Hello steemians, I would like share something to all of you about Moonbit.
First of all, what is Moonbit? I'm sure most of us are already know what Bitcoin is, so I'm just gonna cut it short.
What is Moon Bitcoin?
Moon Bitcoin is a bitcoin faucet with a difference...YOU decide how
often to claim! Whereas most faucets only allow you to claim once per
hour or once per day, we allow you to claim as often or as little as
you like* The faucet will gradually fill up - quite quickly initially
but it will slow down over time - until you make a claim. So the
longer you leave it the more you will be able to claim. You may prefer
to claim a smaller amount every 5 minutes, or visit once per day and
claim the large amount that has built up while you were away! (*
minimum 5 minutes between claims per account/IP address)
What is Bitcoin?
Bitcoin is a payment system introduced as open-source software in 2009
by developer Satoshi Nakamoto. The payments in the system are recorded
in a public ledger using its own unit of account, which is also called
bitcoin. Payments work peer-to-peer without a central repository or
single administrator, which has led the US Treasury to call bitcoin a
decentralized virtual currency. Although its status as a currency is
disputed, media reports often refer to bitcoin as a cryptocurrency or
digital currency.
Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.
Bitcoin as a form of payment for products and services has seen
growth,and merchants have an incentive
to accept the digital currency because fees are lower than the 2-3%
typically imposed by credit card processors. The European Banking
Authority has warned that bitcoin lacks consumer protections. Unlike
credit cards, any fees are paid by the purchaser not the vendor.
Bitcoins can be stolen and chargebacks are impossible. Commercial use
of bitcoin is currently small compared to its use by speculators,
which has fueled price volatility.Bitcoin has been a subject of scrutiny amid concerns that it can be
used for illegal activities. In October 2013 the US FBI shut down the
Silk Road online black market and seized 144,000 bitcoins worth
US$28.5 million at the time. The US is considered bitcoin-friendly
compared to other governments. In China, buying bitcoins with yuan is
subject to restrictions, and bitcoin exchanges are not allowed to hold
bank accounts.
How are my earnings paid?
As of 6th July 2017 all payments from Moon Bitcoin are made instantly
and directly into your CoinPot account.
What is CoinPot?
As of 6th July 2017 ALL payments from Moon Bitcoin are made instantly and directly into your CoinPot account.
This includes faucet claims, referral commission and survey/offer earnings.
How does CoinPot work?
CoinPot is a brand new cryptocurrency microwallet, designed to collect
and combine faucet payouts and earnings from a number of different
faucets/sources - such as Moon Bitcoin. CoinPot supports multiple
currencies: bitcoin, dogecoin and litecoin initially Withdrawal
options include XAPO, Faucet Hub, Faucet System and direct to your
wallet via the blockchain (NOTE: Each of these options has different
withdrawal thresholds and some may incur a withdrawal fee)Other benefits of CoinPot are... 1) Increased security - optional 2FA
- Instant conversion between your coins (COMING SOON!)
What happened to my previous earnings? Don't worry, your account
balance and all your previous transactions have been transfered over
to CoinPot automatically. You simply need to manage these earning via
CoinPot from now on. From now, Moon Bitcoin will show your total
CoinPot bitcoin balance - including Moon Bitcoin earnings combined
with those from other sources.
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