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Neither. The purpose of cryptocurrency is peer-to-peer transactions. No central bank, no retail banks, no payment processors, no KYC, no gatekeeping. A few da
by tofukid 5y ago
Neither.
The purpose of cryptocurrency is peer-to-peer transactions. No central bank, no retail banks, no payment processors, no KYC, no gatekeeping.
A few days ago there was a thread about Stripe locking a business’ account for no reason, with no support, grinding their entire business to a halt. That’s not the future of cryptocurrency I want.
- ck_one 5y agoI doubt governments will allow payments without KYC. I think even for citizens that's a bad trade off. I feel much safer if I know whom I am doing business with.
- tofukid 5y agoSure, but then there’s no point to a peer-to-peer decentralized cryptocurrency. Cryptocurrency is a peer-to-peer decentralized network. The government can’t stop me from sending or receiving cryptocurrency.