Bitcoin to Mexican Peso Rate - Bitcoin Exchange Rate

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Helpful Links
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Most Discussed Topics and Answers
● The Case Against BankCoin - Banks need an independent digital asset to enable truly efficient settlement
● Ripple Technology → Fast Payments → XRP → Fast Settlement
● Solving the chicken and egg problem - FI's bridging payments with XRP & companies saving money by holding XRP
● Banks hold XRP under a contractual agreement | Build liquidity to bridge payments to raise the demand for XRP
● How the global adoption of xRapid (XRP liquidity tool) would affect the value of XRP
● Besides instant cross-border payment settlement, XRP can capture other use cases, value that doesn't yet exist
● XRP Ledger has numerous technological advantages over blockchain systems that use proof of work
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XRP Wallets
You need 20 XRP to activate a XRP wallet. Fees can be changed by the validators through the voting process.
The reserve requirement protects the XRP Ledger from spam or malicious usage.
 
When you are sending XRP to an exchange, destination tag is very important.
Destination tag is not needed when you transfer XRP to your own wallet address.
 
● XUMM by XRPL Labs | Developers
XUMM is a free app (iOS and Android) that makes sending, receiving and interacting with the XRP ledger easy & secure.
 
● Ledger Nano S | Tutorial | FAQ | Buy Online | Ripple Recovery Tool
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When you get your Ledger wallet, you must reset it and get a new set of 24 words seed before using it.
 
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Exchanges
The best way to support XRP is to buy/sell XRP directly with your local currency, not with USDT, ETH, LTC, or BTC.
Available XRP pairs - AUD, BRL, CAD, CNY, EUR, GBP, IDR, INR, JPY, KRW, MXN, PHP, RUB, THB, TRY, UAH, USD, ZAR.
You can find the complete list of XRP exchanges and supported XRP/fiat pairs Here.
 
USD - US Dollar
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub |
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EUR - Euro
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JPY - Japanese Yen
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TRY - Turkish Lira
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INR - Indian Rupee
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AUD - Australian Dollar
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Kraken
 
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Kuna | BTC Trade UA | BitFlip
 
GBP - British Pound
Cryptomate
 
BRL - Brazilian Real
Braziliex
 
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Quoine
 
AED - United Arab Emirates Dirham
BitOasis
 
PHP - Philippine peso
CX | Exchange
 
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ZB.com | Gate.io | Sistemkoin
 
ETH - Ethereum
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LTC - Litecoin
Bitsane | Mr. Exchange
 
BTC - Bitcoin
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub | Binance | Poloniex | Bittrex |
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ZB.com | OTCBTC | Coinrail | Bits Blockchain | Triple Dice Exchange | Indodax |
Exrates | Qryptos | Gate.io | Bitsane | Bitso | Ovis | BCEX | BitBay |
Mr. Exchange | Orionx | CoinFalcon | Abucoins | BitFlip | LakeBTC | Coinbe
submitted by nvok to Ripple [link] [comments]

Bitcoin as the Ultimate Haven from Hyperinflation: A Country By Country Analysis Of Worldwide Fiat Currency Inflation

Bitcoin as the Ultimate Haven from Hyperinflation: A Country By Country Analysis Of Worldwide Fiat Currency Inflation
https://cryptoiq.co/bitcoin-as-the-ultimate-haven-from-hyperinflation-a-country-by-country-analysis-of-worldwide-fiat-currency-inflation/
Bitcoin was created during the Great Recession that started in 2008, when the governments of the world printed trillions of dollars to bail out banks and corporations. Satoshi Nakamoto intended Bitcoin to be a decentralized form of money that could not be printed by governments at will. In the the Genesis Block Satoshi included the message “The Times 03/Jan/2009 Chancellor on brink of the second bailout for banks.”
Fiat currencies continue to be the dominant form of global currency, but it seems logical that, if fiat currencies were to hyperinflate and collapse, Bitcoin would become the dominant global currency.
This is because Bitcoin can be sent instantly anywhere in the world and is cryptographically secure. It is easy enough to integrate Bitcoin into any e-commerce store or physical store, and the customers of the future will be able to send Bitcoin from their smartphones via QR codes. Therefore, if fiat currency becomes obsolete, Bitcoin could seamlessly take its place and keep the global economy running.
There has been plenty of hype that fiat currencies are collapsing, but this article will explore the current state of major fiat currencies in the world to ascertain the true situation. This is important information since the rate of fiat currency inflation by country is an important factor that will determine Bitcoin adoption rates and ultimately Bitcoin’s price.
United States’ Inflation Rate
The United States is perhaps the best place to start an analysis of global fiat inflation, since the USD is the world’s dominant fiat currency and perhaps the most stable long term. That being said, there is 2-3 percent annual inflation in the United States.
If we split the difference at a 2.5 percent annual inflation rate, it means $100,000 stored in a bank will lose a whopping $22,400 of value over the course of 10 years, corresponding to 22.4 percent inflation per 10 years. Therefore, even in the United States, saving money long term seems impractical, and this essentially forces people to risk their savings by investing in the hopes that the money earned from investing will outpace inflation.
It appears inflation will only worsen in the United States since the national debt is approaching $22 trillion, with a budget deficit of $1 trillion per year and growing. This situation will likely lead to increased money printing, which would increase the inflation rate. Therefore, saving money in USD long term does not make financial sense. Bitcoin is an alternative way to store money long term, although Bitcoin has yet to mature and can be extremely volatile from year to year.
Euro (EUR) Inflation Rate Is 37.5 percent Relative To USD During The Last 10 Years
One of the primary global currencies besides the USD is the Euro (EUR). For the rest of this global analysis, fiat currencies will be compared to the USD exchange rate to determine inflation, but it must be kept in mind that the USD itself is inflating at the rate of 2 to 3 percent per year.
When the EUR launched in 1999, the exchange rate was one USD per 0.85 EUR. By 2002 the EUR weakened to 1.16 EUR per USD. The EUR then entered a period of vigorous strengthening, and the exchange rate fell to 0.64 EUR per USD by 2008. The Great Recession caused the EUR to begin weakening versus the USD long term, and currently each USD is worth 0.88 EUR. This represents 37.5 percent inflation relative to the USD in roughly 10 years.
Back to the storing money in a bank analogy, $100,000 of EUR stored over the past 10 years would have lost the EUR inflation rate + the USD inflation rate. With this sort of inflation rate it seems dangerous to store money in EUR long term.
It gets worse. The EUR is one of the top global fiat currencies, and there are many currencies doing worse than the EUR.
United Kingdom’s Pound Has 65 Percent Inflation Relative to USD in 11 Years
The United Kingdom (UK) is one of nine European Union (EU) countries that does not use the EUR, and eventually, the UK will leave the EU via the Brexit. However, the native Great Britain Pound (GBP) has done far worse than the Euro, with the exchange rate going from 0.48 GBP per USD in 2007 to 0.79 GBP per USD currently. This is 65 percent inflation relative to the USD during the past 11 years.
Canada’s Inflation Rate Is 45.2 Percent Relative to USD During the Last 7 Years
The United States’ neighbor to the north is similar to the United States in many respects. It is a fully developed and industrialized first world country. However the native fiat currency, the Canadian Dollar (CAD), has been experiencing severe inflation since the Great Recession. In 2011 1 USD was worth 0.95 CAD, and now the exchange rate is 1.36 CAD per USD. This represents 43.2 percent inflation relative to the USD since 2011, and of course, the USD has an underlying inflation rate as well of 16.2 percent during the last 7 years.
Even in the first world country of Canada, it is becoming impossible to save cash for retirement or even for short-term goals like buying a house, forcing people to invest in the risky stock market.
Mexico’s Inflation Rate Is 97.6 Percent Relative to the USD During Past 10 Years
Since the 2008 financial crisis, the exchange rate of the Mexican Peso (MXN) has gone from 10.12 MXN per USD to 20 MXN per USD. This represents 97.6 percent inflation relative to the USD, and USD inflation means the true Mexican inflation rate is well over 100 percent per 10 years. This sort of inflation rate ensures that people have to work their entire lives and can never retire, and overall, this sort of inflation can cause the entire economy of Mexico to struggle. Bitcoin seems like an obvious alternative to holding MXN long term.
It is quite shocking that a country bordering the United States has such high inflation, yet the mainstream media never mentions it.
Russia Has 194 Percent Inflation Relative to USD Since the 2008 Great Recession
Russia is a global superpower, with a gross domestic product (GDP) of $1.58 trillion versus the United States’ $19.39 trillion GDP. Despite being a superpower, the native currency of Russia, the Russian Ruble (RUB), has gone from 23.48 RUB per USD in 2008 to 69.08 RUB per USD currently. This yields a 194 percent 10 year inflation rate relative to the USD. Clearly, the Great Recession that started in 2008 is a common point when fiat inflation accelerated in many countries around the world.
Japan’s Inflation Rate Is 46 Percent Relative to USD Over the Past 7 Years
Japan is a first-world country and has one of the most important stock markets in the world. The GDP of Japan is ranked number three in the world at nearly $5 trillion. However, its inflation rate is far higher than the United States, at least since 2011. In 2011, the exchange rate was 76 JPY per USD, but it has now risen to 111 JPY per USD, a 46 percent inflation rate relative to the USD over the past 7 years. This is actually almost exactly the same as Canada’s inflation rate.
China’s Inflation Is Only 14.4 Percent Relative to USD Since 2013, but China Tightly Controls the CNY
China is the second ranking economy in the world with a $12 trillion GDP. Its position as the number one trading partner of the United States gives it power to manipulate the exchange rate of its native currency the Chinese Yuan (CNY). The CNY actually strengthened greatly versus the USD until 2013, when China relaxed its control over the CNY exchange rate to make it more competitive in the global import and export markets. Chinese control over the CNY and therefore, control over the profitability of Chinese imports, is a primary reason for the “trade war” between China and the United States.
Since allowing the CNY to lose value relative to the USD, the exchange rate has gone from 6.04 CNY per USD in 2013 to 6.91 CNY per USD currently, a 14.4 percent inflation relative to the USD in 5 years. China is an outlier and has one of the lowest inflation rates relative to the USD.
Switzerland Has One Of The Lowest Inflation Rates At Less Than 5 percent Relative To The USD In 7 Years
Switzerland has remained independent of the European Union and does not use the EUR. Instead, it uses the Swiss Franc (CHF). The CHF actually strengthened greatly relative to the USD during the Great Recession, but the trend reversed in 2011. There was a rapid devaluation of the CHF relative to the USD from 0.76 CHF per USD to 0.94 CHF per USD during 2011. In The 7 years since then, the CHF has roughly five percent inflation relative to the USD and sits at 0.99 CHF per USD currently.
That being said, it cannot be forgotten that the USD itself is experiencing 2.5 percent inflation per year, so even countries that have low inflation rates relative to the USD have a significant inflation rate overall.
India Has Seen 79 Percent Inflation Relative to USD Since the Great Recession Began
India has the sixth highest GDP in the world at $2.6 trillion, and the second highest population at 1.34 billion. Since the Great Recession began, the Indian Rupee (INR) has gone from 39.18 per USD to 70.14 INR per USD, a 79 percent inflation relative to the USD in 11 years. Unfortunately, India is slowly making Bitcoin more illegal and could fully outlaw it, so citizens may have to break the law in the future in the event that inflation accelerates and Bitcoin becomes a preferred way to store money.
Indonesia Has 76 Percent Inflation Relative to the USD in Seven Years
Indonesia has a population of 265 million, not far behind the United States, but its GDP is 20 times less than the United States at $1 trillion. Part of the reason Indonesia’s economy is weaker may be that the native fiat currency, the Indonesian Rupiah (IDR) has gone from 8,250 per USD in 2011 to 14,550 IDR per USD currently. This is 76 percent inflation relative to the USD in 7 years, around the same rate as India. However, Indonesia has banned Bitcoin as of 2018, which would make it difficult for citizens to use Bitcoin in the event inflation spirals out of control.
Brazil Has 152 percent Inflation Relative To USD In Past Seven Years, Despite Being the Strongest Economy In South America
Brazil has the most powerful economy in South America with a $2 trillion GDP. However, South America as a whole is experiencing out of control hyperinflation, and Brazil seems to be feeling the effects. The Brazilian Real (BRL) has gone from 1.55 per USD in 2011 to 3.91 BRL per USD currently. This is 152 percent inflation relative to the USD in 7 years. There does not appear to be any inflation safe haven in South America, and this could make South America a Bitcoin adoption hotspot.
Venezuela Has Ridiculous Inflation Around One million percent Per Year; Bolivar Collapsing
The end game of fiat currency inflation, if left unchecked, is currency collapse. A classic example of currency collapse is the situation in Venezuela, where the Cafe Con Leche Index suggests 400,000 percent inflation per year, although if a shorter term average is used it is 1 million percent per year or more. It would be shocking if the native fiat currency of Venezuela, the Sovereign Bolivar (VES), is still usable one year from now. Bitcoin is legal in Venezuela, and there is plenty of news which indicates people are abandoning the VES for Bitcoin.
South Korea Has Zero Inflation Relative to the USD
South Korea is considered a powerful economy relative to most of the world, with a GDP of $1.5 trillion despite the country’s small size. The South Korean Won (SKW) has essentially zero inflation relative to the USD long term aside from an exchange rate shock during the 2008 Great Recession. That being said, inflation is still a reality in South Korea since the USD has average inflation of 2.5 percent per year.
Australia Has 53 Percent Inflation Relative to the USD in Seven Years
Australia essentially has a continent to itself, but it is not isolated from the global fiat inflation crisis. The AUD actually strengthened massively versus the USD from 2001 to 2011. However, the trend reversed, and the exchange rate has gone from 0.93 AUD per USD in 2011 to 1.42 AUD per USD currently. This is 53 percent inflation relative to the USD in seven years.
Israel Has Zero Inflation Relative To USD Long Term
Israel is in the Middle East but does not have strong connections to the economy of the rest of the Middle East and, apparently, a different monetary policy than most of the rest of the world. Israel is only comparable to the United States, South Korea, and perhaps Switzerland when it comes to fiat currency since the Israeli New Shekel (ILS) has practically zero inflation relative to the USD long term although there are shorter term oscillations. Like the other countries listed with zero USD relative inflation, inflation still exists because the USD itself is inflating.
In total, there are 180 fiat currencies in the world, and here, we’re covering just 16 of them. We could keep going, but the trend is already clear. Even in major countries with powerful economies, inflation has become a serious issue, with some major countries experiencing 50-200 percent inflation relative to the USD over the past decade, and those numbers don’t even take in the 2.5 percent per year USD inflation underlying them.
It is possible that worldwide fiat inflation will accelerate due to the growing global debt crisis. That’s especially true if an economic recession occurs since that would force a rapid increase in money printing.
So we’re in a global situation that needs to be actively monitored. Even if the status quo is maintained long term, most of the world’s population cannot realistically save money for the future because it’s going to lose value over time. This is a major shift from our parents’ generation when saving money was the smart thing to do.
The good news is Bitcoin is waiting on the sidelines. It’s ready to become the global currency if fiat currency collapses worldwide. Even if fiat does not totally collapse, perhaps once Bitcoin matures and becomes more stable, it will be a good option for saving money long term since its value is independent of fiat inflation.
submitted by turtlecane to Bitcoin [link] [comments]

Russia’s Crypto Fate to Be Sealed on Sep 18 + 10 More Crypto Briefs

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Regulation news

Mining news

Tax news

Blockchain news

Legal news

Adoption news

Trading news

submitted by anuj_kgn to CryptoCurrencies [link] [comments]

Aunt loses the chance to become a literal millionaire because of an pyramid scheme scam

I know what you may be thinking, no, the title isn't a click-bait, pretty much this happened some months before the huge bitcoin spike back in 2017.
PS: if the numbers look a bit random it's because I am converting the currency from MXN to USD.
PS2: Also pardon if some sentences are a bit wonky as English is not my mother tongue.
PS3: I'm a bit fussy on all the dates and numbers, but I'll try to be as specific as possible, also I'm an artist so don't quote me on my math.
So story time: both my aunt and uncle are pretty well established financially. My uncle is a retired veteran pilot from the US so he gets sent some money to his bank account monthly, and my aunt it's a pretty popular tattoo artists in our area and since we all live in Mexico their income is waaaaaaaaay above the average, which makes them also somewhat entitled. A bit unfair if you ask me.
Anyway, my uncle isn't tech savvy person but he is rather passionate about learning. He'll ask me from time to time very specific stuff like "What's a MIDI?" "What's a tracker on a torrent". What I mean is that he does research on his own and just ask me stuff when he's completely stuck.
So this all started in December 2016 I think, my uncle came visit so we could talk about cryptocurrency. At this point I wasn't an expert, but I knew a thing or two, and with some research we got a very well understanding.
Both he and my aunt wanted to invest a huge amount of money into cryptocurrency, it was I think around $500,000 Mexican pesos, which is around $26,326 USD. They got this money because back in the day when land was cheap, they purchased lots of it to build big houses which then they sold for a lot of money, so for them this is somewhat pocket change.
We looked into buying ant miners, investing into different cryptocurrencies, etc. We decided that one of the best possible options was to invest some money into buying bitcoin, as well as a couple ant miners (Special computers that calculate bitcoin but they use a LOT of power). And with time buy more ant miners.
One mystical day near the end of December, my aunt and uncle invited me to a very sketchy cryptocurrency conference, so I could be there to verify if the information said there was trustworthy.
Well, I didn't suspected much at first, but as soon as we got to the event hell broke lose. It wasn't an MLM it was straight up a pyramid scheme. The conference talked wonders about "Be your own boss" "Young people are becoming millionaires, this is how" "Never work a day in your life again" etc.
It was for this "new cryptocurrency" called sCoin, if you google it you will find a bunch of results in Spanish many of which have the word on the title "Is it a scam?" so... yeah this was a clear scam from the get go.
They talked about how you can buy different packages with different benefits. Get a $526 USD for each family member, and just wait for it to bloom and they can all become millionaires!, and if you get your friends or other family members to join under you, you get 25% of their revenue! And by the end of the year you could earn 10 times the money you invested! how cool is that!?!????
It was something like that.
Once the conference ended, we got to the car and I said "No fucking way, this is a pyramid scheme scam" Now, unfortunately my family has been into pyramid schemes from as far as I have memory, and I've never been able to explain to them why they are so bad, this time was no exception.
My uncle said he was a bit skeptical, but my aunt was like "Well it's just $526, we can buy like 10 packages it isn't much money" to which I internally screamed "IT IS A LOT OF MONEY"
So the next couple of weeks was mostly me and my uncle checking on the website, waiting for any updates and stuff, they would constantly send us YouTube videos, where people talked how big this sCoin thing was going to be, and the scary part was... these videos were recorded on a way that made them seem very relatable.
Each video featured one person talking to the camera ala VLOG style. Some presenters were 25-ish years old, while others were 40-ish or even 60-ish. They all where recording from their garden, showing how big of a house it was they lived in, showed off stuff like their cars, and talked about how entrepreneurs like them reached success putting their earnings into cryptocurrencies. The videos were very poorly edited, but I think this was done intentionally so they seemed more like "We are normal people like you and your friends, we aren't a company"
The videos had 200 visits at most, and comments were disabled in most of them, by the end of January every-time you googled for sCoin you would find about 50% videos made by these people explaining how big sCoin was going to become, and 50% blogs talking about how it was a pyramid scheme scam.
For people like me, this was clear it was a pyramid scheme, but for my relatives, the scheme blogs were clearly written from people who were jealous of the big entrepreneurs.
February arrived, and with it the supposed release of the sCoin... but oh? what's this? nothing happened? the website dint had any changes and when talking with their contacts from the sCoin they just said there was a small delay, now around this time two very big events happened which should've made it 100% clear this was a scam:
  1. We were given the "Address" of the company, whose roots are in Berlin, Germany, of course it had to be "Germany" all the big things in the world come from there, except it was a lie, see, back in the day I went to college with a couple German friends (I studied abroad in Canada and so did they). Locally one of my friends lived in Berlin and when I asked her if she could check the address she literally told me: This is the address of a mall. So when you by any chance looked for the address on street view you'd just see a big building and assume is the headquarters, given how everything is written in German but truth be told it was far from a corporation building it was just your average mall.
  2. The page was updated to sell sCoin through PayPal as a means to make the scam seem more legit. This was great because I have plenty of experience with PayPal, as I mentioned before I am an artist so most of my income comes from commissions paid through PayPal, I told my aunt that PayPal didn't allowed the purchase of any cryptocurrency to which she told me how could I know, I don't work there, so I got my laptop, opened my PayPal account, looked for the contact phone number and gave them a call to directly inquiry about the legitimacy of selling sCoin through PayPal, of course they said they don't allow such behaviour they would look into it and to be careful as this was most likely a scam.
Now I know for a fact PayPal looked into this, because not even a week passed by and we all got an email saying that unfortunately the people at PayPal were not entrepreneurs and they are morons who didn't wanted the opportunity to become millionaires through selling sCoin but once again, they told us sCoin IS NOT ILLEGAL.
By this point I was getting pretty annoyed, there were dozens of google searches saying this was a scam, their headquarters was a scam, their deal with PayPal was a scam, their supposed "big launch" never happened, but still my aunt and uncle believed these people were legit.
March came with another conference, this time for the people who have paid, my uncle in an impulse to participate on the conference bought 10 packages, they even put one of them to my name, so when I'm a millionaire I can put my own business and become an entrepreneur, yeeey thank you so much! Call me a ChosingBegar but I much prefer a bag full of dust it would've been more useful.
This conference was key because two big names I have read before were present, I don't remember the exact names, but when researching information about pyramid schemes one of these persons were mentioned as a lawyer from Guatemala who has been trying for years to make pyramid schemes legal and destroy their bad reputation, this lawyer has represented lots of companies who have gone to court for scamming people off.
I was like "I'm outies, this man in front of us is a literal criminal who helps other criminals why can't you see all that is wrong here?" Unfortunately my aunt and uncle decided to stay, what harm can listening to them do? I mean they already bought 5 packages of $526 USD each...
I couldn't stomach it anymore, I took a taxi and went to the bus station to come home as the conference was in another city. Both my aunt and uncle were upset I did this because I missed so much wisdom about how to be an entrepreneur but by this point I didn't cared anymore.
At this conference my aunt and uncle were convinced to invest a lot of money on sCoin they ended up investing the money they would've otherwise used on bitcoin and ant miners, investing a total of $26,326 USD
Month's passed, the launch date kept getting delayed and delayed and delayed, until around June, I watched a Philip D Franco video that talked about a huge boom on bitcoin. And by this point I started checking Bitcoin rate religiously, until August when it had it's biggest boom: $4,670 USD exchange rate.
My aunt and uncle gave sCoin $26,326 USD around the time where bitcoin costed $1200. If they had followed our initial plan of investing that money into bitcoin, they would've quadrupled their investment. They would have gotten around 389% their original investment which translates to around $102,408 USD or $1,943,387 MXN which is almost 2 million Mexican pesos.
Naturally, my aunt and uncle are pissed that they lost such a chance and they blamed me for a long time, to this day we don't talk to each other anymore, because of this and other reasons.
To this day, sCoin has yet to be launched.
submitted by captainjawz to iilluminaughtii [link] [comments]

XRP Subreddit Rules, Helpful Links & Answers to Common Questions - READ BEFORE POSTING

You must read our rules before participating in XRP
Helpful links and answers to common questions will be updated frequently so check back often
 
 
Ripple Subreddit Rules
https://www.reddit.com/XRP/wiki/rules
 
Helpful Links
Ripple Insights - Top 9 Frequently Asked Questions About Ripple and XRP (Jan 18, 2018)
Ripple’s Ultimate Strategy; why XRP will increase in value
Removing inefficiency of international payments with XRP
Reasons to expect XRP to be the most popular bridge asset
"XRP is competitive now in the USD/MXN corridor"
Ripple's Decentralization Strategy Update
XRP Market Performance
List of Ripple Partnerships and RippleNet Implementations
 
People to Follow
Ripple on Twitter
Brad Garlinghouse, Chief Executive Officer at Ripple
Yoshitaka Kitao, executive chairman, CEO and president of SBI Holdings, Inc.
David Schwartz, Chief Cryptographer at Ripple | aka u/sjoelkatz
Stefan Thomas, Former CTO at Ripple, Co-creator of Interledger. Founder at Coil
Patrick Griffin, Senior Vice President of Business Development at Ripple
Miguel Vias, Head of XRP Markets at Ripple
Warren Paul Anderson, Product Manager, xRapid/XRP at Ripple
 
Hodor's XRP Blog
TplusZero - research & analysis on #XRP
 
Most Discussed Topics and Answers
● The Case Against BankCoin - Banks need an independent digital asset to enable truly efficient settlement
● Ripple Technology → Fast Payments → XRP → Fast Settlement
● Solving the chicken and egg problem - FI's bridging payments with XRP & companies saving money by holding XRP
● Banks hold XRP under a contractual agreement | Build liquidity to bridge payments to raise the demand for XRP
● How the global adoption of xRapid (XRP liquidity tool) would affect the value of XRP
● Besides instant cross-border payment settlement, XRP can capture other use cases, value that doesn't yet exist
● XRP Ledger has numerous technological advantages over blockchain systems that use proof of work
● Ripple is committed to making the XRP Ledger as decentralized as they possibly can
● Quantum-resistant signature schemes - Adding a new scheme is easy and fast
 
XRP Wallets
You need 20 XRP to activate an XRP wallet. Fees can be changed by the validators through the voting process.
The reserve requirement protects the XRP Ledger from spam or malicious usage.
 
When you are sending XRP to an exchange, destination tag is very important.
Destination tag is not needed when you transfer XRP to your own wallet address.
 
● XUMM by XRPL Labs | Developers
XUMM is a free app (iOS and Android) that makes sending, receiving and interacting with the XRP ledger easy & secure.
 
● Ledger Nano S | Tutorial | FAQ | Buy Online | Ripple Recovery Tool
Cryptocurrency Hardware Wallet
When you get your Ledger wallet, you must reset it and get a new set of 24 words seed before using it.
 
● The World Exchange | How to Create a Cold Wallet for Ripple
A free user-friendly and purely client-side wallet
 
● GateHub | Support | Network Statistics
GateHub XRP Web Wallet
 
Tools
Check XRP wallet balance - Bithomp | Graph | Transactions
Print raw information about an account, a transaction or a ledger - RPC Tool
 
Exchanges
The best way to support XRP is to buy/sell XRP directly with your local currency, not with USDT, ETH, LTC, or BTC.
Available XRP pairs - AUD, BRL, CAD, CNY, EUR, GBP, IDR, INR, JPY, KRW, MXN, PHP, RUB, THB, TRY, UAH, USD, ZAR.
You can find the complete list of XRP exchanges and supported XRP/fiat pairs Here.
 
USD - US Dollar
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub |
Exrates | Exmo | Mr. Exchange | Bitsane | Sistemkoin | BitBay | Quoine
 
EUR - Euro
Kraken | Bitstamp | Gatehub | CEX.IO | LiteBit.eu | Anycoin Direct
The Rock Trading | Bitsane | BitBay | BitFlip | Bitlish | Quoine
 
KRW - South Korean Won
Bithumb | Upbit | Coinone | Korbit | GOPAX | Coinrail
 
JPY - Japanese Yen
Kraken | Bitbank | Quoine | Mr. Exchange
 
CNY - Chinese Yuan
RippleFox | Ripple China | Fatbtc
 
TRY - Turkish Lira
Vebitcoin | BTCTurk | Koineks | Sistemkoin | Ovis
 
INR - Indian Rupee
Zebpay | Koinex | Unocoin | Bitbns | BuyBitcoin | BuyUcoin
 
AUD - Australian Dollar
BTC Markets
 
THB - Thai Baht
BX Thailand
 
MXN - Mexican Peso
Bitso
 
IDR - Indonesian Rupiah
Indodax | Quoine
 
RUB - Russian Ruble
Exmo | BitFlip
 
ZAR - South African Rend
Altcoin Trader
 
CAD - Canadian Dollar
Kraken
 
UAH - Ukrainian Hryvnia
Kuna | BTC Trade UA | BitFlip
 
GBP - British Pound
Cryptomate
 
BRL - Brazilian Real
Braziliex
 
SGD - Singapore Dollar
Quoine
 
AED - United Arab Emirates Dirham
BitOasis
 
PHP - Philippine peso
CX | Exchange
 
USDT - Tether
Poloniex | Bittrex | Huobi | OKEx | CoinBene | Upbit | HitBTC |
ZB.com | Gate.io | Sistemkoin
 
ETH - Ethereum
Binance | Bittrex | Gatehub | OKEx | OTCBTC | Upbit | HitBTC |
Bitsane | Mr. Exchange | CoinFalcon
 
LTC - Litecoin
Bitsane | Mr. Exchange
 
BTC - Bitcoin
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub | Binance | Poloniex | Bittrex |
HitBTC | OKEx | Upbit | Huobi | BTCTurk | BTC Markets | CoinEgg | Exmo |
ZB.com | OTCBTC | Coinrail | Bits Blockchain | Triple Dice Exchange | Indodax |
Exrates | Qryptos | Gate.io | Bitsane | Bitso | Ovis | BCEX | BitBay |
Mr. Exchange | Orionx | CoinFalcon | Abucoins | BitFlip | LakeBTC | Coinbe
submitted by nvok to XRP [link] [comments]

What to do with 7USD in PayPal from Mexico?

I earned 7 USD via Appen through PayPal on november, it has been sitting in my account since then, I can’t spend it because in order to turn it to pesos PayPal takes a dollar and my bank 4 more so I was thinking of buying bitcoin but coinbase doesn’t allow to buy from Mexico with PayPal, what else could I do with this money?
Edit: I can’t buy anything because I live in Mexico and have to spend in USD, if I buy in the U.S. mexican customs rip me off and if I buy in Mexico PayPal and my bank rip me off with their exchange rate
submitted by ZattanHussain to personalfinance [link] [comments]

Cost breakdown remittance to Mexico: Circle+Volabit vs. Western Union. Bitcoin for the win :)

This test can be easily verified by anyone with both Circle and Volabit access. You might need access to a Mexico cellphone to access Volabit.
Enter your Circle account, and click Add Funds, type in 100 USD, copy bitcoin payout amount with all the decimal places. Enter your Volabit account, click "Vender" on the upperhand bar, and paste the bitcoin payout from Circle into "Cuantos Bitcoins Quieres Vender". This will calculate your final payout in pesos after exchange and fees. Now Take that number in pesos and compare to how much 100 USD is currently worth in pesos after converting at the XE.com rate.
My results as of a few moments ago: $65.52 pesos total cost for the remittance! That's $4.86 USD. Western Union charges minimum $4.99 USD, and that's before taking the hidden exchange spread into account, which is already included in the above calculation using volabit and circle.
The circle+volabit combo gets funds from your US account to a Mexican bank account same day, provided circle and volabit both operate smoothly that day. There is a brief moment of vol exposure + friction as you buy circle funds and send to volabit, but if circle runs smoothly and volabit receives the funds instantly (one time they did for me, one time there was a delay), then this should work fine. Larger sums appear to clear faster on average.
TL;DR: It is now doable to execute same day fiat-btc-fiat remittances for less than Western Union to Mexico with the caveat that there is a 5 to 30 minute volatility exposure window as you transfer bitcoins.
Edit: Wow, I just completed an operation sending just 10 USD! 25 minutes for bitcoin transfer to clear, then was able to sell for 119.2 pesos. My total cost to transfer 10 bucks, with exchange rate included: $1.16 USD total. I don't believe this was possible before, and for so little. To take this into perspective, if you were going to exchange 10 USD for pesos in Cabo San Lucas or Cancun, you would pay nearly that much at the "Casa de Cambio" or currency exchange shop downtown or at the airport just to exchange.
Edit: Here's the breakdown I promised, with a third testing 6 hours later:
100 USD from US bank account -> 0.27430327 BTC purchased on Circle instantly no fees.
Volabit conversion of 0.27430327 BTC to MXN:
Total: $1276.47 MXN payout to mexican bank account (after discounting $25.43 MXN in service fees)
Interbank exchange rate on XE.com: 13.4809 x $100 USD = $1348.09 MXN (this would be the ideal conversion of 100 USD, close to the exchange rate you'd get if you were the bank. I'm using it as a benchmark)
Dif betwn interbank exchange & actual exchange w/fees included: $1348.09 MXN - $1276.47 MXN = $71.62 MXN
$71.62 mxn / 13.4809 exchange rate from XE.com = $5.31 USD total cost for remittance of $100 USD, exchange fees and service fees all factored in.
submitted by platonicgap to Bitcoin [link] [comments]

Presenting an android App CryptoAdda-CryptoCurrency,Airdrops,ICO,News,Coins

Do you Want to keep track of current price and latest price change for crypto currencies like Bitcoin, Ethereum, Litecoin and more? Download CryptoAdda !!!
-All in one about CryptoCurrencies and Market Trends.
-Tracking of 1850 crypto currency coins with Graphs and previous history.
-Favorite coins can be added to watchlist
-Different Fiat and Currency Exchanges (U.S. Dollar(USD & USA),Australian Dollar,Canadian DollarEuro, British Pound, Hong Kong Dollar,Japanese Yen,Mexican Peso,BrazilianReal,Chinese Yuan,Indian RupeeKorean Won, Russian Ruble,South African Rand,Icelandic Kron,Thai Baht,NorwegianKrone, Malaysian RinggitPhilippine Piso,Turkish Lira,Swedish Krona,New Zealand Dollar,Israeli Shekel,Indonesian Rupee,Romanian LeuDanish Krone,Czech Koruna,Swiss Franc,Polish Złoty,Hungarian Forint,Singapore DollarBulgarian Lev,Croatian Kuna
-Guranteed returns of Airdrops to get bounties or free coins to your Wallet(ETH or Mew or other Wallets)
-Addition of New ICO based on our ICO Research and our ICO Advisor Team with variour factors like Risk,Investment and Hype Ratings given by Our Research Team.
-146 Exchanges Listed
-Live Announcements from Different exchanges across world
-Live Announcements from Different CryptoCurrency Tokens and Coins
-Live News
-Live Hot News
-Lot more features.
-And Many more are coming .We keep you posted.
Why can't you give a try.
Check out the prices of the crypto currencies in the following fiat currencies:- U.S. Dollar(USD & USA)- Australian Dollar- Canadian Dollar- Euro- British Pound- Hong Kong Dollar- Japanese Yen- Mexican Peso- Brazilian Real- Chinese Yuan- Indian Rupee- Korean Won- Russian Ruble- South African Rand- Icelandic Kron- Thai Baht- Norwegian Krone- Malaysian Ringgit- Philippine Piso- Turkish Lira- Swedish Krona- New Zealand Dollar- Israeli Shekel- Indonesian Rupee- "Romanian Leu- Danish Krone- Czech Koruna- Swiss Franc- Polish Złoty- Hungarian Forint- Singapore Dollar- Bulgarian Lev- Croatian Kuna
Thank you,CryptoAdda Team
submitted by bornemindz to Bitbns [link] [comments]

CryptoAdda-CryptoCurrency,Airdrops,ICO,News,Coins

No need to go to all the places.All in ONE Crypto Tracker About ICO,Airdrops,Hot News,Exchanges and Lot more..
https://play.google.com/store/apps/details?id=com.bornemindz.cryptoAdda

Do you Want to keep track of current price and latest price change for crypto currencies like Bitcoin, Ethereum, Litecoin and more? Download CryptoAdda !!!

-All in one about CryptoCurrencies and Market Trends.

-Tracking of 1850 crypto currency coins with Graphs and previous history.

-Favorite coins can be added to watchlist

-Different Fiat and Currency Exchanges (U.S. Dollar(USD & USA),Australian Dollar,Canadian Dollar
Euro, British Pound, Hong Kong Dollar,Japanese Yen,Mexican Peso,Brazilian
Real,Chinese Yuan,Indian Rupee
Korean Won, Russian Ruble,South African Rand,Icelandic Kron,Thai Baht,Norwegian
Krone, Malaysian Ringgit
Philippine Piso,Turkish Lira,Swedish Krona,New Zealand Dollar,Israeli Shekel,Indonesian Rupee,Romanian Leu
Danish Krone,Czech Koruna,Swiss Franc,Polish Złoty,Hungarian Forint,Singapore Dollar
Bulgarian Lev,Croatian Kuna

-Guranteed returns of Airdrops to get bounties or free coins to your Wallet(ETH or Mew or other Wallets)

-Addition of New ICO based on our ICO Research and our ICO Advisor Team with variour factors like Risk,Investment and Hype Ratings given by Our Research Team.

-146 Exchanges Listed

-Live Announcements from Different exchanges across world

-Live Announcements from Different CryptoCurrency Tokens and Coins

-Live News

-Live Hot News

-Lot more features.

-And Many more are coming .We keep you posted.

Why can't you give a try.

Check out the prices of the crypto currencies in the following fiat currencies:
- U.S. Dollar(USD & USA)
- Australian Dollar
- Canadian Dollar
- Euro
- British Pound
- Hong Kong Dollar
- Japanese Yen
- Mexican Peso
- Brazilian Real
- Chinese Yuan
- Indian Rupee
- Korean Won
- Russian Ruble
- South African Rand
- Icelandic Kron
- Thai Baht
- Norwegian Krone
- Malaysian Ringgit
- Philippine Piso
- Turkish Lira
- Swedish Krona
- New Zealand Dollar
- Israeli Shekel
- Indonesian Rupee
- "Romanian Leu
- Danish Krone
- Czech Koruna
- Swiss Franc
- Polish Złoty
- Hungarian Forint
- Singapore Dollar
- Bulgarian Lev
- Croatian Kuna



Thank you,
CryptoAdda Team

submitted by bornemindz to BitcoinIndia [link] [comments]

WalletBit Expands its Bank Deposit Option to 42 Currencies

WalletBit now offers 42 currency options, enabling bank deposits in over 50 countries..This means the advantages of Bitcoin can be enjoyed by more than half the world's population. Many countries added in this latest expansion have never been able to sell their Bitcoins for local currency until now.
Conversion rates are locked in at the time of purchase or Bitcoin deposit. This means that you never have to worry about the Bitcoin exchange rate or where you are going to sell your Bitcoins. The process is entirely automated and you will receive weekly bank deposits in your local selected currency.
The currencies now supported by WalletBit are:
Australian Dollars (AUD), Bahrain Dinar (BHD), Bulgarian lev (BGN), Canadian Dollars (CAD), Danish Krone (DKK), Pounds Sterling (GBP), Euro (EUR), United Arab Emirate (AED), Hong Kong dollars (HKD), Indian rupees (INR), Icelandic krona (ISK), Israeli Shekel (ILS), Japanese Yen (JPY), Jordanian dinars (JOD), Kenyan Shilling (KES), Croatian kuna (HRK), Kuwait Amazing dinars (KWD), Latvian lats (LVL), Lithuanian litas (LTL), Morocco Dirhams (MAD), Mexican peso (MXN), New Zealand U.S. dollars (NZD), Norwegian Krone (NOK), Pakistani rupees (PKR), Philippinske pesos (PHP), Polish zloty (PLN), Romanian leu (new) (RON), Russian ruble (RUB), Saudi rials (SAR), Swiss francs (CHF), Singapore dollars (SGD), Sri Lankan rupees (LKR), Swedish Krona (SEK), South African Rand (ZAR), South Korean won (KRW), Taiwan Dollars (TWD), Thai baht (THB), Czech koruna (CZK), Tunisian dinars (TND), Turkish lira (new) (TRY), Hungarian forints (HUF), U.S. dollars (USD)
WalletBit is the most affordable way to accept Bitcoins worldwide. All of our currency conversion options are just 1.86%. When you add our standard Bitcoin processing rate of 0.89% you pay a total of 2.75%. All accounts include the ability to use our business tools. This includes but is not limited to Mobile Checkout, shopping cart plug-ins and our point of sale system. For more information please see www.WalletBit.com.
submitted by WalletBit to Bitcoin [link] [comments]

Bitcoins aren't a bubble and here is why

There is a proverb in the world of economics and it goes as such: "There are gains from trade" The example I'll chose is as follows. Two individuals, on two different islands, rely on eggs and bananas for sustenance. Both individuals need eggs AND bananas to survive. All other nutrients the two individuals need are satisfied by the wildlife and plants on each island. Island A happens to grow plenty of bananas while island B has plenty of chickens that produce eggs. The two individuals are visited by a merchant who happens to trade bananas for eggs 1:1. The individual on island A trades extra bananas for eggs to the merchant. The individual on island B trades extra eggs for bananas. Both people survive this way by trading. lucky enough for these people they trade their extra bananas and eggs for the other and come out ahead. Without trade the two individuals would die from malnourishment. The gain from trade, in this example, is survival. The merchant, too, gained because he was exchanging 1 egg for 10 bananas to island A and 1 banana for 10 eggs to island B. This is actually what many merchants do on a regular basis. This is also what stock exchangers do to survive. Money exchangers do the same.
The example I used involved bananas and eggs. What many people forget, when exchanging anything, is that their "money" is good for many other things than just goods and services and other "money" it is also good for saving. People tend to forget this, especially if they're not used to keeping money in large quantities in places they won't use it.
I believe Bitcoin is going to stay and I'll explain why. Bitcoin is not a stock, and does not have as many barriers to entry as stocks do. When people think of "investing" they think of stocks and bonds. When people think of saving, however, they generally think of currency or cash (a piggy bank with coins in them). I believe the founder exchangers have taken on the idea of currency savings. This idea usually doesn't take hold of a person or people unless they see good reason to.
There is a mentality to new exchangers and a mentality to old exchangers. I'm going to explain why old exchangers behave differently than new ones.
If you own any amount of bitcoin you are an exchanger (unlike a trader). Exchangers undergo arbitrage when they sell or buy. They have to set the price of their currency against another currency and hope other buyers or sellers will agree to that price. They buy for one price, and sell for another (typically higher than they bought for). The initial exchangers to hit the money market probably didn't expect much and probably didn't invest much, but over time saw their new money become more "valuable". The value of the coins didn't change, the value of all goods and services against that coin did. Everything else became less valuable compared to bitcoins. This is different than stocks. Stocks become more valuable, or less valuable (independently) compared to everything else. Why is this the case, you might ask? because you cannot exchange corn for every good or service. In some places of the world, corn is so plentiful you can't give it away, you might have to pay someone to take it from you! Currencies, however, can be exchanged for every good and service (worldwide). You can, however expect money currency to hold across distances but there is a caveat. Money of different types and denominations is worth different amounts than their numbers denote. For example, some places don't accept 100 dollar bills. Does this make the bill less valuable? well somewhat yes, but somewhat no (I'll let you think of the many reasons why). Currencies, just like stocks, can have nominal prices. If, say, I decide to sell my single ear of corn for 10 USD (or 100 pesos MEXICO) I'm likely to wait a very long time before someone buys. If, however, I sell my ear of corn for ten cents (1 peso MEX) I'm very likely to sell within the day. What if, however, I decide to sell just the peso or the dollar and forget about the corn altogether? Say I sell 1 dollar for 11 pesos to people heading south for vacations. I'll probably sell it quickly. Say I sell 9 pesos for 1 dollar to Mexicans heading north for work. I could even do this to the same exact person every year twice a year who happens to have dual citizenship (many families with relatives abroad already do this because guess what? they're still selling for a better asking price than the exchangers at banks and seaports and airports). So the rule that money is good everywhere isn't actually true, it needs to be amended. Money within one region is more valuable than to people in a distant region (provided that money needs to be exchanged in regions further away).
The same holds true for currency. If you have ever exchanged money at an airport (some of you likely have) you likely took a decent hit. People will take your 10 dollars USD for 90 pesos, or even 60, or maybe 50. People who are learning a new currency may make mistakes and lose a lot of it because people set their currency "price" as however they like. "My Deutschmark is worth 40 bags or rice or 300 bananas," is one way someone might market their currency. This doesn't usually work, however, as people find the nearest human being with a Deutschmark and learn what that currency is really worth (or just use their closes google-ready device to check the exchange rate). Deutschmarks have been eliminated since 1999, but traded for about 2.08 DM at the time. The last time the predecessor to DM, Rentenmark (RM), were generally accepted you could probably buy no more than 25 bananas for one RM.
It becomes even more complex the further go dive into how currencies behave. Dying people pay entire grandchild college funds or firstborns retirement packages to save their own lives sometimes. In other lands dying people pay the actual grandchild or firstborn to those they owe debt!
In another example, very young children will do the unthinkable and say "I'm sorry," "thank you," and even go so far as to wipe their own behinds for just 4 USD a month, if you're lucky you can make them empty a trash bin too. Most wealthy elites on this planet would never think of doing those things for 4 USD a month. Different people pay different things in different ways but one thing holds true, a currency that is more liquid than another will always win. Sometimes sex, or commodities become like currencies, but they dwindle or are competed against by better providers with a "better" or more "Refined" version.
Think about currencies as chips in a casino. Every casino has their own chip. Sometimes you will bring a chip home from Los Vegas or Reno. The chip, you may find, have very little value outside the casino. Likewise, carrying Euros in the USA becomes less useful than carrying USD. Most people won't accept your Casino chip or Euro at the grocery store or restaurant in Pico, California. In fact most people in Pico, California may have a hard time knowing what either of these currencies are. To them you become a currency salesperson instead of a buyer of goods and services. To make that chip worth something you need someone willing to exchange for a price that either matches or comes close to what everyone else is exchanging for. There are always costs to maintaining a casino. Making chips isn't cheap for casinos, the chips can't be duplicated easily or the house will be flooded with fakes and bust. Nations have the same problem and spend lots of goods and services to keep their currencies from busting. Provided, however, they keep things going without problems the house will win regardless of who bets on what.
If you are skeptical of this "value" of bitcoin consider the following sociology proverb. An idea, if held by people such that behavior of those people has an actual physical on others or things that idea has effectively become a reality. This is called the "Thomas theorem" in sociology.
In Economic theory you can consider money a "tangible reference." It refers to things that are real. IOUs are kind of like money because if "I owe you one apple" is written down by you, and handed to me, I'll be able to claim a real goddamned apple from you at some point. I could even take you to court if you decide to default on your IOU and get it that way. Money is a more open-ended IOU. It refers not to an apple owed by one person to me, but by everyone willing to sell apples to me. Someone with massive stashes of money knows well that society, in a way, "owes" him or her almost anything imaginable that can be sold. That person, however, knows he will pay different amounts of "IOUs" back to people for a good that is very very difficult to come by. ((I'm going to reference Shawshank Redemption here, please forgive me if you haven't seen/read it.)) Take Red from Shawshank redemption charging all those valuable cigarettes for the small tool that Andy needed. It wasn't cheap, but in that small world of prison, getting a tool to tunnel out of prison costs a life savings. Take Brooks, the old man who only wanted to be with his crow and give books to the other prisoners. I bet brooks would have traded anything he owned to get back INTO prison. Different people have different desires, needs, and taste. This is why Stocks are volatile at times. Corn today, apples tomorrow, and then apple tomorrow (apple computer stock). The same holds true with currencies. Some people will pay a lot of money for a coin struck by ancient rome or egypt. Perhapts that coin was worth only a pint of wine, but today its worth a thousand bottles of fine red from France's best vineyards.
Money doesn't degrade quickly, and online money never degrades. I'm talking about the physical failure of money, when a coin breaks, or becomes so worn down it can't be distinguished from copper or nickel ore stone. Many of ancient coins were lost to degradation. I bet, however, if you check your diablo II account on that old computer you still have all the money you had when you left it.
This is the true value of satoshis. While corn, if left in savings, will rot, satoshis and bitcoins will not. Saving bitcoin isn't a joke or a lofty "gamble" its a huge investment into tomorrow and it has already begun to pay off.
Say, for example, George crafts and delivers a pizza and is paid in 20 USD on dec 2011. George goes home and puts that 20 dollars away. In 2013 George decides to buy a pizza. Fortunately for George, the pizza only costs 20 USD. What happened? something very special. George may have given and received one pizza, but when he put that money he received away he placed it into Savings. His savings account was the bitcoin currency. George could have chosen many many other currencies but he decided on bitcoin. Now George can buy pizzas all year without even touching his income he makes now. The best part about George's new fortune is that he won't have to deal with a bank taking their share every month, he won't even have to spend gas or energy to get to the bank, he only has to use his home pc.
This is precisely what the initial exchangers of bitcoin (provided they didn't sell immediately) experienced and that experience will not likely be forgotten. Their friends, family, and acquaintances will have heard of their own type of "pizza trading" tales. When they consider dumping all their bitcoins they may reconsider, and save a few. This, in spite of any bubbles of crashes is why bitcoin will hold strong. It may even hold strong at 20 or 40 or 100 USD/btc, but it won't die because old school investors will not sell below a prices that surpases what they paid. Bitcoin is the only money to increase in relative value as quickly as it has in history to date! It has done so in one special way, it is accepted worldwide by any merchant abroad willing to trade with you. They are very much like the banans AND eggs on those islands in my first example. Bitcoins are the fish, oil, cars, and donuts found around the world, they need only nominated (as a nominal currency) as such.
Bitcoin is an idea, but also a reality.
submitted by MTAApple to Bitcoin [link] [comments]

Money transfer services vs fiat-pegged crypto debit NanoCard MasterCard

The introduction of the Instant-Bitcoin-to-fiat Revolutionary Next-Gen Bitcoin Debit NanoCard issued by MasterCard™ mentioned in other reddit topic as per below mentioned is creating the interest and possibilities of a soon to come Fiat-pegged Crypto Debit MasterCard
Instant-Bitcoin-to-fiat Revolutionary Next-Gen Bitcoin Debit NanoCard issued by MasterCard™ http://www.reddit.com/Bitcoin/comments/36p6a1/instantbitcointofiat_revolutionary_nextgen/
Spend your Next-Gen Bitcoin Debit NanoCard any where Mastercard payments are accepted! - http://www.reddit.com/Bitcoin/comments/36ysfl/spend_your_nextgen_bitcoin_debit_nanocard_any/
Money transfer services vs fiat-pegged crypto debit NanoCard MasterCard
CCEDK’s innovation has the potential to upend the money transfer business, especially in countries like the Philippines, Mexico and Vietnam, with their millions of ex-patriots. Now, these people need no longer use services like Western Union, with their poor exchange rates and excessive transfer costs, to send money to their loved ones. Instead, they need only to send them a Crypto Debit NanoCard MasterCard where the supporting currency is pegged to USD, EUR, CNY or even the country's own currency, which will allow them to pay in stores or cash out money whenever they need it with no volatility risk. The fiat-pegged crypto balance is exchanged only when the card is used at point-of-sale terminals or ATMs – not before, not after, but instantly at the moment of transaction.
A Crypto Debit NanoCard MasterCard with no volatility risk
With the last columns in mind it looks as if CCEDK will soon be able to write history offering the NanoCard not only to the entire crypto currency community as a unique and one of a kind Crypto Debit NanoCard issued by MasterCard, but as a possible game changer offfering this option to the world of hard working ex-patriots looking for a secure and speedy speedy way to send money home to their loved ones.
"Like the great Martin Luther King once said, "I have a Dream", and my own dream is soon to offer a Debit NanoCard MasterCard as a great alternative to today's money transfer services, allowing Filipinos, Vietnamese and Mexican expatriot's to finally get some Value for their hard earned money" says CEO Ronny Boesing, CCEDK ApS
With a fiat-pegged Crypto currency based Debit NanoCard MasterCard where you are able to spend money anywhere worldwide directly and instantly from your CCEDK crypto currency wallet with no volatility risk, it is no surprise well established crypto media like Bitcoinmagazine, Cointelegraph and newcomer BTC.com with same ownership of Bitcoinist have already chosen to write about it, and it seems only a matter of time before we will see the interest of doing their own article on the matter from non-crypto media like Bloomberg, ThomsonReuters, WSJ or similar.
This article seem yet another confirmation of crypto currencies to be moving closer to becoming the No. 1 choice of the every-day consumer!
Sources: https://bitcoinmagazine.com/20470/danish-exchange-ccedk-launches-mastercard-bitcoin-debit-card/ http://btc.com/danish-exchange-ccedk-announces-mastercard-issued-debit-card-nanocard/ http://cointelegraph.com/news/114284/danish-exchange-unveils-next-gen-bitcoin-debit-nanocard
Editor or journalist wanting to write an article on this?
Do not hesitate to contact CEO Ronny Boesing of CCEDK ApS on e-mail [email protected] or call on phone: + 45 36 98 11 50
submitted by ccedk to CryptoCurrency [link] [comments]

My friend's question about buying Mexican Pesos with bitcoin

A friend of mine, who lives in the US and travels to Mexico often, wants to know if bitcoin can be helpful in converting USD to Mexican Pesos at a better rate than going through traditional exchanges or banks. Also, it would be nice to be able to use a debit card to spend the Pesos while in mexico.
submitted by alwayssayswhichone to Bitcoin [link] [comments]

A case for the microbitcoin (uBTC) satobitcoin (sBTC).

Everyday, there are dozens of post being made about how we need to stop referring to whole Bitcoins and begin using the millibitcoin (mBTC) or microbitcoin (uBTC) as the new standard denomination. Within all of these discussions, you generally have a handful of people advising that we skip past all of them and go straight into using the Satoshi as the new standard unit.
Right now, we are on the verge of the millibitcoin reaching parity with the US Dollar. While this will be unquestionably convenient for BTC accepting merchants, the fact remains that at this point, barely any of these merchants are pegging their prices to the Bitcoin, but are instead using USD, EUR, etc and letting the payment processor do the conversion based on the current exchange rate. Therefore, by this logic, it makes little difference what the merchants decide, since they are most likely using Bitcoin has a cheap form of payment processing.
The question we should all be asking ourselves is how high do we expect the Bitcoin market cap to climb, before we reach a point of stability, and how long do we anticipate it will take for us to get there. The honest truth is, that none of us can definitively answer this. However, let's assume that Bitcoin has enough growing room to achieve a $100B market cap by sometime in the year 2015. At this point, one Bitcoin will be valued at approximately $6,666.67 USD, which would mean that the millibitcoin will have reached $6.67, whereas the microbit will have yet to reach parity with the US cent. Now, if you are looking at this from an American mindset, you are probably thinking, "Gee! mBTC's are awesome! The market will have to increase another ten fold before we will even need to start considering using anything else." The honest truth is that you are probably right. However, we Americans usually have a hard time accounting the fact that we only make up about 5% of the World's population. Let's see how the uBTC stacks up to a few currencies that are within markets that have potential to deliver serious growth to the Bitcoin economy.
At a $100B USD Marketcap (current exchange rates) 1 uBTC would be the equivalent to
.09 Mexican Pesos
.02 Brazilian Reals
.42 Indian Rupees
.02 Israeli New Shequel
.58 Kenyan Shillings
As you can see, compared to other global currencies, the uBTC does not seem nearly as small as it does for us in the US. Now, let's take this to an extreme hypothetical. Let's assume that one day Bitcoin reaches a total market cap of $1 Trillion USD. At this point, the uBTC will be knocking on nearly a .07 USD valuation, and will have surpassed parity of some of the currencies listed above.
So what is the right answer? Truth is, there isn't one. The preferred choice of BTC denominations should be a regional decision, and not a global one. I do know that while a $1 Trillion market cap is within the realm of possibility, I do not see it happening by 2015, then again, I could be incredibly wrong. What does need to happen I believe is that developers need to design their products and services, such as wallets and exchanges to be as modular as possible for each individual user, and possibly set the defaults based on wherever the service or application is being used.
Furthermore, you'll notice that I referred to the Satoshi as a satobitcoin (sBTC). Why? Well, let's be real. Does anyone honestly think that a "satoshi" is going to be widely accepted around the globe if Bitcoin grows to the level that we are all hoping that it does. My money is on no. It's a nice gesture, but I just cannot see it being widely adopted in the long run. Nanobitcoins have a nice ring to them, but that would require Bitcoins to be broken down to the ninth decimal place, rather than the eighth that Satoshi originally intended. I personally think that the "satobit" has a much better sounding ring to it, is much less jarring and still pays tribute to Bitcoin's originator.
Bitcoin, centibitcoin, millibitcoin, microbitcoin, satobitcoin
submitted by brcreeker to Bitcoin [link] [comments]

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Year 2015 Mexican peso/United States dollar (MXN/USD) rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year. Source: Bitcoin charts (Bitcoin charts) Result of conversion 790 Mexican Peso to Bitcoin. Convert 790 MXN to BTC to get actual value of this pair of currencies. We use international MXN/BTC exchange rate, and last update was today. Online converter show how much is 790 Mexican Peso in Bitcoin. Exchange rate from South African Rand to Mexican Peso: ZAR to MXN: 1.2832: USD: US Dollar: Exchange rate from US Dollar to Mexican Peso: USD to MXN: 21.23: AED: UAE Dirham: Exchange rate from UAE Dirham to Mexican Peso: AED to MXN: 5.7798: AFN: Afghani: Exchange rate from Afghani to Mexican Peso: AFN to MXN: 0.2762: ALL: Albania Lek: Exchange ... Convert 12.99 BTC to United States Dollar or other currencies with the currency exchange calculator. 12.99 USD in BTC result is shown with graph and rate history of this pair of money. If you want to find equivalents of 12.99 World local money in United States currency check table - 12.99 Cryptocurrency Bitcoin in different currencies. Bitcoin BTC exchange rates today. ISO 4217: BTC ; Symbol: Ƀ Main attention is drawn to BTC exchange rate Bitcoin and currency converter. First table lists exchange rates (quotations) of the most popular currencies to Bitcoin (BTC).

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Top Three Bitcoin ($BTC) Exchanges! - YouTube

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