the_stc

14 ms·

91.
by the_stc 9y ago
Yep. And then Filecoin doesn't even sell equity! It's gross. With our company we're trying to do right by investors. We're completely in violation of the SEC memo. In fact, that's what galvanized us to 100% offer sh
92.
by the_stc 9y ago
Yet ignores the founders of zCash saying they can make a backdoor for police and make it too traceable for criminals. >Green says that he and his fellow researchers are not interested in facilitating criminal activity with Zerocoin. &quo
93.
by the_stc 9y ago
Only when you opt-in to using shielded transactions. Which up until the recent upgrade took a ton of CPU power and RAM to do. Combine that with two of the founders saying they're OK with backdoors (Green) and making it too traceable fo
94.
by the_stc 9y ago
We're not even launched, but have been contacted by one escort-assistant type person that does workshops/classes on how to put yourself through school using sex work. Seeing what academics get paid, I would not be surprised at all
95.
by the_stc 9y ago
The best explanation I've found, without getting into the math, is this one on the Monero StackExchange: https://monero.stackexchange.com/questions/5682/how-do-i-use...
96.
by the_stc 9y ago
Sending coins to yourself, aka churning, might not work so well after all, according to the latest MRL report. They say: " We at the Lab previously thought that one possible solution to knacc's described attack would be churning,
97.
by the_stc 9y ago
A well designed mixer would not be so easy to detect. In a perfect world, you'd have matching clients all the time, and the only contamination is the fee being siphoned off. If the fee is managed well it could be very difficult to dete
98.
by the_stc 9y ago
Except no large systems support receiving shielded zcash transactions because of the CPU and RAM involved. They recently made some improvements, but it still takes many seconds of solid CPU time. Maybe in the future it'll be fast enoug
99.
by the_stc 9y ago
ZCash is ideal, theoretically. If they get the performance amped up so that private transactions don't take forever, it could really work cause they could make privacy mandatory. Though a 10% tax of all coins is rather questionable. Th
100.
by the_stc 9y ago
We are worried about the SEC as much as we're worried about any government action. We're operating very tightly. It's a travesty that some of these companies raise millions without giving up equity, voting, or dividends.
101.
by the_stc 9y ago
Even Monero isn't completely private. If you use an exchange to get in an out of Monero, they can probably link your transactions given an approximate timeframe. Until we have serious ringsizes this will remain an issue.
102.
by the_stc 9y ago
A few maybe. It's definitely the reason we (Pink) went ICO for funding, to be able to raise money because real-world contacts didn't like the potential link to funding our venture.
103.
by the_stc 9y ago
Monero is also not quite untraceable with the defaults. It requires understanding Monero a bit, and spending days churning your coins. The idea that Monero is so unlinkable is horrible marketing and is going to get someone busted.
104.
by the_stc 9y ago
Your account will almost certainly be frozen until you show up and convince the bank you're not a money launderer. Given the complexity of AML laws, you probably actually are at that point. And therefore the conversation with the bank
105.
by the_stc 9y ago
You're totally traceable. Always assume third party records are public. We're working on a guide for people to invest anonymously with us. It's not so simple. Monero is great, but their current defaults are too low to guarant
106.
by the_stc 9y ago
It's telling that the author had to use Ethereum as an example. It's just really hard to find good ICO examples that make sense and have a real business. Most ICOs have a hard time justifying their token. Some are obviously just s
107.
by the_stc 9y ago
Theoretically you're right. In practice no jurisdictions are actually carrying out a denial of service on escorts. They could. They could buy ads and people to comply and turn over intel and on and on... yet they don't. There&#x27
108.
by the_stc 9y ago
It's a lot easier than you think. The basic outline is: >people want money >we give them money We already even have debit cards by hiring other people to set them up.
109.
by the_stc 9y ago
You're correct, this can be subverted. Though it would not last very long. The thing many people seem to forget when talking to us is that this business is already happening. People are working off classified ad sites, like eros.com. T
110.
by the_stc 9y ago
>If you have no issue with breaking the law We have no issue breaking an unfair, unjust law that actively hurts people. Example: A judge ruled that the gang-rape of a sex worker was merely "theft of services".
111.
by the_stc 9y ago
Almost: At first the app will be a PWA so that users can use iOS. But yes, the provider side will eventually end up as Android-only app. These are not really tokens, they are dividend-generating shares that will optionally be recorded via E
112.
by the_stc 9y ago
The vast majority of our contractors are going to be hired in a trustless manner and do not pose a risk to Pink itself. The only people that do are well-known, trusted, people that have been though previous projects. As far as getting the m
113.
by the_stc 9y ago
We already have a core team, and 2 other trustworthy, known, not-first-time, people to bring on. The rest will be hired in a fully trustless fashion. Unlike other ICOs[1], we're offering shares with dividends. Plus, we have an actual,
114.
by the_stc 9y ago
It's not chilling, why do you say that? As part of the onboarding process, the worker will perform sample services. We will pay them for this (along with referral fees if they were referred). Having sex with people is what a sex worker
115.
by the_stc 9y ago
>The few jurisdictions where it is legal, it is extremely regulated, and they don't mess around with the rules surrounding it. That is why we are not relying on any specific jurisdiction but operating extrajurisdictionally. This is
116.
by the_stc 9y ago
We're only raising a Series A right now. To globally expand, we're going to need to blockchain IPO, aimed at January when the first city is running. We are holding back a chunk of stock for secondary offerings because we may need
117.
by the_stc 9y ago
Legalization and regulation. Require a license and periodic reviews. Just having easy, legal, sex available means a lot of the revenue dries up, which makes it harder to run the illegal operations.
118.
by the_stc 9y ago
The real way to fight trafficking is legalization and regulation, including interviews with sex workers to detect coercion, then followups to help them. Since fixing the laws is going to take a while, we've taken it upon ourselves. We&
119.
by the_stc 9y ago
Yes and they will come down on The Erotic Review and others next. (Which is OK, TER is terrible for sex workers and reduces their safety.) As for tear-avoidance: https://medium.com/@PinkApp/pink-app-trading-latency-for-
120.
by the_stc 9y ago
There are few jurisdiction where everything relating to prostitution is legal. And once you operate in countries where it's not, you're opening yourself up to attacks and really relying on some country to not be convinced to extra

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