EVGA

Scalpers say the press treats them unfairly; they are a 'valuable industry'

Page: < 1234 > Showing page 3 of 4
Author
Womble560
New Member
  • Total Posts : 53
  • Reward points : 0
  • Joined: 2019/05/26 00:59:05
  • Location: UK
  • Status: offline
  • Ribbons : 0
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/26 02:33:49 (permalink)
So all these company's have created a perfect storm so to speak. Not enough production. No warehouse space. Loss of personnel to run these plants. The race to the bottom has started. We are promised so much in all the adverts , company spin but they have delivered so little. What got me annoyed yesterday was the adverts for the rtx 3060 card with no prices on them with a disclaimer they are waiting for a price to be shown later. In other words waiting to see what prices are out there before they scalp us. Terrible way to do business which i for one will not forget. I will deal directly with company's now and cut out the middleman. As said at start A PERFECT STORM .
#61
Bobmitch
Omnipotent Enthusiast
  • Total Posts : 8334
  • Reward points : 0
  • Joined: 2007/05/07 09:36:29
  • Status: offline
  • Ribbons : 47
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/26 05:48:12 (permalink)
Microcenter is actually scalping the 3060's that they have.  With  MSRP at $329.00 for some models...cheapest one at MC is $499.99.  Seems like everyone is getting in on this

MSI MAG X670-E Tomahawk;  Ryzen 7 7800X3D; Asus TUF RTX 4070 TI OC; Seasonic Vertex GX-1000 PSU; 32 GB  Corsair Vengeance DDR5-6000 CL30 RGB; Corsair iCue Link H150i LCD 360MM AIO; 2-Western Digital Black 4 TB SN850X NVMe; Creative SoundBlaster Z;  Lian Li Lancool III; EVGA Z15 Keyboard; Razer Viper 8K Mouse


Heatware:  http://www.heatware.com/eval.php?id=72402    Affiliate code: 1L2RV0BNQ6                                          
Associate Code:  UD82LJP3Y1FIQPR
 


#62
Nereus
Captain Goodvibes
  • Total Posts : 18926
  • Reward points : 0
  • Joined: 2009/04/09 20:05:53
  • Location: Brooklyn, NYC.
  • Status: offline
  • Ribbons : 58
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/26 05:50:47 (permalink)
 
bobmitch
Microcenter is actually scalping the 3060's that they have.  With  MSRP at $329.00 for some models...cheapest one at MC is $499.99.  Seems like everyone is getting in on this


That's disgusting. I would think that would be breach of contract with EVGA because it makes their brand look overpriced.
 
edit: I just checked out microcenter online - you must have been looking at the 3060 Ti prices... the 3060 XC Gaming is there for $389 which is correct pricing.
 
 
 
post edited by Nereus - 2021/02/26 05:54:25


  BUILD 1 2   |   MINI-ITX BUILD   |   MODSRIGS $1K WIN   |   HEATWARE 111-0-0   |   ASSOCIATE CODE CSKKXUT5Q9GVAFR

#63
rsabatino
FTW Member
  • Total Posts : 1169
  • Reward points : 0
  • Joined: 2010/02/04 14:00:46
  • Location: new jersey usa
  • Status: offline
  • Ribbons : 6
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/26 06:00:03 (permalink)
when I worked in the electronics dept. of Walmart people would come in buy up 50 to 60 Ipads and sell them to people and to businesses from their stores. at double the price. two years ago we had a sweet deal with a whole razer kit for around $179.00 keyboard, headphones, mouse, and mouse pad they bought all up including our HP computers with Nvidia GPUs installed. I think they were 1650 cards.
post edited by rsabatino - 2021/02/26 06:04:03

Operation System   Microsoft Windows 11 Pro    Processor   AMD Ryzen 9 5950X 16-Core Processor    Memory   24.2 GB Free (31.9 GB Total)    Graphics Card   NVIDIA GeForce RTX 3070 Ti (8.0 GB)    Monitor   HP 32 Display (1920 x 1080 @ 60 Hz)    Disk Storage   5240.5 GB Free of 6542.2 GB    Audio   NVIDIA High Definition Audio    Motherboard   ASUSTeK COMPUTER INC. (ROG CROSSHAIR VIII HERO (WI-FI))    Mouse   Razer BlackWidow V3 Tenkeyless    Keyboard   Razer Viper
 
#64
Bobmitch
Omnipotent Enthusiast
  • Total Posts : 8334
  • Reward points : 0
  • Joined: 2007/05/07 09:36:29
  • Status: offline
  • Ribbons : 47
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/26 09:47:22 (permalink)
Nereus
 
bobmitch
Microcenter is actually scalping the 3060's that they have.  With  MSRP at $329.00 for some models...cheapest one at MC is $499.99.  Seems like everyone is getting in on this


That's disgusting. I would think that would be breach of contract with EVGA because it makes their brand look overpriced.
 
edit: I just checked out microcenter online - you must have been looking at the 3060 Ti prices... the 3060 XC Gaming is there for $389 which is correct pricing.
 
 
 




These are not TI's

Attached Image(s)


MSI MAG X670-E Tomahawk;  Ryzen 7 7800X3D; Asus TUF RTX 4070 TI OC; Seasonic Vertex GX-1000 PSU; 32 GB  Corsair Vengeance DDR5-6000 CL30 RGB; Corsair iCue Link H150i LCD 360MM AIO; 2-Western Digital Black 4 TB SN850X NVMe; Creative SoundBlaster Z;  Lian Li Lancool III; EVGA Z15 Keyboard; Razer Viper 8K Mouse


Heatware:  http://www.heatware.com/eval.php?id=72402    Affiliate code: 1L2RV0BNQ6                                          
Associate Code:  UD82LJP3Y1FIQPR
 


#65
Nereus
Captain Goodvibes
  • Total Posts : 18926
  • Reward points : 0
  • Joined: 2009/04/09 20:05:53
  • Location: Brooklyn, NYC.
  • Status: offline
  • Ribbons : 58
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/26 12:01:26 (permalink)
 
Thought you meant EVGA cards.
 


  BUILD 1 2   |   MINI-ITX BUILD   |   MODSRIGS $1K WIN   |   HEATWARE 111-0-0   |   ASSOCIATE CODE CSKKXUT5Q9GVAFR

#66
Bobmitch
Omnipotent Enthusiast
  • Total Posts : 8334
  • Reward points : 0
  • Joined: 2007/05/07 09:36:29
  • Status: offline
  • Ribbons : 47
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/26 13:32:10 (permalink)
Nereus
 
Thought you meant EVGA cards.
 




All stock completely sold out in most MC's .  Unbelievable!  There are lots showing up on Ebay.  I would love to see scalpers eat their cards!!!
 
 

MSI MAG X670-E Tomahawk;  Ryzen 7 7800X3D; Asus TUF RTX 4070 TI OC; Seasonic Vertex GX-1000 PSU; 32 GB  Corsair Vengeance DDR5-6000 CL30 RGB; Corsair iCue Link H150i LCD 360MM AIO; 2-Western Digital Black 4 TB SN850X NVMe; Creative SoundBlaster Z;  Lian Li Lancool III; EVGA Z15 Keyboard; Razer Viper 8K Mouse


Heatware:  http://www.heatware.com/eval.php?id=72402    Affiliate code: 1L2RV0BNQ6                                          
Associate Code:  UD82LJP3Y1FIQPR
 


#67
Womble560
New Member
  • Total Posts : 53
  • Reward points : 0
  • Joined: 2019/05/26 00:59:05
  • Location: UK
  • Status: offline
  • Ribbons : 0
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/09 03:37:07 (permalink)
Just looking on FleaBay and there is a lot of RTX 3060 cards for sale now. Seems the anti mining software has hit these cards hard that the scalpers have for sale. A week ago anything was selling like hot cakes. Not so much now. Give it a few more weeks and i think it should settle down. It should be interesting on March 18th when new AMD RX 670 XT card is launched. Maybe if most of us gamer types got to buy one of these cards from the competition maybe it will jolt the powers to be at NVIDIA to start to build more so we have a choice. Not holding my breath but i live in hope. Interesting times for sure.  
#68
Daviddswenson
Superclocked Member
  • Total Posts : 159
  • Reward points : 0
  • Joined: 2021/02/23 20:45:38
  • Status: offline
  • Ribbons : 0
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/09 16:15:34 (permalink)
Surprises me MC is doing that. There are plenty of places not doing that. Are you sure it’s not an MSI and Zotac problem though?

10900K
EVGA Z590 FTW
1000W G5
EK AIO Elite 360
1TB WD_Black SN750
Lian Li O11 Dynamic
 
12G-P5-3968-KR 6/3/2021 8:02:05 AM PT No
12G-P5-3967-KR 6/3/2021 7:44:09 AM PT Yes
#69
Daviddswenson
Superclocked Member
  • Total Posts : 159
  • Reward points : 0
  • Joined: 2021/02/23 20:45:38
  • Status: offline
  • Ribbons : 0
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/09 16:28:08 (permalink)
Also the scalpers are the worst.

10900K
EVGA Z590 FTW
1000W G5
EK AIO Elite 360
1TB WD_Black SN750
Lian Li O11 Dynamic
 
12G-P5-3968-KR 6/3/2021 8:02:05 AM PT No
12G-P5-3967-KR 6/3/2021 7:44:09 AM PT Yes
#70
veganfanatic
CLASSIFIED Member
  • Total Posts : 2119
  • Reward points : 0
  • Joined: 2015/06/20 18:08:41
  • Status: offline
  • Ribbons : 1
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/09 17:11:20 (permalink)
Daviddswenson
Also the scalpers are the worst.

 
They are down there with politicians and used car salesman

  


Corsair Obsidian 750D Airflow Edition + Corsair AX1600i PSU
My desktop uses the ThinkVision 31.5 inch P32p-20 Monitor.
My sound system is the Edifier B1700BT
#71
phantomshroom
Superclocked Member
  • Total Posts : 124
  • Reward points : 0
  • Joined: 2013/11/02 19:19:55
  • Location: Canada
  • Status: offline
  • Ribbons : 2
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/09 17:56:51 (permalink)
My employees informed me last week  of some shady scalpers in our metro area downtown that were apparently advertising on various social media sites & Kijiji, etc. They advertised what appeared to be legit stuff from a normal person but in the end they chose random places to meet up with potential buyers that either texted or called them.
 
I looked into it & followed the bread crumb trail they left & then informed my friends in the local police. We went to various locations & nailed 4 of the bast*%ds & they were arrested & charged. When they searched their premises, they discovered hundreds of retail boxes of various items in each of the 4 criminal scalpers homes. Items ranged from Playstations, Xboxes, high end stereo equipment, computers, laptops, hdd/ssd & tons of various video cards from different manufacturers. My police friend said they were all recent video cards & all still had their store labels on them. This only happened last week & their investigations are still ongoing.
 
They are checking to see if any stores were robbed, or had shipments delayed/missing, or whether this was an inside job.
As I mentioned in my previous posts about scalpers, the charges can't be appealed because in Canada, every municipality has their own laws with regard to permits & licenses. You must have them else you face long prison terms. The main reason you need them is if you sell something, you must charge taxes & claim them to government. Scalpers don't charge you HST/GST so government is losing out :)
I hope this arrest places all those stolen goods back on the shelves such that regular folk can buy them :)
My employees & I are always actively on the lookout for scalpers & to-date, we've taken several hundred off the street & into prison. I hope to change that number to trillions of scalpers in prison :)
#72
veganfanatic
CLASSIFIED Member
  • Total Posts : 2119
  • Reward points : 0
  • Joined: 2015/06/20 18:08:41
  • Status: offline
  • Ribbons : 1
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/09 18:48:38 (permalink)
phantomshroom
My employees informed me last week  of some shady scalpers in our metro area downtown that were apparently advertising on various social media sites & Kijiji, etc. They advertised what appeared to be legit stuff from a normal person but in the end they chose random places to meet up with potential buyers that either texted or called them.
 
I looked into it & followed the bread crumb trail they left & then informed my friends in the local police. We went to various locations & nailed 4 of the bast*%ds & they were arrested & charged. When they searched their premises, they discovered hundreds of retail boxes of various items in each of the 4 criminal scalpers homes. Items ranged from Playstations, Xboxes, high end stereo equipment, computers, laptops, hdd/ssd & tons of various video cards from different manufacturers. My police friend said they were all recent video cards & all still had their store labels on them. This only happened last week & their investigations are still ongoing.
 
They are checking to see if any stores were robbed, or had shipments delayed/missing, or whether this was an inside job.
As I mentioned in my previous posts about scalpers, the charges can't be appealed because in Canada, every municipality has their own laws with regard to permits & licenses. You must have them else you face long prison terms. The main reason you need them is if you sell something, you must charge taxes & claim them to government. Scalpers don't charge you HST/GST so government is losing out :)
I hope this arrest places all those stolen goods back on the shelves such that regular folk can buy them :)
My employees & I are always actively on the lookout for scalpers & to-date, we've taken several hundred off the street & into prison. I hope to change that number to trillions of scalpers in prison :)




No real surprise to find a pile here and there
 
I am so despondent over the BS I have abandoned hope of a new video card. Maybe when the second coming happens......
 

  


Corsair Obsidian 750D Airflow Edition + Corsair AX1600i PSU
My desktop uses the ThinkVision 31.5 inch P32p-20 Monitor.
My sound system is the Edifier B1700BT
#73
Daviddswenson
Superclocked Member
  • Total Posts : 159
  • Reward points : 0
  • Joined: 2021/02/23 20:45:38
  • Status: offline
  • Ribbons : 0
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/09 19:09:54 (permalink)
I’m right there with you, there needs to be a lost hope gpu support thread.

10900K
EVGA Z590 FTW
1000W G5
EK AIO Elite 360
1TB WD_Black SN750
Lian Li O11 Dynamic
 
12G-P5-3968-KR 6/3/2021 8:02:05 AM PT No
12G-P5-3967-KR 6/3/2021 7:44:09 AM PT Yes
#74
phantomshroom
Superclocked Member
  • Total Posts : 124
  • Reward points : 0
  • Joined: 2013/11/02 19:19:55
  • Location: Canada
  • Status: offline
  • Ribbons : 2
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/09 20:18:42 (permalink)
veganfanatic
 
No real surprise to find a pile here and there
 
I am so despondent over the BS I have abandoned hope of a new video card. Maybe when the second coming happens......
 

Have faith & think positive because even though I am not religious, I truly have faith & believe that YOU & everyone else here in the forums will get their EVGA products soon enough :)
Take care my friend :)
#75
Womble560
New Member
  • Total Posts : 53
  • Reward points : 0
  • Joined: 2019/05/26 00:59:05
  • Location: UK
  • Status: offline
  • Ribbons : 0
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/14 03:28:18 (permalink)
Just looking through the pages showing prices in the Uk of the price rises over last few months. We talk about scalpers on eBay etc but now the avenues we buy from have started to scalp. I was a manager of retail outlets years ago and had prices we had to adhere to. Seems they just throw a price in the air nowadays to see where it lands. I posted before about company's not having warehouses to carry stock and rely with ontime delivery's , Seems the manufactures have taken the same attitude now with producing the products. So the race to the bottom has defiantly started. I read the new AMD card is going the same way with only a few thousand to be given to UK at launch. The company's hype the launch up for the stock markets only not for us the buying public. Also they always talk about the next big thing going to be launched soon again for the stock markets. I was as bad as i sold my RTX 2060 Super so i could buy the RTX 3060 ti . It never happened as i cannot buy one because of Scalpers. So that has learned myself an important message. Do not believe the hype. My 12 year old grandson summed it up in one. Why are you selling it for a new one when you have not learned how to use the old one.    
#76
Womble560
New Member
  • Total Posts : 53
  • Reward points : 0
  • Joined: 2019/05/26 00:59:05
  • Location: UK
  • Status: offline
  • Ribbons : 0
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/19 12:22:33 (permalink)
New AMD card is now the scalpers new dream ticket. Never even saw them for sale but they are out on Fleabay for silly money. What gets me riled is this. So called buyers with zero feedback are now the normal on Fleabay. As long as they are shilling up the price the sellers do not seem to mind. On 1 sellers description he or she said zero feedback buyers will be blocked. THAT NEVER HAPPENED. They shilled up the price so why would the seller block them. Please Please boycott these sellers then just maybe we can get back to normality. Rant over.
#77
kougar
CLASSIFIED Member
  • Total Posts : 3034
  • Reward points : 0
  • Joined: 2006/05/08 10:11:19
  • Status: offline
  • Ribbons : 22
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/20 23:00:37 (permalink)
Womble560
New AMD card is now the scalpers new dream ticket. Never even saw them for sale but they are out on Fleabay for silly money. What gets me riled is this. So called buyers with zero feedback are now the normal on Fleabay. As long as they are shilling up the price the sellers do not seem to mind. On 1 sellers description he or she said zero feedback buyers will be blocked. THAT NEVER HAPPENED. They shilled up the price so why would the seller block them. Please Please boycott these sellers then just maybe we can get back to normality. Rant over.




Dunno, a lot of that you can thank OEMs for. XFX was selling 6700's at MSRP $480 and up through the $500's. Meanwhile ASUS didn't begin selling them until over $600 up to $840...  ASUS literally marked up its cards 75% right on launch day. 


Have water, will cool. 
#78
Miguell
FTW Member
  • Total Posts : 1112
  • Reward points : 0
  • Joined: 2008/04/16 14:43:51
  • Location: Portugal
  • Status: offline
  • Ribbons : 0
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/21 04:56:24 (permalink)
so this is becoming the new trend?
 
scalpers now buy everything away?  and no stock anywhere forcing prices to almost/OR  indeed double?
 
we are now forced to buy from scalpers at double the price because:
there is no "legit" store with actual stock? and even IF the "legit" store had a few stock > then prices are AGAIN inflated because of high demand (from scalpers)???
 
so now we have to choose to buy everything double the price either from scalpers (sitting on a mountain of stock) or from "legit" stores (with no stock) ?  
 
who wins at the end of this story?
 
its a vicious cycle..  around and around we go!  it will never end at this pace
post edited by Miguell - 2021/03/21 05:11:44

Case: Cooler Master Stacker 830
Display: 32" AOC Q3279VWFD8 @2560x1440@75Hz
Cpu: Intel Core i7-8700
Cpu Cooler: Cooler Master - MasterLiquid ML120L - RGB
Mobo: Asus ROG Strix Z390-H Gaming
Vga: Asus Dual RTX 4060 Ti 16GB Advanced Edition
Ram: 32GB DDR4  G.SKILL - RIPJAWS V @3200Mhz
Sound: Hama uRage soundZbar 2.1 Unleashed  - (Optical)
Storage: 500GB SSD M.2 A2000  NVMe  Kingston (OS) + 8TB (4+4) HDD X300 Toshiba (Data)
Psu: SeaSonic M12 700W
Os: W10 Pro 64Bit
#79
rjohnson11
EVGA Forum Moderator
  • Total Posts : 102339
  • Reward points : 0
  • Joined: 2004/10/05 12:44:35
  • Location: Netherlands
  • Status: offline
  • Ribbons : 84
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/21 05:09:04 (permalink)
In my personal opinion scalpers have no role in society. 

AMD Ryzen 9 7950X,  Corsair Mp700 Pro M.2, 64GB Corsair Dominator Titanium DDR5  X670E Steel Legend, MSI RTX 4090 Associate Code: H5U80QBH6BH0AXF. I am NOT an employee of EVGA

#80
phantomshroom
Superclocked Member
  • Total Posts : 124
  • Reward points : 0
  • Joined: 2013/11/02 19:19:55
  • Location: Canada
  • Status: offline
  • Ribbons : 2
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/21 10:44:59 (permalink)
Even Amazon businesses are scalping.
EVGA GeForce RTX 3090 FTW3 Ultra Gaming, 24GB GDDR6X, 24G-P5-3987-KR
 
EVGA sells for $1869.99 https://www.evga.com/prod...aspx?pn=24G-P5-3987-KR
 
 
Amazon sellers going for as low as $3,399.99 https://www.amazon.com/dp...ncoding=UTF8&aod=1
#81
veganfanatic
CLASSIFIED Member
  • Total Posts : 2119
  • Reward points : 0
  • Joined: 2015/06/20 18:08:41
  • Status: offline
  • Ribbons : 1
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/21 10:47:08 (permalink)
if i had it my way digital coins would be illegal, all they do is encourage extortion and other illegal acts
 

  


Corsair Obsidian 750D Airflow Edition + Corsair AX1600i PSU
My desktop uses the ThinkVision 31.5 inch P32p-20 Monitor.
My sound system is the Edifier B1700BT
#82
Xavier Zepherious
CLASSIFIED ULTRA Member
  • Total Posts : 6746
  • Reward points : 0
  • Joined: 2010/07/04 12:53:39
  • Location: Medicine Hat ,Alberta, Canada
  • Status: offline
  • Ribbons : 16
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/21 15:23:23 (permalink)
replace "digital coins" with "Guns" and see how far you get in the USA with that idea
 
lots of legal commerce happens with bitcoin and will only be more so when it is accepted by Credit card companies and banks soon
post edited by Xavier Zepherious - 2021/03/21 15:25:40


Primes found     Affiliate Code:YN2AHK39LH



 
#83
phantomshroom
Superclocked Member
  • Total Posts : 124
  • Reward points : 0
  • Joined: 2013/11/02 19:19:55
  • Location: Canada
  • Status: offline
  • Ribbons : 2
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/21 16:34:18 (permalink)
Xavier Zepherious
lots of legal commerce happens with bitcoin and will only be more so when it is accepted by Credit card companies and banks soon

Not going to happen anytime in the near future, as one of my family members that works in the anti-terrorist, money laundering division of one of the largest banks in Canada told me, crypto currency is NOT legal tender anywhere on this planet & they (the banks) are working with all countries banks/governments to ensure it stays that way forever plus as I alluded to in another post on these forums, they have a plan in place to eradicate crypto currency due to all the illegal transactions/terrorist activity world-wide.
 
As the banks stated the reason it is not legal tender anywhere is the simple fact that you CANNOT go into ANY bank on this planet & exchange physical paper money for crypto currency & vice versa. They work on instantaneous transactions which has never been achieved with crypto & never will be.  Thanks to the future with banks eradicating crypto currency, it will also eradicate scalpers as well :)
#84
veganfanatic
CLASSIFIED Member
  • Total Posts : 2119
  • Reward points : 0
  • Joined: 2015/06/20 18:08:41
  • Status: offline
  • Ribbons : 1
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/21 16:39:42 (permalink)
phantomshroom
Xavier Zepherious
lots of legal commerce happens with bitcoin and will only be more so when it is accepted by Credit card companies and banks soon

Not going to happen anytime in the near future, as one of my family members that works in the anti-terrorist, money laundering division of one of the largest banks in Canada told me, crypto currency is NOT legal tender anywhere on this planet & they (the banks) are working with all countries banks/governments to ensure it stays that way forever plus as I alluded to in another post on these forums, they have a plan in place to eradicate crypto currency due to all the illegal transactions/terrorist activity world-wide.
 
As the banks stated the reason it is not legal tender anywhere is the simple fact that you CANNOT go into ANY bank on this planet & exchange physical paper money for crypto currency & vice versa. They work on instantaneous transactions which has never been achieved with crypto & never will be.  Thanks to the future with banks eradicating crypto currency, it will also eradicate scalpers as well :)




This is why I call it illicit. Ransomware is classic terrorism. 

  


Corsair Obsidian 750D Airflow Edition + Corsair AX1600i PSU
My desktop uses the ThinkVision 31.5 inch P32p-20 Monitor.
My sound system is the Edifier B1700BT
#85
atfrico
Omnipotent Enthusiast
  • Total Posts : 12753
  • Reward points : 0
  • Joined: 2008/05/20 16:16:06
  • Location: <--Dip, Dip, Potato Chip!-->
  • Status: offline
  • Ribbons : 25
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/21 16:51:04 (permalink)
phantomshroom
Xavier Zepherious
lots of legal commerce happens with bitcoin and will only be more so when it is accepted by Credit card companies and banks soon

Not going to happen anytime in the near future, as one of my family members that works in the anti-terrorist, money laundering division of one of the largest banks in Canada told me, crypto currency is NOT legal tender anywhere on this planet & they (the banks) are working with all countries banks/governments to ensure it stays that way forever plus as I alluded to in another post on these forums, they have a plan in place to eradicate crypto currency due to all the illegal transactions/terrorist activity world-wide.
 
As the banks stated the reason it is not legal tender anywhere is the simple fact that you CANNOT go into ANY bank on this planet & exchange physical paper money for crypto currency & vice versa. They work on instantaneous transactions which has never been achieved with crypto & never will be.  Thanks to the future with banks eradicating crypto currency, it will also eradicate scalpers as well :)





 
Great information phantomshroom this applies to Canada and other countries, not in the US check link here  https://www.coinfirm.com/blog/usa-cryptocurrency-regulation-bitcoin/
 
1. Global crypto regulations - 2021: Where is bitcoin illegal? | finder.com
This link will let you know which country Cryptocurrency is legal and ban.  I see in Canada is legal, but not in banking.
post edited by atfrico - 2021/03/21 17:09:42

Those who abuse power, are nothing but scumbags! The challenge of power is how to use it and not abuse it. The abuse of power that seems to create the most unhappiness is when a person uses personal power to get ahead without regards to the welfare of others, people are obsessed with it. You can take a nice person and turn them into a slob, into an insane being, craving power, destroying anything that stands in their way.
 
 
Affiliate Code: 3T15O1S07G
#86
Xavier Zepherious
CLASSIFIED ULTRA Member
  • Total Posts : 6746
  • Reward points : 0
  • Joined: 2010/07/04 12:53:39
  • Location: Medicine Hat ,Alberta, Canada
  • Status: offline
  • Ribbons : 16
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/21 17:29:28 (permalink)
Cryptocurrency is legal in the following countries
Morocco.Nigeria.Namibia.South Africa.Zimbabwe.Canada (banned by banks)Mexico.United States.
 
 
Top Countries Where Bitcoin is Legal 
Although Bitcoin and the entire cryptocurrency concept are not acceptable yet in most countries, some states have embraced it as a currency. Nevertheless, Bitcoin is struggling to be accepted in most countries globally. Here are the top countries where people can legally store, trade, and shop using Bitcoin.
  • Japan
  • South Korea
  • The United States
  • Germany
  • Australia
Should cryptocurrency be legal tender? 44% of financial institutions say yes
 
Just Because Cryptocurrency Isn't 'Legal Tender' Doesn't Make It Illegal
 
https://complyadvantage.com/blog/cryptocurrency-regulations-around-world/
 
Asked about the prominent uses of cryptocurrencies, as a first-choice pick, financial institutions (FIs) reckoned that 50% of people use them for investment or speculation, with 35% for illicit purposes and the remaining usage as payments. In contrast, the crypto industry put investment at 81% and illicit use at 2%. Government respondents were in between with 62% thinking investment and 26% illegal purposes.
 
Perceptions about the traceability of cryptocurrencies also showed a gulf. Eighty-three percent of the crypto industry believes that cryptocurrency is more transparent than traditional transactions. Whereas 63% of FIs disagree. If you think about it from a crypto perspective, anyone can do the tracing, and then you need to speak to one exchange to convert pseudonymity into a real name (if an exchange was used). For a fiat transfer, banks already know real names. On the other hand, banks can only follow a payment trail with which they were involved. Anything more requires additional effort.
 
https://www.ledgerinsights.com/should-cryptocurrency-be-legal-tender-financial-institutions-say-yes/
 
meaning transactions are traceable now - because to handle Bitcoins you need exchanges which have to disclose and follow rules just like banks
it's not so anonymous as it once was
 
 
Legal tender cash is not as traceable and why drug cartels use cash and need money laundering techniques for it
 
https://www.loc.gov/law/help/cryptocurrency/world-survey.php
 
https://www.bis.org/speeches/sp210127.pdf
 
To date, countries that have issued their own cryptocurrencies include Ecuador, China, Senegal, Singapore, Tunisia, though these countries will not be standing alone for long with Estonia, Japan, Palestine, Russia and Sweden looking to launch their own national cryptocurrencies. Some of these countries are likely to take it a step further and replace paper tender altogether with China being one nation that is looking to take one step beyond a virtual and paper version.
 
post edited by Xavier Zepherious - 2021/03/21 17:44:29


Primes found     Affiliate Code:YN2AHK39LH



 
#87
phantomshroom
Superclocked Member
  • Total Posts : 124
  • Reward points : 0
  • Joined: 2013/11/02 19:19:55
  • Location: Canada
  • Status: offline
  • Ribbons : 2
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/21 17:32:34 (permalink)
No, they will be eradicating it world-wide. USA inclusive. It is not going to happen over night as it will take time for all the banks & governments to work together to come up with the plan to eradicate it & what actions, etc. they will implement towards the violators.
Banks all work together world-wide because of transactions amongst themselves & interac/credit cards. Several countries are still permitting it as of 2021 because they can't panic the population with another nightmare during the pandemic issues.
 
I also found out that several agencies have been monitoring ALL forms of crypto mining & the owners wallets & transactions for many years now & can trace all activities. I don't crypto mine but some of my friends do & to see if my family member could locate stuff  I gave them my friends names (with their permission) & a few days later they got back to me with the data from the agencies with dates/times/locations of all their transactions & their crpto wallet balance. I kind of figured someone out there was keeping tabs on all this illegal stuff but had no idea until my friends confirmed the data that my family member passed on to me. Yes, the banks are working with these agencies to monitor & track stuff & NOTHING anyone can do about it :)
#88
veganfanatic
CLASSIFIED Member
  • Total Posts : 2119
  • Reward points : 0
  • Joined: 2015/06/20 18:08:41
  • Status: offline
  • Ribbons : 1
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/21 17:53:29 (permalink)
phantomshroom
No, they will be eradicating it world-wide. USA inclusive. It is not going to happen over night as it will take time for all the banks & governments to work together to come up with the plan to eradicate it & what actions, etc. they will implement towards the violators.
Banks all work together world-wide because of transactions amongst themselves & interac/credit cards. Several countries are still permitting it as of 2021 because they can't panic the population with another nightmare during the pandemic issues.
 
I also found out that several agencies have been monitoring ALL forms of crypto mining & the owners wallets & transactions for many years now & can trace all activities. I don't crypto mine but some of my friends do & to see if my family member could locate stuff  I gave them my friends names (with their permission) & a few days later they got back to me with the data from the agencies with dates/times/locations of all their transactions & their crpto wallet balance. I kind of figured someone out there was keeping tabs on all this illegal stuff but had no idea until my friends confirmed the data that my family member passed on to me. Yes, the banks are working with these agencies to monitor & track stuff & NOTHING anyone can do about it :)




Digital coins are tracked closely due to the pervasive ransomware plague.
 

  


Corsair Obsidian 750D Airflow Edition + Corsair AX1600i PSU
My desktop uses the ThinkVision 31.5 inch P32p-20 Monitor.
My sound system is the Edifier B1700BT
#89
Xavier Zepherious
CLASSIFIED ULTRA Member
  • Total Posts : 6746
  • Reward points : 0
  • Joined: 2010/07/04 12:53:39
  • Location: Medicine Hat ,Alberta, Canada
  • Status: offline
  • Ribbons : 16
Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/03/21 17:54:52 (permalink)
https://www.bcg.com/en-ca...ed-with-cryptocurrency
 
Let me turn now to CBDC design. There are two types of central bank digital currencies. The first is in the wholesale realm, for payments between financial institutions and large commercial parties. In the last few years, there has been a lot of activity around both private and central bank-issued wholesale digital currencies.21 These efforts could introduce efficiency gains, for instance by allowing faster settlement and delivery versus payment.22 Yet they may not be all that disruptive. Again, digital central bank money for wholesale purposes already exists, in the form of central bank reserves. Notably, privately issued wholesale digital currencies, also called utility tokens or wholesale stablecoins, are not separate currencies per se. They still depend on central banks for the finality of clearing and settlement. Like the stablecoins I discussed before, they still have an “umbilical cord” connecting them to the existing financial system. The second type of digital currency is in the retail space, and it is here where the real disruption lies. Retail digital currencies could be used in daily transactions by households and businesses, and depending on their design, they could upend our existing financial system. The BIS has surveyed central banks around the world on their engagement with CBDCs. In a new BIS Paper, out today,23 we see that a full 86% of 65 respondent central banks are now doing some kind of research or experimentation (Graph 5, left-hand panel). Some are working primarily on the wholesale side, and some primarily on retail, but the largest number are looking into both (centre panel). Increasingly, we see central banks moving beyond research towards actual pilots (right-hand panel).
 
https://www.bis.org/speeches/sp210127.pdf
post edited by Xavier Zepherious - 2021/03/21 18:10:29


Primes found     Affiliate Code:YN2AHK39LH



 
#90
Page: < 1234 > Showing page 3 of 4
Jump to:
  • Back to Mobile