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I think most of the people use altcoins (based on your post, I think you are talking about tokens from projects) just for holding and making profits. There are some people that use it for making cheaper transactions when the bitcoin network is a bit overloaded, though most of them use it to make profits. But I think people rarely use those coins for their use cases. I bet they don't even know what those tokes are for. They just follow the hype and invest in it to make some quick profits and care about the money only. And as far as I know, most of the projects failed to provide exactly what they promised but somehow the tokens still have some values and are being traded just for their values.
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As we know as a crypto Community most of people's think that a Bitcoin (any crypto currency) is illegal and scam.
I don't think most people think that bitcoin is illegal or a scam. Only "few" people believes that it is a scam and others that think its illegal knows nothing about their law I guess. But Now Paypal officially integrated inbuilt features to buy/sell Bitcoin , Etherium , USDT and etc. So It is a great slap to the mostly people who think Crypto is illegal. Now they understand the power of crpyto in upcoming less than 2 years and it will change whole market , the early adopters will take great benefit.
Yeah, it is going to help more people get exposed to bitcoin, but I don't think it will make some huge changes. I mean, you can literally do the same thing with coinbase. Buy and sell crypto and use it for making payment. Now if only paypal provided something more unique. Maybe, something like you will be able to pay in every merchant/shop where paypal is accepted. Like they instantly convert your money to fiat and pays them. Oh, I also have some doubts on price being reasonable. |
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-snip-
Pros:
1. Can help regulate the spam casinos
2. People will have security
3. They will be protected by the laws
1. Not really. They will setup a fake casino. Won't register. Most people don't care about license or registration. They will see some good offers, they will deposit and then they will lose their money/coins. 2. How? 3. Not everyone will be protected. Remember, laws differ from country to country.
Cons:
1. People will have to actually pay up more indirectly for extra charges
2. No privacy
1. Someone has to pay for it. Be it the casino or the players. Based on all the pros who stated, don't you think its worth paying the extra charges? 2. As soon as you connect to the internet, there is no such thing as privacy. You can still always be tracked. |
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Yup, let them stop using bitcoin, go against it and ban it while rest of the world are embracing it. Just because a group of extremist used bitcoin, doesn't mean the country should start banning using bitcoin. I have heard India has money corruption problem. Tell your leaders to start using bitcoin and keep everything transparent. I doubt they will since it is going to hurt their black business. Oh, tell them that people also use fiat currency to finance terrorism and they should start banning fiat too. Would be great to go back to barter system. No more terrorist financing.
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Ive got about 6 months tied into trying to get this money. Today i thought to look in a forum for help but before this thought came along I couldnt reach anyong from bitcoin to help. Deadend web pages and no phone help. Its not much just $270.00 but I would like help getting it. Ty
Not enough details or anything. We don't even know what you are talking about. Where did you invest those $270 of yours? Open a proper scam accusation thread with all the details so you can warn other people about it. If the site where you have invested your money has no information about how to contact them or isn't responding to the emails given, then sorry to say, you have been scammed and there is no way you will be able to get back your money. Don't waste your time anymore and just move on. |
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Not trying to trash your sale or anything, but a little curious. I have some questions. Based on few posts I have read, I guess we don't have to do KYC? But how is it "No KYC" or "Anonymous" if someone else does that on behalf of us? The cards are NOT anonymous. The cards have a name and probably the nominees [the person buying the card?] name on it. It cannot be considered KYC free (poor guy who did it probably has no clue what's actually happening or the huge risks involved with it). What is the use of getting consent from someone if that person is being (highly likely) exploited? How can we even tell if you are not using stolen ID cards to open accounts?4. We mainly work with NON-residents, so the individual is not a subject to tax in the country of the bank where the account/card is applied for. Besides that bank does control physical location and where the person is traveling.
That's bullshit. Even non residents are subject to taxes in one way or the other. At least in most of the countries. Even if they are non resident of a country and isn't subject to any tax (which I doubt), they will at least have to pay taxes in their home country. Now don't tell me they don't have to pay taxes anywhere. Did Lucius ask you to post? Joking  On opposite, I really welcome every new member in this thread. Productive discussion is always good. As I have written before KYC is not done on your behalf. You have it as a bearer card. I have only written "is not a subject to tax in the country of the bank where the account/card is applied for." Someone is doing the KYC, right? And someone HAS to pay the taxes. Or is this an easy way for the person using the cards to "evade taxes" (that's illegal)? Also, you are shipping the card to the buyers address, so the person buying is no longer anonymous (unless he takes drastic measures to receive the packages anonymously through renting mailbox and submitting fake information/id). -snip-
It is strictly PROHIBITED to use the card for activities such money transmitting fraud, scam, terrorism financing, prohibited substances, weapons, child pornography trade (in case of violation our service is not
responsible for the card and account, the card will be blocked, money for unused paid period will not be returned).
-snip-
I guess you are no longer responsible for the card the moment someone starts using those cards since they break the terms of service (tax evasion through money laundering). And I am so glad you haven't denied that you are exploiting (unsuspecting) people. At least you are being honest over here. Do you pay them most of the money you receive from here or you just pocket them all?  |
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-snip-
And since all transactions are very easy to track, there are good opportunities for law enforcement to catch criminals with Chainalysis.
-snip-
But, they think that they can't be caught. They think that bitcoin is anonymous, but little do they know that it is pseudonymous and can always be tracked to them. Things become more easier to track if they make a very small mistake. I remember reading somewhere in the forum where a group were trying to finance terrorists through using bitcoin voucher and they all were caught. They thought bitcoin was not regulated in their country. I would say it is easier for criminals to work with fiat cash money. Harder to trace than bitcoin. |
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I haven't seen any Gambling Platform who used Telegram for Promotions, most I know is that they use Discord.
Do you have any Idea why they don't have any Telegram Communities? and why does it seem they don't use this platform for their promotions?
Probably because it is not popular? At least over here rarely people use telegram. They are more into snapchat or whatsapp (thought whatsapp is declining in popularity). I haven't used telegram myself, so I don't know how it works or looks like. But discord channels can be easily modified. There is range of customization that makes tasks easier and more clean. Like you can even create your own scripts/bots and run it on the server. I would say its more easier and cleaner to use discord for which everyone prefers using discord over telegram for promotion. |
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Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?
Don't you think it is still too early for crypto currencies to take over? I mean the crypto currencies we currently have are far from perfect. Not to mention, do you really think decentralized financial system is going to bring us more good than harm? I get it people want freedom over their finances, but that is something which the government cannot give us. Not everyone will be using it for legal activities. Even if crypto currencies take over, those currencies are going to be the centralized ones. |
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No doubt Paypal is going to be one of the most centralized exchange/wallet out there. You won't have access to your keys and you might lose access to your funds temporarily (or even permanently). But at least they are now involved with cryptocurrencies which will help more people know about bitcoin and other crypto currencies. Though we should still warn people about the risks involved and encourage them not to hold or store large amount of coins in paypal. I wonder why Paypal turned into "pro-crypto" so fast,after being in the "anti-crypto" team for all those years?
What changed inside their company?Maybe they smell money inside the crypto industry and decided to abandon all their core principles of banning crypto trading,blocking user accounts,etc. just for the sake of more profits.This seems like a very opportunistic move.
However,all the FUD/anti-Bitcoin banks and corporations like JP Morgan and Paypal are about to jump in the crypto wagon.This trend has pros and cons and we shouldn't celebrate.
They see their users as a cashcow. They turned into pro-crypto to make some easy money from people (and even promote themselves further). |
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Sounds like you are saying all altcoins are shit, which isn't true. There are altcoins that are well established and known with active community and developers. You can invest in those and hold them for making profit in the long run. Not all altcoins are pumped and dumped! -snip-
If you are new in cryptocurrency and will going to check what crypto you might be into in which you think will put a good use especially if you wanted to integrate it in your exisiting business then make a good use of bitcoin. The problem is that chosing between those coins is already a difficult task. What could be more when you wanted to check the coins one by one? It will be a load of work with the huge number of the altcoins in the market the common scenario that has happen with altcoins
There are "businesses" that are accepting multiple altcoins and are doing fine. I doubt it is going to be a "load" of work. If you have been following the market, you can easily know which ones are the "real" altcoins and which ones are scam coins. -snip-
1. There is no assurance that you can earn investing on altcoins unlike investing in bitcoin. Other altcoins liquidity are questionable so it can't get your money back whenever you wanted to.
-snip-
There is no assurance you will be earning any profit investing in bitcoin too! |
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The cards are anonymous for those who are using them, that is the main point. As it has been discussed already, we are not using anyone's identity, account is opened with person's consent.
Not trying to trash your sale or anything, but a little curious. I have some questions. Based on few posts I have read, I guess we don't have to do KYC? But how is it "No KYC" or "Anonymous" if someone else does that on behalf of us? The cards are NOT anonymous. The cards have a name and probably the nominees [the person buying the card?] name on it. It cannot be considered KYC free (poor guy who did it probably has no clue what's actually happening or the huge risks involved with it). What is the use of getting consent from someone if that person is being (highly likely) exploited? How can we even tell if you are not using stolen ID cards to open accounts?4. We mainly work with NON-residents, so the individual is not a subject to tax in the country of the bank where the account/card is applied for. Besides that bank does control physical location and where the person is traveling.
That's bullshit. Even non residents are subject to taxes in one way or the other. At least in most of the countries. Even if they are non resident of a country and isn't subject to any tax (which I doubt), they will at least have to pay taxes in their home country. Now don't tell me they don't have to pay taxes anywhere. |
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I would be one of the best career. The technology is new and still on its infant stage but we all know its potential. Once blockchain becomes mainstream, there will be a huge surge for blockchain experts and developers. Not to mention, currently most of the developers are on the upper payscale. I already see a lot of openings for blockchain developers.
If you are really interested on building a career around blockchain, go for it. You won't regret!
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They are needed if they want to operate legally. The KYC and AML policies depends on the country where the exchange is operating from. They have to do KYC if they wish to continue their business. The information are mainly collected to inform legal authorities if someone makes a huge transaction or is kind of suspicious. The information is also used by them to track crypto users and tax them. The exchange would get into trouble if they fail to report someone who committed a crime. -snip- Swapzone has the notification on KYC frequency for the platforms we work with along with the tips of passing KYC/AML without hassle. Besides, you can always contact the provider’s customer support for more details on passing the check. https://swapzone.io/learn/how-to-exchange-large-amounts/Kinda looks like you are advertising for your platform. Make proper announcement thread. |
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We all were expecting this to happen anytime soon. Good news I would say. Will help spread more about bitcoin among those who use paypal. But I wouldn't use paypal for holding bitcoins. You highly likely won't be having access to your private keys, so remember, those are not your coins (even though they are!). And paypal has a history of freezing your accounts. I know they do it for security reasons, but I am guessing this is going to happen more frequently since cryptocurrencies are involved. And you will be able to make payments to other paypal merchants, this means, Paypal can reverse the transaction if they want (like leaving you with a negative balance, even if you withdraw the coins).
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I guess you got lucky when trying to recover your losses or your losses weren't huge. I have seen most of the people that tried to recover their loss and in the processes ended up losing even more! Good thing you are now taking a break after reaching your profit goal. You seem to have some gambling discipline. Most of them would get greedy and start betting more or use their profits to gamble further and leaves themselves with no profit. That is totally okay if they enjoyed gambling, but that's not okay if its going to affect rest of their lives.
I don't gamble much, but if I do, I do it for fun. I don't care much if I make losses. Wouldn't bother chasing those.
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why all upcoming and new projects doing scams with bounty hunters for example P2P and YOUengine when bounty distribution is near they dump the token price and fail all hardwork of bounty hunters who help promote their projects many weeks after this promoters get nothing.
Why wouldn't they? It is easy money for them. It is like asking why do muggers mug you in the middle of the street. Those bounty projects take advantage of those naïve (i would rather call them stupid) people who gets hyped by those new "projects". In the process, they use those bounty hunters to promote their project. Once they get enough promotion and people invest in it, they dump their tokens and then exits the project. The hunters and the investors get screwed. Both the investors and the bounty hunters are to be blamed for encouraging those scammers by investing and promoting their scams. |
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It all depends on the general people. If the government is opening the economy slowly and taking proper measures to make sure the virus spreading is still contained, then I doubt it is going to make the pandemic worst than it is right now. But the problem is the people. They don't listen. They aren't following the rules and doing whatever they want. General people are making the pandemic worst than the business.
If only people would listen, follow the rules and maintain social distance...
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"Plane passenger caught smuggling gold nuggets in rectum to avoid taxes." - nypost.comIndian airport authorities literally struck gold when they spotted a man walking oddly — and discovered he had about 2 pounds in bullion shoved into his rectum, according to a report.
This is really disgusting when I first saw the headline of this news. Honestly, it's my first time to hear a news like this, since I thought I this is only happened in movies (some of in the movies are illegal drugs) or some happened in real but not gold. Recently, this news became a little trend everywhere where they compare Bitcoin with Gold on this kind of situation, we all know Bitcoin is intangible, where it is not a physical. Since when you do it on Bitcoin, you don't need some physical things to shoved in your rectum or in any of your body. What can you say about this? How come this is the first time you are hearing about this? People used to smuggle drugs the exact same way. I have also heard human traffickers doing the same with the those poor people they snatch. There were a lot of documentaries that aired where where people get caught for doing those. Sadly, most of them do this as a last resort to survive. Just a bit confused, what are you trying to related over here with bitcoin? Are you trying to say we don't need to shove bitcoin up our ass to evade taxes? Bad example. |
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No legitimate gambling sites accepts bets from countries where gambling is illegal on purpose. READ their TERMS OF SERVICE. It is you who is breaching their terms of service. They clearly told you to stayaway from their casino, but you still enter and place bets over there. They are not required to ID check everyone, unless you seem suspicious. They do take measures to make sure people from restricted countries don't gamble in casino. But people easily circumvent into the casino and starts playing. So you can't blame the casino. Its like blaming the government if someone breaks the law. -snip-
Personally, I don't read all the TOS in most sites I'm using as they didn't require a KYC so it's useless read all that when I believe I'm not covered since they will not know my real identity or where I am living.
-snip-
You should. They don't ask for you KYC right away, but they will eventually if you keep on playing and then you will lose your funds. I have seen a lot of people crying over here after their accounts got frozen because they broke their Terms. |
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