Re: 📢[ANN] [ICO] - MenaPay - Crypto made easier than cash

Hey, I watched the video on the MenaPay website and around the 1 minute mark he says something that may have far reaching consequences.

https://www.youtube.com/watch?v=575ZRW3n5PU&feature=youtu.be&t=54

"These core principles are why practising Muslims do not trust centralised authorities such as bank, which are not fully transparent over their transactions"

And a little bit before at 0:38 "each transaction also needs to be witnessed by at least two people".

That means MenaPay and MenaCash must only be traded on-chain, which disqualifies almost every crypto exchange.

Almost every exchange? Are you saying that there are some that qualifies?

Maybe he means decentralized exchanges, such as IDEX or Forkdelta? Decentralized exchanges still have drawbacks, the main ones are low volumes.

I also think he means DEX. In a few months or years there will be better ones where you can trade coins not only ethereum tokens.

You are right, IDEX exchange every day becomes more popular, but in order for their servers to withstand the load they need to think how to stop soft-bots from trading.