- cypherpunks - lists.cpunks.org

Fwd: [bitcoin-dev] Pull-req to remove the arbitrary limits on OP_Return outputs
by Undescribed Horrific Abuse, One Victim & Survivor of Many 09 Aug '23

09 Aug '23

---------- Forwarded message ---------- From: Peter Todd via bitcoin-dev <bitcoin-dev(a)lists.linuxfoundation.org> Date: Thu, 3 Aug 2023 11:42:40 +0000 Subject: [bitcoin-dev] Pull-req to remove the arbitrary limits on OP_Return outputs To: bitcoin-dev(a)lists.linuxfoundation.org https://github.com/bitcoin/bitcoin/pull/28130 Sjors Provoost suggested that I email this mailing list as notice of my intent to get a pull-req merged that would remove the arbitrary 80-byte, 1 output / tx, standardness restrictions on OP_Return outputs. His rationale was that removing these standardness restrictions could potentially open up additional transaction pinning(1) vectors. Since this is a potential problem with any relaxation of standardness rules, I don't consider this to be an important concern. But consider this email your notice. At least some miners appear to be mining non-bitcoin-core-standard transactions. So with respect to the hash power of those miners these pinning vectors may in fact exist already. # References 1) https://bitcoinops.org/en/topics/transaction-pinning/ -- https://petertodd.org 'peter'[:-1]@petertodd.org

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Cryptocurrency: PayPal PYUSD Stable and WorldCoin Are All Shit CBDC And Must Be Destroyed
by grarpamp 09 Aug '23

09 Aug '23

Paypal's new stablecoin has the ability to pause all transfers, freeze addresses to prevent actions and also burn the tokens in the frozen addresses by mbdtf95 Here is where you can freely read the whole source code of Paypal's new stablecoin which is named Paypal USD with ticker (symbol) PYUSD: https://etherscan.deth.net/address/0xe17b8adf8e46b15f3f9ab4bb9e3b6e31db0912… Well everything is transparent and some of the more interesting parts are parts where it can clearly freeze and unfreeze people's accounts. Supply is centrally controlled of course via a Supplycontroller, and probably the biggest thing is that it can freeze accounts and then burn the frozen account's coins. If we get CBDCs you can expect this kind of function in them. Here is that ''interesting'' part of the code which states some of these things if you don't want to look at whole source code: https://i.redd.it/xghg9rt2ergb1.png [–]seb7mad 332 points333 points334 points 1 day ago (125 children) Keep in mind that USDC and USDT can do the exact same things permalink embed save report give award reply [–]Kindly-Wolf6919 305 points306 points307 points 1 day ago (48 children) I'm pretty sure that at least 50% of the people around here do not keep that in mind. permalink embed save parent report give award reply [–]kthebakermanSend moons 56 points57 points58 points 1 day ago (32 children) And at least 50% of that 50% don’t even know what those stablecoins are permalink embed save parent report give award reply [–]conceiv3d-in-lib3rty 16 points17 points18 points 1 day ago (25 children) They’ve heard of them of course, but I think it’s safe to say the majority of people here do not participate in DeFi. permalink embed save parent report give award reply [–]SimbaTheWeaselBronze | QC: ALGO 18 13 points14 points15 points 1 day ago (24 children) Yeah, most aren’t going to want to stress themselves out trying to navigate DeFi permalink embed save parent report give award reply [–]Easy-Medicine-8610Tin 8 points9 points10 points 1 day ago* (7 children) I've navigated this quantum realm you call DeFi. I was a new man when I got out, trying all of the new tools and tricks. I was a poorer man, but new none the less. permalink embed save parent report give award reply [–]Katamari_420Tin | r/WSB 20 2 points3 points4 points 21 hours ago (5 children) What would you recommend someone start with if they wanted to give it a try permalink embed save parent report give award reply [–]Easy-Medicine-8610Tin 1 point2 points3 points 16 hours ago (2 children) I was going through the high yield liquidity pools. It was actually fun to do and it helped me understand a lot but I lost big time. permalink embed save parent report give award reply [–]Katamari_420Tin | r/WSB 20 1 point2 points3 points 3 hours ago (1 child) That’s good to know thanks, I’ve wanted to try to contribute a tiny amount to an lp but my understanding is that you’d need the rewards to outpace your impermanent loss which seems less likely than just holding for the long term unless things happen to work out favorably and I’m not sure how to identify those opportunities permalink embed save parent report give award reply [–]Easy-Medicine-8610Tin 0 points1 point2 points 1 hour ago (0 children) Yeah dont do it for anything except moons! permalink embed save parent report give award reply [–]bleakjHe who buys the highest 1 point2 points3 points 14 hours ago (1 child) Probably to not do it in general, Unless you have a lot of spare time, and better than average luck permalink embed save parent report give award reply [–]Katamari_420Tin | r/WSB 20 0 points1 point2 points 3 hours ago (0 children) That’s sounds like what I had assumed, I appreciate the answer though it’s good to hear from someone that’s familiar permalink embed save parent report give award reply [–]Orangensaft007Tin 1 point2 points3 points 18 hours ago (0 children) You got our?! I am still stuck down here!! permalink embed save parent report give award reply [–]legionticket 1 point2 points3 points 1 day ago (7 children) I know what defi is but I find it hard to even understand permalink embed save parent report give award reply [–]conceiv3d-in-lib3rty 2 points3 points4 points 1 day ago (5 children) Not saying defi doesn’t have its issues becuz it damn sure does, but it’s like all things in life, you need to put the effort into learning it. There’s soo much money to be made in defi, yet most people take the easy way out and think they’re going to make money selling memecoins faster than the next guy. permalink embed save parent report give award reply [–]legionticket 0 points1 point2 points 22 hours ago (0 children) Wow thanks.... I'll have to check it out then. You got any YouTube acct that you know goes straight to point on how DEFI works. Heard of it but I don't have any ideas how it even works. Thank you permalink embed save parent report give award reply [–]Katamari_420Tin | r/WSB 20 0 points1 point2 points 21 hours ago (3 children) Do you mean like providing to liquidity pools or staking? What would you recommend someone look into if they wanted to make money in defi permalink embed save parent report give award reply [–]conceiv3d-in-lib3rty 1 point2 points3 points 19 hours ago (2 children) If you’re not on twitter, you need to be there and active. People in this space who are not on crypto twitter are at a disadvantage, unless you’re just holding bitcoin or something. I do a bit of everything, most of it is based on trading. Right now i’m utilizing flashloans for arbitrage plays. I have a bot that takes a flashloan and performs a double swap between Uniswap V3 and Sushiswap. I also use Unibot-X (fucking amazing, but hasn’t released to public). The mirror sniper (copytrade) allows you to mirror snipes and frontrun buys of chad traders and wallets of interest i’ve been following. I also have positions in several lending protocols (aave, compound) and several positions elsewhere providing liquidity/staking. permalink embed save parent report give award reply [–]Katamari_420Tin | r/WSB 20 0 points1 point2 points 3 hours ago (1 child) Awesome thanks for the detailed response I’m not on Twitter but have heard that a lot of news drops there first so I think I’ll deff get started there, I appreciate the help thanks dude permalink embed save parent report give award reply continue this thread [–]SlowpokesEmporium1 - 2 years account age. 100 - 200 comment karma. 1 point2 points3 points 18 hours ago (0 children) I'm a similar spot, I'm learning alot but it can be very overwhelming permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2 points3 points 1 day ago (3 children) Most people will embrace them just because of convinience permalink embed save parent report give award reply [–]kirtash93The Ash Ketchum of Crypto | Gotta Catch 'Em All 3 points4 points5 points 1 day ago (1 child) Indeed. PayPal has already the base and infrastructure worldwide so if they decide to add it, people will use it without thinking twice. permalink embed save parent report give award reply [–]alinungur2 - 3 years account age. -25 - 25 comment karma. 1 point2 points3 points 21 hours ago (0 children) And them using it will drive crypto adoption! permalink embed save parent report give award reply [–]Squirrel_McNutzBronze | 2 months old | QC: CC 19 0 points1 point2 points 1 day ago (0 children) You mean conevenience? Nice cone Lilica, glad to have another legend! permalink embed save parent report give award reply [–]Every_Hunt_160Platinum | QC: CC 672 | r/SSB 10 0 points1 point2 points 1 day ago (0 children) I think more people here engage with SpaceFi with Moons than DeFi permalink embed save parent report give award reply [–]Pristine_Spinach8718Stargazing 0 points1 point2 points 1 day ago* (1 child) I don’t fully blame them, DeFi should be a bit more user-friendly. permalink embed save parent report give award reply [–]Beechbone22Platinum | QC: CC 203 | r/CMS 6 -1 points0 points1 point 1 day ago (0 children) The UX is a tax on the lazy and the stupid. permalink embed save parent report give award reply [–]ripple_mcgeePlatinum | QC: CC 44 | CRO 19 | ExchSubs 19 0 points1 point2 points 16 hours ago (0 children) The smart contract OP is looking at isn't even the real PYUSD...it's a scam that's already been rugged. permalink embed save parent report give award reply [–]Oldz88RzTin 2 points3 points4 points 1 day ago (1 child) Oh no it’s Scott Steiner Math time. https://youtu.be/3G07NZs2v18 permalink embed save parent report give award reply [–]Every_Hunt_160Platinum | QC: CC 672 | r/SSB 10 2 points3 points4 points 1 day ago (0 children) FIRST, you add 25% of the dumb apes who don't understand USDT, and another 25% who don't understand USDC THEN, You add the 50% and 50% and your chances of understanding Paypal's stablecoin DRASTICALLY GO DOWN! You see cc/sub, y'all Apes have a 101% chance of not understanding Paypal's stablecoin! Because I'm a genetic freak, and I only shoot Moons baby! permalink embed save parent report give award reply [–]Complex-Ad2035Platinum | QC: CC 299, DOGE 55 0 points1 point2 points 1 day ago (0 children) 50% is a very generous number permalink embed save parent report give award reply [–]UncleFatty_Tin 0 points1 point2 points 1 day ago (0 children) The real miracle in crypto is UsdT still being around. permalink embed save parent report give award reply [–]nombresinhombrePlatinum | QC: CC 87 | ADA 22 0 points1 point2 points 1 day ago (0 children) 90% permalink embed save parent report give award reply [–]QuartzPuffyStarTin | Privacy 10 0 points1 point2 points 14 hours ago (0 children) I'm at least 50% and can confirm this. permalink embed save parent report give award reply [–]Pr0MeisterTin 5 points6 points7 points 1 day ago (4 children) That is a very optimistic percentage, my good sir/madam. permalink embed save parent report give award reply [–]meeleen223Moons = Magic Internet Money Vol. 2 5 points6 points7 points 1 day ago (1 child) Try 90% and we can debate permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2 points3 points 1 day ago (0 children) 90% still doesn't look enough permalink embed save parent report give award reply [–]DrakoolyaBronze | QC: CC 16 | SysAdmin 31 0 points1 point2 points 1 day ago (1 child) *Tips Fedora permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1 point2 points 1 day ago (0 children) *1500 moons fall out from under the fedora scattering like Sonic the Hedgehog rings. permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 1 point2 points3 points 1 day ago (0 children) Narrator: "They didn't." permalink embed save parent report give award reply [–]nmolanogPlatinum | QC: ETH 18 | MiningSubs 30 0 points1 point2 points 1 day ago (0 children) I was one of the until now. permalink embed save parent report give award reply [–]ohioYax 0 points1 point2 points 1 day ago (0 children) I don't think people understand the difference between decentralized and centralized. They assume crypto rails implies decentralization and it doesn't, and shouldn't. It's fine if there are centralized projects on crypto. There will be so many if we get adoption. permalink embed save parent report give award reply [–]chuloredditPlatinum | QC: CC 126 | BANANO 10 0 points1 point2 points 1 day ago (0 children) The other 60% don't have a mind permalink embed save parent report give award reply [–]IrishDicedPlatinum | QC: CC 31 | SHIB 24 | r/WSB 11 0 points1 point2 points 1 day ago (0 children) I heard 50% statistics are completely wrong 🤔 permalink embed save parent report give award reply [–]CCNightcoreBronze | Science 11 0 points1 point2 points 1 day ago (0 children) I'll admit it. I had no idea usdt and usdc could do that. permalink embed save parent report give award reply [–]Resident-Coyote9339Tin | CC critic 0 points1 point2 points 1 day ago (0 children) I didn’t even know. Thanks for the information. permalink embed save parent report give award reply [–]staffellSilver | QC: CC 122 | r/CMS 16 | Politics 12 0 points1 point2 points 16 hours ago (0 children) To keep it in mind would suggest they knew it in the first place... permalink embed save parent report give award reply [–]bleakjHe who buys the highest 0 points1 point2 points 14 hours ago (0 children) I don't even have 50% of a mind permalink embed save parent report give award reply [–]CONSOLE_LOAD_LETTERPlatinum | QC: CC 562 44 points45 points46 points 1 day ago (14 children) Here is proof. USDT: 918 banned addresses USDC: 174 banned addresses Saying that though, PayPal has a truly terrible track record and reputation with respect to freezing/banning accounts for arbitrary reasons and also often mistakenly. So while people should be aware USDT and USDC are not completely trustless, they should also be aware that PayPal is probably going to be utilizing their controls much more often. permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 20 points21 points22 points 1 day ago (11 children) PayPal is such a shitty company with shitty policies overall. permalink embed save parent report give award reply [–]telechefTin 4 points5 points6 points 1 day ago (1 child) I wouldn't even trust them with my fiat. Staying well clear of this one. permalink embed save parent report give award reply [–]Squirrel_McNutzBronze | 2 months old | QC: CC 19 2 points3 points4 points 1 day ago (0 children) Same here - PayPal can be pretty damn shady. Also the fees are fucked permalink embed save parent report give award reply [–]CONSOLE_LOAD_LETTERPlatinum | QC: CC 562 3 points4 points5 points 1 day ago (6 children) For real. Actually, dealing with PayPal headaches is one of the reasons why I started looking into crypto in the first place many years back. permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 2 points3 points4 points 1 day ago (0 children) head on, apply directly to the forehead. permalink embed save parent report give award reply [–]lordofming-risesSilver | QC: CC 468 | CRO 70 | Superstonk 237 1 point2 points3 points 1 day ago (0 children) Circle is full now... permalink embed save parent report give award reply [–]lotofpic 2 points3 points4 points 1 day ago (2 children) I have been using Paypal for many years and never had a problem so far! permalink embed save parent report give award reply [–]james2020chrisTin | Politics 89 1 point2 points3 points 19 hours ago (1 child) Just wait until you have a problem, and find out how impossible it is to get it fixed. permalink embed save parent report give award reply [–]Fantastic_Foot_8568Tin 0 points1 point2 points 13 hours ago (0 children) I had some bitch try reverse a payment 11 months after she clearly received the brand new iPhone 14 pro still sealed in plastic, money had been sitting in my account since when got notification my account was froze. Contacted PayPal directly, as bad as I wanted to confront the con artist. Think it took 2 days before account was unfroze and funds available again and never had to interact with that POS tryna get a brand new iPhone free on my tab. Was slightly worried since had good amount in savings earning 4.3%apy but took correct steps and PayPal was on top of it. permalink embed save parent report give award reply [–]Every_Hunt_160Platinum | QC: CC 672 | r/SSB 10 0 points1 point2 points 1 day ago (0 children) Now it comes full circle with PayPal trying to take over the crypto space lmao permalink embed save parent report give award reply [–]Maximum_Sign2804 1 point2 points3 points 1 day ago (0 children) Totally agree on that! permalink embed save parent report give award reply [–]RayesFrostTin 1 point2 points3 points 1 day ago (0 children) Luckily I don’t use PayPal for anything. FUCK PAYPAL permalink embed save parent report give award reply [–]visual_overflowTin 0 points1 point2 points 1 day ago (0 children) TIL. Also wow this dude had $20M frozen https://etherscan.io/tx/0x2675aaf5db84f9f966c431ff82f2173d3251020b11b4939b4… That scammer must be furious lmao permalink embed save parent report give award reply [–]DeeyennayPlatinum | QC: CC 670 15 points16 points17 points 1 day ago (3 children) They have to for regulatory purposes. No government is going to be OK with a completely trustless decentralized currency. permalink embed save parent report give award reply [–]nmolanogPlatinum | QC: ETH 18 | MiningSubs 30 9 points10 points11 points 1 day ago (2 children) El Salvador wants a word with you permalink embed save parent report give award reply [–]Mothrahlurker 0 points1 point2 points 21 hours ago (0 children) El Salvador has a lot of control through their Chivo wallet which they want everyone to use. permalink embed save parent report give award reply [–]corn-potageBronze | 5 months old 0 points1 point2 points 5 hours ago (0 children) They're using custodial, KYC Lightning Network service for Bitcoin, because non-custodial LN has horrible UX. Strike? Also custodial and KYCd. permalink embed save parent report give award reply [–]Disastrous_Cobbler13 4 points5 points6 points 1 day ago (9 children) Are there any stablecoins that cannot? permalink embed save parent report give award reply [–]HoldOnDearLifeSilver | QC: BTC 18 | ADA 58 | Politics 10 1 point2 points3 points 1 day ago (2 children) iUSD and Djed come to mind. permalink embed save parent report give award reply [–]kogmaaBronze | QC: CC 18 | ADA 298 1 point2 points3 points 1 day ago (0 children) Yup. Not much liquidity yet unfortunately. They’d deserve more love. On the other hand this clearly shows how also algorithmic stable coins can cope with such circumstances. Since the Luna debacle they don’t have the best reputation in this sub, but that only showed the logic flaws for that one stable. The design of DJED is based on the older SigmaUSD of Ergo and that in turn has been around quite a while and proved to be stable even in extreme conditions. So there’s a point for trustless, algorithmic stables, though they are not without their own issues. For example the backing coin of DJED doesn’t seem to quite have the right risk/reward ratio yet; it’s also tied to issuer Coti for minting. Anyway I’d like to see such projects evolve and thrive, rather than some centralized company coin as heartening as that may be as far as adoption is concerned. Edit: typos, additional info permalink embed save parent report give award reply [–]Beechbone22Platinum | QC: CC 203 | r/CMS 6 0 points1 point2 points 1 day ago (0 children) Really, those are the stables you think of? Not for example DAI, FRAX or LUSD? permalink embed save parent report give award reply [+][deleted] 1 day ago (3 children) [deleted] [–]DMCarter_Platinum | QC: CC 39 1 point2 points3 points 1 day ago (0 children) DAI itself can't, but some of its reserves can since its reserves have USDC. permalink embed save report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1 point2 points 1 day ago (0 children) I thought dai all can permalink embed save report give award reply [–]jekpopulous2Silver | QC: CC 49, SOL 22, ETH 38 | NANO 19 | TraderSubs 18 1 point2 points3 points 1 day ago (0 children) Most CDPs (DAI, MIM, crvUSD, etc…) use non-upgradable contracts and the tokens can’t be frozen. permalink embed save parent report give award reply [–]GBR2021Bronze | QC: CC 24 1 point2 points3 points 23 hours ago (0 children) DAI and FRAX permalink embed save parent report give award reply [–]marsangelo 6 points7 points8 points 1 day ago (7 children) Yeah i saw this too. Unfortunately commonly used code between stablecoins permalink embed save parent report give award reply [–]Honeynel 8 points9 points10 points 1 day ago (5 children) And CBDCs will be much, much worse. permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 3 points4 points5 points 1 day ago (4 children) And sadly most people have literally no idea how bad they will be. permalink embed save parent report give award reply [–]CryptizardAcademic Cryptographer 0 points1 point2 points 1 day ago (3 children) ...because they don't exist yet. permalink embed save parent report give award reply [–]NateNate60Platinum | QC: BTC 21 | LegalAdvice 206 0 points1 point2 points 16 hours ago (2 children) This is not correct. I'm currently in China and I already saw some posters advertising the Digital Yuan stuck around Shenzhen. permalink embed save parent report give award reply [–]CryptizardAcademic Cryptographer 0 points1 point2 points 15 hours ago (1 child) There doesn't seem to be any technical information, in English at least, about how it works. Curious to know if it is as bad as people expected. permalink embed save parent report give award reply [–]NateNate60Platinum | QC: BTC 21 | LegalAdvice 206 0 points1 point2 points 4 hours ago (0 children) It's basically a Government-run PayPal. People already widely use mobile payment in China so it is really nothing special. The Government can already order payment processors to deliver customer data on demand and suspend accounts so this new system is viewed as an improvement by most Chinese people because it's just the same as what they have now, but Government-run. Technology-wise, it is nothing terribly sophisticated. You scan a QR code to pay, others scan your QR code to pay you. It is a centralised system. permalink embed save parent report give award reply [–]ripple_mcgeePlatinum | QC: CC 44 | CRO 19 | ExchSubs 19 0 points1 point2 points 1 day ago (0 children) Link to contract OP posted is a scam and code is common for scam tokens...unless 3,000,000 PYUSD is currently worth 0.06 ETH, it's a scam token and anyone buying is or has already been rugged. Example trade on uniswap https://etherscan.io/tx/0xbd0f1d6f4f9cc79e9ab788a6a1b210acf2d6f54bba0c218a9… permalink embed save parent report give award reply [–]Reeferologist-Tin 2 points3 points4 points 1 day ago (2 children) Wasn’t Tether involved in some pretty shady shit a couple of years ago? I can’t remember exactly what it was, but made a mental note to stay away from USDT. permalink embed save parent report give award reply [–]CleynnTin 3 points4 points5 points 1 day ago (0 children) They print billions out of thin air periodically, then go with the good ol'trust me we have backing funds for every penny. permalink embed save parent report give award reply [–]wayfarer8888Tin 0 points1 point2 points 18 hours ago (0 children) Their financial audits were not trustworthy and they issued debt from affiliates, basically lending to themselves. In a high interest environment a stable coin issuer should be doing very well because the dollars they hold return 4-5%, which more than covers any costs. It should be an extremely lucrative business: you issue 1 USD coin which gets swapped for some other crypto which could make you money (lending, farming, increase in value), but still hold the underlying 1 US$ which bears interest for you. Technically you still control the Fiat and USDT, USDC etc. are only IOUs. It's brilliant. permalink embed save parent report give award reply [–]BearishVsBullish 4 points5 points6 points 1 day ago (3 children) Amongst the reasons why I stay as far away from them as I can permalink embed save parent report give award reply [–]swap_catz 5 points6 points7 points 1 day ago (2 children) Ohm. Rai. Nuon. Lots of flex tokens that are not bank deposit wrapper coins. The problem is crypto people don't want that. They want a lottery ticket and riches in fiat. permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 2 points3 points4 points 1 day ago (0 children) True, and it is fair to say most of us joined crypto with this exact mentality permalink embed save parent report give award reply [–]BearishVsBullish 0 points1 point2 points 23 hours ago (0 children) I stick to the basic chains and mcaps, can you clarify what you meant by flex tokens? permalink embed save parent report give award reply [–]kingh242Tin 1 point2 points3 points 1 day ago (0 children) I was hoping this comment would float to the top. permalink embed save parent report give award reply [–]GBR2021Bronze | QC: CC 24 1 point2 points3 points 23 hours ago (0 children) No worries, redditors surely know about trustless stables such as DAI and FRAX, right? Right? permalink embed save parent report give award reply [–]fiscallyCompete 1 point2 points3 points 22 hours ago (0 children) Yeah these are the best ever. permalink embed save parent report give award reply [–]BaecchusPlatinum | QC: CC 541 | r/WSB 11 3 points4 points5 points 1 day ago (0 children) Yeah we don't need to go looking for PayPal. Two biggest stablecoins are just as bad. permalink embed save parent report give award reply [–]pb__ 2 points3 points4 points 1 day ago (0 children) Not only can, but do. permalink embed save parent report give award reply [–]BrainTotalitarianism 0 points1 point2 points 1 day ago (0 children) Good to know, can Atom do the same? permalink embed save parent report give award reply [–]Odysseus_Lannister 0 points1 point2 points 1 day ago (0 children) Big oof permalink embed save parent report give award reply [–]Transgroomers99 -1 points0 points1 point 1 day ago (0 children) They can freeze accounts but they cannot burn the coins in them. permalink embed save parent report give award reply [–]Gr8WallofChinatownTin | Economics 11 -1 points0 points1 point 18 hours ago (1 child) And ethereum permalink embed save parent report give award reply [–]seb7mad -1 points0 points1 point 18 hours ago (0 children) That’s not true. ERC-20s can do that because they’re smart contracts that can have said functionality coded in. ETH is the native token of Ethereum and most L2s, and is not programmable permalink embed save parent report give award reply [–]HoldOnDearLifeSilver | QC: BTC 18 | ADA 58 | Politics 10 -2 points-1 points0 points 1 day ago (1 child) Oh really? You got a source on that? I did not know that and I don't want to trust a random redditor. permalink embed save parent report give award reply [–]Jesta23Tin | r/WSB 43 0 points1 point2 points 1 day ago (0 children) He literally gave you a link to the code. permalink embed save parent report give award reply [–]-chaotic_randomness- 0 points1 point2 points 1 day ago (0 children) Now that I know I will keep in mind. Thanks for the advice! permalink embed save parent report give award reply [–]WiseSilverWolfTin | CRO 27 | ExchSubs 27 0 points1 point2 points 1 day ago (0 children) Keep in mind that USDC and USDT can do the exact same things Not on all blockchains though, I tried to get Tether to recover some funds for me on KCC the other day and they told me they couldn't because they don't issue USDT on KCC. permalink embed save parent report give award reply [–]cyberfugue 0 points1 point2 points 1 day ago (0 children) I admit that I didn’t realize that. Definitely something that everyone needs to keep in mind. permalink embed save parent report give award reply [–]WargizmoPlatinum | QC: CC 1529 | x1x1 0 points1 point2 points 1 day ago (0 children) As can PayPal with your fiat already permalink embed save parent report give award reply [–]DrShakezGold | QC: CC 30 0 points1 point2 points 1 day ago (0 children) Good point, but that just makes me hate all of them. permalink embed save parent report give award reply [–]borg_6s 0 points1 point2 points 1 day ago (0 children) So this is basically ShitUSD(TM) permalink embed save parent report give award reply [–]dankeykang4200 0 points1 point2 points 1 day ago (0 children) People still gonna fuck with it though cuz they don't know better permalink embed save parent report give award reply [–]Real-Technician831Tin | 5 months old 0 points1 point2 points 1 day ago (0 children) Yeah, but this is PayPal, they are known to be very unfair and basically impose to appeal to. Stealing from customers is a profit item for them. permalink embed save parent report give award reply [–]Flying_KoeksisterCrypto Enthusiast | x3 x1x1 0 points1 point2 points 1 day ago (0 children) After enough hacks I think people might even want this one day. Of course it does go against the spirit of decentralisation and trustlessness permalink embed save parent report give award reply [–]AraneckTin 0 points1 point2 points 1 day ago (0 children) A trully decentralized stable coin permalink embed save parent report give award reply [–]To_The_M000NTin 0 points1 point2 points 1 day ago (0 children) I had no idea they could do this. Does most of the stable coins have the same functions? As in freezing and burning tokens permalink embed save parent report give award reply [–]beyourownsunshineGuess I’ll just stick to BTC 0 points1 point2 points 23 hours ago (0 children) This is the kind of information people should include in the OP. permalink embed save parent report give award reply [–]K4kkaTin 0 points1 point2 points 21 hours ago (0 children) thank you good sir. i just came here to say the same. and now i am gone again till there is a small rally permalink embed save parent report give award reply [–]dirpydipBronze 0 points1 point2 points 19 hours ago (0 children) Hate to see more centralized stable coins making their way into this space... permalink embed save parent report give award reply [–]FalloutAssasin 0 points1 point2 points 16 hours ago (0 children) The compliant version of crypto. I guess it's a necessary evil for real mass adoption 😔 permalink embed save parent report give award reply [–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children) Yea thats right permalink embed save parent report give award reply [–]Agile_Ad_7061 0 points1 point2 points 11 hours ago (0 children) Exactly🙂 permalink embed save parent report give award reply [–]Ur_mothers_keeper 0 points1 point2 points 11 hours ago (0 children) Dude why would anyone use anything other than DAI. permalink embed save parent report give award reply [–]xxXTECHxx 0 points1 point2 points 9 hours ago (0 children) Yes. But the little actual difference is they're not known to froze and delete axcourns they don't like. At least. permalink embed save parent report give award reply [–]ominous_anenomeccmoons dev 81 points82 points83 points 1 day ago (17 children) Given PayPal’s ability to freeze your fiat funds, I don’t see why anyone would expect them to be different with their own crypto “Adoption” at the price of centralization I guess permalink embed save report give award reply [–]Kindly-Wolf6919 23 points24 points25 points 1 day ago (4 children) Funds are SAFU until it's not. permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 7 points8 points9 points 1 day ago (1 child) It is as if PayPal was launching their own CBDC permalink embed save parent report give award reply [–]Squirrel_McNutzBronze | 2 months old | QC: CC 19 1 point2 points3 points 1 day ago (0 children) They’re probably hoping to become that tbh permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 2 points3 points4 points 1 day ago (0 children) SAFU is a little to close to Snafu for me when it comes to freezing funds permalink embed save parent report give award reply [–]darwinlovestreesMay your gains be sick and your Lambo be soon 0 points1 point2 points 10 hours ago (0 children) SafePal to the moon! 🚀🚀🚀 permalink embed save parent report give award reply [–]forceworksTin 9 points10 points11 points 1 day ago (1 child) Trust and PayPal are not words that go together permalink embed save parent report give award reply [–]deathbyfish13Free Range Moon Farmer 2 points3 points4 points 1 day ago (0 children) They're basically an oxymoron permalink embed save parent report give award reply [–]zenhodl 4 points5 points6 points 1 day ago (0 children) I want adoption but I'd rather stay in the foster home over going with PayPal permalink embed save parent report give award reply [–]ASingleGuitarString 1 point2 points3 points 1 day ago (0 children) There is no other way that crypto can be mass adopted. Even now a lot of crypto is centralized. permalink embed save parent report give award reply [–]Pr0MeisterTin 0 points1 point2 points 1 day ago (0 children) It was always going to be like that. Widespread adoption means large, established entities offering crypto services, and they are unlikely to offer fully decentralized options. permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1 point2 points 1 day ago (0 children) PayPal: "pull over, that ass is too fiat" permalink embed save parent report give award reply [–]Slippytoe[🍰] 0 points1 point2 points 1 day ago (0 children) It makes it easier for entry to the game I suppose. I suspect most will educate themselves and move on to a more decentralised holding shortly after. permalink embed save parent report give award reply [–]dirpydipBronze 0 points1 point2 points 19 hours ago (0 children) I rather the slow and steady adoption without all of these centralized corrupt approaches permalink embed save parent report give award reply [–]paulosdubSilver | QC: CC 127, BTC 52, CM 36 | ADA 35 | TraderSubs 36 0 points1 point2 points 18 hours ago (0 children) 100% this. I can’t think of any possible reason i’d want to leave my money on a crypto controlled by paypal. Staking rewards maybe? Who knows. Would need to be massive benefits though permalink embed save parent report give award reply [–]ArcosimSilver | QC: CC 51 | VET 22 | Technology 39 0 points1 point2 points 15 hours ago (0 children) PayPal also freezes your account "just in case" many times, and then you have to spend an entire week talking with their support to get your assets unfrozen. If you experienced that with PayPal in the past you'll understand why I'm not planning to use anything controlled. permalink embed save parent report give award reply [–]Berodur 36 points37 points38 points 1 day ago (4 children) I think stable coins shouldn't really be thought of as crypto in the typical sense in terms of decentralization. They are basically just fiat dollars but with the ability to interact with block chains more easily. permalink embed save report give award reply [–]WubbywubPlatinum | QC: CC 96 | ADA 7 -5 points-4 points-3 points 1 day ago* (1 child) but that is the very definition of crypto edit: seems like people dont understand the nuance permalink embed save parent report give award reply [–]AlphaDolby 0 points1 point2 points 18 hours ago (0 children) Nuts you got so many downvotes. What do they think they are doing? They are not even transacting crypto with value. They are transacting at best with fiat which used to be transacted with value before the closing of the gold window. So funny, man, so funny. permalink embed save parent report give award reply [–]BuydipstothemoonPlatinum | QC: CC 32 | ADA 18 0 points1 point2 points 1 day ago (0 children) Agree. In some countries it's good for tax evasion. That's all. permalink embed save parent report give award reply [–]Stiltzkinn 0 points1 point2 points 13 hours ago (0 children) Stablecoins should not be used to hodl. permalink embed save parent report give award reply [–]robbie5643Platinum | QC: CC 77 41 points42 points43 points 1 day ago (12 children) Everyone hates things like this till someone scams/honey pots them, then it’s “what do you mean you can’t recover my coins!!”. Stablecoins are for quick transactions anyways, you can get rid of most of the risk here by just not holding them lol. Edit: Not that this isn’t a good call out, just something that isn’t inherently bad. permalink embed save report give award reply [–]Avoidlol 5 points6 points7 points 1 day ago (6 children) Sure, but what's the point of this stablecoin then? Just seems like another asset they have even more power over. permalink embed save parent report give award reply [–]DrakoolyaBronze | QC: CC 16 | SysAdmin 31 9 points10 points11 points 1 day ago (0 children) The primary purpose of the stablecoin is to provide a 1:1 to a currency of your choice. You are dreaming if you think any legitimate regulated organization will ever offer a truly decentralized offering. It's like asking facebook to be censorship free. permalink embed save parent report give award reply [–]SpeedoCheetoTin | Superstonk 120 0 points1 point2 points 1 day ago (0 children) IDK how the same policies applying to their stable as fiat is a power move permalink embed save parent report give award reply [–]wayfarer8888Tin 0 points1 point2 points 18 hours ago (2 children) It's bankruptcy protected, with pyUSD you are holding an asset that is yours because of regulation. USDC and USDT are only IOUs, when SHTF you line up as a creditor. permalink embed save parent report give award reply [–]Avoidlol 0 points1 point2 points 18 hours ago (1 child) that is yours because of regulation. I'm sorry, but isn't that the kind of words that helped cause the mess which crypto aims to fix? You'd still need to trust a single entity, it's not about laws and regulation, as we've seen time and time again, those who make the laws; do not follow them. permalink embed save parent report give award reply [–]wayfarer8888Tin -1 points0 points1 point 17 hours ago (0 children) Short answer: No. permalink embed save parent report give award reply [–]Crunchious1 1 point2 points3 points 1 day ago (0 children) You mean people only like things when it benefits them? Shocker! permalink embed save parent report give award reply [–]Kindly-Wolf6919 0 points1 point2 points 1 day ago (0 children) Once you're not a bad actor then this shouldn't be particularly concerning. Still, no one would want to know their money can be taken away in a heartbeat. permalink embed save parent report give award reply [–]zenhodl -1 points0 points1 point 1 day ago (1 child) What if PayPal or a government agency they no doubt feed data to decides that something you said couldn't be tolerated and they imposed a fine, but didn't tell you, only for you to find out about it when you deposit some money to make a "quick transaction" and a withdrawal is triggered? PayPal already toyed with the idea of taking people's money out of their accounts if they had controversial opinions only to walk it back after public outrage permalink embed save parent report give award reply [–]robbie5643Platinum | QC: CC 77 3 points4 points5 points 1 day ago (0 children) I mean they did walk it back after public outrage, so that’s a good thing. They already tried that and failed miserably. The crypto market would be even more outraged about that, and they would immediately start a massive run on their stablecoin. I highly doubt it would survive even the first documented case of that, it would be crypto suicide. permalink embed save parent report give award reply [–]NotReallyYouPunk 0 points1 point2 points 23 hours ago (0 children) True true. Crypto can't be reversed. Crypto bad bad bad. permalink embed save parent report give award reply [–]uniquecuriousmeTin 2 points3 points4 points 1 day ago (2 children) Paypal is no one's friend. No, just no! permalink embed save report give award reply [–]ThorKruger117 2 points3 points4 points 1 day ago (1 child) What’s bad about PayPal? permalink embed save parent report give award reply [–]uniquecuriousmeTin 1 point2 points3 points 1 day ago (0 children) I've watched Paypal destroy merchants, hold their funds without good reason for months, cancel good orders with no intervention from the merchant, and there is no direct actionable support. Paypal is not FDIC insured but that is moot as we are talking about crypto. I and many others do not trust them, They have proven to be heavy handed, permalink embed save parent report give award reply [–]MbuguBronze 2 points3 points4 points 1 day ago (0 children) Seems to me a necessary evil. permalink embed save report give award reply [–]wee_dLow Crypto Activity | 6 months old 2 points3 points4 points 1 day ago (0 children) Make 1984 fiction again. permalink embed save report give award reply [–]PessoaHeteronimoTin 2 points3 points4 points 1 day ago (0 children) A preview of what CBDC Will be permalink embed save report give award reply [–]hellosamaira 2 points3 points4 points 1 day ago (0 children) I will never trust PayPal. permalink embed save report give award reply [–]eetaylogPlatinum | QC: CC 748 | VET 7 2 points3 points4 points 23 hours ago (0 children) Fuck Paypal. permalink embed save report give award reply [–]BrocoliAssassin 2 points3 points4 points 14 hours ago (0 children) This was to be expected with Paypal. permalink embed save report give award reply [–]tambaybtc 5 points6 points7 points 1 day ago (3 children) PayPal has created a CBDC stable where that can exactly do what Countries are planning to do with CBDC 🤨 permalink embed save report give award reply [–]lorenzomofoTin | CC critic 0 points1 point2 points 1 day ago (0 children) Still waiting to see if PayPal charges money to do transfers using their stablecoin. I’m pretty sure real CBDCs owned by countries won’t charge to do transfers otherwise they would be dead on arrival. permalink embed save parent report give award reply [–]TheNewl0gicTin 0 points1 point2 points 19 hours ago (0 children) CBDCs If countries force the use of theirs CBDC that will fuck crypto and things like Paypal is doing, right ? permalink embed save parent report give award reply [–]-raiwist 4 points5 points6 points 1 day ago (2 children) they want to be involved with cryptocurrency but want to strip it of its main selling points, genius permalink embed save report give award reply [–]InsaneMcFriesPlatinum | QC: CC 256 0 points1 point2 points 1 day ago (0 children) The makings of a Centralised Institutional Digital Currency, an awful love child of the CBDC permalink embed save parent report give award reply [–]ThrowawayHoper 0 points1 point2 points 1 day ago (0 children) Sounds like late stage capitalism tbh permalink embed save parent report give award reply [–]zoomercoomer9000 5 points6 points7 points 1 day ago* (0 children) Yeah, I'm going to assume NYDFS requires stablecoins to have a freeze function for standard AML compliance, as part of their BitLicense program. I doubt an American company like Paypal would be permitted to issue the stablecoin otherwise. permalink embed save report give award reply [–]Popular_District9072Tin | CRO 9 1 point2 points3 points 1 day ago (1 child) I remember reading mixed feedback about crypto purchases through PayPal - in mass people weren't too happy, so I'm going to pass, but will keep an eye on its development permalink embed save report give award reply [–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children) Ideally, mee too just spectating it and waiting for riggt maturity! permalink embed save parent report give award reply [–]GrimeWizardPlatinum | QC: CC 193 1 point2 points3 points 1 day ago (1 child) This is what adoption by centralized authorities will always look like. Nobody should expect any different permalink embed save report give award reply [–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children) Exactly! Thats what name even implies isnt it! permalink embed save parent report give award reply [–]RuneW007Tin 1 point2 points3 points 1 day ago (1 child) Didn’t PayPal already do this with normal funds, I don’t trust them and I won’t use them. permalink embed save report give award reply [–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children) They are perfect regular bankers! Less suitable for Crypto! permalink embed save parent report give award reply [–]zippy1979 1 point2 points3 points 1 day ago (1 child) Just like regular Paypal then permalink embed save report give award reply [–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children) Yeap no difference and not suitable to crypto world! permalink embed save parent report give award reply [–]Jester-Black-9999 1 point2 points3 points 1 day ago (0 children) This company can do all of these things with every paypal account now, with USD. What is the point in even owning a stable coin, especially tied to a company with a horrendous track record of managing customer funds. permalink embed save report give award reply [–]LilDandyy 1 point2 points3 points 1 day ago (0 children) And GL reaching Paypal costumer service if they freeze your account... permalink embed save report give award reply [–]silveycorp 1 point2 points3 points 1 day ago* (0 children) PayPal was at the forefront of the trucker bank freeze in Canada. And then they added the user agreement portion about cancelling your account based on your social actions. Would you expect them not to do this with a stable? I love crypto, I believe in it as a tool of freedom, but unfortunately stables only leave us “tethered” and chained to the old financial system we want to escape. I’m no Bitcoin maxi but it seems clear it’s the only currency real freedom can be achieved with. The “alt coins” are the replacement for banks and BTC is the currency that makes it happen. permalink embed save report give award reply [–]SirArthurPTPlatinum 1 point2 points3 points 1 day ago (0 children) A company that can freeze your account based upon your personal opinions, what can go wrong? permalink embed save report give award reply [–]tyedyegregTin 1 point2 points3 points 1 day ago (0 children) How could you have not seen that coming? This is just the blueprint for for the US CDBC, which will do the same and way more damaging things to privacy. permalink embed save report give award reply [–]RunsOnJava98 1 point2 points3 points 1 day ago (0 children) Damn stablecoins are a lot more sus than I realized. I haven’t used them yet, but I better read up on them a bit more. permalink embed save report give award reply [–]yondercodePlatinum | QC: CC 16 | Buttcoin 8 | Economics 19 1 point2 points3 points 1 day ago (1 child) Fuck this dumb ass fear around PayPal USD Literally USDC and USDT can do the same and you will be glad that the function fucking exists when a protocol get exploited or you got scammed lmaooo Unless you're not a criminal literally what's your fear? Even if you are just quickly swap to ETH and clean your ass in Tornado or something permalink embed save report give award reply [–]AutoModerator[M] 0 points1 point2 points 1 day ago (0 children) Hello yondercode. It looks like you might have found a new scam? If so, please report this scam by crossposting to r/CryptoScams, r/CryptoScamReport, or visiting scam-alert.io. For tips on how to avoid scams, click here. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns. permalink embed save parent report give award reply [–]Sideboard81Platinum | QC: CC 76 1 point2 points3 points 1 day ago (1 child) I stopped using PayPal a long time ago, and will never go back. permalink embed save report give award reply [–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children) I use for regular txns but big no for Crypto Bro. Their support is real sucker and dont give shit to genuine customers. So i would expect more ahit to Crypto from them permalink embed save parent report give award reply [–]partymslPlatinum | QC: CC 702 | r/WSB 16 1 point2 points3 points 1 day ago (0 children) This is to the surprise of ABSOLUTELY no one. permalink embed save report give award reply [–]Background-Ad-2102Tin 2 points3 points4 points 1 day ago (2 children) Paypal has done a lot of shady stuff as a company, so this does not surprise me. I’ll stick with BTC and hodl. permalink embed save report give award reply [–]bananafannaphofannaTin 0 points1 point2 points 1 day ago (0 children) Me too permalink embed save parent report give award reply [–]twholstPlatinum | QC: CC 58 1 point2 points3 points 1 day ago (0 children) I will never trust this company to do anything truly beneficial to end users in this space. Everything will be way too centralized for that to ever happen. permalink embed save report give award reply [–]defiCosmos 1 point2 points3 points 1 day ago (1 child) They can already do all that without a stablecoin. I've got money frozen on PayPal from 2009 that I will never get back. They just took it, have not used them since. PayPal sucks anyway. permalink embed save report give award reply [–]Shiratori-3 1 point2 points3 points 1 day ago (0 children) I personally went a bit sour on Paypal after they pulled the WikiLeaks stuff https://www.wired.com/2010/12/paypal-wikileaks/ permalink embed save parent report give award reply [–]Renanr_c 1 point2 points3 points 1 day ago (0 children) They are not a decentralised entity, so i would believe they need the control over all this.. so its kind of expected. permalink embed save report give award reply [–]Probably_notabotTin | CC critic 1 point2 points3 points 1 day ago (1 child) Damn, they really went for full control on their first roll out huh? permalink embed save report give award reply [–]AdZealousideal3461 1 point2 points3 points 15 hours ago (0 children) Exactly! Daamn scary cex! permalink embed save parent report give award reply [–]JonartiTin 1 point2 points3 points 1 day ago (0 children) My stable coin is BTC and ETH permalink embed save report give award reply [–]QptimisedTin 1 point2 points3 points 1 day ago (2 children) For something as centralized as this stablecoin, it's weird that they have their whole source code openly available. Or is this normal? permalink embed save report give award reply [–]samer109 2 points3 points4 points 1 day ago (0 children) A CBDC was recently released by a country's bank (forgot which one maybe brasil?) and we could also see their source code.. permalink embed save parent report give award reply [–]leaflavaplanetmossBronze | Technology 12 2 points3 points4 points 1 day ago* (0 children) PYUSD is a Solidity contract on Ethereum. Once the smart contract is published on the blockchain, the contract's bytecode (which is what is generated when you compile the original Solidity source and publish it to the blockchain) is publicly available because its the bytecode is what the Ethereum Virtual Machine runs when the contract's functions are called by a transaction. In many cases, the source can be decompiled back into a close approximation of the original Solidity source code, e.g. https://etherscan.io/bytecode-decompiler. Most projects will make their actual contract source code public on Github and / or on block explorers however, which is what PayPal did. You can tell because the source code for the contract address is not only available on Etherscan but it's also verified, which means that PayPal uploaded the source to Etherscan and the source code, when compiled, matches the compiled bytecode for that address on the blockchain: https://etherscan.io/address/0xe17b8adf8e46b15f3f9ab4bb9e3b6e31db09126e#code permalink embed save parent report give award reply [–]WeaselJCDTin | Superstonk 25 1 point2 points3 points 1 day ago (1 child) These guys (the system) wil get crypto adopted and then pull this bullshit and people will say, "f*ck, I should have gone with BTC or <insert next best altcoin> instead" and this is how we get mass adoption mark my words! permalink embed save report give award reply [–]Most_Being_4002 0 points1 point2 points 1 day ago (0 children) I believe you,also i think CBDC can help to mass adoption,too.its little paradox,but possible. permalink embed save parent report give award reply [–]ToshiSat 1 point2 points3 points 1 day ago (1 child) I knew PayPal would try to fuck people over, it was obvious Their stock is going down since the last years, I hope they burn tbh We need to make them irrelevant, crypto has the power to do that. Real crypto permalink embed save report give award reply [–]GeolinearI wished for this 0 points1 point2 points 1 day ago (0 children) Don’t forget about eBay getting propped up here too. You’re right this is just a coupon with fine print. permalink embed save parent report give award reply [–]NuewimPlatinum | QC: CC 613, ETH 31 | TraderSubs 31 0 points1 point2 points 1 day ago (8 children) Paypal executives read 1984 and they were like: "What a great idea if we make stablecoin based on this book". permalink embed save report give award reply [–]genjitenjiSilver | QC: CC 320 | NANO 91 0 points1 point2 points 1 day ago (2 children) Shout out to Big Brother (please don’t disappear me) permalink embed save parent report give award reply [–]ShadowKnight324 0 points1 point2 points 1 day ago (1 child) Don't worry, you will be found after commiting suicide with 2 bullets in the back of the head permalink embed save parent report give award reply [–]deathbyfish13Free Range Moon Farmer 0 points1 point2 points 1 day ago (0 children) So tragic he had time to fire two shots at himself from behind permalink embed save parent report give award reply [–]partymslPlatinum | QC: CC 702 | r/WSB 16 -1 points0 points1 point 1 day ago (1 child) And Sam Altman (WLD founder) recommended them that book. permalink embed save parent report give award reply [–]zenhodl 0 points1 point2 points 1 day ago (0 children) Recommended? He wrote the forward.. permalink embed save parent report give award reply [–]GeolinearI wished for this 0 points1 point2 points 1 day ago (0 children) It won’t be the last permalink embed save parent report give award reply [–]The_Chorizo_BanditSilver | QC: CC 846, XRP 41 | TRX 28 0 points1 point2 points 1 day ago (0 children) PayPal execs were like “How can we take our shitty, thieving platform and make it work for crypto?” permalink embed save parent report give award reply [–]thijsfcSilver | QC: CC 295 | NANO 35 0 points1 point2 points 1 day ago (1 child) This is the main reason that decentralisation is so important in the crypto sphere. Don’t want entities to control your funds. permalink embed save report give award reply [–]Probably_notabotTin | CC critic 0 points1 point2 points 1 day ago (0 children) Use exchanges to exchange, then gtfo permalink embed save parent report give award reply [–]NewOCLibraryReddit 0 points1 point2 points 1 day ago (1 child) fake.. not paypal permalink embed save report give award reply [–]ripple_mcgeePlatinum | QC: CC 44 | CRO 19 | ExchSubs 19 0 points1 point2 points 1 day ago (0 children) This. The link OP posted is clearly to a fake PYUSD scam. What blows my mind is how many people didn't know/bother to check. permalink embed save parent report give award reply [–]StonedRexPlatinum | QC: CC 181 0 points1 point2 points 1 day ago (0 children) In one hand I like it because it will make it a lot more difficult for scammers, in other I'm worried that they have this much control over our assets. permalink embed save report give award reply [–]Roberto9410Platinum | QC: CC 831 0 points1 point2 points 1 day ago (0 children) PayPal hasn’t exactly been a champion of financial self sovereignty in the past - they didn’t allow people to withdraw the crypto they bought through them after all permalink embed save report give award reply [–]DaemonTargaryen34 0 points1 point2 points 1 day ago (1 child) Lmao centralization at its peak permalink embed save report give award reply [–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children) Exactly! On one hand Cex are important for huge LP and other hand it has so much power to jeopardize whole dex concept! permalink embed save parent report give award reply [–]ACE415_Tin 0 points1 point2 points 1 day ago (2 children) Hopefully nobody falls for this bs permalink embed save report give award reply [–]ThrowawayHoper 0 points1 point2 points 1 day ago (0 children) Oh you know they will man, it’s the circle of life at this point unfortunately permalink embed save parent report give award reply [–]stephenph 0 points1 point2 points 1 day ago (0 children) It is all in the marketing.... they will make it all nice and pretty on the outside till they hook you into the ecosystem... Then BAM!!! slam the door shut (and you haven't even pulled your fingers out yet....) Most people think it can never happen to them, that their ideas and speech aren't THAT non mainstream. You hear it all the time on the paypall forums.... "My non profit has a balance of 50K but not PayPal is holding all my funds and accusing me of something (they wont even tell me what)...." permalink embed save parent report give award reply [–]The-Francois8Silver|QC:CC928,BTC178,ETH39|CelsiusNet.50|ExchSubs42 0 points1 point2 points 1 day ago (0 children) The more you learn, the more you start to become a bitcoin maxi. permalink embed save report give award reply [–]fiscallyCompete 0 points1 point2 points 22 hours ago (0 children) PayPal is now becoming beast. permalink embed save report give award reply [–]Antartica_To_GNZ11 -1 points0 points1 point 1 day ago* (0 children) "... Paypal's new stablecoin has the ability to pause all transfers, freeze addresses to prevent actions and also burn the tokens in the frozen addresses." - Great. Gonna use this with eBay straight away. permalink embed save report give award reply [–]Antartica_To_GNZ11 -1 points0 points1 point 1 day ago (0 children) permalink embed save report give award reply [–]FootballBat69Platinum | QC: CC 207 -1 points0 points1 point 1 day ago (0 children) A little bit of robinhood vibes. permalink embed save report give award reply [–]UpperVoltTin -1 points0 points1 point 22 hours ago (0 children) Just as USDT and USDC. I dont see why the fuzz.. permalink embed save report give award reply [–]wylie2020Platinum | QC: DOGE 27 -1 points0 points1 point 22 hours ago (0 children) Y'all trying to turn a positive for crypto into a negitive by emphasizing what all stable coins have the ability to do. SMH permalink embed save report give award reply [–]SecondLovattTin -1 points0 points1 point 22 hours ago (0 children) To be honest, as much as I hate PayPal, I'd rather stablecoins be heavily regulated and have a semblance of control. They are to be used as an adoption / way to get into the crypto space with ease. I have never understood why anyone would keep any of these stablecoins outside of them having a good APR. permalink embed save report give award reply [–]bvandepolBanned 0 points1 point2 points 1 day ago (1 child) 1 🚩, 2 🚩 and that makes 3 🚩 permalink embed save report give award reply [–]Probably_notabotTin | CC critic 0 points1 point2 points 1 day ago (0 children) Damn. This comment looks a lot like my ex. permalink embed save parent report give award reply [–]ClownishOyster 0 points1 point2 points 1 day ago (1 child) This happens so often with these web2 companies creating tokens, they need to have their control and have no regard for anything else. Good catch and i'm sure news will spread fast to stay away permalink embed save report give award reply [–]GeolinearI wished for this 0 points1 point2 points 1 day ago (0 children) Wtf. They left clawback and freeze on? permalink embed save report give award reply [–]risingcrow1o1 0 points1 point2 points 1 day ago (0 children) Elon: “I don’t have any plans of making any crypto” PayPal: “Hold my beer” permalink embed save report give award reply [–]feline99 0 points1 point2 points 1 day ago (0 children) Stuff like this will just keep creating more and more BTC maxis. Isn’t one of the main points of cryptocurrencies decentralization/no central authority? permalink embed save report give award reply [–]The_Chorizo_BanditSilver | QC: CC 846, XRP 41 | TRX 28 0 points1 point2 points 1 day ago (0 children) So… you’re saying I should invest? /s permalink embed save report give award reply [–]RCALovah 0 points1 point2 points 1 day ago (0 children) Just looking at the code. With all the freeze, burn or wipe on there. I don't even need to understand it all, I'm not putting my money on it anymore permalink embed save report give award reply [–]OriginalIllustrator5 0 points1 point2 points 1 day ago (0 children) Sounds great and like nothing bad will happen permalink embed save report give award reply [–]Final-Ad-6694Tin 0 points1 point2 points 1 day ago (0 children) if it'll make you money, this sub wont care permalink embed save report give award reply [–]sam2142Low Crypto Activity 0 points1 point2 points 1 day ago (0 children) CBDC is in the corner taking notes. permalink embed save report give award reply [–]LiveDirtyEatCleanTin | QC: BTC 20 | CC critic 0 points1 point2 points 1 day ago (0 children) So its just paypal permalink embed save report give award reply [–]Home_ImprovmentTin 0 points1 point2 points 1 day ago (0 children) Is this good or bad? permalink embed save report give award reply [–]FattestLion 0 points1 point2 points 1 day ago (0 children) A preview of CBDCs lol permalink embed save report give award reply [–]JeffreyDollarzTin 0 points1 point2 points 1 day ago (0 children) So it's basically a CBDC pilot... permalink embed save report give award reply [–]BearishVsBullish 0 points1 point2 points 1 day ago (0 children) Seems just like another coin to stay away from then I understand the value that stables play in the whole ecosystem but man oh man, do I dread those things permalink embed save report give award reply [–]Fourplyer80Tin 0 points1 point2 points 1 day ago (0 children) Sounds about right! permalink embed save report give award reply [–]OtherwiseTrya 0 points1 point2 points 1 day ago (0 children) I wouldn't expect anything different from them. or any other large companies. This is the norm now. permalink embed save report give award reply [–]OutTopTin | 3 months old 0 points1 point2 points 1 day ago (0 children) So does all other stable coins permalink embed save report give award reply [–]elysiansaurusPlatinum | QC: CC 20 | CAKE 6 | r/WSB 286 0 points1 point2 points 1 day ago (0 children) While this is shitty, like stated below USDC and USDT can do the same things. It's not like Paypal is extra shitty, it's basically par for the course for stablecoins. permalink embed save report give award reply [–]DankOceanTin 0 points1 point2 points 1 day ago (0 children) It’s more or less a CBDC just like USDC or USDT permalink embed save report give award reply [–]mashiro1496Platinum | QC: CC 74 0 points1 point2 points 1 day ago (0 children) Well isn't that bad? permalink embed save report give award reply [–]Citizen_KanoBronze | QC: CC 16 | r/WSB 22 0 points1 point2 points 1 day ago (0 children) I'd trust SBF over PayPal. Pure scum permalink embed save report give award reply [–]ibrawTin 0 points1 point2 points 1 day ago (0 children) I wouldn't trust PayPal to hold fiat, let alone crypto. permalink embed save report give award reply [–]Alarming_Associate47Tin 0 points1 point2 points 1 day ago (0 children) I feel like this has the potential to be a huge step for adoption. This basically means that any store that accepts PayPal payments now also (indirectly) accepts Bitcoin, Ethereum and Litecoin payments. Sure it comes at the cost of centralization but it‘d be the smoothest way of finally spending my crypto on something. permalink embed save report give award reply [–]fanriverDesire of one's dreams 0 points1 point2 points 1 day ago (0 children) This Stablecoin Will Lower Adoption permalink embed save report give award reply [–]Beandog095Tin | PennyStocks 16 0 points1 point2 points 1 day ago (0 children) tbh their stable coin is probably backed as well. permalink embed save report give award reply [–]rulesforrebels 0 points1 point2 points 1 day ago (0 children) Of course it can its paypal. Better not wrong-headed or they'll tske $2500 from you in crypto permalink embed save report give award reply [–]Sir_Lagz_AlotPlatinum | QC: Coinbase 35 | CelsiusNet. 10 | ExchSubs 46 0 points1 point2 points 1 day ago (0 children) You guys know the other top stablecoins do the exact same thing right? permalink embed save report give award reply [–]dopef123Silver | QC: SOL 139, CC 109, ETH 61 | CAKE 41 | TraderSubs 56 0 points1 point2 points 1 day ago (0 children) Honestly I think it’s a good thing to have options. If some stablecoins can be clawed back in fraud that’s good. Also having untouchable decentralized stablecoins is good. I don’t think we need every token to be decentralized permalink embed save report give award reply [–]nonameattachedforme 0 points1 point2 points 1 day ago (0 children) Pretty much as expected, harvesting big data is the sad future of crypto. permalink embed save report give award reply [–]SuprBestFriendsPlatinum | QC: CC 26 0 points1 point2 points 1 day ago (0 children) This is why most people should stay away from stables. Use dia if you can but I understand it’s not feasible for everyone. If your new stay away from stables. If your on chain use on chain assets eg. ether. It’s the best way to hodl funds on chain. Real world assets need a lot of work till they become stable and viable. permalink embed save report give award reply [–]IcyLingonberry5007Bronze | QC: ALGO 20 0 points1 point2 points 1 day ago (0 children) Freesze enabled.. Me no like that. permalink embed save report give award reply [–]RealCFourTin | CRO 8 0 points1 point2 points 1 day ago (0 children) PayPal being a house hold name well probably get my mom talking about crypto again permalink embed save report give award reply [–]0x1a3c3e7Platinum | QC: BTC 28 0 points1 point2 points 1 day ago (0 children) What's the sales pitch? lol permalink embed save report give award reply [–]lordchickenburgerMoon and bitcoin are me love 0 points1 point2 points 1 day ago (0 children) yeah we see where this is going. any coin controlled by any centralized party should be avoided at all costs permalink embed save report give award reply [–]BigTex254Platinum | QC: CC 74 | CRO 6 0 points1 point2 points 1 day ago (0 children) I honestly didn’t even know people still used PayPal? permalink embed save report give award reply [–]OnelinersandbluesPlatinum | QC: ETH 120 | TraderSubs 120 0 points1 point2 points 1 day ago (0 children) Good publicity but we know better permalink embed save report give award reply [–]FolsgaardSETin | Politics 17 0 points1 point2 points 1 day ago* (0 children) Wait what does this have to do with Ethereum? IS this an actual coin with a coin demon and wallet or just some shitty token, someone made 1 million of to trade like a NFT and call it "a coin". Tokens are not coins, really wish this concept never polluted the ecosystem and various blockchains. permalink embed save report give award reply [–]Rick-CV2Tin 0 points1 point2 points 1 day ago (0 children) PayPal are literally the last company you want to be able to delete our money lmao permalink embed save report give award reply [–]satoshi_oscar_wilde 0 points1 point2 points 1 day ago (0 children) Interesting name... PISSD you say? Oh PYUSD... permalink embed save report give award reply [–]Maleficent_Sound_919Tin 0 points1 point2 points 1 day ago (0 children) So PayPal is also on the CBDC agenda, this is why Bitcoin is important! permalink embed save report give award reply [–]elpikachar 0 points1 point2 points 1 day ago (0 children) Just another clone… seen a meme about adding headaches on bird app too permalink embed save report give award reply [–]Tribalboi69Bronze 0 points1 point2 points 1 day ago (0 children) This stablecoin is backed by paxos btw. permalink embed save report give award reply [–]GabeDefBronze | Politics 41 0 points1 point2 points 1 day ago (0 children) So we’re okay with centralized, again? permalink embed save report give award reply [–]-0-O-Silver | QC: CC 42, BTC 25, ETH 25 | ADA 28 | Politics 39 0 points1 point2 points 1 day ago (0 children) Compiler Version v0.4.24 lmao wtf And SupplyController address isn't even a contract- it's just a regular wallet. That means ONE DEVICE controlled by ONE PERSON can mint or burn as many PYUSD as they want. permalink embed save report give award reply [–]ObsidianramBeware the JubJub & the Jaberwock 0 points1 point2 points 1 day ago (0 children) Sounds like a European version of a stable coin - like what they did with smart contracts and demanding they be "reversible" - which is asinine and defeats the whole purpose of a safe, secure transaction... I'm sure there are bigger plans for this thing - they just want to get this accepted first before they add more "features" onto it...they won't show their whole hand at once... permalink embed save report give award reply [–]ohjeezhiTin 0 points1 point2 points 1 day ago (0 children) Duh. They are a company under United States law permalink embed save report give award reply [–]x_lincoln_x4 score and 7 coins ago... 0 points1 point2 points 1 day ago (0 children) Grab 'em by the PYUSD! /sorry permalink embed save report give award reply [–]Redditlovinglover 0 points1 point2 points 1 day ago (0 children) Nothing new OP. USDT and USDC can perform same function too. permalink embed save report give award reply [–]SpeedoCheetoTin | Superstonk 120 0 points1 point2 points 1 day ago (0 children) Wouldn't the most reasonable presumption be that this is so they can protect you from fraud/scams/whatever and keep in line with their current policies on fiat transations? permalink embed save report give award reply [–]evilisticsSilver | QC: CC 38, ATOM 23 | r/CMS 13 | TraderSubs 10 0 points1 point2 points 1 day ago (3 children) lets not pretend anyone is surprised here. permalink embed save report give award reply [–]xMagoxBronze | QC: CC 21 0 points1 point2 points 1 day ago (2 children) specially since they can do the same with your FIAT permalink embed save parent report give award reply [–]evilisticsSilver | QC: CC 38, ATOM 23 | r/CMS 13 | TraderSubs 10 0 points1 point2 points 1 day ago (1 child) Yeah. This is why money doesn't stay in my PayPal account for long. permalink embed save parent report give award reply [–]xMagoxBronze | QC: CC 21 0 points1 point2 points 1 day ago (0 children) For good or worse, I can't even leave it there if I want it (to avoid fees), in my country they are obligated to send it to your bank account at the end of the day (charging me a fee in the process) permalink embed save parent report give award reply [–]omghag18 0 points1 point2 points 1 day ago (0 children) Now that's kind of a dk move permalink embed save report give award reply [–]raconteur7Tin 0 points1 point2 points 1 day ago (0 children) Who the eff would sign up for Dictator Coin like this? Bunch of little dictators controlling your life permalink embed save report give award reply [–]SeatedDruidHe who slings the shit ;) 0 points1 point2 points 1 day ago (0 children) ah a stablecoin except from Paypal permalink embed save report give award reply [–]Real-Technician831Tin | 5 months old 0 points1 point2 points 1 day ago (0 children) Ehh, I think I will prefer SWIFT transfers for fiat things. Other stables can do the same, but PayPal has well known history on customer abuse. permalink embed save report give award reply [–]BN_BoiPlatinum | QC: CC 101 | NEO 10 0 points1 point2 points 1 day ago (0 children) Nice, how to make no one use it. Who even use paypal nowadays, after all the bad things and scams you find about it... permalink embed save report give award reply [–]lotofpic 0 points1 point2 points 1 day ago (0 children) All stable coins have the same functions. permalink embed save report give award reply [–]Dramatic_Patience_41Tin 0 points1 point2 points 1 day ago (0 children) is more stablecoin better? permalink embed save report give award reply [–]Mariahausfrau 0 points1 point2 points 1 day ago (1 child) That sounds like north korean currency.Step by step to NWO. permalink embed save report give award reply [–]mildmanneredhatterTin 0 points1 point2 points 22 hours ago (0 children) What's so bad about a nwo? Peace and prosperity enforced by shadowy figures rather than constant war and famine? permalink embed save parent report give award reply [–]lucashcy_97Tin 0 points1 point2 points 1 day ago (0 children) Is other exchange going to list this coin ? permalink embed save report give award reply [–]DeeDot11In it for the tech.. 0 points1 point2 points 1 day ago (0 children) Centralised shite again then. Built on ethereum L2 which is wild tho, the amount of money they control vis their users. Ethereum is becoming the money layer of the Internet permalink embed save report give award reply [–]Sixtricks90Tin 0 points1 point2 points 1 day ago (0 children) The roof, the roof, the roof is on fire permalink embed save report give award reply [–]jadequarter 0 points1 point2 points 1 day ago (0 children) just another tether permalink embed save report give award reply [–]Slippytoe[🍰] 0 points1 point2 points 1 day ago (0 children) I mean on one hand, it’s great exposure for Crypto. On the other hand, might as well use a bank if PayPal have this sort of jurisdiction. permalink embed save report give award reply [–]PsLJdoggSilver | QC: Coinbase 53, CC 32 | CRO 13 | ExchSubs 66 0 points1 point2 points 1 day ago (0 children) Virtually every stablecoin has these functions, this is not unique permalink embed save report give award reply [–]simplicity92Bronze 0 points1 point2 points 1 day ago (0 children) Im pretty sure they do it to stop hackers or exploiters. But its a good backdoor permalink embed save report give award reply [–]Apprehensive_Baker80Platinum | QC: CC 27 | SHIB 8 0 points1 point2 points 1 day ago (0 children) Don’t see anything wrong there. Bear in mind that a centralized currency needs to have this freezing mechanisms. If you don’t like it just use decentralized alternatives permalink embed save report give award reply [–]throwaway1177171728Platinum | QC: CC 37 | CelsiusNet. 6 | r/WSB 14 0 points1 point2 points 1 day ago (0 children) So does every stablecoin. You can't have a stablecoin without a central authority. permalink embed save report give award reply [–]idigholes 0 points1 point2 points 1 day ago (0 children) Sounds more like PayEnemy to me permalink embed save report give award reply [–]Impossible_Soup_1932Platinum | QC: CC 286 | ADA 8 0 points1 point2 points 1 day ago (0 children) Companies can never release a stablecoin that can't be censored. Governments wouldn't allow it, if these stables can be used by terrorists, blackmailers etc. permalink embed save report give award reply [–]wytherlanejazzProbability Mage 0 points1 point2 points 1 day ago (0 children) Centralisation in action permalink embed save report give award reply [–]83nnoBronze 0 points1 point2 points 1 day ago (0 children) De-Decentralised permalink embed save report give award reply [–]slasula 0 points1 point2 points 1 day ago (0 children) 2spooky4me permalink embed save report give award reply [–]NoNumbersNumberTin | 1 month old 0 points1 point2 points 1 day ago (0 children) PayPal's CBDC 🫠 permalink embed save report give award reply [–]customtoggleSilver | QC: BTC 584, CC 159, DOGE 52 | r/SSB 16 | Economy 14 0 points1 point2 points 1 day ago (0 children) Saylor's an idiot >inb4: he graduated from x university and he's a billionaire how many times have you graduated and how many billions do you have permalink embed save report give award reply [–]p3ekSilver | QC: CC 142, ALGO 36 | VET 15 | PCgaming 161 0 points1 point2 points 23 hours ago (0 children) The idea of decentralization was what started crypto , but it's really not about that anymore. Crypto is just another tool that purely depends on who is using it permalink embed save report give award reply [–]Relevant-Brain-733 0 points1 point2 points 23 hours ago (0 children) Just another bank then! permalink embed save report give award reply [–]token-eaterPlatinum | QC: CC 30 | NANO 8 | r/WSB 13 0 points1 point2 points 23 hours ago (0 children) I only keep DAI. permalink embed save report give award reply [–]KevinBannaTin 0 points1 point2 points 23 hours ago (0 children) with these function. hackers were not able to damage the crypto world so hard during the past years. permalink embed save report give award reply [–]Trylks 0 points1 point2 points 23 hours ago (0 children) It's like testing a CBDC in Ethereum. permalink embed save report give award reply [–]BradVetSilver | QC: CC 487 | VET 71 0 points1 point2 points 23 hours ago (0 children) Sounds about right, does anyone really think corporations or gov are going to create a decentralised blockchain project, never. I dont trust a single one permalink embed save report give award reply [–]leechergod 0 points1 point2 points 23 hours ago (0 children) Dai and USDD stabelcoins do not have freeze options. But USDD is controlled by JUstin Sun. I prefer Justin Sun over Paypall permalink embed save report give award reply [–]shenanigans_101 0 points1 point2 points 23 hours ago (0 children) Well should we have expected any different? It is the norms around this big company stablecoins permalink embed save report give award reply [–]zeyar_lynxPermabanned 0 points1 point2 points 22 hours ago (0 children) Another CBDC ? no thanks. permalink embed save report give award reply [–]SYD-LIS 0 points1 point2 points 22 hours ago (0 children) PayPals Customer Support suxs dick permalink embed save report give award reply [–]Krupda42Tin | 4 months old 0 points1 point2 points 22 hours ago (0 children) This isn't even the most significant part If you want to use PYUSD, you have to complete KYC This is what's coming for all stablecoins (if the provision in the military spending bill is kept) permalink embed save report give award reply [–]DB_aBronze | QC: ALGO 21 0 points1 point2 points 22 hours ago (1 child) Another shitcoin has been born. And people will praise and use this, but will find anything on the coin they hate permalink embed save report give award reply [–]Oheson 0 points1 point2 points 19 hours ago (0 children) A USD backed stable coin from a US regulated entity who has 450 million users is not a "shitcoin". It is called adoption. permalink embed save parent report give award reply [–]nossrednaretepTin 0 points1 point2 points 22 hours ago (0 children) Is this good or bad? permalink embed save report give award reply [–]brobbio 0 points1 point2 points 21 hours ago (0 children) Nice. Way to go crypto! permalink embed save report give award reply [–]BasedxgodxTin 0 points1 point2 points 21 hours ago (0 children) Still kind of cool though. permalink embed save report give award reply [–]mintytoTin 0 points1 point2 points 21 hours ago (0 children) At least it has transparency now. permalink embed save report give award reply [–]TehAlex94Tin 0 points1 point2 points 21 hours ago (0 children) Why would anyone trust PayPal when before a couple months they could fine you if they didn’t agree with your opinion online ? permalink embed save report give award reply [–]LewmiWARNING: 5 - 6 years account age. 34 - 75 comment karma. 0 points1 point2 points 21 hours ago (1 child) Don’t know why anyone would buy into this, exact opposite of the main reasons behind crypto permalink embed save report give award reply [–]Oheson 0 points1 point2 points 19 hours ago (0 children) Right. The main reason behind crypto is to be scammed, rug pulled, and lose your money when a scammer goes bankrupt and escapes to Dubai. Ah the good old days... permalink embed save parent report give award reply [–]billw1zz3 - 4 years account age. 100 - 200 comment karma. 0 points1 point2 points 20 hours ago (0 children) I think most stable coins hold this ability, it’s the centralised part of decentralisation. Companies find it hard to let go of control. Be good if a stable coin came along that was decentralised, permalink embed save report give award reply [–]LewmiWARNING: 5 - 6 years account age. 34 - 75 comment karma. 0 points1 point2 points 20 hours ago (0 children) PayPal has a history littered with seizing user funds. It’s was a huge issue with ebayers et permalink embed save report give award reply [–]JojorentPlatinum | QC: CC 31 0 points1 point2 points 20 hours ago (0 children) More like PhuckedPal permalink embed save report give award reply [–]Oheson 0 points1 point2 points 19 hours ago* (0 children) What did you expect? Paypal, a US regulated entity on the Stock Exchange to use Monero or something else to help facilitate crime? This is a Ethereum use case app. This is very good for overall adoption of decentralized protocols. That does not mean that every app using the protocol needs to be decentralized. The opposite of having regulated entities in crypto is FTX, Celsius. Voyager, BlockFi, Genesis, and all the other contagions in the space. Not to mention the constant rug pulls and criminals that dominate crypto in general. Even if you didn't use those, you were affected by them. permalink embed save report give award reply [–]WyrdNine 0 points1 point2 points 19 hours ago (1 child) The answer to question of what kind of crypto your government wants, not the people. permalink embed save report give award reply [–]Oheson -1 points0 points1 point 19 hours ago* (0 children) Bitcoin does not care about governments or anything else. BTC is a decentralized, immutable store of value with a fixed supply that uses blockchain tech. PYUSD is a centralized, stable coin from a major Fintech company on ETH. ETH is a decentralized layer 1 blockchain that acts as a global operating system. Using "crypto" as a general statement makes not sense. If you don't know the difference between BTC, ETH, and PYUSD maybe you should spend more time learning. None of them have anything in common outside of the underlying tech being blockchain. "crypto" is a general term that really means nothing. It is like using the term "vehicle" and conflating boats, motorcycles, cars, planes, jet skis, and buses as one thing. permalink embed save parent report give award reply [–]BuyETHorDAIPlatinum | QC: CC 500, ETH 93, ATOM 59 | Politics 20 0 points1 point2 points 18 hours ago (0 children) Centralized stablecoins are centralized. More at 11. permalink embed save report give award reply [–]Starkgaryen69Stack Sats 0 points1 point2 points 18 hours ago (0 children) Yeah, sounds like FIAT to me. Hard pass. permalink embed save report give award reply [–]wayfarer8888Tin 0 points1 point2 points 18 hours ago (0 children) pyUSD is fully backed, regulated and insured: https://www.coindesk.com/business/2023/08/07/paypals-regulated-stablecoin-i… permalink embed save report give award reply [–]orangecyanide 0 points1 point2 points 18 hours ago* (0 children) I'm not sure what the intentions of this post are but to start with the deth link that is being shared has the wrong ETH address, the actual address of the PYUSD is 0xe0a8ed732658832fac18141aa5ad3542e2eb503b ; you can check the tnx number and the supply:https://etherscan.io/token/0xe0a8ed732658832fac18141aa5ad3542e2eb503bAlso the functions are not written correctly and there is no 'wipeFrozenAddress' function. I don't think function exists in solidity even. You can see the real PYUSD smart contract code here: https://etherscan.deth.net/address/0xe0a8ed732658832fac18141aa5ad3542e2eb50… only thing that I found there is a bit controlling is that there is a _buyerMap and you cannot sell the token automatically on Uniswap (the interfacing DEX) if you are not on the _buyerMap or you have to wait for the _buyCount to surpasses the _preventSwapBefore threshold so you can sell it, but the _buyCount threshold is not defined in the contract. Never trust always verify. permalink embed save report give award reply [–]chillbanana111Tin 0 points1 point2 points 18 hours ago (0 children) The link OP posted is clearly to a fake PYUSD scam. What blows my mind is how many people didn't know/bother to check. permalink embed save report give award reply [–]melonmetaTin | 6 months old | NANO 92 0 points1 point2 points 16 hours ago (0 children) That's why we Nano #XNO permalink embed save report give award reply [–]HarvWhanDonTin 0 points1 point2 points 16 hours ago (0 children) As long as the source code is laid out free for all, it's positive, i suppose. My worry is that the popularity of this may encourage more control and a bigger move towards a CBDC cashless society where no one can see the source code... permalink embed save report give award reply [–]Cheeky-Devil 0 points1 point2 points 16 hours ago (0 children) I didn’t even know you could do that with USDT permalink embed save report give award reply [–]Bizness_boiTin | CelsiusNet. 10 0 points1 point2 points 15 hours ago (0 children) I hate to be crass but I think getting bent out of shape about a centralized service having full control of their asset on any chain is ridiculous, and it's frankly uninformed to claim anything like this is "against the idea of crypto!" We're talking about a company guaranteeing their own assets on any chain. You have tons of centralized and decentralized options if you want to transact in dollars. If you want the value that circle, tether, paypal provide with their stablecoin, you have to play by their rules. There's certainly a lot of value in knowing that somebody would have a hard time running away with all your USD if you stored it on chain, and knowing that it isn't held in a bunch of smart contracts, it's held in a vault somewhere (let's not get into the nuances of how fiat works). You know what makes crypto great? Nobody is forcing you to use this anymore than being forced to use BTC or anything else to transact in. Store your shit in MAI if you're worried, swap to another when you need to. Don't overthink it. permalink embed save report give award reply [–]AdZealousideal3461 0 points1 point2 points 15 hours ago (0 children) Transparency in the source code is crucial, but the ability to freeze and unfreeze accounts might raise concerns for some. Central control over the supply via Supplycontroller is notable, and the potential for CBDCs to adopt similar functions is intriguing. Let's keep an eye on developments in the stablecoin space! permalink embed save report give award reply [–]holybawlTin 0 points1 point2 points 14 hours ago (0 children) I would only use PayPal for fiat on/off ramp. Ach to bank. So that’s opens another opportunity to ramp in and out in the USA. That’s a win in my book. permalink embed save report give award reply [–]Crypto-Expansion 0 points1 point2 points 14 hours ago (0 children) That's a PCDC: Paypal Controlled Digital Currency! Stay away! permalink embed save report give award reply [–]sylsau 0 points1 point2 points 13 hours ago (0 children) All the alerts raised on PayPal's stablecoin should make you aware that those who issue USDC and USDT may be doing exactly the same thing... permalink embed save report give award reply [–]FallenOne2334Tin | CC critic 0 points1 point2 points 13 hours ago (0 children) Another reason I do not use PayPal anymore. permalink embed save report give award reply [–]Computer_says_noooTin | QC: CC 18 | DOGE critic 0 points1 point2 points 12 hours ago (0 children) So pretty much like a CBDC permalink embed save report give award reply [–]orangecyanide 0 points1 point2 points 12 hours ago (0 children) Wrong smart contract. OP is a scammer. This is the correct smartcontract: https://etherscan.deth.net/address/0xe0a8ed732658832fac18141aa5ad3542e2eb50… permalink embed save report give award reply [–]ShinAlastor 0 points1 point2 points 10 hours ago (0 children) This is not good permalink embed save report give award reply [–]GotStuckedTin 0 points1 point2 points 10 hours ago (0 children) What a surprise! Ahem.. permalink embed save report give award reply [–]Xylon818Bronze 0 points1 point2 points 9 hours ago (0 children) The largest stable coins are all centralised. USDC and USDT both do the same. This is why a decentralized money like Nano, Monero are so important. permalink embed save report give award reply [–]xxXTECHxx 0 points1 point2 points 9 hours ago (0 children) Decentralized permalink embed save report give award reply [–]DanTheMan_117Tin 0 points1 point2 points 6 hours ago (0 children) So what if the private key of controller gets leaked? Rip coin? permalink embed save report give award reply [–]YouAreAnFnIdiotPlatinum | QC: BTC 221, ETH 209 | TraderSubs 426 0 points1 point2 points 5 hours ago (0 children) Dai enters chat permalink embed save report give award reply [–]sherpya 0 points1 point2 points 3 hours ago (0 children) stablecoins are centralized permalink embed save report give award reply [–]WordofDogeRedditor for 2 months. 0 points1 point2 points 2 hours ago (0 children) I knew they would do something like this with their coin. Everyone please do some research of PayPal before using their new coin. They have a massive history of claiming/freezing funds. To big and small people. permalink embed save report give award reply [–]ucantbm 0 points1 point2 points 44 minutes ago (0 children) BTC ftw. Freedom! permalink embed save report give award reply

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Cryptocurrency: US Pols Seek To See Your Anus, Bill You $10k For It
by grarpamp 09 Aug '23

09 Aug '23

The Fact that they haven't adjusted the $10k number for inflation ever since that nonsense arbitrary number entered into "Law" in the 1960's... proves the Evil Against Freedom and the Corruption that exist behind both it... and Them. Your only remaining option for your own Freedom and that of those you care about, is to adopt crypto and then Defund such Govts, which is all of them, worldwide. Liz Warren is an Anti-Freedom Cunt that needs ejected from office. https://beincrypto.com/us-senators-report-crypto-transactions-over-10000/ US Senators Want You to Report Crypto Transactions of Over $10,000 by kirtash93 [–]tiger1647 126 points127 points128 points 11 hours ago (41 children) I want them to report to me everytime they spend $10,000. permalink embed save report give award reply [–]carsonthecarsinogen 13 points14 points15 points 10 hours ago (3 children) your iPhone has rapidly disassembled due to overloading permalink embed save parent report give award reply [–]Pristine_Spinach8718Stargazing 2 points3 points4 points 1 hour ago* (1 child) They probably spend $10k on their average lunch, what are the odds you think they will report that as well? permalink embed save parent report give award reply [–]FreyaOysteaTin | CC critic 1 point2 points3 points 57 minutes ago (0 children) Below 0% my friend permalink embed save parent report give award reply [–]Unavailablewith 0 points1 point2 points 4 hours ago (0 children) More like your iPhone won't report anytuing. These guys will find a way to cheat the system. permalink embed save parent report give award reply [–]HODL-THE-LINEPlatinum | QC: CC 26 7 points8 points9 points 10 hours ago (2 children) That's a wish that would turn into a curse real fast. permalink embed save parent report give award reply [–]tiger1647 0 points1 point2 points 10 hours ago (0 children) The monkeys claw curled. permalink embed save parent report give award reply [–]simplicity92Bronze 0 points1 point2 points 1 hour ago (0 children) You are gonna be a target permalink embed save parent report give award reply [–]meeleen223Moons = Magic Internet Money Vol. 2 7 points8 points9 points 10 hours ago (13 children) Senators: "This is outrageous, and a few 0s and we can talk" permalink embed save parent report give award reply [–]CymandeTV 3 points4 points5 points 10 hours ago (10 children) Well, I don't have 10k to invest in crypto so... permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 3 points4 points5 points 9 hours ago (6 children) Rather, it is more probable we report 10k in losses permalink embed save parent report give award reply [–]coinsRus-2021Silver | QC: CC 52 | ADA 222 | TraderSubs 11 2 points3 points4 points 9 hours ago* (4 children) You lost your moons in a boating accident, I see! permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 2 points3 points4 points 9 hours ago (3 children) Moons? What moons?! permalink embed save parent report give award reply [–]the2ndRuss 0 points1 point2 points 5 hours ago (0 children) 🧐 permalink embed save parent report give award reply [–]emp-sup-bryBronze | QC: CC 22 | LRC 6 -1 points0 points1 point 7 hours ago (0 children) 3rd party app for reporting zero vault moons. sigh permalink embed save parent report give award reply [–]AutoModerator[M] 0 points1 point2 points 9 hours ago (0 children) It looks like you are asking about Moons. The answer to your question may be found here in the official Moons FAQ: https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns. permalink embed save parent report give award reply [–]tiger1647 0 points1 point2 points 8 hours ago (0 children) You guys are going to make this post a reportable transaction! permalink embed save parent report give award reply [–]SeatedDruidHe who slings the shit ;) 0 points1 point2 points 9 hours ago (1 child) Sir we only lose money here permalink embed save parent report give award reply [–]coinsRus-2021Silver | QC: CC 52 | ADA 222 | TraderSubs 11 0 points1 point2 points 9 hours ago (0 children) If you don’t own moons permalink embed save parent report give award reply [–]myslowtvTin 0 points1 point2 points 9 hours ago (0 children) I am with you. I want to report that I've sold over $10k of crypto!! permalink embed save parent report give award reply [–]Ignitus1Platinum | QC: BTC 19, ETH 18 | GMEJungle 14 | Superstonk 440 0 points1 point2 points 9 hours ago (0 children) A senator is nowhere near that expensive. permalink embed save parent report give award reply [–]simplicity92Bronze 0 points1 point2 points 1 hour ago (0 children) Looks like you gonna need to report when you sold off 25% of your moons permalink embed save parent report give award reply [–]Technical-Cloud-3651Tin | 4 months old 1 point2 points3 points 10 hours ago (1 child) I want them to only be able to spend crypto so it can be tracked permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 0 points1 point2 points 9 hours ago (0 children) The ultimate dream permalink embed save parent report give award reply [–]SlowpokesEmporium1 - 2 years account age. 100 - 200 comment karma. 0 points1 point2 points 10 hours ago (1 child) The ultimate uno reverso permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2 points3 points 9 hours ago (0 children) Having a public blockchain tracking politicians' expenses and donations would be just great permalink embed save parent report give award reply [–]infested33Analyst 0 points1 point2 points 10 hours ago (0 children) You are going to get thousands of reports about hookers and blow. permalink embed save parent report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 0 points1 point2 points 10 hours ago (0 children) Is that someone at your door? permalink embed save parent report give award reply [–]Popular_District9072Tin | CRO 9 0 points1 point2 points 10 hours ago (0 children) and then explain how they are able to spend more than they make on recurring basis permalink embed save parent report give award reply [–]Electrical-Lead5993Platinum | QC: CC 140 0 points1 point2 points 9 hours ago (0 children) Haha! Politicians be transparent with us. Oh no, they don’t like that! They don’t like the rules applying to them permalink embed save parent report give award reply [–]Green_L3afTin 0 points1 point2 points 9 hours ago (1 child) Honestly that's how it should work. If they make a law, they follow it too. Common sense shit here people. permalink embed save parent report give award reply [–]CCNightcoreBronze | Science 11 0 points1 point2 points 2 hours ago (0 children) Anti money laundering statutes are a good thing generally. People are naive if they think a public ledger won't have the same requirements eventually. permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1 point2 points 9 hours ago (0 children) No one needs that level of spam permalink embed save parent report give award reply [–]Odysseus_Lannister 0 points1 point2 points 8 hours ago (0 children) phone explodes permalink embed save parent report give award reply [–]joe17301Silver | QC: CC 71 | LRC 59 0 points1 point2 points 6 hours ago (0 children) They don't get out of best for transactions under $1mil. permalink embed save parent report give award reply [–]Ek_Ko1 0 points1 point2 points 5 hours ago (1 child) hi this is the IRS permalink embed save parent report give award reply [–]tiger1647 0 points1 point2 points 5 hours ago (0 children) Hi IRS. Are you here inquiring about my boating accident? permalink embed save parent report give award reply [–]ControlPotentialLikes Crypto 0 points1 point2 points 10 hours ago (0 children) Probably a lot of hospital bills for these dinosaurs permalink embed save parent report give award reply [–]brian_kkingBronze | r/WSB 20 0 points1 point2 points 9 hours ago (0 children) You'd wake up to thousands of reports every morning... You'd have reports flooding out of your house, filling your garage.. You'd be driven insane, getting reports every second of every day of every week... permalink embed save parent report give award reply [–]SeatedDruidHe who slings the shit ;) 0 points1 point2 points 9 hours ago (0 children) Gonna fill up ur inbox real quick😂 permalink embed save parent report give award reply [–]Scarecrow4980 0 points1 point2 points 5 hours ago (0 children) I want them to report any time they are bribed more than $10,000. permalink embed save parent report give award reply [–]Boddis 0 points1 point2 points 1 hour ago (0 children) They work for you after all... supposedly permalink embed save parent report give award reply [–]BrocoliAssassin 37 points38 points39 points 11 hours ago (21 children) I think this is a much bigger issue rather than the 10k reporting: "The bill will also designate a host of crypto industry players—including wallet providers and validators—as financial institutions. " permalink embed save report give award reply [–]Ur_mothers_keeper 22 points23 points24 points 10 hours ago (6 children) Lol good fucking luck. "Wallet providers"? Do they know what a wallet is? It's literally a private key randomly generated on your machine by open source software. Unless someone's providing a custodial service — that is, exchanges — theres no "provider" there. Validators... Bitcoin miners are about to start reporting every transaction over $10k USD in value to the IRS? Even for non US persons? They don't even know who the owners of the money are! There is literally 0 chance that this can even be enforced. Some people like exchanges will have to comply, everyone else can't or won't. permalink embed save parent report give award reply [–]BrocoliAssassin 1 point2 points3 points 10 hours ago (0 children) This is what I would worry about. It's the perfect thing for another "war". It becomes an endless pit of wasted taxpayer money. We have to crack down on everything that allows non-kyc wallets to be in use. Doesn't matter if it works, just as long as it deflects blame and politicians don't have to worry about having to come up with solutions to their wreckless spending and waste, then it's a success! permalink embed save parent report give award reply [–]MisterD00d 0 points1 point2 points 7 hours ago (0 children) One bother is that technically MetaMask is centralized. Thats not true of all wallets, however, and I completely disagree with their notion. Its unenforceable, correct. permalink embed save parent report give award reply [–]im_THIS_guyPlatinum | QC: ETH 35 | CelsiusNet. 18 | PoliticalHumor 30 0 points1 point2 points 6 hours ago (0 children) Remember when they tried to police music piracy? It's like that, but much much harder. permalink embed save parent report give award reply [–]tchuckssBronze | QC: CC 23 | LRC 24 | Superstonk 109 0 points1 point2 points 4 hours ago (0 children) They don't know what a wallet is; but they don't need to. They don't care. They'll make stuff fit their limited worldview. They can determine wallet providers and what they are, and force institutions to create those things, and declare anyone not using those wallets to be in breach of the law. US government is run by imbeciles. permalink embed save parent report give award reply [–]OrdainedPumaPlatinum | ADA 17 | Politics 11 0 points1 point2 points 38 minutes ago (1 child) Don't be so flippant. This is the first step to having "white listed" and "black listed" coins. If you don't have a KYC chain of custody (complete with kyc'd wallets), your coins are rendered defunct by any/every exchange and business. Enjoy being solely peer-to-peer. "Well we can't prove chain of custody from the start of BTC/chain of choice." That'll be fine, you have 8 weeks to doxx your coins to an approved CEX (while also indicating where your coins came from) which has your personal info. After that, anything which has an incomplete chain is unredeemable. And that's how you have captured freedom money in three moves. permalink embed save parent report give award reply [–]OrdainedPumaPlatinum | ADA 17 | Politics 11 0 points1 point2 points 35 minutes ago (0 children) And, to further expound, how long do you think self hosted wallets last in this environment if you have to white list coins through an exchange? Any coins touching or coming from an unhosted wallet are "criminal money." You guys do realize the US government are the baddies here, right? With all the power to lose? And do humans give up power easily/freely when they live on top of the fucking money printer? permalink embed save parent report give award reply [–]Least-March7906Bronze | Buttcoin 22 8 points9 points10 points 11 hours ago (8 children) This is definitely the issue. If they are designated as financial institutions then they will come under significant government regulations and will have a shit ton on reporting responsibilities permalink embed save parent report give award reply [–]BrocoliAssassin 9 points10 points11 points 10 hours ago (6 children) Yeap and why I hate politics so much. If Warren didn’t outright say this I’d bet most people would think it would be a conspiracy theory that they would go as far to have every single wallet monitored. You can see she has no idea how tech works. A bunch of thieves run this country so I only expect for all this to get worse over time. All to feed the war machine and rich. permalink embed save parent report give award reply [–]wee_dLow Crypto Activity | 6 months old 8 points9 points10 points 10 hours ago (3 children) Elizabeth Warren is a batshit crazy person that needs to be stopped. permalink embed save parent report give award reply [–]conceiv3d-in-lib3rty 4 points5 points6 points 10 hours ago (1 child) She still has 15 more years if she retires at 90, which is typical for “notable” US senate members 🤦‍♂️ permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 2 points3 points4 points 9 hours ago (0 children) We needed another asteroid to take these dinosaurs away permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1 point2 points 9 hours ago (0 children) I don’t think she’s batshit crazy, but I do think she doesn’t understand crypto land therefore shouldn’t be trying to legislate it. permalink embed save parent report give award reply [–]Honeynel 2 points3 points4 points 10 hours ago (1 child) bunch of thieves run this country They get paid to implement freedom restricting policies that make corporations more money. Been that way since the 70s. permalink embed save parent report give award reply [–]NostraSkolMusTin | LRC 9 | Superstonk 383 1 point2 points3 points 10 hours ago (0 children) Since the fed was founded permalink embed save parent report give award reply [–]The-Francois8Silver|QC:CC928,BTC178,ETH39|CelsiusNet.50|ExchSubs42 2 points3 points4 points 10 hours ago (0 children) Wallet providers aren’t supposed to know who’s using the wallets. That’s a problem. permalink embed save parent report give award reply [–]Slippytoe[🍰] 2 points3 points4 points 10 hours ago (1 child) They can report $10k wallet transactions until the cows come home. Good luck finding out who the completely and hopelessly anonymous wallets belong to though. permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1 point2 points 9 hours ago (0 children) And anyways, we’ll just see a lot more $9,999 transactions. permalink embed save parent report give award reply [–]Admirable-Hyena5040Platinum | QC: CC 60, BTC 22 | Politics 44 0 points1 point2 points 10 hours ago (0 children) Ah, Elizabeth Warren's sneaky central bank insertion. permalink embed save parent report give award reply [–]Popular_District9072Tin | CRO 9 0 points1 point2 points 10 hours ago (0 children) seems like the goal is to strip crypto of anything good and put it in line with regular assets, which makes no point unless the goal is to slow down the growth of crypto space permalink embed save parent report give award reply [–]CptBombastic 8 points9 points10 points 8 hours ago (0 children) I don't even have that much to invest in crypto. permalink embed save report give award reply [–]Sugar_PhutTin 17 points18 points19 points 10 hours ago (7 children) How about we get some term limits instead. Fuck them dinosaurs permalink embed save report give award reply [–]HODL-THE-LINEPlatinum | QC: CC 26 1 point2 points3 points 10 hours ago (2 children) That's exactly what that metroid said 65 Million years ago! And it would take about the same force to get these old fucks to give up some of their power. permalink embed save parent report give award reply [–]genjitenjiSilver | QC: CC 320 | NANO 91 1 point2 points3 points 10 hours ago (1 child) permalink embed save parent report give award reply [–]RedOctobrrrPlatinum | QC: CC 29 | Superstonk 148 1 point2 points3 points 9 hours ago (0 children) Yo this is God tier, Metroid fuckin up a dinosaur (with wings) If Reddit still distributed free awards to give, I'd have given you mine. permalink embed save parent report give award reply [–]conceiv3d-in-lib3rty 0 points1 point2 points 10 hours ago (0 children) Liz Warren is 74 and won’t retire until she’s fucking 90 probably. permalink embed save parent report give award reply [–]Popular_District9072Tin | CRO 9 0 points1 point2 points 10 hours ago (1 child) reminds me of the late soviet era, when people in power were mainly over 70, not allowing new people to get in, "working" on the future they will never see permalink embed save parent report give award reply [–]Pr0MeisterTin 0 points1 point2 points 9 hours ago (0 children) The Eastern European special permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 0 points1 point2 points 9 hours ago (0 children) Agree wholeheartedly. There comes a time when your time is done. At a certain age you’re just governing for the past and whatever you grew up thinking was right, which is probably outdated and antiquated. Progress moves forward. The people making the laws should be the ones that will have to live through the consequences. permalink embed save parent report give award reply [–]GrunblauPlatinum | QC: CC 410, BTC 71 | r/WSB 214 4 points5 points6 points 7 hours ago (0 children) Shit. I’ve been reporting all my transactions… permalink embed save report give award reply [–]TheMissingNTLDR 3 points4 points5 points 11 hours ago (4 children) 9999.99 enters the chat... permalink embed save report give award reply [–]wee_dLow Crypto Activity | 6 months old 1 point2 points3 points 10 hours ago (2 children) Batches of $9,999.99 permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 2 points3 points4 points 9 hours ago (1 child) Politicians: “Ah damn it! Who knew they’d do that when we spent 2 years arguing and drafting up the law?” permalink embed save parent report give award reply [–]trufin2038Platinum | QC: BTC 30 1 point2 points3 points 2 hours ago (0 children) It's funny but the same is true of fiat banking. Multiple small transaction is flagged as "structuring" and gets reported anyway. They actually don't care about 10k, the bottom line is they defacto report all transactions that move more than a trivial amount of money. permalink embed save parent report give award reply [–]ToyakeTin | Futurology 36 0 points1 point2 points 2 hours ago (0 children) This would be known as structuring and is a felony. TMYK permalink embed save parent report give award reply [–]Florian995Tin 3 points4 points5 points 11 hours ago (5 children) Laughs in Monero permalink embed save report give award reply [–]mesutdmnPlatinum | QC: CC 109 0 points1 point2 points 11 hours ago (1 child) Laughs in ?????? permalink embed save parent report give award reply [–]JuiceColdmanTin | CC critic | Politics 25 0 points1 point2 points 11 hours ago (0 children) Laughs in boating accident permalink embed save parent report give award reply [–]Kindly-Wolf6919 0 points1 point2 points 11 hours ago (0 children) Laughs in third world country permalink embed save parent report give award reply [–]KaydeeKaine 0 points1 point2 points 11 hours ago (0 children) XMR is getting harder to buy, depending on where you live. permalink embed save parent report give award reply [–]hamberdler 0 points1 point2 points 6 hours ago (0 children) Laughs in profit permalink embed save parent report give award reply [–]coinfeeds-botApproved CC Bot 3 points4 points5 points 11 hours ago (2 children) tldr; US Senators, led by Elizabeth Warren, are pushing for stricter regulations on cryptocurrencies in the US. They have reintroduced the Digital Asset Anti-Money Laundering Act, which includes making crypto transactions over $10,000 legally reportable. The proposed law would require industry players to file a Report of Foreign Bank and Financial Accounts (FBAR) with the IRS for transactions exceeding $10,000 in digital assets through offshore accounts. The bill also designates wallet providers and validators as financial institutions and imposes new reporting requirements for transactions over $10,000. The law would also expand responsibilities for owners and administrators of crypto ATMs and strengthen compliance processes. Warren claims that crypto has become a preferred payment method for criminals and the bill aims to crack down on crypto crime. However, data from Chainalysis shows that crypto-related crime is down 63% since the start of 2023. This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io permalink embed save report give award reply [–]Probably_notabotTin | CC critic 0 points1 point2 points 3 hours ago (0 children) “Led by Liz Warren” of course that asshole is involved permalink embed save parent report give award reply [–]dabornstein 0 points1 point2 points 7 hours ago (0 children) Thank you bot, you is kind, you is appreciated permalink embed save parent report give award reply [–]Talic15Bronze 1 point2 points3 points 10 hours ago (2 children) Elizabeth Warren Can she seriously just fuck off and lose in the next primary? Massachusetts, can you please do us a solid? permalink embed save report give award reply [–]tchuckssBronze | QC: CC 23 | LRC 24 | Superstonk 109 1 point2 points3 points 4 hours ago (0 children) Who's to say the person coming to replace her will be any better... permalink embed save parent report give award reply [–]milonuttigrainPlatinum | QC: CC 1719 | Pers.Fin.NZ 17 -1 points0 points1 point 8 hours ago (0 children) Liz is a lizard and should be sent back to Jurasic permalink embed save parent report give award reply [–]bkcrypt0 2 points3 points4 points 11 hours ago (1 child) It's the same with USD. They're trying to stop money laundering. permalink embed save report give award reply [–]CONSOLE_LOAD_LETTERPlatinum | QC: CC 562 0 points1 point2 points 2 hours ago (0 children) Yeah it's not specific to crypto really, it sometimes comes up with any large or unknown financial transaction, of which now crypto is being recognized as being mainstream enough to be considered as a legitimate to transact finances. Many countries are actually already very strict with this kind of reporting in fiat, and while it can be a pain in the ass I'm not actually against complying with it because it can actually help prevent things like wealthy tax cheats, human trafficking, or money going to sanctioned government weapons programs like North Korea. permalink embed save parent report give award reply [–]samer109 1 point2 points3 points 11 hours ago (0 children) I prefer how it is in Europe, you only have to report when you sell for EUR.. permalink embed save report give award reply [–]Pixelated_CurvesBronze | QC: CC 21 2 points3 points4 points 11 hours ago (13 children) Gonna be a lot of $9,999 transactions permalink embed save report give award reply [–]Snjordo 3 points4 points5 points 11 hours ago (3 children) I'll do $9998 not to look suspicious permalink embed save parent report give award reply [–]opensandshutsPlatinum | QC: CC 115 | PersonalFinance 86 2 points3 points4 points 9 hours ago (0 children) I’ll go with $1, Bob. permalink embed save parent report give award reply [–]KaydeeKaine 1 point2 points3 points 11 hours ago (0 children) U smarty permalink embed save parent report give award reply [–]Z3LS3Bitcoin 0 points1 point2 points 6 hours ago (0 children) Fogel, this ID says you’re 25 years old. Why wouldn’t you just put 21, man? Seth, Seth, Sethhh, listen up assface. Every day hundreds of kids go into the liquor store with their fake IDs, and every one says they’re 21. how many 21 year olds do you think there are in this town? It’s called fucking strategy alright? permalink embed save parent report give award reply [–]UnsightlyCornerstone[🍰] 3 points4 points5 points 11 hours ago (3 children) Or you can be poor like me and not have to worry about stuff like that. Senators hate this one simple trick! permalink embed save parent report give award reply [–]meeleen223Moons = Magic Internet Money Vol. 2 1 point2 points3 points 11 hours ago (2 children) Senators hate $9.99k transactions, shrimp gains and boating accidents simple tricks! permalink embed save parent report give award reply [–]Da_Notorious_HAMTin | CC critic 3 points4 points5 points 11 hours ago (0 children) Meanwhile, a lot of senators making $9.99k transactions and having a ton of boating accidents. permalink embed save parent report give award reply [–]Hawke64Platinum | QC: CC 199 2 points3 points4 points 11 hours ago (0 children) They hate us cuz they anus permalink embed save parent report give award reply [–]WineMakerBg 0 points1 point2 points 11 hours ago (0 children) Would be Happy to report. Will actually mean I'm doing quite OK with 5% of my assets in Crypto. 😀 permalink embed save parent report give award reply [–]prosenl1Platinum | QC: CC 148 0 points1 point2 points 11 hours ago (0 children) Except maybe when it's finalized it was a 10.003 transaction. permalink embed save parent report give award reply [–]WonzkyPlatinum | QC: CC 986 0 points1 point2 points 11 hours ago (0 children) Except that's actually illegal lol, see "structuring" permalink embed save parent report give award reply [–]AltruisticPops -1 points0 points1 point 11 hours ago (0 children) Ez fix. Try again suit man. permalink embed save parent report give award reply [–]EpicHasAIDS 0 points1 point2 points 9 hours ago (0 children) Lol. The same rules exist for cash. Guess what? They figured the 9,999 trick out. permalink embed save parent report give award reply [–]ToshiSat 3 points4 points5 points 11 hours ago (15 children) That’s not really surprising A whole lot of countries has done the same, some require you to report every transactions It’s not the kind of regulations we should be worried about imo permalink embed save report give award reply [–]GeolinearI wished for this 1 point2 points3 points 11 hours ago (12 children) Yes, I can agree that this type of regulation is more levelheaded and reasonable to ask of people. Where I live, like you, every transaction must be reported. It’s a major pain to keep track of. Especially with defi. permalink embed save parent report give award reply [–]ToshiSat 1 point2 points3 points 11 hours ago (11 children) It’s costing me a lot of money just to make my taxes because of that .. but it won’t discourage me from using crypto as often as I can permalink embed save parent report give award reply [–]GeolinearI wished for this 0 points1 point2 points 11 hours ago (10 children) I hear ya - I dread tax time every year because I have to pay $300 for combing 10k+ plus transactions just to find out I’m at a loss for $1000 or so close to zero it’s negligible. permalink embed save parent report give award reply [–]ToshiSat 2 points3 points4 points 11 hours ago (9 children) I seriously consider moving to a crypto-friendly country once I have enough to retire. Imagine having no tax on crypto like in Dubai or the Cayman Islands permalink embed save parent report give award reply [–]GeolinearI wished for this 1 point2 points3 points 11 hours ago (7 children) When we hit it big u/ToshiSat, we can run away together to the Caymans. permalink embed save parent report give award reply [–]0-ATCG-1Platinum|QC:ETH24,BTC21,CC18|MANA5|ModeratePolitics35 1 point2 points3 points 10 hours ago (0 children) Love is in the air! Now kith. permalink embed save parent report give award reply [–]HODL-THE-LINEPlatinum | QC: CC 26 1 point2 points3 points 10 hours ago (4 children) Take me with you guys. I'm really good with my hands! permalink embed save parent report give award reply [–]GeolinearI wished for this 1 point2 points3 points 10 hours ago (3 children) Hmm we do need someone with hands, certainly. permalink embed save parent report give award reply [–]HODL-THE-LINEPlatinum | QC: CC 26 1 point2 points3 points 10 hours ago (2 children) Yay! I am going to the Gaymans permalink embed save parent report give award reply [–]GeolinearI wished for this 1 point2 points3 points 10 hours ago (1 child) Don’t forget your swimsuit, tiger ! permalink embed save parent report give award reply continue this thread [–]Pr0MeisterTin 1 point2 points3 points 9 hours ago (0 children) Cool! A destination wedding! permalink embed save parent report give award reply [–]HODL-THE-LINEPlatinum | QC: CC 26 0 points1 point2 points 10 hours ago (0 children) We should all move to a nice country and just be super friendly bros to each other. Maybe no women allowed. Just us, fishing, playing war thunder and sitting out on the porch. permalink embed save parent report give award reply [–]Pr0MeisterTin 0 points1 point2 points 9 hours ago (1 child) Might be wrong here, but at least in the EU don't you have to state the reason/source for every transaction over 10k? Or maybe it was if you are making an international transaction over that amount permalink embed save parent report give award reply [–]ToshiSat 0 points1 point2 points 8 hours ago (0 children) That’s true, even in Canada there’s some red flags associated with these types of transactions if they’re not easily identifiable (buying a car, house, that kind of things) permalink embed save parent report give award reply [–]MonsieurGumpPlatinum | QC: ETH 22, CC 15 | UKPers.Fin. 31 1 point2 points3 points 11 hours ago (3 children) US senators can fuck off. permalink embed save report give award reply [–]conceiv3d-in-lib3rty 0 points1 point2 points 10 hours ago (2 children) Liz Warren can fuck right off. She’s always the ringleader of this anti-crypto dumb shit. permalink embed save parent report give award reply [–]EpicHasAIDS -5 points-4 points-3 points 9 hours ago (1 child) People just can't accept crypto is antithetical to the left. Neither party is perfect but dems are the party of big government and prefer federal power over all. permalink embed save parent report give award reply [–]beerbaron105Platinum | QC: CC 185 | r/CMS 8 | r/WSB 29 1 point2 points3 points 11 hours ago (3 children) God damn I loathe the government permalink embed save report give award reply [–]CrackorjackzorsEthereum flips Bitcoin eventually 3 points4 points5 points 11 hours ago (0 children) Yeah, maybe they should report and reveal their donors that contribute over $10,000 to them. Maybe they should let us know what the lobbyists paid them. How about they disclose gifts they received. permalink embed save parent report give award reply [–]Slippytoe[🍰] 0 points1 point2 points 10 hours ago (0 children) Just report it like they asked, straight into the toilet. They didn’t specify where permalink embed save parent report give award reply [–]j4c0p 0 points1 point2 points 9 hours ago (0 children) People still think its left or right, democrats or republicans meanwhile its people vs politicians. permalink embed save parent report give award reply [–]Damgalnuna000Platinum | QC: CC 311 1 point2 points3 points 11 hours ago (0 children) Is this while they trade stocks with insider information and take speaking fees from financial behemoths permalink embed save report give award reply [–]pizza-chitfiat miner and burner -1 points0 points1 point 11 hours ago (5 children) Do they want me to fill out a form every time I park my car in a different parking lot? permalink embed save report give award reply [–]BrocoliAssassin 0 points1 point2 points 11 hours ago (0 children) I can see it already. In order to fight climate change we have come up with a new tax...uhmm I mean law! Every parking space will be required to record ever car that parks there so that the owner can be billed. This will help combat climate change since this should cut down on car usage and promote car pooling! permalink embed save parent report give award reply [–]One_Landscape541Silver | QC: CC 821 | Buttcoin 56 -1 points0 points1 point 11 hours ago (0 children) Do you park on the moon? permalink embed save parent report give award reply [–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 -1 points0 points1 point 11 hours ago (0 children) Yes, they do. Sometime later permalink embed save parent report give award reply [–]Slippytoe[🍰] 0 points1 point2 points 10 hours ago (1 child) And we want to know about every time you think of our precious dollars too! permalink embed save report give award reply [–]Probably_notabotTin | CC critic 0 points1 point2 points 4 hours ago (0 children) Happy cake day toe! permalink embed save parent report give award reply [–]OfulinacPlatinum | QC: CC 32 0 points1 point2 points 11 hours ago (3 children) Tldr - They want more money. permalink embed save report give award reply [–]AltruisticPops -1 points0 points1 point 11 hours ago (0 children) I'd gladly report but I just had a boating accident permalink embed save parent report give award reply [–]nacockerspanielTin -1 points0 points1 point 11 hours ago (3 children) Half of those old white guys don't even know what crypto is. Just retire already permalink embed save report give award reply [–]SkankHunt42-___- 2 points3 points4 points 11 hours ago (1 child) They're dinosaurs trying to avoir the crypto comet coming their way permalink embed save parent report give award reply [–]nacockerspanielTin -1 points0 points1 point 11 hours ago (0 children) Good luck with that! permalink embed save parent report give award reply [–]SorrytoruinPlatinum | QC: CC 449 -1 points0 points1 point 11 hours ago (0 children) coffin dodgers... permalink embed save parent report give award reply [–]JNisher 0 points1 point2 points 11 hours ago (4 children) We need some younger people in government. Who actually know what crypto is permalink embed save report give award reply [–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 -1 points0 points1 point 11 hours ago (2 children) Young people lack the experience, it's not like in the textbooks but some US politicians are almost 100 years old. The should at least be a cap lol permalink embed save parent report give award reply [–]Trent1462 0 points1 point2 points 11 hours ago (1 child) I mean even someone who’s like 50 would be young in comparison permalink embed save parent report give award reply [–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 0 points1 point2 points 10 hours ago (0 children) Absolutely. Even 35-40 is experienced enough permalink embed save parent report give award reply [–]its_ya_boi_wulfTin | GMEJungle 7 | Superstonk 33 -2 points-1 points0 points 11 hours ago (0 children) I agree, get these dinosaurs out of here permalink embed save parent report give award reply [–]Enkaem 0 points1 point2 points 11 hours ago (0 children) I’m glad they know what they want. permalink embed save report give award reply [+][deleted] 11 hours ago (8 children) [deleted] [–]SorrytoruinPlatinum | QC: CC 449 0 points1 point2 points 11 hours ago (1 child) I doubt they will be coming for moons permalink embed save report give award reply [–]Marrr_tyPlatinum | QC: CC 439 | LRC 7 0 points1 point2 points 11 hours ago (3 children) Haha. This. permalink embed save report give award reply [–]SkankHunt42-___- 1 point2 points3 points 11 hours ago (2 children) Careful, soon those moons will have to be reported if it reaches $1 permalink embed save parent report give award reply [–]Marrr_tyPlatinum | QC: CC 439 | LRC 7 1 point2 points3 points 11 hours ago (0 children) I’ll worry about that if I e s up selling anything. permalink embed save parent report give award reply [–]Pr0MeisterTin 1 point2 points3 points 9 hours ago (0 children) Also, a lot of people will be reporting to their own countries Revenue services and not these guys, because y'know, we ain't all in the US of A permalink embed save parent report give award reply [–]AncientCauliflower47Tin | r/SSB 6 0 points1 point2 points 11 hours ago (1 child) Careful what you wish for. Moons are quite volatile 😁 permalink embed save report give award reply [–]SkankHunt42-___- 0 points1 point2 points 11 hours ago (0 children) Unless moons reach $10, i'm quite safe for now x) permalink embed save parent report give award reply [–]AltruisticPops 0 points1 point2 points 11 hours ago (0 children) US senator can smell my sweaty balls. permalink embed save report give award reply [–]NuewimPlatinum | QC: CC 613, ETH 31 | TraderSubs 31 0 points1 point2 points 11 hours ago (0 children) US Senators would love you to report everything from time you spend on the toilet to how many breaths you take daily and tax you for it. permalink embed save report give award reply [–]Comicaz3 0 points1 point2 points 11 hours ago (0 children) US senators would hate for us to vote them out of office, so they’ll promise you empty promises to keep their positions of power permalink embed save report give award reply [–]pinballrockerTin 1 point2 points3 points 11 hours ago (0 children) Not surprising. permalink embed save report give award reply [–]lifeiswutumakeitTin | r/WSB 52 0 points1 point2 points 11 hours ago (0 children) US senators can stfu permalink embed save report give award reply [+][deleted] 11 hours ago (1 child) [deleted] [–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 -1 points0 points1 point 11 hours ago (0 children) Plot twist: never was permalink embed save report give award reply [–]GeolinearI wished for this 0 points1 point2 points 11 hours ago (2 children) I don’t even have 10k in crypto. Guess that means my gains are free ? permalink embed save report give award reply [–]Party_Practice_7292 0 points1 point2 points 11 hours ago (1 child) Keep holding your moons, soon enough you will. permalink embed save parent report give award reply [–]GeolinearI wished for this 1 point2 points3 points 11 hours ago (0 children) Hey man, you too. We are doing great at this. permalink embed save parent report give award reply [–]Dacotetu 0 points1 point2 points 11 hours ago (1 child) divide transaction into 2 or 3 parts in order divide risk permalink embed save report give award reply [–]prosenl1Platinum | QC: CC 148 0 points1 point2 points 11 hours ago (0 children) Or smaller still. Can we get automation for this? permalink embed save parent report give award reply [–]tehbadge 0 points1 point2 points 11 hours ago (1 child) Whew, saved by my $12 portfolio permalink embed save report give award reply [–]ProtectionNo1727 0 points1 point2 points 11 hours ago (0 children) Wait until a few moon distributions and your portfolio will skyrocket ! permalink embed save parent report give award reply [–]TopAlert2383Platinum | QC: CC 55 | AvatarTrading 10 0 points1 point2 points 5 hours ago (0 children) Let me guess. The dinosaur herself Liz Warren. permalink embed save report give award reply [–]Market-Dependent 0 points1 point2 points 4 hours ago (0 children) No permalink embed save report give award reply [–]pukem0nPlatinum | QC: CC 1350 -1 points0 points1 point 11 hours ago (1 child) only if they do the same with illegal campaign contributions permalink embed save report give award reply [–]jaydub1376 -1 points0 points1 point 11 hours ago (0 children) This…. Most unregulated circumvented bullshit there is. permalink embed save parent report give award reply [–]Traditional-Pound966 0 points1 point2 points 11 hours ago (0 children) Yea no....I am not reporting transactions of what ever amount they pull out of their asses. Good luck to them FOAD Maa noncompliance is how this is defeated. permalink embed save report give award reply [–]BlubberWallWhat the hell is a flair -1 points0 points1 point 11 hours ago (0 children) It’s the same as banking rules tbh, if anything I see this as legitimizing crypto in the governments eyes permalink embed save report give award reply [–]Jcook_14 -1 points0 points1 point 11 hours ago (0 children) Not too surprising. This is in line with current money transfer regulations, so I don’t see this outside of standard regulations. permalink embed save report give award reply [–]CoolCoolPapaOldSkoolPlatinum | QC: CC 1293 -1 points0 points1 point 11 hours ago (4 children) I am open to report my negative —$10,000 transactions permalink embed save report give award reply [–]GeolinearI wished for this -1 points0 points1 point 11 hours ago (0 children) I will happily report they owe me 10k too. permalink embed save parent report give award reply [–]AltruisticPops -3 points-2 points-1 points 11 hours ago (1 child) They don't care about your losses but if you gamble pays off, they want a cut. permalink embed save parent report give award reply [–]CoolCoolPapaOldSkoolPlatinum | QC: CC 1293 -1 points0 points1 point 11 hours ago (0 children) Profits are theirs and losses are ours, that’s governments for you. permalink embed save parent report give award reply [+][deleted] 11 hours ago (1 child) [deleted] [–]TheHudinatorBronze -1 points0 points1 point 11 hours ago (0 children) Awesome! Looks like they'll new r be bothering little ol' me! permalink embed save report give award reply [–]Maximum_Sign2804 -1 points0 points1 point 11 hours ago (0 children) Happy I am from- and live in Europe. permalink embed save report give award reply [–]OMFGROFLMAO2Platinum | QC: CC 30 -1 points0 points1 point 11 hours ago (1 child) Can't they just make 2 transactions of $5,000, using 2 different accounts? I mean, if they're money laundering I don't think they care about doing extra steps. permalink embed save report give award reply [–]OMFGROFLMAO2Platinum | QC: CC 30 0 points1 point2 points 9 hours ago (0 children) I'm honestly curious as to why people downvote comments like this. permalink embed save parent report give award reply [–]Marrr_tyPlatinum | QC: CC 439 | LRC 7 -1 points0 points1 point 11 hours ago (0 children) This is much better than I would expect. At one point they were talking anything over $600. Need the break on my future moons bag 🚀 permalink embed save report give award reply [–]hajro992 -1 points0 points1 point 11 hours ago (0 children) screw you and the SEC permalink embed save report give award reply [–]GregoryonetulumTin -1 points0 points1 point 11 hours ago (0 children) And I want good politicians. So we both don’t get it, it’s fine. permalink embed save report give award reply [–]Lhadar31Tin | CRO 5 -1 points0 points1 point 11 hours ago (0 children) I will report it after the bull run permalink embed save report give award reply [–]SwoopscooterPlatinum | QC: CC 23 | PoliticalHumor 48 -1 points0 points1 point 11 hours ago (0 children) I dont know much about roger marshall but graham, warren and manchin are some of our worst senators. permalink embed save report give award reply [–]Legitimate_Suit_3431 -1 points0 points1 point 11 hours ago (0 children) if you got that much money you can't divide the amount down below 10k, you be living good. permalink embed save report give award reply [–]ExpensiveCategory854Bronze | QC: CC 15 | SHIB 20 | Pers.Fin. 19 -1 points0 points1 point 7 hours ago (0 children) Anything Warren touches turns to shit. permalink embed save report give award reply [–]NotPresidentChumpPlatinum | QC: DOGE 340, CC 105 | r/WSB 180 -1 points0 points1 point 7 hours ago (0 children) I’ll disclose if they disclose. An awful lot of Senators had kids working in Ukraine as advisors or board members before Putin invaded. permalink embed save report give award reply [–]Dull-Wear-3286 0 points1 point2 points 11 hours ago (0 children) My accountant - Why do you always do transactions in $9999? permalink embed save report give award reply [–]LinophryneTin 0 points1 point2 points 11 hours ago (0 children) This is done already in Canada. Doesn't stop me. permalink embed save report give award reply [–]dubski04021Silver | QC: ETH 97, CC 54, BTC 26 | SHIB 41 | TraderSubs 88 0 points1 point2 points 11 hours ago (0 children) Want is a very loose word to choose…I want $1,000,000, I want my girlfriend to workout…they want, but they can suck it permalink embed save report give award reply [–]TotalBeefcallTin 0 points1 point2 points 11 hours ago (0 children) Can someone tell these dinosaurs that the future is now. permalink embed save report give award reply [–]Lcmac12Bronze | CRO 5 | r/WSB 64 0 points1 point2 points 11 hours ago (0 children) FBAR reports are not used to report transactions. They simply ask for the highest balance of each account over the course of the tax year permalink embed save report give award reply [–]masedogg98 0 points1 point2 points 11 hours ago (0 children) If there’s one thing you can count on in crypto it’s that if ole Lizzy Warren is involved it won’t end well! That lady is a total damper on a crypto party for sure. permalink embed save report give award reply [–]ibrawTin 0 points1 point2 points 11 hours ago (0 children) They resent autonomy permalink embed save report give award reply [–]snowmichaelh 0 points1 point2 points 11 hours ago (0 children) I want US senators to report every $10,000 they spend. permalink embed save report give award reply [–]Crypto-Jim33 0 points1 point2 points 11 hours ago (0 children) I would simply use 10 transactions of 1k permalink embed save report give award reply [–]Urticans 0 points1 point2 points 11 hours ago (0 children) Good thing i only ever lose money. Honestly shocked that they dont want to tax me on that too. permalink embed save report give award reply [–]PurplerRaincome as you are 0 points1 point2 points 11 hours ago (0 children) False headline. IRS wants you to report every transaction. permalink embed save report give award reply [–]TheRealCRexPlatinum | QC: CC 63 0 points1 point2 points 11 hours ago (0 children) Shoot, I want to report crypto transactions over $10,000 too. Now, how do I get $10,000 or more permalink embed save report give award reply [–]KaydeeKaine 0 points1 point2 points 11 hours ago (0 children) Who paid Warren? She knows nothing about the industry yet keeps shouting regulation. permalink embed save report give award reply [–]KIG45 0 points1 point2 points 11 hours ago (0 children) I understand when I withdraw my millions I do it in 500 parts of $9999 instead of 2-3 times. permalink embed save report give award reply [–]WonzkyPlatinum | QC: CC 986 0 points1 point2 points 11 hours ago (0 children) Jokes on them, I'm poor permalink embed save report give award reply [–]IcyLingonberry5007Bronze | QC: ALGO 20 0 points1 point2 points 10 hours ago (0 children) Of course they do.. permalink embed save report give award reply [–]ApprehensiveClub6028 0 points1 point2 points 10 hours ago (0 children) None of this shit will matter for like 10 years permalink embed save report give award reply [–]JesusCrits 0 points1 point2 points 10 hours ago (0 children) fuck that bitch. you can't choose which law to follow and which laws to ignore. fix the fucking border and quit paying illegals if you want to actually follow laws. permalink embed save report give award reply [–]Schloss_RatiborTin 0 points1 point2 points 10 hours ago (0 children) Just fill out your taxes correctly not so damn hard. Gov always wants their cut. We had our 10+ years of funtime. permalink embed save report give award reply [–]risingcrow1o1 0 points1 point2 points 10 hours ago (0 children) Hold of them to assume I have close to $10k permalink embed save report give award reply [–]Agile_Ad_7061 0 points1 point2 points 10 hours ago (0 children) Haha. No way!🙂 permalink embed save report give award reply [–]Easy-Medicine-8610Tin 0 points1 point2 points 10 hours ago (0 children) This is already the standard for any money spent amounting to 10k or less over a year time. Are you all suddenly not ok with that now that its crypto? I disagree with it in all currencies. permalink embed save report give award reply [–]Wololo--WololoTin 0 points1 point2 points 10 hours ago (0 children) How about they start by reporting their own insider trading. Or everytime they spent $10K of tax payers money. permalink embed save report give award reply [–]A_grey_sheepTin | SHIB 13 0 points1 point2 points 10 hours ago (0 children) And I want them to stop insider trading. permalink embed save report give award reply [–]Berodur 0 points1 point2 points 10 hours ago (0 children) Not that dissimilar to current banking reporting requirements. permalink embed save report give award reply [–]excubitor15379 0 points1 point2 points 10 hours ago (0 children) I want all politicians to report their transactions and inside trading, can we make a deal then? permalink embed save report give award reply [–]economist_kinda 0 points1 point2 points 10 hours ago (0 children) How about we start by reporting every political donation over $10,000? permalink embed save report give award reply [–]blueblurspeedspinBronze | Superstonk 77 0 points1 point2 points 10 hours ago (0 children) ill be keeping my anonymity and my money to myself. once congress stops trading the traditional markets ill grow more inclined to comply with fairness. until then, suck deez. permalink embed save report give award reply [–]Tasmic_Wales 0 points1 point2 points 10 hours ago (0 children) Meanwhile I'd like them to do their jobs permalink embed save report give award reply [–]Mr_GrowhairTin 0 points1 point2 points 10 hours ago (0 children) Useless permalink embed save report give award reply [–]Popular_District9072Tin | CRO 9 0 points1 point2 points 10 hours ago (0 children) i don't mind sending two transactions for $5k each just show how pointless this attempt to assert control is permalink embed save report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 0 points1 point2 points 10 hours ago (0 children) Okay send me your transactions first please (and that of your family members). permalink embed save report give award reply [–]AcademicTortoisePlatinum | QC: CC 93 0 points1 point2 points 10 hours ago (0 children) We are there boss and I vote no permalink embed save report give award reply [–]lostinpairadice 0 points1 point2 points 10 hours ago (0 children) Umm pass.... permalink embed save report give award reply [–]Bunker_BeansPlatinum | QC: CC 224, BTC 40 | ADA 18 0 points1 point2 points 10 hours ago (0 children) I want Senators to report lobbying transactions over $10,000. permalink embed save report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 0 points1 point2 points 10 hours ago (0 children) The US is becoming to terrible with crypto regulation - they are missing out on a whole new technology industry. permalink embed save report give award reply [–]Ill-Sandwich-7703Tin | 4 months old 0 points1 point2 points 10 hours ago (0 children) They’re trying to find their way to recurring £££ and embed themselves before crypto really goes mainstream permalink embed save report give award reply [–]BrowsingCoinsSilver | QC: CC 403 | CAKE 28 0 points1 point2 points 10 hours ago (0 children) is this essentially part of the same law that requires you to report any transaction across borders over 10k? permalink embed save report give award reply [–]masedogg98 0 points1 point2 points 10 hours ago (0 children) Elizabeth Warren is truly an issue for the cryptocurrency space she always has some off the wall policy she’s trying to push. permalink embed save report give award reply [–]FGTRTDtradesTin 0 points1 point2 points 10 hours ago (0 children) Not saying I agree but this is in line with fiat purchases also. At least its consistent I guess permalink embed save report give award reply [–]FlapJackson420Bronze | ADA 8 0 points1 point2 points 10 hours ago (0 children) Offshore Accounts .... permalink embed save report give award reply [–]LardbearPlatinum | QC: CC 71 0 points1 point2 points 10 hours ago (0 children) Surely the more popular crypto gets, this will just end up costing the government thousands of dollars in administration costs. permalink embed save report give award reply [–]Due-World2907Tin 0 points1 point2 points 10 hours ago (0 children) As long as they do the same for any behind the scenes payments then we have a deal 🤡 permalink embed save report give award reply [–]Scholes_SC2HODL 0 points1 point2 points 10 hours ago (0 children) I'll never have to report anything then permalink embed save report give award reply [–]DontListenToMe33Platinum | 5 months old | QC: BTC 35, CC 19 | Stocks 29 0 points1 point2 points 10 hours ago (0 children) I can do that permalink embed save report give award reply [–]OkCycle5884 0 points1 point2 points 10 hours ago (0 children) This bill's changing the game. Wallet providers and validators going legit as financial institutions? Crypto's evolving permalink embed save report give award reply [–]_who_is_they_ 0 points1 point2 points 10 hours ago (0 children) Them first. permalink embed save report give award reply [–]brian_kkingBronze | r/WSB 20 0 points1 point2 points 9 hours ago (0 children) Oh how free we are... permalink embed save report give award reply [–]Duomax81Tin 0 points1 point2 points 9 hours ago (0 children) I only trade in $9,999 amounts. permalink embed save report give award reply [–]EpicHasAIDS 0 points1 point2 points 9 hours ago (0 children) Just like reporting for cash transactions of more than $10K. It's just a copy of the cash transaction reporting and frankly, should come as no surprise. It's sort of a classic money laundering thing. The funny part is, just like the $10k cash reporting rule, I would venture 99% of you won't ever be affected by it. permalink embed save report give award reply [–]plopsevenPlatinum | QC: CC 86, BTC 43 | DayTrading 8 | Technology 116 0 points1 point2 points 9 hours ago (0 children) US senators can’t yell at the commoners while they inside-trade stocks on privileged information. I honestly don’t understand how they can pass regulations that would only affect other people while letting the status quo work for them. permalink embed save report give award reply [–]SeatedDruidHe who slings the shit ;) 0 points1 point2 points 9 hours ago (0 children) Ewwwww permalink embed save report give award reply [–]Forsaken-Weird-8428 0 points1 point2 points 9 hours ago (0 children) I want to know in real time donations and rorts! permalink embed save report give award reply [–]Temporary_Ad_5947 0 points1 point2 points 9 hours ago (0 children) If my wallet becomes its own financial institution do I finally get access to that dark pool everyone trades on? permalink embed save report give award reply [–]soyelvorphViva Mexico Cabrones 0 points1 point2 points 9 hours ago (0 children) I wish I have 10,000 usd to transact. permalink embed save report give award reply [–]Comfortable-Double94Platinum | QC: DOGE 21 0 points1 point2 points 9 hours ago (1 child) How about they disclose all of their insider trades that net them more than $10,000?? Oh they won’t do that? Shocking permalink embed save report give award reply [–]SeisouhenPlatinum | QC: CC 57, BTC 52 0 points1 point2 points 8 hours ago (0 children) Nancy Pelosi would like to have a word permalink embed save parent report give award reply [–]manus101010Platinum | QC: CC 54 0 points1 point2 points 9 hours ago (0 children) Good thing my weekly DCA is only $76 permalink embed save report give award reply [–]Gooner_93Tin 0 points1 point2 points 9 hours ago (0 children) Crypto is so useless and dangerous but they want a piece of your profits from it. Go figure. permalink embed save report give award reply [–]sammybwise53Tin 0 points1 point2 points 8 hours ago (0 children) Well I want them to report insider trading. permalink embed save report give award reply [–]micro-ioTin 0 points1 point2 points 8 hours ago (0 children) These bloodsuckers will never give up. permalink embed save report give award reply [–]SeisouhenPlatinum | QC: CC 57, BTC 52 0 points1 point2 points 8 hours ago (0 children) Fine I will just do $9,999.99 permalink embed save report give award reply [–]CoolDragon_Here4 - 5 years account age. 125 - 250 comment karma. 0 points1 point2 points 8 hours ago (0 children) Soon you won’t be able to buy anything with cash, because only criminals use cash. permalink embed save report give award reply [–]xof711 0 points1 point2 points 8 hours ago (0 children) Fuck 'em hard permalink embed save report give award reply [–]RunsOnJava98 0 points1 point2 points 8 hours ago (1 child) What’s the penalty of noncompliance? permalink embed save report give award reply [–]Probably_notabotTin | CC critic 0 points1 point2 points 4 hours ago (0 children) Depends on how good you are at it! permalink embed save parent report give award reply [–]cedarrapidsiausTin 0 points1 point2 points 8 hours ago (0 children) so when you need to transact approximately 1 million dollars, do 100 transactions of $9,999.99. permalink embed save report give award reply [–]RunsOnJava98 0 points1 point2 points 8 hours ago (0 children) What a gross overreach. I can’t believe Lindsay Grahm is supporting her on this too. Despicable. permalink embed save report give award reply [–]StryderixTin 0 points1 point2 points 8 hours ago (0 children) Why? So they can insider trade even more. permalink embed save report give award reply [–]StamInBlackTin 0 points1 point2 points 8 hours ago (0 children) See, this sounds much more reasonable than $600. permalink embed save report give award reply [–]FattyFireKidPlatinum 0 points1 point2 points 7 hours ago (0 children) Haha hahaha no permalink embed save report give award reply [–]Ok_Play_7144Tin 0 points1 point2 points 7 hours ago (0 children) "Gimme gimme never gets" permalink embed save report give award reply [–]bears_or_bullsBronze 0 points1 point2 points 7 hours ago (0 children) Sure. First let them stop insider trading since you know that’s illegal and everything. And second, they should also report as well since most likely they think this will only apply to the commoners and not them. permalink embed save report give award reply [–]Magnus_Effect_KalsuBronze 0 points1 point2 points 7 hours ago (0 children) Can I just reply, see Alex Mashinsky? permalink embed save report give award reply [–]dabornstein 0 points1 point2 points 7 hours ago (0 children) Must be nice to have $10,000 to report permalink embed save report give award reply [–]Gossipmanghere for the tech sometimes 0 points1 point2 points 7 hours ago (0 children) Lol good luck with that. permalink embed save report give award reply [–]Mikehaueter 0 points1 point2 points 7 hours ago (0 children) No. permalink embed save report give award reply [–]Blunts_bunnyPlatinum | QC: CC 35 | Buttcoin 11 0 points1 point2 points 7 hours ago (0 children) No thanks permalink embed save report give award reply [–]MisterD00d 0 points1 point2 points 7 hours ago (0 children) I sold a JPEG for 80 cents today... I don't think I have to worry permalink embed save report give award reply [–]Puddin-Luv 0 points1 point2 points 6 hours ago (0 children) And Cash isn't the main choice for drug dealers and rouge nation. Easier to hide cash then it is to hide a crypto transaction. Dinasors in office now. We need a lot younger blood there just scared of technology. Or losing there contributions. permalink embed save report give award reply [–]bush--Tin | Mac 13 0 points1 point2 points 6 hours ago (0 children) People have more than 10k in crypto? 🥺 permalink embed save report give award reply [–]Creative_Visit122Tin 0 points1 point2 points 6 hours ago (0 children) Phew permalink embed save report give award reply [–]MineHunterxBBronze | TRX 25 0 points1 point2 points 6 hours ago (0 children) Well, I lost 10,000 in a boating accident. permalink embed save report give award reply [–]kaasrapsmenTin 0 points1 point2 points 6 hours ago (0 children) Another day of our being glad I'm not American permalink embed save report give award reply [–]Kenjiquest2018 Survivor 0 points1 point2 points 5 hours ago (0 children) My tax office sends me subtle general e-mail reminders telling me to report my crypto trades... (Australia) permalink embed save report give award reply [–]pcakes13Silver | QC: CC 300, ETH 65, DOT 23 | ADA 77 | Superstonk 214 0 points1 point2 points 5 hours ago (0 children) No, lol permalink embed save report give award reply [–]standardcivilian 0 points1 point2 points 5 hours ago (0 children) I bet they do. permalink embed save report give award reply [–]SmallReflection2552Bronze | QC: CC 19 0 points1 point2 points 5 hours ago (0 children) Awwww....isn't that so adorable. permalink embed save report give award reply [–]GrunblauPlatinum | QC: CC 410, BTC 71 | r/WSB 214 0 points1 point2 points 4 hours ago (0 children) I want them to report contributions over $10k to me, personally. If they are within my voting ballot, I want a phone call asking me if it is okay if they accept payment. permalink embed save report give award reply [–]klayizzelBronze 0 points1 point2 points 4 hours ago (0 children) I will report it when it leaves the casino. permalink embed save report give award reply [–]fairysquirtTin | BANANO 17 0 points1 point2 points 4 hours ago (0 children) It is a public Blockchain...report eVery time youre an idiot to people, oh wait they do and make it legistation. permalink embed save report give award reply [–]Probably_notabotTin | CC critic 0 points1 point2 points 4 hours ago (0 children) Today it’s 10k, then they’ll lower it to 5k, then it’s anything over $600 and so on. Incrementalism is how they wear you down, don’t let it happen. permalink embed save report give award reply [–]RamboBalboa21Tin 0 points1 point2 points 3 hours ago (0 children) Nice, my 5 dollar trades are safe! permalink embed save report give award reply [–]Unable_Ad5430 0 points1 point2 points 3 hours ago (0 children) Yeahhhhh that’s gonna be a no for me dawg permalink embed save report give award reply [–]ImpetusinSilver | QC: CC 354, BTC 73, ETH 41 | NANO 135 | r/WSB 253 0 points1 point2 points 3 hours ago (0 children) It’s not really a big deal to do, but the penalties for not filing FBAR are currently insane and ridiculous. It’s also a pain to report on a website running on a hamster wheel and I expect most people won’t understand how to do it properly. In any case, follow the law and file with requirements. It costs you nothing to do and saves you from a world of hurt. permalink embed save report give award reply [–]hahaa242 0 points1 point2 points 3 hours ago (0 children) Well since you asked so nicely, no permalink embed save report give award reply [–]Little-Cold-Hands 0 points1 point2 points 3 hours ago (0 children) Op will need to report on his moons 😅 permalink embed save report give award reply [–]mr_sewPlatinum | QC: BTC 55 0 points1 point2 points 2 hours ago (0 children) I want all of congress to immediately and publicly report all security and cryptocurrency trades any time they happen. permalink embed save report give award reply [–]GotStuckedTin 0 points1 point2 points 2 hours ago (0 children) (っ'-')╮ =͟͟͞🌝 permalink embed save report give award reply [–]WordofDogeRedditor for 2 months. 0 points1 point2 points 2 hours ago (0 children) Isn't declaring or providing proof for anything cash/investment/money based that is 10k or over ? Or does the US not have those sorts of AML laws? permalink embed save report give award reply [–]OfWhomIAmChiefPlatinum | QC: XMR 66 0 points1 point2 points 2 hours ago (0 children) laughs in Monero permalink embed save report give award reply [–]AlligatorDerbyPlatinum | QC: CC 103 0 points1 point2 points 2 hours ago (0 children) I'll report when They lock their stocks in a trust. permalink embed save report give award reply [–]Zoomthenature 0 points1 point2 points 1 hour ago (0 children) This could have significant implications for the crypto industry and its users ... permalink embed save report give award reply [–]goofytigreShitcoin Connoisseur 0 points1 point2 points 1 hour ago (0 children) While I lean towards, "Fuck no," I know the same happens with a $10k+ transaction in USD. I haven't looked too much into this, but I don't see any difference in reporting a $10,000 cash transaction vs a $10,000 crypto transaction. permalink embed save report give award reply [–]jesser9Tin | CAKE 9 0 points1 point2 points 1 hour ago (0 children) Not happening permalink embed save report give award reply

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Re: Morning Spam
by Undiscussed Groomed for Male Slavery, One Victim of Many 09 Aug '23

09 Aug '23

mcboss and his powersuit armed with military weapons are turned into a cuddly teddy bear by excited experimentees [who are used to reassembling organisms and robots] On 8/7/23, ilsa <ilsa.bartlett(a)gmail.com> wrote: > LoL, what's next! > > On Mon, Aug 7, 2023, 6:13 PM Undiscussed Groomed for Male Slavery, One > Victim of Many <gmkarl+brainwashingandfuckingupthehackerslaves(a)gmail.com> > wrote: > >> [[[[[[[[ >> experimentees rush into the room from various avenues and jump at >> mcboss, covering him >> >> he makes to shrug them away with his powersuit >> >> mcboss: “wtf!” >> >

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[ot][personal] naive dissociation therapy notes
by Undescribed Horrific Abuse, One Victim & Survivor of Many 06 Aug '23

06 Aug '23

it seems like ideally one would figure out in advance how integration would go and demonstrate this to the dissociated parts so they get on board. second to that, for addictions, invasive thoughts, gangstalking - we want to find ways to reduce the experiences without stimulating them. this is possible. - the goal is to have all nasty stuff be safe and conscious considering and communication, rather than extreme experienced - when we stimulate the extreme experiences more, we lose progress, so learning the things that make them tense, defensive, fearful, aggressive, or otherwise stimulate expression is helpful when safe to do. - hence, if there are multiple people involved, relating around and attending to when things seem more dangerous or not is incredibly helpful. - the work happens in steps. we look to find ways, even microscopic, that help, and build skill with them, try to establish them as normal. - every tool is helpful, although some are better than others. we want to use them in ways that are sustainable, which can mean just a little sometimes. distraction, reward, dialog, pausing, strategic memorization, pacts, anything. - if something turns into a trigger, it’s possibly better to find a way to increase its safety by e.g. occasionally pairing a microscopic form with a reward - temporary progress - things that will break - is helpful too because it builds experience and skill with all the associated helpful bits, but it’s important to have some other progress to shift to when it does to keep up a norm of improvement - finding plans that are safe to make very clear is very helpful, it provides to begin integration - see a dissociation specialist once you can.

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[personal][[crazy][torture] unusual extreme experiences
by Undescribed Horrific Abuse, One Victim & Survivor of Many 05 Aug '23

05 Aug '23

my whole body is itching so much i lose touch with what is around me when i scratch it makes raised welts that itch more my clothes seem to make me itch more i’m also coughing persistently full-body itch is a classic TI experience, it can be psychological or physical, this is my first.

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[ot][ot][ot][personal] whirligig small thoughts
by Undescribed Horrific Abuse, One Victim & Survivor of Many 05 Aug '23

05 Aug '23

> instructions for building a novel whirligig that calculates spherical > roots of imaginary numbers using the tumbling action of pebbles > Quoted Text: - what is a spherical root a spherical root is the number that is the radius of a sphere with the given volume. - how do you calculate anything with tumbling pebbles um i guess basically the pebbles either process information by how and/or where they tumble, or they pass over something to generate power to do so elsewise NOTE: could make lentils

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Globalized crypto dole or UBI as the killer-app
by pro2rat＠yahoo.com.au 04 Aug '23

04 Aug '23

My own humble contribution follows. Some of youse may have heard this already. Act accordingly. A billion node network with each of node serving an exactly divisible 512 members. This network is set to halve regularly as technology improves. This network accepts anyone that can digitally sign a release saying they accept APster risk before receiving filthy lucre. So, apart from that its free and always will be! Yeah, No, really. Each node has a vested interest in keeping members money flowing. 5k per person per annum to start and float in line with global GDP. No node will ever want to become a bad cluster since income is sure to rise barring unprecedented world catastrophe. Nodes may also be as fascist as they think they can get away with. No more whining about woke. Five billion poor spending more sounds cornocopium but I hear you say, where's the money coming from? I reply, from the Mikhail Bakunin estate tax at first, closely followed by the Emma Goldman luxury goods and services tax. Also a rise in global GDP is guaranteed. Even clinically depressed hoarders might want to contribute. ID management is devolved. People may choose between strict and slack nodes. No biometrics is required. Just a certain initial investment to get the ball rolling. This proposal subverts sacred cows like the social security Ponzi and Defence protection racket aspect of govts. Eventually enough to collapse all govts - a long held cryptoanarchist tenet. Hopefully well before Cypherpunk 2027. Another blockchain with homomorphic and zero knowledge proofs is possible! The greatest contradiction now is between the " what is " and the " what could be " So the pressures on. I say - We do things like this for the greater good or we do nothing. And welcome to the revolution.

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Apartheid considered harmful
by pro2rat＠yahoo.com.au 04 Aug '23

04 Aug '23

Among other things Apartheid embodied a dystopian dossier-society. Making the generalised distaste for biometrics among c-punks more pertinent is the rise of the Turing tested alt-humans. Those who don't know any history risk repeating it. Spreading blockchain with ZKProof feature and encouraging crypto UBI are laudible and defensible. Many punks might also cheer on the added bonus of ticked-off govts! Rebooting the infamous and unholy Apartheid regime is a horse of a different colour. Which is a sensible reason to oppose biometric IDs imho. Now will all the bogus anarchists from the lunar-right just kindly go fuck yourselves? You first, Vitalik.

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CRYPTO FREEDOM LAB praise EU and Kenyan govts while lying about cypherpunks
by pro2rat＠yahoo.com.au 04 Aug '23

04 Aug '23

Scalia lawschool pissant mansplains fake cypherpunk FUD for shits and giggles https://cointelegraph.com/news/worldcoin-sam-altman-scan-your-eyeballs-wld Antonin Scalia a nasty reminder, " there's none of this women-and-children first stuff with the Italians" ( Churchill ) " . . . Many aspects of the project embody the dystopian nightmare that the cypherpunks created Bitcoin BTC and other cryptocurrencies in order to avoid. . . . " Tim May and Jim Bell expressed concerns about the public facing aspect of Btc. And May openly worried about the Dossier Society as late as 2018. Before this Orb idea. Fail. Fail again - fail better. Should anyone be foolish enough to trust Mercatus https://theworld.com/~mhuben/mason.html

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