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241  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Atomic Swaps or Decentralized Exchanges? on: March 09, 2021, 11:28:03 PM
I'm probably guessing that the Binance "DEX"[1] is the biggest? But yea, they're mostly more of non-custodial than "decentralized", because they're definitely not decentralized. "DEX" is unfortunately more of a marketing term. No KYC as far as I know though.

Following up next down the list, I'm pretty sure Uniswap[2] is the second biggest. Obviously, no BTC because everything will be ERC20 tokens, and take note that the gas fees on ETH are tremendous.


[1] https://binance.org/
[2] https://uniswap.org/

Sorry for the newbie question but I cant seem to see Binance Dex in the list below:
https://www.coingecko.com/en/dex

Can I trade erc20 tokens on the Binance chain to save on fees? Is there like a emulation or hybrid or virtual machine service for eth erc20 token on binance smart chain to save on gas fees or the only way in the future is Eth tokens/erc20 projects convert their coins/projects to native binance smart chain tokens if somehow Eth 2.0 launch is screwed up or delayed?

Wrapped bitcoin is erc20 bitcoin right?


If you are interested in bitcoins on the Ethereum network, then study my 2 topics

Decentralized Tokenized BTC
https://bitcointalk.org/index.php?topic=5290331

Decentralized bitcoin trading
https://bitcointalk.org/index.php?topic=5290331

You carry out any interactions with the binance blockchain through this bridge.
https://www.binance.org/en/bridge
For me personally, Binance Chain is the same Binance, only without the KYC.
There are big problems with decentralization, but in terms of speed and commissions, it is better than Ethereum.

Lets say for example bitcoin hits 100k and I have 1 whole bitcoin to sell in a decentralize way.

How much would the gas fee be when I tokenize convert that 100k bitcoin, will the gas fee be high like 10k or something?

After tokenized conversion or wrapping up that 1 btc, then I have to pay gas fees again on the decentralize exchange if I sell it for stable coins? So how much much approx I will lose in fees when selling a 100k btc in a time when Eth network is busy?

Is there a video guide on how to do this on the BSC for cheap fees? Has there been known cases of BSC freezing your crypto because you say BSC is same as normal centralized Binance except KYC meaning BSC is not really decentralized right?

Lastly how does your way compared to Bisq, is it better, more liquidity and cheaper?

Is there a tokenized BSC bitcoin?



Another newbie question I have is can the fees on BSC become high like Eth gas fees now when Bsc network becomes congested like Eth now?

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242  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Atomic Swaps or Decentralized Exchanges? on: March 09, 2021, 05:46:51 PM
Do both of these services have to comply with tax regulations and KYC? If not then can governments ban them or shut them down?
Right now none of them have any KYC but that doesn't mean it can't change. Most of "decentralized" exchanges (including those using Atomic Swaps) aren't completely decentralized. There are traces of centralization in their design. For instance when you are connecting to a "server" or when you have to pay a "trading fee" to some centralized authority these are a good indications of centralization. And when there is centralization, the government has a way of putting pressure on that centralized authority and force them into doing what is demanded of them. It could be KYC or any other invasion of privacy all the way to shutting them down.

The day when DEX's introduce KYC will be the day when they dig their own graves as KYC defeats the purpose of DEX's.

When you say centralised points in the network like connect to server or paying fees to a 3rd party or middle man or miner then can these points freeze your crypto or confiscate it? Has there been known cases of this before?

Everybody knows Switzerland is a privacy friendly and tax friendly country.

Shall I assume all these DEX's are based in such friendly countries so friendly governments cant put pressure on them?
243  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Atomic Swaps or Decentralized Exchanges? on: March 09, 2021, 05:13:34 PM
Which atomic swap service is the best out there that allows you to sell your popular common crypto's for dai?
You can check the link below for first fifty decentralized exchanges, you can click on each to see the coins with the highest trading  volume, coin pairs, volume, price and volume percentage. PancakeSwap3 will be good for Dai swapping, but for bitcoin exchange, Bsiq will be the best as most of these exchanges are not supporting bitcoin.

Most of these exchanges are ethereum based, if you want the ones that are general, you can use Changelly (but some cases in the based in a way they demand for kyc), or CoinSwitch.

https://coinmarketcap.com/rankings/exchanges/dex/

Are decentralized exchanges same as atomic swaps?
Decentralized exchanges are the platforms. Atomic swap is the service decentralized exchanges are offering. Atomic swap is a smart contract that fulfills trades between two people without the need for any third party. Athough, the definition is not totally fulfilled by the exchanges that are providing such services but the true ones do make sure they are completely decentralized without requesting for KYC.

Do both of these services have to comply with tax regulations and KYC? If not then can governments ban them or shut them down?
This can be the fear that government may ban such services, but this has been impossible as they even seen significantly growth in 2020. They have nothing to do with tax as they are Decentralized.

Which is the best decentralized exchange out there?
Using the link above to check will be good. For bitcoin users, Bsiq will be preferred. For ethereum and its tokens, Uniswap, PancakeSwap and some others will be preferable. For Binance coin, Binance Dex and BurgerSwap will be preferred. For exchanging from one big coins to another like bitcoin, ethereum, tether, Dai, litec and many such coins, Changelly and CoinSwitch will be preferred.

Okay these DEX's are either using Ethereum chain or Binance Smart Chain correct? Binance chain will have the cheapest trading fees until Eth 2.0 comes out right?

Bisq is the only DEX available for selling bitcoin? Can you sell Btc for Dai on Bisq and does Bisq have good volume/liquidity? Is Localbitcoins.com decentralized like Bisq?

Do both Changelly & CoinSwitch both use KYC? I don't understand how can you comply with their KYC requirements if they freeze your coins when you haven't registered with them to begin with before using their services? How you comply with their KYC requirements when they don't even know your email address to notify you of them freezing your coins  Huh

I see Mdex is no.1 ranked DEX, are they any good?

Binance Chain Dex has cheap fees, can you trade Eth tokens or Btc on there?

What is wrapped Btc and this is only used for Dex's?



I'm probably guessing that the Binance "DEX"[1] is the biggest? But yea, they're mostly more of non-custodial than "decentralized", because they're definitely not decentralized. "DEX" is unfortunately more of a marketing term. No KYC as far as I know though.

Following up next down the list, I'm pretty sure Uniswap[2] is the second biggest. Obviously, no BTC because everything will be ERC20 tokens, and take note that the gas fees on ETH are tremendous.


[1] https://binance.org/
[2] https://uniswap.org/

Sorry for the newbie question but I cant seem to see Binance Dex in the list below:
https://www.coingecko.com/en/dex

Can I trade erc20 tokens on the Binance chain to save on fees? Is there like a emulation or hybrid or virtual machine service for eth erc20 token on binance smart chain to save on gas fees or the only way in the future is Eth tokens/erc20 projects convert their coins/projects to native binance smart chain tokens if somehow Eth 2.0 launch is screwed up or delayed?

Wrapped bitcoin is erc20 bitcoin right?

Lastly what's the difference between 'non-custodial' service & decentralized exchange?





There are a list of exchanges here https://www.coingecko.com/en/coins/dai#markets

Anyway, if you don't care about the high transaction fee(due to network congestion) you can try Uniswap or Sushiswap. Those exchanges are decentralized without KYC and I think they won't comply with the tax and they have the same charge fee of 0.3% trading fee.
Smart contracts on those Uniswap, Sushiswap, any swaps combine with the high transaction gas price on the ERC-20 chain will charge users very expensive transaction fees.

Not all tokens have their smart contracts are built on Binance Smart Chain and have plans to make a hybrid contracts for ERC-20 chain and BSC chain. I would like to use centralized exchanges to trade tokens. Swap is a trend from DeFi and people don't realize that they lost many transaction fees from swaps.

If people want to use swaps, they can consider to choose BSC chain and tokens that support that chain in order to save fees. ERC-20 chain is not good at this time and we have to wait for good upgrades from ETH 2.0.

Huobi exchange creates their HECO chain but this chain needs more time to attract developers and users.
https://www.hecochain.com/en-us/

Which coins are on the BSC chain or support it?

Eth 2.0 is two to three years away  Shocked, during this long wait BSC can flip Eth for no.2 market rank and Eth and all erc20 tokens can die off if this happens.


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244  Alternate cryptocurrencies / Service Discussion (Altcoins) / Atomic Swaps or Decentralized Exchanges? on: March 08, 2021, 11:23:26 PM
Which atomic swap service is the best out there that allows you to sell your popular common crypto's for dai?

Are decentralized exchanges same as atomic swaps?

Do both of these services have to comply with tax regulations and KYC? If not then can governments ban them or shut them down?

Which is the best decentralized exchange out there?
245  Alternate cryptocurrencies / Altcoin Discussion / Re: Volatile Gwei Gas Fees help! on: March 08, 2021, 02:48:55 PM
Okay which days and times of the week where its the least congestion?

Crypto is 24/7 market however it doesn't mean its congested 24/7 right?



Anyone know which usual days/times of the week where the Ethereum network is the least busiest?



So Fees should be much cheaper from tomorrow because of that new Ethereum EIP 1559 update?

How do crypto users take advantage of these cheap fees from tomorrow?



Bump any advice?



Warning! Error encountered during contract execution [Out of gas]

I raised the gas limit from default 100,000 to 150,000 but I still get above error message. I used slow Gwei. Please help  Sad



Hi,

Coming back here if a transaction has failed do you still have to pay Gas fees even though you chose the default speed fee option or even a faster speed fee paid for service?

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246  Alternate cryptocurrencies / Altcoin Discussion / Re: Volatile Gwei Gas Fees help! on: March 06, 2021, 10:24:43 PM
So Ethereum 2.0 will fix this volatile gas fee issue?
To solve this transaction fee problem, I think it has nothing to do with ethereum 2.0
Moreover, there is already a discussion regarding the transaction fees that ethereum developers will complete by the middle of this year. we just try to wait.
When will Ethereum 2.0 be released officially?
if I'm not mistaken it will be finished in 2023 in the future. This is related to supply as well as how ETH is mining in the future. (Please correct if the information I received is wrong)
Finally will people wait for Eth 2.0 or will move to other smart contract platforms like Binance Smart Coin or whatever it is that is cheaper?
I think the move from using the ethereum blockchain to binance has occurred in several projects.
BSC adoption is now increasing for several new projects as well for those migrating from ethereum to binance.

Wont Binance BSC get congested too like Eth with expensive fees when lots of people start migrating there?



Fees are moving too and its really volatile on ETH platform and no one can help you with this one since this is our common problem. If you used a lower fees then expect a big delay on your transactions, since you already confirm it all you have to do is to wait for confirmations, better to use a higher gas if you badly needed the money,

That's the only option for now to get ahead with the game. If you want to get money on time or earlier, you need to use higher gas fees just like in btc tx, higher sat/byte. Of course, the gas fees change from one time to another, and you have no control on that. What the OP can do, is just wait for it to be confirmed and next time use higher gas fees from what is the recommended gwei at that time. Right now, you have very little option as the eth network is really a pain these days.

In such cases, when I need to transfer coins from my wallet to the exchange, I do it on weekends, when the commission fee is reduced due to a decrease in network congestion. In addition to the transfer on such days, it turns out to be less expensive to conduct operations on decentralized exchanges and you can spend 50% less than on working days.

Okay what's the best days and times of the week for cheap fees?

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247  Alternate cryptocurrencies / Altcoin Discussion / Algorithmic Stablecoins? on: March 06, 2021, 05:42:50 PM
What it means that a stablecoin is Algorithmic?

Does it mean that it has to be centralized to begin with to be remotely programmed by a employee at the centralized office that programs it with new algorithms? This is called programmable money right?

For example if a centralized entity programs their algorithmic stablecoin to ban purchase of bitcoin with it hence when the holder of this algorithmic coin tries to buy btc with it then the holder will automatically get not allowed red error message on screen?

Is it possible to have decentralized algorithmic stablecoins?

Will algorithmic stablecoins take over normal stablecoins like USDT, USDC, BUSD, DAi and if so why?


Can we say CBDC's Central Bank Digital Currencies is similar to Algorithmic stablecoins because it is programmable money unlike cash or e-cash such as paypal for example where they cant program the cash with algorithmic rules, such as for example a algorithm that restricts the user to buy stuff at certain times of the day for example program the money to automatically ban buying beer from a store late at night to avoid drunk driving or whatever?

So basically with programmable money the user is not in control of the money they earnt but the issuer is?

248  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Stablecoin is the most Trustworthy? on: March 06, 2021, 04:49:25 PM
Can centralized stable coins like USDT be frozen in a wallet remotely from USDT corp office themselves?
Can USDC, BUSD, GUSD be frozen like USDT?
Can Dai be frozen in a wallet?

Those are questions I also bother about as I like and use USDT every time. Though I think, that USDT as well as any other crypto can't be frozen in all thousand hundreds of trader’s wallets but it can be removed from crypto exchange markets, so no one will have an opportunity to continue trading USDT.


I heard before that USDT office has frozen USDT tokens in wallet remotely.



Okay if USDT Tether collapses under its scandal then can it bring down USDC and Dai coins too?

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249  Alternate cryptocurrencies / Altcoin Discussion / Re: Volatile Gwei Gas Fees help! on: March 06, 2021, 04:46:50 PM
So Ethereum 2.0 will fix this volatile gas fee issue?

When will Ethereum 2.0 be released officially?

Finally will people wait for Eth 2.0 or will move to other smart contract platforms like Binance Smart Coin or whatever it is that is cheaper?
250  Alternate cryptocurrencies / Altcoin Discussion / Re: Volatile Gwei Gas Fees help! on: March 05, 2021, 03:51:40 PM
Can my transaction be stuck or denied if I set a gas fee that becomes too low now?

When will this gas price issue be fixed? I must have spent up to $100 a week on gas fees  Angry I thought blockchain suppose to be more efficient and cheaper than the banks. What's going on? I'm spending more on gas fees than actual filling up my car with gas!

High gas fees encourage people to leave their coins on exchanges to save on withdrawal fees, this is a risk.

Is it possible to lose my coins if I set a fee that is too low causing my coins to be stuck in limbo forever somewhere in the blockchain  Shocked ?



251  Alternate cryptocurrencies / Altcoin Discussion / Volatile Gwei Gas Fees help! on: March 05, 2021, 01:10:34 AM
Its like every 10 secs the fees are so volatile according to:

https://ethgasstation.info/index.php?curr=gbp

I sent coins to exchange at 'standard less than 5 mins' fee at 105 Gwei which was recommended at the time on the site above. After like 20 secs later I refreshed that site and now the same fee has gone up to 132 gwei  Shocked

Now I see on the Etherscan global transaction explorer that it will take 11hrs still Pending status for confirmation wth  Angry

When I choose gwei when sending, ok after that I take a few mins to double check deposit address to make sure you know what I mean before I click on the final submit send coins button. During those few mins the gwei fee can change right meaning the recommended fee shown at the site above can now be outdated and too slow now correct if gwei fees gone up during that time meaning instead of 5mins I gotta wait 11hrs now?

252  Economy / Exchanges / Re: Omg Help Exchange threatened to get me Rekt! on: March 02, 2021, 07:56:39 PM
Im just confused Huh

Im getting replies in this thread that its Poloniex fault and replies saying its my fault.

I just leave it to Poloniex customer reviews for you to read to make up your judgements and decision.

You are justifying yourself as right here and its like when someone dropped there wallet and you took all the money there but the actual owner found that you are the one who found the lost wallet but you are claiming that it's your fault to drop your wallet so I can't give you the money back! Roll Eyes

Yes its their fault to credit wrong coins but you are not supposed to claim its yours.

They haven't told me who's the original owner of the coins yet.

Or the exchange are the real owners of the coins?

If exchange are real owners then I thought exchanges are only there to provide buy & sell service for buyers and sellers and the exchange are just the custody of the coins only not real owners so after weeks still I don't even know who the original owner is Huh


Or exchanges are involved in buyer and seller trading activity like us retail investors on their own platforms and isn't this classed as insider trading that is illegal?

The $64,000 question:

If I send coins to a wrong address that ends up randomly at Poloniex for example, then few questions:

- What are the chances that blockchain wallet addresses that is made up of so many characters just can be randomly guessed where someone by no coincidence just randomly guesses my deposit address to send there to cause the mistake? This sounds impossible or has the same chances of winning the lottery $millions right?

- Finally if it is a mistake that ends up at the exchange randomly that sounds impossible then do exchanges are legally oblige to reimburse the original/owner of the coins?

- Are blockchain wallet addresses limited where all addresses are similar with only 1 or 2 character differences between them to be efficient or to save space, or less computing/networking resources used or whatever?





253  Economy / Exchanges / Re: Omg Help Exchange threatened to get me Rekt! on: March 02, 2021, 12:18:39 AM
First and foremost, I am not a lawyer. Neither have I studied criminal law. But I am almost 100% certain that you are criminally liable if you are spending money which is not yours. In your case, you are very much aware that the funds are not yours. You have been sufficiently informed that a certain amount is erroneously deposited to your account and that you should send it back to the sender. Knowing all this, you still decided to ignore all of it and, worse, withdrew the said funds to another wallet. That, my friend, is theft!

Now, whether Poloniex will run after you on the basis of that relatively small amount or not, I can't tell. If you abandon your Poloniex account for the sake of the funds wrongly sent to you, you are still a net positive. But if you are a verified user of Poloniex, I'm afraid they can easily make a move against you, so be wise and weigh the risks.

I have altcoins holdings on my Poloniex and assumed the deposit was a free airdrop because I get airdrops a few times on my other exchanges accounts. On Yobit exchange few years ago if I correctly recall I received airdrop of 500 Tron coins!

You do not use the YoBit and "my other exchanges accounts" argument as an attempt to support your assumptions on Poloniex. Have you been receiving similar free airdrops on Poloniex? If no, there's no point assuming it was an airdrop. If yes, were there official announcements made prior to or while the airdrops were ongoing?

Quote
Why Poloniex exchange notifying me weeks later after their admission of mistake!?

I understand if Polo notified me within 24hrs of the deposit mistake I would have known and would have not withdrawn the coins but they notified me weeks later  Huh

I am not certain whether or not it matters that the attempt by the owner to reclaim what was erroneously sent was made several hours or days later. I don't think it excuses you to make use of someone else's funds simply because the original owner did not immediately inform you of the said mistake.

I am curious, though, from the moment you received the funds, how long did it take before you withdrew it?

Quote
When you say criminal you mean breaking the law, how did I break the law on someone else mistake? This is civil legal matter not criminal unless Polo has indisputable evidence or conspiracy that I was involved in that mistake to benefit or fraud from it!

Spending another person or entity's funds wrongfully deposited into your account is breaking the law. As such, it is generally a criminal act, although it might not reach to that point if the receiver admitted the wrongful act of spending another's money and shows good faith by returning the exact amount.



However, at the end of the day, we are both discussing here as armchair lawyers. I am not in any way competent to provide legal advice or anything legal. Everything is purely my opinion.

I received Dai airdrop from Poloniex before in the past and had no advanced email notification on that.



Contact them and tell them that you've sold the tokens and can't return them. Maybe you will reach an agreement.
I don't think you've done anything wrong here since you sold the tokens before their notification but it's always better to resolve such issues amicably.


I did reply to them and told them the truth that I sold them. Now they threatening to liquidate my assets on their exchange if I don't return the coins back but I cant!



~snip

But I cant return the coins because I sold them as I said in my 1st post on this thread! Sold them way before Polo notified me weeks later.

It doesn't matter whether you sold it or not since you will have the money you have earned from that illegal sale. Now the problem you will have is either you don't have the money you earned from those crypto or you will come up short because it has appreciated from the point when you have sold it either way you need to come up with the same quantity of Bitcoin you have received mistakenly and return it back to them as what you did is illegal and Poloniex has the right to file criminal charges against you. There is no excuses for your liability even if this was Poloniex's mistake.

Hows it illegal? Was there any criminal association behind the transaction, like money laundering, terrorism or drugs, hacks?

It even states in Poloniex user agreement responsibility cannot be held if coins are sent to the wrong address and the risk of it of not getting coins back.

So this comes down to a moral or legal issue, how's it criminal? What criminal law did I break or violate? Theft? Did I had intention to steal or hack coins from another address from the beginning?



Im just confused Huh

Im getting replies in this thread that its Poloniex fault and replies saying its my fault.

I just leave it to Poloniex customer reviews for you to read to make up your judgements and decision.

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254  Economy / Exchanges / Re: Omg Help Exchange threatened to get me Rekt! on: February 27, 2021, 08:03:15 PM
First and foremost, I am not a lawyer. Neither have I studied criminal law. But I am almost 100% certain that you are criminally liable if you are spending money which is not yours. In your case, you are very much aware that the funds are not yours. You have been sufficiently informed that a certain amount is erroneously deposited to your account and that you should send it back to the sender. Knowing all this, you still decided to ignore all of it and, worse, withdrew the said funds to another wallet. That, my friend, is theft!

Now, whether Poloniex will run after you on the basis of that relatively small amount or not, I can't tell. If you abandon your Poloniex account for the sake of the funds wrongly sent to you, you are still a net positive. But if you are a verified user of Poloniex, I'm afraid they can easily make a move against you, so be wise and weigh the risks.

I have altcoins holdings on my Poloniex and assumed the deposit was a free airdrop because I get airdrops a few times on my other exchanges accounts. On Yobit exchange few years ago if I correctly recall I received airdrop of 500 Tron coins!

Why Poloniex exchange notifying me weeks later after their admission of mistake!?

I understand if Polo notified me within 24hrs of the deposit mistake I would have known and would have not withdrawn the coins but they notified me weeks later  Huh

When you say criminal you mean breaking the law, how did I break the law on someone else mistake? This is civil legal matter not criminal unless Polo has indisputable evidence or conspiracy that I was involved in that mistake to benefit or fraud from it!





That still counted as theft on how you proceeded with the mistaken deposit to your account. No matter how you twist the story as long as the deposit credited to you is not done by yourself or with your money it will be considered as theft it is as simple as that even if you made up excuses that you thought you won something from a promo you didn't know you participated in you will be charged with theft as the action is what they are basing it with. So if you go into the route of making an excuse you must show some good faith by returning the money you thought you have won and this is the only solution I am seeing right now for you to get out of any possible criminal charges.

But I cant return the coins because I sold them as I said in my 1st post on this thread! Sold them way before Polo notified me weeks later.

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255  Economy / Exchanges / Re: Omg Help Exchange threatened to get me Rekt! on: February 26, 2021, 10:28:39 PM
Poloniex froze my account threatening they will liquidate my coins if I don't return the tokens.

I got about 2000 MAID tokens still on there and also about 1000 USDT. They cant liquidate a stable coin but can they take it?

Can they legally do this and get away with it?
256  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][GNT] Golem Project - The world’s most powerful supercomputer on: February 26, 2021, 08:04:37 PM
Does Coinbase support the old Golem GNT deposits?

Just want to make sure before I send my GNT there.

When will Coinbase swap to new GLM?
257  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Stablecoin is the most Trustworthy? on: February 26, 2021, 05:17:19 PM
Can centralized stable coins like USDT be frozen in a wallet remotely from USDT corp office themselves?

Can USDC, BUSD, GUSD be frozen like USDT?

Can Dai be frozen in a wallet?

258  Economy / Exchanges / Re: Omg Help Exchange threatened to get me Rekt! on: February 26, 2021, 05:01:33 PM
I'm from UK and Poloniex is in USA I believe.
Several days ago Citigroup loses bid to recover $500m sent to funds by mistake[1].

Generally, unless you withdraw currencies from your account, according to terms of use, they can freeze your account and stop the payments.
Withdrawing huge sums from a hot wallet is not easy, your account will be frozen and make sure that all payments are correct, so the probability of withdrawing 1000BTC that was sent to you by mistake is zero.

Also, many platforms tighten withdrawals to ensure that your account has not been hacked.


So hypothesis for a huge amount has 0% odds.
As for the small sums, they can hire a lawyer and take it back. Tongue Tongue

[1] https://www.ft.com/content/de433d55-5cea-4929-9954-c08e5b98f004

On what grounds did Citigroup lose on?



I'm from UK and Poloniex is in USA I believe.

Wrong.
Poloniex is not from USA and I think Justin Sun better known for tron, owns it now after ownership change or he is surely heavily invested in it.
I don't think they are scam, but  they are not fully regulated and I don't fully trust any centralized exchange so I am not surprised with anything involved with them.

You should prove here with some screenshots how they made threats to you, but in theory they can always play the terms card if they want.
Few days ago one exchange PDAX sold customer Bitcoin for 6k by mistake and now they are asking it back just because they can, and there is nobody to stop them.
That is the risk of using exchanges.

Where is Polo based?

You mean the customer is asking for the bitcoins back?



If it's a huge amount they can try to use authorities to track you down with the help of your KYC details you have with them. I don't know which kind of coin/token you are talking about here. Tokens like USDT can be frozen in whatever address they have been sent to. It's just a matter of contacting the USDT team.

They can also contact exchanges to which you sent tokens to and request them to block your accounts

Is around $5k a huge amount for them?

When you say authorities do you mean something illegal has been committed? I don't see how this becomes a criminal law matter unless they can prove the coins were stolen or something right?

This should be a civil legal matter if Polo wants to chase it up legally so what is this authorities tracking me down like a criminal for a mistake they admitted they done?

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259  Bitcoin / Bitcoin Discussion / Bitcoin being branded as a 'Meme' by Mainstream Media Manipulators on: February 26, 2021, 03:53:42 PM
CNBC, Fox, Sky News, BBC and the lot are branding Bitcoin as a Meme  Roll Eyes

Central Banks & Government know that banning Bitcoin is Futile and waste of time so they are targeting Bitcoin at a different sinister angle.

That angle is Psychological Warfare that has been proved very effective against the masses from Hitler's Nazi Propaganda program till this day.

They know bitcoin is a new technology where youngsters and the young generations will relate to it more than over Gold/Silver that is seen to be now out of date, old fashioned investments for old grumpy men, not cool right.

Now they giving technology a cool trend meme image. Elon Musk has gained a lot of trend from youngsters because of Dogecoin and he's got a lot of young followers now.


However...


But as we all know with meme's, trends it becomes like clothing fashion where its not cool to wear it anymore and youngsters will ditch it and this can quickly reverse a btc bull bull market into a really long term bear market where the market cycle fundamentals has been forever changed according to the traditional finance rule books and markets can come back into a bull trend where its cool and trendy again like a meme not on fundamentals anymore.

What's your thoughts on this where psychological market manipulation is possible?

WSB WallStreetBets is a classic example where youngsters on Robinhood see stock symbols as memes not on fundamentals. One day Gamestop GME wont be cool anymore.





  
260  Other / Beginners & Help / Re: Proof of Keys Event for a Beginner? on: February 26, 2021, 03:34:43 PM
You can take a look at the supported assets of each wallet on the links below if the information is up to date:
https://trustwallet.com/assets
https://guarda.com/coins/
https://www.exodus.com/desktop/

Sending via the Tron network is the cheapest, yes. There shouldn't be any transaction fees over Tron.
I can see that USDT is available as a TRC-20 token when clicking on Add tokens > Tron > USDT. The information on their website is probably not updated yet. Just to be sure, you can check with the Coinomi support > https://coinomi.freshdesk.com/support/home.

I don't think any of these multi-coin wallets are open-sourced. From the top of my head, I can't remember a single one that is.
Yes, you need the underlying asset if you send USDT tokens via that network. Ether is needed for the Ethereum network fees, bitcoin over Omni, and tron for the Tron network.




Cheers for explaining.

According to user reviews I think Coinomi is the best:
https://uk.trustpilot.com/review/www.coinomi.com

Unless someone can prove me wrong otherwise by showing good independent reviews of those wallets mentioned above.

I'm thinking how wallets that claim to be user custodial (user controls the private keys not wallet provider) get bad reviews when your in control of your crypto so what can go wrong causing bad reviews like this  Huh:

https://uk.trustpilot.com/review/trustwallet.com
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