Localbitcoins is going down the shit hole

Cewgg said:

Delayed answer but Bisq is a good alternative.

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It's been mentioned in this thread.

They said it's not good. Never tried it though.

Never forget : You can USE bitcoin ANONYMOUSLY and EVERYWHERE.

Each big company who play/played bitcoin transactions in order to make benefit sees regulators asking for more data about their customers. It's a fair smart game for governments.

This happen because such big companies want to keep their place and name up, so they don't have better choice than accept regulations and new laws instead of closing their services. Helping government identify you.

But new entities will soon become big on the market, betting on anonimity, decentralization and freedom + usecases.

Because that's fundamental in Bitcoin, we will always have solution for using it the way we want it to be used.

Bitcoin is from the people, for the people.

It will always keep it's initial promises, but that's to us to build or maintain the services up to be able to enjoy full potential.

If you feel you lose the advantage bitcoin were giving you before, fight against this change and try to find alternative(s). This is how people will survive.

Yo just get some ID Photoshop templates and you are good to go. Not a big deal

SilentDreamer said:

It would seem that the new verification system that they are trying to implement will be complete and utter dogshit just like with any other bitcoin trading platform. Once it's fully implemented people will no longer have a reason to go to Localbitcoins as they might as well register and verify with a corporate company that does the trading themselves rather than peer to peer yet still having to verify with Localbitcoins and then the seller asking for ID verification too. If Bitcoin ever becomes mainstream it will probably have so many laws slapped onto it that it will be just as useless as the current fiat system.

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Of course, I don't know what's wrong with these top crypto exchanges.

They are always implementing new security protocols from KYC to AML. It's getting harder day by day.

People are supposed to be free while using cryptocurrency instead they get slapped everyday by the exchanges.

I dont see it as a problem, unless you are buying in a country like India, where you can end up in jail for that shit.

Nut-Nights said:

I dont see it as a problem, unless you are buying in a country like India, where you can end up in jail for that shit.

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wasnt it made tradding crypto legal just a month back?

TheVigilante said:

wasnt it made tradding crypto legal just a month back?

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What? I didnt see any RBI notification, Can you please link?

Nut-Nights said:

What? I didnt see any RBI notification, Can you please link?

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I remember someone referring to an article not sure it was from RBI

I have one question say I am getting paid in bitcoins can I redeem this in cash into my local bank?

I think governments are forcing them to do these updates.

TheVigilante said:

I remember someone referring to an article not sure it was from RBI

I have one question say I am getting paid in bitcoins can I redeem this in cash into my local bank?

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Just read the article, it was Supreme court lifting the RBI hammer. In that case. Yes, you can redeem it to your bank without any issue. They are still not legal or illegal in India according to our different laws. lol

Now bitcoun 10k