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Author Topic: Will you use an anonymous payment system?  (Read 430 times)
kceekcee
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December 15, 2019, 05:52:29 PM
 #41

I do not think there is any reason to worry about anonynmity anymore
the presence of crypto currency is to keep you private and unknown to all..

Make your payments via bitcoin, etherum or perhaps ltc, you have all the privacy you want.

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December 15, 2019, 06:01:19 PM
 #42

4) Uses no law of any Country, we want to create our own laws guiding the platform and power to vote would be allocated to stake holders (stake holders are the investors, investors are those who own a portion of the equity coin)

I hope you understand that this is simply impossible. You have to register a company somewhere and if you don't how are you going to run the servers? The system has to be located somewhere and you will have to be accessing it from somewhere.

Ross Ulbricht also thought he could build something like that and they traced him into a public wifi in a library.
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December 15, 2019, 06:02:19 PM
 #43

Do you think remaining anonymous as the lead team will affect trust?

Yes.
To get merchants/retail to accept your system, you will have to show face, at least  to them.
No serious business will make a deal with an anonymous entity


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December 15, 2019, 10:05:29 PM
 #44

We are building a payment system like perfect money and the rest. The team want to remain anonymous cos of the following;
If you can install the system as you describe, your project will be one of the very few privacy project on the market. So, considering that the project is privacy, how do you intend to provide confidence to find someone to support you? Because we do not have an option to investigate the project. Also, will it be able to compete with projects like XMR, 0x, Zcash?
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December 15, 2019, 10:57:37 PM
 #45

We are building a payment system like perfect money and the rest. The team want to remain anonymous cos of the following;

1) Regulations: We want users to be able to transfer lot of funds anonymously just like the way Bitcoin was initially designed. Verification won't be mandatory, even without verification users would be able to still send up to $50k daily.

2) Taxes: We are building a tax free payment system thereby making it possible for anyone to send and receive payment for free without any charge.

3) Bank Alternative: International transfer of money would be from peer to peer making it possible to transfer up to $100,000 in a day to any country and withdrawal orders would be fulfilled by Approved Merchants on the platform.


4) Uses no law of any Country, we want to create our own laws guiding the platform and power to vote would be allocated to stake holders (stake holders are the investors, investors are those who own a portion of the equity coin)



5) We are building a payment platform that would be controlled by the people without any Government interference.



We want to achieve a semi decentralized system with lots of advance features. The team has already spent up to $50k already in its development and planning also we intend to launch around early days in March, 2020.

Do you think remaining anonymous as the lead team will affect trust?
Exiting process but don't think still exists in cryptocurrency same process, although tax free payment system this is good. But if you don't use any law of any country and without government interfere than same to Bitcoin just banned. As providing purpose could be use for unregulated reasons.
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December 16, 2019, 04:52:03 PM
Last edit: December 16, 2019, 11:21:48 PM by leatutz
 #46

It's kinda great of a project but I am wondering how would you be linked with merchants especially that they're regulated by the government. Well I kinda have that app already in my country so unless you're quite competitive enough to be better than the app we use here in my country then I might consider that. Taxes could convince me somehow .
I won't use any anonymous payment system for linked with merchants which is regulated by government. In control of government any service why merchants will accept anonymous payment. This can't be a good project because will banned the license when merchants accept any payment system without taxes.

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December 16, 2019, 05:10:08 PM
 #47

I'd use it if you were able to do it, but you aren't and nobody else will. Bitcoin works because there's no single point of failure in the system and no person that can be extorted and taken to court by the government. In your case OP, you and whoever is building this system will be its weak point. You will never be able to make a decentralized independent form of payment that will at the same time convert coins to fiat. How will that work? Where are you going to take fiat from? Steal it? The banks won't work with someone who doesn't pay taxes and doesn't have a registered and licensed company.
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December 16, 2019, 05:54:38 PM
 #48

Thanks all for the observations and comments. But first let me correct few things

1) The payment system is a platform not a coin. We aren't transferring funds from a coin, I said we are transferring funds from one account to the other which can then be withdrawn via any payment choice. I wonder why people are saying bitcoin already provides this.


2) Like I said, I didn't say there won't be KYC at all, just that account without kyc can also still use the platform and also there are other things they can't also do on the platform

3) You cannot prevent fraud 100%, no system can assure you of that, but we would try our best to see how this can be reduced to the barest minimum.

4) We really want something  anonymous, we are ready to invest on private servers just to make this work. The Banks are ripping us off and we are committed towards building a solution that can really compete and also provide better results.


I will show white paper soon.

Thanks
Regards.




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December 16, 2019, 06:23:48 PM
 #49

Why not, there are enough coins that are offering completely anonymous transactions, especially Monero. You can also use Bitcoin mixer if you prefer to hold your funds in BTC. The problem of such systems, is that they are very likely to get banned after the mass adoption.
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December 16, 2019, 08:58:52 PM
 #50

Behind the payment systems are the state. What if it's just math? I'm in this excitement. That's why we're in this market. I don't know because I can't say this system will be better. But worth trying. Already Cryptocurrency is being tested by a large community.

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December 30, 2019, 11:18:41 AM
 #51

working with customs of network as delivering service for public of indonesia
we are working with own e-wallet to manage of tasks with accounting of finance.
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December 30, 2019, 11:29:36 AM
 #52

Need new payment way where very easy for sending and support for many countries, we are looking which one payment currency support with faster for sending to other country and always keep higher value although pass yearly, many fiat currency payment have inflation and increase lower value after yearly and don't have the same value.

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December 30, 2019, 02:08:29 PM
 #53

Decentralization is the main theme of crypto but honestly, not many people are interested in anonymity anymore! Just look at the Decentralized exchanges, ICO sales! All are far behind from the centralized sections! Now crypto people don't want to invest in something that has no team or nothing open! Therefore, these types of services won't last a long time, I am saying it from my past experience! So, from me, it's no, I won't use it!

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December 30, 2019, 02:24:30 PM
 #54

It sounds like some kind of privacy coin like monero or dash currency? Correct me if I'm wrong there will definitely be some challenges since it will be fully anonymous and you need lots of partnership too

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December 30, 2019, 03:41:18 PM
 #55

Behind the payment systems are the state. What if it's just math? I'm in this excitement. That's why we're in this market. I don't know because I can't say this system will be better. But worth trying. Already Cryptocurrency is being tested by a large community.
any tech has so many potential and that depends on how deep the developers are digging it to get the more potential that can be achieved from that technology.
But anonymous tech has become the important tech in crypto when everything in are decentralized. it's about the privacy

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December 30, 2019, 03:50:31 PM
 #56

If my ultimate goal is still to switch from cryptocurrencies to fiat money for daily life, won't your platform become meaningless?

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December 30, 2019, 03:58:40 PM
 #57

It sounds like some kind of privacy coin like monero or dash currency? Correct me if I'm wrong there will definitely be some challenges since it will be fully anonymous and you need lots of partnership too
Such coin or payment system will eventually face problem of either being purged by the exchange which getting the pressure from the government or the government itself will be the one to hinder the progress of this kind payment system. Even monero and any anonymous coin right now are having the problem to deal with massive delisting. Maybe anonymous payment system like this will give advantages and all that but will eventually bring so many problem in the future moreover government are becoming stricter to prevent money laundering.

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December 30, 2019, 05:13:28 PM
 #58

although the government does not take part here, a system like this will quickly collapse, because they will be tempted by the money and corrupt it.
but mostly like this, many team managers run away from investors' money.
so it's better to just decentralize.

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December 30, 2019, 05:17:22 PM
 #59

I do not think there is any reason to worry about anonynmity anymore
the presence of crypto currency is to keep you private and unknown to all..

Make your payments via bitcoin, etherum or perhaps ltc, you have all the privacy you want.

I guess if you're not gonna do it within a known merchant then privacy is all yours but the thing is these merchants are regulated by the government. When I tend to use my online app for paying bills, it would require me to pass the KYC requirements before being able to cash out or even do transactions with Bitcoin due to it being somehow anonymous when sending it to other people.

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December 30, 2019, 05:21:16 PM
 #60

although the government does not take part here, a system like this will quickly collapse, because they will be tempted by the money and corrupt it.
but mostly like this, many team managers run away from investors' money.
so it's better to just decentralize.
it is better to exchange decentralized but they must know that there are many exchanges now. and some have more than zero fees or others. they have to make it more attractive so their platforms can be crowded.

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