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Here's what I don't get about this issue: Given that crypto's value prop is a decentralized, democratized currency free from any regulatory body's oversight, wh
by na85 5y ago
Here's what I don't get about this issue: Given that crypto's value prop is a decentralized, democratized currency free from any regulatory body's oversight, why are crypto people viewing this as "a problem"?
It seems to me that they want to have their cake and eat it too.
The "identity verification" function is one of the roles that governmental agencies are well-suited to perform.
Another is prosecuting fraud.
If crypto doesn't want government "interference" then why is the crypto community so invested in replicating that "interference", except in an objectively inferior way?
- hiq 5y agoIt's not an all-or-nothing situation, e.g. you might want to ensure that every user gets 100 tokens only once in their lifetime without further constraints afterwards on what they can do with this. Not saying there's any crypto project where this would make business sense, but a priori and without concrete example, why not.