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1941  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: April 23, 2022, 07:03:12 PM
It's been 2 months since the Russian invasion, despite Ukraine's resistance, war maps show that Putin is actually gaining ground, especially after the fall of Mariupol, and the military advances in the Donbas region, while they are extremely close to Kharkiv. On top of that, Odesa is certainly their next target, since its prime location, which would block Ukraine's access to the sea.

Certainly, Putin didn't win the war within a few days, just like he expected, however, things have taken a turn for the worse, mourning thousands of casualties.
1942  Bitcoin / Bitcoin Discussion / Re: Is there a good way to privately buy Bitcoin? on: April 23, 2022, 02:33:43 PM
I've seen a few atms as well, mostly abroad, which do not ask for KYC, in Poland specifically, those we have in Greece however, do require you, at least that's what I've heard. Anyway, Bisq is a great alternative, it's a decentralised exchange, not a P2P one, I'd prefer the first one honestly.

Two more alternatives would be AgoraDesk and Localcryptos, the latter was recommended to me by another poster here, on a thread I made a few days ago. You could also trade through here, if you find a trusted member.
1943  Economy / Economics / Re: Passive income : Bank interest vs staking on: April 23, 2022, 12:50:42 PM
With APY no more than 10% per year then I think there is no interesting thing about Banks, it's better to invest in Crypto then we use it for staking, although binance gives APY 6% but we hope that a fantastic price increase is more important than the APY staking We get it.
A few weeks ago, I put a decent sum of money on UST-BUSD, it had 30-40% APY back then, now it has fallen to 5-10% and I'll possibly switch to another vault. However, Beefy now has a BUSD vault on Binance Smart Chain, featuring 13.39% (or 0.0319% daily), it was around 35% a few days ago, but it seems to have lowered now.

There are plenty of other options as well, if you check other networks too.
1944  Economy / Economics / Re: Passive income : Bank interest vs staking on: April 23, 2022, 09:21:52 AM
I have money allocated both in staking and in bank deposit, I'm not using the latter to take advantage of the interest, it's no use. Funds are certainly assured in a bank, however, if you're careful enough, staking stablecoins  is just as safe, while achieving a far greater yield, 10-20% in the worst case scenario. Deposits on the other hand, will yield less than 1-2% on a yearly basis. The reason I'm using them is solely for convenience and to receive salary.
1945  Bitcoin / Bitcoin Discussion / Re: Blockchain.com Wallet KYC on: April 22, 2022, 08:20:30 PM
I'd appreciate if someone could answer if they also offered it in the past, since I've only used their wallet.
Click here to see the oldest version of their exchange page I could find. It has been taken on December 21, 2019.

Edit:
They launched their exchange in July 2019. Click here to see the reference.
Great job, I never remembered providing such a service, the past few months I've been bombarded by emails. I don't see any reason to use their services anymore, they've completely changed their business plan. On top of that, I don't like their trading fee policy, the maker (the person who places the order) is charged 0.20% and the taker (the one who accepts your order), is charged 0.40%. Most exchanges, such as Binance don't charge that much, while their interface isn't the best I've seen (compared to those I've used, Binanxey, Bitstamp and Kraken).
1946  Bitcoin / Bitcoin Discussion / Re: Blockchain.com Wallet KYC on: April 22, 2022, 06:52:10 PM
how can someone block your wallet if you actually have your keys, can't you import them into Electrum for instance?
Yes, You can import your seed phrase into any other wallet supporting BIP39 seed phrase and access your fund.
I have read many reports regarding blocking accounts on blockchain.com. But they all are related to their trading account and they have nothing to do with blockchain.com wallet.
I see, I wouldn't use their trading platform either, there are much better options, safer, more established and trusted ones. There are so many exchanges nowadays, that I can't find a single reason to use their service, to be honest, I didn't even know that they operated as an exchange. I'd appreciate if someone could answer if they also offered it in the past, since I've only used their wallet.
1947  Bitcoin / Bitcoin Discussion / Re: When and how did you discover Bitcoin? on: April 22, 2022, 05:05:49 PM
A lot of people mention PTC sites, and various of scams that had popped up during that era. I'd also like to add, possibly one of the first experiences with cryptocurrencies, a cloud mining Ponzi, named Coinintellect, if I'm not mistaken. It supposedly a free plan, but required you to upgrade after one or two payouts.

I actually received both payments, the second one was almost lost, because they went bankrupt, so instead of BTC or PayPal payment, they paid via Dogecoin. The payout was valued a mere $5 payment, which back then, was 30.000 Doge. Stupid me sold them, I'd have a decent amount of money if I hadn't.
1948  Bitcoin / Bitcoin Discussion / Re: Blockchain.com Wallet KYC on: April 22, 2022, 04:11:02 PM
I suggest you read the reviews on this page. People there are discussing the topic of verification on the blockchain.com site.
That's interesting, I never faced any issues with Blockchain.com, but that belongs to the past, since a lot of things have changed since then. Although, we can't be 100% sure about the legitimacy of these reviews, let me elaborate. Blockchain.com does provide you with your private keys and the seed phrase, at least they used in the past, how can someone block your wallet if you actually have your keys, can't you import them into Electrum for instance?
1949  Other / Politics & Society / Re: Quarantine measures in China, Shanghai on: April 21, 2022, 08:04:05 PM

What are your thoughts regarding this matter?

Well, not sure if a 0 case policy is something that can be maintained at all, lockdown or not. The bigger issue is it's causing issues in the Chinese economic system as well as social structure. People have been locked in their homes, distributed little amounts of food, and children being taken from their families (because they are infected) and taken to lengthy hospital stays. Some of those things are changing, but this is a completely ridiculous, however, expected behavior by the Chinese government. The common people are struggling since the pandemic started and this seems to be the last nail in some of their caskets.
Well, it did work up until the Delta variant, China had very few cases till the Omicron variant appeared. It was kind of expected, since after so many mutations, the virus becomes more contagious, but less deadly at the same time, thus, it was bound to happen sooner or later. I don't get all this fuss about China's government policy of zero cases, eventually, we'll have to live with the virus, it's not that big of a deal.
1950  Other / Politics & Society / Re: Quarantine measures in China, Shanghai on: April 20, 2022, 11:03:06 PM
When the pandemic started, China wasn't that paranoid about new infections, what changed now?

They locked down Wuhan early on. Foreign travel was severely restricted. I don't think anything really changed, they always had the intent to contain it completely.

New mutation or not, it's not sensible to have such strict measures, when the rest of the Western world is easing measures.

I can't argue that it's sensible - most of the actions of the Chinese government don't make sense to me, and starving their citizens is definitely one of those things.

But the immunity levels are most likely very different between China and the West where almost everyone had some strain of COVID.
Certainly, they did have strict policies since the beginning, but I don't recall seeing such action taken against their citizens. They've literally locked them up, with no access to anywhere, while the government is distributing food that to me, doesn't look enough for a household.
In early 2020, Chinese citizens were locked inside their apartments, and people starved to death. The "lockdowns" employed by the West was something exported from China. Prior to covid, "lockdowns" were not considered to be something health officials considered to prevent the spread of contagious viruses.
Quote
Certainly, they didn't have as many infections as Europe and USA, but it looks incredibly cruel to see such practices.
China did not report having as many infections as Western countries did. The Chinese government also lies. I draw different conclusions than you.
China was the first country to come up with lockdown measures, however, I don't recall them being so harsh. This situation has gone out of control, the measures weren't so absurdly strict, they're dragging people out of their homes and euthanizing pets, that's ridiculous.

Certainly, it was the first country to lie about Covid-19, if it wasn't for their cover-up during the early stages of the pandemic, we would have avoided many deaths in Italy and other European countries, who were severely affected.
1951  Bitcoin / Bitcoin Discussion / Re: Blockchain.com Wallet KYC on: April 17, 2022, 09:12:44 PM
I used to keep my money in the Blockchain wallet, and I was okay with it. I had my pass phrase, password, 2FA. Then there was a time when I wanted to access my wallet, but the code from Blockchain just didn't arrive to my phone, and the email confirmation didn't arrive either. It was a technical issue, of course, and everything arrived the next day, but that's when I decided to move to Electrum, at least. I'm glad I did that, given how Blockchain is starting to involve KYC, reporting taxes and stuff. But as for the safety of storing money on Blockchain, I do believe they don't have access to passphrases and that technically the coins do belong to customers. Still, though, why risk it if there are good alternatives.
If I'm not mistaken, as you've also mentioned, Blockchain.com does provide you with your seed phrase and private key. Although, I've also faced similar issues with what you've claimed. Not on the same platform, it was BitGo, was my fault though and not the service's.

I had lost access to my 2FA device, resetting it requires 48 hours, for security purposes of course. As a result, I lost a great trading opportunity, and that's one of the reasons I turned to Electrum, even though it was purely my fault.
1952  Other / Politics & Society / Re: Quarantine measures in China, Shanghai on: April 17, 2022, 06:48:12 PM
When the pandemic started, China wasn't that paranoid about new infections, what changed now?

They locked down Wuhan early on. Foreign travel was severely restricted. I don't think anything really changed, they always had the intent to contain it completely.

New mutation or not, it's not sensible to have such strict measures, when the rest of the Western world is easing measures.

I can't argue that it's sensible - most of the actions of the Chinese government don't make sense to me, and starving their citizens is definitely one of those things.

But the immunity levels are most likely very different between China and the West where almost everyone had some strain of COVID.
Certainly, they did have strict policies since the beginning, but I don't recall seeing such action taken against their citizens. They've literally locked them up, with no access to anywhere, while the government is distributing food that to me, doesn't look enough for a household.

Certainly, they didn't have as many infections as Europe and USA, but it looks incredibly cruel to see such practices.
Well countries surrounding China should be happy they are adopting the zero  tolerance because if not, covid of any variant could spread once again. The Chinese are confident that way though, they are more cooperative to their government than trying to impress their neighbors that they can fight back the police or so. It may look like concentration camp but its for the best. People just have to follow what authorities are doing for it to be over.
Countries surrounding China will be happy for the Chinese government adopting zero-tolerance cause no one wants the previous spread of the virus that happened in Wuhan to repeat again but there's always a way to do something which all the country's citizens will obey the government order rather than locking people inside their homes and forcing them to take a daily test.
A new mutation could possibly be more transmitting, but it certainly won't be as deadly, no point in taking such measures. If this situation continues, we'll face serious logistic and supply chain issues. There aren't any advantages with this policy.
1953  Bitcoin / Bitcoin Discussion / Re: Blockchain.com Wallet KYC on: April 17, 2022, 04:01:06 PM
I remember LocalBitcoins, a site I had accessed a few years ago, but asked for identification in order to trade. The services you've mentioned are not that well-known here, and not as direct as exchanges. Bisq on the other hand, is similar to DeFi exchanges, which certainly come in handy and could be used as an alternative indeed.

Most of my funds are in BSC, via the metamask wallet, thus, I certainly get your point, nor am I planning to move them anytime soon. However, when withdrawing to fiat, the most convenient is exchanges, and probably the most direct.
Bisq just still remains the most decentralized exchange, just that alerts can be managed on mobile app but the trades is through using personal computer using open-source software. This may not be convenient and the trading volume may not be as high as on centralized exchanges, but people that wants privacy still prefer it to centralized exchanges that demand for KYC.

Alternatively, you can still try Hodlhodl or Localcryptos. Localcryptos still have considerable high liquidity, try it before complaining that using centralized exchanges are more direct. There is nothing more direct than to send or receive bitcoin directly on an address generated by your noncustododial wallet rather than using centralized exchanges which you do not have the keys, you will still need to transfer the coins to noncustodial wallet to have full control over the coins.

Decentralized exchanges like Bisq is not the same as those altcoin exchanges that are altcoin based because you can not exchange to fiat on the altcoin based exchanges.
I'm not implying that there aren't any decentralised services that could potentially substitute for exchange usage, but it's all I've used for the past years. I'm not underestimating the platforms you're mentioning, nor the need for decentralisation, personally, I'm storing my funds on Metamask, instead of an exchange or a custodial wallet.

My opinion is simply stands that our actions are easily monitored, unless you're avoiding Google, Facebook and banking services, your data is out there, providing your details on an exchange isn't something new, nor unusual.
1954  Bitcoin / Bitcoin Discussion / Re: Blockchain.com Wallet KYC on: April 17, 2022, 02:21:11 PM
Are you sure that you receive the emails from blockchain.com and they are not phishing emails?
I also have a wallet on blockchain.com. But I never receive email from them.

I also receive such emails on a daily basis, and I am pretty sure they come from a legitimate domain given their content. The reason why you do not receive them may be because you did not check this option in the blockchain account settings, or at some point, you unsubscribe from such e-mails.





I'm starting to believe that even wallet providers and exchanges are shifting towards a centralization of cryptocurrencies, debunking previous theories about anonymity of funds and personal freedom.
What are your thoughts about this? Do you think more and more services will adopt similar techniques?

I was never in the belief that cryptocurrencies were anonymous, and I’m surprised people are still thinking in that direction. Anonymity and privacy are not something that can be achieved nowadays without much effort and hassle, and if you want to hide from some powerful people because you did something bad, then the only way is to completely disappear from the grid.

Big Brother has bigger eyes than he had before, computers, smartphones, and TVs are constantly spying on us, and surveillance cameras and hundreds of satellites and drones overhead record our every move. It may just seem that way to me, but KYC on some crypto exchanges could be our least concern in the time to come.

Now that you've said that, I receive newsletter emails from them on a daily basis, they've certainly changed how they used to function, a few years ago, they were nothing but a simple online wallet, you couldn't even recover your account if you lost the walletID.

Our data is being monitored on a daily basis, in a variety of ways, one of the most major ones, our mobile phones. Providing identification on an online exchange is only the tip of the iceberg, it's not like they're using them for marketing purposes. If I'm not mistaken (correct me if I'm wrong), exchanges only have to provide such information if requested by law enforcement, such as tax services, I might be wrong though.
1955  Bitcoin / Bitcoin Discussion / Re: Blockchain.com Wallet KYC on: April 17, 2022, 12:59:30 PM
Aren't you using exchanges, such as Binance or Bitstamp?
Nope. Bisq and LocalCryptos instead. Wink

All exchanges now ask for identity verification, whether we like it or not, we'll have to face it.
All centralized exchanges.

I highly doubt that it's feasible to avoid such identification for long.
I've been avoiding it for years, and I plan to continue doing so.

I don't have much to hide, nor am I hiding huge amounts of Bitcoin that I'd rather not declare, it's an inevitable process.
I also have nothing to hide - doesn't mean I want centralized exchanges and the huge number of third parties and governments they share data with spying on every satoshi I spend.
I remember LocalBitcoins, a site I had accessed a few years ago, but asked for identification in order to trade. The services you've mentioned are not that well-known here, and not as direct as exchanges. Bisq on the other hand, is similar to DeFi exchanges, which certainly come in handy and could be used as an alternative indeed.

Most of my funds are in BSC, via the metamask wallet, thus, I certainly get your point, nor am I planning to move them anytime soon. However, when withdrawing to fiat, the most convenient is exchanges, and probably the most direct.
1956  Bitcoin / Bitcoin Discussion / Re: Blockchain.com Wallet KYC on: April 17, 2022, 11:01:06 AM
Okay, for anyone who might be interested, I did actually fill up my details, in an attempt to receive the bonus they were offering. After approximately 2 weeks, the $5 bonus was credited into my account. Was it worth it? Meh, if you're planning to use the service, I don't see why not. They didn't ask for too many details, all the exchanges I'm using already have them, so it's not that big of a deal.
They did not ask for to much details? I do not think you are right. Was identity not asked for? What could be more detailed than that. You gave out your identity just for $5, that is surprising though when your data is worth more than that but most people do not know that. Although, you have indicated already that you have the data on exchanges before. But there is nothing bad to let people that are novice about how KYC is extremely dangerous to let them know the negative aspect of giving centralized service providers KYC.
Aren't you using exchanges, such as Binance or Bitstamp? All exchanges now ask for identity verification, whether we like it or not, we'll have to face it. I highly doubt that it's feasible to avoid such identification for long. All major exchanges ask for it, unless you're up to decentralised finance and use exchanges such as Pancakeswap.

I don't have much to hide, nor am I hiding huge amounts of Bitcoin that I'd rather not declare, it's an inevitable process.
1957  Other / Politics & Society / Re: Quarantine measures in China, Shanghai on: April 17, 2022, 09:35:21 AM
IIRC Chinese vaccine wasn't very effective but they were able to contain early infections so the "survivors" immunity isn't widespread either. In these conditions the consequences of a COVID wave could be quite severe, depending on which strain they're getting. Like the first wave e.g. in Italy.

I think they're fucked either way, lockdown or no lockdown. But the rationale for the lockdown could be to avoid overwhelming the hospitals. Implemented in a typical for China totalitarian fashion. I've seen reports they're exterminating pets.
Vaccines aren't supposed to prevent inflections, still, their effectiveness could be worse than the ones we have in Europe and US, but still doesn't make sense. When the pandemic started, China wasn't that paranoid about new infections, what changed now?

This situation will have serious effects in the supply chain, we were f*cked with Covid the past two years, the war hasn't stopped, and now China is implementing policies like these.

New mutation or not, it's not sensible to have such strict measures, when the rest of the Western world is easing measures.
1958  Other / Politics & Society / Re: Russia moving equpment near by finland on: April 17, 2022, 07:04:32 AM
But yes finland will be ocvupied asap i guess in few days

Like the last time when Russians tried to conquer Finland. They sent 20 thousand men to Finland who had only 4k, which makes it 5 Russians for every Finnish soldier. The results? Russians lost 3000 vs only 274 dead and 445 injured on the Finnish side. Nowadays with the modern equipment that Finland has (over 100 Leopard 2 tanks and almost 25 thousand men), they are capable of defending themselves against the rusty Soviet-made crap that Russians are sending to battle.
That's not the point though, is it? As you've mentioned yourself, the technology has vastly improved, which would lead to a greater number of casualties. Putin is recruiting soldiers as young as 18-20 years old, nobody deserves such fate, irregardless of what side you're on.

The point is to avoid evolving the war into a larger scale one, because soon enough, it would expand throughout the whole Europe, with huge casualties. Someone needs to pull Putin's plug.
1959  Bitcoin / Bitcoin Discussion / Re: Blockchain.com Wallet KYC on: April 16, 2022, 11:58:50 PM
Okay, for anyone who might be interested, I did actually fill up my details, in an attempt to receive the bonus they were offering. After approximately 2 weeks, the $5 bonus was credited into my account. Was it worth it? Meh, if you're planning to use the service, I don't see why not. They didn't ask for too many details, all the exchanges I'm using already have them, so it's not that big of a deal.
1960  Other / Politics & Society / Quarantine measures in China, Shanghai on: April 16, 2022, 11:09:17 PM
Hello there,
Didn't see any topics referring to this matter, have you seen what's happening in China? The government has locked people inside their homes, forcing them to have daily testing, police is separating them into quarantine camps (more like concentration camps) if test comes out positive or if experiencing symptoms, even mild. It's astonishing, that all countries are easing measures, since it's yet to be proven whether lockdowns were actually effective, China on the other hand is adopting zero case policies.

This type of lockdown didn't even occur at the start of the pandemic, where the virus was way more deadlier than it is now, after going through numerous mutations, without having medication and vaccines, which enable us to have very limited casualties, compared to 2 years ago.

Not only is it saddening, but also suspicious, is China hiding something else, or is it just being paranoid, imposing tyranny over its citizens? Let me also point out that China has a history of lying to organizations such as WHO about the severity of such infectious diseases (same thing happened with both Covid and SARS).

What are your thoughts regarding this matter?
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