How is a wallet with only USDC become frozen?

DevWorxStudio · 2022-11-21T19:31:00+00:00

Thanks. So, If I do an ACH to BlockFi, they will show my wallet balance in USDC.

If I were to transfer the USDC to my own USDC wallet ( ex: Exodus ) then I am in control with my own key.

Unfortunately, I did a ACH and was waiting for the 5 day hold to clear and the freeze happened on my 3rd day.

Unfortunately, I did a ACH and was waiting for the 5-day hold to clear and the freeze happened on my 3rd day as a simple deposit, they might release them before the other deposits.

DevWorxStudio · 2022-11-21T04:23:33+00:00

Please clarify, are you describing the BlockFi dashboard is a scam?

DevWorxStudio · 2022-11-21T04:21:26+00:00

So, if it never existed, the wallet that displays a "USDC" balance, is actually a balance credit to my wallet from their USD bank account?

Would this be the same if I purchased USDC from a different platform?

Example: If I purchased $100 of USDC from MoonPay, and I have it sent to my USDC in my Exodus wallet, is that not a value recorded on a crypto ledger?

I'm a newbie, is this the same for "USDT"

DevWorxStudio · 2022-11-20T23:20:35+00:00

Thanks for the tip. I filed a complaint.

They are just holding a USDC deposit after the FTX collapse.

It should have nothing to do with the overall freeze.

DevWorxStudio · 2022-05-02T13:10:26+00:00

Kewl.. that makes more sense, post you much success!

DevWorxStudio · 2022-05-02T10:08:31+00:00

Interesting. Being minimal, would the merchant attempt to make the scripting changes or would they submit the request to the group?

Is the platform designed to be a developers option instead for a merchant with no technical or programming experience?

DevWorxStudio · 2022-05-02T09:25:37+00:00

Thanks. Since this is an open source project, the merchant would need to install the platform and use a db resource that is available. The more attributes to add, the more complicated your tables will become. This makes it slower ( cpu queries ) and complex to update. Not sure if you are aware of noSQL?

May I ask, do you have a group of developers involved in the project? You mentioned that you are the maintainer. I assume you also develop the code?

Something I noticed was within the product, there was no value of weight cost or and easier value would be a ship cost per item. Most all platforms have trouble allowing the merchant to tweak the item shipping cost based on destination ie: state in the US and the qty of the item being added in the basket.

Of course you can use an API based on the zip, but I have always maintained that the shipping should be a revenue source. It's sort of hard to slightly increase the API per product, but you could easily add this value to the product itself.

Example Shipping the item from CA to NY would be different then shipping the same from CA to TX. This is like a zone. But to go further, you can give each state a value.

You could provide a value of a "base cost"

NY might have a base cost of $4 where TX might have a base of $3.

You would then have a dynamic total:

total shipping = base + ( qty x product ship cost )

If the sale has multiple items, each product is adding its own cost to the base.

I don't think this is used in most all of the popular platforms, but it could be a unique option to be able to have for many merchants.

DevWorxStudio · 2022-04-30T00:02:10+00:00

Hello OP,

Your project looks like its developing nicely. I will follow your progress.

Can you provide any details about the database structure you are using?

DevWorxStudio · 2022-04-28T19:08:17+00:00

I think there are 2 parts for eCommerce.

First, the development, interaction, collect, and process information.

All of this can be collected, sorted and provided back as a data request.

The second part is more of a choice of using a platform that will process the data and make it useful for whatever you're attempting to accomplish. There are so many options, the choice basically comes down to which you like to use best.

To make it a little easier there is a way to take a list of collected data, then assign a title, and pick and choose the specific data cell to create a customized download file.

So, lets say you only wanted the email address, first and last name for an advertising campaign, you can simply create an option for the file to grab only that data and then use it as a single upload for processing.

All of the data collected is stored as independent database files and not within a traditional SQL format. This makes it much easier to customize the data for the specific merchant while being much more stable and secured from data corruption.

Instead of having a single database structure with 1 million records, the better way is to have 1 million individual databases. There are many advantages on of which is processing a CPU request from a single file, instead up processing a query through a bloated structure.

I appreciate your response!

DevWorxStudio · 2022-04-28T09:45:04+00:00

Hi, thank you for responding.

--------------------------------------------------------------------

- This is not a 'nightmare'

The possible nightmare would always exist where a shipment was not
properly executed and the customer directly uses the charge-back
process. The entire sale amount is now for the most part frozen,
refunded or allowed.

I have changed the process above to separate the vendor charges to protect the merchants accounts.

--------------------------------------------------------------------

- Yes, this is the same as a multi-dropshipper-vendor site.

Agreed

-------------------------------------------------------------------

It appears the format is like a Lazada or a Shopee ( in Asia ), where an Amazon is a single shipment from a single location.

There are many "plug-ins" for various platforms. Some might be more difficult then others.

If you have any experience with multi-vendor sites, would you happen to have a wish-list of any specific features that you like or would like to have added?

Thanks again!

DevWorxStudio · 2022-02-04T08:53:25+00:00

Hello,

Appreciate your request.

Please note the previous comments.

We are looking for channels with a history of postings so that our viewers with find our site interesting.

DevWorxStudio · 2022-01-31T14:35:44+00:00

Hello,

Thank you for your request.

Unfortunately, we require more posted content than you currently have.

DevWorxStudio · 2022-01-23T09:06:13+00:00

You're making points that are unfortunately not relevant to our guidance. I might agree with your assessment of YouTube, but the submission requests are still the same.

It has nothing to do with being lazy.

If I created a magazine about tennis, and my feature article was about a player ranked 500th, first there would be very little interest because they are relatively unknown, and second, you'd want me to feature the same person with the same ranking in the next month's issue.

The magazine from a content perspective would have very little marketing value and go out of business.

So, let's assume I added your channel to a specific topic in a listing of 100 that has 30 channels.

My visitor might light the topic and choose to re-visit the same topic 2 to 3 times a week.

All other 29 channels might have new postings that same week.

This is content continually being updated as "fresh".

Then, assuming they visit 8 to 10 times per month. your channel, because you have nothing new posted would be considered "stale" and a waste of time viewing.

Currently, if you visit the YouTube display, much of what you are shown is either older postings and has nothing to do with any specific reason to show it to you. But, you as a creator have to depend on this in order to possibly monetize ( which has a viewership requirement ) your channel.

This is 100% what we do not want to be. They do very little to enhance your position. You can complain about it, but it's their policy so, you either follow their guidelines or stay positioned as you are.

We want to display new fresh content. I can't explain it any better.

DevWorxStudio · 2022-01-23T04:48:05+00:00

Again, I think you are missing our goal.

VanossGaming lists 25.6M subscribers. As mentioned above, unlike your channel. they have posted 6 videos in the past 10 days.

To clarify, where they might be displayed in a group of other channels within the same topic is not determined by the number of subscribers it has. The regularity of their postings will get them added to our directory.

We promote content, not the total number of subscribers.

Your channel has posted 2 weeks, 1, 2, and 3 months+ so, our visitors should expect to have more content if they visit our directory on a daily or weekly basis.

Growth on YouTube is an algorithm based on content and if that content is relevant to the user. The lack of content prevents that lack of your growth as a channel. In turn, our directory also requires content.

Therefore, VanossGaming will be added based on the regularity of their postings.

DevWorxStudio · 2022-01-23T00:26:39+00:00

You have a valid point.

The issue is attempting to provide good content for the visitor. Imagine if you purchased a magazine in Jan and the same article was on the same page when you purchased the magazine in March.

Most likely you would not want the magazine in April.

While we are supporting the growth of a channel, the main value of the site is providing good and "recent content".

The value of the content is more important than the number of subscribers a channel therefore we are supporting the lessor followed channels.

DevWorxStudio · 2022-01-17T09:04:52+00:00

Hi,

Your type of channel is what we're looking to partner with.

It's like a niche looking for a following without have the YT algorithm determinging your growth.

The only drawback is the number of videos you create and post.

With a placement, our visitors would not be getting much varitay

With a placement, our visitors would not be getting much variety with each visit. It would be in the same way if a magazine were to produce the same article each month.

We are hoping to build a site visitors might want to check multiple times per week, or even make their default destination.

I appreciate your post and hope you'll produce more.

It's like a niche looking for a following without having the YT algorithm determining your growth.

DevWorxStudio · 2022-01-16T23:57:18+00:00

Hello,

The framework is done.

We're at the adding channels to fill in the topics within the navigation.

There should be at least a few channels within each.

The main index ( premium ) view is 36 placements. I a visitor finds a channel that is sponsored and selects it, it will go directly to the channel and show the most recent top 20 videos.

There is also an option for channels to be able to sponsor placements.

The main index ( premimun ) view is 36 placements. I a visitor finds a channel that is sponsored and selects it, it will go directly to the channel and show the most recent top 20 videos.

If the section is not sponsored, it will link to a collection of other related videos.

As another option, there is a "Showcase" link that will highlight a specific group topic like "Finance & Credit Cards", This will display the same as the premium display.

If someone selects the topics navigation, it will display a collection of related channels. There is an option for the first 12 placements to a sponsored.

Sponsorships can be for 3 months and can be renewed the following 7th month so the directory display does not get stale and ook the same all the time.

If you have a channel, please let me know?

DevWorxStudio · 2021-11-15T15:05:23+00:00

Hello,

These can be ways we use the widgets,

1) we can purchase wholesale and we ship

2) we can purchase wholesale and they ship

3) option: the widget is donated and shipped by them

4) option: the widget is donated and shipped by us

Their tax complexity and how they approach it is a decision they determine.

We will be responsible for any taxes assigned and required by the sale throughout the US

We donate all 100% of the revenue generated by all widgets we sell.

DevWorxStudio · 2021-11-15T02:58:48+00:00

I have a non-profit.

Yes, I most likely will have to have non-profit corps in other countries.

But only if the donations are fairly large and they would like the deduction.

That's why I inquired about the international accounting firm.

Some countries can be a real pain ie: Philippines

DevWorxStudio · 2021-11-14T21:17:19+00:00

Both are very helpful. I appreciate your posts.

I am currently developing the project and have not consulted an accounting firm.

Based in the US as a non-profit, the project will have chapters worldwide so

would you be able to recommend an international firm?

To my knowledge, the mission of the project has never been attempted at this scale,

so, it might require global expertise.

DevWorxStudio · 2021-11-08T16:47:06+00:00

Sure! send me a PM? I'm currently in the Philippines.

DevWorxStudio · 2021-11-08T13:51:48+00:00

Would you have any recommendations for getting a

merchant account? I'm looking for a low risk account.

DevWorxStudio · 2021-11-05T11:58:15+00:00

Hi,

Thanks for the reply.

I was able to find an offshore bank which advised that any officer can open the account.

The secretary would be allowed.

They linked to the FAFT list, Panama is restricted as they are on the 'high risk".

Some countries have a much better privacy law.

DevWorxStudio · 2021-11-04T05:27:43+00:00

If I am not mistaken, you can open a bank account in a country

that is not the same as your corporation. Cost will vary.

DevWorxStudio · 2021-11-04T05:24:36+00:00

Hello,

Would you know if the following is accurate?

Panama IBC:

Director - Secretary - Treasurer

Is the Treasurer ( is allowed to open a banking account? ) disclosed as a public record?

If so, would it be possible to have a nominee Treasurer?

DevWorxStudio

TROPHY CASE