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The Daily Paul Needs Your Help. Fundraiser 64% Complete

The Daily Paul turns six years old on January 19th. I registered the domain on on that date, 2007, and the first post went up two days later. After two presidential elections, the DP remains an important online center of the Liberty movement. I loathe asking for money, but it has become critical.

Only shortly after the site became fun again (it wasn't much fun for me during the election season), things have started to break down. Ghosts are haunting the machine. People are having problems voting on posts and comments, and returning comments to certain users. The errors are random and hard to reproduce. Yesterday we were hit again with an erroneous malware alert from Google that suspended traffic and caused ad revenue to plummet. Big Mike said it's like the site has leprosy - everything is falling apart!

Like a car or a house, the website needs maintenance and repair, and I'm asking for your help to do that.

How you can help:

I'd appreicate it if you'd include your username, but that is up to you.

  • Bitcoin:
    Frankly, I don't know how to use Bitcoin very well, but thanks to haze and rpcongress, I'm learning a lot fast. Here is an address you can use to send some bits:
  • 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms

    If anything shows up in that wallet, It'll help me in my education. If someone can educate me on how better to receive bits, please post it in the comments below, or use the contact form.

    It is impossible to know what the future holds, but I have a feeling that 2013 is going to be a big year for us, and the 2014 elections are just around the corner.

    Thank you all for your love support of this community. Here is to another 6 years going forward.

    In deepest gratitude and love,

    Michael



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    Thanks for the reminder.

    Will do!

    Husband lost his job

    but we are still monthly contributors..........just saying.

    Colchester, New London County, Connecticut

    i will be

    Chipping in Friday , please keep up the post.Without this site I don't know what I would read.

    Mailing Address?

    Gonna send money order certified. I quit using banks and don't know how to use bitcoin.

    skippy

    Michael Nystrom's picture

    Skippy - address

    The Daily Paul
    PO Box 271
    Somerville, MA 02143

    Please make any check payable to The Daily Paul. (Cash, silver and gold also accepted ;)

    Thank you!

    He's the man.
    Garan's picture

    You can be a Credit Card company's Worse Customer..

    ..one that always pays off the balance.

    Just never ever use it for regular purchases.

    Then you only need to send one money order per month.

    ..just an idea.

    Better Yet

    Don't have credit cards AT ALL!

    skippy

    They still charge seller 3%

    I think the bank still comes out ahead

    Free includes debt-free!

    metalhed19's picture

    Sent a small paper check with

    Sent a small paper check with my user name on a seperate sheet of paper, please let me know if you get it Mr. Nystrom and thank you for all you have done, ive learned a lot here!

    *Wisconsin Constitution* Article I, Section 25 "The people have the right to keep and bear arms for security,defense,hunting,recreation or any other law-abiding purpose"

    ytc's picture

    Happy 6th Birthday Daily Paul!

    I truly hope we can offer our gratitude and support for all of your maintenance & upgrade needs and more :-)

    Michael Nystrom's picture

    Thank you ytc

    for all of your support through the years. It means a lot.

    He's the man.
    deacon's picture

    engine room to KEPTIN

    engine room to KEPTIN
    i've given you all i cam give,anymore
    and wwe will be coming apart at the seams :)
    deacon

    If we deny truth before your very eyes,then the rest of what we have to say,is of little consequence

    Michael Nystrom's picture

    Scotty! Scotty is that you?

    Or is that Checkov?

    Warp factor 2.

    He's the man.

    Chipped in $10

    thx DailyPaul

    Bitcoin

    The nice thing about getting in the Bitcoin game right now when you have to put some brain power behind understanding it means that when it is much easier (and it is getting there) the value of it will be much higher.

    It is like figuring out how to set up a web server and get a domain address back when there were 3-4 letter .com addresses available.

    Thank you for everything all of you do.

    Contribution Amount:

    $100.00

    Contribution Date:

    January 16, 2013 11:55 PM UTC

    WOW!

    Someone just donated $156 worth of bitcoins! $210 worth raised already, nice!

    Michael Nystrom's picture

    That is impressive

    What can I do with them? Is there a 'bitmall'?

    Sorry for all the questions, and thanks for your patience.

    He's the man.

    Well..

    You can buy electronic stuff in this store with 500.000 items: www.bitcoinstore.com

    Or you can buy bullion with this reputable dealer www.coinabul.com

    Or you can pay for dailpaul hosting..

    Or you can do a number of other things..

    Or you can just sell them and get dollars if you need to do so. It's up to you :).

    Here's a useful link to find merchants that accept bitcoins:
    https://en.bitcoin.it/wiki/Trade
    and here: https://www.spendbitcoins.com/places/

    There are tons

    of things you can do with bitcoins already. You might view the marketplace of the bitcoin forum:

    https://bitcointalk.org/index.php?board=5.0

    Or simply cash them out! The fastest is here:

    https://fastcash4bitcoins.com/

    To pay the least in fees for changing them into another currency use an exchange like the largest:

    https://mtgox.com

    I actually like http://campbx.com too.

    Note that when using an exchange you'll probably need to sign up and use Dwolla to move USD to/from your bank account. Setting up a Dwolla account can take many days for confirmation now unfortunately.

    Michael RE: eBay

    I replied to your eBay info request this morning and forgot that I couldn't reply to you and so I got the red box and lost the info. lol I had to run to town and am back now.

    I sold retired Creative Memories Scrapbooking suppplies. It was a nitch market. I purchased new and used lots from random individuals on eBay and turned around and resold them piecemill on eBay.. I mostly doubled my money. While most customers repurchased multiple items from me it was still very labor intensive. eBay continually updated policies every 6 months or so and most were not friendly for my business model.

    Plus, I failed to read between the lines when adopting the new policies. i.e., when eBay started asking its sellers to give free shipping…I thought they actually meant it so I began giving free shipping on orders of $75 or more. REAL free shipping as I had not incorporated the price of shipping into my items. However, eBay had expected its sellers to incorporate the price of shipping into the items…not actually give free shipping. I could not do that because I sold multiple items to single individuals and there was no way they were going to pay for multiple items with the shipping costs included as if each item were shipping separately, a gouge. Additionally my items were in demand in Australia and with the last change eBay made regarding shipping, they began assessing seller fees on shipping based upon their shipping estimation for each individual item. My problem was that I cram packed flat rate (single price) shipping boxes full of items to go overseas because my buyers were re-sellers on their market. The way the new system worked I was actually having to pay a fee on shipping prices that I was not even charging. Basically, my business model did not work as the system continued to change.

    I had my business for 8 or so years. I started with auctions and then moved to the store model. The first several years were very good as the eBay fees were still low and lots of services were free. By the time I finished the fees had risen quite abit. The shipping fee fiasco was the nail in the coffin for me. One day I was in tears and I told my husband I didn’t want to do it any more and he told me to quit, so I did. He didn’t make me quit, he just let me know he did not expect me to keep putting up with it.

    I really enjoyed it and enjoyed my customers. Scrapbooking people are “nice” customers so I didn’t have any disgruntled people, or people who were out to rip me off. That was a plus and I would definitely say that overseas demand was a plus. It allowed me to charge a higher retail price as the market would bare and it also evened out the summer months here with the winter months there. What I mean is during summer in the US the market dropped out and my overseas sales maintained my profit level.

    Had eBay not had so many policy changes, I would probably still be at it today. It was just disheartening to work so hard and constantly have to re-work listings etc everytime a new change rolled out. I was so busy selling and shipping I didn’t have to to re-work listings to keep up with the changes, and then by the time I did, there would be another change. All in all though, I am happy I had the experience and was able to be at home with the kids while they were little and make some money at the same time

    Donated some bitcoins!

    Please, return the favor by taking a bit more serious approach towards handling the wallet, you are quite capable of quickly learning and understanding how it works and what are the best practices and most of all treat it like money, not some novelty bits. Who knows, maybe you'll get rewarded with even more donations if you do.

    And if you have any questions don't hesitate to ask, I'll do my best to help or point you in the right direction.

    Michael Nystrom's picture

    What do you mean?

    by a 'more serious approach' towards handling the wallet?

    Is it bad to leave that string exposed like that? Is there a primer someplace you can point me to. It seems that the information is spread out all over; somewhat opaque. What I would like is a guide that is all in one place. If you know of such a resource, I'd be most grateful if you'd point it out to me.

    Thank you.

    He's the man.

    You're doing fine

    Giving out the public wallet address (as you've done) is OK as it's how Bitcoin works.

    He just means that if you don't understand how to secure your bitcoins you can lose them. Bitcoins are already very valuable and hackers and scammers target people with them. There are already viruses targeting stealing coins. If you know how to protect yourself from viruses that's of less concern. But ideally you follow the wallet software's recommendation to encrypt it after installing. You should also back up the wallet (at least 2-3 diff places), because your computer/hard drive could crash anytime. That's what he means.

    Nevermind about my "serious" comment.. :P

    Let me help you instead.

    Yes the info is spread out unfortunately, I'm actually building a site that will help solve that but it's not ready yet.

    First of all you need to understand that Bitcoin puts you in the drivers seat of your finances, meaning you get the same freedom as you do when you are your own chauffeur in a car but you also get to be likewise responsible for your actions.

    So to first answer your question, yes it's not the best idea to just paste an address, not because you'd be vulnerable to theft but because you reduce your privacy and the privacy of those who donate to you. As you may have noticed all Bitcoin transactions are public, and posting an address lets everyone and their grandmother see how much you got and from whom(which might not matter to you as much as it may matter to others).

    Second as I said you are now in the drivers seat meaning you are personally responsible for keeping your Bitcoin wallet secure. How to do this all depends on which wallet software you're using. If you downloaded and are running Bitcoin-Qt from bitcoin.org then make sure to encrypt your wallet and back it up somewhere and write down the password somewhere secure. But this still leaves you vulnerable to some attacks so maybe for larger amounts a paper wallet would be a good idea. I'll link you my reddit post about how to create one here: http://www.reddit.com/r/Bitcoin/comments/16fxfd/how_do_i_sec...

    I think this is mostly it. Let me know if you're using some other wallet software and also if you want we can talk on skype so I don't need to type so much and I can answer pretty much all the questions you may have. Let me know!

    Michael Nystrom's picture

    Yes, I'm using Bitcoin-Qt

    I encrypted the wallet. I am trying to sync it and it is taking forever. The program itself seems to run quite sluggish and slow. I've been waiting for the last 15 minutes. I wanted to finish that and back up my wallet before reporting back, but so far no dice. It just says "Synchronizing Network" and acts like it knows what it's doing.

    In the meantime, I'm not exactly clear on the concept of a "wallet."

    I take it you need a client like Bitcoin-Qt to create the "wallet." And you can create an infinite number of wallets. But there is really no "inside" to the wallet - the wallet just recognizes, or accounts for all of the transactions, and those are all public on the network...

    So how is a wallet validated?

    If what I've said above is correct, can you explain how a "paper wallet" works. I read your instructions on Reddit, but I'm missing something conceptually crucial, but I don't know what it is. I'm waiting for the "Ah ha" moment, where it all falls into place and makes sense.

    Thanks both of you for your help.

    He's the man.

    Unfortunately

    you're learning a new technology at a VERY early stage of its development. On the plus side that can be exciting, and it may even make you wealthy depending how things go. The downside is you will experience the bumps that have yet to be smoothed out.

    The wallet sync can actually take a full day now. That has to do with the DB design which is being worked on. Don't worry about it. If you get tired of waiting close the program. Pick it back up anytime your computer is just sitting, like overnight.

    There are MANY options to start handling bitcoins, like using exchanges as wallets, for example. What you do depends on your needs. However, newbies probably shouldn't start with Bitcoin-QT. Using an online host like http://blockchain.info can make the experience more like using PayPal. The downside is you're trusting a 3rd party with coin protection, so small amounts are recommended.

    A paper wallet is hard to explain briefly. The reason it is recommended as an option is because it can't be hacked or lost from any computer problem.

    Also, a "wallet" is created by the software, true. Then the wallet creates as many addresses as you like. Miners on the network validate all bitcoin transactions.

    Michael Nystrom's picture

    Ok - I guess I found my answer

    About how long it will take:

    When the wallet client program is first installed, its initial validation requires a lot of work from your computer's hard disk, so the amount of time to synchronize depends on your disk speed and, to a lesser extent, your CPU speed. It can take anywhere from a few hours to a day or so. On a slow computer it could take more than 40 hours of continuous synchronization, so check your computer's power-saving settings to ensure that it does not turn its hard disk off when unattended for a few hours. You can use the Bitcoin software during synchronization, but you may not see recent payments to you until the client program has caught up to the point where those transactions happened.

    https://en.bitcoin.it/wiki/FAQ#How_long_does_.22synchronizin...

    He's the man.

    Btw

    The wallet file Bitcoin-Qt created can be exported and imported into some of the other clients so if you decide it's taking way too long to synchronize (it can take up to several days) you can use this method to switch to another client and start handling your bitcoins instantly.

    Personally I use blockchain.info for my "checkings" wallet and a paper wallet for my "savings" wallet.

    Also..

    in order to spend your Bitcoins that were sent to your Bitcoin address in your wallet file that you created with Bitcoin-Qt, this software will need to download the entire blockchain first.

    So instead of waiting and always keeping this up to date you can opt for a so called light weight client or even an e-wallet client. These clients already have the blockchain downloaded on some server and you can start spending your bitcoins right away. But of course you are dependent on a server which means there could be potential security issues that you must consider.

    You can find a list of wallet clients here: http://bitcoin.org/clients.html or you can use the reputable ewallet blockchain.info.