This is quite a spectacle. Possibly one of the most poorly structured sites I've seen in a long time, and other than that, there are a lot of holes about the "service" you are offering here.
It just seems some half-arsed web developer saw some large mixers got shut down and then saw a way to profit off new customers by scamming them.
Yeah, I agree with the general consensus here, sites like these should be avoided. And the OP seems to have disappeared as well. Newbie account, first post, what do you expect?
So far the only reputable mixing site that I can think of is Chipmixer. It has done well over the years to stay on top of the game and clean of any BS drama (like Bestmixer).
Looks like they are just using /]Jambler's code and template[1]. I'm not sure how this works, but there are many mixers like this where they look exactly the same. Here is a list (there are """known""" mixers there as well, like MixTum): https://[banned mixer]/mix-coins.php Basically anyone can create a mixer, call it "the best mixer", claim that it's using a high level algorithm that uses satoshi's owns coins and investor's funds from more than 200 countries to make it clean or some stuff like this. Ah. I figured it was some template off WordPress or another site. It has the look and feel of an old mixer I used once to test (forgot the exact one). How much does this template cost to use? I did a quick whois lookup and I found that the domain is only registered for a year, which proves my theory that it's likely a scam attempt even more. Registrar Registration Expiration Date: 2020-07-07T09:07:08Z I will be hesitant to use a new Bitcoin mixer, if I am not 100% sure that they are not some kind of "Honey Trap" for some government or just another scam to steal people's bitcoins. We know Chipmixer.com has a very good track history of protecting people's financial privacy, so there are no reason to risk using "new" mixer services that are untesated.  People create mixers like this now, because they know governments are targeting large mixer services and they know people will be looking for alternative sites, if these larger sites gets shutdown. <Strategy would be to con people into thinking that the service is legit and when a large amount of coins is pushed through the service, then a exit scam follows.> Mixers need to be way more secure and be sure not to reveal anything - otherwise, the governments will try and pin random crimes on them for an excuse to shut them down. |
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Don't use the dark-net for any marketplace based activities, it's usually quite dodgy (fake sellers, police pretending to be sellers, illegal stuff). Just go buy a budget phone for the same money, or save up for a real iPhone. common so guys, are you telling me that buying cheap good electronics is a fraud on the hidden web??
Keep in mind iPhones are some of the most exclusive phones and will rarely/never get discounted, even if the phone becomes very old. The seller either doesn't have the iPhone at all, or they'll have an illegal version of it. There is clearly nothing legitimate about that site.
Thanks you guys for the information
You have multiple alternatives here though (If you are willing to pay the actual product's price). You can use Newegg (ships to Spain), buy Amazon GC from Bitrefill, Use OpenBazaar or simply deal on the forums and find someone to sell you.
i want to purchase good electronic with littles discount to sell and buy with proof. There are no discounts for Apple phone. Most flagship phones (Apple, Google, Samsung) don't have discounts, so I'd look at budget options like OPPO to turn a profit off. |
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Pretty useless. I doubt there will even be 1 in 100 people who would prefer being paid in cryptocurrencies over regular fiat payments.
Mainstream adoption for cryptocurrencies are just not there yet - barely any stores in NZ would accept cryptocurrencies as a payment option, so you'd just need to sell your coins for fiat currencies and lose out on fees and waste time.
Plus, it's only stablecoins, which is even worse. You are being paid in a coin that's the same as fiat, but doesn't' have adoption like fiat.
Just a PR move for NZ, it's nothing really substantial.
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This is just like the situation with Venezuela, where because their currency was unstable and people didn't trust it as much as decentralized cryptocurrencies, they turned to BTC as a way to hold their money in, and because it was so in demand, most trades had a lot of spread to it.
There's also a lot of tricks and you are a lot safer with BTC as 1Referee said - a lot harder to get hacked/lose your bitcoins compared to getting robbed if you take precautions or own a hardware wallet.
We've seen countries with issues with their economy turn to BTC. Does this mean in an event of a global market crash, BTC will become even more dominant and countries will be forced to allow it?
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Where are these stats from? I've seen previously that fiat is much more popular then BTC or other cryptocurrencies for money laundering, but I didn't know it would be so popular in the darknet. Then again, it does make sense. With smaller transactions, it'll be pretty hard to track the ones related to criminal activity and which ones are regular transactions. Strange to see Monero and other privacy coins being so unpopular in darknet markets, is Bitcoin mixing good enough these days, or are privacy coins suffering from some problems? Maybe it's hard to convert them to BTC or fiat without raising suspicion?
There are currently some researches floating around that put Bitcoin illegal use at 1-2%, but the fact that Bitcoin is so popular sure means that something is wrong with those researches.
They should try using monero and other privacy coins. I believe they are not as hot in the eyes of the scrutinizing public as compared to bitcoin. Most people wanted to trace where bitcoin goes while other altcoins are just being ignored. Why not try those other privacy coins?  The technology behind the privacy coins is definitely there. Monero, Grin, and other privacy coins are very safe and hard to track - but the problem here is adoption. BTC is still king when it comes to cryptocurrencies and people don't like change, even if it is for the better sometimes. |
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When the coins are there, it is the exchange's money and they can easily take it away. Exchange's reputation is all based on what they actually do with this money; are they executing due diligence in protecting their clients and the assets under their control?
The title of my post won't change: Do Not Keep your tokens in KuCoin Exchange for a long term!
Your are giving a bigger scope of the same advise by not trusting any Exchange for a long term. You are right.
Thank you for passing by.
I like your views here, it's very well said. Keep in mind, as Dave said, crypto is a very murky area for rules and regulations. We've been seeing a lot of companies being forced to perform KYC on their customers in recent years, when sometime back, we were used to be able to do things without any KYC. Localbitcoins, Bitpay, exchanges, etc are all examples of services we've seen over the years change due to regulations. Exchanges right now are not fully regulated, and something as niche as delisting of an asset needs much clearer rules like: How much notice must be given? What is needed for a token to be delisted, can any token just get randomly delisted? How does this need to be communicated to the customers? I'd agree with the Dave on this - such a dodgy market means things like "90 days to collect your funds" gets by. |
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commission must always be the last thing you look for in an exchange. the first and most important thing to ask is security and reliability of the platform that you plan on putting your money in and leave it there for some time (during which you trade).
then you have to see if you are OK with their terms of services and if they even accept your methods of fiat payment or not.
also i see others are suggesting a bunch of exchanges like Binance, bittrex,... that don't even have a fiat market. and if you plan on trading bitcoin with fiat (like USD) then you can't even use those.
I agree with this post, people are too focused on saving cents on the dollar when the most important issue with exchanges is their safety and security. I'd be happy to pay an extra 0.5% if it meant my funds would never be hacked. Personally, I believe the safest exchange is Kraken. They have extensive KYC but have been around for years and no one has had any issues with him. Also, Binance does have a fiat market - but you'll need to perform KYC which is not safe after the recent news. Bitmex is another good option - it's one of the best exchanges if you just want to trade BTC/Fiat. |
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Pretty well-made video, probs. I watched it and definitely learned a lot and it helped me understand his POV and reflect on my own thoughts.
I personally don't think retail banking will ever die out. Banking was done in a much more tedious way years ago, and technology simplified it for us - I believe blockchain will do the same, and it'll never truly die, just migrate and move into a different platform.
With Facebook's own currency, it's gonna draw a lot of resources and attention from Bitcoin, but since it is much safer for government, it'll likely be preferred over other payment options.
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First of all, this is a great reason why you don't keep coins on any exchange for a long period of time. When the coins are there, it's not your money, instead, it is the exchange's money and they can easily take it away from you like here.
I personally think both parties are at fault here. If you keep amounts of money on an exchange, I'd assume you trust the exchange and would often use it and follow up on your accounts.
There are no legal codes that require exchanges to send you notifications, but I would agree and say it would be a good update. As long as they have given you fair notice via a fairly visible option (their site), it's fair. Think about getting evicted as a good comparison here.
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I'd say you are looking like this in the wrong way. It's probably due to the large amounts of exchange scripts and exchanges being sold in crypto nowadays, and you're looking at exchanges as a simple venture where money will roll in after some basic development work is done.
Not like this at all, a shapeshift type exchange will require you to have multiple crypto wallets (for each coin), and then hot wallets for all of them, and you'll need a very skilled developer who can create auto-payment scripts for it to work.
As for budgets, I'd recommend a minimum amount of 100,000 USD. Development and security costs would be a min of 50,000 and then rest can be on marketing.
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nydiacaskey01 I am not using anything other than Usd, do you know which exchange which I would gain most Usd?
I guess that would be Binance because they have the lowest trading fees. Check the trading fees below from other exchange sites aside from Binance Binance 0.1% much lower if you use BNB token to pay for the fees. Bittrex 0.25% HitBTC 0.1% Coinbase $2.99 transactions up to $200 USD and 1.49% for transactions over $201 USD Poloniex 0.20% Binance will obviously have the lowest fees, especially if you have BNB to even lessen their fees. The problem is though, there have been recent hacks of the exchange and KYC information has been leaked. If you are trading crypto to crypto, it's fine because you aren't asked to do KYC, but if you are trading fiat currencies, you'll be forced to complete KYC. Link to article - http://www.futuresmag.com/2019/08/13/hacker-released-10000-kyc-profiles-binance-customers-coindesk-reportsI'd personally recommend setting up ads on Localbitcoins/Paxful or other P2P trading sites. You will have a decent budget and will be able to trade the spreads, or if you aren't bothered, setting up your own ad usually means you can sell BTC for more then what it's worth, but it'll just take more time. |
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It's been like this for a week or 2 now I believe. It's pretty obvious the reason why BTC is more searched and popular then stocks, it's like comparing people searching for video streaming services to regular TV.
Bitcoin is the new kid on the block, that has recently been flying in popularity due to last year's bull run, which ended when BTC hit 20,000. During that period, it was heavily published as a really good investment option.
When it comes to investments now, due to the publicity that BTC has gotten, it's often seen as a get rich quick scheme and is more searched and popular than stocks, due to it being new as well.
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I listened to Andreas recently and he is absolutely correct. Unfortunately there is a great danger on the horizon against bitcoin. Just as bitcoin was designed to be a parallel system to global finance, the top country are plotting to make bitcoin separated into two systems, a black market of unbanked criminalized innocent citizen, and a and this is truly the key argument
A parallel white market system where you truly do not own the keys, where your software and hardware wallets are backdoored with KYC and surveillance and your addresses are declared to the intelligence and tax agencies and you have no real privacy, safety, fungibility, or immutability.
I'd agree with this. There are currently a lot of important countries that have an obvious distaste for bitcoin (China, USA), and they are either trying to regulate it extremely hard or completely ban it. We've seen in recent years, the governments forcing a lot of crypto service providers into a lot of KYC and Anti-AML services. They will do this by legally persecuting Ledger Nano and Trezor and criminalizing and regulating every centralized exchange on the FATF list. They will treat anyone that they see unfit for western finance the way they treat Iran. The United States is categorically opposed to cross border payments to anyone in the world. They will not stop until they geofence bitcoin into such a corner that you are unable to truly own your keys, destroying the purpose of crypto. Your KYC data will be leaked, your safety will be jeopardized, and any negative turn of events in civil liberties in Europe and the USA and Canada and Australia will put you in jeopardy because they will have your keys and your address.
The Japanese and Taiwanese just made a backdoored Hardware wallet that rejects transactions that cannot pass KYC certification on both sides.
I agree. Hardware wallets have currently become a pretty big target for the US government, and I wouldn't be surprised if they try and put them in the same category as other financial institutions, eg banks. I could imagine them trying to define them as a bank since the wallets hold money on it. They made a hardware wallet that doesn't allow unpermitted state-compliant transactions. This HW does not truly belong to you, it belongs to the state, just like your legacy finance banking account
We all need to start initiating the process of suing G20 countries in the supreme court of the united states, international courts in Brussels and the Hague and EU parliament. They must be stood up to preemptively. They will incrementally take your civil liberties away.
I read this on the news as well. They are centralized crypto and trying to take over, so the money you have, it actually isn't yours. |
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What is meant by the terms, a fraud coin? It's just their own coin isnt it? They are playing this pretty smart, especially with their views on decentralization and BTC. It's definitely not good for the crypto community, but them being able to capitalize on the blockchain trades whilst still being able to cancel out decentralization. This is what I'm more interested in. China’s central bank digital currency is “ready” after 5 years of development 5 years of development? That means they've been looking into blockchain technology and have had an idea of making their own coin for a long time. I'm quite surprised with this. |
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Manipulation is always there and I think even if the government would show this as not truly a manipulation they can show this to the public as part of the law, but I guess the government would not give any law if they didn't see any wrong things about it, I guess you can surely own something that is your right, for example, you can own a gun with a proper paper license but that very gun is used to killing someone or used illegally I guess the government will do a proper action about this they may implement a gun ban, Then even if a person would have proper property with the gun it can still be confiscated, I guess the government will lead to something like this if Bitcoin or other cryptocurrencies would be used illegally.
There are still countries that have never allowed guns to be legalized, a bad thing doesn't need to happen for the item to be banned (eg, some governments are being smart by banning guns early on), and this seems to be similar for some countries and Bitcoin. Most countries haven't seen a lot of Bitcoin used, but they will still ban it due to their misguided views about most bitcoin users being criminals - which I'm not saying is good, but we can also do nothing about it. if a coin is decentralized then banning it is useless.
Still it is possible to ban Blockstream not bitcoin.
That's true, they can't fully "ban" bitcoin, because there are VPNs, accessing your wallets via the tor network, but they can issue large penalities and also make sure it'll never be mainstream in your country, which is still a huge negative. |
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Well, let's assume we'd be able to manipulate and change a decentralized currency (which would be close to impossible), and where free to do as we wish.
I personally wouldn't change much. Bitcoin is perfect at it's current state, and the only issues I currently see are that governments are very unwilling to adopt the coin due to it's decentralization aspects.
Maybe there would be a way that you could make bitcoin more attractive for government adoption, but also not change the decentralization aspects? It'll be pretty hard to do, but that's the only real change needed. Everything else is really too wild or too far from the original Bitcoin idea to be viable.
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What the point of having this "virgin bitcoin"? Beside its never traded before? Its useless in my opinion cause in the end you gonna spend it anyway.
Let's say that I have 1 bitcoin in my wallet right now, this bitcoin already moved so many times, but this 1 bitcoin is from stollen wallet and I never know it cause I get it from an exchange. do "cyber police" will come to me and confiscated my bitcoin? No right? they don't even know what address belongs to whom, let along to seize it.
It's not really that being the issue. Virgin bitcoins are much better and wanted then regular bitcoins due to it's anonymity. For virgin bitcoins, you wouldn't be able to see a TX history and it's basically the crypto equivalent of untraceable cash, and they often go for higher prices then what they are worth (sort of like the 500 EURO bill), and a lot of them are used for criminal activities. this topic seems interesting I myself have never heard what virgin bitcoin is, and whether it has been traded.?
It's often sold on the dark web for 10-20 percent of it's actual value, and it's quite useful for criminals. The point of virgin coins is to ensure that they have no dirty past and thus reduce the risks of having to deal with investigators.
Why you are so sure that no one can link your coins to your identity? If you have an exchange account, you probably did KYC, and even if you didn't, it's still inked to your bank card which has your name on it. And then there are things like linking your public profiles, Bitcoin addresses and real world identity together - this can easily happen, it's the same as doxxing, which happens all the time.
If I really care about my privacy and the history of the coin I purchase I'll just buy some privacy cryptocurrency and not buy bitcoin that the price 10- 30% higher than the price on the market. And again, if I buy 1 bitcoin legally from an exchange, but without my or that exchange knowledge turn out that bitcoin has been stolen, do I really have to give that bitcoin back to the owner? In my opinion of course not. But hey, I'm no legal expert so know nothing about the law And I have another question, I have 1 wallet With 100 bitcoin in it, and receive another 100 of "stollen" bitcoin on that same wallet, and spread that 200 bitcoin to 100 different address, how can you tell which one is stolen bitcoin and witch on not. I just curious, cause it has been placed to the same wallet. how can we know the difference between those coins. Privacy coins are also not as popular and mainstream as Bitcoin. Blockchain detectives will eventually be able to figure out the origin of your coins, unless a mixer is used - but then again, the larger the amount is, the harder it is to hide your funds (even via mixers). |
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Read the fine print posted by Kakmakr. They are only really opening the door for stablecoins, not other decentralized options like bitcoin.
I'd say they are looking to implement their own cryptocurrency later on, based on the model of stablecoins and also likely being tethered to their own fiat currency. Look at the structure of the posts, it's pretty obvious they are directly replacing their fiat currency with crypto, so it can't be that different.
Not saying it's a bad idea though. I think more governments integrating blockchain technology is great and allows a lot more growth.
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I believe the BAT you currently have is of the test variety which they want you to give to publishers, or just hold. You'll need to turn on their rewards which basically means you are able to see ads everywhere around your browser, in exchange for BAT.
BAT doesn't ever run out if it's earnt via the system from what I've learned. I'd still personally not use the browser rewards, you get barely any rewards for a lot of annoying ads. Chrome with Ublock is superior for me.
Also, keep in mind brave recently added the addition of KYC to their wallets and browser, which is another reason why I'm no longer using them.
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@timerland. Agreed. However, I reckon the government of Venezuela and others might only be tolerating it because they do not have the laws and the means to enforce regulations. The moment they do figure it out, let us hope adoption gas spread deep and wide and it would be too late for them hehehe.
For sure mate. They don't have enough power to be able to take away BTC, could you imagine if they tried to tax or even ban it? The people of Venezuela would go crazy. If their economy ever recovers and they would be able to effectively use fiat for everything, I'd like to see what they'd do related to cryptocurrency. If the government is smart and willing to, they could become one of the most accepting countries for cryptocurrency, and turn their nation around with cryptocurrencies. We'd be able to see full adoption because most of the people there already use BTC anyway. I really don't want to see them shoot BTC in the foot for their own Petro coin to do well, there's definitely room for both of the cryptocurrencies and a crypto-friendly Venezeual would be great to see. |
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