Post
Topic
Board Bitcoin Discussion
Re: Iran legalizes mining
by
pooya87
on 24/07/2019, 03:23:29 UTC
I think that we are about to see more exciting things with regards to the cryptocurrency industry.

There is no shortage of news outlets hyping up countries and refer to them as crypto hot spots, while in reality there aren't any metrics actually pointing out that there is much happening over there. I haven't seen anything aside from a few local individuals in Venezuela who shared with the world they like crypto, haven't seen anything about Zimbabwe while it was praised for its Bitcoin adoption, etc.

This global 'adoption' that we're reading about seems to be as much of a buzz hype as the blockchain buzz hype itself is. Lots of talk and promises, but next to nothing that actually delivers something.

that's true but at the same time all these small and even possibly hyped up news that we hear are indications of adoption growing, even if slowly. and in most cases most of it is not even heard. for example bitcoin mining has been a very hot topic in Iran for years. it dates back to 2013 to my knowledge when price was $200 and was ramping up towards the $1200 bubble. it even caused GPU price spikes. it slowed down with price drop then with introduction of ASICs but then picked up again.
long story short, bitcoin adoption has been growing in Iran for many years, its just that people are hearing about it now that there is some drama about it!