Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XBR] bitcoinR (bitcoinr.org) | Quantitatively-Flexible Reserve Currency
by
Ryu XBR Samurai
on 18/09/2020, 13:34:48 UTC
I suggest mainly doing marketing in China

I have seen you say that a couple of times. 

When I look at R and its characteristics of having a Centralized Pillar and seeking Government Legitimacy as described in the initial Announcement Posting:
We are hopeful to provide value in a structured, predictable and transparent manner while cooperating fully with regulators in the United States if and when we are asked to do so.  bitcoinR is not a privacy coin, in fact it is the exact opposite.  It is important to get away from the idea that major cryptocurrencies are run by a mysterious shadowy figure whether acting alone or as part of a cohort with an undisclosed profit motive.

As a matter of full disclosure, we do hope to make a return on our time and money investment; however we do not expect this to come quickly or easily, and we will not get there by selling bitcoinR units (XBR) directly to the public outside of an AML/KYC compliant exchange.  For now the public can only obtain units via mining or bounties; and in the latter case they must provide their full name, address and contact information for us to do an AML / KYC check prior to sending the earned bounty units.  More detail may be found in the bitcoinR whitepaper.


I do not know if having AML / KYC compliance is popular with anyone in China.   From my experience the opposite has been true.  AML / KYC tends to be the most popular in US, Japan and Europe.  For this reason I don't see spending much energy on China being worth while.  However, if you think otherwise I think you should go for it.  Start Tweeting / Instagraming about it in Chinese and see what kind of traction you can get.