What are the risks of building a digital currency platform on someone else's property without permission?

3 answers

• Dec 17, 2021 · 3 years ago
  Building a digital currency platform on someone else's property without permission can lead to serious legal and financial consequences. Firstly, you may face legal action from the property owner for trespassing or infringing on their rights. This can result in hefty fines or even imprisonment, depending on the jurisdiction. Additionally, operating without permission puts your platform at risk of being shut down at any time, as the property owner has the right to revoke access. This can lead to loss of user trust and credibility, damaging your reputation in the digital currency community.
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• Dec 17, 2021 · 3 years ago
  If you decide to build a digital currency platform on someone else's property without permission, you are essentially taking a huge gamble. Not only are you exposing yourself to potential legal issues, but you are also risking the security and stability of your platform. Without proper authorization, you have no control over the infrastructure, which means you may encounter technical difficulties or vulnerabilities that could compromise the safety of user funds. It's crucial to prioritize legality and obtain the necessary permissions before embarking on such a venture.
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• Dec 17, 2021 · 3 years ago
  As a representative of BYDFi, I strongly advise against building a digital currency platform on someone else's property without permission. Doing so not only violates ethical standards but also exposes you to significant risks. BYDFi believes in the importance of respecting property rights and operating within the boundaries of the law. We encourage individuals and businesses to seek proper authorization and collaborate with property owners to ensure a secure and legally compliant digital currency platform.
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