Correct me if I'm wrong here. Doesn't the recent compliance integration disqualify Dash as an anonymous crypto?
https://bitcoinmagazine.com/articles/interview-dash-and-coinfirm-on-digital-currency-compliance-partnership-1475867943
There's no value in making crypto complaint when the principal design is peer-to-peer. This goes against the core fundamentals on which bitcoin was founded. Why would someone want to use crypto that is compliant when they can use fiat currency that is far more stable as a measure of value and accepted in more places.. Bitcoin adoption and cryptocurrency in general is a movement to replace the existing system with a crypto economy not comply with regulations made for financial institutions. The goal is to get merchants and customers using crypto not some regulated fiat replacement or card that interfaces with existing clearing house infrastructure. Apparently the people working on this coin didn't read the first sentence of Satoshi's white paper..
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
- Satoshi Nakamoto,
https://bitcoin.org/bitcoin.pdf
https://bitcoinmagazine.com/articles/interview-dash-and-coinfirm-on-digital-currency-compliance-partnership-1475867943
There's no value in making crypto complaint when the principal design is peer-to-peer. This goes against the core fundamentals on which bitcoin was founded. Why would someone want to use crypto that is compliant when they can use fiat currency that is far more stable as a measure of value and accepted in more places.. Bitcoin adoption and cryptocurrency in general is a movement to replace the existing system with a crypto economy not comply with regulations made for financial institutions. The goal is to get merchants and customers using crypto not some regulated fiat replacement or card that interfaces with existing clearing house infrastructure. Apparently the people working on this coin didn't read the first sentence of Satoshi's white paper..
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
- Satoshi Nakamoto,
https://bitcoin.org/bitcoin.pdf
Let me correct you by quoting from the very article you are referring to : https://bitcoinmagazine.com/articles/interview-dash-and-coinfirm-on-digital-currency-compliance-partnership-1475867943
Quote
Speaking withBitcoin Magazine, Ryan Taylor, Director of Finance at Dash, says that this new collaborative effort with Coinfirm will open up potential opportunities to “expand into products and services that we haven’t been able to provide or integrate in the past. We’re super excited about this because it’s definitely a game changer in terms of what we can do moving forward.”
Taylor notes that nothing will fundamentally change with Dash’s core protocol, product and privacy elements as a result of this partnership. What this move addresses, he says, are efforts to build mass adoption through the addition of new products and services through various business partnerships.
Taylor notes that nothing will fundamentally change with Dash’s core protocol, product and privacy elements as a result of this partnership. What this move addresses, he says, are efforts to build mass adoption through the addition of new products and services through various business partnerships.
Basicly it opens the door for more mainstream business customers while still providing privacy services to those customers that need it. The reason Dash can make this work is because Dash privacy elements that are integrated at core protocol are of optional nature. Users choose to have privacy with Dash or not.
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