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You keep missing important points of ops argument. maybe on purpose? e.g. You claimed receivers would not need to 'disclose private data to a third party' but
by hackerfromthefu 4y ago
You keep missing important points of ops argument. maybe on purpose?
e.g. You claimed receivers would not need to 'disclose private data to a third party' but as op pointed out the receiver cannot get the DAI into the normal financial system without KYC.
- randomran01234 4y agoOnly if they need to exchange to fiat, as I said previously. > Depending on the use case, there may not be a fiat exchange. Another user might be happy to receive 1000 DAI, in which case there is no centralized exchange needed. It’s true though, if you want to use the traditional financial system you are basically stuck uploading your photo ID to a private company’s website and hoping they won’t leak it. In many cases users are forced into this - paying taxes. We can only hope this won’t always be the case.