[ANN] Viacoin (VIA) - Safe | Segwit | Lightning Network | Auxpow | Fast

[aomine95]

The hardest part of all this I've found is still the link between digital currency Exchanges and the legacy banking system, three banks have arbitrarily closed down my accounts in the last year, one that I'd been banking with for over forty years, though I never did any virtual currency stuff through some of them so I don't know for sure why that was, but I finally found a way to safely move funds to fiat that was also acceptable to the system in place currently, at least so far, touch wood.

edit to add: shout out to Niel at Mysteries, Covent Garden, London, UK

Good job on your holdings!  I only have peanuts, but, I'm still concerned about moving funds to fiat.  Can you elaborate on moving funds to fiat?  I'm considering Coinbase to Bank Account.

That should be perfectly fine for those sort of amounts, even up to mid size np.

IOTA added

https://i.imgur.com/gJ9aPja.jpg

Hey, could you explain how to take large amounts out of crypto? Most exchanges have limits of 50k per day and that seems very hard to take 5M out, yet alone 100M.

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[wheelz1200]

The hardest part of all this I've found is still the link between digital currency Exchanges and the legacy banking system, three banks have arbitrarily closed down my accounts in the last year, one that I'd been banking with for over forty years, though I never did any virtual currency stuff through some of them so I don't know for sure why that was, but I finally found a way to safely move funds to fiat that was also acceptable to the system in place currently, at least so far, touch wood.

edit to add: shout out to Niel at Mysteries, Covent Garden, London, UK

Good job on your holdings!  I only have peanuts, but, I'm still concerned about moving funds to fiat.  Can you elaborate on moving funds to fiat?  I'm considering Coinbase to Bank Account.

That should be perfectly fine for those sort of amounts, even up to mid size np.

IOTA added

https://i.imgur.com/gJ9aPja.jpg

Hey, could you explain how to take large amounts out of crypto? Most exchanges have limits of 50k per day and that seems very hard to take 5M out, yet alone 100M.

Im sure he uses his own wallet and not bought all at one time at a market buy.  Never...ever....keep your coins you plan on holding in an exchange unless you want to be another statistuc one day.  Its a sure fire way to lose all you have in crypto.

[DiCE1904]

Thanks for sharing Otoh. Its always amazing to see the wealth people have been able to acquire with crypto. Well done man.


Looks like its time to buy some VIA

[aomine95]

The hardest part of all this I've found is still the link between digital currency Exchanges and the legacy banking system, three banks have arbitrarily closed down my accounts in the last year, one that I'd been banking with for over forty years, though I never did any virtual currency stuff through some of them so I don't know for sure why that was, but I finally found a way to safely move funds to fiat that was also acceptable to the system in place currently, at least so far, touch wood.

edit to add: shout out to Niel at Mysteries, Covent Garden, London, UK

Good job on your holdings!  I only have peanuts, but, I'm still concerned about moving funds to fiat.  Can you elaborate on moving funds to fiat?  I'm considering Coinbase to Bank Account.

That should be perfectly fine for those sort of amounts, even up to mid size np.

IOTA added

https://i.imgur.com/gJ9aPja.jpg

Hey, could you explain how to take large amounts out of crypto? Most exchanges have limits of 50k per day and that seems very hard to take 5M out, yet alone 100M.

Im sure he uses his own wallet and not bought all at one time at a market buy.  Never...ever....keep your coins you plan on holding in an exchange unless you want to be another statistuc one day.  Its a sure fire way to lose all you have in crypto.

No I mean, to take it out of crypto you take it out of your cold storage into an exchaneg adn then exchange into USD. But how do you do such a large amount.

[syclone]

The hardest part of all this I've found is still the link between digital currency Exchanges and the legacy banking system, three banks have arbitrarily closed down my accounts in the last year, one that I'd been banking with for over forty years, though I never did any virtual currency stuff through some of them so I don't know for sure why that was, but I finally found a way to safely move funds to fiat that was also acceptable to the system in place currently, at least so far, touch wood.

edit to add: shout out to Niel at Mysteries, Covent Garden, London, UK

Good job on your holdings!  I only have peanuts, but, I'm still concerned about moving funds to fiat.  Can you elaborate on moving funds to fiat?  I'm considering Coinbase to Bank Account.

That should be perfectly fine for those sort of amounts, even up to mid size np.

IOTA added

https://i.imgur.com/gJ9aPja.jpg

Hey, could you explain how to take large amounts out of crypto? Most exchanges have limits of 50k per day and that seems very hard to take 5M out, yet alone 100M.

Im sure he uses his own wallet and not bought all at one time at a market buy.  Never...ever....keep your coins you plan on holding in an exchange unless you want to be another statistuc one day.  Its a sure fire way to lose all you have in crypto.

No I mean, to take it out of crypto you take it out of your cold storage into an exchaneg adn then exchange into USD. But how do you do such a large amount.

You raise your limits... think outside of the square box.     Exchanges will give you a much larger withdrawal limit if you ask.

[Otoh]

The hardest part of all this I've found is still the link between digital currency Exchanges and the legacy banking system, three banks have arbitrarily closed down my accounts in the last year, one that I'd been banking with for over forty years, though I never did any virtual currency stuff through some of them so I don't know for sure why that was, but I finally found a way to safely move funds to fiat that was also acceptable to the system in place currently, at least so far, touch wood.

edit to add: shout out to Niel at Mysteries, Covent Garden, London, UK

Good job on your holdings!  I only have peanuts, but, I'm still concerned about moving funds to fiat.  Can you elaborate on moving funds to fiat?  I'm considering Coinbase to Bank Account.

That should be perfectly fine for those sort of amounts, even up to mid size np.

IOTA added

https://i.imgur.com/gJ9aPja.jpg

Hey, could you explain how to take large amounts out of crypto? Most exchanges have limits of 50k per day and that seems very hard to take 5M out, yet alone 100M.

I have a limit of $100k per day on Polo, it needed a Skype interview etc with their compliance guy, I'm trying to up it atm but they're swamped and unresponsive recently.

I can take out any amount from Bitstamp, ie last withdrawal was > $1.1MM but they keep thinking up new hoops for me to jump through, latest was that I had to sign messages from the BTC addies that I've used for years to prove that they're mine, but with patience one can get 7 figure amounts out, cost $915 in BS fees though, usually takes 4 biz days to be in my bank account.

The main hurdle is finding a bank that will not freak out when regular large amounts come in from Bitstamp's Estonian bank which raises red flags for them and also when you open bank accounts, especially USD offshore ones, they ask you to estimate how much you're likely to be paying in each month, this is impossible to estimate due to crypto volatility without unnecessarily restricting yourself, so when I estimated $250k per month and paid in $500 to $750 as I'd just found a property that I really wanted and BTC was at an ATH that also freaked them out.

When you get to amounts like $100MM you are in the 0.1% and everything becomes possible then and a good wealth manager will make all the intros that you need so long as you can prove that your wealth was obtained legitimately, in fact they'll even do this for free if you play your cards right on the probability or unsaid understanding that you may choose to show your gratitude by giving them a bunch of your wealth to manage long term if you're sufficiently impressed by how they can open doors and get stuff done and their track record.

[Otoh]

The hardest part of all this I've found is still the link between digital currency Exchanges and the legacy banking system, three banks have arbitrarily closed down my accounts in the last year, one that I'd been banking with for over forty years, though I never did any virtual currency stuff through some of them so I don't know for sure why that was, but I finally found a way to safely move funds to fiat that was also acceptable to the system in place currently, at least so far, touch wood.

edit to add: shout out to Niel at Mysteries, Covent Garden, London, UK

Good job on your holdings!  I only have peanuts, but, I'm still concerned about moving funds to fiat.  Can you elaborate on moving funds to fiat?  I'm considering Coinbase to Bank Account.

That should be perfectly fine for those sort of amounts, even up to mid size np.

IOTA added

https://i.imgur.com/gJ9aPja.jpg

Hey, could you explain how to take large amounts out of crypto? Most exchanges have limits of 50k per day and that seems very hard to take 5M out, yet alone 100M.

I have a limit of $100k per day on Polo, it needed a Skype interview etc with their compliance guy, I'm trying to up it atm but they're swamped and unresponsive recently.

I can take out any amount from Bitstamp, ie last withdrawal was > $1.1MM but they keep thinking up new hoops for me to jump through, latest was that I had to sign messages from the BTC addies that I've used for years to prove that they're mine, but with patience one can get 7 figure amounts out, cost $915 in BS fees though, usually takes 4 biz days to be in my bank account.

The main hurdle is finding a bank that will not freak out when regular large amounts come in from Bitstamp's Estonian bank which raises red flags for them and also when you open bank accounts, especially USD offshore ones, they ask you to estimate how much you're likely to be paying in each month, this is impossible to estimate due to crypto volatility without unnecessarily restricting yourself, so when I estimated $250k per month and paid in $500 to $750 as I'd just found a property that I really wanted and BTC was at an ATH that also freaked them out.

When you get to amounts like $100MM you are in the 0.1% and everything becomes possible then and a good wealth manager will make all the intros that you need so long as you can prove that your wealth was obtained legitimately.

Did you ever ran into issues with the IRS asking where your crypto comes from?

No, one I'm not an American citizen or resident & two I relocated to a zero capital gains tax jurisdiction before cashing any out, no income tax returns (declarations) there either which is great as it would be a PITA to try and keep records of the trading that I do. I assume that you meant this rather than where the crypto comes from, actually maybe you did mean exactly what you asked, that's something that the Exchanges are more concerned about but luckily I have quite a public record of my early involvement and details/proof/screenies etc of fiat transfers to old Exchanges like Britcoin ($3/BTC in 2011), Gox ($5 in 2012) etc, posts on this forum and so on, but even with that many banks arbitrarily closed my accounts and wouldn't tell me why, it's a bit like playing wack-a-mole and I endeavor to open new accounts faster than the old ones get terminated.

[Otoh]

The hardest part of all this I've found is still the link between digital currency Exchanges and the legacy banking system, three banks have arbitrarily closed down my accounts in the last year, one that I'd been banking with for over forty years, though I never did any virtual currency stuff through some of them so I don't know for sure why that was, but I finally found a way to safely move funds to fiat that was also acceptable to the system in place currently, at least so far, touch wood.

edit to add: shout out to Niel at Mysteries, Covent Garden, London, UK

Good job on your holdings!  I only have peanuts, but, I'm still concerned about moving funds to fiat.  Can you elaborate on moving funds to fiat?  I'm considering Coinbase to Bank Account.

That should be perfectly fine for those sort of amounts, even up to mid size np.

IOTA added

https://i.imgur.com/gJ9aPja.jpg

That´s just amazing! thanks for sharing. Very motivating. Do you think CRW is worth a buy ? you are probably holding since 2014 right?

Yep I like CRW a lot and do think it has tons of potential, one of it's devs is a friend and they do great work and are very dedicated like Ramano is for Viacoin, I bought only earlier this year, market buys mostly, made it a new ATH iirc maybe was 0.0001 BTC.

[Zegra]

Thanks for the info Otoh. You saw how great crypto is and now you reap the rewards. What happens when a bank closes your account? Your money is locked and you need to jump through hoops to get it released so you can move to another bank?

[romanornr]

I wrote the code for Ledger hardware wallet support for Viacoin.
It was easy, just a few minutes work.

Repositories:

https://github.com/romanornr/blue-app-btc/commit/dfacd6019cf821dc9867057c7fec2c9ad7f54324
(Only thing I have to do is adding icons)
https://github.com/romanornr/ledger-wallet-chrome/commit/9802c6a2ed27ae2da1a606842b111eacbb914cf8

If anyone sees I am missing something or doing something wrong, let me know.
I just mailed Ledger for adding Viacoin.

They only ask $5k I heard  
Unless I am wrong, I heard from one of the $CRW devs it's $50k

[Alohaboy?!]

I wrote the code for Ledger hardware wallet support for Viacoin.
It was easy, just a few minutes work.

Repositories:

https://github.com/romanornr/blue-app-btc/commit/dfacd6019cf821dc9867057c7fec2c9ad7f54324
(Only thing I have to do is adding icons)
https://github.com/romanornr/ledger-wallet-chrome/commit/9802c6a2ed27ae2da1a606842b111eacbb914cf8

If anyone sees I am missing something or doing something wrong, let me know.
I just mailed Ledger for adding Viacoin.

They only ask $5k I heard  
Unless I am wrong, I heard from one of the $CRW devs it's $50k

Are you going to integrate it in trezor as well?

[muleroaa]

I wrote the code for Ledger hardware wallet support for Viacoin.
It was easy, just a few minutes work.

Repositories:

https://github.com/romanornr/blue-app-btc/commit/dfacd6019cf821dc9867057c7fec2c9ad7f54324
(Only thing I have to do is adding icons)
https://github.com/romanornr/ledger-wallet-chrome/commit/9802c6a2ed27ae2da1a606842b111eacbb914cf8

If anyone sees I am missing something or doing something wrong, let me know.
I just mailed Ledger for adding Viacoin.

They only ask $5k I heard  
Unless I am wrong, I heard from one of the $CRW devs it's $50k

I think it costs $50k if you want a branded version, i.e. with Viacoin logo on the Ledger. I think the $50k also includes around 100 Ledger Nano S devices with your branded logo on it, but not quite sure.

Would be awesome though, also gives a lot more visibility if the Viacoin logo is shown on their website/in the Chrome App.

[cryptocratic]

Otoh, why so much share to bitcoin???

[skidog]

Live in some states and they will block you from an exchange. In Washington, Hawaii, and areas of NY, you can't get on Poloniex. And this $2000 dollar transfer is really getting annoying. Sorry daily rant.

What's new in Via world. Looking to invest long term.

[Xosihc]

Yeah, I meant exactly what I asked . If I deposit an (unusual) large amount of money to my account the bank will flag it as an unusual transaction. They are obliged to contact the IRS about those types of transactions (due to money laundering, terrorist funding etc.). I'm pretty sure I would have to go through a lot of trouble to explain where the funds came from.

I can't speak on levels that Otoh talks about, but I've cashed out some pretty large sums of money myself from crypto. Like Otoh was saying I've played musical chairs with banks over the last few years, primarily because of bitstamp withdrawals.

From my experience, I've had 2 bank accounts shut down and both times it came via a letter in the mail letting me know my account was going to be closed. I still had full access to my money and was able to withdrawal it. One time because of my own confusion my money got locked up and they sent the remaining balance to me via cashiers checks after the account had closed.

Yes it's a problem with banks in the US - but no they don't start prying and poking into your business about where you got the money. They simply tell you they are closing your accounts in xx amount of days.

[Otoh]

Thanks for the info Otoh. You saw how great crypto is and now you reap the rewards. What happens when a bank closes your account? Your money is locked and you need to jump through hoops to get it released so you can move to another bank?

If they suspect you've done anything illegal (or quasi-illegal) then they'll freeze the money and you may end up needing a lawyer to get it back, certainly will take ages and be a right PITA anyway, it happened to one crypto guy I deal with, took over one year, to get the money out but fortunately in all my cases they just gave me 6 (or 3, forgot which now) months notice that they'll close the account (not because they like you, but they are obliged to), in the UK you can complain to the banking ombudsman, but they are toothless and do FA, in the mean time you can carry on using the account as normal and drain it before the end or they'll just send you a cheque.

The best I found is to go to another bank and say that you're dissatisfied with your old bank and want them to close the account for you and transfer it to them, direct debits, standing orders, contacts and all, they all love to do this and some even reward you, ie Halifax gave me 100 quid opening bonus, it's a small way to get back a little at your old bank.

One though only gave me only six weeks or something, an Isle of Man offshore bank, so I asked them if it was OK to continue to use the account normally until then, they said yes, I then said that I'd send my Bitstamp balance to them (a lot at the time), that freaked them out and they almost pleaded with me to not send any more from the Estonian bank and gave me much longer to GTFO, in fact extended it twice as it really took some time to organise a bank that could accept the Bitstamp funds I needed for a property purchase that I'd already committed to.

[Otoh]

I wrote the code for Ledger hardware wallet support for Viacoin.
It was easy, just a few minutes work.

Repositories:

https://github.com/romanornr/blue-app-btc/commit/dfacd6019cf821dc9867057c7fec2c9ad7f54324
(Only thing I have to do is adding icons)
https://github.com/romanornr/ledger-wallet-chrome/commit/9802c6a2ed27ae2da1a606842b111eacbb914cf8

If anyone sees I am missing something or doing something wrong, let me know.
I just mailed Ledger for adding Viacoin.

They only ask $5k I heard  
Unless I am wrong, I heard from one of the $CRW devs it's $50k

This is great news, I'll send you a reward as soon as it's live and would be happy to contribute to getting Ledger to add it as well, just let me know, I use a Ledger Blue for BTC, DASH, ZEC, ETH, LTC & Stratis so far...

[Otoh]

Otoh, why so much share to bitcoin???

I have a lot of physical bitcoins, Casascius mostly from way back, over 700 BTC if include their premium, I treat these as sort of cold storage and for if ever BTC gets it's shit together, or does a super bubble because Amazon adds it or when the Euro goes tits up or a black swan event like Satoshi resurrects to kick some core arse and does a Bill Gates foundation type of thing with his insta-mine stash, maybe central banks adding it to their national reserves to prop up failing fiats.

Edit & as I said, the BTC balance includes quite a few ICO coins that aren't listed on the Exchanges or I just didn't get around to adding them as yet, ie 25 BTC of RLC (IEXEC) + 20 BTC of BCAP + 25 BTC funding for Lealana Kamehameha coins + 3 BTC Casascius 'void' press release coin + 50 BTC of Boscoins + 55 BTC of Atom coins, Cosmos.

Some are reserved for Tezos and other Alts, waiting for the right moments.

Plus I day trade BTC a lot, so keep a healthy balance to catch the volatility, that's been great recently.

Last, but not least bitcoin is up from $1,000 to approx $2,500 since April, nothing shabby there.

[Seanzqt]

To help grow VIA I have invested $62,000.00 AUD on Poloniex.

Best of luck with the development and to the dev, I looked at VIA long ago and did invest and sell, this time, with the great work you are achieving I think it is about time I put a big chunk of my portfolio down on VIA and see how we go.
 
https://www.reddit.com/r/viacoin/comments/6hzdsz/invested_aud_in_to_via/

 

[irixo10]

Rises from 0.00001000 impressive, we will see until where it arrives at the moment it continues in tendency to the clear rise