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Bitcoin and Altcoin Faucets

Faucets are websites, where generous (or not so generous) people give out BTC, most of the time in exchange for advertisements. Usually, you also have to solve Captchas in order to prove that you are not an automated bot. More often than not, these sites load pop-up windows with occasionally questionable content, but that’s how these sites make money. (I recommend a good anti-virus program!) Usually, you can never get more than a few Satoshis. A Satoshi is 0.00000001 BTC, or one hundred millionth of a BTC, the smallest BTC fraction the algorithm can currently deal with. Since the minimal amount of BTC in a transaction is currently 5430 Satoshis (0.00005430 BTC), these sites usually pay to another site, where the micropayments accumulate until your faucet earnings are over the minimum transaction limit. When you have exceeded the limit, these micropayment sites will pay out to your Bitcoin address.

Bitcoin Faucets

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Bitcoin Part 4 – Wallets, Sending and Receiving Bitcoins, Faucets, Exchanges

This is part 4 of my series on Bitcoin. Part 1 featured an introduction and can be found here, part 2 discussed the mysterious operation of creating Bitcoins, called mining, and part 3 explained the public ledger, the block chain. For those of you for whom this was all a bit too theoretical and/or esoterical, what with all the Byzantine generals floating around, here’s a practical guide.

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Bitcoin Part 3 – Hashes, Public Key Cryptography “for Dummies” and the Block Chain

This is part 3 of my series of blog posts on the topic cryptocurrencies. The first, introductory part can be found here. The second part on mining can be found here.

Recap – Bitcoin = direct electronic transactions without intermediary

To recap, I explained the main idea behind the Bitcoin protocol, which allows electronic peer-to-peer transactions without an intermediary. In brief, the process works as follows:

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Bitcoin Part 1 – Byzantine Generals and Pseudonyms or: What is Bitcoin?

In preparation for my upcoming presentation at the American Translators Association’s 56th conference in Miami with the title “Bitcoin and Other Cryptocurrencies – Illegal Money or a New Global Payment Option?,” I am going to write a series of blog posts on the topic. To anticipate the answer to the question in the title of the presentation: Bitcoin is both, or neither, depending on how you look at it.

Now, that’s not a very satisfying answer, so let’s start at the beginning:

What IS Bitcoin?

Actually, let’s go back even further: What is the IDEA behind Bitcoin?

The idea behind the Bitcoin protocol is to facilitate virtual transactions without a trusted intermediary.

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Global Voices: We Are Working To Prevent Explosions – Spoken Word in East Africa

“The youth… are like time bombs. We are working to prevent explosions. If words are never let out, we’ll explode!” … Read the whole article on Global Voices.

I have just translated another article for the German edition of Global Voices, this time about art and freedom of expression in Africa. The translation can be found here: “Wir wollen Explosionen verhindern: Spoken-Word-Vorführungen in Ostafrika”.