BTCD is no more - page 357. | Bitcointalksearch.org

criptix

legendary

Activity: 2464

Merit: 1145

Quote from: jl777 on August 19, 2014, 05:31:18 PM

Quote from: criptix on August 19, 2014, 05:09:54 PM

Quote from: Azeh on August 19, 2014, 04:32:02 AM

Anonymous BTCD Debit Cards for Fiat Withdrawal

Crypto ⇒ Cash! An Anon Card is similar to a traditional pre-paid debit MasterCard but will allow BitcoinDark users the ability to anonymously transfer BTCD to fiat.

Anon cards will enable users to bridge the divide between Crypto and the Traditional Banking system. What this means is that you will be able to load your Anon card with BTCD and convert to fiat to make purchases or withdrawals.

However, Anon cards allow users to keep personal information private. Traditional debit cards are directly linked to users through personal information that is required in order to receive them, but with Anon Cards, no personal information is required to receive a card so your personal information will remain private, and your use of the card anonymous.

great job guys

i have a question though, how can the card be totaly anon? arent there anti money launderings laws that prohibits something like this?

i.e. there exists visa/mastercard prepaid credit cards that you can buy and load with money - without a need of registration.
the problem here is though, without registering the prepaid credit card you only have a annual volume of 500-1000 € i think.
could you give some more details about it? also is it still possible to get shares of it? Grin

greetings

Not all countries have laws that build in the assumption that anybody with money is a criminal. Hopefully the monthly volume limit for the card will be ~$5000 USD. If that is not enough, you would have to get another card. Still haggling with the bank, they seem to not understand crypto time and people are taking some summer holidays!

These cards are meant for personal use, not practical to push through millions of dollars required for large criminal enterprises, so that is how it is allowed. The whole premise that anybody with money is automatically a criminal is just so wrong. I made a lot of money in crypto, am I a criminal? As the crypto economy grows, more and more people will be able to earn a living working in crypto and without all the insane regulations, lawyers, accountants, taxes, etc. it is possible to work less hours and make more money. Of course if you worry about those sorts of things, please comply with all regulations and make sure to properly submit the cost basis for EVERY crypto transaction, including each and every mining block you stake, and properly calculate the capital gains earned using complex accounting methods you need to hire expensive accountant.

James

5000$ per month would be probaly sufficient for the majority of people, i hope that works out - i would be one of the first people to get the card

tbh it would be ideal to use crypto profits with this card - if its anon u wont feel the weight of government taxes Grin

Azeh

sr. member

Activity: 441

Merit: 500

Quote from: jl777 on August 19, 2014, 05:31:18 PM

Quote from: criptix on August 19, 2014, 05:09:54 PM

Quote from: Azeh on August 19, 2014, 04:32:02 AM

Anonymous BTCD Debit Cards for Fiat Withdrawal

Crypto ⇒ Cash! An Anon Card is similar to a traditional pre-paid debit MasterCard but will allow BitcoinDark users the ability to anonymously transfer BTCD to fiat.

Anon cards will enable users to bridge the divide between Crypto and the Traditional Banking system. What this means is that you will be able to load your Anon card with BTCD and convert to fiat to make purchases or withdrawals.

However, Anon cards allow users to keep personal information private. Traditional debit cards are directly linked to users through personal information that is required in order to receive them, but with Anon Cards, no personal information is required to receive a card so your personal information will remain private, and your use of the card anonymous.

great job guys

i have a question though, how can the card be totaly anon? arent there anti money launderings laws that prohibits something like this?

i.e. there exists visa/mastercard prepaid credit cards that you can buy and load with money - without a need of registration.
the problem here is though, without registering the prepaid credit card you only have a annual volume of 500-1000 € i think.
could you give some more details about it? also is it still possible to get shares of it? Grin

greetings

Not all countries have laws that build in the assumption that anybody with money is a criminal. Hopefully the monthly volume limit for the card will be ~$5000 USD. If that is not enough, you would have to get another card. Still haggling with the bank, they seem to not understand crypto time and people are taking some summer holidays!

These cards are meant for personal use, not practical to push through millions of dollars required for large criminal enterprises, so that is how it is allowed. The whole premise that anybody with money is automatically a criminal is just so wrong. I made a lot of money in crypto, am I a criminal? As the crypto economy grows, more and more people will be able to earn a living working in crypto and without all the insane regulations, lawyers, accountants, taxes, etc. it is possible to work less hours and make more money. Of course if you worry about those sorts of things, please comply with all regulations and make sure to properly submit the cost basis for EVERY crypto transaction, including each and every mining block you stake, and properly calculate the capital gains earned using complex accounting methods you need to hire expensive accountant.

James

Right on James!

+1 Million

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: chicken65 on August 19, 2014, 05:26:32 PM

Lots of hold hold hold. yes, that is what Ive been doing.

But how does that help me as an investor in this coin.
How does that help spread usage of this coin

Selling doesnt help spread usage either.
I think BTCD will be in pretty high demand just so people can stake with it and get free teleporting for the commodity coins, like bitcoin

Think of owning BTCD like owning a membership that allows access to valuable services. Sort of like a passport, the more BTCD you have the more things you can do.

BerkshireHathaway stock is primarily a HODL stock, possibly the original HODL. It seems have done quite nicely over the years

James

Azeh

sr. member

Activity: 441

Merit: 500

New Poll UP!

How long should Teleport services for other coins be offered without charge?

Please Vote!

If you choose other, please make a post giving your comments.

Thanks

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: criptix on August 19, 2014, 05:09:54 PM

Quote from: Azeh on August 19, 2014, 04:32:02 AM

Anonymous BTCD Debit Cards for Fiat Withdrawal

Crypto ⇒ Cash! An Anon Card is similar to a traditional pre-paid debit MasterCard but will allow BitcoinDark users the ability to anonymously transfer BTCD to fiat.

Anon cards will enable users to bridge the divide between Crypto and the Traditional Banking system. What this means is that you will be able to load your Anon card with BTCD and convert to fiat to make purchases or withdrawals.

However, Anon cards allow users to keep personal information private. Traditional debit cards are directly linked to users through personal information that is required in order to receive them, but with Anon Cards, no personal information is required to receive a card so your personal information will remain private, and your use of the card anonymous.

great job guys

i have a question though, how can the card be totaly anon? arent there anti money launderings laws that prohibits something like this?

i.e. there exists visa/mastercard prepaid credit cards that you can buy and load with money - without a need of registration.
the problem here is though, without registering the prepaid credit card you only have a annual volume of 500-1000 € i think.
could you give some more details about it? also is it still possible to get shares of it? Grin

greetings

Not all countries have laws that build in the assumption that anybody with money is a criminal. Hopefully the monthly volume limit for the card will be ~$5000 USD. If that is not enough, you would have to get another card. Still haggling with the bank, they seem to not understand crypto time and people are taking some summer holidays!

These cards are meant for personal use, not practical to push through millions of dollars required for large criminal enterprises, so that is how it is allowed. The whole premise that anybody with money is automatically a criminal is just so wrong. I made a lot of money in crypto, am I a criminal? As the crypto economy grows, more and more people will be able to earn a living working in crypto and without all the insane regulations, lawyers, accountants, taxes, etc. it is possible to work less hours and make more money. Of course if you worry about those sorts of things, please comply with all regulations and make sure to properly submit the cost basis for EVERY crypto transaction, including each and every mining block you stake, and properly calculate the capital gains earned using complex accounting methods you need to hire expensive accountant.

James

chicken65

hero member

Activity: 770

Merit: 506

Lots of hold hold hold. yes, that is what Ive been doing.

But how does that help me as an investor in this coin.
How does that help spread usage of this coin

jl777

legendary

Activity: 1176

Merit: 1134

While I am waiting for some mgwBTCD tests, I was looking at all the green on coinmarketcap today. So after yesterday's sea of red, we get all coins recovering some part of it today. I think for a lot of coins since the loss was caused by liquidity squeeze they will regain most of what they lost. Though some coins are going through the DCB (dead cat bounce) stage and I fear bargain hunters in some coins will be burned.

The interesting thing about all this is that while the other coins were losing 10%, 20% or even 40%, BTCD hardly budged. Ignoring the bots small volume games, the prices held quite close to the .0045 level. Now today, the recovery and BTCD price is hardly moving. Not sure what this means, its almost like BTCD is existing outside the "normal" crypto universe.

Maybe it is because ~75% is staking and off the market? Not sure, such observing.

Ah, seems I have a few bugs to fix, but I am hoping to get mgwBTCD operational soon. After all these build issues and dealing the NXT's Digital Goods Store coming online and changing some low level syntax, I am not in the mood for difficult coding today, so might as well push forward in the easier areas. One good thing about doing so many things is that there is usually something that I am ready to do, so each day makes progress, just sometimes in unexpected areas.

More as I get some tangible results. I did manage to get BTCD deposits to multisig address working and even got a withdraw, but something is getting confused due to the new API that wasnt backwards compatible. I made a big fuss about this in NXT land and until the 50 mil heist, it was the hot topic, but at least moving forward I have promises that new releases of NXT wont be breaking deployed production systems, especially the #1 most popular NXT addon service like MGW! It is already the #1 exchange for NXT/BTC since bter is still offline, 50 BTC to 100BTC per day, just trading NXT and its still in beta running on my dev servers.

With such an overwhelming popularity of MGW, its asset price went from ~2 to almost 10 NXT each, but that is probably just some overeager peoples that want to support MGW as it is operating in breakeven mode (to get marketshare) for now and its dividends will come from InstantDEX revenue sharing. InstantDEX solves the few issues with NXT AE and brings a centralized exchange user experience without the centralized exchange! Some decentralized magic and localhost webpage and it will look like a centralized exchange, but actually live in the peer to peer network (via privacyServers in BTCD core) and clear the trades on NXT blockchain via AE trades. Simple isnt it?

Anyway, with MGW prices above 7 and InstantDEX having 10 times the dividend potential, its current price of ~30 NXT is really undervalued, then again maybe MGW being over 3 is overvalued? It could go either way, but if MGW is doing 100BTC per day with the usually low volume NXT, reaching 1000 BTC per day for InstantDEX doesnt seem so unrealistic. That would create 1 BTC per day of InstantDEX dividends (0.1 BTC for MGW and 0.1 BTC for BTCD stakers), lets see that is 30 BTC per month or ~500,000 NXT per month -> 6 NXT per year of dividends per InstantDEX. So a price of 60 NXT would be a PE of 10. I guess not so crazy high after all. Maybe the MGW investors know what they are doing!

The cool thing is that with a decentralized architecture, the daily trading volume can go from 1000 BTC per day to 10000 BTC per day without needing any server upgrades or website overhauls, it just multiplies the dividends by 10.

Welcome to the new world of fully automated decentralized money making businesses

James

cloudboy

hero member

Activity: 690

Merit: 501

Quote from: Grillo on August 19, 2014, 05:20:44 PM

Am I on a fork??
Network weight is only 54k??
68640blocks..

No, that's correct.

Grillo

full member

Activity: 225

Merit: 100

Am I on a fork??
Network weight is only 54k??
68640blocks..

clovis A.

legendary

Activity: 1206

Merit: 1000

Quote from: criptix on August 19, 2014, 05:09:54 PM

Quote from: Azeh on August 19, 2014, 04:32:02 AM

Anonymous BTCD Debit Cards for Fiat Withdrawal

Crypto ⇒ Cash! An Anon Card is similar to a traditional pre-paid debit MasterCard but will allow BitcoinDark users the ability to anonymously transfer BTCD to fiat.

Anon cards will enable users to bridge the divide between Crypto and the Traditional Banking system. What this means is that you will be able to load your Anon card with BTCD and convert to fiat to make purchases or withdrawals.

However, Anon cards allow users to keep personal information private. Traditional debit cards are directly linked to users through personal information that is required in order to receive them, but with Anon Cards, no personal information is required to receive a card so your personal information will remain private, and your use of the card anonymous.

great job guys

i have a question though, how can the card be totaly anon? arent there anti money launderings laws that prohibits something like this?

i.e. there exists visa/mastercard prepaid credit cards that you can buy and load with money - without a need of registration.
the problem here is though, without registering the prepaid credit card you only have a annual volume of 500-1000 € i think.
could you give some more details about it? also is it still possible to get shares of it? Grin

greetings

Shares of the "cryptocard" asset can be purchased on the NXT asset exchange.

ASSET ID: 7110939398145553585
http://localhost:7876/index.html?app#asset:7110939398145553585

criptix

legendary

Activity: 2464

Merit: 1145

Quote from: Azeh on August 19, 2014, 04:32:02 AM

Anonymous BTCD Debit Cards for Fiat Withdrawal

Crypto ⇒ Cash! An Anon Card is similar to a traditional pre-paid debit MasterCard but will allow BitcoinDark users the ability to anonymously transfer BTCD to fiat.

Anon cards will enable users to bridge the divide between Crypto and the Traditional Banking system. What this means is that you will be able to load your Anon card with BTCD and convert to fiat to make purchases or withdrawals.

However, Anon cards allow users to keep personal information private. Traditional debit cards are directly linked to users through personal information that is required in order to receive them, but with Anon Cards, no personal information is required to receive a card so your personal information will remain private, and your use of the card anonymous.

great job guys

i have a question though, how can the card be totaly anon? arent there anti money launderings laws that prohibits something like this?

i.e. there exists visa/mastercard prepaid credit cards that you can buy and load with money - without a need of registration.
the problem here is though, without registering the prepaid credit card you only have a annual volume of 500-1000 € i think.
could you give some more details about it? also is it still possible to get shares of it? Grin

greetings

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Ikonic74

newbie

Activity: 7

Merit: 0

Quote from: Ikonic74 on August 14, 2014, 10:37:17 PM

Quote from: whitegold15 on August 14, 2014, 03:06:58 PM

Quote from: thevampireskilledit on August 14, 2014, 11:58:14 AM

Quote from: Azeh on August 14, 2014, 11:43:23 AM

Donation Update!

We're now asking the community to help raise funds for development purposes. We currently have a lot in the pipeline, and we have need to fund Core Development, Website Development, Promotion and Marketing, etc.

All donations will be pooled into one large fund with which the dev team will then use on a need to need basis. The process will be transparent and all funds being paid out will be listed on the new website.

Our short term goal is to raise 5000 BTCD. We hope the BitcoinDark community can provide the support we need to make BTCD one of the top coins around!

James (jl777) will match all BTCD raised for donations with an equal market value of NXTprivacy

Please support BitcoinDark development by providing a donation to the following address:

RDtnnLj5LQ8YMxBJbHX1N4jNKeaC67FLGW

Current Total: 464.3495

Just sent 36 to hit 500.

add another 100 to that total, its otw

Sent 25

TrxID: 5d91ac0fb9120b7da6fe5692e9b1be394dd142a1b18085766f46cce7795689f7

NXT address - NXT-7NQY-PVNX-M2BL-HWRDA

Guinness336

newbie

Activity: 10

Merit: 0

Quote from: PondSea on August 16, 2014, 11:40:48 PM

What was your wallet address? So we can track to see where the coins went?

Back from vacation. Here is....well was my address. REwCJfaWEiBx5yrzzmbQRitmPR3RWbqyZH

dollux

sr. member

Activity: 364

Merit: 250

Two images that might be useful.

crackfoo

legendary

Activity: 3556

Merit: 1126

Quote from: crackfoo on August 19, 2014, 06:15:35 AM

Quote from: RedZeppelin on August 19, 2014, 03:46:36 AM

Been reading up in this thread about this coin and i think this is solid stuff.
Pointed 2TH towards the xpool and are considering adding another 4TH.
Only downside seems to be i missed the release Cry

Thanks a bunch!

Payouts are daily M-F after 7 PM EST.

Cheers

http://btcd.xpool.ca

Just added some new coins to SHA which just jumped up the profitability. Would be good to get on this now.

Darkoth89

hero member

Activity: 1274

Merit: 646

Just withdrew my BTCD from the exchange, time to stake and HODL.

Keep up the great work guys!

clovis A.

legendary

Activity: 1206

Merit: 1000

Can't express it enough...... the forum thread, the devs and the community are top notch!!! Always love waking up and reading some great dialogue...... this thread is my morning newspaper Grin

clovis A.

legendary

Activity: 1206

Merit: 1000

@Azeh, the updated OP looks great!!! Grin

crackfoo

legendary

Activity: 3556

Merit: 1126

Quote from: RedZeppelin on August 19, 2014, 03:46:36 AM

Been reading up in this thread about this coin and i think this is solid stuff.
Pointed 2TH towards the xpool and are considering adding another 4TH.
Only downside seems to be i missed the release Cry

Thanks a bunch!

Payouts are daily M-F after 7 PM EST.

Cheers

http://btcd.xpool.ca

Topic: BTCD is no more - page 357. (Read 1328490 times)