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> 1 Bitcoin equals 12047.03 Malaysian Ringgit, Monster Bull run continue...

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Spectreoutreach
post Jun 6 2017, 02:53 PM

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Genesis mining just restock their sha 65 contract. So hurry if u want freshly mint bitcoin
Spectreoutreach
post Jun 6 2017, 03:14 PM

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QUOTE(xeda @ Jun 6 2017, 03:00 PM)
VPN service? You don't need vpn service. Compared to other investment, yes it's worthless.

Oppressed Venezuelan who have no money would get bitcoin.....how? No money to buy food but he has bitcoin? Lel, stop trolling dude.
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I would like to correct u. The Venezuelan has few way. One those working oversea can exchange foreign currency for bitcoin before remit back to family members account , 2 set up mining rig although getting risk arrested 3. Buy mining contract for those can afford it. They have no option. Their government imposed limit on how much they can withdraw from own account , their supermarket is open for few hour and no guarantee any food or thing to be sold besides too expensive . Those who can buy from black market
Spectreoutreach
post Jun 6 2017, 03:31 PM

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QUOTE(xeda @ Jun 6 2017, 03:21 PM)
I'm not talking about Venezuelan investors - I'm talking about specifically about his stupid example of a hungry Venezuelan.

If a Venezuelan is hungry and has no money, he can use bitcoins to buy food.

Do you not see the stupidity in that sentence? If a Venezuelan is hungry and has no money, how the heck is he supposed to have bitcoin to begin with? And if he is hungry and he has money, why the heck would he change it to bitcoin to buy food?
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I already give out 3 real life example so that argument is invalid. . Do you know how much the cost of food, medicine, phone in Venezuela black market?

This post has been edited by Spectreoutreach: Jun 6 2017, 03:35 PM
Spectreoutreach
post Jun 6 2017, 03:48 PM

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QUOTE(xeda @ Jun 6 2017, 03:40 PM)
Wasn't trying to argue with you as my earlier argument was with the dumbass who suggested that a hungry Venezuelan with no money should use bitcoin to buy food, but since you want an argument, well now, here's a question to you -

Do you actually live in Venezuela? Oh wait....you live in Malaysia. So why would it matter to you - an individual with bitcoin in Malaysia, how bitcoin is being used in Venezuela?

Before you even try to say "it matters because I can sell bitcoins to them and they can use it" - I'm going to say why the fuck would a Venezuelan BUYS bitcoins from you with REAL MONEY (assuming he has REAL MONEY) just so he can spend bitcoin in Venezuela, instead of just using his real money?
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0:00

Venezuelans are losing weight amid food shortages, skyrocketing prices

By Stefano Pozzebon and Patrick Gillespie May 3, 2017: 10:47 AM ET
Mariana Mejias can't afford to buy a bag of rice in Venezuela.
She lives in Mariche, an extremely poor neighborhood in the country's capital, Caracas, which suffers from severe food and medical shortages like the rest of the country.
If the government doesn't provide a subsidized monthly bag of food, Mejias would go hungry. Skyrocketing prices have made food at her local market prohibitive. The monthly food bag, worth 10,000 bolivares ($2.25), includes rice, milk, pasta, beans and a few other items.

A bag of rice at Mejias' local store goes for 8,000 bolivares -- out of reach for her monthly income of 219,000 bolivares or $49 on the unofficial but often used exchange rate calculated by dolartoday.com.
"Things are horrible here, I don't know how people are even surviving," says Mejias, a 62-year-old house cleaner who earns minimum wage plus a government pension.
Related: GM officially leaves Venezuela
Venezuela's socialist government, led by President Nicolas Maduro, raised the minimum wage 60% on Sunday to 200,021 bolivares ($45) a month, including food stamps.
But that won't buy much at the supermarket.
In March, a basket of basic grocery items -- including eggs, milk and fruit -- cost 772,614 bolivares, or close to four times the monthly minimum wage, according to the Venezuela-based Center of Social Analysis and Documentation, or CENDAS in the Spanish acronym.
Food shortages and soaring prices have led to troubling results. Last year, the average Venezuelan living in extreme poverty lost about 19 pounds due to the lack of food. Many of its citizens had to skip meals, according to a national poll.
Related: Venezuela raises minimum wage 60%

The food crisis is worsening as Venezuela dives deeper into chaos. On Monday, Maduro issued a decree that may allow his party to rewrite the country's constitution more to its liking. On Tuesday, Maduro suspended Venezeulans' right to carry firearms as weeks of anti-government protests stretch into the spring.
Amid the political chaos, food price hikes are staggering. A carton of 30 eggs cost 9,600 bolivares in March, up from 1,180 bolivares in March 2015, CENDAS reports.
"Food prices have gone sky high and the minimum wage is not enough for basic needs," says Eugenia Morin, 59, who describes herself as a middle-class housewife. She protested against Maduro on Tuesday.
While the 60% minimum wage hike may sound significant, inflation is expected to rise 720% this year and over 2,000% next year, according to the IMF. One bolivar is worth less than one cent.
Prices for basics are skyrocketing each month. Compared to February, prices in March for milk and cheese rose 33%, meat 19%, fish 17% and fruits 14%. Even mayonnaise cost 11% more.
Related: Venezuela only has $10 billion left

That's only the beginning. For toiletries the increases are even worse. Deodorant prices shot up 93% in March from February; detergent 62%; shaving razors 53%; toilet paper 27%.
Venezuelans either face food and toiletry shortages at supermarkets with empty shelves -- or skyrocketing prices for whatever items are available.
Medical shortages also illustrate the country's humanitarian crisis.
"If you need to have an operation, nowadays, you must bring your own medicines to the hospital," adds Morin, the housewife. "There are no supplies to attend the most basic emergencies."

Related: Cash-strapped Venezuela gave $500k to Trump's inauguration
Food shortages are the result of the government's long running policies. It focused on exporting oil and largely abandoned its abundant farmland. The government started importing the vast majority of food for its citizens.
But even when oil prices were high, that policy was barely sustainable -- food shortages starting popping up when oil was worth over $100 a barrel.
But with oil now hovering around $50 a barrel, Maduro's administration can't afford to import enough food and also pay down its debts to foreign creditors. For now, it's prioritized debt payments over shipping in food.
That end result: rising hunger and no visibility of where the next meal will come from.
One Venezuelan spent hours on Tuesday morning in Caracas waiting for a grocery store to open, hoping to buy food. The 60-year old man, who declined to give his name, wasn't hopeful he'd be able to buy food.
"Nobody knows what's going to arrive or what we could find inside. So we queue almost every day of the week, losing time and working hours to look for food," he said.
May 03
CARACAS

Focus on last paragraph please

Spectreoutreach
post Jun 6 2017, 03:52 PM

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QUOTE(xeda @ Jun 6 2017, 03:43 PM)
Just now you said a hungry Venezuelan with no money, now you're talking about Venezuelan with a mining machine from years ago. Make up your mind. If a Venezuelan has mining machine from years ago means he HAS money and he is not hungry.

And now you're saying they should sell their car and buy/mine bitcoin with the money they get from selling their car and then use bitcoin to buy food? Seriously? Lel.
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Why are you so angry. You didn't answer my questions on how food prices. Etc. You even didn't at lest find out using Google . Yes it's matter to me. I looking at possibility that our country might end up that so I can learn from it. Of course that's those not matter to u anyway
Spectreoutreach
post Jun 6 2017, 05:15 PM

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QUOTE(TheReaderReads @ Jun 6 2017, 04:24 PM)
Oi fellow millionaire

Help ayam here to get rich

how leh?

LUNO need to wait verification

Me planning go genesis mining

start with ETH or BTC first???
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both get a good wallet 1st
Spectreoutreach
post Jun 6 2017, 05:39 PM

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QUOTE(TheReaderReads @ Jun 6 2017, 05:27 PM)
what good wallet u recommend?

WooTz here mention some such as Ledger Nano S, Trezor and Keepkey wallets

what u recommend?
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rclxms.gif that already good choice. i thou u refer to web or app based wallet . you call
Spectreoutreach
post Jun 6 2017, 05:57 PM

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QUOTE(TheReaderReads @ Jun 6 2017, 05:41 PM)
Huh? Those aren't web or app base?

Gotta look them up

Any web or app base wallet to recommend?
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Xapo because of got debit card features and https://in.xapo.com/fees/ it at lest tell u in advance how much they charged u to send out to external address but beware if receive less than BTC 0.00117612 , got fee involved . (1 is standard and 2 is expensive for speedy transaction)
I like xapo walllet at lest u know how much they charged. The rest charge u when u send up to to other wallet (non fixed ) and saddle with very expensive fees

I not sure if u use bitcoin faucet . just make sure they got kawtim with Xapo as main wallet receiver . Those wallet mention earlier are physical wallet and expensive plus more secure .PS don't lose the 12 or 24 letter security code

PS : use Coinomi or Jaxx wallet to store ALT coin
Spectreoutreach
post Jun 6 2017, 06:09 PM

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QUOTE(TheReaderReads @ Jun 6 2017, 06:01 PM)
So Xapo for BTC

Xapo is app n web base

Coinomi n jaxx wallet cannot store BTC or ETH? Web base eh?
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it can store both.its multiwallet altough i prefer coinomi . more choice

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