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Showing 7 of 7 results by Iamannie
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Board Altcoin Discussion
Re: Jobless No More
by
Iamannie
on 05/03/2019, 10:28:25 UTC
Come to think of it, the scam ICOs which created Signature Campaigns, Translations and other bounties provided jobs to the crypto community. I'm not promoting these ICO's especially the scam ones but somehow they created jobs.

If more jobless people go here to do bounties, eventually the law of supply and demand will take effect. More workers than the jobs available will somehow bring down the bounty price.
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Topic
Board Altcoin Discussion
Re: facebook creates his own crypto
by
Iamannie
on 04/03/2019, 03:10:11 UTC
This is good for crypto as many people and businesses get to know what cryptocurrency is even if it becomes centralized, still it is a good marketing for crypto in general. If it gets famous, crypto users can then say "Do you know Facebook Coin?, Coin XYZ is just the same only that it is more controlled by the public rather than one single company." So it is good for crypto in general whenever a big company adopts cryptocurrency.
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Topic
Board Bitcoin Discussion
Re: Samsung confirms the rumor!
by
Iamannie
on 21/02/2019, 23:42:06 UTC
Will Samsung Pay make use of blockchain technology in the future or maybe allow their phones to 'mine'? With the way mobile processing is improving with Samsung Phones always getting the latest from Qualcomm, this is a possibility. Though there are coins right now and apps that allow 'mining', still it is not native to the phone.
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Topic
Board Bitcoin Discussion
Re: IS BITCOIN ATM PROFITABLE BUSINESS ?
by
Iamannie
on 20/02/2019, 13:37:24 UTC
Given that there are potential users in your area. You need to check the competition and I mean not the Bitcoin ATM providers but the traditional BTC <-> FIAT on how much do they charge to convert the BTC to your local money. Then check if you lessen the fees or the spread if you will ROI in a year or two.
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Topic
Board Bitcoin Discussion
Re: On merchants not willing to accept crypto
by
Iamannie
on 19/02/2019, 10:51:29 UTC
Quote from: deisik on February 19, 2019, 10:35:30 AM
Quote from: tbossmitche on February 19, 2019, 09:03:22 AM
You do have a valid and strong point on this one. However, we cannot deny the fact that a lot of merchants still shy away from accepting cryptocurrencies due the uncertainty with crypto prices. No one really wants loose while holding on to some virtual coins

You definitely should read the thread

As I have explained on a few occasions already that volatility is not something that merchants should care about. In simple terms, merchants don't accept cryptocurrencies directly in general (some certainly do but they are few and far in between). Most merchants which are accepting cryptocurrencies as payment are still accepting fiat as before. It is payment processors which receive crypto from buyers and then covert it to fiat, and it is them who are dealing with volatility issues (i.e. not merchants)

That is if they use payment processor like coinpayments, coinbase etc but some merchants who would rather partner with the merchant directly like XVG and other altcoins then they do suffer the volatility at its finest (or worst).

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Board Bitcoin Discussion
Re: Bitcoin ATMs should target developing and third world countries
by
Iamannie
on 19/02/2019, 06:04:08 UTC
Quote from: creeps on February 19, 2019, 04:31:45 AM
Quote from: martina14 on February 15, 2019, 06:58:22 PM
Bitcoin ATM will reach the whole world like what ATM for fiat happened before.
All i want to say is there are no more 3rd world country for many years now.
We are divided as DEVELOPED and DEVELOPING country. ever country will have their ATM in such time!
That's right, I'm living in a developing country and I can say we already have Bitcoin ATM machine though its still not that popular but I know there will be more development like this. Yes, in time many countries will support cryptocurrency and many project will have their own ATM's machine to give convenience to the investors and newbies, it will happen no matter what.

But it will be monopolized at first meaning high charges will be taken advantage of which the pubic might shun away from but later on as competitors creep up which will lower the service or transaction fees of using the Bitcoin ATM.
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Topic
Board Bitcoin Discussion
Re: Bitcoin ATMs should target developing and third world countries
by
Iamannie
on 19/02/2019, 03:54:26 UTC
Quote from: Oasisman on February 18, 2019, 10:22:57 PM
Quote from: ecnalubma on February 18, 2019, 06:08:33 PM
Quote from: blockmanity on January 19, 2019, 10:32:08 AM
Lot's of Bitcoin ATMs keep popping in the developed countries such as US, Canada, Japan, Hong Kong etc. But I have been thinking why don't the owner's target countries without much economic stability? Like Venezuela (btw they just got their first Bitcoin ATM). That would increase the adoption. Something like backpropagation. What do you think?
It could be an ideal but not all countries may allow it, it depends on how their government treat crypto because before you operate that kind of business you should pass tons of qualifications and filter to get approved. Some are conservative that are contented with the current financial system which are hard to please.

Of course the government should be the first to check whether there is restrictions for cryptocurrency or not. Now, the hardest part is the adaption of people in a certain country especially the third world countries. Companies who build Bitcoin ATMs might have a survey on their targeted location for the next machine deployment, and I guess it will be the mass adaption is the first thing to be tackled.

They could start in Central Business Districts, wait for users to come in before spreading out in the outskirts.