Quote from: Gunther on November 30, 2014, 07:39:45 PM

Jared, just another question:

I assume you're more focussing on the Chinese market than US/rest of the world? I still have my doubts about real life adoption of altcoins next to Bitcoin. How do you see that?

We know BTC is too slow for fast and small transaction, but they probably don't know that.

We are focusing everywhere. We feel it is best to approach as many people as possible in as many different countries as possible.

As for real life adoption, every one we talk to proposes the same chicken & the egg dogma. People on both sides want this technology to happen, but no one really seems to know how to make it happen.

Merchants & Retailers: "Why should we accept a digtal currency if not many people use it?"

Users: "Why should we use digital currency if no one in the real world accepts it?"

DigiByte Solution: Allow users, merchants & retailers to use digital currency and meet in the digital world first as a stepping stone to the real world.

We see things happening in slow progressive steps. Real world adoption is going to happen as a series of micro steps, not overnight and it is going to take some time.

Look at how facebook has changed marketing over the past decade? It didn't happen overnight but it brought both consumers & merchants together in the digital world.

Our aim is to augment the existing financial system and be a bridge and first step into the realm of digital currencies by offering both digital & real world solutions that play by the rules. This is why we will not be implementing completely anonymous transactions any time soon. This does not mean we oppose the idea, but we just see it making real world adoption much more difficult in the current regulatory environment.

When we attended the NYC Digital Currency event for bankers in July it became obvious the most attractive thing they saw in a digital currency was the ability to track all transactions though a block chain. It is this aspect of blockchain technology bankers are eager to adopt in order to reduce their overhead and to ease their KYC/AML reporting requirements.

Any cryptocurrency fully implementing transaction mixers, or anonymous transactions will undoubtedly bring down the regulatory wrath of most authorities worldwide.

As we stated above we are not opposed to the idea of completely anonymous transactions, but why shoot ourselves in the foot when regulators, bankers and more are now opening up to real the potential the blockchain offers. We are seeking the path of least resistance.