/biz/ - Business & Finance

[Anonymous No.9341786]

PAYFAIR > LOCALBITCOINS
PAYFAIR > COSS
PAYFAIR > COINMETRO
PAYFAIR > ALL OF YOUR KYC BULLSHIT

Give it time. PayFair will reign supreme.

[Anonymous No.9341836]

>>9341786
> PAYFAIR > ALL OF YOUR KYC BULLSHIT
I want to like Payfair, but it won't be legal is most western coutries. And if you do risk using it, heaven forbid you accidentally exchange with a member of a know terrorist group or SDN (Specially Designated Nationals). That's a one way ticket to pound-me-in-the-ass prison. FYI: "Escrow nodes" will be equally liable.

Payfair is going to be one hell of a shitshow.

[Anonymous No.9341855]

>>9341836
>but it won't be legal is most western coutries

Just like pissing on minors. Has that stopped anyone?

[Anonymous No.9341858]

>>9341836
Localcoinswap > Payfair

[Anonymous No.9341902]

>>9341855
> Just like pissing on minors. Has that stopped anyone?
You don't report your "mirror pissing" to the IRS (or equivalent organization). And if you stay crypto-crypto to hide from Uncle Sam, there are better ways to do it than Payfair.

[Anonymous No.9341912]

>>9341786
you havent heard about lcs have you

[Anonymous No.9341932]

>>9341902
>And if you stay crypto-crypto to hide from Uncle Sam, there are better ways to do it than Payfair.
you wanna try that again

[Anonymous No.9341966]

>>9341836
>but it won't be legal is most western coutries
WRONG
kys

[Anonymous No.9342147]

>>9341932
No, because that's 100% accurate.

>>9341966
Performing asset exchanges without adhereing to OFAC is "Go To Jail 101". And nearly every western country follows these rules.
https://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx

[Anonymous No.9342163]

>>9342147
it's an anonymous, decentralized escrow service based out of Russia. The whole point is that it doesn't require you to identify yourself with KYC. jesus christ kill yourself

[Anonymous No.9342167]

>>9342147
Better go after all those felons on craigslist then

[Anonymous No.9342182]

>>9341786
PAYFAIR = SHIT
PAYFAIR = GARBAGE
PAYFAIR = DEAD BABY FETUSES
PAYFAIR = FUCK YOU

[Anonymous No.9342195]

who cares

you still "have" to pay pax on your gains when it lands on your bank account

shill me something that can launder money effectively instead of coinbase killers

[Anonymous No.9342313]

>>9341836
Of course! It's just an elaborate scam. Don't need to go too far and explain how authorities are going to catch them.

John just scammed them out of $50k, obvious exit scam with made up soft cap and hard cap. No code written on that to stop him from just vanishing with the money. Fucking idiots

[Anonymous No.9342330]

>>9342313

[Anonymous No.9342337]

>>9341836
I doubt Treasury Dept knows what a blockchain is

[Anonymous No.9342347]

>>9342163
"Escrow" is handled by anyone running a node, not just "in Russia". Besides, "I did my money laundering/terrorist funding through Russia" isn't a legal defense you mong. As for KYC/Identification, you have to cash out sometime, and there is a paper trail on anything not Lil Monaro. In fact having everything tied to PFR is basically a sign that states "look at me, I traded money without verifying their identity!".

>>9342167
People who use Craigslist to exchange physical currencies and cryptocurrencues without verifying identities DO get raped by the police. If this was a counterpoint, then you're living under a rock.

Can flipping the coin be profitable? Sure. But unless you're in some third world shithole, you better not use the service.

[Anonymous No.9342371]

>>9342337
>work for gov't agency
>office puts on 'blockchain and how it will be used in governments' seminar 3 months ago
>keep trying anon

[Anonymous No.9342410]

>>9342337
I work in fintech, and they know all about it. I know we joke about this being intenet play money, but not abiding by some core rules will ruin lives. It's not like "forgetting to pay taxes and get a fine" either. The penalties for this shit is outright life destroying. Ignorance has never worked as a defense to terrorist funding.

[Anonymous No.9342419]

>>9342347
>"Escrow" is handled by anyone running a node, not just "in Russia".
glad to see you don't understand how Payfair works. read up https://payfair.io/manuals/PayFair-Trading_Guide.pdf

>As for KYC/Identification, you have to cash out sometime
that's what this is, a crypto->fiat gateway that does not require KYC. you called this a "crypto->crypto exchange" earlier, you really seem to not know what the thing you are FUDing actually is

here's a tip, look up what these words mean:
>anonymous
>decentralized
>escrow

[Anonymous No.9342445]

>>9342419
throw in these if you don't struggle too much with the first three
>peer to peer

[Anonymous No.9342494]

>>9341858
Local coin swap is sketchy.
The wordin in the white paper makes it seem like if they do a token burn the devs will end up with a ridiculous percentage of the tokens. Like 30+%

Also they won't launch till august if they're lucky and are asking for 10x more money than PayFair did.

Sounds like a cash grab. Good luck with that.

[Anonymous No.9342539]

>>9342419
> glad to see you don't understand how Payfair works
That would be you. Learn what the masternodes are for and get back to me. And that doc doesn't say shit.

> you called this a "crypto->crypto exchange" earlier
Not explicitly I didn't, no. I pointed out why the crypto-fiat use case is an easy-to-catch illegal activity, and why there are better crypto-cryto use cases.

You're either being intentionally obtuse or you're a dullard, so I'll spell it out for you: If there is ever a fiat event throughout the entirety of the chain of trade events, then there are breadcrumbs reported to a government agency due to banking laws.

>>9342445
>peer-to-peer
... on a traceable blockchain.

Fuck, I feel bad for how little you guys understand how this all works.

[Anonymous No.9342552]

>>9342410
>im a jew. You can trust me.

[Anonymous No.9342595]

>>9342539
>Learn what the masternodes are for
Payfair doesn't have 'masternodes' retard

[Anonymous No.9342596]

>>9342539
there is no helping you. you have not actually addressed any of your misunderstandings

even if it was only used by non-burgers or euros, the amount of people around the world that would benefit from this (and no other competitor) is massive. retard.

[Anonymous No.9342618]

>>9342539
Also
>peer-to-peer
>... on a traceable blockchain.
You don't even know what p2p is

[Anonymous No.9342713]

>>9342596
> even if it was only used by non-burgers or euros, the amount of people around the world that would benefit from this (and no other competitor) is massive. retard.
That's funny shit. You must have absolutely no idea how little of the financial world operates outside of residual OFAC laws.

>>9342618
The token and it's exchange is tracked due to being an ERC20 token. It's operationally p2p, but not un-ledgered.

[Anonymous No.9342738]

cash out to fiat using Western Union/MoneyGram. now you got cash. what guvmint? how can you not see PayFair is the future

[Anonymous No.9342764]

>>9342713
>It's operationally p2p, but not un-ledgered.
No one claimed that it wasn't, you're chatting shit you fucking bootlicker

[Anonymous No.9342814]

fucktards. LCS to da mooooon!

[Anonymous No.9342962]

>>9342764
My mistake then. And kek @ "bootlicker". The audit chain attached to this is the evidence to convict. I'm for smaller goverment but advocating for people to do something this obviously illegal is reckless.

[Anonymous No.9343041]

>>9342962
>people transacting with other people is illegal
kys you bootlicking faggot

[Anonymous No.9343052]

sub human slav scam

[Anonymous No.9343139]

>>9343041
look up OFAC for me please. it absolutely can be, if you transact with the wrong person. if it's discovered that someone on the OFAC list used the service and you happened to be the other side to that transaction, have fun rotting in gitmo

do i agree? no. is it the law? yes.

[Anonymous No.9343865]

>>9343041
If you don't think you'd be held accountable for transferring $10k to Mohammad Raghead-Allah Bombino, then you're beyond hope.

[Anonymous No.9344816]

>>9341836
>what is vpn

[Anonymous No.9345087]

>>9341836
>> PAYFAIR > ALL OF YOUR KYC BULLSHIT
>I want to like Payfair, but it won't be legal is most western coutries. And if you do risk using it, heaven forbid you accidentally exchange with a member of a know terrorist group or SDN (Specially Designated Nationals). That's a one way ticket to pound-me-in-the-ass prison. FYI.
That's like saying I'd you sell some shit on eBay to ISIS you're going to jail for funding terrorism. Psh ok

[Anonymous No.9345100]

>>9345087
nigga, that anon is trying to help you. he's fucking right. and yes, if you sell shit to an isis member on ebay, that's considered funding terrorism, dipshit

[Anonymous No.9345933]

$0.50 by eom

[Anonymous No.9346406]

>>9345933
$4.20 by June.

[Anonymous No.9346620]

>>9342147
Exchange owners goto jail not the users....

[Anonymous No.9346639]

>>9346620
right. in the situation above EBAY would be the ones held liable, not users using the site lololol

let them stay poor. volume will prove itself

[Anonymous No.9346884]

>>9342738
Where'd ya get that money from, goy?

[Anonymous No.9347573]

>>9346620
Putin has promised to keep the PayFair devs safe and use hot Russian facebook accounts to increase website traffic

[Anonymous No.9347649]

>>9342595
>Payfair doesn't have 'masternodes' retard
Do you actually know anything about Payfair? It operates on Trust Nodes and Escrow Nodes, which are just a variation of masternodes. Trust Nodes went live just 2 months ago. Jesus Christ people, at least learn about the product you're trying to shill.

> Ebay
Yes, Ebay is the responsible party as the broker. But know that ebay does abide by OFAC laws and has a compliance department to enforce it.

[Anonymous No.9348325]

Is this shit going to dump soon? I was going to buy when I got home tonight, to see it raise all of a sudden by 55% now.

[Anonymous No.9348377]

>>9348325
The fuck are you talking about? It's dumping since idex came back

[Anonymous No.9348396]

>>9348377
No, it was at .149 cents today earlier, now it's .229.

[Anonymous No.9348410]

>>9348377

[Anonymous No.9348438]

>>9348410
>CMC
Oh no it's retarded

[Anonymous No.9348448]

>>9348438
I guess I am, because I don't understand what's wrong with CMC?

[Anonymous No.9348489]

>>9348448
It's basing the price off one sale on a $1k volume exchange.
Go to the other two and the price is the same as before, 20-22k eth or $0.15

[Anonymous No.9348509]

>>9348489
Oh, I see. Thank you for explaining.

[Anonymous No.9348678]

>>9341836
>>9341902
>>9342147
>>9342347
>>9342410
>>9342539
>>9342713
>>9342962
>>9343865

Thanks for the FUD, clown.

Let me bring you back to 2008: not one person on Earth thought Bitcoin would be "legal".

Turns out, the border line legal things in the crypto space end up mooning; just like ETH being a security deep down.

Payfair is like Ebay. Nothing more, nothing less. If I go on Ebay and sell gold to a terrorist who provided evidence he was not a terrorist, I will not be held liable due to the fact I had no reasonable circumstances to infur that.

t. bar certified lawyer.

It will be extremely difficult to prove what you are assuming.

Also, go fuck yourself since you think you know everything. You remind me of the typical new-man whos cancer plagues the modern internet. Kill yourself.

[Anonymous No.9349701]

>>9348678

[Anonymous No.9349806]

[Anonymous No.9350130]

>>9342147
Actually, as the service is anonymous, unless they can prove you knew you were dealing with someone on their list, you are in the clear. This falls in line with the only thing keeping Hillary Clinton out of jail, the fact that she lacked criminal intent in regard to her emails. As long as your trades are reported and with no criminal intent, the use of Payfair does not violate any U.S. laws.