ālea iacta est... PayPal crosses over to Bitcoin - Daily ...

If someone sends me 120,000 dollars to my Paypal account, the account will be frozen?

How do you solve the problem?
submitted by AnserGent to paypal [link] [comments]

Embezzled PayPal Funds Laundered into Bitcoins via Online Game

Embezzled PayPal Funds Laundered into Bitcoins via Online Game submitted by busymomwith5 to Crypto_Currency_News [link] [comments]

Embezzled PayPal Funds Laundered into Bitcoins via Online Game - Bitcoinist.com

Embezzled PayPal Funds Laundered into Bitcoins via Online Game - Bitcoinist.com submitted by dobraszczyk to Crypto_Currency_News [link] [comments]

Back in 2014, a "friend" laundered 10k of cash through my PayPal and gave me a stipend. /r/Bitcoin

Back in 2014, a submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Embezzled PayPal Funds Laundered into Bitcoins via Online Game

submitted by ecoinland to coinzine [link] [comments]

Embezzled PayPal Funds Laundered into Bitcoins via Online Game

submitted by sokeaman to bitcoins [link] [comments]

[BC, Victoria][H]1gb sticks of DDR2 and DDR3 Sodimm/Laptop RAM. [W]Paypal, Bitcoin, Money Laundering, Western Union, Cash in an envelope

I have 7 x 1gb DDR2 ram sticks. Sodimm, for laptops.
I have 5 x 1gb DDR3 ram sticks. Sodimm, for laptops.
I am pretty sure nobody wants these for any reason. My asking price is 8$/stick + shipping, but a cunning negotiator could probably get me lower.
Here's the imgur; http://imgur.com/0i2YldJ
Edit: Just to be clear, I understand and respect that this is not a local trading site (I've already posted to Craigslist and UsedVictoria), and I will happily ship to anywhere in Canada! Heck, I'll even ship outside of Canada!
submitted by CE2JRH to CanadianHardwareSwap [link] [comments]

Black market payments in a cashless society

Hi Team, I have been thinking a lot about the death of cash. I am going to buy more PayPal Visa StoneCo. I have been thinking about how the death of cash is accelerating due to COVID and how some countries are further along than others. What really interests me is what will happen to cash in hand jobs, the second hand market, black market and even criminals who buy and sell illegal or stolen items. I can’t imagine these naughty people will simply become good over night, they will still trade. So how will they trade whilst trying to evade traceability and tax? I wondered about the use of crypto currency, or gold even. So team I ask you (from an financial maybe even investment perspective ) how will the black market cope with the death of cash?
Edit What I mean is what will the average Joe use to transfer small amounts of money. For example let’s say you wanted to buy some small amount of Weed. What would a small time dealer use for money transfer, when there is no more cash?
You say crypto currency, but how will that manifest in an easy accessible untraceable form?
Also I’m not suggesting that criminals use PayPal or stoneco or visa. I’m investing in those because of the move towards a cashless society. And ... I’m asking what will be used for money transfer in a cashless society for untraceable perhaps illegal money transfer.
submitted by watton_earth to UKInvesting [link] [comments]

Scam artists are extremely active right now be safe

I struggle, and as someone who is considered "at-risk" I am a target. If you are also looking for help be careful. There is a Dangerous scam that targets people who need help called a "Mule Scheme"

They will send you money, it will seem like a good deal. It may be presented like a job or an errand. However, they are trying to use you to launder money and can land you in jail.

So if someone sends you a.... A large sum of money... DO NOT ACCEPT IT. DO NOT BUY THE BITCOIN. DO not give out your Banking information, services like Zelle are safe, Paypal and cash app are slightly less safe, but whatever you do, DO NOT GIVE OUT YOUR ROUTING NUMBER.
If they give you a link, make sure its encrypted, Http = Unsafe https = safe-ish

There are many variations to the scam, sometimes they pay you for your help, sometimes they double their money by cancelling payment, leaving you a few grand in debt.

If someone helps you, and its a real help.... Its probably not going to be a tremendous amount. Most people will be more willing to get you food, advice or supplies directly. and Occasionally small sums of money.
1k, 2k, 5k,
That's a money-laundering scheme, and you can go to prison for it.

Scam artists are extremely active right now, and people on the edge.... need to be even more careful. I have been in a transitional period of my life, and just looking for an apartment i run into 15 scam artists for every real person.

If your house hunting and need cheap rent, find the average low on Roomster, or Roomi before checking into Craigslist ad. If rent in your area is 600$ and the Craigslist ad says 300$ thats a scam.

Be safe, this period of time has made the scum and villainy super active.
submitted by Gndermuk to Assistance [link] [comments]

Selling BTC on Paxful for fun and profit -- any experience?

So I was researching non-KYC methods of purchasing BTC for myself and came across the Paxful P2P exchange which seems to even allow PayPal as a payment method.
There's a pretty high price spread for these listed PayPalUSD-BTC transactions -- like 15 to 20% and higher.
I'm a HODLer myself, have no interest in selling my own personal stash, but receiving additional income as a bitcoin middleman is pretty attractive.
Does anyone have experience trading on this platform?
If I were to spot purchase BTC on-demand from Coinbase or Gemini, trade for USD via Paxful/PayPal at a premium, then as long as I used LIFO tax ordering I don't see how the tax impact would be much of an issue. With such quick turnaround the capital gains would be negligible (or they'd be losses) and wouldn't really eat much into my profits from selling at a premium. I could leave my 'old' coins untouched for the long term and just trade with the 'fresh' ones.
Anyone have any success with being this type of middleman either on this platform or another?
EDIT: Looking into things a bit more, I bet a lot of replies to this will be to suggest Bisq instead. How does fiat trading work with Bisq?
EDIT2: Thinking a bit further about this whole process, it seems like these P2P exchanges would make it trivially easy to buy some Bitcoin on a traditional exchange, "sell" it to yourself at a loss for tax purposes, and continue to hold your coins privately. These platforms must be rife with 'laundering' abuses.
submitted by MiguelLancaster to Bitcoin [link] [comments]

Round up of Cryptocurrency News #10 Week 28/09 - 4/10

Hello and sorry all its been about a month since serious post. So what has happened this week? 1. Kucoin exchange was hacked for over $150 Million in Bitcoin. Bitfinex and Tether freezes $33 Million of stolen funds. Over this past week we have seen many cryptocurrencies on the exchange be released from the freeze. However, users are still waiting on the main cryptos to be released as KuCoin is working on their security of their platform to make sure it does not happen again. The hacker itself tried to dump his tokens over Binance... Good try lol https://news.bitcoin.com/kucoin-hack-17m-laundered-via-decentralized-exchanges-blockchain-analysis-firm-claims-this-can-still-be-traced/ (HOLY MOLY) https://news.bitcoin.com/kucoin-ceo-says-exchange-hack-suspects-found-204-million-recovered/ 2. Bitcoin outperforms Gold, Nasdaq, 10 year treasury and S&P 500. not surprising at all for us but still very interesting, Bitcoin is up 48% since the start of the year. It appears more people are becoming interested in cryptocurrency as Bitcoin continues to be the best performing asset not just in the past 10 years but of all time. On a more personal note, I was at a small gathering today (within covid restrictions) and I was just saying how i was really interested in cryptocurrency. For the first time ever everyone around me was really interested in what it was and how it worked also talked to a lot of my stock market friends and almost all have pulled out or thinking of pulling out. related: https://dailyhodl.com/2020/10/01/report-details-unprecedented-levels-of-wall-street-interest-in-bitcoin-and-cryptocurrency/ https://dailyhodl.com/2020/10/02/former-goldman-institutional-trader-says-large-investors-now-buying-bitcoin-and-gold-at-same-pace-heres-why/ 3. CBDC news - US federal reserve is actively working on the a digital dollar. From a previous post we know that the European Union is working on a Digital Euro and China is working on their own digital dollar. For me this is a bit of a worrying issue and seems like an upgrade for their own outdated systems completely removing the idea of decentralisation. In addition to this, I find it interesting that in Australia all cryptocurrency tax laws were written in late 2017/2018 and continues to be adapted. In Russia their are harsh penalties for unreported cryptocurrency holdings. In my controversial view I think the technology of blockchain can actually be used to recreate and rewrite a much better future through its innate abilities. we can avoid things like this: https://news.bitcoin.com/jpmorgan-fraud-billion-dollar-settlement/ 4. Highlights on cryptojacking - if you dont know what this is it is when a script or code runs on a computer to mine cryptocurrency using your computer resources. You can block these using other programs or scripts and being safe over the internet. 5. World economic forum names XRP as crypto asset most relevant in central bank digital currency space. Many partnerships in the space plus flare coming later. https://dailyhodl.com/2020/09/30/ripple-matchmaking-effort-discovered-featuring-170-financial-institutions-is-xrp-front-and-cente i definitely have a love hate relationship with XRP. 6. https://dailyhodl.com/2020/09/28/defi-movement-shatters-11000000000-in-total-crypto-assets-locked/ https://news.bitcoin.com/uniswap-captures-2-billion-locked-dex-volume-outpaces-second-largest-centralized-exchange/ 7. https://www.ey.com/en_au/blockchain/blockchain-platforms 8. https://dailyhodl.com/2020/09/29/twitter-ceo-jack-dorsey-says-bitcoin-and-blockchain-will-fuel-financial-freedom-and-transform-future-of-content-delivery/ 9. https://news.bitcoin.com/easily-spend-your-bitcoin-via-prepaid-debit-card-or-a-paypal-account-with-bitcoin-of-americas-easy-to-use-trading-platform/ 10. https://news.bitcoin.com/bitcoin-com-exchange-to-list-aspire-and-aspire-gas-as-newest-digital-asset-creation-platform-comes-to-market/ 11. https://news.bitcoin.com/onecoin-victims-petition-establishment-european-crypto-fraud-compensation-fund/ 12. https://news.bitcoin.com/atari-announces-ieo-collaboration-and-listing-of-the-atari-token-with-bitcoin-com-exchange/ Atari also partners with Cryptocurrency project ULTRA. Don't sleep on NFT projects, they may be a niche but they help with organisation, collectability and simplifies processes. 13. https://news.bitcoin.com/aurus-disrupts-the-gold-industry-today-its-ecosystem-lists-at-a-value-of-75m/ 14. https://dailyhodl.com/2020/10/01/irs-deploying-two-firms-to-track-crypto-transactions-in-million-dollar-deal/ 15. https://dailyhodl.com/2020/10/01/number-of-crypto-users-shatters-100000000-worldwide-cambridge-study/ https://news.bitcoin.com/bitcoin-posts-a-66-day-consecutive-streak-above-the-10k-price-range/ 16. https://news.bitcoin.com/cryptocurrency-exchange-diginex-trading-nasdaq/ 17. https://news.bitcoin.com/smart-contract-protocol-rsk-attempts-to-bring-defi-to-the-bitcoin-network/ 18. Bitmex news: https://news.bitcoin.com/bitmex-criminal-charges-prison/ well this happened. https://news.bitcoin.com/open-interest-on-bitmex-drops-16-investors-withdraw-37000-btc-in-less-than-24-hours/ https://dailyhodl.com/2020/10/02/bitmex-fires-back-after-us-accuses-crypto-exchange-of-failing-to-prevent-money-fraud/ https://dailyhodl.com/2020/10/03/440000000-in-bitcoin-exits-bitmex-as-crypto-traders-respond-to-cftc-allegations/ 19. Contract to break monero privacy: https://news.bitcoin.com/chainalysis-and-integra-win-1-25-million-irs-contract-to-break-monero/ 20. https://news.bitcoin.com/stacking-satoshis-leveraging-defi-applications-to-earn-more-bitcoin/ 21. https://dailyhodl.com/2020/10/02/bitcoin-whale-issues-big-warning-to-traders-heres-why-he-believes-group-of-crypto-assets-are-at-risk-from-regulators/ 22. https://news.bitcoin.com/venezuelas-state-run-defi-crypto-exchange-goes-live-after-maduros-anti-blockade-speech/ 23. https://news.bitcoin.com/crypto-exchange-coinbase-hands-over-customer-data-to-uk-tax-authority/ 24. https://news.bitcoin.com/jeff-booth-bitcoin-price-of-tomorrow/
25. https://news.bitcoin.com/eth-volumes-top-125-billion-in-q3-high-risk-dapps-dominate-tron-network/ 
Here is a small cross post for price movement: https://dailyhodl.com/2020/09/30/bitcoin-btc-tezos-xtz-cardano-ada-etoro-crypto-roundup/
Seems like everyone is bullish on bitcoin and leading crypto projects to make big gains over the next year, sooner rather than later. Bitcoin also holds above $10.5K with over 1Million wallets. Bitcoin interest is gaining throughout the world as many parts are hit by economic crisis.
Ethereum 2.0 roadmap updated, plans to exponentially increase scalability! VERY BULLISH. https://dailyhodl.com/2020/10/03/vitalik-buterin-updates-ethereum-2-0-roadmap-details-plans-to-exponentially-increase-scalability/
submitted by IOTAbesomewhere to Gravychain [link] [comments]

HOW TO BUY BITCOIN WITH DEBIT CARD

HOW TO BUY BITCOIN WITH DEBIT CARD

How Debit Cards Work?

A debit card is a plastic card issued by a bank that allows cardholders to pay for goods or services using funds on their checking account. Debit cards are the most common payment methods used by individuals who want to buy Bitcoin. Unlike credit cards, debit cards can only be used if the card holder has sufficient funds on a bank account.
Debit card as a payment method is convenient because your payment transactions are secured and processed immediately. As a result, you can receive your Bitcoin in minutes, if you buy Bitcoin with a debit card. This is not the case when you are using bank wire transfers and some other payment methods to purchase digital assets.

https://preview.redd.it/ozn9ljmfaep51.png?width=752&format=png&auto=webp&s=7710953f53f74dbc2856d8a29a820d5c9267f2e4

Where to Buy Bitcoin with a Debit Card?

Almost all crypto exchanges and online services such as Cash App and eToro accept debit cards. Cash App supports debit cards from Visa, MasterCard, American Express, and Discover. However, it currently does not accept PayPal and business debit cards. Unlike cryptocurrency exchanges and other online services, Digital Finance makes Bitcoin purchase process really quick and easy. You can instantly buy Bitcoin with debit card on our website. Currently, we accept all major debit cards, including Visa and Mastercard.

How to Buy Bitcoin with a Debit Card?

The most common but unfortunately not fastest way to buy Bitcoin is purchasing it with debit card on a cryptocurrency exchange, such as Binance or Coinbase. The issue is that Know Your Customer (KYC) process is time consuming. Because of that, customers usually need to wait several days and are not able to buy Bitcoin until their identity is verified and exchange account is activated. Moreover, some trading expertise is needed to place a buy order and properly execute it on a crypto exchange.

https://preview.redd.it/526czj1iaep51.jpg?width=1656&format=pjpg&auto=webp&s=7c660d4f64ed7f89868e70a4c379d7efbe2811fa

How to Buy Bitcoin with a Debit Card Instantly?

Regulators all over the world require stricter regulations of crypto exchanges, crypto wallets, and other crypto related businesses. Therefore, such companies are forced to be compliant with financial regulations and implement more rigorous and time consuming Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.
At the same time, we observe a growing demand for online fiat-to-crypto services that can improve customer experience and make Bitcoin purchase process faster and easier. Such companies as MoonPay and Simplex use a simplified KYC process and allow their customers to buy Bitcoin with a debit card instantly.

https://preview.redd.it/d401n3nlaep51.jpg?width=1280&format=pjpg&auto=webp&s=0c795ccdd118d2e8203bd337cc3558f133c9e725
You can learn more about Bitcoin investment products and strategies here.
Legal Disclosure: The information contained in this article is the property of Digital Finance LLC and cannot be republished without our prior permission.
Digital Finance is a Washington, DC, financial company that specializes exclusively in the Bitcoin market. We provide easy and compliant exposure to digital assets and help our customers from all over the world to instantly buy Bitcoin and earn up to 6% annually on their Bitcoin holdings.
submitted by MaximNurov to u/MaximNurov [link] [comments]

Russia’s New Crypto Analytics System to Track Dash and Monero

A major financial watchdog in Russia is developing a new cryptocurrency analytics tool to trace major cryptos like Bitcoin (BTC) and privacy coins.

Russia’s Federal Financial Monitoring Service, a federal service combating money laundering and terrorist financing, is reportedly planning to build a new analytics platform for tracking cryptocurrency transactions via artificial intelligence, or AI.

Dubbed “Transparent Blockchain,” the new system is designed to track the movement of digital financial assets and identify crypto service providers to fight illicit activity related to digital assets, local news agency RBC reports Aug. 10.

According to the report, the new system is able to “partially reduce anonymity” of transactions involving major coins like Bitcoin, Ether (ETH), Omni (OMNI) as well as privacy-focused cryptocurrencies like Dash (DASH) and Monero (XMR).

As reported, the financial regulator has successfully piloted a prototype system to fight drug trafficking. The system was developed in collaboration with a major Russian research institute, the Lebedev Physical Institute of the Russian Academy of Sciences, the report notes.

The project has reportedly been funded by extra-budgetary resources so far but would require additional funding. According to preliminary data, Russian “Transparent Blockchain” will require about 760 million rubles ($10.3 million) from the federal budget from 2021 till 2023. The targeted customers of the new platform reportedly include major financial institutions like Russia’s central bank.

The news comes shortly after Russia officially passed its major cryptocurrency-related bill “On Digital Financial Assets.” Set to be adopted in January 2021, the new law prohibits the use of cryptocurrencies like Bitcoin as a payment method. Earlier in August, Russia’s lawmakers passed new amendments to the law “On National Payment System,” banning anonymous deposits to major online wallets like Yandex, WebMoney, PayPal and Kiwi.
submitted by ami_nil1987 to DigitalCryptoWorld [link] [comments]

Russia’s New Crypto Analytics System to Track Dash and Monero

A major financial watchdog in Russia is developing a new cryptocurrency analytics tool to trace major cryptos like Bitcoin (BTC) and privacy coins.

Russia’s Federal Financial Monitoring Service, a federal service combating money laundering and terrorist financing, is reportedly planning to build a new analytics platform for tracking cryptocurrency transactions via artificial intelligence, or AI.

Dubbed “Transparent Blockchain,” the new system is designed to track the movement of digital financial assets and identify crypto service providers to fight illicit activity related to digital assets, local news agency RBC reports Aug. 10.

According to the report, the new system is able to “partially reduce anonymity” of transactions involving major coins like Bitcoin, Ether (ETH), Omni (OMNI) as well as privacy-focused cryptocurrencies like Dash (DASH) and Monero (XMR).

As reported, the financial regulator has successfully piloted a prototype system to fight drug trafficking. The system was developed in collaboration with a major Russian research institute, the Lebedev Physical Institute of the Russian Academy of Sciences, the report notes.

The project has reportedly been funded by extra-budgetary resources so far but would require additional funding. According to preliminary data, Russian “Transparent Blockchain” will require about 760 million rubles ($10.3 million) from the federal budget from 2021 till 2023. The targeted customers of the new platform reportedly include major financial institutions like Russia’s central bank.

The news comes shortly after Russia officially passed its major cryptocurrency-related bill “On Digital Financial Assets.” Set to be adopted in January 2021, the new law prohibits the use of cryptocurrencies like Bitcoin as a payment method. Earlier in August, Russia’s lawmakers passed new amendments to the law “On National Payment System,” banning anonymous deposits to major online wallets like Yandex, WebMoney, PayPal and Kiwi.
submitted by ami_nil1987 to airdropfactory [link] [comments]

[PSA] Paypal on SkinBaron and as a whole in our industry

TL;DR at the start: Paypal won't be available on SkinBaron in the near future. Paypal doesn't want any sellers (non-publishers) of ingame currency or ingame items as their clients. Anyone with a balance on SkinBaron who can't use our SEPA-cashout (bank-transfer), please contact [[email protected]](mailto:[email protected]) and we will find a custom solution together.
Extended explanation:
It took us one week to get a statement from Paypal about why our account has been frozen. Our account manager finally stated that Paypal US took a global(!) decision, to stop working with individuals, businesses and marketplaces that buy / sell ingame currency and ingame items. This doesn't affect only CS:GO but any ingame currency and item, like WoW Gold, Fifa Coins, Skins, etc...They told us that game keys are fine right now. There is nothing in their TOS about this yet, we were told it will be added, but the decision to close the accounts had to be taken in a hurry.
We tried to verify it and found that most major sites in the business of digital currencies already ceased to offer paypal. There are many marketplaces and sites that buy and sell CS:GO skins that still offer paypal right now, but we were told that Paypal will shut all of these accounts within the next weeks.
The reason that paypal stated to us was that ingame currencies and items are used for criminal purposes like money laundering and credit card / payment-fraud. We strongly disagree with this regarding SkinBaron, because we take a lot of measures to protect our clients and even the clients of paypal with strict AML ("anti money laundering") and KYC ("know your customer") routines, all compliant with german legislation. Paypal said that they understand this, but the decision had to be made because the industry of third party currency and item sellers did not adhere to these standards and they don't differentiate as of now. Of course we hope that this decision will be reviewed in the future.
Until then we are working on providing our international clients with more cashout methods like bitcoin, international bank transfer and skrill. Please send us feedback on which cashout option you would like to have. Please understand that SkinBaron takes the time to verify the legality and compliance with AML before we introduce any new payment option, so it will take at least some weeks until more payment method will be online.
A word of warning: Paypal froze our account with a substantial sum in it without prior notification. They reserve the right to hold the money for 180 days. This is not a problem for SkinBaron or our clients, we keep the majority of user's funds in a german bank account and have already replenished the now frozen paypal money from the bank account where we keep the company's money.
I just want to note that any business that keeps the majority of their funds in their paypal account or has Paypal as their primary payment option is in immediate danger of going out of business. This is not only a PSA for the users that have a cash or skin balance on such sites, but also to the owners of these sites: move the money to your bank / crypto account where it is safe. Paypal won't care and won't help after they find and close your account.
In my opinion individual traders are safe. Paypal probably doesn't have the means to see what your transactions are for. So as long as noone reports an individual trader, he should be fine. I would still advise to keep the paypal balance low for any cash traders that use paypal.
I'm here to answer any questions.

Hannes Scholz
CEO SkinBaron GmbH
submitted by SkinBaron to GlobalOffensiveTrade [link] [comments]

You are likely to be mandated to spend some amount of time indoors over the next few weeks. Postal services will still operate but in-person dealers may not.

Do not fall for the many bait and scam posts that will be posted on reddit. To remind people
DarkNet Markets are widespread and the reviews there meant that vendors are accountable for the products they sell. Escrow makes it impossible for vendors to take money without sending product and frankly it's so lucrative that big vendors don't need or want to. Look for the best review history, not the cheapest price.
Bitcoin used to be anonymous for a long time but it has always been possible to publicly trace transactions between accounts. Now that Anti Money Laundering rules require exchanges to keep photo ID for purchases this makes it possible for bitcoin purchases to be linked to your ID. All markets accept Monero, a different currency which works in the same way but makes it impossible to link transactions between accounts without the login details for the sender account. Bisq, kraken, poloniex and other exchanges allow trading of Bitcoin for Monero and this makes it easy to break the surveillance chain.
Learning to use DNMs takes a couple of hours and will decrease the risk you are exposed to by allowing you to more effectively vet who you are purchasing from. Use DuckDuckGo to search for guides online (DO NOT ASK IN THIS SUBREDDIT) and have a read. Do not ask individuals to help you through the process, they may be scammers. Look for publicly available guides that have had the chance to be scrutinised. Use https://dark.fail to avoid phishing links to markets. Never follow links to markets that you find on Reddit.
submitted by Borax to cocaine [link] [comments]

PSA: AllDayChemist accepts PayPal

So I've seen this deep in some threads around here but I thought I'd hopefully save future people some time and put it here explicitly: If, like me, you are put off by the shady-looking payment options on AllDayChemist (money order and bitcoin lol), You can pay via PayPal, you just have to specifically request it.
Email them to ask to pay via PayPal (I'd recommend you do that before submitting your order, because apparently they can't take PayPal payment from all countries) Once they give the ok, submit your order as normal on the ADC website.
Then they'll ask you to send them an email with your order number and a photo of a piece of ID. This may seem dodgy, but it's part of some kind of money laundering protection scheme basically making sure your PayPal details match your ID. I was also worried about my details being swiped and misused, so I deliberately made the photo kind of poor quality and I blurred out the ID number. It still got accepted.
A little warning: If you give them your real phone number, they *will* call you even to give you information that you've already received via email. I got called to ask for the ID photo and order number, and again to confirm it had been accepted. I was a little freaked out at first because I wasn't expecting it, but every phone call I've had with them has been perfectly pleasant, if a bit stilted on their side (I assume it's just random call centre workers).
If you still think ADC is sketchy, all I can say is that hundreds of people, on this sub (myself included) and elsewhere, seem to have ordered from them with no problems. And think about it like this: These kinds of websites that live in the grey areas of the law depend hugely on their reputation via word of mouth. If reports went around that someone got scammed out of their money or identity on ADC, their customer base would implode. Weirdly enough, I think this is one of the cases where running an honest business is probably more profitable than scamming people.
Happy retinizing!
submitted by viking_spice to tretinoin [link] [comments]

OP suspects a major problem with a minor's business.

submitted by vmxeo to bestoflegaladvice [link] [comments]

[PSA] Comment from Skinbaron on Paypal

Copy and pasted from GOTrade

TL;DR at the start: Paypal won't be available on SkinBaron in the near future. Paypal doesn't want any sellers (non-publishers) of ingame currency or ingame items as their clients. Anyone with a balance on SkinBaron who can't use our SEPA-cashout (bank-transfer), please contact [[email protected]](mailto:[email protected]) and we will find a custom solution together.
Extended explanation:
It took us one week to get a statement from Paypal about why our account has been frozen. Our account manager finally stated that Paypal US took a global(!) decision, to stop working with individuals, businesses and marketplaces that buy / sell ingame currency and ingame items. This doesn't affect only CS:GO but any ingame currency and item, like WoW Gold, Fifa Coins, Skins, etc...They told us that game keys are fine right now. There is nothing in their TOS about this yet, we were told it will be added, but the decision to close the accounts had to be taken in a hurry.
We tried to verify it and found that most major sites in the business of digital currencies already ceased to offer paypal. There are many marketplaces and sites that buy and sell CS:GO skins that still offer paypal right now, but we were told that Paypal will shut all of these accounts within the next weeks.
The reason that paypal stated to us was that ingame currencies and items are used for criminal purposes like money laundering and credit card / payment-fraud. We strongly disagree with this regarding SkinBaron, because we take a lot of measures to protect our clients and even the clients of paypal with strict AML ("anti money laundering") and KYC ("know your customer") routines, all compliant with german legislation. Paypal said that they understand this, but the decision had to be made because the industry of third party currency and item sellers did not adhere to these standards and they don't differentiate as of now. Of course we hope that this decision will be reviewed in the future.
Until then we are working on providing our international clients with more cashout methods like bitcoin, international bank transfer and skrill. Please send us feedback on which cashout option you would like to have. Please understand that SkinBaron takes the time to verify the legality and compliance with AML before we introduce any new payment option, so it will take at least some weeks until more payment method will be online.
A word of warning: Paypal froze our account with a substantial sum in it without prior notification. They reserve the right to hold the money for 180 days. This is not a problem for SkinBaron or our clients, we keep the majority of user's funds in a german bank account and have already replenished the now frozen paypal money from the bank account where we keep the company's money.
I just want to note that any business that keeps the majority of their funds in their paypal account or has Paypal as their primary payment option is in immediate danger of going out of business. This is not only a PSA for the users that have a cash or skin balance on such sites, but also to the owners of these sites: move the money to your bank / crypto account where it is safe. Paypal won't care and won't help after they find and close your account.
In my opinion individual traders are safe. Paypal probably doesn't have the means to see what your transactions are for. So as long as noone reports an individual trader, he should be fine. I would still advise to keep the paypal balance low for any cash traders that use paypal.
I'm here to answer any questions.
Hannes Scholz
CEO SkinBaron GmbH
submitted by HostileHero to csgomarketforum [link] [comments]

Liquid CAD: Canadian dollar payments on the Liquid Sidechain

Hello fellow Canadian bitcoiners or bitcoinca! You will find below all the information related to the launch of Liquid CAD and Bull Bitcoin's Liquid Bitcoin integration. I'll be checking comments here to answer your questions! I'm also posting some comments on my announcement tweet here: https://twitter.com/francispouliot\_/status/1245758698120605697?s=20

Making the Canadian Dollar Bleed Into Bitcoin

Building the infrastructure for the Bitcoin Standard in Canada before the collapse of fiat currencies is the critical mission objective that drives innovation at Bull Bitcoin.
We are very excited to announce an important milestone in fulfilling this duty: the public release of Liquid CAD, our newest product designed to accelerate and facilitate the adoption of Bitcoin.
Liquid CAD is a non-custodial prepaid payment system denominated in Canadian dollars. Units of Liquid CAD (L-CAD) consist of vouchers issued on the Liquid Network as confidential bearer assets that can be transacted peer-to-peer using a Liquid wallet.
Users acquire Liquid CAD by withdrawing their account balance out of Bull Bitcoin, by purchasing Liquid CAD with Bitcoin on Bull Bitcoin, by using the Liquid CAD withdrawal method on other Bitcoin liquidity providers such as Aquanow or by accepting L-CAD as method of payment.
L-CAD assets can only be redeemed for Bitcoin. They cannot be redeemed for a fiat currency payment.
Liquid CAD is a unique project rethinking the concept of fiat-pegged assets, avoiding the banking business model of “fiatcoin” (aka stablecoins) in favor of a prepaid payments model entirely centred around Bitcoin on-ramp and off-ramp. Liquid CAD is not a currency, nor is it a security: it is a prepaid card.
Importantly, the business model of Liquid CAD is not to collect interest on funds in our custody, unlike fiatcoins, but rather to drive the sales of Bitcoin from which we derive our revenue and we benefit from Liquid CAD assets being cashed out and thus removed from our balance sheet. Bull Bitcoin does not get any revenue from interest.
Every time an L-CAD token is purchased by a user, the amount of dollars deposited on Bull Bitcoin is guaranteed to one day be used by someone to purchase Bitcoin. It’s a one-way street: once a unit of fiat is tokenized as L-CAD, it’s never going back to its off-chain fiat form and will ultimately result in a buy order on a Bitcoin trading platform.
The Liquid CAD logo is a drop of blood because our objective is to accelerate “fiat bleed”, a phenomenon best described by Pierre Rochard in his magnificent essay Speculative Attack:
“Bitcoin will not be eagerly adopted by the mainstream, it will be forced upon them. Forced, as in “compelled by economic reality”. People will be forced to pay with bitcoins, not because of ‘the technology’, but because no one will accept their worthless fiat for payments. Contrary to popular belief, good money drives out bad. This “driving out” has started as a small fiat bleed. It will rapidly escalate into Class IV hemorrhaging due to speculative attacks on weak fiat currencies. The end result will be hyperbitcoinization, i.e. “your money is no good here. Bitcoins are not just good money, they are the best money. The Bitcoin network has the best monetary policy and the best brand. We should therefore expect that bitcoins will drive out bad, weak currencies. My own prediction is that slow bleed has been accelerating and is only the first step. The second step will be speculative attacks that use bitcoins as a platform. The third and final step will be hyperbitcoinization.”
Different representations of Canadian dollars compete to be used as payment methods (cash, bank balances, PayPal balances, closed-loop prepaid cards, open-loop prepaid cards, etc.) and that the winner will be the one that has the best Bitcoin saleability, i.e. which can be most easily sold for Bitcoin at a moment’s notice.
We’re very proud to provide this alternative payment method to Canadians in a time where the banking system is falling deeper into crisis, especially as the Canadian dollar is demonstrating itself to be one of the most pointless and weakest currencies that nobody really wants to hold.
Finally, we’re very happy to be partnering with Aquanow, our recommended institutional liquidity provider for high-volume BTC-CAD trading. They will accept Liquid CAD deposits and withdrawals as being interchangeable with Canadian dollars. We hope that Liquid CAD will become the standard representation of Canadian dollar value among Canadian Bitcoin users.

Liquid Bitcoin (L-BTC) integration

In addition to Liquid CAD, Bull Bitcoin is also announcing that Liquid Bitcoin (L-BTC) payments are now supported interchangeably with Bitcoin transactions for all Bull Bitcoin services. This means that our users can buy, sell and spend L-BTC instead of BTC.
Canadian Bitcoin traders can purchase L-BTC from BullBitcoin.com and fund their international trading accounts with L-BTC using ultra fast and cheap confidential transactions. They can also cash-out their Bitcoin balance as L-BTC from these platforms and sell those L-BTC for fiat on Bylls.com, avoiding risky and expensive international wire transfers to unknown and untrusted foreign banks.
The transactional benefits of L-BTC are very potent:
Disclaimer: Liquid Bitcoin (L-BTC) is not the same as Bitcoin (BTC). L-BTC Liquid Network assets are IOUs for Bitcoin held in a multisignature contract by the Liquid Network federation. The custody of the underlying Bitcoin is managed by a decentralized network of 15 members which process transactions and withdrawals from the multisignature contract according to the Liquid Federation protocol rules.

Liquid CAD detailed overview

Peer-to-peer prepaid payments by Bull Bitcoin

Liquid CAD is a non-custodial prepaid payment system denominated in Canadian dollars. Units of Liquid CAD (L-CAD) consist of vouchers issued on the Liquid Network as confidential bearer assets that can be transacted peer-to-peer using a Liquid wallet. Users acquire Liquid CAD by withdrawing their account balance out of the Bull Bitcoin, by purchasing Liquid CAD with Bitcoin on Bull Bitcoin, by using the Liquid CAD withdrawal method on other Bitcoin liquidity providers such as Aquanow or by accepting L-CAD as method of payment.

A new payment method in Canada

Liquid CAD can be used by anyone to send and receive payments denominated in Canadian dollars. Because of the permissionless nature of the Liquid Network, Bull Bitcoin cannot prevent Liquid CAD from being traded on secondary markets. Merchants, individuals and institutions must accept that only Bull Bitcoin can guarantee redemption of the L-CAD and that this redemption will be exclusively paid out in Bitcoin. Accepting Liquid CAD as payment is, in effect, the same as accepting gift cards as payment. However, Bitcoin being the most liquid commodity on the market, it can be transformed into any other currency easily for example using services such a Bylls which allow Canadians to pay all their utility bills, send bank transfers to third parties or sell Bitcoin to their bank account.

Making Canadian dollars bleed into Bitcoin

The purpose of Liquid CAD is to facilitate the transfer fiat in the context of the purchase and sale of Bitcoin and providing innovative new services that help Bitcoin users hedge the value of Canadian dollars against Bitcoin in the context of their commercial transactions. Our goal is to create a payment method that is specifically targeting Bitcoin users that wish to liquidate Canadian dollar payments for Bitcoin. Our mission is to accelerate the phenomenon known as “fiat bleed” whereby Canadians will gradually abandon inferior money (such as the Canadian dollar) for the superior Bitcoin alternative. Every Liquid CAD issued will ultimately be exchanged into Bitcoin. We are excited for the day Liquid CAD will be made obsolete by the inevitable hyperbitcoinization of the Canadian economy.

Regulation: is Liquid CAD a stablecoin?

Liquid CAD is not a general-purpose “stablecoin”. It is a closed-loop Bitcoin prepaid card. It can exclusively be redeemed for Bitcoin on the Bull Bitcoin platform (or at affiliated merchants). Bull Bitcoin is the only counterparty, and it cannot be redeemed for a canadian dollar payment. It is substantively the same as Canadian Tire money. Unlike stablecoins, Bull Bitcoin makes money with L-CAD by driving the sales of Bitcoin on its platform, and doesn’t collect interest on the deposits of Liquid CAD users.
The purchase of Liquid CAD with Canadian dollars is regulated in the Province of Quebec as a prepaid card under the Consumer Protection Act and the Regulation respecting the application of the Consumer Protection Act Consumer Protection Act which define a prepaid card as “a certificate, card or other medium of exchange that is paid in advance and allows the consumer to acquire goods or services from one or more merchants”.
The purchase of Bitcoin using Liquid CAD is regulated in Canada by the Financial Transactions and Reports Analysis Centre of Canada under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (S.C. 2000, c. 17).

Counterparty risk

Like all other closed-loop prepaid instruments, Liquid CAD has counterparty risk. The owners are trusting that they will eventually be able to use Liquid CAD as a payment method on the Bull Bitcoin platform to fund their account and purchase Bitcoin. When a Bull Bitcoin user withdraws his Bull Bitcoin account balance as an L-CAD token, the Canadian dollars he used to fund this balance remains in our possession in the same manner as regular Bull Bitcoin vouchers. These funds are used to execute Bitcoin purchases when L-CAD owners decide to redeem their L-CAD for Bitcoin. In essence, each L-CAD is “backed” by the Canadian dollar deposit of the user that withdraws it from the platform in the first place.

Benefits of using and accepting Liquid CAD for payments

Irreversible, non-custodial and no bank required

Liquid CAD payments cannot be charged back, cancelled, delayed or frozen. There is no intermediary between the sender and the recipient. It is a bearer asset: whoever owns the keys owns the coins. It is a perfect way to accept payments or transact securely without depending on banks and payment processors. Canadians can use Liquid CAD to purchase Bitcoin and then use Bylls.com to pay billers, personal payees or simply sell Bitcoin to their bank account.

Fast transaction and cheap fees

Liquid Network transactions are sent and received instantly and require 1 minute for settlement. Transaction fees paid using Liquid Bitcoin can be as low as 300 satoshis per transaction (a few cents). In order to benefit from these cheap fees, make sure to download the latest version of the Elements software and ensure that the minimum transaction fee is set at 100 satoshis per kilobye. It only takes a few minutes to set up a free Liquid Network wallet, such a Green Wallet by blockstream.

Confidential transactions

Unlike Bitcoin, transactions between the sender and the recipient are encrypted. It is impossible for third parties observing Liquid CAD transactions on a block explorer to determine the amount of the transaction. In addition, it’s also impossible to even know you are using Liquid CAD, since the data identifying the asset itself is also encrypted!

What are the use-cases of Liquid CAD?

Buying and selling Bitcoin

The primary use-case of Liquid CAD is to make it easier to buy and sell Bitcoin on the Bull Bitcoin platform. By withdrawing their balance from Bull Bitcoin, users are reducing some (but not all) of the custody risk associated with keeping fiat currency on an exchange. For example, use Liquid CAD to create your own non-custodial dollar-cost-averaging schedule!

Onboarding new Bitcoin users

New users can be overwhelmed by the experience of dealing with banks to buy Bitcoin (and the heavier KYC process of account funding). You may be tempted to buy Bitcoin for them, but that will impose a lot of burdens on you. It’s much easier to set them up with a Green wallet, send them Liquid CAD and show them how to use Bull Bitcoin! They decide when is the right time for them to invest, with a lower KYC burden.

Hedging Bitcoin price

You may believe the price of Bitcoin will go down in the short term, but you still want to hold Bitcoin in the long term. Normally you have two options: short the Bitcoin price (very risky!) or sell your Bitcoin and receive Canadian dollars in your bank account (inconvenient!). By selling your Bitcoin for Liquid CAD, you can lock in the value of Bitcoin right now and buy them back later without needing to use your bank account or taking risks with leverage.

Accepting payments

As a merchant, you want to receive the settlement of payments in Bitcoin. But this imposes a burden on your customers, which have to deal with the Bitcoin price volatility when they are paying you. Ask your clients to pay you with Liquid CAD, and you can get the settlement with Bitcoin on your own terms.

Payroll and suppliers

What if your staff or suppliers want to get paid in Bitcoin? It can be very difficult, because this means you are effectively buying Bitcoin on their behalf. Instead, you can pay them in Liquid CAD and let them deal with the process of choosing the exchange rate and using their own wallet. Let them deal with the tax burden, exchange rates and Bitcoin wallet security.

List of Bull Bitcoin Liquid Network features

Withdraw account balance as L-CAD

This is conceptually the same as “buying” Liquid CAD with your account balance. We call it “Withdrawing L-CAD” because on the Bull Bitcoin platform, we consider L-CAD and CAD to be interchangeable and fungible.

Fund account balance with L-CAD

To redeem Liquid CAD for Bitcoin, users need to first fund their account by selecting the “Deposit L-CAD” payment method. Bull Bitcoin users must always fund their account first before buying Bitcoin, and then purchase Bitcoin with their account balances. Reminder: account balances cannot be withdraw as fiat payments, but can later be withdrawn again as L-CAD.

Sell Bitcoin for L-CAD

You can sell Bitcoin and receive Liquid CAD payments instead of a bill payment, personal payee payment or bank payment. As soon as the Bitcoin transaction is confirmed, the Liquid CAD transaction is sent to the address you provided.

Liquid Bitcoin (L-BTC) and Bitcoin interchangeability

For every service which involves a Bitcoin payment, the user can substitute traditional Bitcoin payments for Liquid Bitcoin payments. This includes:
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Original medium post: https://medium.com/@francispouliot/liquid-cad-canadian-dollar-payments-on-the-liquid-sidechain-f7e3309f8a5f
Official landing page: lcad.bullbitcoin.com
Application page: bullbitcoin.com/l-cad
submitted by FrancisPouliot to BitcoinCA [link] [comments]

Are we too afraid to say the truth?

Recent posts here on the sub mention (example) that "big companies" are finally thinking about integrating Bitcoin, that New Zealand has recognized Bitcoin as a valid payment method for employees, etc.
Very interesting developments, on the surface. But I can't help but think the following.
Bitcoin (and 99% of "crypto"currency out there) is functionally a bit like having a bunch of notes in your wallet that have written in them the history of all payments and people the note has been involved with and used for since its creation.
Of course, since real bank notes have no such history, you cannot reasonably in most cases be held accountable for whatever indiscretions the previous owner(s) have committed with that money.
The situation changes, most of you surely realize, the moment the money goes digital: you will be held accountable and you will be investigated if "suspicious" (exactly what constitutes suspicious activity seems to never shrink, in fact it just keeps growing) funds are tied to your account.
Bitcoin and similar "crypto"currencies compound this problem tremendously, since by design every transaction is permanently stored on a public record.
"But the addresses are pseudonymous, not tied to my name!", I hear you say.
Maybe, maybe not.
Exchanges are collecting information on all your transactions, and they know who you are. If it hasn't already, all that data will be sent to centralized, globalist organizations to "fight money laundering" (translations: keep tabs on everyone).
From that origin point, such centralized databases can then track, in real time, all your account movements - and that is exactly what is desired, after all the same already happens with your bank account, your paypal, etc.
"But I'll just mix my BTC", I hear you say.
And now you are accused of actively laundering money.
"I'll just buy OTC and never tie a single BTC to a KYC account!", you protest.
I hear you. Why voluntarily doxx yourself to a third-party that in all likelihood will end up losing the treasure trove to hackers any time from now to infinity? Why make yourself a target by having your face, your name, and your address floating around in connection to how many bitcoins you have in your name?
https://github.com/jlopp/physical-bitcoin-attacks
This stuff is different than a normal bank account. You get scammed big time, or coerced into making a transfer, if you're lucky your bank will make you whole.
Someone knocks on your door with a screwdriver and knows exactly how much BTC you own and whether you have moved it or not, and it's gone. Forever.
Many of you are beginning to wake up to the dire issues with personal privacy and data protection stemming from centralized control of vast troves of personal data, data that people (stupidly and naively) thought would be safe in the hands of giant multi-national corporations hellbent on making a profit.
There is nowdays even a term for their business model: surveillance capitalism.
I want to ask you, how exactly does having transparent money that betrays your financial situation in a real-time stream to the world improve things?
Are we going to have more personal freedom or less personal freedom, when a conglomeration of big trans-national corporations (to say nothing of the government) can track vast percentages of "crypto" transactions, with real identities attached, in real time?
(For the resisters, just bear in mind that transacting with non-KYC'd bitcoin addresses in a world of mostly KYC'd bitcoin addresses is bound to bring attention to your transactions)
Privacy is not a crime - privacy is a human right, even according to the UN, who anyway of course does essentially nothing to rock the boat on the matter. It takes a special kind of organization to claim privacy as a basic human right and then stay mostly silent about mass-surveillance, of the internet, of entire countries, of all our financial transactions.
Remember the Internet before Snowden? It was a conspiracy, the government couldn't be spying on everyone. They are, and they were.
That so many of us fail to recognize the grave danger in allowing this situation to continue is a testament to the peaceful lives most of us lead. We don't even recognize imminent danger anymore.
Wake up, the government shouldn't be spying on you 24/7. The problem is not going to go away on its own, and if you do nothing, and the next guy does nothing, and the next girl does nothing, then nothing will change, in fact it will only get worse.
And one day, history shows, it will become worse enough that you will think to yourself, "why didn't I do anything about it?".
But by then it will be too late. All the dissenters will have been silenced already. You will know in your bones that speaking against the official stories will bring unwelcome attention to yourself and your loved ones, and likely will carry severe consequences.
You will keep quiet. Out of fear.
We're not there yet, and we don't have to go there (yet again).
Privacy is not a crime, but remember this: in a world where privacy is criminalized, only criminals have privacy.
It's time to face the truth. We live in a world of mass-surveillance, and our inertia and inaction allows the situation to worsen day after day after day.
Part of the solution is technological, but another part is social. You have to at least start paying attention to all the little ways you are being tracked. And not just you - everyone else too.
If you are a happy sheep and "have nothing to hide and nothing to worry about", then the usual invitation stands: please post in the comments section a picture of yourself, links to all your social media, your email address, how much crypto you own and in which addresses.
As usual, I am willing to bet, exactly zero of you will take on the challenge, and that is because at some subconscious level at least, you realize that privacy matters.
Blockchain technology is revolutionary, but the transparency-by-default is a bug, not a feature. It will bring tremendous problems for personal freedom and financial independence later on.
Optional privacy will only cause private transactions to stand out against the crowd.
Fortunately, a solution already exists that works today, and has sub-1cent fees. It will empower and liberate you financially, if only you would dedicate some time to learning more about it.
TL;DR (by popular demand): Mass-surveillance is not normal nor is it acceptable in a free society and will inevitably over time widen the power dynamic between the government and large corporations, and the citizenry. Surveillance over others brings power over others, mass-surveillance over societies eventually brings totalitarianism. Totalitarianism, history shows, is not a nice system to live under. Choose freedom, choose privacy, eschew transparent surveillance money and embrace private digital cash.
submitted by xmr_kayront to CryptoCurrency [link] [comments]

ILPT: In depth guide on how you can make a lot of money anonymously (Bitcoin)

So you've all heard of the old e-whoring and DNA scams by now, but people and corporations are already starting to crack down on them. So what do you do when these techniques become obsolete? Today I present to you: Cryptoconning! (As in cryptocurrency and con). So what is cryptoconning you may ask? Well it's a quick way to make a lot of bitcoins without them being traced back to you. I have only seen this technique used once and it *almost* got me, and I usually have a good eye for scams and the like. Cryptoconning is very easy to set up, even more so than e-whoring, as it requires no external downloads apart from a social media app/IM and a cryptowallet, although most people already have these anyway (and if you don't have a wallet set up you probably shouldn't be doing this scam anyway lol).
Alright so let me explain the general idea of this scam. It relies on some small mind tricks. You know how online games always have some kind of in game currency, or a premium currency? Well the reason they work so well is because it breaks the association between money-product and adds a barrier between them (money-currency-product). Would you rather spend 5 dollars on a cosmetic item for your character, or spend 6 dollars on 600 gems, then spend 500 of them on the item and have 100 left over to spend on other purchases. Pretty self-explanatory.
So now that we have the basis of the scam out of the way, let me show you how this is gonna work. You're going to offer someone 0.06 btc if they pay you 0.006 btc. Yeah, that's it. Well sort of, let me explain further. For those of you aren't into cryptocurrency, 0.006 btc is roughly 40 dollars as of right now, and 0.06 is 400. Now you are probably thinking I'm crazy, that people would actually fall for this type of scam, but it actually works. Going back to the mind trick idea, what do you think sounds less sketchier: "hey bro i can turn 40 dollars into 400 rn just paypal me the money" or "hey bro i can turn 0.006 btc into 0.06 rn just send the btc to my address". Mathematically, the difference between 0.06 and 0.006 sounds much smaller than 40 and 400 to us, even to those who understand cryptocurrencies, that's how this scam works. So you get your victim, give them this offer (change the prices if you want), hope they go through with it and boom, free 40 dollars. That easy.
So now that you get the gist of it, I'll write a more in depth instruction guide below, starting with a checklist for what you'll need to pull off this devious scam:
- Some kind of social media app/instant messaging app. It's better to use the more popular ones, such as Instagram and Snapchat, but you can use Kik or Skype (who?) if you want.
- Fake profile. Doesn't need to be in depth like with e-whoring, just make a simple page for your bitcoin entrepreneur with a fake name, PFP etc. Your profile doesn't even need a real person, you can go for the good old Xx_bitcoinguy69_xX if you want.
- YouTube account. You'll need this to "vouch" for yourself. You can just use your main if you want or make a quick Google account as this one doesn't even need any content.
- Crytowallet. There are plenty of good wallets out there. I use Blockchain on my phone for easy access, and it requires no ID verification.
Aaaand that's all. No extra downloads required, no "[FREE] [2019] Cryptoconning pack | Over 1200 bitcoins included!!!!!" needed!
So now that everything is set up let's get to work. The first thing you are gonna want to do is promote yourself. *Don't* promote yourself as yourself, that's just stupid. That's why we use your YouTube account to vouch for yourself in the comments of bitcoin videos. Now you may be asking, what type of video should I be looking for? And the answer is any. Really, just type bitcoin in the search box and sort by upload date. For the best results however, I would look for videos titled "how to get free bitcoins" and the like, as the type of people who will be watching those videos will be pretty desperate for money. In the comments just type something along the lines of "this is a good technique but my friend has access to a crazy mining rig. he can get you 0.06 btc in a few days message him on [social media] his name is [username].". If you want to increase your percieved authenticity, try and relate your comment to the video in some way. Yes this is more time consuming but it makes you stand out from all the bots in the comments. For example, instead of leaving the comment previously mentioned, start it like "this app is pretty cool i got 0.0002 btc in a few days. will definitely take some time but my friend already started me off etc etc etc.".
Now your first victims have begun messaging you, what next? Well the next part is similar to e-whoring, so if you are experienced in that this will be a breeze. The less questions they ask, the better. This is also a good way of seeing how desperate they are, so if you feel like you can take advantage of someone, increase the prices and the "profit". Just don't go too high, and keep the difference between the price and profit low. If they start asking questions just bullshit your way through them. "Where does the money come from?" "I have access to a mining rig in Texas", "How can you get it so fast?" "We have over 350 mining rigs, with Radeon RX 460s", "How do you make a profit out of this?" "It's not my mining rig", etc etc. When they finally ask for the money, that's when you tell them about the fee. You need a good reason for this, and by far the best one is to say that you need the money to pay for the mining rig's services. This one works like a charm. So by now you should have been able to see what kind of person they are. Friendly? Go semi high with the price and if they hesitate offer to lower it a bit. Straight forward? Go somewhere in the middle-high. Asks lots of questions? Go middle and offer to lower it a bit just for them. When you've finally got them on board all you need to do is give them your wallet address and they will send the bitcoins over. Sometimes this can take a few hours or sometimes it goes through immediately, but you should recieve it the same day. And just like that, you've made yourself a quick 30-80 dollars!
Now you don't your victim to get suspicious right away, so if the transaction hasn't gone through, tell them that it hasn't, and that you will get back to them as soon as it has. If you get it immediately, say "thanks got it" and that you've started the mining rig and it will take a couple days (be specific, don't just say "a few days", say "about 74 hours") and bid your farewell to them. At this point you can just block them but if you don't risk getting reported and your account taken down you can take it further. There's a chance that your victim will ask for progress on your mining so just give them a fake amount of bitcoins according to how long it's been since you "started it". So if you said it will take 74 hours and it's been 2 days since you scammed them, say you have mined 0.0454379 btc out of the 0.06 you agreed on. After the time period is finished come up with some excuse such as you're not allowed to use the mining rig anymore, or the owners took the bitcoins. Say you're sorry and that you returned the bitcoins they sent you and that it will probably take a few hours to send. You can even fake a screenshot of the confirmed transaction if you want, just in case they ask for proof, but at this point it's safe enough to block them.
And that's how you make 100s of dollars in bitcoins per day, completely anonymous, less hassle than other methods and less risk involved! I hope you found this useful because it took me forever to write this. Below I made a pros and cons list for a quick summary. Happy scamming! :)
Pros of cryptoconning:
- Completely anonymous, can't be traced back to you, especially if you launder it through Monero
- No downloads needed (except wallet and social media, but if you're on this sub you should probably already have those!)
- Faster than other methods, both setting up and actually executing; victims are more straight forward and willing to pay
- No need to maintain relationships with victims (also a con)
- Less risk than other money making methods (DNA is being cracked down on)
- Doesn't take up your time unlike e-whoring
- Less saturated than e-whoring
Cons of cryptoconning:
- Requires you to trade bitcoins for IRL currencies if you want to move it to PayPal/bank accounts
- Requires more promotion than other methods, can't just stick a profile on kikfriender.com and let it do it's thing lol
- Victims are one time use, unlike e-whoring
- Bigger risk of account being banned
submitted by Csharpflat5 to IllegalLifeProTips [link] [comments]

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I don't think PayPal's experiment with Bitcoin is really much about Bitcoin at all. I think this is a step towards the transactional environments of the future where private digital tokens compete ... The semi-anonymous and decentralized nature of many cryptocurrencies has meant that authorities fear that certain platforms could be used for money laundering. For example, as early as April 2012 the FBI indicated that the lack of regulation could mean that Bitcoin could be used for illegal activities by criminals, especially when offshore exchanges were available. The main reasons for bitcoin as a money-laundering platform are its relative anonymity and lack of regulation. Cryptocurrency exchanges keep limited information on their clients, making it significantly easier for clients to perform their illegal activities undetected and untraced. Transactions can be hidden in a number of ways, creating hurdles for those trying to trace them. Bitcoin mixers ... How does Bitcoin Money Laundering work? Posted on by Toshendra Kumar Sharma. Despite the dozens of benefits that Bitcoins and the Blockchain Technology have to offer compared to the traditional banking system, there is a risk that Bitcoins can be used for money laundering. This is because Bitcoins are not linked to a person’s identity and only depend on the private key connected to the ... Chanticleer. PayPal's big Bitcoin endorsement. A cryptocurrency once condemned for its use in cyber fraud, money laundering, terrorism financing and ransom demands is suddenly being embraced by ...

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Money laundering fears for virtual currency Bitcoin BBC News

The digital currency Bitcoin has been making headlines this week after a huge increase in value, but ministers are to introduce tighter regulations on the vi... bitcoin laundering, bitcoin news, bitcoin neteller, bitcoin network, bitcoin news today, bitcoin vs political power, bitcoin vice, bitcoin video, bitcoin value predictions, bitcoin vs silver ... This video is unavailable. Watch Queue Queue. Watch Queue Queue No one really seems to report on how gift cards are being used by crime organizations to launder large sums of money. The information in this video was taken... BitCoin Scripts Bitsler, bitsler script, bitsler win, bitcion, bitcoin network, blockchain, dice, free btc, bitsler bot, bot, script, official bitcoin

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