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bitcoin

BREAKING: Nasdaq to offer custody services for BTC and ETH

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Widespread Bitcoin Adoption, Digital Freedom Can Only Happen Through Lightning

varskedoo

We need more developers to build great toys, with an easy use to The masses! 

Mullvad announces the "TILLITIS KEY" open software/hardware signing device

bitcoinplebdev

Excellent news, from a trusted company like Mullvad!!

The best VPN in the market and highly skilled team!! Congrants Mullvad!

Solitaire, Counter, Snake: How casual gaming could be a ‘huge’ Bitcoin on-ramp

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Goldman's Bullish Stance on 'Real Bond Yield' Spells Bad News For Cyrpto

Daily discussion thread

saloon

Today I buy some sats, stack somes sats, tomorrow I don’t know what’s happening.
Bitcoin give me some safety’s about the future, for me and family.
P.S: No KYC Mode: On always!!

Six reasons to avoid exchanges!

32 BTC were traded last week in Venezuela (measured only LocalBitcoin), monthly minimum wage “stable” at 16 USD and 52% of the population earn less than 100 USD monthly

Hi guys, I’m Venezuelan living here, like to post this here too because the main subject is Bitcoin!

Amount traded here (using LocalBitcoin only) dropped from 38 to 32 BTC this week. Around 8% of the worldwide trade there (408 BTC).

Why LocalBitcon? It’s the only exchange that post its stats. It is not the most used or popular anymore, that is for sure. People use Binance (king), AirTM, Reserve and others.

One BTC is around 160,000 Bs. -Bolivar, our currency- (Missing some zeroes? Government removed by law 6 zeroes last year, third time doing it, first 3 zeroes in 2007 and 5 in 2018, one “current” bolivar would be 100,000,000,000,000 Bs. before 2007).

Yes, MONTHLY minimum wage is 16 USD. 130 Bs. and exchange rate is 8:1. According to a NGO 52% of the Venezuelan worker earn less than 100 USD monthly

https://eldiario-com.translate.goog/2022/09/14/ecoanalitica-venezolanos-menos-de-100-dolares-mensuales/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp

Average should be around that, 100 USD monthly.

Another NGO says you need 500 USD monthly only for basic necesities for a 5 members family and I think it’s short considering last month inflation.

People use crypto to pay in some places, to save (BTC is more stable than Bolivares) using or not stablecoins, Binance allows you to purchase crypto with Bolivares and sell your crypto for Bolivares, remittances is also a way of using crypto people from abroad send money to their families here and also miners, electricity is free so big mining operations here (even GPU mining still gives you something here even after the merge).

https://www.reuters.com/technology/venezuelas-economy-regresses-crypto-fills-gaps-2021-06-22/

https://en.wikipedia.org/wiki/Hyperinflation_in_Venezuela

https://coin.dance/volume/localbitcoins/VED/BTC

https://coin.dance/volume/localbitcoins/VED

https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/

https://www.caracaschronicles.com/2022/04/21/is-venezuela-doing-better/

https://www.caracaschronicles.com/2022/04/20/the-bizarre-figures-of-venezuelas-economic-recovery/

https://localbitcoins.com/country/VE

https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/