Other than the fake github, wallet also infected with PE.Heur.Invalidsigscan result |
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Ahh, no, you're a little bit mistaken here. There are instances where banks or other payment services who issues their own card, or app, which works only on their own network, between people who owned account on the same said financial entity. These cards works outside the plane of visa or MasterCard, usually offering better rewards (given by the issuing bank) but they're only acceptable on very limited merchants (seller) compared to visa's wide network.
I see what you mean now. Banks act as the issuers and some banks do not use these payment networks (Visa/MasterCard) rather other card networks. Where do you see these alternatives operating mostly out of? I've seen UPI out of India to be the most notable per capita and Russia also has a few alternatives. Issuing banks seem to be racing to the bottom (or the top? Depends who you ask) when campaigning for customer acquisition. There's been a heavy decline in a lot of these credit card applications because most benefits are travel related. They need to focus on the much larger consumer market. I believe the major and most favorable bank in first or second world countries have this kind of service, as it offers a great benefit to the bank as a good marketing tool, while still benefitting customers with better rewards or lower fees, etc. although I never saw this "Bank C" goes overseas, with exception to AmEx. And just like you said, one of the biggest obstacle on this kind of service will be the width of its service. They usually works on a narrow scope: regionally, no travel benefits, etc. while study founds that consumers actually prefer a wider scope (i.e. the availability to use the card in a lot of merchants) over more benefits (i.e. bigger reward points or lower tx fee). I read somewhere that this is one of the biggest obstacle that Walmart faced with their payment card. On the fintech side, I believe most services work under this type of "bank C", where they issued their own service, reader devices, and network. And just like how it is with "bank C" in physical world, these services mostly also works regionally. If I may use mu_enrico's example, I don't think Asians ever uses Venmo, just like American probably never heard of OVO. Venmo's parent company, though, is a different case. PayPal (Venmo became it's subsidiary around 2013) is probably the AmEx of fintech division, it works and known worldwide (probably with exception to China, AliPay is more known by the Chinese). |
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It'll be after token distribution on April 2021, the first exchange will be on themselves, and then expansion to other exchanges will be considered. Source: telegram channel |
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Hello, my submission on bounty0x said I was rejected, but I was highlighted in green on spreadsheet. Can I please get a clarification on this?
Also (in case I am accepted), I made a mistake in submitting form on merit field, I thought I should fill them with the numbers of merit earned (total merit - base merit) instead of the numbers of merit O own up to this time. Can I fix this?
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What are you referring to as "Bank C"? Really, it comes down to the user having Bank A or Bank B. In the US and most parts of Asia, they offer instant contactless settlements between banks such as Zelle or Promptpay. The card space in crypto is exceptionally exciting because it provides the best of both words; a wallet where you're able to transact contactless and convert to fiat, as well as spend physically at most merchants that accept Visa/Mastercard.
Ahh, no, you're a little bit mistaken here. There are instances where banks or other payment services who issues their own card, or app, which works only on their own network, between people who owned account on the same said financial entity. These cards works outside the plane of visa or MasterCard, usually offering better rewards (given by the issuing bank) but they're only acceptable on very limited merchants (seller) compared to visa's wide network. |
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as I know in my country there is a credit card that says MarterCard or Visa. while on this card, I can't find it written on the ELITIUM card. like a credit card that I have a MasterCard and also makes it easier for me to verify my card when I use it in certain market place. and another one in this ELITIUM card, I don't see any card number there. can you explain?
I don't think this card is provided by one of them, In Indonesia we are also have payment gateway called "GPN" that provided by Bank Indonesia, on GPN card you will not see MC or Visa. Same as Elitium card, this card provided by Elitium it self, i think its not related with visa or mastercard. If someone want to use this card for payment, they need to use such as EDC provided by Elitium or something else (eg. barcode) that supported to accept Elitium card payments. CMIIW
One think that makes me want to ask to the team, in website this card spendable at 46m+ shop, this is already have a cooperation with elitium or just a goals atm? There's a slight misconception here. Visa, Mastercard, or if you may, GPN, are the intermediaries, not the card provider. They acts as a "middle man" to bridge different financial institutions to verify transactions. The card provider themselves are still your own banks. This is where we can put Elitium at, as an equal to your own bank. For a better understanding, let's say there's a customer who own an account in bank A and a seller who own an account on bank B. As there are two different (and probably competing) banks, it should be impossible to communicate a transaction happened between the buyer and seller because there is no way bank A and bank B has an integrated system. This is where the intermediaries come: they communicate the transaction happened between seller and buyer to both banks. Simply put, when buyer swiped their card, the card reader machine (presumably issued by bank B) will read information stored within the card such as issuing bank and account holder name, and forward this information to visa or MC together with the amount that'll be deducted. Visa will then forward this info to bank A to check if buyer has enough money on their account to be deducted. If so, payment succeed. Bank A will deduct the amount from buyer's account and forward this "money" to visa, which will forward them to seller's account on bank B. In other case, there's a smaller circle where the buyer and seller has an account on the same bank. With this, they don't need an intermediaries like visa or MC as transactions happened internally within the bank. Bank C reads and confirm buyer has enough money, and then move the money to seller's account which also in bank C. But, if this is the case, then the card reader machine usually issued by bank C and can only be exclusively used to read card issued by bank C. If we swipe card from bank A or bank B to this card reader, it'll be marked as an error because C didn't use Visa or MC (or GPN) to forward and receive information from and to bank A or B. This, in a way, related to the later part of Masulum's post.
As for the second part of Masulum's post, I believe they refer to Visa's merchant, as evidenced by mu_enrico's quoted text, and not shops and companies which already partnered with Elitium |
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Let's see if I get this straight: your token has no utility, but it will give the holder certain amount of token monthly, and the more we hold, the more we will get? In what form will the dividend be paid?
The Freedom Dividend is distributed in FDC tokens. The amount is variable each month as it depends on how much FDC you hold and how much FDC is in the Dividend Distributor at the end of 30 days. You can use the Dividend calculator on the website to see an estimate, as that uses the same formula as the smart contract. And..... there's no other benefits of holding your token other than that, right? Let's amuse ourselves by pretending it is enough to persuade people to buy and hold, i see on your roadmap that you planned to have an app, why would such simple cycle --buy, accumulate, hold, get dividends, accumulate, hold, get dividends, and so on-- needs an app? What would your app works at? |
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Here's my registration for signature campaign Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=754818Posts count: 1827 (including this one) Rank: Hero Merit: 514
What should we fill on the google docs? A screenshot of our posts during the week? Also, I'll be very much pleased if you can review my application via bounty0x and inform !e if I made any mistake and/or declined, this is the first time I use the platform, so I am kinda confused |
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Hello, I'm interested to join. Few questions, though:
1. What is the minimum post/week?
2. Excluded boards?
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Done, thanks for the suggestion |
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Owner’s reply
I think perhaps you are getting mixed up between the vetting process and the claim process. Having an anonymous team alone doesn’t constitute an exit scam. As you say, it may be a flag, and it may change if Foresight was willing to cover it or not according to the vetting process, but if there has been no exit scam then there is no claimable event.
An exit scam takes many forms - hard exits such as rug pulling and soft exits such as fake presales followed by gradual token dump. If a user believed ABC has exit scammed, they submit a claim, and the DAO then has a duty to investigate. Evidence is found and submitted to the DAO unit such as transaction hx, Uniswap liquidity info, wallet analysis, social media info, news sites and more. Upon review of this info, each DAO member will vote as to whether they believe an exit scam has occurred or not.
It may sound subjective, but it’s the way jury’s work. Also bear in mind traditional insurance does a similar thing except it’s only a single person who makes the decision. If you made an insurance claim, would rather your outcome depend on one person’s judgment, or a group of 50 people reviewing the evidence? The latter - p2p Insurance - is the way of the future.
It seems to me that the DAO members got a lot of burden. These are the people who stake their token, right? Wasn't it a bit troublesome? Because not only they froze certain amount of their liquidity for you, while they can actually use them for other purposes, they also get some tasks to read given materials and investigate project in question by themselves, and all those for some "reward" token and lottery tickets, which other projects perhaps offers the same for a much less work, namely just stake their token. Quite untrue. Kleros has a large active user base and the chance of actually getting selected for a case is exceedingly small. Similar with Nexus - you only get paid if you participate in the platform. This is not the case with Foresight. You get rewards regardless of your activity (although it is planned that those who are more active get more bonus). Our rewards are decent. We have a DAO fund of 15M FORS of which 1% will get distributed every two weeks to our members. Might not seem like a lot at current market cap of 600k, but rewards will grow rapidly as this goes up. DAO members also build social/XP points depending on their activity on the platform and in some cases can lead to promotion to the Supreme DAO. Eventually we plan to incorporate some pay per service jobs for the DAO units also. Our market research suggests that many community members are happy to assist with the functioning of a platform they believe in, and which interests them, rather than just put their tokens in a staking wallet. You may see this as a burden, but many do not. -owner I would guess that some will be excited to do the "duty" for several times before they started to see them as a burden. Doing one or two research and knowing their vote matters would be exciting, but with repetition, it will became a burden, especially once this task overlapping with their own life matters like work and family time. Eventually they'll do a halfhearted study, or perhaps not even reading the entire given evidences and vote blindly. Thus, leading to a bias of overall decision. It will make more sense to dedicate half of those 50 juries to people who specifically give their time and capability for said matters. They are more adept and sharp on many factors, and given that they're paid for it and work full time for it, the final result will be much less biased. My two cents. |
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Owner’s reply
I think perhaps you are getting mixed up between the vetting process and the claim process. Having an anonymous team alone doesn’t constitute an exit scam. As you say, it may be a flag, and it may change if Foresight was willing to cover it or not according to the vetting process, but if there has been no exit scam then there is no claimable event.
An exit scam takes many forms - hard exits such as rug pulling and soft exits such as fake presales followed by gradual token dump. If a user believed ABC has exit scammed, they submit a claim, and the DAO then has a duty to investigate. Evidence is found and submitted to the DAO unit such as transaction hx, Uniswap liquidity info, wallet analysis, social media info, news sites and more. Upon review of this info, each DAO member will vote as to whether they believe an exit scam has occurred or not.
It may sound subjective, but it’s the way jury’s work. Also bear in mind traditional insurance does a similar thing except it’s only a single person who makes the decision. If you made an insurance claim, would rather your outcome depend on one person’s judgment, or a group of 50 people reviewing the evidence? The latter - p2p Insurance - is the way of the future.
It seems to me that the DAO members got a lot of burden. These are the people who stake their token, right? Wasn't it a bit troublesome? Because not only they froze certain amount of their liquidity for you, while they can actually use them for other purposes, they also get some tasks to read given materials and investigate project in question by themselves, and all those for some "reward" token and lottery tickets, which other projects perhaps offers the same for a much less work, namely just stake their token. |
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Let's see if I get this straight: your token has no utility, but it will give the holder certain amount of token monthly, and the more we hold, the more we will get? In what form will the dividend be paid?
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I think this part is very interesting - BETHERO will not require any logins or registrations, ensuring absolute anonymity. Users may like this
Absolute anonymity for users and full transparency on the part of the casino are the main factors of the BETHERO project Your ANN looks excellent. May I know when is presale launch? Also, what price per token? Thanks.  BETHERO presale Begins on Tuesday 15.09.20 [19:00 UTC] Ends on Sunday 20/09/20 [19:00 UTC] If you would like to enter the presale, click link below. BETHERO (HERO) tokens will be automatically added to your wallet once ETH will be transfered. https://bethero.io/presale/Is this short term sale? since I didn't see the other round or public sale step. What's the minimum amount to buy the token? What I see is, you so confident to reach the cap with this short sale, are you? This is already 18/09, so just 3 days left. So far we raised 100+ ETH which is 1/3 of our softcap. Min 0.1 eth Max 20 eth We are currently thinking about extending presale time or 2nd round. But we are going to ask community what they want us to do. Soon there will be official announcement about that. I've been wondering about that, your site informed us about presale date, but there were no token sale date,,not even on the roadmap. Now that you've been considering for... 2nd presale, why not an ICO instead? Basically, they're just name, though |
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I have considered this possibility throughout the creation of the project (and most other ways of trying to game the system), but I don’t see it as being a major issue.
It made sense, alright. Now I wanted to know more about the parameter of "scam project". What factors determine a project as scam and legit? We can safely assume dev leaving project and radio silent on all of their media is a clear sign of scam, as well as fake team details, and insurance claim for such should be rejected. But what about annon? Suppose there's this project called ABC, with anonymous team, for whatever reason they give whenever asked about it, certainly it is a flag, but again, we can't be sure about it. Hence, we apply for FORS, just in case. Considering that you leave decision to 50 people or so to determine a claim to be approved or not, the outcome can be heavily subjective. Most people will flag project like this as a scam, and knowing this fact from the beginning yet still proceeding can be considered as investor's own fault, thus claim should be rejected. On the other hand, from the eye of the said investor, this is the very reason they apply FORS, because ABC is a hit or miss. So applying FORS as a safenet, while the decision is heavily subjective, is rather counterproductive, isn't it? |
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That's it? No whitepaper? No detail and description of the project? Even your website is literally a one pager site that only shows a token sale countdown and contract address. If you want to scam, at least try harder.
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Got several interesting questions from reading your thread opener, first one will be: what do you meam by rewards? Like, we invested some funds and, in turn, got FORS biweekly?
Our litepaper describes the reward process clearly, so I encourage you to have a look at that in the link above. To summarise, for locking/staking their tokens in our platform and doing services like vetting coins (underwriting) and voting on insurance claims, DAO members get: 1. FORS reward payouts every two weeks (more for Supreme DAO members). This equates to 1% of our DAO fund two weekly. 2. Weekly tickets into a lottery of 5000 FORS. 3. Reduced insurance premiums (20% off for Common DAO members, 40% off for Supreme) Ok, after a quick reading I see the gist of it, and understand that locking FORS for said level will allows certain portion on voting and deciding insurance claims. I also understand, by some system that is yet to be revealed, the said member will not be able to vote for their own case, but will there be a system to prevent "conspiration" where someone asked his friends to allocate some funds and became a supreme member then vote for his claim? After all, you said on above post that KYC might not be needed, and even with KYC, you can't tell who befriended who, especially behind anonimity veil of crypto |
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