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What legitimate liquidity aggregator is going to hold the counterparty risk for PotCoin/HempCoin and have banking relationships? Because once the Weed-coins are
by Keeeeeeeks 9y ago
What legitimate liquidity aggregator is going to hold the counterparty risk for PotCoin/HempCoin and have banking relationships? Because once the Weed-coins are sold for BTC and given to a liquidity aggregator in jurisdictions where marijuana/hemp are illegal that becomes money laundering.
Cryptocurrencies that dodge regulations do not; their value is backed by the greater fool theory and the fact that this new retail wave aren't too familiar with AML/KYC/counterparty risk
To address your last point, a non-gubmint backed stablecoin would address that, but then again, perpetual motion devices would probably stop energy issues.
- mrep 9y agoNow I kind of want to create a PotCoin/HempCoin marketed as a solution to marijuana businesses (which are rapidly growing as more states legalize so get it now while it's still cheap!) inability to use federal banks just to see how many people i could fool into buying it. The sad thing is I bet I could make millions...