📢[ANN] [ICO] - MenaPay - Crypto made easier than cash - PRIVATE SALE (LIVE) - page 25.

Rigorous

full member

Activity: 574

Merit: 115

Quote from: jonnytracker on November 11, 2018, 11:36:07 PM

Quote from: Rigorous on November 11, 2018, 06:46:16 PM

Because of Islamic finance rules every transaction needs to be transparent and seen by at least 2 people. An off-chain, centralized exchange is a black box. As the transaction settlement in a centralized exchange takes place within the exchange's server we cannot see what is precisely going on.

Actually I think the whole crypto market should adopt those Islamic finance rules because there is too damn much manipulation and wash trading going on.

Don't compromise your free for false security. It will evolve, crypto foundation was to move away from regulation and rules. Why you want to go back

Centralized off-chain transactions are simply not part of crypto, but a remnant of the traditional, corrupt way of banking.

There are rules in the traditional, corrupt banking world because that is the only way to stop it from devolving into a completely dysfunctional mess - now it is just a partially dysfunctional mess.

The way to go forward is to have just a few essential rules, such as all transactions should be on-chain and transparent. Not rules that only apply to commoners, designed to be circumvented by the financial elite.

mandibleclaw

member

Activity: 532

Merit: 50

ONe Social Network.

Quote from: king_of_alts on November 12, 2018, 10:56:06 AM

Quote from: nobytes on November 12, 2018, 10:11:49 AM

Quote from: the_donald on November 12, 2018, 05:56:57 AM

guys don't get your hopes up about saudi royals. there's literally hundreds of them

You are right, But they all got money to burn Wink

... And we want the support from the "whales"

Arab princes investing in crypto would really be interesting as it could lead to the broader population of the area becoming interested in crypto.

Because they care about their population, they have golden baths in their hotels but poor people just die in poverty, even workers used to buy such hotels

MandatoryOption

member

Activity: 546

Merit: 12

Quote from: pynetx on November 12, 2018, 11:53:32 AM

What is your marketing strategy like which parts of the world are you focusing first?

As the name MenaPay might suggest, they are focussing on the Middle East and Africa at first.

viljy

hero member

Activity: 1736

Merit: 857

Quote from: nobytes on November 12, 2018, 10:11:49 AM

Quote from: the_donald on November 12, 2018, 05:56:57 AM

guys don't get your hopes up about saudi royals. there's literally hundreds of them

You are right, But they all got money to burn Wink

... And we want the support from the "whales"

The presence of whales in the project has both a good and a bad side. On the one hand, whales can maintain and pump the price, on the other hand - it is actually manipulation and whales can greatly harm the project. In General, the main principle of cryptocurrency is decentralization. Although practically it is difficult to achieve.

belechau

full member

Activity: 686

Merit: 100

Quote from: king_of_alts on November 12, 2018, 10:56:06 AM

Quote from: nobytes on November 12, 2018, 10:11:49 AM

Quote from: the_donald on November 12, 2018, 05:56:57 AM

guys don't get your hopes up about saudi royals. there's literally hundreds of them

You are right, But they all got money to burn Wink

... And we want the support from the "whales"

Arab princes investing in crypto would really be interesting as it could lead to the broader population of the area becoming interested in crypto.

This would be a form of income sharing among the less fortunate, unfortunately there are not many nobles with this interest, I think if there is interest on the part of these in the crypto, it will always be something with retained information. But your thinking is inspiring.

pynetx

sr. member

Activity: 798

Merit: 262

What is your marketing strategy like which parts of the world are you focusing first?

king_of_alts

member

Activity: 476

Merit: 10

Quote from: nobytes on November 12, 2018, 10:11:49 AM

Quote from: the_donald on November 12, 2018, 05:56:57 AM

guys don't get your hopes up about saudi royals. there's literally hundreds of them

You are right, But they all got money to burn Wink

... And we want the support from the "whales"

Arab princes investing in crypto would really be interesting as it could lead to the broader population of the area becoming interested in crypto.

nobytes

full member

Activity: 364

Merit: 101

Quote from: the_donald on November 12, 2018, 05:56:57 AM

guys don't get your hopes up about saudi royals. there's literally hundreds of them

You are right, But they all got money to burn Wink

... And we want the support from the "whales"

matjas

full member

Activity: 798

Merit: 115

Quote from: pynetx on November 12, 2018, 06:06:57 AM

Quote from: the_donald on November 12, 2018, 05:56:57 AM

guys don't get your hopes up about saudi royals. there's literally hundreds of them

You are right Saudi's have tons of Royals but someone specifically posted about princess fo Saudi Arabia which is Ameerah bint Aidan bin Nayef Al-Taweel Al-Otaibi. But, there's no link to confirm the news.

Still better to have one hundred and first princess promoting your project than having a jane doe do it which is totally anonymous.

pynetx

sr. member

Activity: 798

Merit: 262

Quote from: the_donald on November 12, 2018, 05:56:57 AM

guys don't get your hopes up about saudi royals. there's literally hundreds of them

You are right Saudi's have tons of Royals but someone specifically posted about princess fo Saudi Arabia which is Ameerah bint Aidan bin Nayef Al-Taweel Al-Otaibi. But, there's no link to confirm the news.

the_donald

full member

Activity: 588

Merit: 100

guys don't get your hopes up about saudi royals. there's literally hundreds of them

niklasmato

sr. member

Activity: 616

Merit: 263

Quote from: batako on November 12, 2018, 05:09:07 AM

Quote from: LastHiT on November 11, 2018, 06:44:03 PM

Quote from: Thyphon on November 11, 2018, 03:27:04 AM

It will provide solutions especially to all financial problems in the Middle East and Africa. The fact that the princess of Saudi Arabia is supporting this project is really remarkable.

Wow! I did not know this news and if its true, can you provide us with a link with this news or press release or any article so that the community can read about it.

I would like to read the news as well, about the princess of saudi arabia one. I think this will be the great news if it's true and I wish it's true.

Where did you read something about the princess of Saudi Arabia? I'd love to read that reference.
If the royals are eying this, it will become a standard in the middle-east.. which will just become awesome.

batako

sr. member

Activity: 1022

Merit: 252

Quote from: LastHiT on November 11, 2018, 06:44:03 PM

Quote from: Thyphon on November 11, 2018, 03:27:04 AM

It will provide solutions especially to all financial problems in the Middle East and Africa. The fact that the princess of Saudi Arabia is supporting this project is really remarkable.

Wow! I did not know this news and if its true, can you provide us with a link with this news or press release or any article so that the community can read about it.

I would like to read the news as well, about the princess of saudi arabia one. I think this will be the great news if it's true and I wish it's true.

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: ?? on ??

Quote from: Rigorous on November 11, 2018, 06:46:16 PM

Quote from: MandatoryOption on November 11, 2018, 05:44:28 PM

I followed the discussion but I have to admit I don't know exactly why MenaPay has to keep their tokens on an on-chain trading exchange.

Because of Islamic finance rules every transaction needs to be transparent and seen by at least 2 people. An off-chain, centralized exchange is a black box. As the transaction settlement in a centralized exchange takes place within the exchange's server we cannot see what is precisely going on.

Actually I think the whole crypto market should adopt those Islamic finance rules because there is too damn much manipulation and wash trading going on.

I totally agree with your idea. Some exchanges are involve in anomalous transactions that are quite hard to detect instantly and by applying Islamic finance rules then I think it would greatly minimize such incidences.

I find Islamic banking is absurd because of how it is working right now (regular banking with different names) but this kind of thing really makes sense. And absurdity turns into something great even not Islamic people want to adapt.

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: Rigorous on November 11, 2018, 06:46:16 PM

Quote from: MandatoryOption on November 11, 2018, 05:44:28 PM

I followed the discussion but I have to admit I don't know exactly why MenaPay has to keep their tokens on an on-chain trading exchange.

Because of Islamic finance rules every transaction needs to be transparent and seen by at least 2 people. An off-chain, centralized exchange is a black box. As the transaction settlement in a centralized exchange takes place within the exchange's server we cannot see what is precisely going on.

Actually I think the whole crypto market should adopt those Islamic finance rules because there is too damn much manipulation and wash trading going on.

"Because of Islamic finance rules every transaction needs to be transparent and seen by at least 2 people." Wow, is that true? If it is, blockchain is a perfect fit for it.

The biggest problem i see is the adaptation in Islamic countries very low for the cryptocurrency. But it can be changed.

jonnytracker

sr. member

Activity: 672

Merit: 261

Quote from: Rigorous on November 11, 2018, 06:46:16 PM

Quote from: MandatoryOption on November 11, 2018, 05:44:28 PM

I followed the discussion but I have to admit I don't know exactly why MenaPay has to keep their tokens on an on-chain trading exchange.

Because of Islamic finance rules every transaction needs to be transparent and seen by at least 2 people. An off-chain, centralized exchange is a black box. As the transaction settlement in a centralized exchange takes place within the exchange's server we cannot see what is precisely going on.

Actually I think the whole crypto market should adopt those Islamic finance rules because there is too damn much manipulation and wash trading going on.

Don't compromise your free for false security. It will evolve, crypto foundation was to move away from regulation and rules. Why you want to go back

Rigorous

full member

Activity: 574

Merit: 115

Quote from: MandatoryOption on November 11, 2018, 05:44:28 PM

I followed the discussion but I have to admit I don't know exactly why MenaPay has to keep their tokens on an on-chain trading exchange.

Because of Islamic finance rules every transaction needs to be transparent and seen by at least 2 people. An off-chain, centralized exchange is a black box. As the transaction settlement in a centralized exchange takes place within the exchange's server we cannot see what is precisely going on.

Actually I think the whole crypto market should adopt those Islamic finance rules because there is too damn much manipulation and wash trading going on.

LastHiT

member

Activity: 182

Merit: 10

Quote from: Thyphon on November 11, 2018, 03:27:04 AM

It will provide solutions especially to all financial problems in the Middle East and Africa. The fact that the princess of Saudi Arabia is supporting this project is really remarkable.

Wow! I did not know this news and if its true, can you provide us with a link with this news or press release or any article so that the community can read about it.

MandatoryOption

member

Activity: 546

Merit: 12

I followed the discussion but I have to admit I don't know exactly why MenaPay has to keep their tokens on an on-chain trading exchange.

aveon

member

Activity: 434

Merit: 10

Well I don't think they have any problems about panicking, anxiety, or anything like that because they have quite enough assets to fill themselves in comfort and to do everything as intended.

Topic: 📢[ANN] [ICO] - MenaPay - Crypto made easier than cash - PRIVATE SALE (LIVE) - page 25. (Read 95739 times)