Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?
What do you think?
Lol..bitcoin usage will not ruin any country because of tax! Infact using Bitcoin as a country will even make the collection of tax better!
Post
Topic
BoardLegal
KYC challenges
by
ekomic
on 24/10/2018, 10:50:41 UTC
Please share any recommendations as to how to make kyc( know your customers ) effective!! and probably; is it even needed?
Post
Topic
BoardAnnouncements (Altcoins)
Re: [ANN] EOS Exchange: The Exchange for EOS Community
As I think fair volumes are the most important for any exchange. Maybe EOS can make it. Fast blockchain with smarcontracts and strong team can do it. But DEX idea is so strange. It contains freedom but it contain a high level for understanding how it works. And we can get ones more FD on the EOS. It's not bad but ones more?
Yes. You can never have enough. A user doesn't have to have a high level of understanding how it works, this is a semi-decentralize exchange and EOSEX is different among the EOS trading platforms all are in the beta stage. EOSEX is on the verge of launching already for we aim to be used widely for any kind of users so we add not just EOS tokens.
Now it is semi decentralised exchange but maybe in future, the company might launch completely into EOS decentralize exchange. Now they are doing very good things because already they allowed people to deposit for trading. So maybe there is a chance to expand their business to the next level.
Its going to be completely semi decentralized exchange. It may add tokens from other platforms but its more concentrated on EOS tokens. The roadmap will be completed by next so we'll see what the team may decide after. There are always room for improvements.
Wow!!...great !! It's a cool project!! Will look closely into it sir!
I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my invesment due to this sudden drop. Does bitcoin price have something to do with this?
Yes sir!!...btc is the head...it goes up and everyone else follow suit....and when goes down the whole markets goes with it...but of course; there are exceptions to it...some altcoins might choose to break the law!!
To me ...these are all great project which really realy done great things to humanity...the impacts are yet to be recover from !!..comparing bitcoin and ethereum; to me is not supposed to be..since this ledger were created to serve different purposes!!!...
I can see that soon almost exchanges and even ICO programs will be requiring us to do the KYC procedures where we are required to pass copies of our legal documents before we are granted entrance or the use of the services or programs we are interested with. This can be as common as having a password or 2FA.
Now, personally I have no big problem with it though just like anybody else am also concerned that my personal information can be divulged to anybody or a group that might use it for any illegal purpose. This is one risk we are facing once we are actively living in the online world. Evil people who can be thousands of miles away can now be just one click away.
What are your apprehensions about the KYC procedures that will soon be as popular as noodles?
No sir!! Kyc is a great way for ICOs projects to monitor funds!!... and am totally in support of it