BitCoin! A new way to pay and get paid. | bitcoins, bitcoin, paypal, btc, xbt, nyxbt

What is Bitcoin?When people say “Bitcoin” they are referring to one of two things.

1.       A digital/crypto currency.
2.       A payment system used for sending and receiving money online.

Bitcoin as a Currency Bitcoin is a digital, decentralized, peer to peer, pseudonymous currency based on cryptography. If that sentence made no sense to you, don’t worry  – I’ll break it down for you.
·         Digital – Bitcoins exist only as code, they do not exist as anything physical. People can (and have) made physical representations of Bitcoin, but ultimately they are based in the digital world.
·         Decentralized – There is no central bank or institution that issues or controls Bitcoin. It is a group of individuals all over the world who run the program that keeps the monetary system running.
·         Peer to Peer – You control your own Bitcoin, and when you send Bitcoin to someone else, it goes directly to them. There are no banks or middlemen.
·         Pseudonymous – While all Bitcoin transactions are publicly view-able in an open ledger called the Blockchain (we’ll get to that later), the sender and receiver are only known as a string of numbers and letters. If you’re careful about your identity, using Bitcoins can be done anonymously.
·         Based on Cryptography – The strength of Bitcoin as a digital currency lies in the code, which uses strong cryptography to ensure that the coins cannot be accessed without proper permission. Bitcoin is the first digital currency that has these characteristics, and as a result it is the first digital currency to become widely adopted on the internet. As of June 2013, it is handling nearly 60,000 transactions each day, and this number is accelerating quickly.

 

Why Use Bitcoin in Pakistan:

Bitcoin is Big news for Internationale buyers and sellers. It is no secret to Bitcoin users that digital currency makes PayPal’s model of online transaction look somewhat archaic by comparison. While the method was the darling of the online community in years gone by, the rapid advance of Bitcoin in particular has caused PayPal to come increasingly under the spotlight recently.

10. Lower Fees

This is usually the first advantage of cryptocurrencies that you hear from Bitcoin enthusiasts and experts. And this is certainly true as PayPal has been notorious for imposing hefty transaction fees on users of about 3%.

9. Community Support

You can also think of Bitcoin like an app on the Bitcoin network. This means that the protocol, add-ons, and supporting infrastructure can always be further developed and improved to suit the needs of consumers and all users.

PayPal was not constructed with this in mind and has a considerably narrower potential field of operation. In other words, while PayPal can certainly afford to pay its own team of talented programmers, it still will not be able to innovate at the same rate as a decentralized network of developers spread across the entire world.

Truly Global

PayPal is not available in every country with notable exceptions being Iran, Afghanistan, North Korea, and Haiti.

Bitcoin on the other hand is the first true transnational currency because it is border-agnostic like the Internet. In other words, it can be controlled to an extent on a very local level but cannot be shut down globally unless electricity is shut off everywhere in the world.

Unlike PayPal, Bitcoin can offer citizens living under oppressive regime a way out. People using this border-less currency can circumvent state supported financial monopolies and establish their own local economies.

Less Friction



With Bitcoin, it doesn’t matter whether you send 1 cent or 1 billion’s worth, the transactions fee is the same (approx. US$0.02) or btc 0.0001. And since it’s actually your money, it is only logical that you should decide on the amount you want to send.

Decentralized

The decentralized nature of Bitcoin means that there is no single clearing house monitoring and controlling the network. This ‘trust-less’ payment system greatly increases the security of a network as there is no single point of failure such as from a DNS attack, for example.

Versatile

To use PayPal, you must be online and have a credit card. In contrast, Bitcoin can be sent offline via email or even SMS on a Nokia dumb-phone.

Privacy

While Bitcoin is not truly anonymous, it can still provide a certain level of anonymity or pseudo-anonymity for users if they know how to cover their tracks and manage their digital wallets – a process that is expected to become more user-friendly with time. Additionally when using bitcoin you can pay directly to the receiver without providing any data hence safe guarding you towards future hacks on the site that you are paying.

In contrast, this is impossible for PayPal users as they are required go through the burdensome process of filling out long forms to prove where the money came from and what it will be used for. This is particularly true for international users.

Freedom

This is the overall most important point that cannot be stressed enough. Bitcoin lowers the barriers for all to participate in global commerce.

While this may seem trivial at first, consider that almost 2.5 billion people on this planet do not have bank accounts and thus, cannot use PayPal. Bitcoin has the potential to finally bring almost half of the world that is unbanked into the global economy, which can then be truly called Global.

Indeed, with Bitcoin, a local farmer in Tanzania can receive bitcoins on his mobile phone with the nearest bank or western union location being a hundred miles away. He is also able to send payments and be an active participant in the global economy. The same holds true for Pakistan. The masses have seen the success in high cost money transmitters such as easypaisa, mobicash, ubl omni or upaisa etc. Bitcoin can be the source of a cheaper solution to all if accepted by masses.

Thus, Bitcoin enables true globalization that is inherently inclusive and egalitarian, although how this technology is implemented is ultimately up to us – the users.

Adsense, Ads, Marketing and advertising (Bitcoins, btc) | bitcoins, btc, ads, adsense, google adsense, urdu adsense, marketing, advertisement, bloggers, pakistani bloggers, bloggers pakistan

This article is to cover the use of marketing services similar to adsense. While I will cover these with information with retrospect to Pakistan they should hold true for most countries with a few exceptions. Currently there is high demand for adsense and its ads placements in Pakistan. From my recent interactions with bloggers and eCommerce websites its evident that a vast majority of Pakistanis are producing great content that is being ranked really high and driving in authentic traffic. Similarly I look at the other end from marketing stand point of view this is great not just for international searchers but also for local searchers. In regard to this I have also seen many new bloggers trying to get into this field and make money. While there is real competition I would like to highlight a method that might go hand in hand and help both the marketing company and the bloggers by using services similar to adsense.

Marketers & Advertisers :

Currently people in Pakistan resort to ubl wiz cards or prepaid cards because its just very difficult to understand how adsense works. Most people dont even know the keywords they want to search hence they tend to stay away from adsense and turn to facebook marketing. While facebook is good to get your products viral I personally believe that adsense is better marketing platform and should eventually generate more results then facebook advertising.  A similar platform by the name of a-ads. There are many other similar platforms available but I will pick this one due to its anonymous nature.

For a eCommerce or retailer or any new startup its quite difficult to have a high budget to market on high ranking websites so services such as adsense, a-ads or facebook present a low cost high turnover return reward possibility. Now the question that might comes to ones mind is why a-ads and not adsense? To answer that let me get into a bit of detail. Adsense requires high traffic websites inorder for them to be approved and get paid. While this makes sense for most people going through the entire setup for a businessman who is just looking to run a new or an old setup becomes quite confusing and hence he has to resort to either hiring someone and paying them to do this work for him. With this setup comes risks and rewards. People tend up putting their credit card numbers and details onto google server for their employees to use for marketing their products. This has its risks. Which in my opinion are very high. This reason and the fact that bitcoin is anonymous like a-ads is why I prefer putting an ad campaign which is much simpler doesnt require information and you can simply deposit funds in bitcoins so that your personal data is secured and not sitting on remote servers.

A-ads has been around since 2013 so its not a new website. I believe their fees of 20% is a bit high but for a small setup that is reasonable. If you accept bitcoins I think this is the best way to market your products since this will mostly please the btc community generally. If we look at
https://a-ads.com/catalog Link  we will see:

Selected category gives ~773551 impressions per day and includes 4503 ad units.
CPM: 0.00154157 Ƀ ($0.40), CPC: 0.00002542 Ƀ ($0.01)

This shows that displaying your ads on a-ads is relatively cheap against if you were to use facebook ads or adsense. This is the added advantage. To add to this its also known fact that most people dont generate sales in btc unless there is a discount involved. So even if you do accept btc doesnt mean you will generate too many sales. But you will be able to market your product to the world and very low costs with the same btc you are earning. Is this all worth it. Well it doesnt hurt trying.

Bloggers:

The question is why use this if you have adsense? Well for once it doesnt matter which type of blog you have as long as you generate some kind of traffic you will get paid. Lets be honest here I did a test and have integrated a-ads here and while I am not going to be earning much I am going to be making something. The setup is such that I hardly get around 20-40 people daily in total from http://bitcoin.com.pk and http://bitcoinpk.com and I am still able to generate small amounts of income. While this might not be big its better then nothing and ads out to atleast cover the cost of the domain and blogs after a year. This is based on my current earnings for around 2.5 days that I see this happening. Since I pay for my domains and hosting in bitcoins through namescheap it makes the cycle or well worth it. The one thing to note here is for people who would want to replace adsense with a-ads while it doesnt really make sense if you are earning higher amounts there is one advantage you will have over adsense, that is payment through bitcoin which can be cashed out at better rates from urdubit as opposed to using direct bank transfer and services such as western union.

Conclusion:
To wind up this I believe that a-ads is a good alternative to advertise and market your products anonymously and without much risks. Additionally marketers and advertisers have a cheaper solution to market their products on low budget websites and still be able to generate sales. Most ads dont get direct sales but do generate an effect in which the customer is reminded of your services and return once they need the product. I would like to suggest for everyone to give it a go.  Would like to invite Bloggersadvertisers and marketing experts to review a-ads and other such services to help freelancers grow.