But for others, and I'm not going to name them but it's one without KYC and it's also in your country I've seen them running out of 10k euros for withdrawals in a day, and I'm already used to seeing the guys that nearly empties them each week early in the weekend when I go shopping  Same persons loitering for half an hour around, wads of cash pouring, I open the website to check the status, the batm has no money left !  I've only seen similar situations during peak of the bull market in the late 2017, I remember sometimes waiting for half an hour in queue. Situation in 2019/2020 was completely different and 9/10 times there was nowhere there, neither before or after me and of course, with always enough money inside. Situation might have been the same during this bull run wiwth people waiting in queues and ATM running out of money but I haven't visited that BATM for almost two years now. He doesn't have the right "clients".
Yeah I guess. He practically lost me as a client too and now I am using BATM only as a sort of last resort. Why would I pay 6% fee when there are better options to sell bigger amounts, and all that without KYC. |
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I am surprised that the countries in Asia only included Singapore on where BTC was googled the most. What happened to China and their support?
Check my previous post and you will find more countries including the Asian ones, the one OP shared was only the top 10. Regarding the China missing on the least, reason is simple: Google is banned in China. That list could soon be expended with the Central African Republic as the country has become the world's second nation that has adopted Bitcoin as legal tender. The only problem is that very few people have electricity there, let alone mobile phones and internet. Judging by some stats I found, around 11% of the population has access to the Internet. That's a bit more than 550.000 citizens. 14% of the total population have electricity in their homes. As a matter of fact, Central African Republic is the 2nd on the full list with the 94 score meaning bitcoin term was almost as popular as in El Salvador. The reason why it's missing on the list in the first post is because Google excludes countries with low search volume and as you pointed out that only 11% of the population has access to the Internet no wonder that their search volume is low. |
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Anyway, in my opinion I don't think the statistics presented by google are accurate, because if you take a poor country where only a small portion of the society has internet access, it's likely to see a higher number of bitcoin searches, because that is only the educated parcel of the population who have access to google. While there are another countries where vast majority of population has access to internet, including the uneducated ones, so it's likely the number of bitcoin searches will be severely diluted among so many other worthless searches about celebrities, gossips, tv shows and so on... This way, these countries are never going to be shown on the statistics with positive results, although there are a much superior number of bitcoin enthusiasts there in every aspects possible and imaginable (even proportionally speaking), if compared to the top ranked countries.
Your theory would make sense if top consists of mostly poor countries where not many people have Internet access, but that's simply not true. Only 2 out of those 10 (El Salvador and Nigeria) can be called poor, and if you expand that list to top 30, only 3 more are in that group of "poor" countries. Also, I think that even in poor countries people nowadays have access to internet as it's not 2000s anymore, now all you need is a $100 smartphone to be able to access the internet. Not of course as fast and stable like in developed countries, but access nevertheless. Another thing, keep in mind that Google has an option to exclude countries/regions with low volume (countries like Cayman Island, Luxembourg and various tiny island-states). For those interested, below is the full list for the 7 days period, including the countries with the low search volume (you will notice that those countries don't have the rating in this list but can see it if you check the link below the list). El Salvador,100
Central African Republic,
Nigeria,34
Namibia,
Netherlands,26
Liechtenstein,
Turkey,25
Cayman Islands,
Switzerland,24
Austria,23
Curaçao,
Cameroon,
Caribbean Netherlands,
St. Kitts & Nevis,
Antigua & Barbuda,
Barbados,
Andorra,
Canada,20
Sint Maarten,
Slovenia,20
Bermuda,
Bahamas,
Cyprus,
Singapore,19
St. Helena,
Bhutan,
Aruba,
Germany,19
Seychelles,
Mauritius,
Ghana,17
Belgium,16
Czechia,16
Kosovo,
St. Martin,
Botswana,
Papua New Guinea,
Trinidad & Tobago,
Luxembourg,
Australia,15
Northern Mariana Islands,
Suriname,
Chad,
Turks & Caicos Islands,
Croatia,14
Madagascar,
Grenada,
Belize,
Spain,14
Togo,
Benin,
United Arab Emirates,13
Iceland,
United States,13
St. Lucia,
U.S. Virgin Islands,
South Africa,13
United Kingdom,13
Isle of Man,
Burundi,
Slovakia,12
Côte d’Ivoire,
New Zealand,12
St. Pierre & Miquelon,
Ireland,12
Lebanon,
Portugal,12
Jersey,
Gibraltar,
Anguilla,
Dominica,
British Virgin Islands,
Albania,
Estonia,
Kenya,11
Brazil,11
North Macedonia,
Congo - Brazzaville,
Finland,11
Åland Islands,
Malta,
Sweden,11
French Polynesia,
Guernsey,
Italy,10
St. Vincent & Grenadines,
Romania,10
St. Barthélemy,
Guam,
Mali,
Pakistan,10
Brunei,
Zimbabwe,
Ethiopia,
Faroe Islands,
Jamaica,
Argentina,9
Lesotho,
Panama,
Eswatini,
Rwanda,
Poland,9
Norway,9
Colombia,9
Georgia,
Venezuela,9
Maldives,
Bahrain,
Hong Kong,8
Bulgaria,8
Malaysia,8
France,8
Greece,8
Guyana,
Réunion,
Equatorial Guinea,
Burkina Faso,
Zambia,
San Marino,
Cuba,
Gabon,
Montenegro,
Costa Rica,
Mongolia,
Marshall Islands,
Afghanistan,
Lithuania,
Somalia,
Serbia,7
Latvia,
Hungary,7
Guadeloupe,
Fiji,
Gambia,
Greenland,
Angola,
Paraguay,
Djibouti,
Senegal,
Mexico,7
Dominican Republic,6
Bosnia & Herzegovina,
Macao,
Israel,6
Laos,
New Caledonia,
Denmark,6
French Guiana,
Armenia,
Niger,
Tunisia,
Uruguay,
Sri Lanka,
Cambodia,
China,
Honduras,
Vanuatu,
Tanzania,
Peru,6
Morocco,6
Cape Verde,
Chile,6
Vietnam,6
Guinea-Bissau,
Qatar,
Philippines,5
India,5
Moldova,
Uganda,
Malawi,
Russia,5
Sierra Leone,
Thailand,5
Guatemala,
Mauritania,
Kuwait,
Ecuador,5
Puerto Rico,
Solomon Islands,
Turkmenistan,
Palestine,
Martinique,
Nepal,
Haiti,
Western Sahara,
Azerbaijan,
Guinea,
Mozambique,
Mayotte,
Palau,
Liberia,
Nicaragua,
Bolivia,
South Sudan,
Myanmar (Burma),
Iraq,
Indonesia,3
Oman,
Jordan,
Bangladesh,3
Algeria,
Uzbekistan,
Belarus,
Ukraine,3
Samoa,
Congo - Kinshasa,
South Korea,3
Saudi Arabia,2
Kazakhstan,
Kyrgyzstan,
Iran,2
Syria,
Egypt,2
Libya,
Tajikistan,
Yemen,
Taiwan,1
Sudan,
Timor-Leste,
Japan,<1
Kiribati,
Svalbard & Jan Mayen,
Micronesia,
Cook Islands,
Comoros,
São Tomé & Príncipe,
Montserrat,
Eritrea,
Tonga,
American Samoa,
Falkland Islands (Islas Malvinas),
Antarctica,
French Southern Territories,
Bouvet Island,
Cocos (Keeling) Islands,
Christmas Island,
Heard & McDonald Islands,
British Indian Ocean Territory,
Monaco,
Norfolk Island,
Niue,
Nauru,
Pitcairn Islands,
North Korea,
South Georgia & South Sandwich Islands,
Tokelau,
Tuvalu,
U.S. Outlying Islands,
Vatican City,
Wallis & Futuna,
Source: https://trends.google.com/trends/explore?date=now%207-d&q=bitcoin |
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I think it's unfair since you're search the last 7 days only, not the entire years. If you set on a previous month, previous year, or entire years, I doubt the number one still El Salvador because the high demand of El Salvador started when Bitcoin get legal tendered in their countries. Well, this topic is about the last week and no one is stopping you from sharing the results from the last few months/years etc. Also not everyone use google as their main browser, google is suck and can spy your activities.
Not everyone of course but vast majority of people do use Google so results are probably pretty accurate. Note: I’m not sure how legit the image in the OP is in terms of forum rules: The OP lacks referencing the source (which is Google Trends set with a 7 day view and a worldwide search), and it’s also providing publicity to the OP’s company outside of the usual legit boards, which in this case does not provide any other purpose nor enriches the information.
Since OP just shared that graphic with his company name and never bothered to leave a reply to any of the posts, whole purpose of this topic was probably to promote the said website and nothing else. And yeah, it would be fair to mention the source of data but as we know bitcointalk is very lenient when it comes to even blatant stealing of someone else's images, let alone this. |
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Because not everyone is a writer, hiring a white paper writer is not a bad idea or a sign that the project is bogus. These writers only work with the ideas that project core members offer to them; what the writer does is put it into a good write up, improve the sentences, and maybe add one or two ideals and pictures. It's one thing to hire someone to proofread your whitepaper and sort grammar mistakes etc (that's actually the smart thing to do) and a completely different thing to hire someone to write your whitepaper from scratch, even if core members share the idea. The way I see it, if you don't have anyone on your team that can explain your project and write even a basic whitepaper that tells me that your team ain't that good at all and project will most likely fail. I've worked on many projects and have used 1-2 writer services in the past. They are not to be blamed.
Did any of those projects survived for a couple of years? And who exactly is not to be blamed, team or those writers that usually copy/paste text from others? |
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As experience shows, the forum is more pro-Russian, Russian aggression against Ukraine is encouraged in every possible way, violence and killings of civilians are justified First you say that forum is more pro-Russian and then you go on to provide ~20 names that are according to you fascists and support the war. Wouldn't that number be much bigger if forum members are mainly pro-Russian, as you claim? |
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Can you provide us with the data source so that we know how to calculate and then determine whether these values are real or biased:
As I said in my previous post, data source for that graphic is Google Trends (something that OP probably should have mentioned) so you might wanna check it out for yourself and it also has an explanation how they calculate the numbers. Here is the link for the last 7 days but you can adjust for any time frame you want https://trends.google.com/trends/explore?date=now%207-d&q=Bitcoin |
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It is also not strange that the Nigerians are very curious about this technology, because Nigeria are perceived as the "Scam Capitol" of the world. We know Bitcoin's pseudo anonymity provide some hiding place for criminal activities, so some of these people are actively looking for a payment method that cannot be traced.  I am not so sure that's the main reason for Nigeria being so high on the list. AFAIK, Nigeria has one of the biggest percentage of the unbanked people in the world so of course cryptocurrencies are a way for many to pay everyday stuff, hence such popularity. I mean, using your logic that would make countries like Slovenia, Switzerland and Austria scam paradise as well and if you check the crime stats you will see that those are some of the most secure countries in the world. This is interesting because it's all over the place. I was expecting maybe lesser developed countries to be more interested, but that also goes hand in hand with how many people have access to the internet in those countries. I can't really make much out of this besides the fact that this diversity shows us that crypto is attracting people from all spheres and classes, and that's a good thing.
This list comes from Google trends, and the way its calculated is that it measures the popularity of specific search relative to all the other searches so its not really important how many people have access to the internet. This is how it looks when it comes to top 5  Values are calculated on a scale from 0 to 100, where 100 is the location with the most popularity as a fraction of total searches in that location, a value of 50 indicates a location which is half as popular. A value of 0 indicates a location where there was not enough data for this term.
Note: A higher value means a higher proportion of all queries, not a higher absolute query count. So a tiny country where 80% of the queries are for "bananas" will get twice the score of a giant country where only 40% of the queries are for "bananas". |
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An interesting post history combo, bounty section and wall observer thread. That guy is probably sharing images there as a way to fish the merit but seems like he is not particulary successful so far. The problem is that some members abuse this option to make their posts look longer and more meaningful, when in fact they make them completely uninteresting. Quote exists for a reason, and if you want to refer to someone's post or part of a post, simply click on "quote" when you are in the menu for writing a post and then edit the post (delete the part you don't need). You can also use more than one quote in your post by simply scrolling and selecting the post you want to respond to. I always thought its more of a laziness issue and lack of posting etiquette rather than an attempt for post to look more "substantial". Can I add "not using the search option before posting" to the mix?"
Reading through the same update on trending issues twice or having to read through a similar kind of post about merits, how to get them or some other generic stuff can be off puting to most.
There has been tons of posts and threads made in the forum, and there's a high probability that what you want to discuss has been takes about before, it does not hurt to do a quick search and maybe use that as a reference for your post, so it's not just a repetition.
To be honest, forum search option is horrendous and often won't bring you a good result so there's no surprise that we have a lot of threads where people discuss the same thing (and many are unaware of ninjastic.space). This issue is a common thing for absolutely every forum I've ever been part of and the only difference is how they deal with it. The only way to really stopped people from doing that is those threads get reported and then posts moved in the already existing threads but that would mean much more work for the forum staff. |
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An ordinary exchanger changes from 15 to 50 thousand dollars a day. They work with a commission from 0 to 2%, because there is a lot of competition. If an ATM costs $10,000, then its payback is less than a week, this is a very good business.And the taxes are not big, because you will pay a part of the profits. You are very wrong if you think that an average BATM can pay itself in a week. The one I am usually using has 6% fee, meaning they need at least $170,000 worth of BTC to exchange in order to make $10000 but that's just the beginning. Then you have to pay the various taxes on that profit + renting up the place as you can't put ATM for free and in order for an ATM to be successful it has to be at some good location and those ain't cheap. My guess is that it takes maybe a year for an average BATM to pay off. Like you I also thought that they are making crazy amount of profit considering the fee, but then I actually met the guy who owns several of those (as I was a regular customer at one of his ATMs) that explained me the situation and that is far from the truth. Hell, if that was the case I would already invest in a couple of those. Now compare that to exchangers that are doing all this online and don't have as many expenses as BATM has, so of course they can keep their fees much lower. |
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In Panama things work in a slightly different way. I am following the developments over multiple channels (do you think my posts come out of copy and paste??), and this comment raised my attention, as it is pretty explanatory of the situation:
It's important to note that legal tender is not possible in Panama as the constitution doesn't allow such status to any specific currency. In Panama we use the dollar (due to heavy American influence and economic stability) as our main currency but that doesn't mean it is legal tender. Bitcoin will now be, in theory, in the same situation as the dollar. This law will not force any party to use anything unless they want to. Therefore, the adoption dynamics are going to be fully (in theory) dictated by the market.
I am trying to double-check this information. Bear with me. I tried to find some more info about status of US dollar in Panama and this is what I found on the website of some Panama bank, and similar thing (dollar being legal tender) is stated on Wikipedia. Too bad we don't have anyone from Panama active here (I guess) to clear this out. Use of the U.S. Dollar in the Republic of Panama
By express mandate of the Law, it is the obligation of every business, including banks, to accept US paper currency in all denominations.
In this regard, Article 1171 of the Fiscal Code establishes that:
Article 1171: The currency of the Republic of Panama will be the Balboa, which is a gold coin with a weight of nine hundred eighty-seven and a half milligrams (0.9875) and a purity of eight hundred twenty-nine thousandths (0.829), divided into one hundred hundredths (100/100).
The current United States Dollar and its multiples and fractions shall be legal tender in the Republic of Panama, with a face value equivalent to the respective Panamanian currency." |
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@fillippone are you sure that bitcoin became legal tender in Panama, as stated in the title of the topic? I am asking this because in that text that you linked its stated that businesses may accept bitcoin, but are not forced to do it. From what I know, if some currency is legal tender that means business have to accept it, they can't refuse it like its the case here. I mean, its still good news nevertheless and one step forward, just wanted to clear that out. This action of the deputies opens the doors to bitcoin (BTC) and cryptocurrencies, proposes to give legal stability to these digital elements, in addition, it is made explicit that the proposal does not oblige the use of bitcoin as a means of payment because it is presented in an optional However, I think bitcoin will gradually have less returns (sadly) and less volatility, so this second part will also push people to spend.
How is that a bad thing exactly, people using bitcoin for what is initially intended for? |
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Thanks for the nice suggestion. The white paper was prepared by an external agency and we will contact them for this surely and get the matter amended.
Honestly, the fact that you hired someone else to write your whitepaper doesn't make this any better as it just shows that you were not capable of writing something as important as a whitepaper by yourself and what's even worse, you haven't checked the material before publishing and instead relied on some "agency" that are known for half-assed jobs. Now, since you were so negligent with something as important, how can any potential investor trust you with their own money? I am sure that even you wouldn't invest in something like that. |
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Recently, a European told me why he does not use bitcoin ATMs.
The commission for the exchange of stablecoins in Europe is from 1 to 3%, depending on the amount of the exchange, if you use exchangers or verified people from telegram chats. The exchange price is fixed by the Binance exchange. Bitcoin ATMs use the price of another exchange and there is more commission, so the user loses up to 10%. This is a good business for bitcoin ATMs owners.
Just because some Bitcoin ATMs use another exchange to set up the rate doesn't mean that it's worse for us as customers. At least that's what my experience was from the ATMs I used so far. 2nd part is true tho, BATM fees are generally higher than some other ways of buying/selling bitcoin, but I don't think that majority of them are in a lot of profit due that. Keep in mind that expenses one BATM owner has are not negligible; from paying the machine itself (which is usually in ~$10k area) and renting the place to paying all the taxes etc and you realize why fees are so high.
Motives for installing ATM in Mexican Senate are dubious as I am not sure that politicians who organized that actually believes in all what bitcoin represents, but these kind of people should be seen as an useful idiots. |
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This is why the whole Defi is just a buzzword and the whole industry is just a failure, there is nothing truly decentralized, it's just like the FinTechs were supposed to change how we do business with the banks and credit cards and in the end, ended up becoming banks and using the same infrastructure. Reminded me of one of the the best memes I've seen lately.  Same here, all these Defi exchanges are turning into things just as centralized as the traditional cex. Thing is, majority of people that are using DEX couldn't care less about the actual decentralization so I don't think that any of the similar measures will affect their business too much. On the contrary, as we could see by some responses they even welcome it. |
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There are many types of stable coin such as USDT, DIA, BUSD, TUSD, UST etc. And most people uses this insted of fiat money, will it be that later in the future countries will no longer use Fiat money but these electronic currency?
Stablecoins in that sense of the word no, but governments are working on removing the cash so people are left with electronic money only, which will make their job of controlling people much easier than it is now. What if there is someone who made a totally decentralized stablecoin? Would it be a good alternative for peer to peer instead. Im not sure if someone attempting to do it since it could be a game changer since it would not be rigged unlike usdt.
Doesn't DAI boasts to be a decentralized stablecoin? The only question is how decentralized it actually is as that word has even overused. |
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No. - How comfortable are you every time you transfer to a remote address?
Pretty comfortable. It wasn't like that at the beginning though, I was very stressed when I was sending bigger amounts but after some time you get used to the fact that its non reversible. - Would you be more comfortable using a helper?
Not really, never really thought about wanting to have something like that as I got used to the current system where you are responsible for your own money and no bank or other 3rd can rectify your mistake. - What do you use today to mitigate this risk?
I check first and last 4-5 characters when I am sending smaller amounts but when I am sending bigger ones I usually check the whole address and that's about it. And yes, I am trying to avoid sending crypto when I am in a hurry as that's when people usually make mistakes. |
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Who provides the escrow service and why would they do that? How do i know that the escrow holder isn't linked to scammers? I'm not saying anyone is scamming but how do i know that?
Escrow is provided by the trusted members of this community and they charge the fee for their service, they are certainly not doing that out of boredom. How do i know that the escrow holder isn't linked to scammers? I'm not saying anyone is scamming but how do i know that? Those on the list provided by the OP in the first post have a long history of doing that, meaning chances that you will get scammed are very low as long as you stick to that list and not use some cheap unverified escrow just to save couple of bucks so so before deciding which escrow to use, make sure to check their trust feedback. |
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Putting Binance listing as target in there roadmap is not wrong since it’s just a goal to achieved
I beg to disagree as in 100% of the cases its only being used to fool the investors and for absolutely nothing else and that's why you will see Binance on the roadmap of only the shittiest altcoin projects. |
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It's funny how he registered today and immediately went to this thread to shill the dubious exchanger; if the project is being tagged, the promoters and shillers must also be tagged before they mislead others with Sweet coated mouth.
You are right, that obviously fake newbie account that is made only for the purpose of shilling that scammy exchanger definitely deserves to be tagged. Anyway, that has been sorted now, thanks for the reminder! |
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