well said

some gamblers may know these rules very well but it doesn’t mean they uphold these principles as strictly as they should be doing. sometimes they just don’t care and prioritizes what they want more than what they need

I can understand some people such as traders losing money on an exchange, but for the rest not really. This goes against the basics of Bitcoin. Not your keys, not your coins. If you have kept coins on an exchange, then you have used Bitcoin wrongly. Harsh, but the reality. In a different but similar way you can imagine the following. One night you decide to leave the door to your house unlocked. Nothing happens. You decide to do it again because locking the door is annoying and takes precious time. Nothing happens for a great many nights. Then one night you get robbed, and you blame everything and everyone besides yourself that you got robbed. Do you understand it now?

I do not have anything to do with exchanges, and I hate KYC so you are entirely mistaken about me. I try not to be biased and evaluate things that I do not like as well in an objective way. You can debate responsibility subjectively to some extent, but you can't subjectively debate the lack of competitors. Why have practically none of these lawsuits ever been won? This isn't just about swap services like ChainNow which I can give you points for being harder to sue but there are these kind of nightmare stories about even the most regulated exchanges like Coinbase. Do you think it is hard to sue Coinbase? If the users are right about these claims, then they should be winning easily. Further, you are completely ignoring my core argument because it is an inconvenient truth. 




The argument was not about this. The argument was whether shotgun KYC is scamming or whether they are forced to do it like this. I argue the latter with various ways, many people just argue the former with weak reasons. I do agree with you though, it shouldn't be marketed like this and it is wrong. However, most marketing in altcoin land is a scam so you can call it business as usual. 

I think even when you manage to have such a high self-control and are religiously disciplinated as a person still going for a gambling session can pose great risks. I know that such persons know the basic stuff and even further than that yet still can become prey of losing control because of many factors. Everyone including these guys who have a huge self-control are not immune from emotions and exactly these emotions can play great tricks on human mind which can lead to even such strong virtue persons to lose control in their gambling session. In gambling the only ones safe are those who don't venture into it.

I couldn't agree more.
What's happening is they're displaying that fancy "no-KYC" banner just to attract customers while enforcing it silently under the hood.
If a Swap Service doesn't have a choice but to enforce KYC requirement, they shouldn't advertise themselves as "no-KYC exchange" or at least mention it in their TOS that the user complied with.
An honest exchange should be transparent on what they're enforcing. (even though it's hard to find like a single line in the exchange's terms of service, that still counts)

There are two cases here:

• It's the user's fault if he didn't read the service's TOS, Privacy Policy or FAQs where it's stated the above.
• Or the service is a scam/honeypot/mismanaged if the user doesn't agreed to a TOS that they may enforce "ShotGun KYC".

Yes, I will gladly tell them because they are the ones at fault. Deal with it, stop running away from responsibility. Read the terms of service before you send your money away to something. If you believe that you have been wronged, then go ahead and sue. I wonder why practically no allegedly scammed party tries to sue. 

Everything is the user's fault, nobody was forcing them to do this. If you don't understand the risks of your actions, you are entirely to blame. Nobody else but you.

People don't just gamble because they want to make money. Many gamblers play to get a thrill during the gambling session and are willing to pay for it. Everyone has their own preferences for how they get their dopamine and adrenaline rush. Some people go to nightclubs, get drunk, and try their luck there, some participate in street races, and some gamble. All of these activities provide excitement, and all of them require money.

I believe that it is necessary not only to budget for entertainment expenses but also to be able to limit these expenses.

Have you considered the following two possibilities. First, they may not be legally allowed to tell you much. Second, if they reveal all the things that flags their system then it becomes easy to bypass it?

I have probably not seen those posts, but what do you want these services to do. As I said in my full post, it is either over comply or get shut down. Instead of blaming exchanges, why not blame the right parties? The politicians that made these laws?

It is extremely oversimplified. By young adults I understand it in terms of flexibility. A young person is way more flexible regarding job switching, moving places, less responsibilities etc. The one part I don't understand is renters, who have to pay a fixed amount each month and which could increase in the future. On top of that, rents have gone through the roof due to the rise of Airbnb's in major cities, while you also run the risk of seeking a new property at any time. As for the rest, I do agree in some degree, but I'd also like to point out that everything is subjective in this world.

Yeah thanks for the help i will do my own research on orangefren and similar sites. A lot of sites/exchanges i feel when they go big they scam people and they just put it down as a "hack" and dissappear for a bit.

It is interesting because I exclusively only use ChangeNOW and SimpleSwap and didn't have a single issue to date. What exactly do you think that they are supposed to do if their risk system flags your transaction?

The same thing happens with exchanges, yet somehow people keep singling out the swap services. There are countless nightmare stories for most exchanges on Reddit.

Yeah, exactly. With so many people holding Bitcoin indirectly, it's hard to track real adoption. But one thing’s clear—we’re still early, and the growth potential is huge.

And they almost did it isn't it. In that series, no one thought that they will extend the series to game 7 and I must admit that I'm one of those who saw it like that. But then when they on the first game, I started to bet on them and won some money as well. But when we look at the data, the Pacers are really a big underdog, but still we uses our gut feeling and thinking that they can win the championship. It might not be that bad though, as sometimes our gut will work and can give us some money. But it seems that if we uses our educated mind, then it should be data. But there's nothing wrong with using our gut feeling sometimes, it's part of our emotions and there are times that we really go and follow that despite what the numbers are saying to us.

To be fair there are two possible scenarios. Scenario 1, bitcoin adoption is still quite low and that shows its potential is still huge because as adoption increases, demand increases, the price can reach levels beyond our imagination. Scenario 2, although BTC is still being adopted strongly, there are still not many people investing in it, which means the world may not be as enthusiastic about bitcoin as we think.

Like in the area where I live, almost everyone has heard and knows about bitcoin but the percentage of people interested and wanting to invest in it is still very limited. They still prefer gold, stocks or real estate. This leaves me with two thoughts: are they really still waiting for things to become clearer or are they really not interested in bitcoin?

That’s the only thing here, as an investor during recession gold or bitcoin which is an hedge against inflation can be a good store of value but most people fail to understand that this is possible if you’re only holding them, but during recession if there are challenges in other investors source of income it affects his holding position or ability of these assets, so to completely been able to hold you will definitely need to be having emergency funds aside this.


I think the tag should be single people because even some young adults most of the time have immediate family to Carter for, but it’s flexible to change one’s living arrangement when not be been dependable upon

In our day and age, profit is seen as everything.

All the rest are the details that may be swayed off if needed.

Unfortunate, yet true.

My thoughts so. They must have heard of this Digital Gold as how they see Bitcoin due to the news from finance channels. These Finance channels doesn't discuss about how, why and where to use Bitcoin because all they know is that price is going to go up.

A few probably knows how to use Bitcoin. If a few users will send his coins to his own wallet in his computer, then they must have know. Crossing border seem to be common since Biden and then now withe wars going on, I think Bitcoin will be useful in crossing borders.

Yeah, makes sense. It's a good way to stop people from gambling too much but there are some countries that have outrageous taxes on gambling which basically lead to a lot of illegal betting/gambling. I am all for gambling taxes as long as they are reasonable and people don't feel they are being looted in the name of tax.

Heard in some countries there is actually 30-40% tax on winnings, that's crazy!

Bitcoin was made so many people can control their money without the government controlling it. Now if the govt. start abusing their citizen in the name of taxes, soon people will move to a dex gambling site that can't be traced or taxed upon.

We should know the term of "investors" in this case are people who have a lot of money and invest in many assets. Not someone who only have $10K and invest it in Bitcoin.

I think it's because young adults are mostly not getting married yet, hence they're flexible to upgrade or downgrade their life quality, they also have a big amount of savings. Mid or old adults already married, they have to reach minimum amount per month to pay the bills. Imagine if they get fired, of course they won't survive in recession.

I agree, rentee is having more power than the renter, if renter not agree with what the rentee is asking, they can easily kick the renter.

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