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mdayonliner
Copper Member
Sr. Member
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Activity: 630
Merit: 420
We are Bitcoin!
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June 05, 2018, 12:08:58 PM |
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I always thought it's an advantage for NEO. It's an extra layer. For example Ethereum: Digital asset plus smart contract. NEO has both but in addition it also has digital identity. In NEO network everyone has their digital identity. I always believed in NEO. May be they will have hard time if it happens (exchanges are closing the privacy oriented coin pairs). There are already some good projects built on NEO platform and more are are in progress. NEO should survive, as long as we will see people are using the platform to build their applications.
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suchmoon
Legendary
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Activity: 3654
Merit: 8922
https://bpip.org
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June 05, 2018, 04:56:24 PM |
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This will probably end up in an ever-deepening split between regulated and unregulated markets. Exchanges and other services in countries like the US, particularly ones dealing with fiat, will be compelled to comply with regulations, full KYC, etc. Offshore / crypto-only services will still exist without KYC - I think there is a demand for that. Regulators and lawmakers don't really grasp the technology so they will simply squeeze the compliant entities as much as they can and declare others as outlaws/terrorists etc. Not sure whether sending crypto from one side to the other can be successfully restricted. You can put any coin through a mixer.
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paxmao (OP)
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Activity: 2198
Merit: 1584
Do not die for Putin
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June 05, 2018, 09:25:22 PM |
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This will probably end up in an ever-deepening split between regulated and unregulated markets. Exchanges and other services in countries like the US, particularly ones dealing with fiat, will be compelled to comply with regulations, full KYC, etc. Offshore / crypto-only services will still exist without KYC - I think there is a demand for that. Regulators and lawmakers don't really grasp the technology so they will simply squeeze the compliant entities as much as they can and declare others as outlaws/terrorists etc. Not sure whether sending crypto from one side to the other can be successfully restricted. You can put any coin through a mixer.
Now that you mention mixers, could you point out some that you think a legit and worthy?
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suchmoon
Legendary
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Activity: 3654
Merit: 8922
https://bpip.org
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June 05, 2018, 09:34:58 PM |
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This will probably end up in an ever-deepening split between regulated and unregulated markets. Exchanges and other services in countries like the US, particularly ones dealing with fiat, will be compelled to comply with regulations, full KYC, etc. Offshore / crypto-only services will still exist without KYC - I think there is a demand for that. Regulators and lawmakers don't really grasp the technology so they will simply squeeze the compliant entities as much as they can and declare others as outlaws/terrorists etc. Not sure whether sending crypto from one side to the other can be successfully restricted. You can put any coin through a mixer.
Now that you mention mixers, could you point out some that you think a legit and worthy? Chipmixer.com is the one I use.
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Don Pedro Dinero
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Activity: 1302
Merit: 1520
The first decentralized crypto betting platform
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June 06, 2018, 04:35:45 AM |
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Offshore / crypto-only services will still exist without KYC - I think there is a demand for that.
I'm not so sure of this. Most offshore fiat banks require KYC if you want to open an account with them. They even require KYC for bitcoin cards from very low amounts.
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suchmoon
Legendary
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Activity: 3654
Merit: 8922
https://bpip.org
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June 06, 2018, 12:58:28 PM |
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Offshore / crypto-only services will still exist without KYC - I think there is a demand for that.
I'm not so sure of this. Most offshore fiat banks require KYC if you want to open an account with them. They even require KYC for bitcoin cards from very low amounts. Sorry, ignore the slash in my post. I meant crypto-only, non-fiat services.
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paxmao (OP)
Legendary
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Activity: 2198
Merit: 1584
Do not die for Putin
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June 07, 2018, 03:28:28 PM |
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Offshore / crypto-only services will still exist without KYC - I think there is a demand for that.
I'm not so sure of this. Most offshore fiat banks require KYC if you want to open an account with them. They even require KYC for bitcoin cards from very low amounts. Sorry, ignore the slash in my post. I meant crypto-only, non-fiat services. Maybe Binance moving to Malta is an indication of their stance on this.
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suchmoon
Legendary
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Activity: 3654
Merit: 8922
https://bpip.org
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June 07, 2018, 03:36:50 PM |
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Offshore / crypto-only services will still exist without KYC - I think there is a demand for that.
I'm not so sure of this. Most offshore fiat banks require KYC if you want to open an account with them. They even require KYC for bitcoin cards from very low amounts. Sorry, ignore the slash in my post. I meant crypto-only, non-fiat services. Maybe Binance moving to Malta is an indication of their stance on this. I don't know what Binance is trying to do with this but I have a feeling their KYC policy will change for the worse. I just hope that they will offer a grace period to withdraw the funds if they lower or remove their 2-BTC-no-questions-asked limit.
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