Very interesting stuff about putting your ID on your DGB. I'm all ears. But what about those who don't do the same? And the thief who hacks your wallet and steals your DGB? We still wouldn't have a 'paper trail' to follow those funds. We don't have that kind of problem with money in our savings accounts, certificates of deposit, stocks, bonds and other financial instruments. A digital currency needs to provide the same guarantees if it truly wants to gain "alternative" status.
When the winners finally progress beyond virtual play money status and really turn into viable alternatives, the IRS will make sure this is done. Make no mistake about it. What's more, the winning cryptos will be those that get out in front of the curve, actively seek legal advice on the matter, and even work in conjunction with governmental agencies to find the best way to implement the real accountability that 'legal tender' requires.
And just imagine the technical nightmare that this kind of eventual regulation will create for the unprepared coins, especially for those with sizeable block chains and large distributed networks (another reason to get out in front of the curve early on).
Well, any movement on a DGB address can be tracked with IDs and a person cannot have multiple DGB address on the same exchanges or wallets, lets say... but they have on other different exchanges or personal wallets as long as they are all registered onto the same ID which is on your name.
For people who does not want this happen, they can go ahead with their unregistered DGBs and do whatever they can... but in the end everybody will be encouraged to register since all those exchanges and places where you can spend will be with governmental based network
But you will see others may accept without government permission or taxation... etc...
In the end DGB is DGB either it will be used as government registered or not.... but I think governments should not do this compulsory but also should not encourage individuals not to register, which will be the most probabilistic case...
I think a system like this can be started and leave it for beta for at least a few years and see what happens.... and find the cracks and patch them along the way...
A few years later maybe DGB can be the very first governmental based coin which can be used all over the place where you can spend FIATs.... but remember, there will always be extra charges like taxes, conversions... but they can be kept very low to attract people to use crypto currency.... And banks will not be able to stay away from this block chain technology this way... coz they will lose steam and they have to get involve.... maybe coins can be stored in banks storage and security... The same way we have now.... But will be able to use it any time with no limitations.
Block chain tech is great but has to be traceable... this is inevitable if we want governments to approve crypto... Therefore, we should do this before governments creates rules on their own....
But this will also bring some limitations like creating new coins and new technologies.... At least SCAMs will be out and there will be laws and regulations for creating a coin with a unique feature...etc...
Lots of ideas... and brain storming.... can be done on the way....
) anybody who wishes to partecipate, by both commenting or tipping, is welcome!
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