Since the stars have aligned right, I was able to make a little test: I've left insufficient funds on my card so the monthly fee made it get negative.
I left a few quid on there after reading about that as the idea of having to reapply is very silly indeed. Despite that they haven't charged me a fee since April now. Maybe I'm special.
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I seem to recall this happened before and it was back up relatively rapidly, maybe I imagined that. That aspect of their coins made me nervous. Very little lasts for a long time in cryptoland. Anyway, this is him on Linkedin - https://www.linkedin.com/in/timfillmore
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Why are you so serious guys?
Where is the most excellent profitings? All I can see are a bunch of losses waiting to happen. If whatever tradeable shittoken doesn't collapse and eat your money, whatever money you're insane enough to actually put into one of these schemes will vapourise rapidly too.
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These platforms are broken piece of shit jokes. How anyone can take them seriously is beyond me. It would be pure suicide to attempt to run your actual life through junk like this.
There've been numerous hacks of these now, often to the tune of many millions of dollars. Luckily one of them was covered by 'decentralised insurance', less luckily and even less surprisingly it chose not to pay out.
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This could be big:
Hopefully everyone who uses one learnt their lesson from Wavecrest and does not run their life through one. I remember tales of people stuck in Cambodia with no other form of payment when those cards evaporated. Bit silly. Wirex Europe uses a different company. Coinbase'll be fine too.
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I would completely discard anything to do with tokens, especially your own. You may well be creating legal problems as mentioned above. No one is going to want them so they're effectively donating to you anyway. Better to not insult them by offering something utterly worthless.
I'd go straight to bog standard crowd funding.
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If I were a company I would let someone else waste their money figuring out 'blockchain' is of little use at present. If someone makes a wonderful discovery then I'd tap into it, but I wouldn't be holding my breath.
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In my long and painfully drawn out life I have learnt that hardly anyone is interested in advice, let alone take it on board and actually act on it. They have to figure it out for themselves. It's quite obvious that shitposting will get you nowhere and more than likely get you nuked. That's plain from the moment you arrive here. If you can't work that out very rapidly then I ain't going to correct your ways. Maybe you'll have better luck with the next account, if you don't get nailed for ban evasion.
If you want to get ahead pay attention from the off. All these people pining for merits have the solution staring them in the face - click on everyone's merit scores and see what posts attract it.
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I can easily see a return to 6-7-8 grand again. We're in no man's land just like the aftermath of previous halvings. There's not much on the horizon and there's still that world falling apart thing that hasn't fully hit yet. Everyone should go practice their backhand and pay attention next year.
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Sure it will cripple your whole economy and you would be living probably in poverty for majority of your life just to be able to pay it back
Go bankrupt. That's the point of it. It'll screw with aspects of your life for quite a long time but it's far from the end of the world. Millions of people do it around the world. If you're looking at a debt that'll take more than 3-5 years to pay off that's the recommended option. https://www.debt.org/bankruptcy/
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Aren't atm fees standard in the US anyway? I'm not sure I ever found a free one in all the time I was there whereas it's the opposite in Europe.
Or is this an extra fee on top of the standard one?
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This was picked up on by CZ and binance implemented a timeout for shit traders. https://mobile.twitter.com/cz_binance/status/1273872555791638528The normalisation of leveraged trading in all areas is one of modern life's weirder developments. It wouldn't have occurred to older generations. A total waste of a life. I hope someone learns something from it. If it were me I would've gotten a job counting penguins somewhere remote and popped back a few years later. That's if it was an actual debt which if it isn't is even more unfortunate.
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I wonder whether this was the plan all along or they decided it was doomed so they may as well use up their lab rats for a shittoken experiment. Either way I can't see more than a few delusional silly sausages sticking around until September.
It's been a fun thing to observe and an object lesson in how not to go about things. I wonder when it's all over how much money it made Yobit, if any.
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Aside from money time is one of the most important asset we can invest in any project with hope we might earn from it. Even the so called surveys, one still hast to invest in their time and personal information/opinions.
This is one of the things that regularly blows my mind observing behaviour here. People rarely seem to value their own time when of course it is the ultimate currency. If people added up how much time they waste earning a pittance with faucets etc vs devoting the same amount of time to a normal job and buying coins with what they earn they'd figure out they would end up with a whole lot more. Even spending an hour listing all your old shit on Ebay and buying with the proceeds would earn more than tens or hundreds of hours of gigs that pay in crypto. If you can't get a job, or wages are genuinely close to nothing where you're at then fair enough, but you owe it to yourself to do the sums and act accordingly. I think a lot of people who pay in crypto depend on that failure to think things through and exploit it heavily.
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It's a bit like saying 'Amazon is doing really well. I think I should start one too.' It seems like a no brainer until you actually think it through.
I remember using somewhere that was clearly working hard to succeed. It wasn't a con, the owner was responsive. As exchanges go it was better than some of the big ones. Out of curiosity I added up all its volumes, which were clearly not faked, and the owner was earning about $10-15 a day. That's after no doubt months or years of work and a lot of outlay in time or labour.
You may not need to care about legality if you start off small, enough places ignore that. If you start to make proper money then you certainly will and that could cost tens or hundreds of thousands or millions of dollars depending on where you are.
The one you cannot ignore no matter what is security. There are thousands upon thousands of people scouring the crypto space looking for ways to drain money from exchanges. You'd better be seriously good at fending them off otherwise you're looking at rapid ruination.
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I wish that the wealthy elites who once frequented the forum much more than they do now were here to assuage the newcomers that they are actually getting together to build a seastead, end poverty, find a cure to cancer and give employment opportunities to the poorest.
One of the more prevalent OG Bitcoiner attitudes is extreme libertarianism which means overwhelming selfishness. Benevolence is not a trait that shines through many of their proclamations. The best you'll get is 'we helped nurture this to let you help yourself.' If you were sitting at home going over your seed and one passed by they'd kick the door in, stamp on your neck, have your coins away and tell you to take it as a lesson in personal responsibility.
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I can well imagine the crappier exchanges like this one, never heard of it, pretend to do KYC in case a government comes knocking some day.
It's a user's choice as to whether they play along in an equally daffy manner but I wouldn't be anything other than straight up with a place I was putting proper money through. If it was some piece of shit place like this and I wanted rid of some shitcoin and had no choice then I'd happily photoshop George Bush as long as I could get out quick enough.
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There've been a few places in the past that appeared to be offering it but I would not be inclined to have trusted any of them. Legit places to buy stocks will be about as legacy as they come. They may be reluctant to give BTC that type of endorsement even though there's no shortage of gold vendors who take it.
It's not technically hard at all if you use a payment processor. It's the politics primarily.
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