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Bit Coin monetization question.

by tym733
19 replies
I am planning to make a Free movie streaming site. And intend to monetize in by doing membership enrolment. Then setting it so that members have to go CoinTube.TV - Free Bitcoins for Watching TV! after 3 shows to earn Bitcoin for my website. Will there be any problem?:confused:
#bit #coin #monetization #question
  • Profile picture of the author TravisO
    Hi, payments gateways has no problem. I can feel all the ideas in your mind were all fixed up. However, the only problem you will have is to hire developers which would fix up your website immediately. See also if bitcoins supports the website you are planning to accomplish. Well then good luck!
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  • Profile picture of the author writeaway
    I keep hearing the big money is in 'mining consortiums.' I wonder what the legalities are...
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  • Profile picture of the author butters
    Isn't there only 22 million bit coins ever made? What's the going rate for 1 bit coin? Last I read it was about 60 bucks, I may be wrong tho.
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    • Profile picture of the author tym733
      Bitcoin Miner for Websites - Bitcoin Plus another way to monetize websites.
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    • Profile picture of the author jasonallvall
      Originally Posted by butters View Post

      Isn't there only 22 million bit coins ever made? What's the going rate for 1 bit coin? Last I read it was about 60 bucks, I may be wrong tho.
      $150 plus now! I just need to find a broker and then im in
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    • Profile picture of the author panic
      Originally Posted by butters View Post

      Isn't there only 22 million bit coins ever made? What's the going rate for 1 bit coin? Last I read it was about 60 bucks, I may be wrong tho.
      21 million bitcoins is the total that will be 'created'...this will occur around 2030.
      Over half of that has already been created.
      Check out the wikipedia for more info.
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      • Profile picture of the author Old Man Perry
        Originally Posted by panic View Post

        21 million bitcoins is the total that will be 'created'...this will occur around 2030.
        Over half of that has already been created.
        Check out the wikipedia for more info.

        Yeah, you are right. I didn't know people were still into this bitcoin scam. That's what it all is. A scam built around the propoganda of freeing this country from the from the federal reserve.

        With only 2200 hundred bitcoins ever available, that means it's even worse of a scam than fiat currency, which is pretty bad. It means there will only be a handful ( if that ) of rich bitcoin people and the rest of them will have wasted time and money they will never get back.

        You should see the expense in computer equipment and hardware alone that I have seen some people get just to mine bit coins. It's a scam which is pretty much like a pyramid scheme. thousands or millions work their you-know-what off but only a scan few of the founders will get rich or make any money.
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  • Profile picture of the author TomerN
    Do people with bitcoins watch streaming videos? I feel like most people with bitcoins are those already familiar with the Internet and finding content that they wish.
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  • Profile picture of the author RaySaj
    i agree, i thought bitcoins was for the internet junkies and people looking at long term ivnestment rather than paying smaller bills....perhaps i am wrong..
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    • Profile picture of the author panic
      Originally Posted by TomerN View Post

      Do people with bitcoins watch streaming videos? I feel like most people with bitcoins are those already familiar with the Internet and finding content that they wish.
      Originally Posted by RaySaj View Post

      i agree, i thought bitcoins was for the internet junkies and people looking at long term ivnestment rather than paying smaller bills....perhaps i am wrong..
      There are all types of people using bitcoins...the point of the currency was to create anonymity and an untraceable money trail. That is why the purchase/sale of black market items via bitcoins is such a huge industry.

      A very small percentage of the population knows what bitcoins are let alone uses them, so I would be careful using them as my only form of payment on a website, you will deter a lot of people.
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  • Profile picture of the author charlier
    I think if you can integrate bitcoin with your site that would be cool. Given the fact that ppl will have to earn before that will help keep ppl engaged.
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  • Profile picture of the author mervp
    There is a shopping cart script available on the drupal platform that accepts Bitcoin as payment (Google for it). It would work best if you could by items for the bitcoin equivalent in dollars, since BTC shifts around in value from week to week.
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  • Profile picture of the author danilo
    A good ideia would be to make the users mine for you while they watch the videos instead of after. They wouldnt even know they are mining for you, and they would love your site because it would be easy and "Free".

    You just need a "video player" that would stream the show and use what is left of the cpu/gpu to "mine" the bitcoins. This way there´s no way the users can leave your site without doing some work for you.

    You could even make this "video player" a browser plugin for the user to install, so every time the user open the browser you could make them mine for you...

    Damn, the more i think about this things, the less i belive bitcoin can have a long life.
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  • Profile picture of the author writeaway
    Pro tip (from an investing section of a webmaster forum): many bitcoin miners are also INVESTORS. You might want to upsell them on investment products to subsidize your free video series.
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  • Profile picture of the author 01123581321345589144
    I read that this is a very unstable investment. Bitcoins are dangerous. It's extraordinarily volatile, so unless you've got a lot of money you're willing to use, like to gamble and very educated in the world of investing... stay away. You could make a ton of money as the value jumps like crazy, or you could lose everything all because of a fake coin. Though I guess everything has assigned value... it's fascinating but dangerous. The worth jumps like crazy.

    Is It Time To Take Bitcoin Seriously? | Motherboard
    Welcome to Forbes
    What Are Bitcoins & Could They Endanger the Global Economy? | Video | TheBlaze.com
    L019: Bitcoin P2P Currency: The Most Dangerous Project We've Ever*Seen - LAUNCH -

    SO MUCH CONTROVERSY! I'd be very careful. Also you can either buy them or mine them via solving complex algorithm problems with super computers.
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  • Profile picture of the author Brains Gone Wild
    Yeah, I'm intrigued by and having been following the Bitcoin saga for awhile now. It's just too new and unstable IMO. There are a million ways to niche it out and capitalize on it but not sure if I'd take the time to fully integrate on site as a processor/gateway just yet. Just my opinion. Either way, best of luck
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    • Profile picture of the author humbledmarket
      Banned
      Originally Posted by Brains Gone Wild View Post

      Yeah, I'm intrigued by and having been following the Bitcoin saga for awhile now. It's just too new and unstable IMO. There are a million ways to niche it out and capitalize on it but not sure if I'd take the time to fully integrate on site as a processor/gateway just yet. Just my opinion. Either way, best of luck
      Agreed, it sure has a lot of potential but a bit too unstable at the moment imho; interesting to see how this goes. Apparently banks aren't too friendly with bit coins and have closed a few accounts of those bit coins exchange operators and thus their exchanges online.
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