Greetings Guysellars and everybody,
This is really a great topic and happy to be here.
KYC - I believe being anonymous is part of why bitcoin was coined.
AML - Anti-Money Laundering is really a concern for all government/country because when the printed money is transported and leaves a country it will affect the economy greatly especially for a large amount of cash.
I wrote the other day https://steemit.com/blockchain/@jackramsey/blockchain-and-cryptocurrencies
"What I like with blockchain and cryptocurrency is the term decentralized digital currency where the value of your money or the buying power of money should not be affected by the decisions of other countries and governments officials because of what they are doing with their economy."
For government "intervention" or regulation regarding cryptocurrency, well, the problem is like the government official asking Facebook's Mark Zuckerberg about Facebook, it seems that they have not been using Facebook. The same people "like Grand Pa and Grand Ma" who are used to having cash money will be making regulation but do not really understand or have not tried buying and using cryptocurrencies, and the technology behind.
This is where the problem will be, vested interest and little knowledge is the problem.
Since there are many cryptocurrencies to choose from I believe we have to let the people choose where they want to put their money.
My gratitude to @Crypto.Piotr
Hello @jackramsey. Thank you for your input. Lots of good information here.
I took particular interest in your comment, "What I like with blockchain and cryptocurrency is the term decentralized digital currency where the value of your money or the buying power of money should not be affected by the decisions of other countries and governments officials because of what they are doing with their economy." I think this was the original goal, but as things have matured, reality may be somewhat different. The reason I say that is that many cases, cryptocurrencies are tied to fiat. And even though they can and do move separately from time to time, there is a growing synergy between the two that we may not overcome in the long run.
All that said, today there are people in dire situations that are utilizing cryptocurrencies to circumvent bad situations, some of which originate in their government. I applaud this and hope that this benefit continues. Time will tell.
Hope to see you around again @jackramsey.
Great to hear from you,
Very interesting to read various comments and concerns about this topic.
I agree that the community of people using cryptocurrency is maturing.
Most exchanges are already trying their best to satisfy the requirements and regulations of the powerful.
I still believe that with the power of the internet such as the algorithm and the blockchain technology itself, a little tweak every now and then should do the trick.
For those who have nothing to hide there really is no worries.
Enjoyed reading, learning, and interacting.
Regards
Thank you for the additional input!
Thank you for sharing your thoughts and dropping by @jackramsey
That's true. But I think it is clear that bitcoin will fail in that aspect. Already did.
Thanks for sharing that link. Will check out your publication right away.
ps.
You keep posting really quality content. Perhaps you could always send me memo with link to your publication and 2-3 sentences description ? I will gladly support you with upvote, will drop a comment.
Especially if your publication will be related to crypto,blockchain,AI, economy or psychology (just don't send me memos like every day hehe)
And if I will have some time then I will also share your publication with my larger audience and will help you get some extra traffic.
Please keep in mind, that you can count on my help (whenever I can support you, I will) :)
Cheers, Piotr
Happy to hear that,
I sincerely appreciate it.
I am sure to make a memo to you.
I will love to share my work.
I thank you once more.
Regards
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