Sam Kaddoura, co-founder of bitcoin exchange, BuyBitcoin.ph, said: "Those who do not want to go through the hassle of opening bank accounts or pass the requirements for credit cards will embrace bitcoins."
But in reality opening bank account is not that hard. I imagine that exchanges want from you almost the same kind of credentials as normal banks. And on top of that if Op said that internet connection is not that common among Philippine people and they also do not own smartphones it will be a long way to follow until bitcoin could be used freely.
This is just patently wrong. The average Filipino doesn't have enough of a paper trail or ID's to even pass the AML/KYC verification requirements for the banks here (I'm in Manila), let alone the initial and maintaining capital requirements to even keept the account open. Yeah I don't know how I'm using bitcoins here in the Philippines. I have fiber optic internet in the poor Muslim island of Mindanao. Sometimes I even use bitcoins while drinking my mocha at Starbucks or Krispy Kreme. The perception of poverty is from folks that haven't been to the Southern USA. In fact it's difficult to find a Filipino not staring at their mobile device. More filipinos are on Facebook that any other nation per capita.
Mobile phone penetration here is beyond 100%, with smartphone penetration at 15% and counting. Having your own internet line is relatively easy here, with the numerous prepaid options that could give unlimited access (but certain bandwidth caps do apply), but even without it, you could rent a computer here at any of the hundreds of thousands of internet cafe's that have sprung up around the archipelago starting at $0.23 USD/hr |
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coins.ph and BuyBitcoin. Both appear to be well operated, economical, and offer normal exchange
what's the daily volume of these? Unknown by me, as they do not publish that information on their web sites. Hmm... never trust these sort of small exchanges. They can crash at anytime and your coins can disappear. At least never store your coins with them. Yes be careful with those types of exchanges they can disappear and take your coins with them. Never hold any amount of bitcoin in those types of exchanges except when they are more trustworthy and popular. I say forget about anything that isnt the main exchange ones unless you want to be a pioneer and try for yourself a service that may very well be a scam. If you HAVE to then do it quick and dont leave a single satoshi on there. Those two companies are simply on ramp/off ramps for BTC in the Philippines, you make an order, pay for it, and they send you the BTC to the adress you specify. I know Coins.ph has their own in-house webwallet, but, I mostly just use them to buy BTC from time to time. |
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Still here, sorry for being inactive for the past few months. Just got out of the hospital. Let's get to work!
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Why don't you guys use a 2-of-3 multi-sig escrow wallet instead, and have a third party arbitrator to have the deciding vote in case of a dispute? |
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*Surprised* Wow... Thanks  |
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Nice.. Some level-headed analysis is good, for a change. |
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haha, you think they care what you think  I'm not gonna talk, no way, no. I just wanna watch. |
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Yup, I've checked the Development boards, but I can't find the specific one for the blockchain size discussion.
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Is there a public thread or somewhere where I could view the discussions between Gavin and the other core devs about the possible change in block size?
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Awesome. This is exactly the post I needed today. Thanks!!! |
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I think the Helix BTC mixer by Grams would be a viable option to mix those coins, because they also use coins that aren't related to the original inputs, and that they have a really broad opinion about their clientele.
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Holly sh*t, BTC at 150+ USD now
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There is blood on the streets, uncertainty in the air, and fear rocks the market like a boiling sea. Prepare your bank accounts, People, it is time to buy.
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First, miners, now merchant adoption? At this rate, every little action we take is gonna kill bitcoin.
How many times does it need to be restated that (Merchant Adoption != Falling Prices), Payment Proccessors dont sell their coins on the major exchanges, they sell them OTC where they could sell at a premium relative to the market price! Have you guys ever seen the listings for high-volume buyers? They would buy thousands at a time and not even flinch.
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Better Bet'cha bottoms, I will! |
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And I agree with EvilDave that BTC wages and other so called "loop-closers" are what's needed to raise, or at least, stabilize, the price (Business2Business Payments, Tipping, etc)
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There's 5000 convenience stores in Taiwan, 10,000 ATMs in Spain, all just been BTC enabled.... nobody wants good news though.
I am in Spain, where are those 10,000 ATMs? Can you give a map? |
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It's because they've been through price falls worse than what we've ever seen with BTC.
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It's very refreshing to see some old-timers here share their experiences with the previous booms and busts the price went through. It is truly depressing that the price is falling right now, but as long as the BTC is worth something, I'm staying, sinking ship or not. (The value of the Blockchain itself is worth several times more than whatever highs the marketcap ever got)
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I don't have enough hands for the facepalm this thread needs.
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