Post
Topic
Board Altcoin Discussion
Re: Decentralized Currency Issuers May Still Require License
by
ShelbyDev
on 17/05/2015, 15:50:33 UTC
Yes, once alt coins are converted to fiat, there are expenses, loss of privacy. But regular coin transactions have the benefits of the first column.

I see we'll need to split this up in 2 sections:


Coin transactions (no exchange to dollars)Fiat Exchange (exchange to dollars, euro, etc...)
  • Low transaction cost
  • International transactions
  • Fast transactions
  • Low entry threshold (no money/paperwork needed to setup an account)
1. Exchange fees.

2. Exchange fees × 2.

3. 30 min. for 3 confirmations.

4. KYC at exchanges.