Will never happen. Anything crypto related in Canada has to be registered as an MSB (money servicing business) with Fintrac (Canada's financial intelligence unit). This means a shit ton of work that I doubt anyone here wants to deal with.
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But why? Like why do any of this? Not everything needs to be on a blockchain and all this info is public anyways. There is zero need for the site to be associated with anything dealing with crypto.
It doesn't need to be official or be somewhere specific.
Then why involve SG in the first place? Who do you think is going to be the first one questioned about the existence of a cryptocurrency that is directly related to the site but is somehow not a part of it?
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Ya but a lot of those cryptocurrencies were made ages ago. Bitcoin is from 2009, Ripple is 2012 and Dogecoin is 2013. Ethereum is kinda still new at 2015 but still before these new laws were coming into effect. The 5th directive was introduced in May 2018 and FATF didn't finalize their position till June 2019. These standards are still very new, but they are here to stay and they make dealing in crypto a lot more challenging.
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Reselling games is the same thing as any grey market except you are doing it with digital licenses. The act of selling something that you own is perfectly fine but it is most likely against the terms of the license. Therefore, the disagreement is not between you and the government, but you and company who issued the license. The license is not being used as a currency, but as a good to be sold in exchange for currency.
The problem with cryptocurrency, is the fact it is increasingly becoming regulated and will be a fucking nightmare to handle. If we are talking about the site doing something similar to the Steam's point store, that is one thing and would be perfectly fine (maybe). But the very fact that it is a virtual currency, which would be free to trade among users and would probably fit nicely with the EU's 5th directive definition or Fintrac's would put us in some deep shit. Like SG would now need an AML program, a chief AML officer (CAMLO) in charge of that program, and would have to meet with regulators and be able to answer to them when asked. It is just not worth the headache and I honestly don't understand why the site would need or want to do it in the first place.
The days of crypto being the wild west is long gone. Regulators are taking it seriously and unless your business has crypto at its core, it is just not worth it.
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The days of crypto being the wild west is long gone. Regulators are taking it seriously and unless your business has crypto at its core, it is just not worth it.
QFT
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Thanks for Skyrim
Im waiting for the PotatoCoin to come back https://coinmarketcap.com/pt-br/currencies/potatocoin/
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CV couldn't be used as proof of work because the timing and frequency of giveaways is not enough for regular blocks to be mined, also CV is calculated centrally and not a complex mathematical equation. Proof of stake maybe, though all the voting power would be in the hands of a few top contributors and it would still be dependent on a centralized backend.
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I find it rather annoying that the poll does not actually address the question of the OP.
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Hmm, now that does´nt sound like something i might be interested in. I more or less fell asleep after reading a portion of their FAQ yesterday. I´ve one Q for you: Were you plotting or farming? Bcuz if plotting proves to be a ressource hog, i definately don´t wanna ruin my external cloud with it too :E
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Dear god don´t give them ideas lol!!!!
If i were a clever person now, i´d be begging all me mates trash phones and somehow arrange them into a raid for profits.
Other than that, farewell MSRP storage device prices for the forseeable future aswell. Me not getting into it with spare coin change does´nt mean some whale is´nt sitting on 100k´s worth of possible +400% beer money :E
But that RAM thing? If that works, then the market is royally f......
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