The good thing about KYC is that it does track a money laundering, but to what extent is unknown to me because I have little knowledge in this field. But it does peg your exchanges to your name and thus allow the taxations to come in. Taxation is a necessary evil. In order to let the economy run and the free government services in many countries, subsidies etc, tax money is used to pay for those.

The bad thing about KYC is the possibility of identity theft. This is mitigated by having newer systems where the exchange does not get the name of the user but only a yes/no from the KYC agent and the data is not being stored. Cyber warfare actually never ends, so its useless to be paranoid, you will get sick if you think too much here.

Now bottom line is that bitcoin is a decentralized system but we tend to bring in centralization in it because without it we cannot use bitcoin properly.

This is an assumption without proof and using this possibly false assumption some nocoiners have based conspiracy theories which again never became true. Thus it is largely possible that the assumption is false and the individual conspiracy theories can be debunked easily using other logical reasoning.

Another wrong use of words to point towards a central control of bitcoin. Miners never controlled bitcoin. They have only been the agents with the power to mine the block and secure the network using their device's hashpower. For that they get a block subsidy.

I am sure they can recover but some people need professional help in recovering and staying on the right path. If you have been able to control yourself with time and kept your playing habits to much less what you had at one time then congratulations to you. But not everyone can do that.

Anything said here is partially true. Because this addiction is more on a subjective level. We rarely see the extreme cases on these forums. Because ones who ended up coming here sacrificed their account for a last ditch loan attempt and then never came back or sold their accounts.

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No sure what you mean by level here?

Thats the job of the people who write the DSM5 or 6 and ICD books.

That is a part of trading. Everyday is not going to be profits all day long but a mixed bag of profits losses and so on. A trader needs to cope with all these situations and not be going on with what happens today to stop trading. It is a game of nerves and perseverance.

The world markets all went down with crisis. They will recover with time and so with the crypto markets. There is no need to panic here. Just avoid trading at this time.

Freelancing also has its ups and downs. A stable job is always better than freelancing, though as a secondary side job it is good as well.

Of course there are new projects everywhere who are having nothing to develop on forcing a wannabe developer to churn out something when they are gambling on the devs effort to create something unreasonable. It is the situation with every other zero public discussion type thread in this forum. If you want some serious attention from legit developers post about your project here and your budget first instead of asking people to PM you.

Thank you for allowing us to troll you.

The moderators of these sections is "Moderators: mprep, Welsh" - so if your reports are being left unhandled you can message them once. Dont overdo it because they are already busy with a lot of work here. If they still remain unhandled then rest assured you have done your responsibility.

If a thread need to be trashed moderators will decide. It is not your decision even if you think it should be done.

ANN spammers have been here since a long time so just keep reporting the posts, eventually the thread may get nuked when enough reports have lined up.

About this, if you can find such service providers in the forum then posts about it in the "Reputation" section for DT members to red tag.
Deals being done outside the forum are beyond the jurisdiction of the forum because it might be a clickbait to smear some innocent member's reputation.

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Dont become too passionate about what needs to be done and what not. You will end up wasting too much time. Just report posts that you feel are low quality. Dont overthink.

It that just your own thoughts being projected as everyone's thoughts?

Accepted that paper money is dangerous now but you cannot expect people who have never used crypto to start using it in a time of crisis. Heck many countries dont even accept it a real currency. Things will get better only after this crisis ends and not during it. But maybe in future times of disasters we will see better usage of bitcoin.

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You cant even spell the name of the virus correctly. Do respect the enemy.

Thats the thing. The project developers fail to deliver anything within stipulated time and thus the hype drops off pretty soon. If there is nothing being developed there will be nobody buying the tokens because nobody hopes it to go up. Investors look for that only.

Bounty is not the point here. Bounty is supposed to be a rewarding system for the ones who try to promote the project but if there is no demand for the product even a high value bounty is actually useless after an initial run.

Thats a good approach. But do you have the skills to analyze the market?

Let me show you properly. When you start to learn how to read indicators and predict the market based on technical or fundamental, you will find out that even though you are putting in your best efforts you are get a 50-50 win chance. Then the thought that will enter your mind that you should just sell your analysis to others to make money instead of using it to lose 50% of the times. Got my point?

True that they will not stop campaigning. But you can always play at your own private place and not let anybody know. Thats why cryptocurrency is there and there are online casinos to cater to the type of games that players wish to gamble on. It is indeed going to make your skin crawl if they shame you in public and believe me it is not something that anybody wants. So in that case you should just stop playing for some time and keep in mind that smear campaigns will run out with time because carry no proof and are just fake accusations.

If they do have a proof of your gambling habits then you are in trouble. But such extortionists are rare.

There are not that many jobs with full time crypto salaries. Some are half fiat half crypto and some are only fiat. You have to give a salary in the form in which your workers are able to buy their groceries quickly and not be prosecuted for that.

I am not sure you understand correctly. Blockchain is the technology behind bitcoin. There is nothing called replacement here. Something new may come one day but that is still ages. Still one can keep pondering about it and never actually make any profit because they were too engrossed thinking about what happened in the future.

It is possible that they bought bitcoin without the thought of keeping it as an investment. Rather using it for buying/selling stuff. It is a currency or a mode of payment.

Holding is the only thing that they can do. Unless they want to sell at loss and exit this unending cycle of anxiety and depression. The second option is actually not a bad thing to save one from the mental trauma. There were people who had taken loans to buy coins at that time and are still unable to pay back. Some of us are lucky to not have been a part of that.

It is not as easy as you say. Would a project trying to set up their coin in the competition want to collaborate and if so who would they collaborate with? They will have to do it with another shitcoin project meaning increasing pile of shitcoin.

Dont compare this with companies running mainstream businesses. They are recognized and licensed to run with a legal support and they may wish to buy stakes from other companies. It is much different when it comes to crypto economy. Here it is like a wild west and will remain like this for a long time.

That is the extreme type of addicts. One end of the spectrum and not the complete spectrum. There are casual gamblers too how go to Vegas for a stroll and burning some cash at hand. But they dont expect to win and come back soon enough.

In the extreme variety, it does need professional help but lets not make that as a general statement because it is not. Rather it follows a bell shaped curve where the maximum frequency is for those who are occasional players. They play for fun and at the most need the help of their close ones to stop them.

In the real world people still consider bitcoin to be criminals money and something to be afraid of. You cant expect an established multinational company to be accepting and endorsing the use of such a currency. When this happens there will be a lot of chaos from mainstream and thus end up being a bad move for coffeeshops. Its like committing career suicide.

If the public mentality of bitcoin improves then only it is possible.

This changes with time. Currently people sold bitcoin because they need cash at hand to handle the situation. But when the times were better they were into investing more into it.

That site is a ponzi/MLM scam. Do not put your money in it anymore than what you have already done.

Cloud mining sites are all scams. There is no doubt regarding this. Maybe Genesis is partially legit but there is still questions about it.

The only legit system is to invest in mining companies have have real mining farms being maintained properly and which are actually running. Though the profitability of such mining clusters are often just going to break even for the money used to develop it. The risk is high here and since difficulty rises with more miners joining in, the less the rewards. Comparing it to current price situation it is even worse.

However these are not justifications for why this specific site stopped paying. It is more likely they are going to exit scam and start under a new name and fool another person like the OP.

But honestly they are more likely to scam you of your money. We have seen how nicely scams are done in this sector havent we?

They can show their faces and owners but then one fine day they will shut down operations and claim it to be a hack or death of CEO and wallets locked forever and so on. Nobody can really be trusted in the crypto economy. It is not that every time the owners are at fault. The authorities are also involved but that is not for us to talk about without proof.

Now you might say that such risks are in other investments too. But in a self-owned pawn shop there are other problems. In a way both have their own pros and cons.

True that. People see casino advertisements and winners testimonials of a huge lottery win but forget the fact that equally same number of people lost the ticket price and actually contributed to that person's win. It is a game or luck and because people like to play with their luck they want to gamble which leads to addiction.

Now most people are not aware of the bad effects of gambling because very few people actually show the debts that gamblers go into or the social problems of gambling. I am not saying that everyone falls into such problems but many do.

Just some friendly advice if you looking to meet in a coffee shop. Make sure you bring some hired goons (you read that right) with you nearby because there have been robbery incidents in view of such exchanges and thus they are considered less secure.

This is of course disregarding the virus outbreak, depending on how badly the lockdown is in your country and how you all are handling it. Not sure if you are actually following the news since you asked for an exchange here anyway.

And I would always suggest online P2P trades as superior to F2F because of the security and lack of physical meeting.

LOL are you nuts? You expect to make money so quickly then you have to find your own methods and that is not bounties by any chance.

Now I am not sure if you are referring to a bounty pool of 35k USD or an individual prize of approximately that amount. While the first one may be feasible but the second one is not possible in today's date. You should keep this thought out of your mind now and then decide what to do next. There are ways to make money if you wish and want to put your efforts in. Bounties are just meager rewards for participating nothing more.