interesting... opening merchant accounts under shell companies to process transactions for something completely different than what your merchant application says is a felony, yes? lots of shady operations used to do this back in the day until they started cracking down on it
Thats not what he said! He only said mention something different to the BANK when opening an account. Nothing shady about that, lots of companies are doing that including myself. Most banks even advice companies to make a global description about your company to avoid problems. For example they dont like adult companies so most of those companies open an account saying they have an internet company. It isnt a lie, its just not specific! Secondly he doesnt say the merchant account is from the same bank. Most of the times merchant accounts are provided online through secondary parties and secondary banks...For example most banks in Holland dont even have a merchant department because nobody uses creditcards here only when they are forced when for example they go on holiday and need to book a hotel. 90% of europeans doesnt have or doesnt use a creditcard! Actually, he did say that. Applying for a mid as a software company when you're really using it to process crypto currency purchases is not the same thing... why do you think he even said it like that? No low/regular risk merchant accounts will approve that shit because of chargebacks. mis-coding transactions and lying on your merchant application is definitely not "legal". If the card companies find out that you are doing this they will kill your accounts instantly. I put "legal" in quotes because I just don't know if it is a heavy fine levied by the card companies or a felony now. The adult industry has been doing this for years and it finally got cracked down on because of cross-sales and other misc. bullshit they pulled. He did not mention MID, he only said "apply for a bank account" and later on "so we can get creditcard up and running". At least that is what is mention in the email links posted in this topic. But indeed if he does try to open a mid and lies about his transactions then its a matter of time before they get closed, probably faster then he thinks as they will check his server ip address and all sites hosted on it.. But maybe i just dont see it as shady as i really hate the rules of the creditcard companies...who are they to tell what customers can and can not buy or what merchants can and can not sell... if its only a chargeback problem then just ban merchants who have to much chargebacks or let them pay for all costs...what they do now is assuming you have lots of chargebacks and therefor ban you upfront...it doesnt make sense... banks don't care what type of business accounts you're opening... they only care when they issue you a mid. i'm 99% sure that is what he's referring to there. the problem for him is that this isn't 2010 anymore. the russians in the rx industry fucked that mis-coding trick up. not saying i disagree with your last point but it is what it is and those are the rules of the road now. if he's risking this, after already getting shit on by stripe, to set up cc purchases because they're not liquid then he is a certified moron. if all of those emails are legitimate he is by far one of the stupidest motherfuckers to grace the internet. Yeah thats true i agree with you fully! Oh but banks do care bye the way. I was banned by all dutch banks when i said i had an adult company. I also got banned when i told i have a business related to bitcoins although that last one was 2 years ago. They said (Rabobank/ING/ABN/Fortis) that bitcoin was bad for their brands as it is mostly used for money laundry and they cant see where the money is coming from. That basically is the whole thing why bitcoin in its current form will never be accepted by the mass. what if people get their salary in bitcoin. goverments cant calculate who and what people get and how much taxes they have to pay...and much more things like that...so they will never accept it. as from the adult part. banks dont want their names connected with adult. That is also why hookers, which is a fully legal job here, dont get a bank account... and yes its really strange, my adult company is fully legal as well, still all banks and all creditcard companies say i cant use their services because my content is too extreme  So basically my only option is to fraud! |
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interesting... opening merchant accounts under shell companies to process transactions for something completely different than what your merchant application says is a felony, yes? lots of shady operations used to do this back in the day until they started cracking down on it
Thats not what he said! He only said mention something different to the BANK when opening an account. Nothing shady about that, lots of companies are doing that including myself. Most banks even advice companies to make a global description about your company to avoid problems. For example they dont like adult companies so most of those companies open an account saying they have an internet company. It isnt a lie, its just not specific! Secondly he doesnt say the merchant account is from the same bank. Most of the times merchant accounts are provided online through secondary parties and secondary banks...For example most banks in Holland dont even have a merchant department because nobody uses creditcards here only when they are forced when for example they go on holiday and need to book a hotel. 90% of europeans doesnt have or doesnt use a creditcard! Actually, he did say that. Applying for a mid as a software company when you're really using it to process crypto currency purchases is not the same thing... why do you think he even said it like that? No low/regular risk merchant accounts will approve that shit because of chargebacks. mis-coding transactions and lying on your merchant application is definitely not "legal". If the card companies find out that you are doing this they will kill your accounts instantly. I put "legal" in quotes because I just don't know if it is a heavy fine levied by the card companies or a felony now. The adult industry has been doing this for years and it finally got cracked down on because of cross-sales and other misc. bullshit they pulled. He did not mention MID, he only said "apply for a bank account" and later on "so we can get creditcard up and running". At least that is what is mentioned in the email links posted in this topic. So that can also mean he just wants to open a bank account (his current one is suspended) as that is needed to receive funds from his merchant account...its possible he already has an active mid.. But indeed if he does try to open a mid and lies about his transactions then its a matter of time before they get closed, probably faster then he thinks as they will check his server ip address and all sites hosted on it.. But maybe i just dont see it as shady as i really hate the rules of the creditcard companies...who are they to tell what customers can and can not buy or what merchants can and can not sell... if its only a chargeback problem then just ban merchants who have to much chargebacks or let them pay for all costs...what they do now is assuming you have lots of chargebacks and therefor ban you upfront...it doesnt make sense... |
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So whats the buzz lately - was awol for a while and I just couldn't be bothered with the lies and bullshit from josh.
still the same, even worse  |
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interesting... opening merchant accounts under shell companies to process transactions for something completely different than what your merchant application says is a felony, yes? lots of shady operations used to do this back in the day until they started cracking down on it
Thats not what he said! He only said mention something different to the BANK when opening an account. Nothing shady about that, lots of companies are doing that including myself. Most banks even advice companies to make a global description about your company to avoid problems. For example they dont like adult companies so most of those companies open an account saying they have an internet company. It isnt a lie, its just not specific! Secondly he doesnt say the merchant account is from the same bank. Most of the times merchant accounts are provided online through secondary parties and secondary banks...For example most banks in Holland dont even have a merchant department because nobody uses creditcards here only when they are forced when for example they go on holiday and need to book a hotel. 90% of europeans doesnt have or doesnt use a creditcard! |
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lol, that cant be a coincidence, everytime the market goes down to fast they come up with an announcement
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How much value you need to spend on purse.io to increase discount?
Its based on transactions...each five transactions brings you to another level i think. i currently have level 5 for buy side...can buy upto 1000usd at once...so im not really sure what the rules are for selling although i think they are the same....i mostly use them to convert my giftcards into btc |
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the wall at 0.0045 is very close...if that one breaks down (luckely its a big one) buy support will be almost vanished |
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why not just use purse.io instead?
If you create account you will see that they offer 8% discount Thats only in the beginning. The more transactions you do, the more trust you get. I currently get till 25-40% discount! Secondly the buyer also pays for shipping costs |
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why not just use purse.io instead?
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yeah true but in able to sell he needs some volume as well...so selling to himself creates that.... also only 10btc needed to pump it up 20%/25%, if he sets a new wall there he gets more value for his coins... i noticed evertime someone bought like 0.4 btc then immediately a new 0.4 sell wall appeared and also a lower bid with around the same amount...you could clearly see it was a bot... but who knows...maybe you are right or maybe it isnt josh at all  But that josh guy already has millions...why he would care about some pocket money...if he really is in trouble he probably just rans away or let the whole company go down |
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Some major stuff happening on the exchanges right now. Josh has gobbled up about $20,000 worth of bids, bbroke that ~8,000 XPY wall @ .0050 and it is looking pretty grim.
P.S: The biggest recipients of Welfare in the USA are Corporations. The peanuts they throw to everyone else is just too keep people pacified as they rob this country blind.
he is buying and selling to himself...its all bot work when you look at it closely. buy wall eaten, sell wall immediately smaller as well and everytime the same orders show up and vanish in the orderbooks. but seems indeed some people getting scared and start selling as well? |
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If this really help.. 50k NAV from me and you have 100K NAV reward
hehe bigshot i cant offer that with my balance but i raise mine from 10k to 35k, so 125k nav total reward |
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i will donate 10.000 nav bounty as well
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they are already busy with an explanation update of the whitepaper... |
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At this rate we see 0.01 today again lol
Unfortunately for the faithful Homero has real expensive lawyers and bodyguards and an expensive lifestyle to finance and the only source of income GAW/Homero now has is selling XPY... ok but why price still goes up then or is this pure manipulation? hehe |
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At this rate we see 0.01 today again lol
Unfortunately for the faithful Homero has real expensive lawyers and bodyguards and an expensive lifestyle to finance and the only source of income GAW/Homero now has is selling XPY... ok but why price still goes up then or is this pure manipulation? |
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At this rate we see 0.01 today again lol
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you already bought or you are going to buy? anyway welcome to the nav community! |
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shahim or package need to answer that... as i cant i dont have any problems staking...at least last time i tried which was yesterday...will open my wallet and see if it stakes correctly here And its not only that problem also Wallet crasshes a few time per day and the wallet needs to be lite its using heavyy mass of Ram i got ram8gb and i7 still the wallet needs to be liter i hope at least the wallet will change this is stupid crashing is fucktupp i cannot sit 24hours on my laptop to restart wallet when crash :S yeah true i understand. i never had a crash myself, but i have it running on a regular pc which is probably a hell lot strong then your laptop hehe... but good suggestions are always welcom..maybe best to contact package through the slack channel |
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