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I think these ATMs are a legit way to deposit change and get BTC in return. I am not so sure if I would want to withdraw or transfer money using one of these machines though. No matter the atm there needs to be AML compliance in some shape or form. I guess my next question would be how much could you deposit at once though to make it look like you are laundering money?
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I'm getting antsy watching this one slow roll out
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this will be cool to give a go. I want to see this cMix protocol behind the scenes
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It would make sense that if countries already has AML regulations in place for fiat wouldn't they want to do the same with any currency? I know it varies country by country but I think it's going to have to be necessary to have something in place and firms like ciphertrace in place to help with the proper technology for crypto
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I think the overarching value of bitcoin and cryptocurrency is teaching us all how to run and rebuild a community that truly works together. Rather than us all being sheeple following a government or a select group of people it's us reformating the way the world should work: collaborative
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You said it right. It's transparency that we need especially if the transactions are already on a public ledger why wouldn't we want to explore transparency of illegal movements of money? Especially if there are cyber security companies that work to do this that are pro-crypto. They aren't trying to take down the system...... just take out the bad guys |
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Bonding and staking in PoS systems. Or putting your crypto up as collateral.
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I honestly think there will be AML regardless of whether people want it or not. There has to be common stomping grounds between the public and different governments. I hope privacy coins will stay around but honestly the compliant blockchains are going to be the ones that persevere through the years
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I appreciate CryptoLark and Jackson Palmer because of the value they provide
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I've used Binance for some time and I really like it. I also appreciate their recent compliance partner announcements with Ciphertrace and IdentityMind for AML and KYC which I don't think enough exchanges take advantage of .
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Polish crypto exchange Coinroom has disappeared along with customers' funds. Their website and all social channels are MIA as well. Ciphertrace reported that in Q1 of 2019, over 356 million dollars from cryto exchanges were stolen which were all visible losses. However in this case the total amount of funds remain unknown which ultimately means that there are even bigger losses at hand than just the 365 million which is insane. I am really disappointed to have to keep hearing about these types of exit scams. What do we do? https://www.thecryptoupdates.com/crypto-exchange-coinroom-disappears-with-customers-funds-website-offline/ |
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I would say Berkeley and Stanford which makes sense because they are in silicon valley/tech world
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I think it all boils down to open mindedness. Some people are more prone than others to be willing to change and explore the unknown. Some people prefer to sit in comfort because of fear. They believe that what has been will always be rather than evolve
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I would like to know what everyone's thoughts are on the blockchain DNS that I keep seeing. I believe there are a handful such as .eth and .zil through companies like unstoppable domains. To my understanding you have this address that can accept a handful of currencies.
This seems cool for people who want to be public. Good mass adaption option for a wallet?
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I think it's really interesting how many people are not only learning about blockchain technology but also finance for the first time. Bytom will be a really neat application to have all types of decentralized finance on the blockchain
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It is good idea. However, it is wrong to think there will never be censorship. I believe regulation will happen within decentralized communities... not by government, not by Centralized authorities.
There will be rules and anyone who violates them will be automatically detected by bots and penelized by neutral mods.
A wrongly censored post can be reported and sent to some sort of investigative section where it can be transparently looked into with evidences/references by randomly selected mod. The mod will score the post based on the rules it is reported to have broken.
The Rules will be numbered, (more like Ten Commandants) and the Mod/investigator will score the post by ticking which rules it breaks.
The public can also have access to the deleted post to see it is scored correctly. Investigator can be removed or retained based on all their total scores accuracy.
In the end, we will have a nice self-regulated community that is fair & transparently regulated and everybody will be happy
Is that similar to how Reddit mods work? I wonder if there would have to be some voting system set in place |
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Haha I can definitely see that happening and have a feeling this might already be happening especially in places like Japan. It's an interesting thing to think about... which jobs will be replaced with robots and which can't be replicated.
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I really like both of those ideas. I also think it would be wise to include some sort of AML compliance software or tracking. I only know of ciphertrace because that's Binance's partner
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Mixers were always the grey area in the crypto discussion. Their prime intention being hiding where the money came from. There would be no other use of hiding your source if it's not black money. Mixers are used as a tool for money laundering and are a headache for law enforcement agencies. We would be seeing more crackdowns in the future. I agree. The reason for mixers is to hide illegal movements of money. The government sees that and AML compliance firms like ciphertrace are on the lookout for the sources. |
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