Well bitcoin seems to have caught hold in the Philippines. They do have a lot of bitcoin-related services. Wish the rest of the world could be as accepting as them towards bitcoin. Definitely a positive lean on bitcoin.
I would love to see where all this hype is coming from.
I live here, I am a member of many MANY Philippines Bitcoin and crypto related facebook groups. I have met a lot of so called bitcoin investors. For me I see no real interest in the people here. I see no real involvement and I sure dont see any of these bitcoin-related services. I see very very few miners and I have one of the largest bitcoin mining farms in the Philippines and it is tiny compared to most western farms.
I cant even organize these people to come together as a group and help progress themselves as bitcoiners and investors. From my experience most of the investors I have met, got in when the coins were super cheap and just want to be bagholders. I see most of them are doing anything and everything free they can to obtain bitcoins right now, but want no part in a real investment, Like a bitcoin mining pool for the Philippines that is solar powered, Or a bitcoin cloud mining operation that is solar powered.I have mentioned these and other progressive ideas to many of the investors that said they were big holders of bitcoins.
Their internet sucks holding all of us back from any of those opportunities. For faucets, and anything related like that we have to fight each other, meaning if me and my neighbor do the same faucet and he does the faucet before me, I incur his wait time on my account, Or he is a member of a site that has a one per household limit I can not join in, because they have what is called shared internet service. Not to mention all of the ISP providers customer IPS as well as server IPs are blacklisted making it impossible to even get accounts with a lot of the income generating avenues Bitcoin offers.
The Filipinos that do seem genuinely interested are mostly OFWs or people who are Filipino but do not live here anymore looking for good opportunities to help their families back here.
I will say coins.ph is one of the leaders in the bitcoin revolution over here and have tried a few times to get me to utilize thier service however I am a local bitcoins man, I have been with them from the beginning and as of right now have no intentions on changing.
I have actually stopped dealing with the Philippines investors due to their lack of true interest, their embellishing of their true invested amounts, and just the things most of them have told me that were simply lip service or empty promises. I have connected with investors from Viet Nam instead. and we are progressing very promising projects right now. It is sad the Filipino people have a lot to benefit from Bitcoins and the crypto community, but the reality is they neither see the benefits nor have a real want to get involved unless it is free. They have the misunderstanding that in business you never have to spend money to make money, and they cant see past the hand in front of their face. A lot of them are looking for a quick payout, and overnight quadruple their money ordeal and dont seem to realize that train long passed us a couple years ago.
It really is sad how hard i worked, how many people I met and how little involved they really wanted to be. It is even more sad that i know how much an investor can profit from some of the programs we have in mind, and last but not least it is most sad that i had to go out of the country where I live to find true investors who gave me more than lip service and empty promises.