The good news is that it seems like it's climbing, the bad news is that is almost 1/3 of the first month where probably everyone was trying to figure out what this is and how it works. Diving a bit into those numbers, looking at the average remittance being $195, picking the option of paying in cash at a WU location and cash pick-up in Salvador too (which is not the cheapest), it costs 8$ for 200$, so it means that in the last month Salvadorians have avoided around $500 000 in fees over WU.

Of course, that goes both ways as cash locations offices in Salvador will get a share of that so the money is not completely lost, plus there is the cost with all those ATMs, the infrastructure for them so right now the government is probably heavily subsiding something that has little effect overall. Numbers really need to pick up by an order of magnitude to see some results.

Anyhow, nice that they finally publish some numbers as for a while it seemed that transparency was their last priority
Now I really want to hear some updates on that built for mining brand new geothermal plant  

That's a myth and it was because BBC used an already out od date exchange rate which nobody cared about but stayed there on official sites.
https://zimfact.org/does-1gig-of-data-cost-us75-in-zimbabwe-as-claimed-by-the-bbc/

Besides, electrum is just 40MB and is designed exactly to be lightweight, you won't be reaching that 1GB in years you would exceed that way faster by browsing WoT or looking at cat pics, and when I say faster I mean a few days.



What would be the difference between adopting USD or BTC for the average citizen?
First, they would have to get those BTC , which is the same thing s trying to get USD with a failed currency and will do exactly the same damage to the economy, everyone will rush to sell Zimbabwe currency and buy coins, destroying the peg even more as obviously nobody wants their currency. And after that, where will the money and investment come from magically? In order for the population to make a profit on their bitcoin purchase, they would have to sell it to others at a higher price, you see the vicious circle here?

Bitcoin is money, you need money in order to get money, in order to invest you need to let that money go, it's not something magical, oh we bought 100 BTC our economy will thrive.

Satoshi didn't create Bitcoin to rejuvenate the industry or make some holders rich and never pretend to be a magical cure for everything.
Bitcoin is perfect at transferring value without intermediaries, but in order to do that, you need to have that value in the first place.

And how accurate have TA and charts predicted the situation we're now in?
Have charts and TA predicted the dump when Elon had nothing better to do than tweet pro and against bitoin?
Have charts predicted the slump when Covid hit? Have charts predicted the dump when Russia invaded Ukraine?

Every single time I look at all those "experts" claiming to know where the price is heading I look at their history and see how they were wrong tens of times, with the same logic they use in creating charts after charts after charts.

Guessing the price when it comes to crypto is just gambling, but nobody wants to admit they are just doing guesswork based on nothing.
There is no production capacity, there is no number of rigs, there is no cost for shipping, there is no accurate daily consumption and inventories, and all the data you have when trading oil for example, in cryptos you have nothing! Nothing!

Do you guys even know what FUD means or is it like some sutra chanting for you?
FUD -  Fear, uncertainity and doubt!

Where the hell is the uncertainty and doubt about this?
It's a damn FACT, Voyager has filed for bankruptcy, you have the damn filling just above in the first post, it's as clear as day, voyager is done for!
All of those companies dropping like flies from 3AC, Vauld, Babel kept on life support right now, with their own employees are fleeing and some of you say this is FUD?

 

Celsius not Celcius had the balls to take user funds hostage and rob them, that's all the balls they've had.

The devil is in the details, as always


So what they are trying to do here is get some more funding for their gold reserves that are getting turned into coins, it's basically selling gold at an extra price and not trying to revive the gold standard or anything else.

Coins will be more like collectibles with their own serial number, you'll have to go though KYC and good luck actually trying to use it as something in the real economy, it does say it can be used but how will this actually work? Gold coins were more used in video games than in actual life, from antiquity to the middle ages people used silver coins and often they would split those into two or 4 pieces to cover purchases and depending on the country and age resort to copper pieces for change.

This coin will have ~30 grams, so ~$1700, how could you use it for more than 0.1% of the situations there?

Of course of course, if it's not positive and it's not about laser eyes, the price at 1 million soon it's FUD.

What do you expect with a declining price, with shitcoins getting trashed into oblivion, with the NFT madness dying down, with play-to-earn blockchain 'games" losing millions of players? The amount of money available in crypto has shrunk nearly 3 times, there is less money floating around, and there is less incentive to trade and invest.

Look at the number of blockchain transactions:
https://www.blockchain.com/charts/n-transactions



Despite getting a next block confirmation with 2 satoshi per byte the number of actual transactions is way lower than two years ago, people are either hoarding or ditching usage altogether, and people holding coins in their cold wallets can't be called "active users".
It's pretty normal, it's a bearish trend and until the price goes up again you will not see an increase in active users, it simply doesn't work so.

Yeah, like moths drawn to fire, here comes another scammer spamming his fake recovery service, hopefully, all the messages will get nuked before he manages to scam some victim.


You have zero legitimacy just as you have zero licenses, zero projects, zero assets, and zero plans other than scamming some poor victims who ouwl believe the load of crap on your website that changes every quarter according to the hype you want to attach your "project" too.
If you had any legitimacy you would show something from your mining operations that should have been working for years now and at the rates claimed you should afford easily to start your business without begging on go fund me ...

But the fact that you just copy-pasted the same message on both threads is a bit reassuring, you're running low on credible excuses.

Those are regional things, it's mostly because of particular situations and also a lot of mentalities of the populations.
All over Europe there are different things, from low unemployment when it comes to women in Italy for example, to youngsters in most southern countries to overall less willingness to work in the true economy and more in the black, unregulated in the eastern parts...and so on

Anyhow, when it comes to Europe the employment levels are sky-high, even in Spain,
Spain sees record employment levels since 2008, the EU is experiencing the highest level of labor participation in its history,  74.5 %, it's full 10 and in some cases, even 20% higher than other countries in the world and I'm not talking about 3rd world economies.


Not at all, the EU is experiencing the lowest unemployment in its history:
https://www.reuters.com/markets/europe/euro-zone-unemployment-falls-new-record-low-66-may-2022-06-30/
the lowest level since 1998.

Well technically, both of them are cryptocurrency so that would be an excuse for such a clickbaitish title..
Anyhow, the rest of the article is pretty much garbage and the obvious thing about it is that they link older articles of their own in order to boost the credibility of the story, so it's just recycled news with little to no meaning.

If we go to the original document:
https://www.federalreserve.gov/econres/notes/feds-notes/the-feds-inaugural-conference-on-the-international-roles-of-the-us-dollar-20220705.htm
the sensational push becomes a pull, since the only time cryptos are mentioned in in this context:


How such an attitude is positive for BTC is beyond me.

And as time passes...


The mirage is slowly disappearing and instead of the beautiful oasis, you still get that hyena den full of the bones of the ones that believe in it.
I always said, no matter how you build something, no matter how bulletproof the concept is if the foundation is weak if the people who are building it are cheating on the materials and on the plan, you will not be able to build anything.
This whole trend of corrupt, poor as hell, bankrupt countries suddenly embracing BTC and wow, everything will be fine just because..

I laughed when there was that meeting in Salvador and everyone got angry when I said, those are the poorest countries in the world, those are the countries that have been driven to absolute poverty by the same leaders who are smiling there for photos after steeping from their limos and taking toast in front of a BATM, what do you expect from them?
Just because they are embracing BTC in their political statements do you think they will be less corrupt, they will lie less often, they will finally do something for their own people, the first time in 50 years just because.... what???

You need a solid foundation for a solid economy if the foundation is flawed to the core (insert pun about the fiasco of the bitcoin foundation here) nothing can help.

And look what we have here now, a centralized shitcoin backed by one of the worse companies, how is this shitcoin going to help anything other the pockets of its creators?

Seriously? You're using a word spinner on the post just above yours?
I thought we got rid of those plagiarists but seems like they are coming back..


I think it's more like a crypto mining museum, not just bitcoin
I can see a D3 there which mines blake, a Z9  which is equihash, L3 which is scrypt so probably every single thing Bitmain made an ASIC for is over there.


With enough money you can get everything, there is a guy selling a BL Jalapeno for 500$, I saw some Neptunes, a Cointerra might be harder to get  

This is so rich coming from the guys who told all their members in the signature campaign that they have to either avoid discussing anything about a "special operation" or quit wearing their signature.

Facts, and not ideological differences
- a user's funds were frozen and both you and the scammer exchanged claimed it was because AML regulation, AML and FATF regulations demand that you freeze those assets and you inform the authorities which will then pursue this case
- suddenly when you face a serious backslash on the forum, AML regulations were forgotten and the SCAM exchange you're listing on your website released the funds 9contrarty to the law) taking a 10% cut, again unlawfully
- the SCAM exchange then decided to update its terms and conditions to some lunatic ones, that probably everyone who has any idea how the law works will have a heart attack from so much laughter
- you as an indexer are removing feedback you deem subjective and you're not displaying the real score those exchanges get

Since at this moment you refuse to take action against a proven lying, scamming, and unlawfully in any jurisdiction on this planet exchange, don't you think you're reaching the moment where our "subjective" evaluation might also start to take form and color, red color?


It was Best_Change that did so in their reply, which I'm also quoting but since they want to play that game I'll join

Kind of ironic, isn't it? Bitcoin has helped a few become exactly the ultra-rich elitist that just helps widen the gap.
And even ignoring those few, Bitcoin won't be able to somehow make just the poor middle class and the middle class richer without also making the ones who have enough money to throw thousands of dollars at BTC even richer.
I really don't get those threads that still cling to some hope of wealth redistribution over and over and over.


To transfer large sums of money via BTC you need large sums of money in the first place to buy those coins, and poor people don't have those large sums of money, and far more importantly, the 6 billion who live paycheck to paycheck really don't care that much about sending and receiving daily millions across the world.

Bitcoin does perfectly what Satoshi designed it to do, all the rest is just things people want to believe BTC could be capable of if all the stars align.

This way of thinking hasn't stopped you from claiming things about every European country on the map despite never setting foot there..


Yeah lol, let's believe the guys who
- claimed sunflower oil was nowhere to be found in Germany when stores were full
- the guy who claimed the bankrupt UK paid half a billion for two spies captured in Iran
- the guy who claimed that two rockets fired by Iran destroyed American equipment worth trillions
- the guy who claimed 6000 American soldiers died killed by Iran strikes
 the guy who claimed American weapons are shit despite the global superpower intergalactic army of Iran still flying F4 made in the US 60 years ago

And when presented with accurate data from his own government, then the data...is not that is this and it's not that because ...


So the price went up but the subsidy that was just canceled is making those prices not going up...
https://www.france24.com/en/live-news/20220619-inflation-subsidy-reform-hit-stomachs-in-isolated-iran

Yeah, have fun lying to yourself and dreaming Iran is a superpower, and the western civilization will collapse just because you got your green card denied..meanwhile, the reality is entirely different.


What a nice way to say that 80% of the population is facing starvation and the government is helping them with...10$ a month?

Yearly inflation in the US hits 8%
- the US will go bankrupt
Monthly inflation hits 13% in Iran
- the US will go bankrupt 

Just laughing at those ToS


So basically if the funds seems to be stolen they are charging a 10% money laundering fee.
I can't wait, hope I don't have to go to discord to see how the wanna-be lawyer saxydev is going to explain how this 10% is a requirement by directive 69 of the FY constitution.


Wait, so if it's forbidden, then why do you accept them and take your 10% money laundering share? 


And releases them after taking a 10% cut.
At this point, there is nothing left to debate, scammers, law breakers, liars, so I'm waiting to see bestchange next move...

 

Interesting, indeed interesting..
What a success story if you were to believe what the propaganda tells you..

So, looking at what the Statistical Center of Iran says here:
https://www.amar.org.ir/english/SCI-News-Archive/ID/18460/consumer-price-index-in-the-month-of-khordad-of-the-year-1401


there are two options left, either the Iranian government is lying in its statistics, or you're the one doing the lying.
But maybe, since the rial is doing a /100 or /1000, can't remember the zeros anymore,  against the dollar maybe a 80% increase in food price is the normal thing there, and locals call it a "small" rise.

Nothing.


The highest grade mines in the world roughly get ~20-10 grams per ton.

So 31 million tonnes of ore will get you 310 million grams, which is 310 tonnes not 320 000.
Unless someone has magically discovered a mine that contains ore with a quality of 1000x more than anywhere in the world, then the next most possible thing is somebody put a , instead of a .

So that gold in Uganda is just as real as the prince in Nigeria.

Reminds me of
CZ threatening to sue nikkei over irresponsible journalism when he was already on the plane feeling the country.
Do Kwon calling everyone cockroaches and fud spreaders
Alex Mashinsky twisting "Don’t listen to the FUD-ers, look at the facts"

Every single time I see one of those CEO having a crisis over Twitter and shouting about FUD I have a feeling to go all in and bet they are already bankrupt.
Shouting FUD has become the last step of denial lately.

Not at all, people who are considered unemployed in the statistics are the ones who don't have a job and are actively seeking work, the ones that don;t have a job and are not seeking any are not considered in the statistics.

For the ones wondering why OP is quoting the 50% number.
There is another statistic, that of employment level, it considers the total civilian noninstitutional population (over 16, not in prison not in the army)  and the total employed workforce.
In the US there are 261 million people available for work and 151 million who actually work, so that would bring the rate to about ~60%.

But real unemployment and employment level are different things altogether.

You didn't watch the video, right?
He failed, he only managed to get 14 days, he lost the challenge, so before explaining it to others do watch it yourself, all of it not just the title.


Bruh, you're just overreacting.What, I'm not allowed to make jokes about bitcoin now?
Rather than the people who are making jokes hating the ones owning coins I feel like the ones that are holding coins are full of anger cause they are losing money right now and they are grabbing anyone who isn't singing bullish patriotic sounds by the throat.

Go out and have some fresh air, and if you can't take a joke maybe this investment game is not for you.