It is a hope that many of us share. We can see how the potential exists and the more development, expansion has to occur.
A few large projects will radically affect every layer of Hive. So when we start getting more people using the internal exchange, as an example, it only feeds in more to the HBD stabilizer and DAO.
This is just one piece of the ecosystem.
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I get why they did it but I think we need a easy decentralized way without Giving up personal info.Any thoughts on @blocktrades requiring a passport or Government ID now?
Blocktrades have a license to operate in the US hence I beleive comes under FINRA.
They have no choice but to KYC.
The bottom line is that anything to do with fiat especially, is going to be KYC. It is doubtful that we will see the on and off ramp to fiat being without government ID.
The best we can hope for is to get the crypto-to-crypto going without that (DEX and LPs) could be vaulable and get people to accept it as payment.
But we will have to see how it evolves.
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I never used fiat on it/. Just litecoin to Hive. But it they had fiat out option obviously I see it’s what they gotta do to stick around. I had nice words with Dan when I mentioned I wasn’t going to use anymore but of course it makes sense for them Agreed. But I do hope a simple option crypto only comes outta it. Brian’s lighting thing working? I really enjoy the podcasts btw! Been boosting and I gotta say you might be winning me over on some of our past different views discussed in comments. I really enjoy the guests but also the solo episodes wity u and Jon a lot.
Cheers 🍻
Well I can speak to what regulation they come under. This is not something I brushed up on but it might be they are considered a money transmitter, whether they deal in fiat or not.
The future, in my opinion, is liquidity pools and DEX. That is where we will see crypto-to-crypto.
Glad you enjoy the show. We aim to help people find out what is going on with crypto, hive and some different projects.
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Yes, it’s potential amazingly large in scope, but surprisingly requires something bigger then something which is already huge. My mind is blown here.
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