Most of the scam because of Ponzi & Fake ICO.


Not everyone have the same knowledge & experience with other people, and everyone not always coming on bitcointalk.org before they know about the cryptocurrency or bitcoin. They started visiting google finding new article, the capability went they learning also not same everyone can learn fast & understand the other people can slowly to learning & understand so they need to make sure with someone who have more knowledge with him.

For example like me, if you want to see my profile i have some gap activity went i register to bitcointalk forum. With the gap around 9 months, it that times i learning cryptocurrency and other relating topics about bitcoin with my group telegram went we looking mined altcoin. Then went i comeback to bitcointalk i already have basic knowledge about trading, investment & scam attempt for some project/platform.

I agree on uniting and calling out liars, but such characters as Craig Wright don't even deserve the attention. Nobody in his right mind would believe this lune. esp after hearing his arguments. He lied to the judge, that's when he should really get punished for his claims

People talking about BTC is just looking another hype bubble, not true adoption. What we need is for them to actually use it.

Blockchain, while baing a secure system, does not outperform centralized databases, and is not always a viable option for businesses to use. It requires more processing power, and therefore more cost, because of intensive cryptographic hashing and chaining.

If I'm not mistaken there is a board here: Scam Accusations. A lot of forum members are contributing in exposing those scammers and I see comments as well on how not to fell for this trap. So I'm not sure if that is one board, besides B&H that you are looking for.

I think aside from Germany China wants to regulate the cryptocurrency in their country If the demand for cryptocurrency increases in every country this is often excellent news for Bitcoin. Bitcoin prices and demand will both increase If all countries spread the crypto then its transactions would be much easier and banks could easily control the cryptocurrency. within the future all countries of the planet are going to be considered a well-liked currency.

actually this has been done. some people have interfaced with projects that exist today. in addition, until now it seems clear scam projects are also easy to know. some projects that are not known to be scams sometimes scam when they have run their concept so that it is difficult to detect. however, until now, many people continue to look for the odds of a project like that, I appreciate them.

I don't necessarily have a problem with this, but my gripe is that KYC isn't for transparency at all; it's for accountability. It's a requirement set by regulators, so it's not like providers are requiring it just for the sake of having your data. Also, as far as reciprocality goes, isn't it reciprocal that regulators are also asking company heads for their personal data? For as long as a business is legitimately registered, you will have access to all the information you need for a lawsuit (which means they can be held accountable) -- that tells me that provider transparency or reciprocality isn't the problem with KYC, unless your solution to private data being mishandled is doxxing them.

If the problem is that providers are able to get away scot-free from mishandling data, then way I see it, there are two simple solutions: 1) abolish KYC entirely -- meaning providers won't have an excuse to ask for our personal information anymore or 2) stronger data privacy laws -- impose penalties that will actually make providers think twice and thrice about being reckless or doing anything shady with customer data. We know KYC won't be abolished, but we can actually urge lawmakers to pay more attention to data protection.

I see where you're coming from though. I personally stay away from KYC unless absolutely necessary.

It is a long process and Malta does not realize at this point how far ahead they went (compared to other countries) and what advantage they can gain with trading crypto.

In this scenario use your common sense.

I'm fine doing it with somewhere like Coinbase. It's not great but at least I know they're vaguely competent.

I would not be fine doing it with some piece of shit airdrop on here or any shitcoin exchange.

As for them giving you their details, that ain't happening.

So we think that China, the government with the most oppression in the world which spys on its Citizens through the usage of a points system and biometrics on a daily basis, is going to lead the way on digital currency adoption? Hell no, that's bullshit.

China wants to use this to spy on their people even further. The ONLY current way that people are able to skirt the governments eye is by using cash, but you can't do that if the country forces you to use, then they're going to continue to spy on the people. They're going to push cash out of the economy because you can't spy on cash but you can SPY on digital cash.

I am damn against this type of banks holding your crypto for you thing. They did it one time before with fiat and now they are literally holding less money in their vault than the money they say they can give out, just to give an example there are banks with 1to9 ratio where they can hold 100 dollars but give 900 dollar loans instead, we do not need that with bitcoin at all.

Think about it they will show your bank account with 1 bitcoin but they will have 0.1 bitcoin instead, is that something you would want to happen? Right now if everyone in the whole world with money on their bank accounts went and tried to withdraw it, eventually banks will not have enough money to give it, it is basically a big ponzi scheme, bitcoin can't be like that at all.

Well, avikz's list is a good start, but what interests me the most is what they'll do with my data:

• How is it stored (which medium, firewalls, unrouted networks, which database vendor, which OS,...)
• Where is it stored (which countrie(s), where do they keep their backups, is there a guard in the datacenter,...)
• How long will it be stored (x months after transaction, forever,...)
• Who will be able to access my data (all employees, certain employees, only the person in charge of KYC, partners of the company, anybody giving the company money, everybody in general, a 3 letter agency without a warrant,...)

I'd like this info from every company i give my info to... And it should be verified by a trustworthy thirth party before i believe anything they say.

Far to often i've heared from companies that keep sensitive data in a web accessible relational database on an unpatched, unfirewalled system... I've seen companies keeping their backups on a public accessible ftp server (with an old, vulnerable ftp daemon). I've even seen companies that had backupsets that were available on their website (backups taken with phpmyadmin into a remote accessible path that were not moved to safety after the backup had run).
In these cases, it didn't even matter if you knew the legal name of the company. Sure, you'll have someone to drag to court, but the harm has already been done. I'd rather not have to sew a company than getting some money from them because they lost all my private information and it's now for sale for a couple bucks on some darknet marketplace forever....

KYC:
Seguro aquí muchos dirán vamos que es muy básica, pero estoy seguro que muchos que empiezan ni idea.

KYC por sus siglas en inglés significa Know Your Customer.

Función: Queremos conocer tu informaciòn, es requerimiento que para retirar, depositar o hacer transacciones en algunos exchanges, wallets debas aportar informacion personal, copia de pasaporte, telefonos, etc.

Tema escabroso para algunos usuarios, sobretodo en bounty, airdrops ya que como condición para mover los tokens es requisito el KYC.

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

Aside from Japan & Switzerland where cryptocurrency movement is really strong and expanding, I am expecting that South Korea can be the next one for this trend. Though we are generally wary about banks getting into cryptocurrency I am still considering this as a good news because this can help this industry spread to as many people as possible. We have to admit that people are still trusting banks (even if we might refuse this fact) and so banks can therefore be of big help to convince more people to invest with cryptocurrencies. Banks are for profits and generally they want to deal with anything where they can be making money and where there is clearly a good demand. They are seeing it with cryptocurrency. Let's see and watch developments on this thing and whether this trend can be catching up fire and spread to many other countries as well.