Russia, Philippines, Indonesia and India support crypto the most - page 5.

indrakusumaindra

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Quote from: marksandtoday on June 24, 2019, 09:50:55 AM

don't u find it weird? The less eveloped counties support blockchain implementation the most? what is the reason? possibility to earn or to steal?

Link to the article: https://ambcrypto.com/indonesia-russia-philippines-and-india-among-countries-whose-citizens-actively-support-budding-crypto-projects/

well they do support blockchain but they do hate cryptocurrency. For example india, in india it will be hard to convert fiat into crypto and vice versa, the goverments event give a punishment for people that are doing activity that related to cryptocurrency and in indonesia crypto regulations are unclear, which you cant use it for transactions but you do can buy it with your own risk.

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Quote from: marksandtoday on June 24, 2019, 09:50:55 AM

don't u find it weird? The less eveloped counties support blockchain implementation the most? what is the reason? possibility to earn or to steal?

Link to the article: https://ambcrypto.com/indonesia-russia-philippines-and-india-among-countries-whose-citizens-actively-support-budding-crypto-projects/

We can't deny the fact that most of the people from those developing countries our now earning money from crypto and used it as their source of income or their full time job specially those who are knowledgeable by means of trading. Also cryptocurrency is not prohibited from those countries that's why everyone has a freedom to use and earn in crypto without any government regulations to follow.

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Quote from: mk4 on June 24, 2019, 10:48:52 AM

I don't think taking part in airdrops, bounties, and referral programs is necessarily synonymous with "supporting" crypto.. obviously these countries has the most airdrop/bounty activity, simply because most of the countries listed are 3rd world countries.

I second this opinion, bounty participation != support
it's wrong to deduce "a country is supporting blockchain implementation"
just from "the sheer number of its citizens participation in airdrops or bounty programs"

they're in it for financial reason, getting paid in crypto as their main source of income
in fact, bitcoin transaction using bitcoin is prohibited in Indonesia eventhough government doesn't ban bitcoin
and as buwaytress said, we need to differentiate between crypto adoption and blockchain implementation

btc_angela

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Quote from: marksandtoday on June 24, 2019, 09:50:55 AM

don't u find it weird? The less eveloped counties support blockchain implementation the most? what is the reason? possibility to earn or to steal?

Link to the article: https://ambcrypto.com/indonesia-russia-philippines-and-india-among-countries-whose-citizens-actively-support-budding-crypto-projects/

I have my doubts on Russia, I don't know if you have followed their Annoucement since 2017, but it seems they're just riding the popularity of crypto, because they seems to contradicts themselves a lot. As far as those two South East Asian country, they have regulations, but I don't see much adoption, except for Philippines coins.ph which is widely used amongst Filipinos. But if you look closely, there are no merchants or restaurants wherein you can spend your bitcoin in that country.

eaLiTy

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Quote from: mk4 on June 24, 2019, 10:48:52 AM

I don't think taking part in airdrops, bounties, and referral programs is necessarily synonymous with "supporting" crypto.. obviously these countries has the most airdrop/bounty activity, simply because most of the countries listed are 3rd world countries.

That is exactly the truth, participation in bounties does not mean that they are supporting crypto, they are from deprived countries and they are taking advantage of the situation where they can earn more money than their annual salaries from their job than the common individual who earn much less than what they earn through mere bounties sitting at home.

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Quote from: MIner1448 on June 24, 2019, 02:41:18 PM

you correctly wrote "less developed countries" the standard of living in these countries is different and most people want to earn money on cryptocurrency, maybe even live on these funds.

We can't deny that most of the people coming from those countries are considering crypto as the main source of income and their government leaders give the support cause they know that it helps a lot into their people. They don't want to left behind and also to make their life improve. This is a great opportunity why not taking of it?

MIner1448

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you correctly wrote "less developed countries" the standard of living in these countries is different and most people want to earn money on cryptocurrency, maybe even live on these funds.

christian07

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Cryptocurrency brings so much convenience in life like online money that we can use in many good different ways like for investment and more

So i think this will turn really popular in the future like all country will support this then actually this is already popular but some country banned or they not acknowledge this because there's a lot of risk if you going to use this then some of that are not good like we can experience scam,no assurance in future then more

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Quote from: marksandtoday on June 24, 2019, 09:50:55 AM

possibility to earn or to steal?

to answer this question you need to go in these two sections

Announcements (Altcoins)

Tokens (Altcoins)

read for a few minutes and then go to that section: Scam Accusations

see what countries are the creators of these projects and what have been the success and failure of these projects. You will have the answer to your question.

suzanne5223

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It good to see some article wrote about cryptocurrencies adoption and support but the information in the article seems 90% accurate because half of India supports the use of crypto why some part was against crypto because of the different ethnic group they have in India.But, the remaining countries are crypto friendly.

Foxyfell

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What opportunities cryptocurrencies give people are not fully appreciated by the state. While people, especially when they have to work abroad to provide for their family at home, are beginning to use cryptocurrency more. For Russia, this may be particularly specific. Because of the sanctions, some translation services set too much a translation price. And only cryptocurrencies do not limit

zernaloot29

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Quote from: gccigng on June 24, 2019, 11:40:53 AM

Quote from: elinafed on June 24, 2019, 11:12:15 AM

I would not be surprised that there are a large number of cryptocurrency owners in Indonesia, Russia, India and other developing countries. Digital assets are not yet taxed, and are not prohibited, so that users can fear the impact of inflation on their savings. In addition, possession of tokens does not mean their big purchase. Many users get their share of cryptocurrency thanks to bounty campaigns.

Possession of tokens often does not shift to more profitable types of activity like trading. The main stream of people receiving cryptocurrency through the bounty, does it for short-term profit. They do not study trading strategies and are not very passionate about analytics, although investing is not so difficult to learn and the taklimakan platform is useful for improving their knowledge of cryptocurrency and trading.

Cryptocurrencies as a means for microloans and small investments are suitable for many people. And it is a pity that not all countries are so actively implementing services that are able to work with cryptocurrency. After all, it should not be the lot of the chosen people. Digital assets are a new way of saving and additional income, which is especially important when there are no clear guarantees for the economic security of your fiat funds in the country.

gccigng

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Quote from: elinafed on June 24, 2019, 11:12:15 AM

I would not be surprised that there are a large number of cryptocurrency owners in Indonesia, Russia, India and other developing countries. Digital assets are not yet taxed, and are not prohibited, so that users can fear the impact of inflation on their savings. In addition, possession of tokens does not mean their big purchase. Many users get their share of cryptocurrency thanks to bounty campaigns.

Possession of tokens often does not shift to more profitable types of activity like trading. The main stream of people receiving cryptocurrency through the bounty, does it for short-term profit. They do not study trading strategies and are not very passionate about analytics, although investing is not so difficult to learn and the taklimakan platform is useful for improving their knowledge of cryptocurrency and trading.

ityandsyn

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Quote from: marksandtoday on June 24, 2019, 09:50:55 AM

don't u find it weird? The less eveloped counties support blockchain implementation the most? what is the reason? possibility to earn or to steal?

Link to the article: https://ambcrypto.com/indonesia-russia-philippines-and-india-among-countries-whose-citizens-actively-support-budding-crypto-projects/

Philippines was included as potential market for crypto, maybe because there's plenty of gamblers in Philippines and they are using BTC or ETH and beside of that information , there's many bounty hunters in the Philippines which we paid by Erc 20 tokens

ovcijisir

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Quote from: DdmrDdmr on June 24, 2019, 11:10:09 AM

The survey was performed by Even Foundation, and as far as I can interpret, the survey participants are tied to participating in the promotion of their ICO:

Quote

Our audience is participants of airdrop, bounty and referral programs. 436 respondents are an active part of this audience. The country breakdown is the following:

~

So in short the most airdrop participants were form Indonesia, Russia and Pillipines. Headline is misleading and serving as clickbait. What a suprise

"Activly supporting crypto projects" means participating in airdrop - nice to know

bimvo

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Quote from: elinafed on June 24, 2019, 11:12:15 AM

I would not be surprised that there are a large number of cryptocurrency owners in Indonesia, Russia, India and other developing countries. Digital assets are not yet taxed, and are not prohibited, so that users can fear the impact of inflation on their savings. In addition, possession of tokens does not mean their big purchase. Many users get their share of cryptocurrency thanks to bounty campaigns.

When the political and economic situation in the country creates restrictions to improve the financial condition of a person, he looks for ways to achieve this elsewhere. And in this regard, cryptocurrencies look promising, thanks to the protection of the owner’s identity and low transaction costs. Residents in developed countries have a higher standard of living, so they can be investors in large volumes, and not just try to somehow keep their wallet from financial ruin.

BrewMaster

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first of all you should never waste your time reading stuff that these shitty news sites keep publishing, it only misleads you by giving you false information like this case. the article is basically seeing some newbies who have participated in some of the giveaways and ICO scams and based on that he is concluding that the mentioned countries have a higher "support" for cryptocurrency! which makes no sense. not to mention that there is no explanation of how he came up with the numbers either.

elinafed

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I would not be surprised that there are a large number of cryptocurrency owners in Indonesia, Russia, India and other developing countries. Digital assets are not yet taxed, and are not prohibited, so that users can fear the impact of inflation on their savings. In addition, possession of tokens does not mean their big purchase. Many users get their share of cryptocurrency thanks to bounty campaigns.

DdmrDdmr

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There are lies, damned lies and statistics. MTwain

The survey was performed by Even Foundation, and as far as I can interpret, the survey participants are tied to participating in the promotion of their ICO:

Quote

Our audience is participants of airdrop, bounty and referral programs. 436 respondents are an active part of this audience. The country breakdown is the following:

Their target audience is therefore not empirical, and has a biased view of those nationals that participated in the social tasks surrounding their ICO. For multiple reasons, that does not necessarily (and not even likely) render a disperse group of participants, representative of a global trend or distribution. Aside from that, the number of respondents was 436. Again, a low-ed value to derive conclusions.

Even so, the base article references “actively support budding crypto-projects” as the focus of their study, but “supporting crypto the most” is a superset, thus we are taking part for the whole, and concluding wrongly what the survey actually states.

mk4

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Quote from the linked article: "In a shocking revelation, the report suggested that most active participants in the emergence of new crypto-projects (within airdrop, bounty and referral programs) were from Indonesia at 18%, followed by Russia at 16%."

I don't think taking part in airdrops, bounties, and referral programs is necessarily synonymous with "supporting" crypto.. obviously these countries has the most airdrop/bounty activity, simply because most of the countries listed are 3rd world countries.

Topic: Russia, Philippines, Indonesia and India support crypto the most - page 5. (Read 9273 times)