Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Correct me if I'm wrong here. Doesn't the recent compliance integration disqualify Dash as an anonymous crypto?
More like it helps propel "anonymous crypto" into markets where people might actually use it en masse. (Check out 3 posts above
)Crypto doesn't need to be propelled into anything.. Slow and steady wins the race. Every day more and more people are being introduced to cryptocurrency. Bank card integration is a step backwards because it deals with clearing houses and third parties when the principal is peer-to-peer. If you think that debit cards are a step forward then you are sadly mistaken. One cannot be anonymous and still comply with AML/KYC. It's an oxymoron. "KYC" is Know your Customer.. That is the completely contradictory to being anonymous. It's like walking into a store to buy something with cash and the clerk asks for ID. Therefore this cannot be digital cash more like KYC coin.
The direction Dash is a far cry from its initial design. Keep going down the road of compliance and risk disqualify it as a peer-to-peer currency, let alone an anonymous one.
who REQUIRE compliance to implement a new cryptocurrency (like DASH) from having to do it themselves.
Name one major vendor that requires compliance by a government to integrate a cryptocurrency.
Basicly it opens the door for more mainstream business customers while still providing privacy services to those customers that need it. The reason Dash can make this work is because Dash privacy elements that are integrated at core protocol are of optional nature. Users choose to have privacy with Dash or not.
Opens the door for what mainstream businesses? Microsoft and countless other mainstream businesses accept bitcoin and do not have to comply with anything other than tax reporting for their profits and losses.
What this does "open the door" to is unnecessary regulation of cryptocurrencies. Not mandated by any government to date. It's a slippery slope Dash is traveling and one that investors should think twice before supporting. But I digress, I leave you to complying with vapor compliance.
It's really not that complicated. Use PrivateSend and no amount of blockchain analysis is going to deanonymize you. Coinfirm can analyze the blockchain of any currency they'd like, with or without that currency project's permission.