kerhso (OP)
Sr. Member
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Activity: 284
Merit: 250
🌟 LAToken ICO - August 22, 2017 🌟
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September 24, 2017, 05:51:13 PM |
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What happens to the shares at the expiration of the forward contract on 9/30? Is the trading activity between LAT customers now, or is it just the company doing the trading?
Both, we have market making budget
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monsterdoge
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September 24, 2017, 05:54:26 PM |
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Don't you want to discuss something easier? I do not understand what is KYC and how it relates with LAToken.
Know your customer (KYC) is the process of a business identifying and verifying the identity of its clients. You can check wikipedia for basic understanding. I think that KYC will certainly be introduced on the LAToken platform, and very soon. Major international business can't operate without it in most coutries. But what about anonimity and decentralization? This is main features of cryptocurrencies.
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panteraforlife
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September 24, 2017, 05:58:35 PM |
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Don't you want to discuss something easier? I do not understand what is KYC and how it relates with LAToken.
Know your customer (KYC) is the process of a business identifying and verifying the identity of its clients. You can check wikipedia for basic understanding. I think that KYC will certainly be introduced on the LAToken platform, and very soon. Major international business can't operate without it in most coutries. But what about anonimity and decentralization? This is main features of cryptocurrencies. LAToken not an cryptocurrency, this is buisness. "In order to ensure that our services are not utilized by unwanted and illegal elements to further their illegal motives, we intend to facilitate our operations by means of (i) obtaining sufficient information about our clients and verifying customer identity; (ii) conducting ongoing due diligence of assets tradable on the LAT platform; (iii) highlighting suspicious customers and operations."(C) No anonimity, only full transparent.
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keepinquiet
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September 24, 2017, 06:15:35 PM |
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Don't you want to discuss something easier? I do not understand what is KYC and how it relates with LAToken.
Know your customer (KYC) is the process of a business identifying and verifying the identity of its clients. You can check wikipedia for basic understanding. I think that KYC will certainly be introduced on the LAToken platform, and very soon. Major international business can't operate without it in most coutries. As far as I know they are planning to do so.
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CryptoLogo
Sr. Member
Offline
Activity: 656
Merit: 251
www.fintropy.io
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September 24, 2017, 06:18:55 PM |
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I was wondering recently: can cryptocurrency benefit mutual understanding between nations? I believe we have discussed something related to this earlier, but the international nature of LAToken just keeps arising these thoughts. On one hand, it can meet the requirements of WTO somehow. On the other hand, governments doesn't care about WTO tbh. May LAToken practices bring more order to that system?
You mean that since the trustees will have to act as a mediator between the buyer and the owner they will link countries? I didn't mean that but this is a good idea. Maybe it's more about that the governments will be working together in the KYC sphere?
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monsterdoge
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September 24, 2017, 06:20:38 PM |
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But if I do not want someone to know about my life?
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panteraforlife
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September 24, 2017, 06:25:33 PM |
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But if I do not want someone to know about my life?
Google already knows about you much more than you can imagine. No need to worry about some identify information for future KYC politics on LAToken platform.
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badman74
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September 24, 2017, 06:27:57 PM |
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But if I do not want someone to know about my life?
The data you provide will be protected as confidential. There are not so many cases in which it could be disclosed.
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panteraforlife
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September 24, 2017, 06:33:49 PM |
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I was wondering recently: can cryptocurrency benefit mutual understanding between nations? I believe we have discussed something related to this earlier, but the international nature of LAToken just keeps arising these thoughts. On one hand, it can meet the requirements of WTO somehow. On the other hand, governments doesn't care about WTO tbh. May LAToken practices bring more order to that system?
You mean that since the trustees will have to act as a mediator between the buyer and the owner they will link countries? I didn't mean that but this is a good idea. Maybe it's more about that the governments will be working together in the KYC sphere? Cryptocurriencies and trade based on them can be good for understading between some people from different nations. But for goverments and states this tendencies not good i think.
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CryptoLogo
Sr. Member
Offline
Activity: 656
Merit: 251
www.fintropy.io
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September 24, 2017, 06:39:57 PM |
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I was wondering recently: can cryptocurrency benefit mutual understanding between nations? I believe we have discussed something related to this earlier, but the international nature of LAToken just keeps arising these thoughts. On one hand, it can meet the requirements of WTO somehow. On the other hand, governments doesn't care about WTO tbh. May LAToken practices bring more order to that system?
You mean that since the trustees will have to act as a mediator between the buyer and the owner they will link countries? I didn't mean that but this is a good idea. Maybe it's more about that the governments will be working together in the KYC sphere? Cryptocurriencies and trade based on them can be good for understading between some people from different nations. But for goverments and states this tendencies not good i think. Well, it's arguably. Governments desire to control the financial flows indeed, but not for the expense of their stability. And some free-trade will benefit to their stability. On the other hand, there is money-laundering and illegal activities financing. But LAToken will implement KYC, and governments will cooperate both with LAToken and each other in order to increase their security.
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panteraforlife
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September 24, 2017, 06:49:10 PM |
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Cryptocurriencies and trade based on them can be good for understading between some people from different nations. But for goverments and states this tendencies not good i think.
Well, it's arguably. Governments desire to control the financial flows indeed, but not for the expense of their stability. And some free-trade will benefit to their stability. On the other hand, there is money-laundering and illegal activities financing. But LAToken will implement KYC, and governments will cooperate both with LAToken and each other in order to increase their security. Perhaps my views on this question are too pessimistic, but i see "money-laundering and illegal activities financing" one of the most important spheres of activity of almost any state. I am pretty sure that no one modern state will help to make their financial activities more open for anybody.
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panteraforlife
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September 24, 2017, 06:54:07 PM |
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On the other hand, there is money-laundering and illegal activities financing. But LAToken will implement KYC, and governments will cooperate both with LAToken and each other in order to increase their security.
it is incredibly difficult to try to predict something in this area. But definitely everyone (every state i mean) will try to shove his nose into actions of others, and hide his own way in every possible way.
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CryptoLogo
Sr. Member
Offline
Activity: 656
Merit: 251
www.fintropy.io
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September 24, 2017, 06:57:36 PM |
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Cryptocurriencies and trade based on them can be good for understading between some people from different nations. But for goverments and states this tendencies not good i think.
Well, it's arguably. Governments desire to control the financial flows indeed, but not for the expense of their stability. And some free-trade will benefit to their stability. On the other hand, there is money-laundering and illegal activities financing. But LAToken will implement KYC, and governments will cooperate both with LAToken and each other in order to increase their security. Perhaps my views on this question are too pessimistic, but i see "money-laundering and illegal activities financing" one of the most important spheres of activity of almost any state. I am pretty sure that no one modern state will help to make their financial activities more open for anybody. Well, it's not up to LAToken to disclose states' financial activities even in case it will become a super-corporation But it will do its part to prevent such activities of non-states actors.
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keepinquiet
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September 24, 2017, 06:59:44 PM |
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I was wondering recently: can cryptocurrency benefit mutual understanding between nations? I believe we have discussed something related to this earlier, but the international nature of LAToken just keeps arising these thoughts. On one hand, it can meet the requirements of WTO somehow. On the other hand, governments doesn't care about WTO tbh. May LAToken practices bring more order to that system?
You mean that since the trustees will have to act as a mediator between the buyer and the owner they will link countries? I didn't mean that but this is a good idea. Maybe it's more about that the governments will be working together in the KYC sphere? That's possible too, but personally I stick to the idea that states keep losing their power. The future belongs to corporations.
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panteraforlife
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September 24, 2017, 07:06:55 PM |
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Cryptocurriencies and trade based on them can be good for understading between some people from different nations. But for goverments and states this tendencies not good i think.
Well, it's arguably. Governments desire to control the financial flows indeed, but not for the expense of their stability. And some free-trade will benefit to their stability. On the other hand, there is money-laundering and illegal activities financing. But LAToken will implement KYC, and governments will cooperate both with LAToken and each other in order to increase their security. Perhaps my views on this question are too pessimistic, but i see "money-laundering and illegal activities financing" one of the most important spheres of activity of almost any state. I am pretty sure that no one modern state will help to make their financial activities more open for anybody. Well, it's not up to LAToken to disclose states' financial activities even in case it will become a super-corporation But it will do its part to prevent such activities of non-states actors. I would rather say "keep out from trade platform". The fight against illegal activity is due to other organizations.
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gtac01
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September 24, 2017, 07:14:13 PM |
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That's possible too, but personally I stick to the idea that states keep losing their power. The future belongs to corporations.
The cyberpunk that we deserve.
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keepinquiet
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September 24, 2017, 07:19:11 PM |
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That's possible too, but personally I stick to the idea that states keep losing their power. The future belongs to corporations.
The cyberpunk that we deserve. I don't believe there will be "Ghost in the Shell" IRL, but maybe in a way...
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CryptoLogo
Sr. Member
Offline
Activity: 656
Merit: 251
www.fintropy.io
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September 24, 2017, 07:22:39 PM |
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Cryptocurriencies and trade based on them can be good for understading between some people from different nations. But for goverments and states this tendencies not good i think.
Well, it's arguably. Governments desire to control the financial flows indeed, but not for the expense of their stability. And some free-trade will benefit to their stability. On the other hand, there is money-laundering and illegal activities financing. But LAToken will implement KYC, and governments will cooperate both with LAToken and each other in order to increase their security. Perhaps my views on this question are too pessimistic, but i see "money-laundering and illegal activities financing" one of the most important spheres of activity of almost any state. I am pretty sure that no one modern state will help to make their financial activities more open for anybody. Well, it's not up to LAToken to disclose states' financial activities even in case it will become a super-corporation But it will do its part to prevent such activities of non-states actors. I would rather say "keep out from trade platform". The fight against illegal activity is due to other organizations. Yes, indeed. LAToken doesn't want troubles from both sides
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panteraforlife
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September 24, 2017, 07:23:48 PM Last edit: September 24, 2017, 07:37:55 PM by panteraforlife |
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That's possible too, but personally I stick to the idea that states keep losing their power. The future belongs to corporations.
The cyberpunk that we deserve. I don't believe there will be "Ghost in the Shell" IRL, but maybe in a way... From the point of view of fulfilling the criterion "high tech, low life", many countries lived in cyberpunk already.
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keepinquiet
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September 24, 2017, 07:37:16 PM |
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That's possible too, but personally I stick to the idea that states keep losing their power. The future belongs to corporations.
The cyberpunk that we deserve. I don't believe there will be "Ghost in the Shell" IRL, but maybe in a way... From the point of view of fulfilling the criterion "high tech, low life", many countries lived in cyberpunk already. Well, let's hope LAToken will make it "high tech, high life"
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