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Can I ask Ebay to provide me 10x leverage on my pokemon card, to buy other pokemon cards? You can on many exchanges. Can I go to Ebay with my newly created "Fo

Can I ask Ebay to provide me 10x leverage on my pokemon card, to buy other pokemon cards? You can on many exchanges. Can I go to Ebay with my newly created "Fokemon" cards. Sell them to myself for pennies on the dollar in bulk. Generating demand from those thinking "Fokemon" is the new craze, and dump my supply making millions. While EBay lists my "Fokemon" cards to it's userbase while also taking a cut of a large "Fokemon" stash ("ICO"). This happened on MANY exchanges. Can I go to Ebay and sell 100s of thousands of dollars of merch which was bought with North Korean money? Well you can on many exchanges. Heck some exchanges don't require KYC for the first 1 BTC!!! per 'account'. Ebay does not let the same human seller open tons of seller accounts. In fact there's a black market of Ebay sellers asking 3rd parties to open accounts on behalf of them. So while there's some similarities, the difference is in respect to money laundering and fraud. Ebay actually tries to enforce both, where-as many exchanges often encourage both.

dehrmann 4y ago
> Can I go to Ebay with my newly created "Fokemon" cards. Sell them to myself for pennies on the dollar in bulk. It might take a little effort with shell companies, but yes. A long as it's clear they're not Jokemon cards.
charcircuit 4y ago
>Can I ask Ebay to provide me 10x leverage on my pokemon card, to buy other pokemon cards? EBay isn't a payment provider. You can get leverage from PayPal or a credit card company. >Can you list a new product and buy them from yourself Yes, it's possible. Why not make ads hyping up your products instead? >Can I go to Ebay and sell 100s of thousands of dollars of merch which was bought with North Korean money? Yes.
- nl 4y ago
  > EBay isn't a payment provider. You can get leverage from PayPal or a credit card company. Which is why PayPal and credit providers are regulated...
npalli 4y ago
It used to be crypto guys had some high idealistic goals of giving financial access to the downtrodden and oppressed people of the world. Now that most of these schemes have been proven to be a result of ZIRP and straight up fraud, the argument nowadays is just that there is borderline illegal activity everywhere and people lose money gambling and doing stupid stuff anyways, why can't we do such borderline stuff and make money off people? Not even trying to pretend to be good guys, sad.
Proven 4y ago

dehrmann 4y ago

> Can I go to Ebay with my newly created "Fokemon" cards. Sell them to myself for pennies on the dollar in bulk. It might take a little effort with shell companies, but yes. A long as it's clear they're not Jokemon cards.

charcircuit 4y ago

>Can I ask Ebay to provide me 10x leverage on my pokemon card, to buy other pokemon cards? EBay isn't a payment provider. You can get leverage from PayPal or a credit card company. >Can you list a new product and buy them from yourself Yes, it's possible. Why not make ads hyping up your products instead? >Can I go to Ebay and sell 100s of thousands of dollars of merch which was bought with North Korean money? Yes.

nl 4y ago
> EBay isn't a payment provider. You can get leverage from PayPal or a credit card company. Which is why PayPal and credit providers are regulated...

npalli 4y ago

It used to be crypto guys had some high idealistic goals of giving financial access to the downtrodden and oppressed people of the world. Now that most of these schemes have been proven to be a result of ZIRP and straight up fraud, the argument nowadays is just that there is borderline illegal activity everywhere and people lose money gambling and doing stupid stuff anyways, why can't we do such borderline stuff and make money off people? Not even trying to pretend to be good guys, sad.

Proven 4y ago