PNNV.com - instant exchange!

[AB de Royse777]

For example, I do not regularly check whether the Bitcoin I received is "dirty" or not. I know that I got it lawfully, but now I have to worry about whether the exchange ^{to whom I trusted and sent my money} will seize them because they estimated that someone once used the same Bitcoin for illegal things.

How about someone knows your address, they have "dirty" money, they sent a little amount to your address and your all coin become "dirty". I guess as we progress, as the days are going - we are becoming more paranoid. There is a scary environment everywhere. :-(

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Based on the information I know about ChangeNOW, they will freeze the crypto they don't like. You first have to provide them the information they want to get it back. Please correct me if I am wrong here as well. If I am not wrong, how is it then that you can get them back if the person making the exchange refuses to undergo KYC or share any information about SoF?

I'm not sure if I understood correctly, but it seems that pnnv no longer does the exchange as a Changenow partner but in its management. Or it has yet to be implemented. Perhaps AgentF should explain clearly.

EDIT: title has been edited im also working on my own solution without involving 3rd party providers.

How about someone knows your address, they have "dirty" money, they sent a little amount to your address and your all coin become "dirty". I guess as we progress, as the days are going - we are becoming more paranoid. There is a scary environment everywhere. :-(

You have a right point here.
Thanks to the high fees, I now pay much more attention to Coin control when sending, so I have more chances to avoid this scenario.

[Pmalek]

I'm not sure if I understood correctly, but it seems that pnnv no longer does the exchange as a Changenow partner but in its management. Or it has yet to be implemented. Perhaps AgentF should explain clearly.

I think they are still a ChangeNOW partner service. The post you quoted from agentF is a work in progress the way I understood it. He is thinking about implementing the swap in a different way, which wouldn't involve a 3rd party. But I don't think that he has already done it.

[dkbit98]

NO KYC EXCHANGE = MIXER.

You can't put a ''mixer'' sticker on anything you want  
Bisq is open source decentralized exchange without any kyc and it's not a mixer.
You can't send Bitcoin to any exchange and receive different bitcoin back, so exchanges are not a mixer by definition.
Some third party partners can also make any bitcoin risky, even if it's coming from casinos and gambling, that is silly and it makes bitcoin fungibility questionable.

[Pmalek]

You can't send Bitcoin to any exchange and receive different bitcoin back, so exchanges are not a mixer by definition.

Exchanges shouldn't be considered mixers. I agree with that. But you are getting different coins back if you perform a swap before withdrawing. Deposit bitcoin, swap it for a different asset, and then after some time, swap the received asset for bitcoin again and withdraw. You are not going to get the same BTC back that you initially deposited. I am not saying that the exchange won't see what you did and what you swapped, but they are different BTC UTXOs.

[agentF]

I'm still using ChangeNOW as a partner.

I have a decent volume per day (around 50K-100K per day), but I'm thinking of disconnecting from ChangeNOW as I want to avoid any mistakes that could lead to a KYC requirement.
So far, I have had only one case of KYC requirements. I dealt directly with the company and sent the customer my own funds.

I'm known on Twitter (I won't share my handle on this forum), but I'm considered an influencer, and they're marketing with me as well.

[aliveNFT]

I'm still using ChangeNOW as a partner.

I have a decent volume per day (around 50K-100K per day), but I'm thinking of disconnecting from ChangeNOW as I want to avoid any mistakes that could lead to a KYC requirement.
So far, I have had only one case of KYC requirements. I dealt directly with the company and sent the customer my own funds.

I'm known on Twitter (I won't share my handle on this forum), but I'm considered an influencer, and they're marketing with me as well.

I remember mentioning it.
First, you collect a clientele (a permanent base) and then switch to your exchange software and get 100% profit instead of the interest rate from ChangeNOW.
This is 100% properly invested effort and time, I will be glad to use your exchanger as soon as you get rid of ChangeNOW
Keep developing!

[Pmalek]

I have a decent volume per day (around 50K-100K per day), but I'm thinking of disconnecting from ChangeNOW as I want to avoid any mistakes that could lead to a KYC.

What do you envision the future for PNNV.com to be like? Remember when I asked you about ChipMixer and Sinbad coins, you said you didn't want to be associated with that. But by distancing yourself from ChangeNOW for KYC reasons, does that mean no chances for KYC in the future regardless of the origin of funds? Or will unwanted coins still be rejected using a different algorithm? 

[agentF]

I have a decent volume per day (around 50K-100K per day), but I'm thinking of disconnecting from ChangeNOW as I want to avoid any mistakes that could lead to a KYC.

What do you envision the future for PNNV.com to be like? Remember when I asked you about ChipMixer and Sinbad coins, you said you didn't want to be associated with that. But by distancing yourself from ChangeNOW for KYC reasons, does that mean no chances for KYC in the future regardless of the origin of funds? Or will unwanted coins still be rejected using a different algorithm? 

I won't lie to you. I believe in freedom of choice. I really like DEXs without the KYC requirement, not for money laundering purposes.
I will create a DEX swap without KYC, but it will take time as I manage different projects.

[Pmalek]

I won't lie to you. I believe in freedom of choice. I really like DEXs without the KYC requirement, not for money laundering purposes.
I will create a DEX swap without KYC, but it will take time as I manage different projects.

Be careful. I don't know where you are from, but something tells me you are from the US. And when I say the US, I mean the TSA (the Tyrannical States of America). You said that you are a popular influencer. Perhaps you are thinking of connecting your real name to your upcoming DEX. Dictatorships, like the US, have changed course and want to make example of bitcoiners and those not in sync with their goals. Would be a shame if the exchange becomes a great success and your name ends up on a warrant. 

[agentF]

I won't lie to you. I believe in freedom of choice. I really like DEXs without the KYC requirement, not for money laundering purposes.
I will create a DEX swap without KYC, but it will take time as I manage different projects.

Be careful. I don't know where you are from, but something tells me you are from the US. And when I say the US, I mean the TSA (the Tyrannical States of America). You said that you are a popular influencer. Perhaps you are thinking of connecting your real name to your upcoming DEX. Dictatorships, like the US, have changed course and want to make example of bitcoiners and those not in sync with their goals. Would be a shame if the exchange becomes a great success and your name ends up on a warrant. 

Not a US citizen. Im a ukrainian.

[LoyceV]

I DO NOT REQUIRE KYC AND WILL NEVER ASK FOR IT.

NO KYC EXCHANGE = MIXER.

Adding those statements together, this makes your exchange a mixer. I take it that wasn't your intention.

[agentF]

I DO NOT REQUIRE KYC AND WILL NEVER ASK FOR IT.

NO KYC EXCHANGE = MIXER.

Adding those statements together, this makes your exchange a mixer. I take it that wasn't your intention.

It definitely was not my intention.
I am very cautious due to recent events in the mixer industry.