BOUNTIES WITH REGIONAL RESTRICTION. - page 2.

Doranile432

member

Activity: 476

Merit: 22

Quote from: TheBusstop on August 27, 2019, 07:31:03 AM

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system.

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

Well the first question is understandable but still Not clear to me BUT THE Second, is apt.

Developers who put restrictions on some countries for their projects don't know what they are doing,they are ultimately shutting down better adoption rate for their projects,just imagine if projects like bitcoin or ethereum put restrictions on some countries what would have happened ? Crypto shouldn't be build to be used by some part of the world only,it doesn't make any sense

Convery

sr. member

Activity: 966

Merit: 254

Quote from: TheBusstop on August 27, 2019, 07:31:03 AM

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system.

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

Well the first question is understandable but still Not clear to me BUT THE Second, is apt.

The true cryptocurrencies do not restrict any country, but recently created coins that offers coins in a token sale (ICO) must comply with regulations. The restricted countries in most cases are USA and China.

Flor1982

full member

Activity: 714

Merit: 100

The decentralization was abused by the bad people in which they used crypto currency in scam, money laundering and etc. that is why the government decided to regulate the crypto currency with near to centralization to counter these growing negative used of crypto in which some of these government banned crypto therefore we need to abide the law from regulation or face the consequence.

erep

hero member

Activity: 2282

Merit: 589

If the question is about bounties, there are no bounty rules in this forum that limit participants from specific regions and if your area is listed as a prohibited area then avoid bounties that require KYC.

sjbi

member

Activity: 770

Merit: 14

www.thegeomadao.com

I think cryptocurrency projects restrict people of some specific countries from buying their tokens just because of the law of the specific countries. Crypto projects are bound to abide the law of the country where they are registered. Some of them do not provide bounty rewards to the countries where cryptocurrency is considered illegal.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

1. Some countries have declared if crypto didn't meet all of the regulations that already applied in those countries. These countries were also prohibiting its investors to participate in any investment that can't fullfill the requirements to be called as an investment based on its regulation. Rather than putting the investors in the risk and icos have been deciding to ban those countries.

2. The marketing participants will be paid by the shares of the company ( i can't call that as nonsecurity coin considers about it has no utility usage). this is having the same definition just like an investor who is exchanging its effort to get paid by the shares from the company. This thing was also prohibited by some countries.

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: TheBusstop on August 27, 2019, 07:31:03 AM

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system.

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

Well the first question is understandable but still Not clear to me BUT THE Second, is apt.

The restrictions are usually applied to the investors from USA, Australia, China. Centralized economic conditions don't give the special advantage for using its features but the decentralised world mean freedom for companies and customers. Restricted areas have the same restraints for other pars of money involved activities.

Quote from: J1mb0 on August 29, 2019, 01:47:15 PM

A lot of governments in the world don't like cryptocurrencies, because they can't manage it, and projects must adhere to that. Projects do not want to confront the government and it is best to prohibit people from that area from participating in the project.
I still hope one day cryptocurrencies are welcome around the world.

Crypto payments are limited to the some companies, it can spread all over the world. The yield of the centralized systems weakens the belief, the economy should see new forms of working tools. Goverrnmetns don't want to see free decision-makers, the crypto is big threat that has the potential to affect their working mechanism.

J1mb0

hero member

Activity: 983

Merit: 502

A lot of governments in the world don't like cryptocurrencies, because they can't manage it, and projects must adhere to that. Projects do not want to confront the government and it is best to prohibit people from that area from participating in the project.
I still hope one day cryptocurrencies are welcome around the world.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: TheBusstop on August 27, 2019, 07:31:03 AM

1;WHY Do we have projects that places restriction for investors from certain regions.

Just like gambling and other industries where there are places or countries in the world that prohibits such investment with its citizens and for project doesn't like
the hassle on being sued up or face up possible problems with the government then they would definitely do such restriction on the early or first place.
I know that crypto investment should be no limits but that's how other government do impose their strict rules and laws.

Quote from: TheBusstop on August 27, 2019, 07:31:03 AM

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

I don't know how this thing being implemented out on prohibiting other countries when it comes to marketing campaigns in short bounty ones.
Detecting places of each participant? This is a very hassle thing to do unless if they do let bounty hunters or participants registered on their own site then they can
filter it out.One thing on my mind why some do make such rule because bounties are really prone to abuse and this is some sort of racism,they do think that some nationalities do the abuse.

prehisto

full member

Activity: 882

Merit: 112

Your Data Belongs To You

Quote from: TheBusstop on August 27, 2019, 07:31:03 AM

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

You are asking the wrong question, projects are not for us, it is not a charity. It is bussines.

And the answer to the both questions is the same - regulations, projects are obligated to exclude countries which has certain rules and laws and those who are sanctioned by large organisations. Besides- crypto-currencies are not equal to ICO tokens.

spadormie

sr. member

Activity: 840

Merit: 268

Quote from: TheBusstop on August 27, 2019, 07:31:03 AM

1;WHY Do we have projects that places restriction for investors from certain regions.

They are following laws in conducting projects. They are following the SEC guidelines for this. They just can't conduct it because they want to. They have a protocol to follow.

Quote from: TheBusstop on August 27, 2019, 07:31:03 AM

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

I don't understand this. In my 2 years in cryptocurrency and in this forum, I haven't encountered this one.

electronicash

legendary

Activity: 3178

Merit: 1054

some countries were not allowed since their regulations are more strict like the USA, some of the projects aren't allowing US citizen to participate in investing projects. if you are a bounty campaign hunter that's from US then it will be a waste of time for your when they do KYC later on you will just be denied of to the tokens. this was happening even during the ICO times.

cherryganda

full member

Activity: 728

Merit: 131

Cryptocurrency is for every people in this world, though some country dont want their people to be involve in some PUBLIC change or even in cryptocurrency.
This is why some projects are not allowing some people in a certain region, for their security.
That is why KYC became popular in cryptocurrency specially in bounty and ICO.

rosezionjohn

sr. member

Activity: 882

Merit: 301

Quote from: eagleman on August 27, 2019, 05:18:56 PM

Quote from: TheBusstop on August 27, 2019, 07:31:03 AM

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

I'm not aware of this, if for the marketing maybe they already have someone or a certain agency dedicated for the marketing on that specific region. Since they are allowing investors from that region to invest that's the closest possibility that I can think of.

This is one possibility but I still want to know which campaign is this. Can OP drop the name here so we can also check out why the case? They are not paying that much for bounties and I find it unreasonable not add more promoters.

pishite

full member

Activity: 980

Merit: 132

Quote from: TheBusstop on August 27, 2019, 07:31:03 AM

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system.

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

Well the first question is understandable but still Not clear to me BUT THE Second, is apt.

Everything is very simple, since the money is managed by the International Monetary Fund, it dictates the rules, and you still buy cryptocurrency through bank cards, and if sanctions are imposed on certain regions, you cannot buy a coin there. Therefore, teams are insured and push that it is impossible to buy from certain countries since there are great chances not to get money.

confreslamp

copper member

Activity: 280

Merit: 1

CINEMADROM ⥋ BLOCKCHAIN FILM PLATFORM

Why should people promote your token sale outside the region where potential buyers are? I mean, if a token sale is restricted for USA participants, why should managers hire promoters that would make marketing in USA? That makes no sense at all.

Ken_terrance

member

Activity: 574

Merit: 18

Making Smart Money Work

restrictions on projects is a bad move to me,crypto are been created for mass adoption and usage too,restrictions on projects equals to lower adoption rate and some part of the world have higher crypto adoption rate for example asian part,korea,china or malta,if restrictions are been put of these countries dont bother to waste your time on such projects

Byakuga

member

Activity: 518

Merit: 28

Quote from: TheBusstop on August 27, 2019, 07:31:03 AM

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system.

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

Well the first question is understandable but still Not clear to me BUT THE Second, is apt.

I'm sure this is not about some countries going against crypto and even if the restricted countries doesn't support crypto no one will know of your involvement,crypto is privacy and mostly decentralized so i don't see any reason why some projects are putting restrictions on some countries,most projects ive seen put restrictions on U.S when many investors are from united states,either ways its the developers idea and its their loss too

SirLancelot

hero member

Activity: 2646

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Those projects that has been segregating, where are they now? Are they not the projects that has already scammed investors and packed up, sometime I o feel that they do that because they don’t want the particular country to go after them and the country they usually restrict are high tech companies that can easily trace them when they hear of them duping their member.

For projects that are real and still practicing this, I feel they do so to evade tax, one of the issue binance still had with US government is that of tax until maybe they finally went into some sort of agreement with the government that made them to be creating a special trading platform strictly for the US citizens. Those are just what I personally feel but there might be more to it and only those projects knows.

Daffadile

hero member

Activity: 1162

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Some projects and companies want to first start within their own regions before expanding to others. It still doesn't stop you from buying their tokens off the exchange. Rather wait till the ICO ends and dod that.
You might find you save yourself a pretty penny.

Topic: BOUNTIES WITH REGIONAL RESTRICTION. - page 2. (Read 466 times)