Category Archives: Reviews

Review: Earn Bitcoin Using The File Army Image Hosting Service

I promise this isn’t turning into a video blog. It has been sometime since I’ve done a youtube video and I got bored the other day and decided to put one together. This is a really cool image hosting site I found, that pays you in bitcoin for using the image hosting service.

You can follow The Dood on File Army here: https://file.army/bitcoindood
Steemit: https://steemit.com/@the-bitcoin-dood/
Twitter: https://twitter.com/BitcoinDood
G+ : https://plus.google.com/u/0/+BitcoinDood
And now on Facebook 🙁 https://www.facebook.com/BitcoinDood/

Interview With Sam Patterson From OpenBazaar

OpenBazaar Marketplace logo

OpenBazaar is an open source decentralized marketplace.

BitcoinDood – Thanks for taking the time to do this interview. I was really excited about getting the opportunity to talk to someone from your organization. This has been a project that I’ve followed for some time now. Could you please take a moment to tell us who you are and your relationship to the OpenBazaar project?

Sam Patterson – I’m Sam Patterson, a co-founder of OB1, the company that develops OpenBazaar.

BitcoinDood – OpenBazaar is a decentralized peer to peer marketplace. Could you explain a little about what that means and how it works?

Sam Patterson – Most online commerce today is done by using centralized marketplaces, owned by huge companies. Those marketplaces take a cut of every transaction, they collect the data of buyers and sellers, and they place restrictions on what can be bought or sold. OpenBazaar is different; it’s a marketplace that isn’t controlled by a company or any central organization. It’s a decentralized marketplace, meaning it’s a collection of people running the software and connecting directly to each other in order to buy and sell. Engaging in trade directly means there are no middleman to charge fees, collect data, or censor transactions.

BitcoinDood – I have to admit, when I first signed on I was almost a little nervous and not really sure what to expect. Thoughts of the darknet filled my head, and I was hoping The Dood wouldn’t end up on yet another Government watch list for just being curious… LOL half kidding… Yet I was really surprised to find a fairly tame marketplace, with very little controversial content if any. OpenBazaar is a marketplace not much different from say Ebay or even Overstock for that matter. I found everything from clothing, bumper stickers, to food products and honey. I don’t know why I expected it to be a little more say “Underground” is this a common misconception of OpenBazaar?

Sam Patterson – OpenBazaar started as a fork of the “Dark Market” hackathon entry in 2014, and many still have a misconception that OpenBazaar is an underground or darknet marketplace. OpenBazaar has always been about making trade free for everyone, not focusing on any type of trade or community. We believe that the benefits of a free and permissionless trade platform are significant and should be available to everyone.

BitcoinDood – So this is another really cool opensource software project.Can you tell us a little about the development, the number of people involved, and how the decision making process works?

Sam Patterson – Since OpenBazaar began in April 2014 it’s been open source and community driven. The number of contributors has fluctuated, but there are several dozen people around the world who have submitted code and hundreds who have tested, opened issues, and submitted bug reports. The majority of the work has been done by the developers working for OB1, the company founded in order to hire dedicated developers to build the platform. Our project leader, Brian Hoffman, has been leading the development since he started the project initially.

BitcoinDood – OpenBazaar bills itself as a decentralized network for peer to peer commerce online.There are no fees and there are no restrictions. Without fees, how does the project fund itself?

Sam Patterson – Originally the project solely consisted of volunteers. Eventually Brian Hoffman, Washington Sanchez and I decided that we wanted to form a company to hire dedicated developers and build OpenBazaar properly. We formed OB1 and obtained venture capital investment. As of the end of 2016 we’ve raised $4 million in venture capital. OB1 will offer value-added services to OpenBazaar users in the future in order to make money, but will never change the software to force users to pay fees.

BitcoinDood – So to go back to my earlier statement about not knowing what to expect the first time I logged on. OpenBazaar encourages an open market without any restrictions yet when I logged onto the client I was surprised to see how tame the listings actually were. Are there any restrictions on what users can post? How does the marketplace maintain such a “wholesome” environment without any restrictions? I was really surprised at how professional, and mainstream the offers I found on your platform were.

Sam Patterson – There are no restrictions on what a user can post. We encourage users to list their items as NSFW if applicable, and in the software there are tools to block other users if they offer items that you don’t like or they are harassing you. Most people just want a platform where they can buy and sell without fees and other restrictions while using Bitcoin, and OpenBazaar is the only place to do that right now.

BitcoinDood – Currently you can only make purchases with bitcoin? Are there any plans to add other cryptocurrencies down the road?

Sam Patterson – In the latest release we added ShapeShift integration, which allows users to spend a variety of cryptocurrencies. Bitcoin is the core currency because it’s the most widely used cryptocurrency and has all the necessary features (such as multisignature transaction).

BitcoinDood – I’ve loved everything about OpenBazaar so far. I have to say though the software wasn’t the easiest to get working. I run an OpenSuse laptop and had to do a bit of tweaking to get it running on my machine, but hey that’s linux, and that’s almost the norm for linux users. I did however try to install the software on a Windows10 PC at work and to my surprise also ran into some difficulties with the install. When I did a google search I discovered I wasn’t the only one. Is there an effort underway to make the install process a little easier? Granted once the client is installed and running it certainly is worth the effort.

Sam Patterson – Getting peer-to-peer software to install and connect correctly across all operating systems and network configurations has proven difficult. We’ve tried to make the process simpler and more reliable, but we’re aware it doesn’t work properly for all users. Fortunately, the 2.0 version of the software (to be released this year) makes substantial improvements in installation and reliability. Our community is very helpful and if you have a problem, feel free to join our Slack group and ask for help.

BitcoinDood – From what I gather, vendors are kept honest through the use of moderators. Could you explain a little how the moderation system works? Can anyone become a moderator and are the moderators rewarded in some way?

Sam Patterson – Moderators are a third party that both buyer and seller agree to in order to use an escrow system. Using 2-of-3 multisig all three parties have a key to the funds, but two of those parties must agree in order for the funds to be released. Normally the buyer and seller agree and they release the funds when the transaction is completed, but if there is a dispute then the moderator is notified. They talk to the parties and determine how to resolve the dispute, then join with the winning party to release funds to them. Anyone can become a moderator; it’s an open marketplace. Moderators are rewarded by receiving a percentage of the overall transaction when they resolve a dispute.

BitcoinDood – Thank you so much for your time in answering these questions. Is there anything you want to add, or any special news you would like to share that hasn’t already been covered?

Sam Patterson – OpenBazaar costs nothing to try out so we encourage anyone interested in Bitcoin or decentralized technologies to test it out and let us know what they think. The 2.0 version of the software is being built on IPFS, which will allow stores to be visible even when they are offline, and includes many other major improvements. To follow along with the development of the software, check out our blog.

Bloggers note: IPFS stands for InterPlanetary File System A peer-to-peer hypermedia protocol. TechCrunch wrote an interesting article about it here.

BitcoinDood – I ask all my interviews the same last question. Could you share any thoughts or predictions of where you see bitcoin and cryptocurrency going in the future? If I handed you a working crystal ball, what do you think we would see?

Sam Patterson – Permissionless money and permissionless trade are concepts too powerful to not gain traction over the coming years. In countries with devaluation or demonetization of currency, Bitcoin will become an increasingly popular alternative, leading to the adoption of platforms such as OpenBazaar to facilitate use of the currency. Even in countries with stable currencies we’ll see more use of Bitcoin and OpenBazaar because of the increasing growth of the digital economy and diminishing importance of where digital workers physically reside.

Thanks to Sam Patterson for taking the time to talk about this truly interesting project. You can find out more about OpenBazaar and download the software on their website:

https://openbazaar.org/

OpenBazaar GitHub

OpenBazaar on Reddit.

OpenBazaar on Twitter

Special thanks to the OpenBazaar Twitter folks for helping to put this interview together. Much appreciated! Thanks also to Sam Patterson for sharing the OpenBazaar story with me and my readers. Your time is greatly appreciated.

Interview: Rekt&Hodl Shitshirts for shitcoinz.

rekt and hodl designI thought we could welcome 2017 with a fun light-hearted interview. I recently met Rekt&Hodl on twitter and thought it was a fun and interesting project. I sent a DM asking for a quick interview, they agreed, so for my first interview of 2017, I introduce you to Rekt&Hodl

BitcoinDood – Thanks for taking the time to answer the questions in this interview. I have to say I really enjoyed looking over some of the designs you’re creating. Could you tell the readers a little about who you are, your brand Rekt&Hodl, and your relationship to Rekt&Hodl?

Rekt&Hodl – Hey, Bitcoin Dood, thanks for offering us the opportunity to be apart of your story by letting Rekt&Hodl Designs tell our story: Shitshirts for Shitcoinz 🙂 Firstly it’s based out of New Zealand, operating on the more humorous side of the crypto-space as a small startup and lover of Alts / $BTC and the icons and people in the overall community.

The brand itself is reflection of the troubles and idiosyncrasies cryptotraders go through trading altcoins. And some of of the “troubles” by their nature can be an absolute piss-take, especially in hindsight, and I try to play on that.

As a trader myself I’ve experienced firsthand some the lessons crypto can teach you or take from you. This game can be a bi*ch or you can grab a 20 bag, it’s a fickle beast, your either making $BTC or slowly getting rekt over a slow period of time – or fast. And this can put in a position to either sell at a loss or Hodl and prey for a recovery.

That’s when I started to think of the two individual ‘processes’ as a single cycle: you get Rekt and then you HODL —- Rekt&Hodl and I thought that was pretty interesting, and at the time I thought it would be kind of funny to put it on a shirt, and here we are, having a laugh.

It’s great way to deal with a not so ideal situation. Either that or you can start hurling abuse about who is to blame, but that generally gets you nowhere. But, A statement on a T- Shirt though – that’s a classy way to express the grunge of any coins community that they may be feeling at that time (its Rekt&Hodl’s position to capture that and put it on a shirt – I call it “Capturing Culture”).

BitcoinDood – We originally met via a tweet and you turned one of my parody designs into a t-shirt which I thought was really great. These T-shirt designs are a brilliant idea for altcoin enthusiasts with a sense of humor. You obviously have a sense of humor when it comes to crypto trading, was that your sole inspiration for starting Rekt&Hodl, or do you just do it for the LOLZ? Are there other motivating factors behind the designs?

parody startcoin t-shirt

Startcoin or startcon!

Rekt&Hodl – It’s the culture! I think the culture within the trading community is absolutely rich with cool cats! There are social media icons out there that can naturally put together some interesting and catchy slang words. I was reading a tweet from Barry Silbert (or Shill-Bert, as others have said) and he was talking the “wide – lexicon” within the crypto trading community and I completely agree with him. A lot of our clothing designs are directly sourced from the community, be it: Telegram, tweets, memes or great content shows on YouTube – SHOUT OUT to ShitcoinTalk! I think these guys are part of the motivational factor for putting Rekt&Hodl together. If these guys in the grassroots of crypto trading can have a blast discussing their pump and dump campaigns, we too could have a “calculated laugh” in this space. That show, taught me the community is stacked full interesting cats that know their stuff, and that was a real catalyst going forward.

This space is always pumping with hype or rekt episodes throughout each various coin and their associated ecosystem; and being able to tap into that is possibly the most fun part of putting the designs together. In some respects there is a lot to learn from each design – they keep you informed and up-to-date with the latest issues with coins and issues, or hindsight views of ICOs – my personal favorite for inspiration.

BitcoinDood – I think some people are a little too light hearted about altcoins and others take them far to seriously. The Dood, he stands somewhere in the middle.I often find the humor in some of these markets and have tweeted in the past that sometimes FUD ANNS on bitcointalk are almost worth the bad investment because the FUDDERS remarks make you laugh so hard you end up forgetting about the bad investment you made in the first place. How has the project been received from other crypto enthusiasts on the net? Have you received any negativity from butt hurt traders who may not appreciate the humor in what you’re doing or has everyone been pretty positive for the most part?

Rekt&Hodl – Oh man – I couldn’t agree with you more. Some of what the FUDDERS have to say about there bad investments will make you fall off your seat! It can be like watching a slow motion comedy show, and at times, you cant help but agree with them. I think it’s kind of a good to have FUDDERS; it can keep a coins hype cycle in perspective, as sort of reality check.

So far, its mostly been meet with farts and giggles, some of these designs are a complete reflection of what a community is saying, we just jog it down. The crypto community itself is an accepting community and they can be more down for a laugh than any others on the net. I put together a design for a nonexistent coin “Gerber Baby Coin” with an image of Ross Gerber on it and he thought it was hilarious, mentioning it in a tweet. That was a design concept originally started on ShitcoinTalk, and carried on through by members on Bitcointalk.org. There is a lot of laughs to be had in crypto and a lot of cats wanting to have a good time.

BitcoinDood – I’m guessing you must be an altcoin enthusiast yourself. How did you get involved in cryptocurrency? Are you a trader, miner, investor, dev?

Rekt&Hodl – For me, it started when I was watching a report on CNBC discussing the price of bitcoin; which at the time was over $1000 back in 2013. Reminiscent of what we are seeing now, and it all just started from there. I did some reading and watched a few videos, and spent some time figuring out what the heck it is and where it fits in world. At the time I was out of work and had plenty of time to take in an understanding of the philosophy behind bitcoin, which resonated with me; I think mostly because I was reading a lot of Ron Paul books at the time – and those ideas meshed together, somewhat.

But, mostly I’m an investor and enthusiast. I hodl pieces in all parts of this game.

BitcoinDood – You’re currently posting your designs to sites like abphy and snaptee, any plans on starting a small website and taking this to the next level? Have you considered OpenBazaar or Peerhub?

Rekt&Hodl – Wow – honestly, I had no idea it was being posted on abphy 🙂 news to me LOLZ. Well, I’m definitively trying to keep the approach to the market as liquid and organic as possible, and what I mean by this is, that I’m trying to integrate it seamlessly into my day-to-day living – well online living. By using mediums such as twitter, instagram, facebook and snapptee, they allow me to design and market each product at the drop of a hat; and I kind of like that. I’ve operated blogs and such in the past and the costs and time involved can add up; it isn’t to much – but its enough to command a bit your time, and currently, the operation is free, mobile and integrated.

I haven’t considered OpenBazaar before, but after taking a quick glance, it could be on the cards – no fees, yes please!

BitcoinDood – It looks like you’re currently focusing on t-shirts. Have you considered expanding the product line to mugs, pins, hats etc..?

Rekt&Hodl – I think going forward, growing organically, I don’t know what is next in terms of product offerings. I’ll wait for the market to present an opportunity, and pounce. I like throwing stuff out to the wind, and if it comes back to slap me in the face with something, it’s all for the best.

BitcoinDood – I really like what you’re doing and wish you the best of luck in 2017. Do you have anything you want to add about Rekt&Hodl that wasn’t already covered in this interview?

Rekt&Hodl – Thanks Bitcoin Dood; only to say – yes I have been rekt and I generally just Hodl this sh#t – a common strategy I’m sure 🙂

BitcoinDood – So I always end each interview with the same last question. Where do you see cryptocurrency going in the future. Any thoughts or predictions for the future. If you had a crystal ball and could see the future of bitcoin and cryptocurrencies in general, what do you think you would see?

Rekt&Hodl – I think mainstream adoption of crypto in our day-to-day living would be great. A lot of people I talk to about crypto don’t have a clue what I’m saying or whats being put together by innovators in the space, its a shame really. But, I make an effort to preach bitcoin, blockchains, in a more humorous way; it helps people engage with what it is. IRL I talk to co-workers about it as a Nigerian scam, it helps break the ice and opens the door for more serious conversation on the matter. But, if i had a crystal ball – I WOULD LONG EVERYTHING THAT BALL HAS TO REVEAL! A crypto trader has got to make a living.

BitcoinDood – Hey, thanks for taking the time to answer these questions. I’m really looking forward to seeing your future designs and watching your brand grow. Happy New Year from The Dood, and wishing you a prosperous 2017 for Rekt&Hodl.

Rekt&Hodl – Thanks Dood – R O C K O N 2 0 1 7 !

https://www.facebook.com/RektandHodl/
https://twitter.com/RektandHodl/
http://abphy.com/user/rektandhodl
https://snaptee.co/t/b3avt/?r=fb&teeId=b3avt

Disclaimer: Rekt&Hodl have many different designs for various coins in the altcoin space. I really liked the Startcoin designs and used them in this post. The Dood has the utmost respect for the Startcoin community, but sometimes we just have to laugh a little when an investment goes south! For my true thoughts and opinions on Startcoin, checkout this post here.

The Dood’s Steemit Review!

steemit logo So, I finally got over 100 followers and decided to do a steemit review. I figured once I reached a hundred followers I would have a pretty good grasp of the platform and be able to write a fair review. I’ll admit right now, when I first signed up on the platform I was more than a bit skeptical but as time progressed and I used the platform regularly I did end up falling in love with it.

For anyone that may not know what Steemit is, it’s a social network / blogging platform that pays you in cryptocurrency for your posts. Payment is made in the form of STEEM, which is the platforms cryptocurrency, and the amount you recieve is basically determined by the popularity of your posts and the amount of votes each post recieves.

I should state two things right from the start. I was more than a bit skeptical when I first signed up, and I never read the white paper.

My reasoning for not reading the white paper was simple. First off The Dood’s a bit lazy at times and this was one more white paper that I’d have to read. Also, I wanted to look at this as just another social networking platform. Most people don’t read the TOS/EULA of social sites like Pinterest, Facebook, and Google + and I wanted to approach this from an end user point of view. Most people aren’t concerned with the inner workings of their social site, they just want it to work.

With that said, my first impression was that Steemit was a sparse and under-developed platform. I did however keep in mind that the site was still in beta. This is made perfectly clear to all users with the company logo in the upper left hand corner of the site that reads, “Steemit beta”. Fair enough, they’re still working on it, and this was pretty obvious in August when I signed up.

steemit beta

On a side note, I actually signed up earlier with a different account but didn’t take it seriously till STEEM hit $4.00 each on the exchanges and The Dood lost his password to his original account. At that time, people were still waiting to be allowed to cash out. I had earned $50.00 but just didn’t take it seriously.You can bet I kicked myself in the ass when my 50 dollar account was now worth a couple hundred and I lost the password and couldn’t cash out. Derp! First Steemit lesson learned, guard your Steemit password just like any other cryptocurrency wallet credentials. If you lose the password there is no recovery option.

So I’ve been using the site for about 4 months since my initial rocky start. I can honestly say that the site continuosly and consistently improves with new features being added all the time. The once sparse site now allows users to include avatars, profile info in the header, sharing tools, and a way to keep track of followers along with many other improvements made over time. It’s obvious that given enough time, Steemit will not only compare but probably surpass the user experience of just about any other social site available today.

The blogging platform itself reminds me of a cross between Blogger and Reddit. You can post articles and content you create in a blog style format, and your followers can comment and share additional information with you in the comments section like on Reddit. Users have to be Steemit members in order to comment on posts and interact with other users.

The interface is user freindly and comparable to anything you might find on Blogger or WordPress. A first time user can use the built in editor to create a post, and more experienced users can use either markdown or html to format their posts. Either way the interface is fairly straight forward and intuitive allowing most people to create a well formated asthetically pleasing post on thier first attempt.

Steemit editor

Easy to use Steemit Editor

One of the features I don’t like and that many new users seem to have a problem with is image hosting. Images have to be hosted by a third party. This is easily remedied by using a service like Imgur but it can be a little overwhelming to new users. There are however many tutorials throughout the site that teaches you how to accomplish image hosting, and the friendly users or (Steemians) are extremely helpful to new users. My understanding without reading the white paper is that each post is hosted on the blockchain, and adding images to all that data would be a burden on the blockchain.

This leads me to the people. Steemit users or Steemians are truley wonderful people. Most users are very polite, friendly, and eager to help new users get accustomed to the interface. Help is as simple as asking in a post or even leaving a comment asking for help. Most of the users I’ve interacted with on the site are very pleasant, and conversation and interaction is highly encouraged amongst users.

The community is diverse and you can find just about any topic imaginable to talk about. Topics range from politics, cooking, health and wellness, to crafts, wildlife, cryptocurrency and just about anything else your brain can think of.

As far as cryptocurrency wallets are concerned, the Steemit wallet is really easy to use.If you’re transferring STEEM to another user it’s as simple as entering their username, the amount of STEEM to send and entering your password. If you want to transfer to an exchange like Bittrex or Poloniex you just enter the exchange name and place an account number that you recieve from the exchange in the memo box so they know which wallet to put your STEEM in when it hits the exchange. This is a really easy process for people that know and understand how cryptocurrency works, but people new to cryptocurrency do seem to have a hard time getting set up on an exchange and learning how to move around cryptocurrency. Again the friendly community comes to the rescue and help is as easy as just making a post asking for people to help you. The community on Steemit is really great, friendly and helpful.

The platform wallet breaks down into four ways to save your STEEM, you can save it as STEEM, STEEM Power which increases your voting power, and STEEM dollars which are always worth one dollar of STEEM. There is also a savings account you can use to save.

This post is really about the steemit platform, but I’ve read that there are Windows and CLI or Command Line Interface wallets available for STEEM the cryptocurrency. Personally, I don’t think this is an issue unless you start to acquire thousands of dollars worth of STEEM, and some people on the platform do. Then you might want to look at other ways of securing your earnings. Leaving large amounts of cryptocurrency in an exchange is never a good idea either.

So I could go on and on about the platform and the Steemit wallet but this is a review and not meant to be a tutorial. If your really interested in how this all works I suggest you read the white paper, the link can be found at the bottom of the post. For the sake of not turning this review into a dissertation I’ll finish up with some pros and cons.

I’ll start with the cons so I can end on a positive note and because there really isn’t a huge downside to this platform. For some reason the wallet permissions give you 4 public and private key pairs. I don’t understand what these are for and have never had to use anything other than the main password. I’ve heard these are important for future upgrades and services the platform will offer. For now they’re just confusing.

New users to cryptocurrency have a hard time using exchanges and cashing out. Although most people comfortable with using cryptocurrency will find it easy and intuitive, new users get a little nervous cashing out, transferring around their crypto and signing up on a exchange. It would be nice if there was an easier way for new users, this however is a problem that faces all cryptos in general.

Post voting. I’ve experienced nothing but positive voting for the most part. I have heard some people complain about unfair voting practices when posting something controversial or extremely spammy so it’s worthy of mentioning. I’ve had a couple downvotes but never experienced what some people might refer to as “Vote Bullying”, but there are many people that complain about it. If a whale or someone who has accumulated a lot of STEEM Power in their wallet doesn’t like your post they can downvote it. The voting system may not be perfect and may need some improvements over time but for the most part it seems to work. Again the devs are always tweaking things so I’m sure if this is a problem it will be remedied eventually.

My final con and it’s a big one for me from an investors stand point. The payout structure seems fair, but I don’t understand it completely. Again, read the white paper. Now I want it understood that this isn’t sour grapes or “oh I want more STEEM for my posts”. Without naming names, some internet celebrities receive several hundred to over a thousad dollars for a single post. One guy made over $100,000 in a week posting on the platform. These payouts seem a little extreme. Some published authors don’t even make this on their first book deal. These guys are making this with blog posts. For that I say congratulations, but this isn’t my issue with it. My issue with this is that this will amount to millions of dollars of STEEM liquidity that sooner or later will be dumped back into the market. It would seem to me that if just one of these guys decided to dump all their coin, and these things happen from time to time, it would wreak havoc on the market price of STEEM. Maybe there’s something in the white paper that safeguards against this, and I know users aren’t allowed to cash out their STEEM Power all at once, but this just seems like a recipe for disaster and could explain the downward trend of STEEM since it was at $4.00 a coin back in July.

Now for the pros! There’s a lot of them. I started out as a skeptic and ended up a believer. I love the idea of people being rewarded for good original content and Steemit does that well. I love that it introduces many new people to cryptocurrency. I love the usability of the platform and the large audience you are instantly connected with. I love the simple easy to use wallet. I could go on and on with all the things I love but my suggestion would be to just sign up on the platform and see for yourself. It may take some time to build up your following, and may take some time to start earning STEEM, but in the end I think you’ll find the experience fun and rewarding.

On a final note, I would strongly encourage anyone into blogging and social networking to give the platform a try. The community is large and growing all the time, and most of the users are extremely friendly. From an investors stand point I’m real bearish on STEEM the currency. I’m watching the market closely and waiting to see a bottom start to form and consolidate before I even consider hodling as an investment long term. I hold some earnings in my wallet, transfer a small portion each day into STEEM Power, and trade the highs and lows on the exchanges regularly. Hey, a traders got to trade! It has proven to be a fun and volatile market to trade. My personal opinion is that if STEEM can maintain a healthy market, and the dev team continues to improve on the platform at the rate they currently are, Steemit should have a long healthy life in the cryptosphere. Regardless of the end, this will be a history making project that will probably change the face of social networking as we know it. Steem on brothers and sisters! Steem on!

If you want to find out more about Steemit you can use these links. Thanks for reading and hope you decide to follow me on Steemit!

Steemit White Paper

Sign up on Steemit

Follow The Dood on Steemit

Site Review: DirectBet EU A Wager On The Presidential Election

I’m not a huge advocate of online gaming or gambling. I’ve played the online slot machines a couple times, poker for dogecoin over at Pokershibes, and the occassional game of online blackjack when I get really bored. The Dood’s just not a gambler. For better or worse, it is a part of cryptocurrency and when I do these things I’ll usually do a site review.

The other day, I decided to look up the odds on the presidential election. What I seen the news reporting and what I seen on social media were two entirely different elections. On most twitter polls Hillary didn’t stand a chance, yet the news consistently reported something else. Frankly, The Dood feels the polls from the mainstream or lamestream media were fixed. Just saying…

Looking at the odds it was just what I thought.  Trump for a long shot at 3.3 to 1 seemed like pretty favorable odds to me. I found the wager on DirectBet EU and bet 1 LItecoin. Yeah, I know, last of the big gamblers LOL. Hey, in real life I’ve never placed a wager with a bookie, although I had a cousin that booked bets, and I’ve never done this online before either.

With that said, in the spirit of adventure and research The Dood sent his 1 Litecoin to DirectBet on Trump for the win at 3.3 to 1. It was as simple as scanning a QR code with my phone to send the 1 litecoin and filling out an online form with a litecoin address so they knew where to send my winnings in the event I won. You could sign up with an email address or simply use an LTC or Bitcoin address without any sign up. For privacy reasons I took the LTC address route.

Direct Bet

The Wager

So to make a long story a little longer, I watched the election last night, Trump won, woke up this morning and discovered my 1 Litecoin investment in now President Trump turned into 3.3 Litecoins. Yeah! President Trump you’re off to a good start in The Dood’s eyes!

Anyway, the site was easy to use, they paid, and The Dood was really happy using the website. When the bet is received by DirectBet you get the transactionID for the deposit, and when the bet is paid, another transactionID is issued for the payment.It really couldn’t of been any easier to do.

With that said, I’m not condoning online gambling. There are no links here, you can find the site on your own. This was simply an experiment in smart contracts and using an online sports book. The Dood found the site useful, easy to use, and a fun way to make the Presidential election a little more interesting and fun, especially when you’re not overly thrilled with either candidate. Hopefully the best person for the job was elected.

On a final note, let’s hope President Trump can indeed “Make America Great Again.”