What happens if your reserve gets seized by the government? Please don't say it won't happen. What's going to happen with your customers then?
to awnser your question:
- Our reserves are in eskrow accounts, which means they are not a company asset
- Also we have multiple accounts in differtent countries.
- Furthermore we are convinced assets will not be seized if a solid administration is kept regarding fiat and digital currency amounts
You know whom you could ask about highly unlikely scenarios? Go talk to people from Greece and ask them whether they expected their government to seize funds and fully stop cash withdrawals from their very own bank accounts with their very own money
Crypto is here to solve central point of failures over time! Not saying your project isn't worthwhile, but there will be superior decentralized models in the future since there is a market for that. My friend, your talking about a bankrupt country who goverment and financial institutions (core banks) had spent way more then they could for years and years, A goverment who collected little taxes. People go in retierement at the age of 55, which pension funds could never sustain...... It is more then highy unlikely this ever happens again and if so goverments can't take what they want wen they want...... your creating a doom scenario based on somethinnng that happend during a global financial crisis ...where there any Euro's seezed...no... where there any dollas convescated..... no..... .
No I am not. Do you know what the biggest risk is when it comes to Tether USDT? That the reserve gets seized (if there is any). What's then? Should I come back to you and have a chat with you?
So what you basically saying is that all project regardings asset backed coins, lending, banking, investment funds, property investment etc are at risk because the goverment could seize there assets??? Your talking nonsense, with all respect...nothing personal offcourse, let that be clear.
You give me 1 example of a seized account by a goverment and dont come up with terrorist accounts etc or criminals and that shit, because its pretty normal their stuff gets seized if their caught and convicted.,....... i bet you cant.
