Quote from: Zombie259 on December 03, 2018, 05:56:32 PM

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Quote from: CrypticBabe on December 03, 2018, 11:40:10 AM

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Quote from: Pricebrianer on December 03, 2018, 08:46:26 AM

Quote from: alterego087 on December 02, 2018, 09:18:21 PM

I shall believe that the future of Trading on blockchain technology will surpass all that are not related to blockchain.

I would expect in few years time, a Blockchain technology based exchange that would pass on SEC rules and would allow trading of not just digital currencies but stocks.
It should have an advantage to the older exchanges.

This is a big task or vision and it all depends on if the blockchain is accepted as we all know the government don't support anything they cannot promote.

Actually Government don't support anything they can't control. And blockchain is beyond anyones control!
Hopefully they will soon realize the power of blockchain and give their support toward it!

Yea, that's what they made the public to believe but behind close doors, government officials are the ones actually patronizing the industry, identities can not be tracked when it comes to blockchain, so they see it as a means to migrate funds without been traced, the whole thing is just bigger than any of us but i intend to see the industry put to good use

We all have some fair idea of both advantages and disadvantages, if governments are supporting cryptos.
Big +ve point is, blockchain provides seamless , faster means for cashless economy, this is good to keep up real currencies.
Big -ve point is, seamless transfers to illegal activities too could take place, and on larger level, could impact real currency of impacting country.
They have no clue how to keep control over -ve part.
Thats where KYC comes into picture, and any major unfair deals could be tracked.

Good point. KYC is important to avoid illegal transaction/to stop money laundering cases. Without KYC it's impossible to control bad play.

Agree. Blockchain is future, but there should be some mechanisms to stop illegal activities/transactions. For now KYC seems to be enough to keep track of illegal activities.

I think KYC is mandatory for most ICO's and it is necessary because of regulations. For most exchanges, it is also a must to prevent tax fraud. Therefore it is no problem for me to do KYC for ONAM.

KYC wasn't mandatory for most of popular exchanges earlier. But to adhere to 'government fair trade policy', they made it mandatory some 6 months ago. Many experts speculate, thats when big fishes started withdrawing and this heavy selling resulted in current crash.
Although this isn't (read cannot be) authenticated by any exchanges, but then i don't see any other major reason for this huge crash since no big countries banned or put strict regulations on cryptos, still this crash occurred.
But crash is good I guess, for more bigger jump in coming years when most of countries will understand importance of blockchain and will ease some rules for betterment of economy. Win win situation for both sides. :-)