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Have you considered how this will fare in the current regulatory environment? European countries banned Libra because they didn't want it to compete with the Eu
by Jaxkr 7y ago
Have you considered how this will fare in the current regulatory environment? European countries banned Libra because they didn't want it to compete with the Euro and the U.S. showed hostility to pre-crypto complementary currencies.
Have you considered licensing the tech to governments to make counterfeit-proof bills?
- bananabreakfast 7y agoAnd have governments rely on Ethereum for official validation? It would collapse nearly immediately
- biolurker1 7y agoYou mean they would treat it as illegal goods and confiscate it at border? How would they ban this
- saxonww 7y agoHowever they want? Some people might not remember the Liberty Dollar[0] from 10-20 years ago. The depository was raided after a few years, the company issuing the currency was shut down, and the owner/proprietor was convicted of illegally minting coins. Kong couldn't be shut down the exact same way - these aren't coins - but I'd be shocked if a similar thing didn't happen were Kong to become as popular as ALD (which, come on, it won't). [0]: https://en.wikipedia.org/wiki/Liberty_dollar_(private_currency) https://en.wikipedia.org/wiki/Liberty_dollar_(private_curren...
- sah2ed 7y agoExactly. I’m surprised that this point about the legal ramifications isn’t higher up in the thread. Things get complicated real fast once you move from peddling virtual to physical currencies. I fail to see how the US wont use the same laws to shut them down the way they did to the liberty dollar.
- __m 7y agoPut Trump’s face on it, call it Trump instead of King Kong, get rid off the laws. Profit.