/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
[Coinality.com](https://coinality.com) is a job board where employers and job seekers can connect for job opportunities that pay in digital currencies such as Bitcoin and Litecoin. Jobs range from one-time to full-time and negotiations are handled independently between the two parties.
New and Improved Bitcoin Job Board Launched? What do you think?
Hi, I've been busy for a while as a part of this new job board project. Now that the site is live I wanted to introduce it to the community here to request feedback. It was inspired by the Gavin Anderson quote "Find something that needs doing, recruit some people to help if you need help, and do it. Are you waiting for an invitation or permission from somebody?" All the other bitcoin job boards are for any kind of job or gig that pays in bitcoin. It seems that companies like bitwage have already solved that problem for any individual, even in their existing fiat job. For employers, what seems to be missing is a Bitcoin job board to help companies fill those tough jobs that require skills and experience in and around Bitcoin technology. These individuals are hard to find and getting harder all the time as the market demand for them keeps rising. For these needs, free job sites that rely on organic traffic just can't consistently get the results needed by employers. Our paid job site connects with a network of paid traffic providers on hundreds of bitcoin related sites through our exclusive Talent Mining Engine. Beta testing has shown amazing results in eyeballs on jobs and number of resumes submitted. The site has been built as a closed loop so it only accepts bitcoin as payment. Most of the bitcoin from the job posting fee is immediately distributed through the Talent Mining Engine to the various advertisers in the network, with the remainder used for hosting and other expenses, all paid in bitcoin. While not taking fiat payments will result in some lost business, keeping the entire enterprise in the bitcoin eco-system with bitcoin priced paid traffic and hosting gives the advantage of fast, simple and automatic payments. The site has a 'Need bitcoin?' page to help those hiring that don't currently hold bitcoin. For job seekers, the site is and always will be free, and includes all bitcoin related jobs from companies across the web in addition to our own jobs, without gigs, scams or spam jobs. This makes it a single destination for those looking to work with Bitcoin. Whether you are a developer, project manager, administrator, a compliance officer or anything else relevent. Please consider uploading your resume to the website. The main site was created using off-the-shelf job board software. It turns out, one of the other bitcoin job boards uses the same one and there is definitely a similar look and feel that can't be changed, so if it looks familiar to you that's why. The Talent Mining Engine that delivers candidates was separately developed and is proprietary. I hope the above is helpful background, I'd really like some feedback from the /bitcoin community on their thoughts on our aproach and suggestions for improvements. The domain is... http://bitrecruit.com Kind regards, Paul. Community Manager BitRecruit infoatbitrecruitdotcom
Non-KYC options are listed below, but assuming you have a willing parent or guardian, here's an example of how that would work for a minor in the US via CashApp. Ensure your upfront with the parent or guardian as to what your doing.
Get a summer job with some source of direct deposit income.
Ask your legal guardian to help you open a "Youth Spending" checking account also called UTMA.
Ask for a debit card attached to the account.
Have your summer job paychecks direct deposited to the account.
Download the CashApp and link it to your phone number AND email.
Link the CashApp to your Youth Spending Debit card and checking account.
Attempt to transfer $25 from your debit card into your CashApp, assuming you have the money.
Ask your guardian to fill in their SSN when prompted.
Attempt to buy $20 in stock, ask your guardian to answer the questions.
Go to the Bitcoin section and click to enable bitcoin deposit and withdraw.
Ask your guardian to scan their license and take a selfie.
You can also apply for a CashCard which you can add to Google Pay, Android Pay, Garmin Pay, or whatever. Once all the verification are done (a day or two) you will be able to buy and sell US stocks and bitcoin in the app for a 2% fee. For all of these steps, questions about identity, name and address should all be answered as the guardian, not the minor. So the account name is in the name "Adult Smith" not "Minor Smith". Same with SSN and ID checks. You can choose to put your name on the face of the CashCard and Debit Card since this carries no legal weight. The accounts are all still legally in your parent's or guardian's name. For even lower fees you could ask your parents or guardians to KYC through Binance, Kraken, Gemini or Coinbase to link your checking account to a real exchange. For those with guardians or parents that would not agree to KYC for you, here are some non-KYC options, though the fees are much (much) higher than 2%.
Look at Lopp's ATM List. There may be some non-KYC ATMs near you, but they are rare.
Please remember that bitcon is easy to steal. Since minor's have limited standing in US courts, most exchanges don't want to deal with them. If you proceed there is a 100% chance that someone will try to scam you. Make sure you catch every scammer you encounter, or you will go broke fast. Source: Bitcoin for Kids
Putting $400M of Bitcoin on your company balance sheet
Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots. A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC). Today we'll discuss in excrutiating detail why this is not a good idea. When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust. However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:
Is Bitcoin money?
No. Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves: 1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own. As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get. You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there? 2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile. If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point: 3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away. For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast. On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC While the dollar loses value at a predictible rate, BTC is all over the place, which is bad. One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy. If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due. Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.
BTC has a fixed supply, so these problems are built in
Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense. Having control over supply of your currency is a good thing, as long as it's well run. See here Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well. Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money. Let's look at a classic poorly drawn econ101 graph The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand. Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control. It's also a national security risk... The story of the guy who crashed gold prices in North Africa In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca. He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade. This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.
Currencies are based on trust
Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged? The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president. People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all. It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board. For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government." The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.
BTC is not gold
Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value. How do we know that? Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan. Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well. Some people are puzzled at this: we don't even use gold for much! But it has great properties: First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment. Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials. Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans. It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods. To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that. On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Means of Exchange: if people seriously start using BTC to buy pizzas, then this creates a real demand for the currency to accomplish the short-term exchanges. As we saw previously, I'm not personally sold on this one and it's currently a negligible fraction of overall demand.
Criminal uses: Probably the largest inbuilt advantage of BTC is that it's anonymous, and so a great way to launder money. Hacker gangs use BTC to demand ransom on cryptolocker type attacks because it's a shared way for an honest company to pay and for the criminals to receive money without going to jail.
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.
BTC is really risky
One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds. But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:
A critical software vulnerability is found in the BTC codebase, leading to a possible exploitation.
Xi Jinping decides he's had enough of rich people in China hiding their assets from him and bans BTC.
Some form of bank run takes hold for whatever reason. Because BTC wallets are uninsured, unlike regular banks, this compounds into a Black Tuesday style crash.
Blockchain solutions are fundamentally inefficient
Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science. That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale. The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
BTC was estimated to use as much electricity as Belgium in 2019. It's hard to trace where the BTC mining comes from, but we can assume it has a huge carbon footprint.
A single transactions is necessarily expensive. A single transaction takes as much electricity as 800,000 VISA transactions, or watching 50,000 hours of youtube videos.
There is a large necessary tax on the transaction, since those checking the transaction extract a few BTC from it to be incentivized to do the work of checking it.
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
Hi guys, I'm fairly excited with my new project. I created a web app where everyone can post bitcoin related jobs or tasks for free. The amount is already calculated automatically. Since I am a UI/UX designer by trade, I made sure that the interface is easy to use and looks good. Please let me know what you guys think www.btcjobs.io
[uncensored-r/Bitcoin] World's Largest $Crypto Job Board
The following post by nomadicsurfer is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: reddit: /Bitcoin/comments/6ylhvz The original post's content was as follows:
03-16 08:47 - 'They use BUIP's as a freelance job board for things outside software development, which is a stark departure from the concept of a BIP. I think it's pretty clear that that's what I'm bringing attention to. / edit: the diff...' by /u/stringliterals removed from /r/Bitcoin within 1-6min
''' They use BUIP's as a freelance job board for things outside software development, which is a stark departure from the concept of a BIP. I think it's pretty clear that that's what I'm bringing attention to. edit: the difference between advocacy and shilling is pay. ''' Context Link Go1dfish undelete link unreddit undelete link Author: stringliterals
Hi guys, we are trying to make freelancing for Bitcoin as easy as possible. We are listed on the right of this page as a job board, but we also offer the service of uploading of resume and much more. http://www.cryptogrind.com We are currently looking for members to join our team and make cryptogrind a better experience, PM me if interested. Thanks. @cryptogrind
Hi. I've been looking around at the various bitgigs, elance and other workforcrypto sites, and thinking it's time to reach out and work for some bitcoins. So my questions are; which are the best sites to use for posting gigs (or are there different ones for different skill sets?) and then what kind of approach do you folks feel is the best, just post the skills or also how much I charge hourly? Last question; if people pay me $75 an hour for short term quick freelance gigs, is that a selling point? or should I just ask for 1/4 BTC per hour? Thanks for your help!
Bitcoin Jobs is a collaborative job board. Job listings include work that compensates with bitcoins or are Bitcoin related in some other way. Listings have included full-time and part-time listings however most Bitcoin jobs are targeted to the freelancer. Users can submit a: Text post with Title and Post ; Photo post with Photo (with optional link) and Caption; Link post with Title, URL and ... Work at Bitcoin.com View Jobs. Who We Are . Our vision is to create global economic freedom via peer-to-peer electronic cash. We aim to increase global adoption through the creation of the world’s best Bitcoin Cash technology and services. Bitcoin.com helps every global citizen learn and access Bitcoin Cash via our website, our various products, services, and partnerships. Come explore the ... I carry out research on scientific subjects or subjects that require an extensive search for information. BitGigs is an online job board where users can request or offer freelance jobs, all to be paid in Bitcoins. Though the site claims to review all posts, there is a chaotic edge, with many strange and sexually explicit listings. The site provides no details about who developed or maintains it, and many of its posts appear to be years old. A KickAss Bitcoin Job Board! To post a job, login or create an account Post a Job. Video; Graphics; Fun / Bizarre; Music / Audio; Programming; Technology; Advertising; All Types; Buying; Selling; Contract ; Fun / Bizarre Jobs I’ll make you art. Anonymous. Anywhere Buying. December 20, 2018. Diablo III Partner (US Server) Anonymous. Anywhere Buying. December 3, 2018. I’ll play video games ...
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