Yeah, lol. I don't even know how they raised almost $200,000 in such a useless ICO. DEX's are decentralized and don't need anything to run - if I was one of the investors, I'd suspect an exit scam for sure.

I agree, I reckon the best way to move forward is to just clone the EtherDelta DEX code and re-create a new decentralized exchange with no ICO, or crowdfunding.

I doubt governments will be able to seize decentralized exchanges - it's like them seizing and stopping BTC from even existing. I don't think onion sites are needed now, but possibly if more pressure is exerted from the governments, we could see that.

Probably another reason why lending in crypto is worse than fiat lending in its current state. Operations like ETHlend and other companies have tried to create platforms for lenders to find lendees, but it's not really solving the biggest issue with lending - which is what you've described in your post.

There are a lot of platforms for lenders, we don't really need more. We need a way where they are almost able to print money for people, and therefore customers are safer.

Me personally, I don't think it'll be possible for the lending scene to become decentralized. There won't be any options for large business loans, because of whales not having as much money as banks.

I'd love to see some solutions to these problems, it's definitely a sector I'm interested in.

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.

What is this new algorithm? You take away the customers money forever?

What does this mean? You deposit the coins into the exchange and withdraw to your customers. You will need to be more clear with everything when you are running a business that is supposed to be trusted with user funds.

Just take a look at the 2 websites linked. It's pretty obvious that those 2 mining stores are scams, they offer insane profit with no proof of current customers or a legitimate site.

Bitzshops are offering miners for more than half price, and prominerz are also offering rigs for a low price - whilst both of these companies don't have any company information listed. The sites are also showing bait notifications that are saying people are buying items every hour (which is likely faked as well)l.

Let's be more kind here. It's obvious OP isn't very experienced in crypto and he has simply been led astray with his first purchase. For the future, make sure you avoid scam sites like this, where deals look too good too true.

The rule of property isn't very clear in your post. You are being a bit naive here and thinking that anything you buy or was given is now yours and none, not even the government will be able to take it away, and that type of thinking is just bad.

I get that you can apply this to crypto, and since it's your money and the government shouldn't be able to control it, it's similar to buying an illegal item and then not giving it to the government since it's yours.

As much as I hate that BTC gets restricted from countries - if it does happen, you should follow the law and leave BTC alone.

I think they'll only be targeting the big traders, so the everyday joe can scrape along, and traders haven't been making much in the recent year due to the bear market, so it isn't a big deal.

I'd like to see how many years they will be chasing up. If it's 3-4, I can see a lot of traders losing thousands of pounds, but if it's only a year, I doubt there will be a big issue (due to the bear market).

I agree with Lucius, but I'd like to see how they are able to determine traders from holders, from sellers and other people. It'll be a hard task for sure.

Coinbase will easily hand over the information, but I'd like to see how eToro and Cex deal with these demands.

Bitcoin and blockchain technology makes the lending process much more decentralized, and instead of them being mostly bank to person, it's more person to person, due to how many platforms there are that help lenders find lendees.

Bitcoin still doesn't really change the system that much. Microloans are often P2P, while companies will look to venture capital funds, or large crypto investors that would be interested. It's just an import of the regular fiat lending system, but with more freedom and features.

This is just dumb. Are you saying people can't take mortgages or car payments because they need to buy everything with money they have at once? Not being careful with your money is what makes people poor.

The only information Chipmixer has are the input addresses, which isn't a lot of information, and due to the large transaction size, it'll likely be found out anyway by the authorities. The bigger the amount is you are trying to mix, the easier it is to track.

Let's see what happens to them, they haven't been shut down when the other 2 large mixers got shut down, so I doubt they will face anything bad from the authorities. This will just showcase their strengths.

I doubt they monitor their transactions all the time and would be able to know the coins are from the Binance hack. Chipmixer is the most popular mixer now, and it'll be a shame for them to shut down - other mixers are still fairly new or just don't work as well as Chipmixer.

Well said mate, you speak my mind perfectly! I've always tried to refrain from discussing the price of BTC on the forum, it's personally been something that goes against what I think BTC is - which is new, revolutionary technology.

Bitcoin was never meant to be seen as a get rich quick scheme, and after numerous articles and media attention, it's been packaged in a way which strays from it's true goal.

Bitcoin was built to replace centralized fiat currencies and give power back to the people. Not make people rich overnight.

I always love reading articles about the Venezuela people using bitcoin as one of their main currencies, it really reflected the true value of bitcoin and it's the ability to provide financial stability to a lot of people, even if the currency is quite volatile compared to other fiat currencies.

Don't be so lax with the government though, they aren't fully comfortable with cryptocurrencies, but more so tolerating and dealing with BTC as a solution for now, before they are able to fix things.

I agree. I'd like to see more clarification on what this money equals though, how many people hold BTC, etc. This will be a great case study for the generations to come, for sure.

Let's not be so fast to assume facts, and take the PR with a grain of salt. The title and article is structured in a very clickbait like structure, but the true story is far from what is being represented.

Not really. Chipmixer doesn't know anything about the criminals, there is no KYC that is forced upon them and then only thing available to them is the information available on the blockchain.

I agree - this will be proof of how solid the service is they are offering, and I doubt anyone in the Chipmixer organization will ever be forced to show up to court.

This is exactly my view as well. I've seen most companies not even bother with enforcing their rules against other countries, or other ones only punishing the user when a login attempt is made from a banned country, after other logins were at a certain IP.

I've personally never seen ban waves when it comes to companies, only single cases, but for governments, that's a different story - just look at China and other countries.

I guess that's also true, but what everything just seems to be a bunch of useless regulations that are easily avoided. As long as you don't break any big rules, your free to use their service even if you are meant to be restricted.

I'm not really sure your previous issue was bitify's fault - but more like someone taking advantage of their platform and then them having sub-par customer service, so you being forced to wait an extra day or 2 to resolve your issue.

I doubt it was an issue with the platform not releasing funds - I've used bitify and my funds have always been released as soon as the trade was finalized.

Just out of curiosity's sake, how was the issue resolved? I am leaning towards the buyer manipulating some sort of system and forcing an early release of funds, but this could be Bitify's fault and I could be mistaken.

There was recent news that bitpay are now going to be enforcing their new KYC and Anti-AML terms, and are calling this new service "BitPay ID", it's only here for larger transactions (3,000 USD+ purchases, or refunds of 1,000 USD+), but I definitely see a future where they keep dropping the limit until all customers are required for use "BitPay ID".

The 2 payment processors I've personally used and recommend are Coinpayments and blockonomics, although only blockonomics is able to instantly send you your funds after a customer finalizes a transaction, while payments are held in the Coinpayments wallets I believe.

Have you looked into other payment processors that accept cryptocurrencies as well as other traditional payment options (Paypal, Credit Card) - this might be better for a site that is more mainstream and less crypto-niche.

That's true. A lot of people are always looking at BTC as an investment that can only go up, and constantly thinking that the market will always be a bull one. The drop from 20,000 to 3,000, as painful as it was, was really good for the crypto environment and flushed out a lot of the people who were only profit-based and also killed a lot of the scam ICO's that plagued the scene for a couple months.

Very well said, mate. I agree with this a lot - BTC is too voliate for everyone to believe it to be the best investment ever.

I don't think making 20 percent profit is bad in any industry, and I'd still love to make a 20 percent profit of my investments in crypto.

I agree with you saying that crypto is usually quite volatile and often it's seen as a huge risk, huge reward sort of situation, but there are a lot of investments that are still fairly stable (other then stablecoins).

I think your mindset is much too greedy when dealing with crypto - be happy with any money you make.

It's pretty easy to get the stuff missed up for newbies. Cryptocurrency and blockchain are both popular terms in crypto, and new people getting it mixed up isn't anything new.

It isn't really like banking and money, people learn about that since they are children, while blockchain technology has only become popular during the last 3 years. We definitely need to be more welcome to the new people of crypto, and helping them out with questions like this is great.

There's no point on writing a definition, I'll quote one I think is really good below!

I wouldn't say never invest in ICO's. Some of them are actually revolutionary to the industry and offer great solutions (Pundi X, BNB). I'd say, look at ICO's with much more caution and never invest unless you are 100 percent confident.

Agreed, people need to realize that most cryptocurrencies (except stablecoins) have whales behind them which makes it very easy to manipulate the price of it quickly.

Everything else is very well said. I'd personally like to add my own rule.

Don't look at crypto and blockchain technology as a way to make quick money. Appreciate the technology behind it.

I'm not really sure what you could define a bitcoin mixer as - they definitely aren't financial institutions, you definitely can't put them in the same industry as big banks. You'd probably need a new set of rules just for crypto activities and include mixers in that section.

Centralized mixers that are registered, etc, will be very easy to bring down. Decentralized exchanges, mixers and anything else are the only ones that are able to be safe from the regulations and still survive.

Anyway, I'd love to see what happens with mixers and their regulations, and how the governments deals with it.

Think it's pretty real to me, I saw a thread where someone linked the photos, unblurred as well and they looked like real people who's ID's where leaked. I'm obviously not going to link those threads and telegram channels that contain the photos, obviously.

Again, this is another great example of why you never give out your ID/do KYC online. Even though companies may seem safe (Binance was regarded as one of the safest and most popular exchanges for a long time), hacks and leaks still do happen, and now the people's ID who got leaked - their lives are likely ruined forever.

I'm very curious to see how they will deal with the leaks - denial is what they are doing now, which is disappointing for a company that usually takes liability on these sorta things (eg, the hot wallet hack a couple months back).