In the latest effort to continue this expansion, the Prime Shipping Foundation has announced its intention to launch its cryptocurrency for use in the shipping industry. A partnership between financial planning company Quorum Capital Ltd and ship broker Interchart LLC, Prime Shipping Foundation has already made considerable inroads in bringing cryptocurrency into the shipping and food trading industry late last year. In December 2017, Prime Shipping became the first to settle a freight deal in bitcoin, accepting payment in the leading cryptocurrency for the 3,000 tons of wheat that it shipped from Russia to Turkey. I just read this new, and start thinking what is the effect of this to BTC and other crypto's. Heres the whole link: https://btcmanager.com/prime-shipping-foundation-aims-bring-cryptocurrency-shipping-business/While this is good news that would mean crypto currency breaking new barriers and moving new directions, I am not still convinced launching new crypto currency in that regard is what is needed. The claim that the crypto currency needs to be used in the shipping industry is far from being realised because a company cannot decide what currency to be used in the industry that is the function of government and the shipping industry with lots of regulation and a huge source of revenue for the government. I would be more comfortable if the objective is about creating a software based on the blockchain on how its going to be used to achieve efficiency in the shipping industry. Its when that is achieved that crypto currency on that network can then be propagated. |
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You are trying to create a decentralized, censorship resistant, open source form of money, and you build it on top of a closed source operating system which is known for it's ties with three letter agency, hidden exploits, and all sorts of these bad things.
I find it weird that he would develop on windows. As far as I know, his first release was for windows only, and from what I've read, some code analysts claimed that he was a windows guy.
What is your take on this?
My take on this is that, it does not matter whether it was on Windows or iOS or Ubuntu, Android, GUI, GitHub or even go to space to develop because no one is made out of no where you need to rely on the what some other people have done to create something unique. He might be a window guy but he created something Window might not break and I am not sure he even used windows 10.1 that we have today. He further showed that where people are seeing the problem with limited resources, he saw the opportunity to put his own name in the sands of time which might even outlive a lot of us. |
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From your explanation, I can say that what you did is not tax avoidance its just a form of capturing all of your which you have not even done perfectly based on what you have there. Because as a 'director' in your firm, and have worked for 500 hours, you need to bring in the cost of your labour as part of the expenses which should be taken care of because if you are working in another firm, you would sure be paid your wage so the firm is owning you such payment and your accountant if he is savvy should have advised you as such as that would further reduce your net income and more money to you. All you will need to pay would be withholding tax ( if applicable on such payment).
You are also not sure of avoiding tax because avoidance of tax would be reducing your tax liability by studying the tax laws which you are yet to do and that is considering the amount you will pay as tax if you keep beyond one year. All of those expenses you incur would be allowed for deduction from the capital gains as well as any cost you would likely incur to carry out the purchases as they are incidental to such activity. Its when you calculate the effective tax rate of both options that you know which one would make you pay less tax without committing any offence.
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As the thread subject mentioned, I strongly believe the KYC documents requirement from the ICOs will open up a new area of scam to the world, much larger than the ICO itself.
Reason 1:
The basic idea of crypto currency is de-centralization and anonymity. I understand that ICO will have to comply with the regulatory requirements, but isn't it directly challenging the basic idea of crypto currency? If KYC is required for every ICO, then the whole idea of de-centralization and anonymity is gone. The ICO requirement should be the other way around. Means, every ICO should provide a proper KYC documentation to the public so that investors can be assured that they are not dealing with a bot or a child operating from his home computer.
Reason 2: (this is a big threat)
KYC means "Personally Identifiable Information" and it is a very serious level of data. Most of the governments have a very stringent rules against the breach of PII data, especially in USA. The SSN numbers of USA residents are traded in darkweb for $5-$10 each based on the details available. While most of the ICO owners are not identifiable to public (linkedin and FB profile can't be considered as valid here), they can secretly open up a secondary market for PII data, that will provide them an extra layer to their income. Most of the ICOs are not compliant with the infosec policy of many countries. No one is sure, what is going to happen with their data. It leads to a much larger future scam.
Reason 3:
It provides a big opportunity to the ICOs to deny the bounty hunters from their payment even after their promotional efforts. I am not sure we have already encountered some of these, but I am sure it will happen in future. I have seen no ICO bounty thread mentioned anything about the KYC requirement. There is no upfront communication. However, they may come back saying that KYC needs to be done before the bounty rewards can be released. That's complete miscommunication and cheating. If the ICOs can be upfront on their KYC requirement (which they are not), only bounty hunters and investors will join who can fulfill the requirement. The campaign managers needs to be upfront in this matter.
*While I don't know what needs to be done in order to regularize the first two reason, the third reason can be solved via upfront communication. Please share your thoughts.
While I will not directly condemn the use of KYC from ICOs because of the regulatory requirement, the concern is the whole of ICOs asking for it if they are all doing it because of regulatory requirement of if its because they are doing it for their own primary purpose or joining the bandwagon and if they are asking for regulatory purpose, the question to ask is who is then the body doing the regulation? Today, virtually all ICOs coming out today, wants use to join the 'whitelist' even to those developers that don't even know what it means to be on a whitelist which to me is not even relevant because majority are even trying to meet the Soft cap not to talk about the Hard Cap and if they cannot raise the required amount, it then means that the project would likely be abandoned and the question again is what happen to the data collected by those that joined the 'whitelist'? I agree that this will bring about a new wave of scam because information gathered can then be sold to those who wants to use it to spam, generate an email to ensure unsuspecting individuals just click and then becomes vulnerable, specific emails because their target audience mails have been gotten already. |
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I have some questions though, and its quite simple based on the analysis and impressive records that this gambling site has been able to garner in just little time and the amount of potentials you are proud to share with us, why would you want to sell everything, its normal for wanting to sell some of your stakes based on reasons best known to you but selling everything at an amount way below what is required to get in? ( 130btc>4.6btc).
Another is the privileges that comes as a majority stakeholder which you didn't talk about. Being a major stakeholder comes with some benefit such as decision making as to getting reports, payout from profit, amount to be retained, enlisting additional crypto currency, diluting the bankrolling etc. And again, how do the transfer of ownership going to go down? That is very key.
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Most casinos like fortunejack require kyc if you win a huge amount some sportsbook also ask for kyc
Why is this even necessary bitcoin gambling exist so that we can gamble anonymously and not pay any tax on our winnings or hide our identify if we win a huge amount then why do many sites still ask for kyc
Is it even fair?
If there is any place that KYC sounds ridiculous, its from the gambling site to me and I still don't see its usefulness. A lot of people will not gamble in physical location or a kiosk because of the way society views people who engage in such and then prefer to do it online because of the privacy online gives but with KYC from gambling sites it just seems that there is no difference. Again, KYC is purely for those who want to launder money, I deposit big, took big risk then won big, how is that suppose to be a problem? But no matter how we are against it, there is nothing to be done about it because they also have to comply with rules and regulations of the industry they operate. |
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As the title says, it sells Iphone X 64GB space gray, it is sealed, our store is new to the market and we have to have everything reduced to win customers. thank you. Lcation: 9136 Parkway E #15, Birmingham, AL 35206 Iphone X Link: https://rocketr.net/buy/05b115228f07Visited the link provided and I could see that the site is a market place connecting buyers and sellers but what I am curious about is not limited 1. I went through the site Terms of Service and peruse all of the site but I didn't see anywhere that talks about how it works, buyers protection, any form of guarantee, or any escrow service put in place. 2. In your posts, your store is new in the market which means from basic economics, your fixed and variable cost would be high, how are you now able to be able to sell this product at a lower price than it's market value by stores that could even get it cheaper due to the volume they would be getting at once? 3. Coming to the forum means you want to trade and my question is are you ready to trade with the rules of the forum and one that is certain is the use of "ESCROW"? |
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I heard that there are some banks in South America, which give you anonymous debit card in Bitcoin, which you can use in any ATM worldwide and daily limit is guite high. Is this true or false ?
It would have been better if you had ask for more from that your source of information because firstly, there is no absolute anonymous debit card, the issuer of that card would need basic details from you, and that basic detail, would allow restricted amount of money to spend. Another, is several months ago, the major provider of card services which intermediaries then work with to issue such grade which is Visa and MasterCard stop services for people outside the EU region which has by default disqualified people from your region. In furtherance to that, I read that they have completely disable their services to both EU and non-EU region. Even if you manage to lay your hands on one that work, the charges might make it not cost efficient which I would suggest you look for other ways to cash out maybe direct payment to the bank, or via peer-peer sites. |
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Times without number, we only want to give ourselves reasons where none or the right one exist. When the Chinese were about to start the new year, and the price of bitcoin was going down, I remembered that someone was explaining the reason to mean because the Chinese were starting the new year but along the line the price starts to increase and my question is Did the Chinese sneak out to trade in crypto currency in other for the price to increase?
The fact is, whatever happen to price is a cumulation of factors that are even unknown to a lot of us and any obvious festival that happen at that point in time, is purely a coincidence and not anywhere related to the direction of price swings.
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Name:audaciousbeing
Link to previous posts:https://bitcointalk.org/index.php?action=profile;u=901383;sa=showPosts
Telegram: audaciousbeing
ETH Address: 0xA41403D3e655A2Af273A9fD348D4Dfc5bf9e693c
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Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.
The question however is, can blockchain succeed without bitcoin?
Blockchain is a technology that will change how things are done and contrary to the believe that blockchain might not survive without bitcoin, its the other way round as bitcoin survival is reliant on the continued advancement of blockchain and the reason is simple. While a lot of comments and countries have been against bitcoin, which has been about either regulating or banning totally, I have not read any argument against the blockchain technology and even a lot of commendations and continued development in that regard. I have come to conclude that those who are against bitcoin are only joking so far they still believe in the technology behind it and willing to harness it to the fullest which is Blockchain. |
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Every time I needed to trade bitcoin for fiat, I am always very anxious not because things went bad the last time I tried but because every means to get an exchange for your bitcoin to fiat are all mostly reversible and the bitcoin no matter how small cannot be reversed. PayPal of all is the extreme because for even with highest of family and friends, it can still be reversible and its not every time the PayPal account is being hacked sometimes, it's a case of MITM (Man-in-the-Middle).
MITM is a case where even after ensuring all of what OP says the scammers still break those protocols. The scammer would have seen someone who wants to gets bitcoin for his PayPal or Bank transfers then reach out to someone who wants to get PayPal for bitcoin so every questions that needs to be asked will just be relayed to the other guy and everything will check out because the other guy wants to deal legitimately.
So, another thing to watch out for after all of the suggestions by OP, is unnecessary delay in response time and by giving ridiculous reasons as to why that is happening. Its better to be safe than being sorry and wished you had taken more time.
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The title is something I've been wondering about for a while now. I'll take Forkcoin Bitcoin Diamond as an example, and then take Binance and Gate.io as examples. At Binance, Bitcoin Diamond trades around $43. At Gate.io, it trades at $6. Binance doesn't allow deposits and withdrawals, Gate.io allows it. I understand why people would want to sell their Forkcoin at Binance: if they do, they can instantly buy 7 times more back at Gate.io! I can even imagine the exchange owner can buy Bitcoin Diamond at the other exchange, to sell it at his own exchange for a 7 times higher price. What I don't get, is why anybody would buy it at Binance. You can't even withdraw them! It's like you can go to a shoe store, you can buy shoes for 100$, and you can take them home. But instead of doing that, you buy the same shoes for 700$, at a different store, that doesn't allow you to take them home! Why would anyone do that? Is it really just speculation ignoring arbitrage?
No spam
All my threads are now self-moderated to stop signature spam. I will remove all irrelevant posts.Its pure selfishness and this is a further manipulation of price which wouldn't happen in a sane or regulated system and my grouse is with both Binance and Gate.io based on your analogy and I equally smell some amount of collision between the two. For Binance, how do they even determine the price when there is no movement in ways to either deposit or withdraw? Because that is what determine the price of any coin but without this and they are having such high amount as trade value then its price fixing not backed up by demand and supply. For Gate.io, there is also an element of price fixing because on a good day the price of a particular coin on a particular exchange should be relative close to others but with over 700% margin then human factor have been involved beyond demand and supply. For those trading on the two platforms, a lot of people are ruled by the greed that since its a form of free money, let me dump at whatever price couple with 1:10 amount that its being claimed. They are then less bother about the unholy practice in the system. |
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It might be difficult to see now but merit is something that is coming in full force and a lot of improvement have been seen. Today, I tend to dedicate more time to posts that has gotten merit than those that have not but that does not mean its perfect because I have equally seen some that don't worth it such as announcement of a campaign being given merit. I have also seen some posts that deserves merit but none given.
How it works is to increase quality of posts and gradually only some those who can make that would be allowed in campaigns. The challenge is those who will do everything to frustrate it. But with suggestions here and there, the forum can get better and cleaned up eventually.
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A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?
As development in technology continues in the areas of crypto currency, its only safe to say Central Banks will create its own crypto because of two reasons 1. The cost of printing more paper notes will continue to increase and every alternative will want to be harnessed in other to reduce that cost and if crypto would do that after several consultations they would go for it. 2. The teeming youth won't want something else no matter how you tried to cajole them or threaten them otherwise you would then be forced to give them what they want or they go for the decentralized one. Based on the above, the only concern would be the decentralization part which I know would be difficult to give up because that will mean giving up power but they will find a way around it. |
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Of all the large companies that are now large internet players, do anyone particularly scare you in terms of how you data and track could be used? Amazon, Facebook, Twitter, …?
Of all, Google is the most scary. I have never used Amazon, and could avoid using Twitter or Facebook but for Google I don't think there is a way around it. The moment you have a smart phone you are just entangled especially if you're just a basic users and not bothered about staying anonymous on the internet. From the use of Google chrome where sites you visited are used to determine the type of advert you get to see, the apps you downloaded from play store having to grant access to everything on your phone before you can use it, to the synchronisation of all your gadgets. The most of it is the location deactivation which is more like a dummy because even after putting it off, its still active, to the ability of phone speaker to listen in to conversation you think you are having privately. |
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We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
What we need is many but can be tied up to one singular thing in my opinion which is "Security and Responsibility " with that I am sure a lot of things will fall in line. When this is present, I am sure that I can invest in crypto projects and not scared of impending ban that might happen tomorrow since I don't want to be on the other side of the law. When there is responsibility, people who are in the position of trust would value it because they know they will be held responsible for their actions. When we have security, the mass adoption will be a walkover because the basis has be set. Technological breakthrough to make crypto more adaptable and easier with the use of sophisticated equipment will then follow which would even go beyond the lightning network, SegWit, Scaling that we are concerned about at this time. However, I guess we cannot always have what we all want because all of this will come with certain costs which I am not sure the readiness for that cost is at hand. We then have to live with what we have now. |
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Are there any ways to participate?
Many ICOs now have KYC procedures so it is becoming not enough to just use VPN..
Americans are excluded from this party..Are there any roundabout ways?
Any roundabout ways? I don't think its something that would be cheap other than getting someone trustworthy in a country that its allowed and the investment is made on your behalf. Because even if you fake the IDs or you use VPN and you were able to get registered and participate during someone form of clean ups when VPN is no longer active or not strong enough just as you have rightly noted, then the promoters would be right to deny you of any profit that could accrue as a result of such investment because you have clearly violated the Terms of Agreement which you agrees to for participating. Another way round is the long route which is putting pressure on your government to relax the rules concerning the participations of US citizens because that is the only way you can get to be part of it freely and reduce the risk you can control to the barest minimum. |
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Reading this article shows how far the knowledge is spreading and gradually becoming something difficult to tame no matter how the try. Despite the fact that a lot of people joining in those classes might be doing it for their own selfish reason and not necessarily to increase the body of knowledge, its still something that is worth happy about that in the many that are interested maybe few will eventually stay and be genuinely interested. The majority of the schools here are in the United States which shows the amount of flexibility in the curriculum because over here, to alter the curriculum to accommodate for new area of knowledge like crypto, is an herculean task because of the bureaucratic impediments but I wish others academicians can see this as an opportunity to increase knowledge and solve problems. |
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I’m not sure if this is the right section. Mods feel free to move itThe past three years have seen attacks on the Bitcoin more than the rest of the years. [more than 8 attacks] In the past two months, more than one vulnerability discovered. In your opinion, what caused all this? Is the problem in protecting these services "wallets and exchange sites"?Or that the increase in the value of Bitcoin encouraged hacker? Technically: Are the wallets strong enough to protect our bitcoins or we will see more attacks?
See also Top 5 Biggest Bitcoin Hacks EverWill we see more hacks? Of course yes because as we improve and expand so also the people staging the attacks are getting more smarter but all we need is to be more careful. Can we trust wallets to protect our coins, if we don't trust them, I don't see us taking our coins the bank instead or keeping it at home we just have to trust one and be more careful about it. The future when all the wallet providers will be on their toes to ensure that its no longer purely our responsibility to be safe, as they will be held responsible for a major glitch then they will sit up and 80% of the hacks we see will be avoided or prevented. |
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