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Probably not. For 1-1 backed coins there is a tension between: 1. It is crypto so there are no AML/KYC controls beyond the initial issuing of the currency and
by quickthrower2 4y ago
Probably not.
For 1-1 backed coins there is a tension between:
1. It is crypto so there are
no AML/KYC controls beyond the initial issuing of the currency and converting it back.
2. As a result they have to operate in dodgy jurisdictions.
3. Which means you can’t trust them.
For algorithmic coins the collateral being an unbacked coin means it could collapse. If well collateralised there just wont be many in circulation.