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I don't share your friend's view. Perhaps we might want to go into the details first before arriving at a conclusion that sanctioning the top 5 centralized exchanges for not implementing a ban on Russia will pull Bitcoin's price down to $30,000 and even much lower. Does your friend know how much of these top centralized exchanges' volumes are coming from Russia? After all, the country wasn't that open to Bitcoin until just recently with the surprising move of adopting Bitcoin as "analogue of currencies."
Also, why should the exchanges be sanctioned? In the first place, was there an order for them to ban Russia? I think there's none. Because if there is, many of these exchanges will certainly comply.
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I am seeing the silver lining with your hardware store not having a lot of people paying in Bitcoin but often people having wrong impressions of Bitcoin instead. Perhaps your store is making people aware of Bitcoin rather than earn more Bitcoin. People confused about Bitcoin coming over your store should go home a little bit enlightened. At the very least, they will leave your store knowing that Bitcoin is not a scam nor will it drop to 1 cent. Incidentally, just days ago I went biking and passed by this bike shop. It's called Crypto BTCikes. I was biking early on a Sunday morning and the shop was still closed so I didn't know whether that shop is accepting Bitcoin payment like your store. Or, if it is, whether there are indeed customers paying in Bitcoin. But even if it doesn't accept Bitcoin payment, surely there will be people who will be curious and those who will be asking the real deal with Bitcoin. So it's still an opportunity to help raise awareness about Bitcoin.  |
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Update: I think it worked!
My recipient created a wallet and sent me an address, which was a long alphanumeric string of characters.
Thank you all for your help.
I'm a little confused as to whether I need to get/download a wallet, or whether I have have a built-in wallet in Coinbase that will be sufficient. In any event, I haven't yet been able to see what the address for my wallet is. You don't need to. I guess what you have right now is a Coinbase.com account since you made your purchase there. You have a wallet there. You may decide to keep it this way. It's just that your funds kept in Coinbase.com is not under your full control. They are in custody of it. Whereas, if you decide to get a Coinbase Wallet, you have the full control of your funds. It is a non-custodial wallet where you and you alone own the private keys. Just make sure that you keep private your seed phrase. Anyway, look for the deposit or the receive button. It will be where your address is. |
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Again, it's not about Binance. Binance would continue to work with these payment networks. It's just that Russians using American Express cards issued within the country cannot anymore use these cards with Binance and other international transactions since they are already cut off from the international network. But Russians living outside Russia are not included in the sanction. They could still use their American Express cards which are issued outside Russia. |
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You're playing Nostradamus here. Do you care to present factual reasons why the Euro will collapse less than a month after the Russian ruble? If you are in an economics class and you present your market prediction this way, you'd be asked to stop before given a failing mark.
For now, you cannot even make mention of Russian oligarchs withdrawing money from EU banks which will cause the euro to fall. Their billions are frozen right now. Their assets as frozen as well.
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I don't think the child was already a gambling addict when he was still 16 or 17. But he must have already started to develop his love for betting at that very young age. It's unfortunate that his parents were not able to detect his interest in gambling. He should have been given sufficient reminder of its risk and danger.
Anyway, I don't think we can put the blame on a single party. We cannot entirely blame the victim here, his parents, the regulators, nor the gambling industry. It's not as if only one party has the responsibility. They all must have somehow contributed to the factors leading to the death of Jack.
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Lest it be misconstrued, CZ's reason why they don't impose a blanket ban on Russian users is not these: - Crypto plays a very minor role in Russian finances
- Implementing a ban won't change anything
- Crypto doesn't have anything to do with the invasion
- Russians are innocent and shouldn't suffer because of Putin's madness
- Crypto is not a good alternative to escape sanctions
- Crypto is easy to track and, therefore, not good for money laundering
CZ makes it appear as if their decision not to ban Russians in Binance is because of their commitment to fairness, freedom, or crypto. No, it isn't. The truth of the matter is that CZ is not imposing a blanket ban on Russians because there's no legal order to do so. Such sanction is not in place right now. Should there be one, however, or "if governments introduce new sanctions that include off-boarding users then we will apply those aggressively as well." [1]Be warned!
[1] https://www.binance.com/en/blog/leadership/ukraine-russia-sanctions-and-crypto-421499824684903532 |
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China has probably more important roles to play in the implication of this invasion than it may seem. While many think that China reaching out to Russia will not greatly diminish the effects of the sanctions imposed by the US, the EU, and their allies, it is clear how these sanctions are actually pushing Russia toward China for damage control. And China is more than willing to embrace Russia. China is clearly showing that she's on the side of the enemy.
There's the offer of UnionPay in lieu of Visa, Mastercard, and others. There's the CIPS system in lieu of SWIFT, although it might prove to be very challenging. There's the lifting on the restriction of Russian wheat imports. In line with this, there's the offer to import more wheat, barley, sunflower oil and other crops and agricultural products from Russia to counter the effects of the sanctions.
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I'm afraid you are not properly explaining what a fact and a truth is. Although there are various philosophical propositions on what a fact or a truth is, basically, both fact and truth are not processes.
As regards fact, "it is the fact that almost every country in the world deals with crypto currencies..." is not actually a factual statement. You are not stating any fact here. You could have said, "on March 12, 2021, the Nigerian parliament passed a bill that bans Bitcoin in the country." Now, that's a factual statement. Whether it is true or not is a different story. It will have to be verified. If somebody went to the parliament secretariat and checked the records and confirmed that indeed such a bill was passed on the day mentioned, then such statement is a true statement. There's the truth.
Anyway, however we treat Bitcoin is more or less subjective. If you think that Bitcoin is for gentlemen, then so be it. Others think that Bitcoin is for criminals.
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The case of inflation has always been present ever since the current fiat system is in place. But, is Bitcoin really the supposed solution to inflation? I don't think so. While Bitcoin's fixed supply is obviously a design which particularly protects the people from the continuous debasement of money due to abuse or indiscriminate printing and injection of new supply to the circulation, it was never a guarantee that the price value of Bitcoin will always move upward. After all, Bitcoin's price is solely determined by the market.
Also, you cannot expect Bitcoin to address the current problem of a different system just as you cannot expect the mechanic to address the problems faced by physicians. Are we a Bitcoin economy? No. Is our existing economic paradigm parallel to that of Bitcoin's standard? No. Are the world's population, companies, governments, and others living according to the principles of Bitcoin? No. We are living in a fiat world, so why are we surprised if we are facing fiat problems?
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but Russians don't have to panic as Binance has clearly stated that they wouldn't be implementing a ban on Russian users. What they stated was that they were not going to ban the entire country at the moment simply because the Ukraine government asked them to. They have not and can not rule out banning Russian users in the future. They already ban specific users, and could ban more individual users at any time. The Ukrainian government have also they are pursuing legal action to force Binance to block Russian users. If faced with a choice of removing service to Russia, or having their operations restricted across the rest of Europe, North America, Australia, etc., then it is obvious which one they are going to pick. Yes, of course. As a matter of fact, Binance has made it clear that what it will not implement is a unilateral freezing of Russian accounts, which means that Binance will never issue a blanket ban on Russian users on their own. However, with a legal order, Binance is more than willing to comply and impose sanctions which may include a blanket ban on Russian accounts. In the words of CZ himself, "Binance follows international sanction rules strictly." Furthermore, "Binance applies the same sanctions rules as the banks, according to international standards." Therefore, "if governments introduce new sanctions that include off-boarding users then we will apply those aggressively as well." [1]
[1] https://www.binance.com/en/blog/leadership/ukraine-russia-sanctions-and-crypto-421499824684903532 |
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To a certain extent, if you are a newbie, it is none of your business to play with altcoins. That's like playing with fire. That's actually courting risk. Altcoins come and go; they're short-lived. So if you are a newbie, go straight with Bitcoin. Keep it while learning the dynamics of the bigger crypto market. Sooner or later, you'll understand how the market works and may experiment with altcoins. However, perhaps generally, even among old-time crypto fans, new projects don't bring much excitement anymore. As you've said, most of them are only created to farm dollars.
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European Union is on Track to Ban Bitcoin Here's the latest: "EU Parliament Monetary Committee to Vote on MiCA Next Week. Wording that would have banned proof-of-work cryptos like bitcoin has been removed." "An independent topic of proof-of-work is no longer provided in the MiCA," Berger told CoinDesk, confirming his promise to remove language he had previously called a "de facto" ban on Bitcoin. https://www.coindesk.com/policy/2022/03/07/eu-parliament-monetary-committee-to-vote-on-mica-next-week/Bitcoin mining is turning green.
That ridiculous. Hashrate of BTC is growing. BTC is not green. Greedy BTC miners are carbon terrorists! BTC is environmental menace. I hope we could find a totally objective and comprehensive data on how green or not Bitcoin mining is. So far, anti-Bitcoin could cite data that would serve their purpose while pro-Bitcoin could also cite data that would serve theirs. On the other hand, pro-Bitcoin has been arguing that its energy consumption is somehow justified because that's the way to make sure transactions are secured and are impossible to tamper. In the same manner that tumble drying, which has a higher carbon emission than Bitcoin, is justified because it's the most efficient way to dry clothes.   https://twitter.com/DocumentingBTC/status/1500919244229390342/photo/1 |
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Yes that's right, I'm looking for someone who can help because I can't accept anymore what they did to mee so fare.
I want to get this out of here, but unfortunately I don't know how I can take it out. When one or the other call me that he wants to help me but i have to pay (755.000 Forints) and than i can withdraw it.
the other said that anyway I will be able to take it out in 3 transactions and that 1 transaction "it will be good 1.500€"? He asked me!
I'm not a millionaire, anyway why should I pay such sums to get back my one money?
A lot has been already stolen!
This is all I have, but they want to give back just a part of it if I pay 755.000 HUF. I'm not sure if I get what you mean, but please don't trust people who suddenly reach out to you out of nowhere and offer help for a fee. Even if they introduce themselves as official representatives or staff, for as long as they offer help for a fee, don't trust them. Communicate only through official sites, emails, phone numbers, and so on. Do not ever send money to anybody in order to withdraw your own money. That's a clear sign of a scam attempt. |
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~snip~
That is why I said that I used the word escrow for lack of a better word. In a court system, people sign contract outside of the court, without any judge being involved. If and only if there is a dispute, then one party will bring the contract to the court for a judge to make a ruling. So I guess that "judge" would be a more appropriate word for what I am talking about. Say Alice and Bob enter a contract, create a multi-sig from which any 2-of-3 can spend the funds, i.e. Alice, Bob and Charlie, where Charlie is a judge. Alice and Bob sign a contract (with pubKey) and agree that Charlie will be the arbiter if a conflict were to arise, then send the funds to the multi-sig. Meanwhile, as relevant, they sign their communication. If everything goes well, Alice and Bob cooperatively move the funds as per the contract. Only if there is a conflict, then either Alice or Bob can hire Charlie, provide him with the contract, the signature and any other relevant information for Charlie to make a decision. Charlie can then co-sign the transaction to enforce the contract. Unlike with traditional escrow, Charlie does not need to know about even the existence of a contract, unless there actually is a conflict to resolve. Also, Charlie cannot steal the funds without the cooperation of Alice or Bob. Each judge set his own rules, expertise, etc. For example, he may offer to rule on weather or not a transaction has happened on some blockchain, allowing cross-chain swap without having to implement atomic-swap programmatically. In case of hiring someone to write some code, a judge could specialize in verifying that the work has been done, or assessing how much of the work has been done. It can easily get much more flexible, but I don't want to risk adding confusion.... at least yet. I hope that helps clarifying. Yeah, I actually got your point. I know that you need an arbiter or a judge. Again, I'm not sure if there is a particular user in this forum who is offering such service, unless perhaps if you personally communicate with some and offer this job. There are probably users here who will welcome such task. Royse777 here is now coming forward. But since you mentioned about expertise, the chosen arbiter should be carefully selected according to the specific transaction so as to arrive at a fair and objective judgement should there be a conflict. |
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I apologize if it's a stupid question, but how exactly can exchanges ban fiat withdrawals for Russian accounts? This would mean that all exchanges have KYC of their customers but this is not always the case.
By the way, are there any crypto exchanges based in Russia? Is there a list somewhere? It's either they would use the KYC information they gather from users or by way of IP or they would remove the Russian ruble as a fiat option altogether. Last I read, Binance accounts for the largest crypto to ruble and vice versa trades. The exchange implements mandatory KYC to each and every user, but Russians don't have to panic as Binance has clearly stated that they wouldn't be implementing a ban on Russian users. It would be a different case for individuals who are specifically targeted by sanctions, though. Anyway, I can remember Livecoin was based in Russia. But it's not active anymore. YoBit used to be based in Moscow as well. But I think they've already moved their headquarter to another country. I think Waves Exchange is still based in Russia until now. It is interesting to note that in the middle of this invasion, Waves, I'm referring to the coin, has more than doubled its price for the past days. The volume has also almost doubled. As a matter of fact, even with the entire market currently soaked in blood, Waves has registered almost 60% in growth for the past 24 hours. I reckon the demand of this Russian-based coin is generally local. |
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This is just one of the consequences of this unnecessary invasion. But I suppose this is one of the milder impacts. While this is also significant as it involves revenue and sports economy, this proves small compared to the destruction of lives and properties and Ukraine's economy.
This proves that Putin's mad call has tremendous effects on all aspects of life. Not only are people losing life and limb, homes, jobs, properties, they are also losing livelihood, education, and leisure. Their entire existence is shattered. And for what?
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Bitcoin mining is turning green. But the point is, what is not an environmental menace nowadays? Your food is an environmental menace. Your clothes are an environmental menace. Your gadgets are an environmental menace. Your house, furniture, car, bicycle, lamp, carpet, and everything else are an environmental menace. Your hobby is an environmental menace. You know what, humans are an environmental menace. But, again, Bitcoin is turning green.
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You may not want to discuss or hear about it, but I strongly advise against using a VPN regardless of which gambling site you use. There is a reason that you are banned from a gambling site. You will not be blocked for no reason. Did OP even mention that he/she was banned from Stake? I think he/she is simply looking for a new gambling site. Perhaps to have a new gambling experience? It's fun to be gambling from one casino to another. Highly suggest that you don't use a service with a VPN given that it will potentially mean a lot of trouble if they ask for KYC. Exactly. I won’t support OP to continue using VPN anymore since I have read and witnessed a lot of cases here that have had no conflicts in the beginning but still ended in despair because of using such. The use of VPN is not illegal. And while it is a case to case basis, gambling casinos do not completely ban VPN use. By using VPN services, gamblers are not automatically violating casino terms and conditions. I guess in most cases it becomes a violation because VPN is being used to avoid being detected that a gambler is playing from a blacklisted or restricted country. The latter is the violation, not the use of VPN. |
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There are many trusted escrows here on the forum if you use the search box or magnifying glass above you can find them. Anyway, I search a list of escrows but last updated January 2021 you can check them from this link below - https://bitcointalk.org/index.php?topic=276897.0That does not fit what I described. The escrow providers in that list must be involved even when there is no dispute, take custody of the funds, and charge some fee regardless. I used the word "escrow" for lack of a better word, referring to a third party signer for enforcing arbitration. Thanks for the link though! I don't quite understand you. What do you mean "escrow providers in that list must be involved even when there is no dispute, take custody of the funds, and charge some fee regardless?" Of course, the escrow will be involved because he/she is the one who holds the funds and executes the agreement of both or all parties. I'm afraid you cannot find, much less hire, an arbiter here. I haven't heard of a trusted member here who is only offering arbitration services. Escrows are already arbiters so to speak because they will decide where the funds go should a conflict arise. But the escrow's decision is based on the contract agreed by all parties involved. It would be much more efficient to hire an escrow-cum-arbiter rather than hire a separate arbiter and a separate escrow. But you cannot anymore apply the no work, no pay condition because by just merely keeping the funds, there is already a certain fee. |
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