/biz/ - Business & Finance

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>>14012959

NO. lol

KYC is only for onboarding, large purchases with fiat, etc.

BSV is the only coin that WON'T need KYC as it keeps records itself on the blockchain. Things like Monero, Lightning etc lose records so WILL require KYC.

>>14012974
DESIGNATED

>>14012974
Cope

>>14012959
Weak fud

>>14012974
Easily answered

Bitcoin SV? More like Bitcoin KYC!

>>14012988
Also it's not fucking changing the protocol. You could always build a old school wallet to transfer by keys in case some super fancy handle wallet would suddenly require kyc

>>14012988
>Is an obvious fraud that is trying to push an alt Bitcoin ripoff that requires KYC for wallets

Guys I am getting serious FOMO for this project.

>>14012974
>>14012988
How are you going to force Yobit to implement KYC?
>literally a Russian pirate exchange supporting BSV

>>14013004
>Bitcoin SV? More like Bitcoin KYC!

>>14012974
>trusting craig to keep his word
Yikes

>>14013004
>Bitcoin SV? More like Bitcoin KYC!

>>14012978
>>14012980

It's funny how people don't get it. The more of an anonymous "crime coin" you try to create, the MORE regulation and government crackdown you get. More, not less. Coins that lose records will need KYC for EVERY transaction.

The original BitCoin (BSV), on the other hand, is perfectly balanced with respect to both privacy and law, allowing for a system that satisfies both the users and the government.

>>14013056
Don't spend too much energy they will never get it. Let them break the law.
It's a kind of Darwinism which will clean the space on its own

>>14013056
THE COPE

>>14013056
>>14013074
>receive a BSV transaction from Yobit
>"See? I traded it, sir!"
I'm afraid you don't understand how crypto works

>>14013074
Cracka', you buy into obvious frauds. Go join the Church of Scientology you weak brained Amerishart.

>>14013056
>The more of an anonymous "crime coin" you try to create, the MORE regulation and government crackdown you get
How can you regulate something that anonymous?

>>14013086

How is the original BitCoin protocol an "obvious fraud"?

If I wanted a fraud I would buy "ready in 18 months forever" Lightning ICO coin, or "Let's create the biggest securities fraud platform of the decade" Ethereum

BSV is the only coin in this space that works WITH law and isn't trying to be some kind of fraud... lol

>>14013056
>It's funny how people don't get it. The more of an anonymous "crime coin" you try to create, the MORE regulation and government crackdown you get. More, not less. Coins that lose records will need KYC for EVERY transaction.
Yeah I would like to see the government force KYC onto the Monero chain

>>14013105
>original BitCoin protocol
is not a general purpose database you schizo tard. It's p2p cash

>>14013105
>BSV is the only coin in this space that works WITH law and isn't trying to be some kind of fraud... lol
Not until it has full on-chain identity verification like PayPal. Now, you can still launder coins through Yobit.

>>14013105
>How is the original BitCoin protocol an "obvious fraud"?

Let's see, he fraudulently claims to be Satoshi and makes a junk copy of Bitcoin that is completely out of line with the original politcs of Bitcoin (That will require KYC!).

>>14013164
Satoshi only cared about cucking the federal reserve, not letting you degenerates buy drugs, child porn and avoid taxes in secrecy

Exchanges all ready require your identity and personal information, this is a desparate shill attempt

>>14013186
So?

>>14012959
guys, i'm pretty sure KYC was in the whitepaper

>>14013215
>Exchanges all ready require your identity and personal information,
Binance doesn't have shit on me son..

>>14013110

Very easily.

Liberty reserve was much bigger and more decentralized than Monero and it got shut down.

You just ban it from exchanges and trace and arrest anyone running a node. You arrest the developers. It dies a quick death as to be money, it has to be usable by 99% of normal people, and normal people are never going to touch something like that.

If you want private transactions you are far better off with BSV actually, as it is actually very hard to monitor if you reuse addresses.

>>14013215
Not true at all. Chinese and Russian exchanges don't.

>>14013239
>Liberty reserve was much bigger and more decentralized than Monero and it got shut down.
Why are you just blatantly talking about shit you got no clue about? Liberty Reserve was extremely centralized.

>>14013215
Sir, you need to KYC to use the wallet soon, thank you sir.

>>14013186
>Satoshi only cared about cucking the federal reserve, not letting you degenerates buy drugs, child porn and avoid taxes in secrecy

Wait a minute, I think you are confusing us with Calvin Ayre sir.

>>14013256

You could arrest Fluffypony and that single act would send Monero's value into the toilet.

These "decentralized" coins are actually very easy to stop.

The thing is, you don't have to shut down every single node out there. You just arrest a few devs and delist it from a few exchanges.

>>14013239
>You just ban it from exchanges and trace and arrest anyone running a node. You arrest the developers
You know what? I was thinking about buying BSV but now that I see your coin is a bunch of fucking statist bootlickers, I'm out. What a bunch of cucks.

>>14013257
THIS!
also
>the 2 biggest spy shitholes are the only ones that require KYC
Isn't that fun?


BITCOIN SV KYC (Bitcoin Scammer Vision, Know Your Cow sirs)

>>14013290
>that DON'T require KYC
Fix'd

>>14013239
They'll come up with a twist like routing packages through TOR and using DEXes with atomic swaps, and that's it. Bitcoin (the original protocol set in stone) has been used for shady stuff extensively in its earlier years, and no one stopped it. Obviously, we can't talk about transparency until we have full KYC on-chain.

>>14013267
>You could arrest Fluffypony and that single act would send Monero's value into the toilet.
Liberty reserve literally ceased to exist when their servers were seized and the founders were arrested.

Monero would still be functional as a network if every team member and developer got hit by a bus.

So no, Monero is not more centralized than Liberty Reserve.

Why are you just making shit up and pretending nobody will call you on it? You obviously have no clue what you're talking about.

>>14013277

Anarchists should stick with Monero and BTC. They should absolutely stay away from BSV as we are creating something that will be used by 5 billion people, not a few anarchist fools who don't understand reality.

>>14013310
You're very clearly retarded. You should probably stay away from sharp objects and medicine cabinets.

>>14013310
What's the difference between BTC and BSV in its current condition? Both can be transferred from Yobit.

>>14013309

Do you know that Liberty Reserve had over 30,000 distributed points and no central database? Funds were distributed over 1,000 banks. Monero would be 100 times easier to stop...

People don't understand that blockchains are ONLY decentralized within the legal framework. They are very easy to stop outside of it.

If you don't believe me, sorry, you will just have to watch what happens.

>>14013340

The core developers seek to take BTC in an anonymous direction. This is why SegWit and things like Lightning, which loses records. They view the collapse of Silk Road as a failure and want another Crime Coin.

>>14013365
Crypto is spread across many completely different jurisdictions and the wallets are not tied to identity. See the problem?

>>14013390
But I was told Lightning was KYC-compliant. How come?

>>14013365
>>14013365
This retard unironically thinks a command and control structure is "decentralized"

Don't hurt yourself breathing bud.

>>14013405

Yes and the vast majority of these jurisdictions have the same money laws. You lose records, you want crime coin, well you can enjoy the wrath of these governments sooner or later.

>CURRENCY THAT REQUIRES YOUR ID
this is why I invested in XMR. Fuck the police states.

>>14013428
I think you don't understand that "sooner or later" is not enough. PayPal requires identity verification immediately, not "sooner or later".

>>14012974
what a fucking retard

>>14013416

Someone lied to you

>>14013422

The arrest of a single monero developer or one major government declaring monero illegal would be the end of it in all practical sense.

>>14013487
>The arrest of a single monero developer or one major government declaring monero illegal would be the end of it in all practical sense.
You are moving the goalposts.

You claimed that "Liberty Reserve was more decentralized than Monero" yet LR stopped functioning as soon as their domain name was seized. The means of settlement between the central LR organization and exchangers no longer functioned and LRs were essentially worthless.

If Monero's domain name was seized or a developer arrested made illegal or whatever, the network would still be functional.

Liberty Reserve was NOT more decentralized than Monero. You are talking out of your ass. You said something COMPLETELY incorrect and now you are trying to damage control.

>>14013487
Someone posted sources that Lightning nodes are obliged to comply with KYC regulations. I didn't save it.

You can't have a fully compliant system without complete KYC. As long as a coin can be passed between unknown users, it's non-compliant.

>>14013056
>>14013105
>>14013239
>>14013267
>>14013310
>>14013365
>>14013390
>>14013428
>>14013487
>>14012974
You are the biggest cuck I have come across in a long time. You sound like the type of Brainlet that thinks the war on drugs is working

>>14012974
2 digit IQ post

so BSV is exactly like having a bank account now except your funds aren't secure and you can't use them for anything. hey but at least only the government and some fucking scammer has your identity.
fucking retards.

>>14013558
There was absolutely nothing stopping Liberty Dollar holders from keeping faith in the currency and trading it among themselves. But shutting down the company MADE people lose faith. Likewise if Fluffypony were arrested and all fiat on-ramps to buying Monero were shut down, how long you think most users will still have faith in Monero?

Yes some diehards will still trade it 1:1 for things but it will ironically become the crime coin they claim they aren't because who is going to risk trading black market currency except to facilitate crime?

>>14013650
>There was absolutely nothing stopping Liberty Dollar holders from keeping faith in the currency and trading it among themselves
How could they do it without the resolution server?

>>14013685
The Liberty Dollar had actual minted coinage and paper certificates as well

>>14013487
>The arrest of a single monero developer or one major government declaring monero illegal would be the end of it in all practical sense.
Under what charges? Monero has something like 230+ contributors from all over the world. You can't shut it down unless you shut down the entire internet. Monero is an idea anyway. You'd have to ban cryptography and open source software entirely. Good luck enforcing that.

>>14013708
You need to connect to the central server to perform a transaction. It's bust.

>>14013724
Child pr0n is just a bunch of 0s and 1s too, but you don't think governments haven't scared most people to death of even having 1 image on their computer even if it's just out of curiosity? Anything digital can be globally cracked down on if there is a will.

>>14013105
>"ready in 18 months forever" Lightning
Lightning is live since more than a year tho. Try harder pajeet.

>>14013744
Maybe we don't need blockchain storage in the first place. Why bother when traditional servers are both cheaper and compliant?

BSV is the aids of crypto right there next to xrp

>>14013569
How do you make Lightning KYC? Its internal workings are effectivly like TOR. They copied the whole onion layer concept from that. Lightning is engineering wise super smart but from a regulatory point a complete mess. Running a Lightning node is effectively a ticket to jail.

>>14013650

exactly

Monero might continue to exist in some minor way but it would be completely impractical for real use

>>14013971
Running a coin with anonymous users is a ticket to jail too, that's the point

>>14013971
>Lightning is engineering wise super smart but from a regulatory point a complete mess. Running a Lightning node is effectively a ticket to jail.
How is it any different than running a mining node?
In both cases you help people's monies move without having custody over it.

>>14013570

The war on drugs is not working

And it is for the same reason that these crime coins are going to fail.

You see, the war on drugs did not work because the government was pushing against something. And the more they pushed against, the more they reinforced it.

Similarly, there are many people in this space with the misguided belief that the way to stop government oppression is to create these crime coins and be antagonistic towards government. This actually creates the opposite effect, as governments see this and use it as an excuse to regulate and clamp down even more. Anarchists and authoritarian governments form a symbiotic relationship in this way as they reinforce one another.

BitCoin (the original) was designed to be neutral money, neither pro, nor anti, government. By encouraging governments to welcome and use BitCoin, they become increasingly disarmed, as transparency is encouraged and corruption is discouraged.

The way to stop government corruption is not through crime coin, as the biggest criminals on the planet are found within government. The way to deal with corruption of all types is to create an immutable, global evidence system and audit trail. That is what BitCoin is about.

>>14014095
Just because you make loud claims, that doesn't mean your coin is law compliant. As long as it allows for anonymous wallets, it's still illegal and punishable by jail.

>>14014165

It is pseudonymous. It is not completely anonymous -- just enough to satisfy regulatory requirements. It leaves records & is traceable.

This allows law enforcement to operate and investigate, while still providing privacy.

>>14014187
I don't know how anyone can believe Satoshi was a total free-reign anarchist, if Satoshi wanted total privacy he'd embedded anonymity algorithms in BTC from the very beginning. If he was as intelligent as people think he is it would have been no problem for him.

Privacy and anonymity are NOT the same thing.

>>14014221

Yes. He also disliked Wikileaks and specifically said "we don't want to lead with 'anonymous'". Craig never liked Julian Assange and people can see this as they both posted on the cypherpunk mailing list.

>>14014187
Regulatory requirements are about full KYC for every user, not some vague "pseudonymous" accounts that enable money laundering and can't be traced to any government ID or IP address. So far BSV is illegal. Be on the law's side, kid.

>>14014221
Anonymity = nobody knows who's behind the money
Privacy = only the government and the authorities know who's behind the money

Bitcoin is not compliant because it lacks identity verification.

>>14014267

Incorrect.

Time for you to study law

Doesn't he mean add KYC to Bitcoin EXCHANGES and to other EXCHANGES.

>>14014267
> So far BSV is illegal.
Biggest Bull & Counter Propaganda i‘ve seen on this board today. Seriously core cucks are DESPERATE that they start to lie.

Craig EXPLICITLY designed BSV to be regulatory friendly and within the law. He states the importance of BEING WITHIN THE LAW a fuckton of times on his blog. He has a background in auditing and knows the rules. His past showed he cared to obey the laws where he could and to engage with authorities in advance on his own Initiative.

And you come up with this stupid bullshit that BSV was illegal? Go kys you worthless piece of subhuman trash.

>>14012959
it says KYC on exchanges. don't we already have that

>>14014361
Look up anti-money laundering regulations. The identity of every user must be known. Welcome to law.

>>14014369

Yes

It is fud from Core supporters.

IF anyone is subjected to KYC, it will be coins that lose records (BTC, Monero, etc)

>>14014373
BSV does not comply with anti-money laundering regulations, the same as BTC. That's why the original bitcoin protocol set in stone was used by drug dealers and criminals. You can't be law compliant as long as you let users receive and send funds anonymously. See you in jail.

>>14014384

Wrong troll.

If you actually believe this, then you would be against BTC and ALL crypto coins.

But you don't -- you just want to FUD.

SATOJCONEEEEEEEEEEEEEEEEEEEEECT

>>14014424
This is just plain wrong.

>>14014361
I'm interested in learning more. Is there a legal topic that I should look into that would explain?

>>14014425
Everybody knows that BSV is the purest, most original crypto set in stone. So it's your talking point again. As long as a system allows users to create wallets anonymously and receive funds from Russian hackers (anonymously), it's illegal. Deal with it.

>>14014459
ln2 anti-money laundering laws. Full KYC for all users is a must. Otherwise, welcome to jail.

>>14013005
exactly. this is some seriously weak fud.

>>14014424

And -- they got caught, silk road got shut down.

This is why they seek to create Crime Coins.

BitCoin as originally designed works within law.

KYC is ONLY for onboarding from fiat and when records are lost (Monero, Lightning etc)

>>14013708

You’re a fucking retard, you actually don’t even understand what you’re talking about. If the government banned all exchanges from listing monetise yes it’s value would absolutely tank BUT it would still be completely useable for transactions since the difficulty scales as users decline. So there could be 100 people left in the world using monero and it could and would still transact without issues. Banning the actual use of monero would be impossible it would be like banning runescape gold. Monero could still be used to keep track of something in a secure private and decentralised way, it’d be the decision of the users and community to decide what the value of that would be. But that ability to create a digital fungible good that can never be forged is worth something.

>>14014525
Yep, with a lot of effort and pure luck. Bitcoin was not operating legally, accept the reality. It allowed for anonymous transactions by anonymous, unverified users. I got it, you must be an anarchist troll. Luckily enough, we're going to stop that, we're going to shut down any system that is not compliant and allows for anonymous wallets and transactions. Russian hackers went TOO far.

>>14014400
Praise continues to our glorious leader.

>>14014424
The original Bitcoin was used by drug dealers because they were fucking dumb.

If you want to take what drug dealers do - a class of people who already have questionable risk-management skills - and use that as inspiration for your own behavior, you are going to blow up eventually.

>>14014551
>So there could be 100 people left in the world using monero and it could and would still transact without issues.
And nobody would use it because even those 100 people have to transact with people who don't use monero.

>>14014586
Nice try, Russian hacker. We all know that Yobit supports BSV and allows to transfer funds anonymously. Your shady money laundering intentions are showing. Enjoy jail.

Tbh I'm a die hard link marine and the stupidity of the anti-bsv folks is the greatest link fud I've ever seen. If Craig is right then link is going in the shitter and every moron who thinks drug dealers using Bitcoin makes it anonymous just makes me that much more nervous about holding link.