Topic: PHILIPPINES: UNIONBANK MINES BITCOIN IN CONFERENCE ‘EXPERIMENT’ - page 2. (Read 280 times)

Publicity stunt lang pala yun. Akala ko kasi nag invest talaga sila ng mga mining rigs para mismo sila ung makakuha ng BTC. Sa daming mga pinoy na nag cryrypto ngaun malamang gusto ng Union Bank na don tayo bumili o magbenta ng ating mga minimina o mga nakukuhang bitcoin. Tiyak malaki ang kikitain nila sa dagdag porsyento na ipapatong kumbaga.

Front lang yan, para mapunta sa kanila atensyon ng mga tao. Kung dito sila pupunta malamang mas marami pa matutunan nila. Media exposure lang yan. Pwede rin naman sila mag run nodes, o kaya yung bitcoin core. Ano ba matututunan nila sa mining? Hashrate? Is that how bitcoin works? Business men are business men talaga. Laging business as usual, they don't care what kind is it as long as it is profitable.

Mukang may niluluto, abangan natin yan kung ano ang sunod

Nakita ko ito sa Twitter kung saan nag-tweet si Cuneta about sa article na ito. Actually, natuwa ako nung nakita ko yung Tweet niya, though medyo misleading kasi tingin ko eh hindi sila mismong "nagmimina" dun sa conference na yun, pero na-gets ko naman na gusto lang nilang ipakita yun para makuha yung attention ng mga tao at magbigay ng scenario na related sa kung anong nangyayari ngayon sa cryptosphere.

Para sa akin, isa ito sa magandang nangyari dito sa Pinas na related sa Crypto. Kung hindi ako nagkakamali, sila lang yung bank na pro-crypto dito sa Pinas at maganda yung ipinakita nila ito sa conference na yun. Sana lang eh maging pursigido pa sila na ipalaganap yung tamang kaalaman about BTC para matulungan yung mga kababayan natin na mag-invest dito ng tama.

I think yung ginawang pag mamine sa conference ay isang public stunt or demonstration which means "Unionbank is into crypto", hindi ibig sabihin nun na mag i start din sila mag mine (opinyon ko lang).
May magandang maidudulot? For sure meron dahil ano ba ang unionbank? Isang bangko. Bangko na ayon sa iba ay kalaban ng crypto - kaya may mga topic dito sa bctalk na BitcoinVsBank.

The seventh-largest bank in the Philippines by assets ran Bitcoin miners at a conference this week, signaling bullish sentiment from the local finance industry.

PHILIPPINES BANK ‘EXPLORING HOW BITCOIN WORKS’ THROUGH MINING

Images uploaded to social media from the BusinessWorld Economic Forum 2018 by Satoshi Citadel Industries cofounder Miguel Cuneta show UnionBank CEO Edwin Bautista running four GPU miners at the bank’s booth.

According to Cuneta, who was also present at the conference, UnionBank set up a “small mining rig to experiment and explore how it works.”

“They want to learn more and best way is (through) experience,” he wrote in comments.

Bautista himself delivered a presentation on Bitcoin and Blockchain, during which he told audience members about the mining-focused “Bitcoin experiments” by the bank.

FIRST BLOCKCHAIN, NOW CRYPTO FOR UNIONBANK
Mining Bitcoin marks the latest move in UnionBank’s digital “pivot” it originally announced earlier this year.

Originally targeting Blockchain, Bautista oversaw the development of the Philippines’ first Blockchain-based payment system for businesses called Visa B2B Connect from January onwards.

At the time, the CEO appeared considerably more optimistic about Blockchain than  cryptocurrency itself, suggesting the latter’s reputation negatively influenced perceptions about the technology.

“The blockchain technology is one of those technologies that are predicted to really alter the face of banking,” he told local news outlet ABS CBN.

A lot of people will still associate blockchain with bitcoin, and because of that you have that negative impression of blockchain, but they are two different things. One is just simply riding on the other.

Now, it appears, Bautista’s position has softened, bringing UnionBank beyond the level of participation of the majority of legacy financial institutions, which have stuck rigidly to Blockchain evangelism.

The major exception to date has been Switzerland, where banks have actively offered Bitcoin-based products since 2016 in what has become a highly-supportive environment for cryptocurrency usage.

source: http://bitcoinist.com/philippines-unionbank-mines-bitcoin/

Ano sa tingin nyo ang maidudulot nito sa ating bansa at sa pagpapalaganap ng popularidad ng Bitcoin at Blockchain?

Para sa kin magandang balita ito dahil mismo ang Union bank ay nagmimina so posible na sa darating na panahon pdi na tayong bumili ng BTC o ibang crypto deretso sa Union Bank na mas mura at hindi maxado ang patong kagaya ng sa coins.ph..

Ano sa tingin nyo po? may magandang maidudulot ba to sa ating bansa? o puro batikos nalang ba para sa mga utak ng mga negatibong tao tungkol sa BTC?