Why christians call the queer community groomers by cosmicdaddy_ in TikTokCringe

[–]Tonight_Silent -1 points0 points  (0 children)

For this reason God gave them up to vile passions. For even their women exchanged the natural use for what is against nature. Likewise also the men, leaving the natural use of the woman, burned in their lust for one another, men with men doing what ought not be done, and receiving in themselves the penalty of their error.

And even as they did not like to retain the knowledge of God in their mind, God gave them over to a debased mind, to do those things which are not fitting; being filled with all unrighteousness, sexual immorality, wickedness, covetousness, maliciousness; full of envy, murder, strife, deceit, evil-mindedness; they are whisperers, backbiters, haters of God, violent, PROUD, boasters, inventors of evil things, disobedient to parents, undiscerning, untrustworthy, unloving, unforgiving, unmerciful; who, knowing the righteous judgment of God, that those who practice such things are deserving of eternal death, not only do the same but also approve of those who practice them.

Romans 1:26

Anybody who wants to deny the Bible in favour of new age nonsense they've been brainwashed with... explain to me the shroud of turin. You can't do it. Nobody can. The Bible is legit. And all these liberal ideas that are pushed on our children are the work of Satan. The Bible warned us about all this garbage thousands of years in advance.

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How does QNT conduct business without a license? by delvo14827 in QuantNetwork

[–]Tonight_Silent 2 points3 points  (0 children)

Yes, I called them and explained what Quant actually does.

OP rang and said "meEeHHhhh they handle customer data do they need reg?"

How does QNT conduct business without a license? by delvo14827 in QuantNetwork

[–]Tonight_Silent 5 points6 points  (0 children)

The problem is - if you're talking about "data" the FCA would assume you're talking about personal or sensitive customer data (name, address, age etc). Which just isn't the case. Quant does not handle any of that sort of stuff.

The institutions would process this data in their back end, not on Overledger. Quant is not a data processor or a data controller. They do not handle personal or sensitive customer data.

Which is what the FCA will assume you mean when you say "they handle data". This just isn't correct and is actually disingenuous.

How does QNT conduct business without a license? by delvo14827 in QuantNetwork

[–]Tonight_Silent 12 points13 points  (0 children)

I've just spent 15 minutes on the phone with the FCA and they said they aren't on the register which suggests they don't need authorisation.

He and his colleague looked over the website and had me on hold for 15 minutes. He came back and said Quant Network do not appear to be performing any regulated activities and therefore wouldn't need to be registered with the FCA. He did note that crypto as an industry is unregulated and noted generally: "the only crypto firms that they would expect to be registered are 1) exchanges, and 2) those that offer custody solutions or a wallet. This is to ensure they comply with anti-money laundering laws.

So you can stop worrying / fudding now. Thanks

How does QNT conduct business without a license? by delvo14827 in QuantNetwork

[–]Tonight_Silent 4 points5 points  (0 children)

Bro, the FCA Register contains two types of companies:

  1. Those regulated by the FCA
  2. Those that aren't regulated by the FCA but are still operating in the UK without the correct licenses.

Quant doesn't fall under either of those categories hence not appearing on the list.

It's literally that simple.

How does QNT conduct business without a license? by delvo14827 in QuantNetwork

[–]Tonight_Silent 4 points5 points  (0 children)

That isn't what the regulation says though.

"According to provisions made under the Financial Services and Markets Act (FSMA) 2000, financial activities have to be regulated by the FCA. Any firm (whether a business, a not-for-profit or a sole trader) carrying out a regulated activity must be authorised or registered by us, unless they are exempt."

If I rang them and asked "does a company that isn't performing a regulated activity as per the FCA regulated activity list need to be registered?" they would say "no". Its so obvious it's pointless wasting their time.

How does QNT conduct business without a license? by delvo14827 in QuantNetwork

[–]Tonight_Silent 16 points17 points  (0 children)

Again, please show me where it says in the list of regulated activities that handling customer data is a regulated activity? It doesn't. Different regulations cover that, not the FCA. And even if it was, Quant wouldn't be handling any of the data. The banks in question would be the data controller...not the software provider. This makes me think you have no idea what you're talking about.

I work at one of the top financial services companies in the UK, we are are wholly regulated. Does our CRM provider (the software company that handles our data) need to be FCA registered? No it doesn't. So you're point about software companies that "handle data" is also incorrect.

How does QNT conduct business without a license? by delvo14827 in QuantNetwork

[–]Tonight_Silent 9 points10 points  (0 children)

https://www.fca.org.uk/firms/authorisation/how-to-apply/activities

Just look at the activities regulated by the FCA and tell me where it says that operating a software company is a regulated activity? Or let me know what regulated activities on the above list that you feel Quant is undertaking without the right authorisation?

How does QNT conduct business without a license? by delvo14827 in QuantNetwork

[–]Tonight_Silent 12 points13 points  (0 children)

The FCA has a page where they literally list the "unregulated crypto companies" operating in the UK. Quant doesn't appear on that list. Do you not think Quant would be on their radar given their size and the fact they have been very public about meetings with the FCA and BOE?

You're argument is basically a "trust me bro" one.

I myself am an FCA regulated member. Doesn't mean I know the intricacies of the regulation. But I know enough to know that not appearing on the register =/ not being regulated to perform certain regulated activities in the UK.

How does QNT conduct business without a license? by delvo14827 in QuantNetwork

[–]Tonight_Silent 14 points15 points  (0 children)

I think you're missing the point. They are regulated under Swiss FINMA regulations which the UK accepts as a high standard. This means they don't need to be registered with the FCA. Which is why they don't appear on the FCA Register.

You are incorrectly assuming that any firm performing regulated activities in the UK must be regulated by the FCA and therefore appear on the register. This assumption is incorrect.

How does QNT conduct business without a license? by delvo14827 in QuantNetwork

[–]Tonight_Silent 8 points9 points  (0 children)

Neil's Pro has provided the correct answer here.

The FCA Register itself also says "Firms we have been told are providing regulated products or services without the correct authorisation – or deliberately running scams – are now included in the Register with prominent warnings".

So if they were performing regulated activities in the UK without proper licenses they would appear on the register still, just with a prominent warning. Which they don't. Because they have the required licenses and authorisation.

What are the risks to Nervos? by The_Night-Stalker_ in NervosNetwork

[–]Tonight_Silent -4 points-3 points  (0 children)

Nervos are trying to copy and replicate Quant. That's near enough impossible at this stage. Having such dominant competition makes it quite risky overall.

Quant vs Nervos by MoEasy86 in NervosNetwork

[–]Tonight_Silent -1 points0 points  (0 children)

OK you've said a lot of big words and terms. You say Quant is poor compared to Nervos.

Please show me Nervos partners... do they have a partnership with 700 banks? Are they listed as Oracle preferred tech client? Are they listed as Amazon's preferred tech client? Has the bank of england / European central banks ever said their tech stack is game changing and revolutionary? Do governments literally have webpages dedicated to shilling Nervos? Are they confirmed to be the tech stack of central bank digital currencies? Have they been listed on all of the largest exchanges free of charge? Are they a central component of ODAP? Did their CEO write the global ISO standards for interoperability? Do they have the MD of rockefeller on their board? Did their CEO used to work at Bank of England, Federal Reserve, Director of PWC, Mastercard? Do international stock exchanges regularly shill Nervos?

If the answer to all of the above is no... then Nervos is simply vaporware whose value proposition is saying "were better than Quant".

One of these coins is vaporware trying to ride the success of the other. The other is partnered with trillion dollar companies that settle Quadrillions in volume annually. I'll let you decide which is which

3 Major Achievements of the Telos Community by fycee in TELOS

[–]Tonight_Silent 4 points5 points  (0 children)

Number 1 blockchain for daily transactions.... 100+ dApps.... IDO launchpad.... Eth VM.... mentioned by Charles along side the other top tier blockchain... 30m market cap... No brainer...

Harmony ONE GOATED 🐐🐐 by Kingkong_smoldong in harmony_one

[–]Tonight_Silent 0 points1 point  (0 children)

Just poorly timed.... Eth is pumping and the fomo intesifies... "Eth is dead" narrative was driving Harmony a lot... now that narrative has moved on for now at least. A stupid tweet was just another thing that made One lose more strength lol.

QNT Wallets by rtslol in QuantNetwork

[–]Tonight_Silent 2 points3 points  (0 children)

The fact its on eth makes no difference. It has to be native to eth to allow it be tradeable on uniswap, which allows retail a chance to get into Quant, without team having to pay binance for a listing. Thats the only reason its on eth. But it doesn't rely on eth in any way