I tried to open an account on Binance in order to transfer coins off Poloniex. Obviously they need a U.S. SSN to meet U.S regulations. I wanted to see if I could do it without giving them my actual SSN and entered it in one digit off at the end XXX-XX-XXX?. The attempt failed and they wouldn't establish an account. I received a message that stated that the SSN entered did not match my name entered. My question is how the hell do they know my name and SSN do not match?
You must have thought they don't have a database in which they would confirm the details you provided for them in other to be sure its genuine and you are who you claimed to be? If you can go about it and they open your account and you are able to carry out your transactions, then it defeats the entire purpose of KYC and also spoil the market for those who buy other people identity because it won't matter if I can just formulate a number and it would match with any name I give them. The point is every details you give is going to a central database that companies with the right approval have access to. |
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After Facebook announced it's Libra digital currency, several countries have expressed their interest of launching a digital currency of their own. China has already announced that it'll be working on Blockchain technology for a digital version of the Chinese Yuan while other countries have done the same. Most recently, German banks have requested the European Union to launch a programmable "digital euro" that would replace the current monetary system (physical Euro). All these developments shows us that we're getting closer to a "cashless society" than we've thought. While all of this is exciting, it seems that the USA will be left behind in the development of a blockchain-based "digital dollar" (USD). After all, the country has been known to be quite strict about the development of the crypto industry. With many fierce regulations against crypto and Blockchain tech, many mainstream crypto businesses and companies have decided to stop providing services to US citizens. Poloniex will no longer serve US customers, which greatly diminishes the adoption of crypto within the US. This makes me wonder whenever the US will allow a "Digital Dollar" to happen in the future or not? If it doesn't migrate to the digital realm, then I'm afraid that other countries will take the lead in the world's economy. It's a matter of being ahead in the latest technologies to obtain supremacy. If the US remains reluctant to accept Blockchain technology into its current monetary system, then it'll be left behind without a doubt. What do you think?  To think that the United States will be left behind is something that I have not seem to phantom and it won't come as a surprise should they also announce their own digital currency which might even surpass the countries that seem to take the lead here. Facebook would go ahead with the backing of the United States and when they combine forces, it just go way ahead of any national digital currency that is either out there or about to launch. I have a feeling that because of the current political landscape that have engulfed the entire space in the States, there is hardly any room for news or announcement but that does not mean that serious research and development is going on underground. |
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When it comes to investing in bitcoin, the only factor irrespective of how we might try to portray it is the volatility. And its even the simplest thing any noob can understand, there is no need to study chart of be good with economics of financial analysis just the volatility. The price is currently $8k+ which was lower than it was few weeks back and that also showed an opportunity that in few weeks to come, it could also increase. When you follow the market and not get greedy, you can make decent return on investment within a short period.
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It might be your need that the bank has not met but what I am sure of is that for centuries, banks have been meeting not only individual needs, but corporate needs and government needs which has largely been responsible for the series of healthy economies that we have all around the world. In terms of infrastructure, I think to be fair, the banking industry have made significant progress even since the advent of internet which has made the use of their services much more accessible. Although, there is still gaps to cover but they are progressing.
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Limiting cash transactions is happening all over the world. Aside from the fact that cash transactions cannot be traced which makes the work of authorities difficult in case its being used to finance illegal activities, the cost of maintaining it is also on the high side. For instance the reprinting of notes that are outdated, the cost of maintaining security, the cost of moving cash from one location to another, the cost of administration and approval for the movement among other cost. What they should have done in those countries in my opinion, is to discourage the use of cash rather than limiting it. In the sense that, if you will be withdrawing beyond certain threshold, then you need to pay a percentage as charges to the state with that everyone knows and can plan along that new rule.
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This is just one aftermath of non-regulation in the market that gives room for people to manipulate others into making a decision in which they are not capable of doing. This is something that really be frowned upon but unfortunately, we will only make comments and there is nothing to be done about it. The next exchange site is probably doing the same thing. While companies operating in the economy might one way or the other wants to make their book looks good, liquidity is something they don't touch because that is one thing that could really be verified just by circulating the banks and this makes them careful but companies operating in crypto, its just a free for all and that what they are taking advantage of. |
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The real question is who are these set of retirees before we begin to make some conclusions that the entire retirees in Australia are turning towards crypto. I am sure the set of people involved in this case would have been people who during their working years are known to be risk takers, who are not afraid of trying new things are the same time go out to seek knowledge about the best cause of action before investing money into it now that they might not get the chance to recoup fast if the investment go bad now that they are out of work. For me, no matter the population involved, the take out is to celebrate the spread that we have come to know that the use of crypto has now gone beyond the category of millenials and now touching people that have gone ahead of us. |
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Is there any connection between these companies? It looks like they come from the same web designer.
Your username is theblockbox I guess you are related to theblockbox.io Do you have any page with your previous job? I find a section with your project and partnership, but I didn't find any links to the projects.
You have just find the connection between all of the companies because from what Op wrote, he never mentioned that he is reporting for a new agency, or a ranking company or maybe a research outfit to be able to offer opinion on the companies that are best to offer services to the members of the public. Another giveaway is its username which is even related to one of the companies being promoted here. I won't be surprised that the companies are connected either the CEOs are one and the same person, or they are group of friends who just used their areas of specialization as a means to set up their businesses |
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If he manages to survive to survive the onslaught of impeachment against him, I believe he will win. By the time the House finishes their processes which then moved to the Senate, that would be getting to mid 2020 which means with less than 6 months to the election. he moment the Senate shuts down the impeachment moves, and Trump is able to have some major wins in security and economy uplifting, his rating would be so high that the Democrats would have been the one doing the campaign for him. Only needs to go to few debates and slide into victory.
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We see a lot of these Banks that wants to sabotage Bitcoin and Crypto currencies by closing people's Bank accounts. When this happened in countries like Australia, some people closed their Bank accounts in support of these people and they moved their business to other Banks that supported Crypto currencies. They also took this to court and the court decided that this was anti-competitive behavior and they were forced to stop that. So, the question is simple : Would you close your Bank accounts, when your Bank turn against Crypto? Do we need new Banks that would go up against these large Banks to facilitate the conversion of Fiat to Crypto currencies? I think Banks doing this will quickly change their policies, once millions of people start moving their accounts to Banks that supports Crypto currencies. We do not need Banks, because P2P conversion is possible without Banks, but it just makes things so much easier for people dealing with exchanges. What do you say? Please participate in the Poll.  Of course yes. If a bank should close my account, what it means is that they are not ready to do business with me again and there is no point forcing the business relationship all I have to do is to ensure I am able to move all my funds from such bank and move to the one that is receptive of my needs. Its that simple. There are several banks that are even looking for more active customers so it means for any exit, there is one other bank or a banker looking to increase deposit waiting for someone to signup. |
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This entire bitcoin space breeds greed, envy, fear, and lust. All you of hodling bitcoin are mentally ill. You have been conned into thinking bitcoin is going to the moon. It's not. Charts show bitcoin is slowly bleeding to death. Bitcoin is no different than Bernie Madoff's Ponzi scheme where new bag holders are needed to pay off the earlier investors.
Mass adoption of bitcoin will never occur. Sorry! The price is far too unstable to be used as a form of payment. Businesses would get crushed if they took bitcoin as a payment due to the wild price fluctuations. Then you have to worry about the IRS on your ass to pay taxes. Is hodling worth the stress? Absolutely not. That's why women laugh at bitcoin and think it's a scam. Notice the crypto space is all dudes?
Say what you will about the US dollar, but it's still backed by a democracy and the most powerful military in human history. Accepted everywhere. Bitcoin is backed by absolutely nothing. Gold is backed by 5000 years of history of holding value, and is recognized worldwide. Women love gold. It's beautiful and tangible. A real asset worth owning.
I'm sorry, but you HODL'ers are mentally ill and are going to get crushed when bitcoin collapses in the coming recession. Bitcoin is going to get dumped fast as people need money to pay bills and survive. If you bought bitcoin early and already cashed out with gains, you are a wise investor and have my respect. If you're still hodling, your finances and reputation are on the line here. A reputation with your friends and family you can never get back. Don't risk it. Dump your bitcoin now before it wipes you out!
Just like others that have thanked you for your concern, I also want to lend my voice to it in other to appreciate your concerns to the millions of holders across the world to have someone who so much love them to be this concern about their fiduciary interest. But little did you note that anyone who has been involved in crypto knows for a certain the amount of risk he/she is taking on and ready for whatever happens thereafter. Alot of people have equally said more than this even the US President made some comment weeks back, the market felt it but alas its came back stronger. So, its not a new thing to hear, its just something to be used to Thanks again. |
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I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/Unfortunately, only few politicians who are in sensitive roles are interested in what you are doing the majority of others are only interested in what concerns the masses and how they will win their next term in office and nothing else. Now on the issue of KYC, everyone would avoid it if there is a need whether you are a good person having a nice motive for not wanting to be tracked down or a kidnapper or money launderer who wants a form of currency to further expand his criminal network but for KYC, when you begin to imagine the extent at which people would go to make sure another individual suffers or lose his resources for their own pleasure you will understand that KYC is the least of things that should be done to reduce such activities. |
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If there is anything that the market have shown us in recent times, its that the activities of an isolated market does not influence the entire crypto market because while the Argentine market was on the increase, the global market was more of constant which later began to decline. It also shows another message which is that the argument of market manipulation is not a cheap action, because if the entire Argentina market volume cannot push the price up, I wonder the amount a group of people would have to invest to pump the market.
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This is going to be very interesting: Two bitcoin mining giants are fighting for the US market. Bitcoin mining giants Bitmain Technologies and Canaan Creative seem to have found a new area of competition — launching a U.S. IPO. Both companies are set to go head to head in trying to one-up the other in what could be the first-ever crypto-related public offering in the United States. Both companies had a rough 2018 with bear markets and failed IPO attempts in China affecting them. Canaan's reported net revenue for the first 9 months of 2019 was less than a half of what it was the year earlier and Bitmain closing down its Israeli office and laying off 50 percent of its workforce. Nevertheless ,their chip prepayments to TSMS have increased , so this could be a signal for recovery. Read more here: https://bravenewcoin.com/insights/chinese-mining-giants-file-for-ipoThe important thing here is whether the SEC would allow them to list and two whether the public whom they are planning to raise the capital from are really ready for a mining business. A company into mining wanting to go public would be exposing itself to several scrutiny and even some bad mouthing that they themselves are not envisaging. One of those is from the environmentalist who believes that mining would lead to more damage to the ozone layer and since government and corporate organisations are moving towards green energy, I expect opposition from that angle which could be a valid point from those who are on the negative with crypto and its related activities. |
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Reading news like this gives one a kind of mixed feelings on how the crypto market have turned into and the blame is on the founders of Wex since its alleged, I am sure that the FSB would neither confirm nor deny this report whatsoever but the most difficult that needs understanding is howa business is being carried on without understanding the legal parameters of the juridiction they are operating and how would a business manager whose custody the funds of people scattered across the world would deal with authorities without the presence of a lawyer or advised by a legal practitioner on how to deal with them.
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I would disagree that banking is having a difficult time catching up because that is not it at all. The bank occupies a sensitive role in the economy and that is why there is a stiff noose around its activities. If you would want to know, there is no promotion, initiative, service offering that the bank can offer without getting approval from the Central Banks even to the extent of hiring people into some top executive role. Which means if the bank is slowing down, its because the regulators are not giving them the green light and its as simple as that. A multi-trillion dollar industry with access to unlimited funds can hire the best brains to design and won't even mind hiring an entire graduating class to have an edge if allowed
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Depression has been a major topic of discussion as many young adults are snared into this health disorder. There has been a lot of research done to explore the role of exercise and release of endorphins and excitatory neurotransmitters that help to alleviate or reduce the inhibitory neurotransmitters which are implicatory in depression... What do you think about exercise as a treatment modality for depression?
Depression has been a bane in the society which does not even have age limit as to what can be a victim and quite a number of people are really depressed and if not properly handled in real time leads to being suicidal. While all help is needed in other to stop this or put a bane on it, there is need to identify the source of the depression before one can offer a solution. Exercise is not bad, if the source of depression to someone is because of loss of job, after the exercise activity, he is still jobless which means exercise would not end his depression except he gets a job. So also the several reasons why people are depressed to some other people it could be due to bullying, trying to get pregnant, lack of love in the family etc. Exercise can only be ephemeral taking ones mind off it but not a total solution. |
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To even think someone would have $1billion to bribe is just so appalling. While I am not even concerned about whether there was some backdoor discussions with Biden or his son in conjunction with the Ukrainian authorities, $1billion would not move for bribe and someone would not have caught it. Whether Democrats are in power or Republicans are having the day, they still have people in their circles that think beyond party lines but on the path of patriotism for the country which underscore that its not possible for $1billion to be used as bribe. |
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Let's get this started already! Currently on a mixed mood right now. LoL. I wonder how many users will participate this week after starting on an early day.
So here, what if if a certain platform gives a random time for free bets within a minute, would you stay awake and online just to participate on that lucky event? Besides you'll never know you might hit the jackpot after you make all the bets within a minute.
Somewhere like this:
"In this month, we will be having a free bet on a minute just stay tuned for we will hit it randomly and it will be made only 3times as a whole"
Now you guys, hit it!
People have stayed all night for something that they tend to gain any financial gain from. I have seen people stay all night because their favorite team is playing somewhere in Europe that the team or the management of the club have to clue as to whether they live or die and at the same time, nothing $1 is coming into their account as a result of their activity especially those who for one reason or the other don't gambler. I have also seen people wait outside their homes for hours because a politician who is probably still sleeping in his house was scheduled to pass. The point is, if people can do all that, how much more the opportunity to win something especially at to financial cost to them. Just to stay awake, its the least of the things to do including myself. |
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While it is something that is cool for statement to be made, really implementing crypto currency on their platforms goes beyond mentioning it in passing in a press release. The point is the reason for the mentioning might actually because the spur of the moment just makes it seems crypto would have avoided the embarrassment PayPal is bringing to them but to implement it goes beyond that. PayPal remains a giant and they can cut anyone off at anytime they feel its necessary and they are really exercising that power, they decides which service they want to patronise and even countries they decide to entertain and nothing would matter.
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