable.
How to start trading? Now you've bookmarked all those sites I've linked, and read the guides and downloaded all the plugins, what now? Well first in any business, you need to invest something in order to make something, there is no two ways about it. A decent investment (at least $100) will allow you to start trading decently. I recommend the best route to do this is by buying keys off people who are reputable on this subreddit, who sell for around $1.8-2. This is best done via paypal, and will be initially a slow, difficult process as you will have no reputation or rep at this point. You may even want to buy keys off the steam store, however note that these may not be immediately tradeable depending on your payment method. Once you have the keys, look around on the subreddit, csgl, play the game and generally immerse yourself in the community. This will give you some idea of what things are valuable and demanded. Skins which look nice are generally worth more than skins that aren't as nice. Betting skins, such as the AK Redline FT, AWP Asiimov FT, etc tend to be easier to sell just before a tournament, and easier to buy just after. Once you have a good grasp of what is valued, start making a few trades. Add or message people and offer your keys on their items, and then if they say yes, try selling it for a bit more and voila you have just made your first bit of profit. Now I will go much further in depth later on, but this is the gist of it. How to gain reputation? It can be very difficult to gain rep as a beginning trader. There is the catch-22 where people won't sell you things for cash because you don't have rep, and thus you can't get any rep. However, it is very possible to get rep if you present yourself right. Firstly it helps to have a decently set up steam account. Private profiles are strongly discouraged and most people won't even add you. Private inventories may also be an issue to people. Having an older account and/or a steam level above 2-3 will also make things a bit smoother, as people realise you have invested some time/effort/money into your steam account. As an example I will use my profile. I have a prominently displayed 6 year of service badge. I am level 33, which means I have invested a fair amount of money into my steam account, and I have a lot of hours of a variety of games as well as a lot of +rep comments on my profile. It may even be good to put the country you are from on your profile, given that eastern european accounts have a relatively high rate of scammers, and some people will be more comfortable trading you if you are in their country. Now on the flipside, lacking these things may lead to suspicion of being a possible scammer. Secondly, being a generally mature and polite person will build more trust with anybody dealing with you. Being aggressive, abusive or seeming illiterate are red flags which may suggest that you are not a trustworthy person. I personally refuse to accept accidental trade offers which they have put none of my items in, and constantly strive to be an honest trader and to not take advantage of people. Now, these things aren't necessary, but being this kind of person will generally help you overall in trading as well as life. To get meaningful rep for cash trades, you need to setup a thread that isn't your profile, as your profile is not monitored by anybody but yourself. Accusations of scamming can be deleted and +reps can be faked by friends on your profile. So set up a thread here on the steam group: CS:GO Rep. Feel free to copy my setup here but insert your own information which can be found by searching your steamURL on steamrep. Once you've done that, make sure you get the people you trade with to leave a message regarding the trade on your thread, so keep that link handy (I have mine linked on my steam profile). Now probably the easiest way to do this is to buy a few keys off the steam market, and then sell them to people who have a lot of rep. You will lose some money initially, but you will gain some all-important rep, and will soon be able to buy keys for cash. Doing multiple small transactions is the best way to build rep initially. Selling a few keys here and there, and buying a few will start to fill out your thread. How to screen people as potential scammers? There is already a very helpful guide on how to avoid common scams here and here. The most definitive way to tell somebody is a scammer, is if they've done it before and been reported for it. Before doing ANY trade, search their steamURL in www.steamrep.com. A person who is a scammer will have a red outline and it will say 'banned' and will explain why. People who have an orange border with 'x number of reports filed' are generally scammers as well, and I strongly suggest you do NOT trade with either of these types of people. For people who are scammers-to-be, red flags include:
Impersonating another account
Low amount of hours/few games
New steam account/low steam level
Private inventory/not valuable
Not many comments
Russian, Romanian or even Italian, or named laska (sounds racist, but the majority of scammers I've met were either of these)
1:58 AM - laskerZ: razizt guide 0/10 1:59 AM - Horrorshow Flux: hahaha 1:59 AM - laskerZ: I'm hugely offended by it. As an Eastern-European, I DEMAND IT TO BE REMOVED
Young, immature (<15 years old) - don't really understand the results of their actions
Overly keen, impatient to receive your item, offer to pay more than your buyout
Know a lot about how cash trading works without having any rep (though some people may have experience in ebay trades, etc and can be trusted)
Suspicious in any way (if it sounds too good to be true, it usually is)
Basically if they don't have much to lose, often they will be more likely to scam. People with established names and profiles and inventories have much more to lose and so can be more trustworthy. If I were ever to scam, my lost reputation would be more costly in the long run than any single deal, not that is my only reason I don't scam, just to mention another, I'm not an asshole. How to cash trade? Typically paypal is used in most cash trades, being the most convenient generally. Skrill or BTC (bitcoin) can also be used, but I don't personally have much experience in either of these. Typically how trades are done is the buyer will send a money payment as family and friends and pay any fees to the seller, and once the money is confirmed to be received, the seller will send a trade. This method is still possible to be chargebacked, do not listen to anybody who tells you otherwise. Note some countries don't have this option. A middleman can be used, who can be found here, and will hold on to the item before the buyer pays, and will only trade to the buyer once they confirm the seller has received the money. This prevents direct scams, but offers no protection for chargebacks. Chargebacks are the main reason I require people to have rep before dealing in cash with them. How to setup a neat table for a reddit post? Easy, just copy what I've done here: |Type|Skin|Wear|Comment/Screenshots|Current Offer|Buyout| |:----------|:----------|:----------|:----------|:----------|:-------|:-------| |Knife|Butterfly Night|FT|Clean looking|None|95k Now for the big buck item: How to make profit? The secret to profit is high volume, small profit trades. I will outline how my strategy works below, but it is not necessary to read to make profit, skimming the paragraphs and reading the TL;DR at the bottom should be sufficient. The classic 'buy low, sell high' advice is only partially true. I see so many people trying to sell high and never getting any trades. It really should be 'buy low, sell market'. Buying items: It is important to understand a sellers' psychology, in order to understand how to get good deals. First of all you have to buy an item. You do this by exposing yourself to the market as long as possible to find good deals. Post on multiple cs:go/reddit trades, frequently browsing the new section. If you are to offer on a trade, if you are paying pure keys, feel free to offer a little bit less than market price or their buyout (yet still reasonable), so there is a profit margin for you. If you do it in the right manner, more often than not, people are often flexible enough to accept their price, since a reasonable guy with a reasonable price is a good person to trade with. If you offer skins, people more often than not will not value skin offers as highly as keys (though there are exceptions). Selling items for a profit: Note that this is more of an explanation of maximum profit, and is a little bit unnecessary to actually profit. When selling an item you need to understand buyer's psychology and some basic statistics (OH NO THE HORROR!). They want to do either of two things with the item: Use it it or sell it, roughly I'd say the proportions respectively of these people are 1:4. When I say they want to use the item, I mean usually they want to play with it. Thus they are willing to pay full price (FP) or a little bit more (FP + 1 arbitrary unit). The arbitrary unit (AU) can be anything; a dollar, a key, etc and is tied to the value of the item, often around 5%. It is basically your profit margin for most items. Occasionally users will be willing to pay slightly higher than full price, but it isn't enough to rely on the small proportion who do for most of your profits. Then there are those looking for a profit. Thus they will often be paying a low price (FP - 2 ~ FP - 1). If you have bought it for fairly cheap (=< FP - 2) then you can easily flip it to these people for FP - 1 for at least an AU profit. What price you bought it for may determine whether or not you sell to a specific type of buyer. If you paid full price (FP) then you price your item at > FP + 1 and search for the small proportion of people who are willing to pay more. I have found that the mean price of items if you pay keys is FP - 1, with a standard deviation of 1 AU. I found it optimal to focus on buying items at the price of FP - 1 ~ FP - 2. Thus at the highest range of your buying, you make a profit from 20% of the population, and at the lower end you make it from almost 100% of the population. Of course these numbers are highly speculative. Here's a graphical explanation for what I am saying. This graph represents roughly the market for items. I am suggesting that you buy at FP - 1 and Sell at FP for maximal consistent profit, as in this picture, where the pink is your sweet sweet profit, basically the crux of my entire guide, not only this is profitable, it is very stable and consistent and safe profits (with the notable exception of new items, which don't have a fixed FP). TLDR;Buy highly demanded items for under the market price, and sell for market price or slightly below for maximum profit/time. Cutting your losses/How to get unstuck as a trader? Sometimes you will find yourself with an item which should be worth x, but you aren't getting offers near it. Maybe you got ripped off, or it has suddenly dropped in price. This is when you cut your losses. Moping over your loss won't help you earn more and will keep you stuck at your current value. Don't be too attached to your items, unless you have already gotten your 'dream knife', so why would you even be reading this :P? Profit is based exponentially on what you have, i.e. the more you have, the more you profit you make. Thus it is often better to quickly sell some items in order to increase your total currency value (even at a loss of your theoretical currency/market value) as having currency allows you to make more profit than that damn StatTrak Butterfly Boreal Forest FT. You should try and sell at FP - 2, or sell it on the market. The potential future profit will eventually cover the losses incurred by this trade. This ensures a smooth flow of items in and out of your inventory, allowing for maximum profit. Selling Strategies: Generally skins are easier to sell, but have smaller profit margins, and knives are more profitable, but move a lot slower. Hence I will explain how I sell items, and recommend you do the same. Basically lets say you have some skins and knives. What your goal should be, if you want to make profit, is to eventually convert all these skins and knives into currency like keys or cash. How you do this is to downgrade. Downgrading is trading for slightly less desirable/valuable items alongside currency. What would be optimal is that someone will offer your buyout in keys, however this rarely happens (and is often leading to a scam attempt), so you need to take a relatively big item, and break it down into smallemore liquid bits. When you are offered items, take an offer that is similar in value if it has highly liquid items (such as betting skins, keys, vanilla knives, cheap 'entry level' knives around ~20-30k) over an 'overpay' offer of something that is hard to sell (stat-trak low tier knives, battle-scarred high tier knives, case hardeneds). It is often easier to sell two low-mid tier knives than one high tier knife. People who trade at a lower level, I suggest you upgrade, like trade two $1.25 skins for $2.50 one, as then you can trade for a key and possibly buy a $3 item, etc. The way I actually see it is like nuclear fusion/fission, just an analogy for you physics and chem nerds :3. Elements which are heavy release energy when split by fission (trade expensive items into multiple cheaper items), and elemental which are light, gain energy by fusion (trade a few cheap items into a reasonable item). When trading an item with a high variance in price, you want to be moving towards either end. I'll give an example. A Karambit Fade FN with 60% purple/40% pink goes for around 250k. This is highly demanded as it's the cheapest you can get of the item. A Kara Fade with 90% Pink/10% yellow goes for ~500 keys and is also highly demanded as it's the best you can get. So if you had a Kara Fade 80/15/5 (~320k), you would want to downgrade to a 60/40 + 70 keys and if you had a 90/7/3 (~450k) you would want to upgrade to a 90/10. This concept mainly applies for fades, but can also be used in other patterns. Conclusion: Damn I just wrote that in one sitting, start to finish. If only I had the motivation for my uni work. Feel free to share this guide with your friends and fellow traders. Peace, Horrorshow Flux
PAYPAL I'm not sure why the previous winner decided not to use his real paypal, maybe trying to remain anon, maybe trying to not pay taxes, maybe trying to hide money from his spouse/parents or maybe an international fugitive, who knows. The fact is, paypal doesn't like anon people collecting lots of cash fast, to be fair, they don't like verified people getting a lot of cash fast either, unless they're getting their cut. So here's a couple things you can do to try and keep paypal from freezing your account and taking your money.
Verify your account.
Secure password!!! This is big, it's connected to your bank accounts, you need to have a secure password that is not the same as your reddit account.
Add an email address that has not been used anywhere else.
Here's how to add an email address to paypal. Go to gmail/yahoo/wherever and make a new email with a different, very secure password. Once you have a nice new email with a secure password, go to paypal and login. Under "Settings", you'll see "Email", hit the + button and add that new email address you just created. They'll send you an email to verify your address, go and click it. There you go, verified email address that (hopefully) has not been used by you anywhere else. CHANGETIP
Ok, so this is a bit simpler if you're in the US. Changetip has a "Buy Bitcoin" button under "My Money" that will use ACH with most major banks. Unfortunately not many credit unions or smaller banks though. So to buy bitcoin on coinbase or circle, you need to set up an account and verify yourself. These are US regulated companies who have to follow the laws, so they need to verify you just like you had to verify with paypal. The verification process is fairly easy, and not much different than paypals (although I haven't done paypal in years, so I'm not sure what it's like now). The concern most people have is that circle/coinbase could be scam sites, or like that other site in japan that stole all the bitcoin got hacked, etc. The difference is, these sites are US based and licensed as money transmitters AND have a lot of financial/venture capital backing behind them. They are just like paypal, except they deal with bitcoin and not ebay. Sadly, I do not know similar sites to coinbase/circle for outside the US. BITCOIN I'd suggest reading up on bitcoin if you want to delve into making your own wallet and maintaining it yourself. There is a lot of info in /bitcoinbeginners A basic online wallet can be made at Blockchain, you can use your wallet on coinbase or you can download a bitcoin wallet program and do it all on your computer. A bitcoin address looks like 14KShuxFUM7PsHKYfPA9Rnkv6P213Wm8UH and is a specific address to your wallet. (You can send me coins there if you'd like lol) SPENDING BITCOIN But I want cash, dollars, no one takes magic internet money.... If you have bitcoin, changing it into something real and physical in your hands can be done in as little as an hour. The secret is Gyft. Go make an account, download the app to your phone and you can have a gift card in your hands in no time. They even give a 3% discount for using bitcoin. You scroll thru gyft, find the card you want, select an amount and pay with bitcoin. A popup will come up, with an address to send the bitcoin to. You send the bitcoin from your wallet, and the gift card is added to your gyft account. You open your app on your phone, and you have the card in hand ready for you to go shopping. Alternatively, if you want cash, and don't want to worry about fluctuations in price, send your changetip btc to your coinbase/circle wallet, and select "Sell". You can send the cash to your bank account via ACH and it only takes a day or two. No worrying about the btc price crashing, no worrying about someone stealing your coins, cash out in a day or two with money in bank. There are also more and more websites that accept bitcoin directly, from overstock to newegg. So you could just keep a hot wallet (think of it as cash you keep in your pocket) and buy with btc directly if you don't want to bother converting it. Now, I will warn you, SOME banks have issues with bitcoin/coinbase, SOME banks may warn you about doing transactions with bitcoin/coinbase, and SOME banks may go so far as to threaten your account if you continue using bitcoin. So you can decide if you want to cash out to your bank, spend it on gyft, hold it or open a credit union account and cash out that way. REDDIT While you're at it, change your reddit password too. As nice as this community is, there will be someone trying to steal from you, don't make it easy for them. Edit: GOOGLE WALLET Yes I forgot this one, simply because I never use it. I don't remember how I set it up, but it should be fairly straight forward since I already had an account.
When you sign in using your main google account, you can go to the Settings tab, and Verify your identity. I just did this, had to put in my legal name and address as well as birthday and last 4 of ssn. Had me verified in under 1 minute. Since I never use Google Wallet, I had to search for how to accept payments, and this is what I found. Doesn't look too different than any of the other options so it should be pretty simple to setup, simply give your email address and people can email money. The one thing I can't find however, is how to either add or mask your email address. Personally I wouldn't want my gmail account used as it is tied to my google identity, which is also tied to my google plus thing I had to setup. I'm sure there has to be a way to set it up with an alternate email address. If anyone knows I'll add it in as an edit later. Last points As pointed out by bealhorm
Don't tell anyone you won!
You'll have friends/family coming out of the woodwork asking for handouts and getting mad at you if you don't give them what they ask for. It's not going to be a million bucks (maybe???) so take care of yourself first. Catch up on your bills, take a vacation, pay off a loan or two, or just blow it on hookers and blow. If you want to give some away then go ahead, but do it as a gift because you want to, and not because you're given a guilt trip for not helping out that person you haven't heard from in 5 years. No one has to know you got a few thousand dollars in your bank account but you. As jermseatsbrains pointed out, you may want to write down your new passwords somewhere safe, as that would really suck to be super secure with all new passwords and not be able to login and access your winnings...
OpenBazaar store name registration compromised, caveat emptor.
Like most people here I been anticipating the launch of OpenBazaar. On a recent post about the project a small detail got my attention, it uncover the fact that the project has been compromised by the same corporations we are trying to replace. http://imgur.com/K3TmPYH taken from: https://www.youtube.com/watch?v=ijE6ktEsm4o Union Square Ventures: http://www.usv.com/portfolio OneName and OB1 (dev team behind OpenBazaar) http://imgur.com/WthBLjk Also ETSY: https://www.usv.com/blog/etsy "online marketplace for products sold by artisanal businesses" The OneName & OpenBazaar connection: When you create a store in OpenBazaar you are given a string of characters that represent your store on the network, This long string is obviously not memorable or marketable, so you need to get an store name that resolves into the string. Similar to a Domain, resolving into an IP. Users signing up for an OpenBazaar store are directed to create an account with OneName, an startup that got funding from Union Square. Open Bazaar also got an investment from them, which is great, until you realise that unless you are Nakamoto, there is no free lunch. http://imgur.com/K3TmPYH We all know that when you don't pay for a product, you are the product. Please ask OneName what is their business model, how do they make money? http://imgur.com/bekR26r OneName provides a web API that resolves OpenBazar store names, you post a user store ID to them, and they reply with the data that OpenBaazar needs in order to locate and display the store. If you request the CoolToys store, you request is submitted to the OneName web API, which answers with the correct string that represents the store. The OpenBazaar client receives this and shows you the store. Basically a centralised OpenBazaar DNS. Goodbye privacy. http://imgur.com/ZOphgXb Turns out that when Namecoin was created; 2 sections on it where definen as standard. The /d section for Domains , and the /id section for IDs. Obviously the idea behind the Namecoin IDs, is that everyone can use the same section and avoid collisions. That way there will be an open source unique blockchain where you can own your identity credentials. Every service could then use this ID location, so you will never need to register again for an internet service. OneName came to light mid 2014, and avoided using the already existent /ID section (which be the time already had registers) and instead create their own section inside Namecoin; the /u and /i sections or "Namespaces". When you register at the OneName website an entry is created in Namecoin /u and /i . If you ask them why did they not use the /ID namespace (as expected by anyone writing ID data on Namecoin), they say is because they did not have enough space to store all their data. They solve this by using 2 namespaces instead of one. How clever! http://imgur.com/43AXKSShttps://wiki.namecoin.info/index.php?title=OneName They needed the extra space to list ALL your social networks? they could have done exactly the same inside /ID. The real reason to create a new namespace was so that they can control and register the names to all stores. I found this last night after waiting for the Namecoin blockchain to sync, tried to register some names at the newly created non-standard /u namespace. Every single good store name is taken! "Option #2 (NAMECOIN) is for developers who want to register directly on the blockchain manually" https://twitter.com/muneeb/status/623453126494916610 Developers only? OneName will force you into OpenBazaar using their API, so that they can restrict you to the /U namespace that they fully control. It wont work with the Namecoin standard /ID namespace! Hello aftermarket for OpenBazaar names!https://api.onename.com/ Before Capital Ventures funded OpenBazaar, the plan was to go with Namecoin /ID standard as referenced here: https://github.com/OpenBazaaOpenBazaaissues/484 OneName got away with it even after the same OpenBazaar devs pointed the reason why the standard /id namespace was the right choice. So what is the alternative? Any Namecoin blockexplorer could easily answer requests to resolve the /ID Namespace. http://explorer.namecoin.info/n/id/mike (Is the current OneName web api derived from an open source block explorer?). Why put all the trust on OneName untested protocol, while we have the alternative of using multiple available Namecoin explorers? Maybe users can select one that they trust, just as we do with DNS now. Namecoin SPV could soon resolve this without the need of centralised servers, while is not ready just yet, there is an ongoing effort to have it ready soon. Data will then be safe on a well proven blockchain that was even part of Satoshi work. If we do not do this we have a great risk. OpenBazaar being the first major user of crypto based IDs will make OneName successful on hijacking the Namecoin /ID namespace. The rogue namespace will have enough traction to become the standard; they will not only control the but also the , and associated web of trust. http://imgur.com/IZeSYIf (Do u/gavinandresen, u/vbuterin and Jeff Garzik really endorse them, or are their images been abused?) Yet another reason to re-consider OneName is that they have stated that they are blockchain agnostic, and been discussing moving away from Namecoin (read if they are not successful hijacking the /ID namespace they will move). That will also mean that they will move YOUR ID DATA at THEIR convenience. How will data from people for which private keys do not control, be moved? See OneName's Blockstore project. Finally, If OpenBazaar is as successful as we all want it to be, the hijacking of Namecoin will not only affect OpenBazaar but will affect all Bitcoin users. If a network effect is created around the OneName rogue names and resolvers, you will soon depend on them too. Dear OpenBazaar Devs, everyone appreciates the hard work you are putting into this project. The implications of your work go beyond creating a new market. Please realise that OneName's /U is a trap. Reconsider your OneName affiliation and remain true to the idea of creating a free and decentralised market that is independent of the interest of corporations. Letting OneName and affiliated corporations, set the rules to resolve and control the names of stores and users in a rogue namespace with a constantly changing untested protocol does not stand by the open free market goals; have strong implication on the Bitcoin ecosystem, and will ultimate result in a OpenBazaar fork. Att. Unhappy Ebay & ETSY user. Edit1: Please review this: https://www.reddit.com/Bitcoin/comments/3es6dy/openbazaar_store_name_registration_compromised/cti09hj
The /r/btc China Dispatch: Episode 10 - One Bitcoin User’s Highly Upvoted and Commented Take on the Hong Kong Consensus
As promised, the China Dispatch is back again with a second installment this week. For this edition, I have translated a highly upvoted and commented essay that was posted to the 8btc.com bitcoin forum concerning the recent Hong Kong consensus. There seems to be an increasing amount of animosity within the Chinese community towards the consensus as well as Blockstream itself. The following essay seems to be channeling many elements of the current atmosphere within the Chinese bitcoin community, so I thought it might be interesting to translate and post it here. [OP] Subject: The Hong Kong Consensus is the Source of the Current Panic Posted by zzgm720 (Deckhand) Following a protracted war over raising the blocksize, the “Hong Kong Roundtable Consensus” was reached after much difficulty. However, the online community has since found the Hong Kong Roundtable consensus to be marred by more than a few dirty tricks and now blocks are rapidly approaching saturation of the 1 MB limit, so raising the blocksize has become a matter of extreme urgency. Despite this, whether due to security considerations or due to private interests, the situation has yet to be resolved. As a result, there have been a few large holders who have lost faith in bitcoin and have dumped all of their holdings onto the market, which is the reason for the nosedive in the price over the last two days. What I would like to say here is: even if the “Hong Kong Roundtable Consensus” were not marred by all sorts of dirty dealings, it still has the potential to cause large shockwaves throughout the bitcoin community just by virtue of it having been established, resulting in panic and a drop in the price, and ultimately causing competing coins to take away bitcoin’s top spot as a cryptocurrency. This is because, as we all know, the 1 MB block capacity has already started to reach saturation and if we wait until July of next year to raise the block size as stated in the consensus, it is clear to me that bitcoin will have already been replaced by some other coin. Therefore the so-called roundtable consensus is the source of the current panic. The price of bitcoin is not determined by the miners. The miners are a type of product as well as a type of service provider, relying on a quality product and quality service to attract users, and when the number of users of said product and said service increases, the price of bitcoin will naturally rise. It goes without saying that trading performed by speculators also has a tremendous effect on the price of bitcoin, but in the end the price is also not determined by them. They are merely engaged in discovering bitcoin’s price and their trading activity only affects the short term direction of the bitcoin price. Over the long term, the bitcoin price is still decided by the products and services provided by miners attracting more and more users. Users are the real internal drivers of the bitcoin price. Think about it: what use is a great product if you have no users to support it? With all of the crypto-currencies currently available, why do we all pick bitcoin? The reason of course has to do with the fact that bitcoin was the first mover and enjoys a first mover advantage. However, it is foolish to think that given bitcoin’s first mover advantage and given the amazing design laid down by Satoshi we can just rest on our laurels and get rich. The Internet landscape is ever-changing: there is a large cohort of competing coins out there that would like nothing more than to eat bitcoin’s lunch and there are no lack of examples in the history of the Internet where a first mover ultimately got completely wiped out. Therefore, the miners are still in their entrepreneurial phase and it is premature for them to go after fat profits and sit back raking in users’ transaction fees. Rather, they should consider how they can improve the bitcoin user experience, increasing user lock-in and reliance on bitcoin and letting more and more users know about and use bitcoin. Though bitcoin is still at the top of the crypto pack, the miners still need to realize that they are on thin ice and need to act cautiously, making efforts to increase product and service quality. This is by no means the time to sit back, pop a cold one, and let down everyone’s guard. Taobao and QQ [Translator’s note: Chinese eBay and ICQ, respectively] are the undisputed leaders in their respective industries. This is partially due to the fact that they both had first mover advantages, but more importantly it is due to the fact that they made good use of their first mover advantage, wasting no time in refining and improving their products as quickly as possible to improve the user experience and thereby cement a monopoly position within their respective industries. Even now, though, they cannot rest too easy and can only scale back their original intensity by a certain degree. Right now they are continuing to research their users’ needs and are constantly in the process of developing new functionality to meet users’ needs. Think about it for a moment: if Taobao and QQ had from the very beginning only been concerned with collecting revenue, what would have been the result? For example, in the beginning, QQ could have limited the allotment of QQ numbers so that they became a kind of precious commodity, enabling them to charge a fee for each number. Alternatively, they might have established a rule saying that text-based communication between users is free, but sending images requires a fee and sending videos and files requires a fee based on the amount of data transmitted. Had they taken this route, their competitors would have been overjoyed and Tengxun [Translator’s note: the company that operates QQ] would have been history. However, Tengxun is a smart company. They made use of the QQ service completely free and, after attracting a large base of users, collected revenue from peripheral services - for example, one of their biggest revenue sources is games. I think that some of the miners are too impatient. After all, as it stands right now bitcoin remains something used by a very small minority of people. Its foundation is still weak, but as the user base grows, its foundation will become stronger and more secure. When that happens, the miners can start collecting revenue for some of their services and since the base of users will be huge, total profits to be had will be significant. This is what Tengxun did. You have to let users think they are getting a good deal if you want them to use your product - this is the same principle behind promotional store sales. For example Didi Taxi [Translator’s note: Chinese Uber] burned through a lot of cash initially in the hopes that they would establish a large user base, increasing user reliance on Didi Taxi, after which they had a stable profit stream. This is a principle that I imagine we can all understand. [Reply #1] Posted by yuxuan (Moderator) BTC should not be considered a payment system, but is rather a store of value like digital gold. If you look at payment functionality BTC falls short of many competing coins, and these competing coins fall short of Zhifubao [Translator’s note: Chinese Paypal] and Weixin. [Reply #2] Posted by zzgm720 (Deckhand) @yuxuan In the grand scheme of things crypto-currencies are still in the early phase of their earliest stage. Nobody knows exactly what they will ultimately develop into. Therefore my feeling is that you shouldn’t try and define them too early but rather let them develop and let them adjust and establish their own position as the marketplace changes. The most important mission at this point should be to attract more users to understand, know and use bitcoin. [Reply #3 (Recommended)] Posted by kcb (Crew Member) Well said! But what exactly is the source of the Hong Kong Consensus? It’s the fact that Blockstream Inc. CEO Adam Back is using every underhanded trick at his disposal to delay and hold down China’s miners and make sure they don’t run Classic. Why do they want to delay? Why 2017? Because that’s how long it will take until Blockstream Inc.’s product, the Lightning Network, is developed and tested. They think that by the time 2017 rolls around and the network is congested to the point of near failure that bitcoin users will have no choice but to use their Lightning Network to transact and of course they will collect a large amount of transaction fees in the process. Why do they want to steal transaction fees from the miners? Because Blockstream is a VC-funded company and the goal of any VC operation is of course to make money. How will they make money developing the source code for their product? By developing a side-chain and siphoning off the miners’ revenue source, allowing them to easily suck the blood out of the bitcoin network. That is why I support this post by Sanpangge. [Translator’s note: the linked post is titled “Blockstream’s Adam Beck is a Scammer and Blockstream is a Scam Operation”] [Reply #5] Posted by 510685947 (Pirate King) Satoshi’s original vision for bitcoin was fine. After making all sorts of changes we’re just right back to where we started. [Reply #6] Posted by zzgm720 (Deck Hand) @510685947 We should only change the things that need to be changed. For example if the hard limit of 1 MB is not changed, then bitcoin is going to be nothing but a niche project. If you wait for other coins to step over you and you don’t make progress yourself, you’ll ultimately find that you’ve been surpassed and abandoned. You can’t just rely on your first mover advantage!
I want to understand the benefits compared to modern digital alternatives, like credit/debit cards for buying from businesses, and Paypal for transferring to friends/family. I don't feel distrust for my government or major organisations. I'm not an investor or playing the market, I just want to understand how it can be a useable currency. I've researched what I think the benefits would be, but don't understand everything. It seems like most places say that it is more instantaneous, and you pay fewer fees. These sound like great benefits to me, but is it right to say that it isn't actually the case now, in early 2018? ----- What I think I understand: ------ No Fees I read that you can send money directly without having middlemen charging you fees. That sounds cool. I can already do that with fiat money, for free, instantaneously, if sending to family/friends, using eg paypal. But there's charges sending fiat money to businesses. If it's not a charge that I see, then the business is getting charged and their prices will be a bit higher to compensate. So there's a space there for bitcoin to solve that problem! Great! But then I read that bitcoin fees are actually currently higher when buying from businesses? Is that temporary? Will fees eventually become lower using bitcoin? And if so, what gives bitcoin the potential to have lower fees than digital fiat money? I get that if i want some entity to use electricity and computing power to allow me to pay someone else, with safeguards against fraud etc.. it will cost. Someone's running a server somewhere using electricity. What makes the bitcoin system able to charge lower fees than the existing systems? Speed I read sometimes that Bitcoin has the benefit of being quicker. But It seems that that is no longer the case? You have to pay high fees to get quick transfers, and some people report waiting for days? It's also the case that current digital money transfers is pretty much instantaneous, so is this even a benefit? Atomicness You can't reverse a bitcoin transaction. But if I pay for goods online and the seller doesn't deliver, I want to be able to reverse a payment. So do I have to use a third party middle-man when buying online? Trust Some people don't trust the government and big organisations. I guess that means they don't trust any exchanges and third party bitcoin apps either, and only send money direct. I can see the benefits from their perspective, because they can trust the bitcoin exchange instead of evil companies. But sometimes you need to place trust somewhere, eg buying things online. I'd rather trust ebay than a person I don't know who might not send me what i asked for. So surely there will always be some business in the middle I need to trust if I want to use a currency online. So how does bitcoin solve the trust problem? Thanks for any help understanding!
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