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that is super exciting! I really like ocean protocol
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How would 3FA work? Would this be on the exchange or on the user?
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Out of the top 100 on CMC I would say Cosmos, Bytom and Zcash. All different and successful use cases imo
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I've been looking more into Bytom after learning about the project from a few crypto influencers
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Has anyone heard of Unstoppable Domains? https://unstoppabledomains.com/I feel like owning a domain name to your wallet with multiple assets is genius for adoption. I've been trying to decide what domain name I would want now lol I have seen this topic being created again and again in this forum, and I choose to believe that this is just an act of shilling a project which is not just cool, once a project is good and provide a real life value to the community, then I don't see any reason why that project needed to be drilled before people begin to know about it, this shouldn't be so, let's just be careful and think about what we are doing because it has the ability to cause a great change. this is actually my first time hearing about this project or just blockchain domains in general which I find interesting. At first I thought it was like a single wallet that links to other wallets but I want to try and understand how you can use it as a website domain name too. |
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I would say somewhere in Europe maybe Denmark or Switzerland? Total guess.
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I have a good feeling people are going to take really well to this project. Especially projects that make their lives more simplified and cool
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This report is not good for a young developing industry like crypto. It totally paints the industry black and dark. Fraud can't be totally eliminated as it is in other works of life, but this one must be drastically reduced to avoid bad stinks. Regulation-wise and Technology-wise, something must be done to reduce this.
I agree. I think that having a ledger that is technically public allows people to see even though there are transactions being made without the knowledge of what is being purchased, technology will always get better to prove that there will always be bad actors unfortunately. It's how we can stop them early on through these third parties that will help the large money losses |
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I'm not surprised at all, they seems to be following China's sudden U-turn. However, bitcoin can't be stopped, people will still continue to trade underground OTC so I guess Indian's government hands are full if they wanted to chase those traders.
But just imagine if bitcoin takes out in the next 5-10 years, what will happen to those countries who opposed it? Are they going to be left out in the closet?
That was what I was thinking too, they are going to follow a rule of control from other countries like China. |
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Considering how many Bitcoin believers (maximalists) there are, with their specific beliefs of how cryptocurrency should behave, it's becoming more evident that Bitcoin is a religion. After all, this popular movement of decentralized finance has impacted our lives one way or the other. The world has its eyes on the direction of Bitcoin as a digital currency which determines the path forward of Blockchain technology. According to Google, the term "Religion" means the belief in and worship of a superhuman controlling power, especially a personal God or gods. This becomes true especially when many Bitcoin followers believe that Satoshi is some sort of "god". Hence, if Satoshi would reveal himself to the public, many people will follow him. Nonetheless, what are your thoughts about this?  Just because someone is a celebrity does it make them a religion? Religion no, Blockchain replacing Governments yes. When I first read this thread I laughed a little bit but then I came across this comment and agree completely. I think we can choose to worship whomever we want but to call it an outright religion isn't necessarily true |
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If you think about it from a user's perspective I think there are different use cases who will want specific details. For the general consumer scalability will be key but in the interest of the crypto community people will want privacy especailly on their mobile device. that's why I believe this project to be promising because it obscures metadata for both payments and messaging
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Reading these responses it seems like for the most part people believe that where there is money there will always be fraud but what if this is a new type of money we are trying to spin up and create and run ourselves. My question then becomes is there a way we can add another level of security to help make changes to a broken system?
Why would we create a new monetary system that has the same old dirty habits?
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I am curious to see what will happen compliance of privacy coins because isn't this report just public ledgers?
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https://ciphertrace.com/response-to-fatf-on-vasp-regulation/Came across this response to FATF regulations by Ciphertrace how there is no identifying information other than the public cryptographic key of the address that controls these funds. That is a ton of money to just be locked out and unregulated. thoughts? I believe that the funds was locked out by an individual or a government, so I don't think it's our business what one does with their money since it's on the blockchain, maybe it is an act of money laundering, but who cares, I believe we have the blockchain for anonymity and this person or body wants their funds to be anonymous. I think we should talk about better things happening in the crypto space then monitoring people funds, it is even very possible that the coins are owned by miners who have been mining for years without spending their funds. That's a pretty fair assumption and interesting thought about the miners. I would love to know the percentage of hodlers in the space. My question then becomes do you think money laundering is fair if you are involved in crypto? |
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You think they are secure with their 2FA and passwords and all these captcha quizzes but in reality we are all being tricked with what information they know about us
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Interesting. I think in the near future this will be catalyst to:
- Higher demand for DEX since you won't have to submit KYC in these platforms.
- Higher demand on privacy coins like the ones article mentioned, Zcash, Monero, etc (so, in a way, this "news" is kinda bullish for privacy coins?).
Maybe in the future these agencies will start a full crackdown on privacy coins and decentralized exchanges. The system won't give up until they can completely crush the concept of 'anonimity' and 'privacy' in the crypto sphere.
I can see where you are coming from and how this sort of situation might make it a catalyst to both a dex and privacy coins. I think people within the community are already pushing for privacy coins but I also think companies like ciphertrace are warning them that if they can't meet compliance standards someone will likely step in soon |
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https://ciphertrace.com/response-to-fatf-on-vasp-regulation/Came across this response to FATF regulations by Ciphertrace how there is no identifying information other than the public cryptographic key of the address that controls these funds. That is a ton of money to just be locked out and unregulated. thoughts?
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I would imagine the number to be higher but 1k seems fair especially if it's from the same person
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