It's a about any company not allowed to receive a payment of over 3000 euros from an anonymous source!
Where did you read this upper limit? In here, I read that any payment from an "anonymous source" is proposed to become illegal. And what's an anonymous source exactly? Am I supposed to identify my UTXO to the government? Otherwise, how is it supposed to work? From here: https://data.consilium.europa.eu/doc/document/ST-6220-2024-REV-1/en/pdfBoth articles 31b and 58 are about " crypto-asset service providers", the EU doesn't regulate and doesn't care about anything that is not a contract between two persons in the EU, if it's personal finances, each country on its own. Also this: https://twitter.com/paddi_hansen/status/1771929859704389954Far more detailed analysis that I could ever do and obviously moar than what screaming guys on twitter have to say! Especially this line: https://twitter.com/paddi_hansen/status/1771929885184844115I don't think this is how it works. As far as I understand, the store is forbidden from accepting a crypto transaction whose source is not reported to the government, therefore accept only KYC, "clean" coins directly from exchanges.
It was just an example for the stupidity of the bravado, I sent a tx the CIA didn't stop me, such hero, but I made it a bit to simple! Stores will be limited at above value x (again each country can amend these values), to some restricted way of payments, so when you purchase over the sum the customer won't be able to pay unless he uses pre-approved methods, card, wire, but if some crypto provider regulated in the said country manages to do that it will be again accepted, taking into account it's a payment provide who goes through all KYC/AML regulations just like a bank! And no as long as a store accepts crypto it comes to its own "due diligence" . |
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Bitcoin is not at all about all the deep dips but the stabile growth with the high peaks.
I've never seen peaks without valleys! But you're also right a bit, Bitcoin is not all about price, it's way more than that, price should be a minor detail, but lately, it has become the only reason of interest! The most important thing is that while we know that almost everyone is wrong about Bitcoin, we must not be among those who are wrong too.
If you're so sure about almost everyone being wrong about Bitcoin can you point out some people here on the forum that are "wrong" about Bitcoin? Almost everyone means that just a select few hold the truth, I' 'm genuinely curious who is in the wrong and which 2-3 maybe 4 are the true truth holders! Although I agree Bitcoin is better to be invested rather than trading, it's kinda off topic to discuss something that not suppose to be discussed.
In real life illustration, if you're a Muslim, you're shouting "Islam is the best religion" in church.
For a more powerful imagine and projection, do it the other way around! |
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A confusing decision, I thought the EU was a friendly environment for crypto when they already had the MiCA law. I understand that the EU wants to track the flow of money in crypto to detect money laundering, but this law is not good for crypto because it almost goes against the core values related to decentralization and the need for self-custody of assets in the crypto market.
The EU is still friendly to crypto, they just treat crypto as money! See how simple this is, we have had limits on spending cash for years, even decades, and nobody here knew or didn't care about it, now that crypto payments are legal, what a surprise, they must follow the same rule as fiat! Pickachu face! I mean common people, what government in what world would allow unrestricted anonymous payments with no limits? Let's be real here! The one alt that I've been a big fan of is Monero, but I knew that it would have very limited upside price wise as governments would eventually shut down the allowance of exchanges to to transact it (buy/sell), and that's exactly whats happening..
I got this from a monero sub on reddit, obviously downvoted into oblivion but the guy was right: How to use Monero? Use it as money?
Google: nope, cards only.
ProtonMail: sorry, USD and CHF only, maaaaybe we accept BTC?
My landlord: nope, not interested, cash only, or wire your rent to my bank account.
Furry porn artist I want to commission some art with: no, PayPal only.
Pornhub: no, Tether and Verge only.
Onlyfans: sorry, no, only PayPal and cards.
Bodega store where I get some groceries: no, cash or cards only. We can't legally accept crypto payments.
My lawyer: no, where would I spend it anyway?
Companies and shops I work with: no, are you fucking serious? We can't legally accept or send crypto payments directly, and our payment processor fee is like 6%. Fiat please.
Some software company I want to buy a program from: credit cards or PayPal only.
A friend who owes me some money: no dude fuck that, I have enough problems already, why do I need to learn this too? And how would I buy these token things?
My prettier half: why would I need this Monero thing, rattie? You manage our family finances, you figure it out. Once you take a pace out of the crypto world you realize the fiat only one is like 1 million times larger, and the main difference is that most of our activities are there, not here! Privacy coins have nowhere to go, they help keep your funds and identity private but that whole thing doesn't mean a thing when your partner in trade doesn't want that! We've seen this before. Bitcoin is having a bull run and the regulators and governments start creating FUD via proposals for mindless crypto regulation.
The proposal was public and voted and amended since 2021: https://eur-lex.europa.eu/resource.html?uri=cellar:0a4db7d6-eace-11eb-93a8-01aa75ed71a1.0001.02/DOC_1&format=PDF |
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@Darker45. If that is true and if we are being fair on the Indian government, they might want to start the regulations on the cryptospace from zero. They will first ban all exchanges, create a regulatory template that you mentioned, then begin accepting exchanges under the rules of the template. This might not be a bad roadmap hehe. However, the small projects with anonymous developers of DeFi will be their problem. They will certainly not follow the rules imposed by the regulatory template. Here's the article which was published December of last year. The regulatory framework I was talking about is mentioned there. To be fair, if I were the Indian government, I would have done the same. India offers such a huge market, the top country as per "Chainalysis’ global crypto adoption index of 2022," but how are they benefitting from the profitable operations of Binance, Kraken, KuCoin, and others? These top exchanges are illegally operating. Why should they be allowed to do that? So, perhaps the right way is for the government to subject them all to regulations. It's either they comply or perish. At the end of the day, these are private companies, centralized entities that should be held accountable for what they're offering to Indian citizens. So again, it's not oh, cries, OKX is leaving because it can't comply with the terms, it's OkX leaving because it doesn't want to do the basics to comply with the rules other companies in other fields do, what a surprise, they've got used to operating without a license, without tules, without caring about customers money now when they do have to do so they all flee. Till date 31 VDA SPs have registered with FIU IND. However, several offshore entities though catering to a substantial part of Indian users were not getting registered and coming under the Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT) framework,” the document reads. So 31 companies agreed, and 7 didn't and closed shop! Let's go further: The framework — scheduled to be released in 2024 — is likely to include advanced KYC rules for crypto companies and require the release of real-time proof-of-reserve audits. It’s also expected to propose a uniform tax policy across nations and bring crypto exchanges under the same status as authorized dealers (similar to banks) under the guidelines of the Reserve Bank of India Oh yeah, so they would need to show they have the customer's money and they would need to keep those coins separate, no wonder OKX fled. |
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I still believe that the 4-year model is valid because the main variable in it is the return from the block compared to the average costs of producing Bitcoin. Currently, Avg Block Fees are 0.1447 BTC/block, and each block produces about 6.424 BTC $414,723. If Block Rewards decreases to 3.125, and assuming that the average fee will be 0.2 total 3.225, which means a price of about 128k on average for the next four years and a range between 80k to 140k during the next three years. we are still in the category of corrections of 60% to 80%, although the possibility of 60% is more likely and no Supercycle.
The block reward is tricky stuff. For example, if we look back a few months the reward was under 30 mils a day, now ( a bit unusual as faster blocks happened today day) it has spiked to $74 mils, so even the so-called halving cycle will not really mean a decrease of supply in $ value, we were producing 30 mils of coins we're going to produce 35 mils even after this. Also, the fee is more tied to the value in $, people don't really care about 20sat/vb or 100sat/vb they care what that means in $, so the blocks will never be able to keep an equilibrium there. I will go with d5000 opinion as I think we're entering a stage of market maturity, and unlike previously the causes for large swing will be gone, as well as a new attitude from the new generation of investors |
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I wouldn't have said this but I am much more concerned about the fact that we have been hearing so many people talking about holding Bitcoin for the long term and never selling. I find it so confusing that after investing so much in Bitcoin for years we won't want to sell our bitcoin till we die.
Learn to differentiate between what people say and what people do! On social media and on forums like this everyone is balls of steel, keep hodling, etc, in reality even as some type hodl they push the sell button. And even leaving this aspect aside, nobody says to keep the coins till you die, more like keeping them instead of going to fiat again is a better solution, if you don't need the money and you believe in the future of the coin why sell? What would be the point? If you feel safer with $ than with BTC it simply means you don't trust BTCOn what principles guide your actions in the realm of Bitcoin (BTC)?
Desires and means to fulfill said desires! |
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The reason is simple, there are many exchanges around the world that offer bitcoin markets against a wide variety of fiat currencies. The more popular bitcoin gets elsewhere, the more these exchanges grow.
That is not to mention the fact that people don't have to "exchange" fiat for bitcoin. Bitcoin is a currency and people can earn it just like they earn any other currency and it is global.
USD is the standard, we measure Bitcoins into USD and then convert that value into other currencies, that's how everyone calculates Bitcoin's price. Shhh, don't mention the truth, you'll have the de-dollarization crowd in tears! Every single day you hear how this and that won;t be priced in dollars yet every single topic about bitcoin and the price here mentions dollars, not yuans, not rupiah, not rubles and not rials, nobody knows how much a BTC is in those toilet paper currencies but magically some think they will replace the $ with it! Is there a FED meeting in 2 months, everyone bites his nails waiting for it and doesn't even know the rest of the world is also playing with interest rates but nobody cares about them. There were ETF in the rest of the world, and nobody cared, once launched in the US price went 2x, and Blackrock launched an ETF in Brazil...crickets! Haters gonna hate... Or for example if you made a bet online in a crypto casino (or maybe even advertised one and get paid by the company), since "internet gambling" is also illegal in United States under the Wire Act of 1961, you'd be considered a double criminal.
and so on.
Is it really prohibited? Then how does Stake.us exist? It's not, of course, gambling is a $300 billion industry in the US, but do you expect reliable information from somebody who hates the US to the core because of propaganda while never setting foot there? |
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Patrick Breyer, a member of the European Parliament since 2019 and part of Pirate Party Germany, voted against this proposal, explaining that it might have negative repercussions. Breyer stated: We have a right to pay and donate online without our personal transactions being recorded. If the EU believes it can regulate virtual currencies at a regional level, it hasn’t understood the global nature of the Internet. Those guys are stuck in the Piratebay era. For a guy who was supposed to know enough about crypto, economics, and regulations in the EU he should have understood the difference between personal payments and payments that are the result of a binding contract. You can be the rebel you want but if the guy that sells you a car takes only a bank transfer that's it, this is not about hiding your identity, it's about someone now servicing you without knowing your identity! If that phrase is his best take on the issue no surprise he was the only one to vote against and couldn't convince anyone else to do so. |
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This isn't the case, you are completely anonymous when you coinjoin. Participants in a group transaction can't be distinguished from each other since there's multiple clones created with the exact same value - You don't understand what this ban is about, it's not about stopping you from sending a tx! It's a about any company not allowed to receive a payment of over 3000 euros from an anonymous source! So your bravado is...empty slogan! You are free to enter a store and, buy a 5000 euro tv and try to pay with crypto, but the store will simply refuse your payment unless you id yourself! So? What does any mixing, conjoin or anything else solve here? As for the all caps breaking news... The new AML legislation applies certain limits for cash transactions and anonymous cryptocurrency payments. Under the new rules, anonymous cash payments over 3,000 euros will be banned in commercial transactions, and cash payments over 10,000 euros will be completely banned in business transactions.
The new legislation is expected to be fully operational within three years from its entry into force. I doubt more than 5% of the forum does more than 2 payments over 3000 euros for goods a year that can be split into two or three. |
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That dam is not 100% built yet so it's only going to yield a fraction of the electricity that the article cited.
The dam is completed, and it's already filled for production levels, the flooding of the basin has started in 2020: https://eros.usgs.gov/earthshots/grand-ethiopian-renaissance-dam-ethiopiaIt does have only 700MW out of 5GW installed, but the trick is that the powerplant would have never produced that much, it has a capacity power below 30% so 2 turbines running full time will have the same effect as 6 installed over the year with the current debit being released. And have you also thought about it that, as more miners increase, the higher the worth and reward value for their successful mined block.
Nope, that's not how economics work! Otherwise, we would all just buy miners, dive the hashrate to 1 quadrillion exahashes and suddenly the Bitcoin price will be 2 trillion! No, more miners doesn't mean higher prices! |
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russia seen eastern ukraine as the safety barrier to keep nato away from russia's borders.
Yeah, genius move:  I wonder if Putin didn't make that plan with you, since it's so genuinely stupid from the core! The whole thing about Ukraine and the buffer zone is just stupid, if Nato would have really wanted to expand and threaten Russia the attack would have been Belarus! 60 years of Cold War planning and not a single plan made something special out of Ukraine, it's Belarus that's the gateway to both Moscow and Berlin! The thing is, China and India have a population growth that are not controlled, so border conflicts like this will be a ongoing problem, because they have to put those people somewhere and they also need more agricultural land to produce more food.
China's population is already decreasing, India's fertility rate has plunged to below replacement level!New models show that India might start shrinking itself way earlier than 2065, models predicting 2050 now and they still ignore the impact of education in the poorest region where births are still high. But overall, it's nice to see BRICS being so united! /shitload of sarcasm |
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I know the role of miners is not only to mine bitcoins but they also play the role of processing transactions on the bitcoin blockchain. But as I emphasized, people continue to mine bitcoin because they still enjoy large profits from mining. But once all the bitcoins are mined, profits will certainly decrease significantly, and maintaining mining machines just to process transactions will not be feasible. Because the cost of mining machines is very expensive, not to mention other additional costs, but if it is as you say then we can use personal computers to process transactions at that time. Then everything is simpler and easier. Bruh, seriously.... This topic is making my head hurt, we all talk about Bitcoin here and we don't know the basics? The cost of a mining machine is expensive because it gives you a huge profit! When the reward goes to zero, then miners live on from fees and if the income is 100$ a day , there will be 100 miners splitting those into 1$ revenue per day and mine with a cheap miner with 4 chips and 4th/s. Bitcoin mining is not a traditional industry, the amount spent of bitcoin minign can go to zero, this doesn't mean suddenly there won't be any miners left, it takes one guy one asic and the chain goes on! It's expensive now to run gear that will mine you the share of 1 btc because one BTC is worth 70k! The daily reward is $59,171,021, if the daily reward will be just $59,171 there will simply be 1000x less mining machines! That's all! Of course the role of miners may have to only become restricted to fewer tasks of which involves adding blocks of transactions to the Blockchain.
Restricted to...do the same things as they do now? Do you think that now miners do some magically completely different than just finding blocks? Who's to say whether the roles of miners will be lesser, if not more?
You have no idea what Bitcoin mining is, right? |
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In a world where scams run rampant, Wizard Asset Recovery shines as a beacon of integrity, trust, and reliability.
Yeah, bull***! The whole thing is ridiculous, if someone would give you the addresses to which the coins were sent, what are you going to hack? You don't even know and you can't know if that's a cold storage, a hot wallet, you don't know if it's connected to the Internet, you don't know who owns it! Or what, are you going to hack the address itself? Common, we all know how those things go, it's either - consultation fee, program, fees for inquiries, and then you go offline after making $50 - you claim you have recovered the sum, you ask the client for 1% to be paid before your return and again you disappear after taking the money If you're that good there are plenty of hacking cases already from large excuses, why don't you contact them as there are millions to play? What has a gorilla death in the zoo to do with your hacking service? https://berhmterstren.de/tierpfleger-zoo-leipzig-gestorben/ |
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Well it’s like 2008 all over again. The warning signs are everywhere but the stock market keeps printing new highs and eventually it will crack and there will be chaos. But nobody knows when. Could be months or another year or so.
Not even close, if the current house bubble would burst unlike 2008 a 20% fall in price would find everyone buying as there are millions on the side waiting for a price to buy a house unlike in 2008 when banks encouraged even the ones with the worse credit in history to apply for a mortgage. 2008 was a speculation bubble, 2024 is just prices driven up by constant demand as the money is indeed in the customers' pockets https://www.axios.com/2023/12/16/housing-market-why-homes-expensive-chart-inventory Surprisingly the gdp is strong so we are a long ways away from an actual recession.
And why would there be a recession just because of high inflation? Jobs are up, the US ended the year with a new record of over 161 million employed, demand for everything is up, and it's business as usual just that we had a severe price increase, compare this to the 90s and it's peanuts, Argentina's economy shrank by juts 1.4% and they have inflation where it doesn't matter what numbers is made of but how many! We've seen the effect of the fed meeting afterwards, the price of Bitcoin went up and back to $67k. But this time, what it is all about? Whales cashing out their quick profits and that's why Bitcoin dropped to $62k again?
Get used to it, it will happen more and more as prices start to be dictated by bots running on news feed algorithms. |
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The article forgets one thing, one of their main reason to backtrack on Bitcoin was the launch of their own token: https://sango.org/?sl=activeOf course, it turned out to be another petrocoin, 2204 already, and not even the things listed on the roadmap for 2023 have been finished. Nigeria, South Africa, Morocco, Ghana and Kenya and many more countries in Africa that bitcoin is legalized. It is not compulsory that the government must use it as a legal tender before, bitcoin can be used or is legal.
I was going to say the same, but you added more to my knowledge because I did not know that these countries in the second paragraph have also legalized the cryptocurrencies, well, speaking of these, I am assuming our country might also legalize the crypto as well. They haven't!!!! He has been corrected already like 4 times, Bitcoin is not legal in all those countries, and is in fact banned in Morroco! The harsh reality is that right now if we country countries where Bitcoin is legal versus countries where it's banned, Africa is in last place right now of all continents and a long, long way from Europe or North America. |
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You are funny or a Wirex team member, the truth is this:
I doubt Wirex would still pay for shilling on forums, they are already getting enouhg customers through the referral links and just shilling there without fixing the negativity around won't do much. I also ordered the new card two weeks!! ago once again by express ($15), I have neither received a tracking number nor the card.
Be ready for a two-month's wait from what I've heard on Discord, it's the quarter hour and the complaint there.! Either Wirex is incompetent, is scamming me or simply has no more liquidity??
It's a crappy service with high fees but they are still offering one of the few reliable cards for some zones, like the EU. So they don't have to scam, they just have to spend a few pennies on support, charge high fees, and so on to keep doing profitable business. Should I give it a try to exchange 250 euros to wxt to get the min requirement or will I get just stuck with more wxt tokens?
Same situation but no longer an active user, I don't know, better ask around more, I wouldn't do it! |
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Given that the OP says that he is in the EU, and if we assume that his country is in the Schengen Area, then he can come on a nice vacation to the Adriatic Sea (maybe even pay for the vacation with BTC) and visit physical crypto exchanges where he can sell cryptocurrencies without KYC up to in the amount of 1000 EUR per transaction - and considering that there are more such branches, in a week he can go home with x0 000 EUR - problem solved (unless he does something stupid and buys a new car for cash or something similal - or the OP is a big fish who has at least a million EUR and our advice does not help him at all  ) To be honest I don't think that he either knows what he wants or that he knows why is seeking these solutions. He is overcomplicating things, he wants to liquidate but not quite, he wants to exchange but he wants a stable coin, he... The whole thing started simple, avoid capital taxes on your winnings, the solution is simple, do it in a way in which you leave nowhere your name and avoid being a peacock afterward with the money you've made. I assume he's from Italy, one trip as you said to the Adriatic or to the Visegard countries (Czech Republic and Poland mainly) and he has a hundred ATMs to choose from. |
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This is one of those topics that just screams : Reality check! The dollar is dead, the west is in a recession, 1 BTC=1 BTC but just one FED meeting and everyone is curious about what will the US do, what will be the impact what is going on, what will happen! I've never seen a topic about China's interest rate, about India or Rusia monetary policy, about what Iran or South Africa's CB are doing and nobody gives a damn even if they do one thing. But the FED has a meeting and every trader is waiting with a carrot 20 inches deep thinking what happened to the banana that got stuck there when the inflation numbers were released! Month after month after month, some are still denying that there is only one force that can drive the markets this much both ways! But , yeah, let's keep denying it! |
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It's not a question of wealth, or hoping to get rich with something... it's a question of freedom, not having borders to move your life, everything will be in the clouds, on the blockchain...
What will be in the blockchain? Your food, your wife, your house? You will raise your kids in the blockchain by sending with your wife a multisig transactions? 10 sat/vb for a boy 20sat/b for a girl? Having the total power to choose where you live, without depending of nothing and no one... See Venezuela, many successful doctors and engineers today go hungry because their capital is tied up in one place... Bitcoin would solve this.
Bitcoin can't solve a thing if you don't have money to buy bitcoins! Again, you don't seem to understand what nobility means! the quality of being noble in character How the hell does one become great in character just because he is holding coins? |
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I would say that such auctions do not happen very often.
The US Marshall is no longer doing auctions for digital assets such as crypto unless it's a repayment seizure, they re doing OTC deals, same happened as per the article you quote: In March 2023, the U.S. transferred BTC confiscated from the Silk Road hacker to Coinbase. In April, the government sold another 9,861 BTC. Then, in January, government officials announced their intention to sell some of the cryptocurrency associated with the Silk Road case. The statement mentioned assets of 2,934 BTC. You will only hear about those sales after the fillings for each case are submitted. As for Phil, initial question, aml bots are crap! I don't know who was lying about that but look how an adress that was funded via crypto.com First, AMLBOT entity is a completely different company, which we have client-customer connections only. You can check full info about their company on their website https://amlbot.com/, and you have all their legal information available at the header of the AML report. AMLbot is a trusted tool widely used (not only by us) to ensure the safety of crypto transactions, for any questions about how their system works you can address the information on their website. We must note that the AML reports like one you received are issued automatically and cannot be changed nor by us, neither by the company behind the bot itself, so there is no conspiracy to rip you off your money behind that AMLBOT is overpriced garbage that nobody is taking serious. And I'm going to prove you how crappy that service is right here OP deposited through tx https://mempool.space/tx/b1fcd509833b9a6d6ce142806c1bced2780bc6acb4695ce3e8a04a227ba1ad53From 13oLHMtTujmYBVsKJEgY4nzxKiWSB4qEWo to your adress at bc1qrv44amv8myhlug9wuxt4u23aq8jud8he4nm9h4 13oLHMtTujmYBVsKJEgY4nzxKiWSB4qEWo was funded in: https://mempool.space/tx/215a81bd42ea6b060de813222b5fe1a2d600a3c20a13aba7a8e6214eb97b609d0.94691470 BTC from bc1q7cyrfmck2ffu2ud3rn5l5a8yv6f0chkp0zpemf bc1q7cyrfmck2ffu2ud3rn5l5a8yv6f0chkp0zpemf is crypto.com wallet https://glasschain.org/btc/address/bc1q7cyrfmck2ffu2ud3rn5l5a8yv6f0chkp0zpemfSecond, about the data you see in the report itself: if the transaction has a risk level from 51% to 100%, that means that the tokens are either stolen, used in the Dark Market or the assets are obtained by fraud and blackmail, Mixers, exchanges and services related to illegal activity (full list of 42 positions can be found in the report you posted).
It might trigger a ton of false positives and at the same time label them as clean coins from an exchange despite those being stolen from somebody via phishing. |
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