Thank you every from IP2 and elsewhere for the surge in donations, we can now afford to upgrade our servers!

submitted by magnora7[A] from self.SaidIt

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[–][deleted] 23 insightful - 1 fun23 insightful - 0 fun24 insightful - 1 fun -  (10 children)

I think you guys should make it more known that you accept BAT token donations as well.

Brave Browser users could easily donate BAT to you straight from the SaidIt homepage.

[–][deleted] 11 insightful - 1 fun11 insightful - 0 fun12 insightful - 1 fun -  (8 children)

I went down this road once, and we have earned some BAT, but the company Brave partnered with makes you do a full dox to withdraw. Maybe I'll take one for the team, but it's a huge turn off.

[–]Drewski 10 insightful - 1 fun10 insightful - 0 fun11 insightful - 1 fun -  (3 children)

Yeah, I like the idea of BAT but this was the biggest issue with them for me also.

[–][deleted] 8 insightful - 1 fun8 insightful - 0 fun9 insightful - 1 fun -  (2 children)

Yeah it really sabotages the whole thing, wtf. It sounds epic on paper.

[–][deleted] 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (1 child)

Unfortunately, it looks like that's the future for crypto, period.. Their argument is..

How do they know who you are? You can be using the currency for terrorism, money laundering, etc. More and more exchanges are adopting KYC & AML regulations, and more states are making it necessary. To the point where it defeats the purpose of cryptocurrency's original intent lol.

https://cointelegraph.com/news/what-crypto-exchanges-do-to-comply-with-kyc-aml-and-cft-regulations

"Part of the United States Department of Treasury, hinted that AML compliance will be fundamental to the stability of crypto exchanges in the coming years: 'We will hold accountable foreign-located money transmitters, including virtual currency exchangers, that do business in the United States when they willfully violate US AML laws.'"

"Yaya Fanusie, the director of analysis for the U.S. Foundation for Defense of Democracies Center (FDD), earlier in September 2018, told the U.S. Congress that terrorist organizations aren't using cryptocurrency as a funding vehicle. However, the U.S. House of Representatives, on Sept. 26, passed a bill that would establish a task force to fight the use of cryptocurrencies by terrorist groups."

[–][deleted] 4 insightful - 4 fun4 insightful - 3 fun5 insightful - 4 fun -  (0 children)

https://i.imgur.com/SjM3yKE.png

[–]Tom_Bombadil 7 insightful - 1 fun7 insightful - 0 fun8 insightful - 1 fun -  (0 children)

full dox to withdraw

F that shit.

Maybe I'll take one for the team

I'm no finance genius, but couldn't you form a trust and remain anonymous trustees, or whatever?

Isn't that how that works?

Cause... Saidit is owned by some dude in the British Virgin islands...

Yep... I'm pretty sure I heard that somewhere...

[–]go1dfish 7 insightful - 1 fun7 insightful - 0 fun8 insightful - 1 fun -  (1 child)

This is unfortunately likely to be unavoidable from a legal perspective while retaining their model of collecting tips for a site before registration.

As usual blame government.

[–][deleted] 7 insightful - 1 fun7 insightful - 0 fun8 insightful - 1 fun -  (0 children)

I blame Brave too. This isn't the first shady thing that's gone on with BAT.

Edit:

It really looks like Brave made this call: https://community.brave.com/t/uphold-kyc-know-your-customer-verification-is-now-required-in-order-to-receive-bat-publisher-payouts/42035

Here on Uphold it says you don't need to verify unless your lifetime transactions are over $1000: https://uphold.com/en/blog/using-uphold-how-to-get-verified

A proposed Uphold alternative, that still requires identity verification: https://brave.com/brave-civic-partnership/

BAT is funded and founded by some Mozilla guys, so I don't know why I expected something better. I'm getting the impression that they're scared of the feds looking into BAT. If everyone insists on pressing the easy button, nothing good will ever happen ever.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Well, I hope you guys have been checking regardless! This is my second month sending you guys tips! If not, at least it'll be sitting in your creator's account hopefully acquiring more value lol!

[–]slithert0r 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

agree with brave/bat we could easily cover everything