Author Topic: Support NanoCard funding your dreams! on HeadTalker!  (Read 23633 times)

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Offline Permie

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I hope it is purely considered positively, as I basically do this because I care, not because I feel I have to :)

Your involvement here is extremely appreciated! +5% +5%

I received my nanocard the other day and I can't wait to activate it once possible via your exchange and definitely use it once it implements bitassets..
+5% +5%

I didn't mean to discourage posting! I was only asking as a matter of protocol
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Offline mf-tzo

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I hope it is purely considered positively, as I basically do this because I care, not because I feel I have to :)

Your involvement here is extremely appreciated! +5% +5%

I received my nanocard the other day and I can't wait to activate it once possible via your exchange and definitely use it once it implements bitassets..

Offline openledger

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Hi CCEDK, I've just noticed that you are a forum moderator.
Is this just limited to the CCEDK sub-forum?

Else I can see a conflict of interest, how do we know there aren't lots of other bts exchanges who have had their posts deleted? ;)
I jest, but I still think it a valid point for concern as the ecosystem grows and competitors enter the space.

Nothing personal against you guys :)

I must admit, have not conidered being moderator on anything else but CCEDK related, so I await for this to be clarified by any of the other moderators like @fav

That being said I believe in competition to make everything best possible, but I also believe in information flow and building an eco system on a step by step basis, or everything will head for so many directions that focus is lost and finally outcome is lost as well. :)

I also realize that I have a tendency to involve myself more than any other exchanges would normally do, so the reason for little amount of forum posts from other exchanges might be based on the definition of commitment from an exchange to the different crypto currencies out there.

In short, just because I might be the only representative from any of your bts exchanges actively posting, I hope it is purely considered positively, as I basically do this because I care, not because I feel I have to :)
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Offline openledger

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Hi CCEDK, I've just noticed that you are a forum moderator.
Is this just limited to the CCEDK sub-forum?

Else I can see a conflict of interest, how do we know there aren't lots of other bts exchanges who have had their posts deleted? ;)
I jest, but I still think it a valid point for concern as the ecosystem grows and competitors enter the space.

Nothing personal against you guys :)

I must admit, have not conidered being moderator on anything else but CCEDK related, so I await for this to be clarified by any of the other moderators like @fav

That being said I believe in competition to make everything best possible, but I also believe in information flow and building an eco system on a step by step basis, or everything will head for so many directions that focus is lost and finally outcome is lost as well. :)
OpenLedger blockchain in services and solutions - https://openledger.info
BitShares explorer: https://bitsharescan.com
BitShares commitee member since 2015

Offline Permie

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Hi CCEDK, I've just noticed that you are a forum moderator.
Is this just limited to the CCEDK sub-forum?

Else I can see a conflict of interest, how do we know there aren't lots of other bts exchanges who have had their posts deleted? ;)
I jest, but I still think it a valid point for concern as the ecosystem grows and competitors enter the space.

Nothing personal against you guys :)
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
BTSDEX.COM

Offline openledger

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And we come back to why are procedures engaged when applying to *credit* being applied on a *debit* card.

That, my friend, is the question.

p.s I'm not saying it's right or wrong, agree or disagree, just want to understand a) the reasoning behind this and b) potential privacy implications for those who apply for level 3.

1. I believe I have already explained in above comments why procedures are engaged as they are for level 3
2. no different to anyone applying for a creditcard
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Offline karnal

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And we come back to why are procedures engaged when applying to *credit* being applied on a *debit* card.

That, my friend, is the question.

p.s I'm not saying it's right or wrong, agree or disagree, just want to understand a) the reasoning behind this and b) potential privacy implications for those who apply for level 3.

« Last Edit: June 28, 2015, 04:00:58 pm by ccedk »

Offline openledger

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Let me rephrase the question in another way.

Which checks happen at level 3 that do not happen at level 2 ?

I cannot tell you really, as it is the bank issuer of the card doing this check, and based on the questions asked to include this I choose to compare this with same procedure asking for a creditcard, allowing you credit on the card for a certain period of time.
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Offline karnal

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Let me rephrase the question in another way.

Which checks happen at level 3 that do not happen at level 2 ?

Offline openledger

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Thank you for the replies Ronny.

I understand that the above is for level 2, what I was wondering about is why the requirement for a credit check on the bank part when you already have the customer identification.

In my understanding (could be wrong) a credit check is about knowing if the person has paid back loans in a timely manner and possibly how many outstanding loans there are right now. All of that seems irrelevant in a situation where the user cannot spend any more than he puts in.

What am I missing?

My explanation is for you to understand that same questions more or less apply to getting the level 3, as would be for applying for a credit card, it does not mean that there is any relation to a credit check as such, and nobody is saying this, but for me if I want explain it, that's the way I see it,hope that makes it more clear.
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Offline karnal

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Thank you for the replies Ronny.

I understand that the above is for level 2, what I was wondering about is why the requirement for a credit check on the bank part when you already have the customer identification.

In my understanding (could be wrong) a credit check is about knowing if the person has paid back loans in a timely manner and possibly how many outstanding loans there are right now. All of that seems irrelevant in a situation where the user cannot spend any more than he puts in.

What am I missing?

Offline openledger

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Could you elaborate further? You already request a copy of an id document and proof of residence, is this not enough ?

And regarding the linked article, are you aware of this and if so, has ccedks' IBAN been flagged, to the best of your knowledge?

How receptive is Denmark to data fishing expeditions?

The above is for a level 2

Again these rules are made by issuer's of card and we cannot as such do much about it. That being said, just becasue we have a level three right now, does not mean we will keep having this in future as well! At CCEDK our aim is to be able in future to create a very nice level of consumption with card on the base of level 2 requirements more or less that is, but we need to have quite a bit more active users to have enough pull to request this.

and I dont know about our IBAN being flagged and doubt it even to be so,

yoour last question, I can only say that in Denmark Privacy regulations and rules are considered with high priority, and only issues suspecting or involving illegal activities set aside any of this.
« Last Edit: June 28, 2015, 10:26:40 am by ccedk »
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Offline karnal

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Could you elaborate further? You already request a copy of an id document and proof of residence, is this not enough ?

And regarding the linked article, are you aware of this and if so, has ccedks' IBAN been flagged, to the best of your knowledge?

How receptive is Denmark to data fishing expeditions?

Offline openledger

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level 3 is based on bank making a credit check/approval on you as a person, similar to getting a normal credit card in the bank, it means it is the same conditions needed to have theapporval as if you were applying for a normal credit card.

What is the reasoning behind this, seeing as no credit is involved?

Also, what is ccedk stance on this? http://www.newsbtc.com/2015/06/26/are-european-banks-keeping-tabs-on-bitcoin-transactions/
[/quote]

Considering the amount of people out there, who is unfortunately havng bitcoins obtained the illegal way! This kind of level 3 validation I feel is needed to insure you are always able to know your customer (KYC) in case of illegal issues. It is like with anything else involving illegal activities, that no matter the agreements or clauses that might protect your privacy all bets are off in case of any suspicion involving money laundering, terror based activities etc. Its not a rule I have created, it does however make me feel good that I am part of limiting these kind of activities. Again, situation has to be severe for informatio to be shared, and at CCEDK our aim is to always follow and abide with the rules an regulations of Denmark. It also means that countries within EC still have their own and separate ways of looking at matters when it comes to bitcoin or crypto related activities.

When it comes to that article you mention, I think that none of us can allow ourselves to be naive to think  that if we change our bitcoins to fiat nobody will ever know about it, so it's important to have your answers ready just in case, but this is just my personal view and opinion on this. As we know this whole spectre of information flow is changing every week, and I think the only way to insure personal success with crypto, as long as fiat as a currncy is needed ,is to play out things and projects in an honest and realistic way always bearing in mind that tomorrow is a new day with new challenges.

« Last Edit: June 28, 2015, 10:12:59 am by ccedk »
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Offline karnal

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@ccedk: I could not find what "Level 3" is. I assume it's a verification level. What else besides proof of residency and id document?

level 3 is based on bank making a credit check/approval on you as a person, similar to getting a normal credit card in the bank, it means it is the same conditions needed to have theapporval as if you were applying for a normal credit card.

What is the reasoning behind this, seeing as no credit is involved?

Also, what is ccedk stance on this? http://www.newsbtc.com/2015/06/26/are-european-banks-keeping-tabs-on-bitcoin-transactions/