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That's not really possible to enforce. The smart contract is loaded into the Ethereum network. Anyone on the network (who is rich enough in network terms) can p
by sp332 6y ago
That's not really possible to enforce. The smart contract is loaded into the Ethereum network. Anyone on the network (who is rich enough in network terms) can place a bid, and the winning bid will be automatically selected by the contract code.
- Traster 6y agoNo, it's not enforceable by the algorithm it's enforceable by the "we lock you up because you just sent $10m to Pablo Escobar" guys.
- sp332 6y agoKYC is expected of banks or exchanges, centralized places with lots of transactions. And a person can punished just for running a bank without registering their identity (along with a bunch of other paperwork) beforehand. It makes no sense for the Treasury to spend time hunting down thousands of individuals for transactions that are mostly in the tens of dollars.