Quote from: FNetV1 on December 10, 2017, 04:15:36 AM

The concept of AML Bitcoin sounds interesting, but there are a few troubling things that I dont understand:

For starters, when the ICO is over and the coin is launched, how would such a coin be traded, say at Bittrex and other exchanges if all participants, all coin holders has to comply with AML requirements before they can hold the tokens, being traded on, say Bittrex exchange would eliminate the AML for those traders who just goes directly to, for example, bittrex with a BTC, ETH, etc and directly trades it for an AML Bitcoin, then uses the very same AML Bitcoin to buy something online by sending those AML Bitcoins directly from Bittrex wallet exchange to the vendor accepting the AML Bitcoin. On this example transaction there would be no AML data attached on that specific transaction and coins that were sent directly from the Bittrex online wallet to the vendor's wallet.

So, how is that problem solved, they can't possibly think that Bittrex would be performing AML for users who wants to trade AML Bitcoins, Bittrex would just decide not to add this coin than to undergo such a problematic and tedious major design/code change to house the AML Bitcoins on their exchange. Same for Poloniex, Kraken, etc.

So, the path of least resistance would be for all the exchanges simply to not list AML Bitcoin. So, okay all exchanges do not list AML Bitcoins in orders to preserve the purity of the AML requirements within AML Bitcoins, so how exactly would the price appreciate if user's would be able to trade this coin. Maybe an AML compliant exchange is created, possibly called AML Exchange where this coin is finally listed there to be traded with a handful of currency pairs (AML/BTC, AML/ETH, AML/LTC, etc). Now imagine this: AML Bitcoins listed on one exchange with AML requirements set, users have to undergo a series of AML procedures before becoming a member there, that in itself would have fewer members, perhaps not everyone from all countries would be eligible to become a member of said exchange which means that trading volume would be low.

Current ICO price is: $1.00 in light of the projections I have said I really dont see price appreciating by some high factor, in fact the price could go below ICO levels and possibly stay there for a very long time.

You pose some good questions, especially regarding wallet usage - or lack there of. That said, legally compliant exchanges already impose varying degrees of AML/KYC compliance (especially ones dealing with US customers), limiting the weekly withdrawals based on the level of identification. A number of governments are getting stricter, and will/or do require cross referencing, and tax reporting - which will play well into AML Bitcoin's pre-vetted ecosystem. Also, as the restrictions tighten, VCEs (Virtual Currency Exchanges) that are not compliant/listing non-AML cryptos could be denied banking.