Topic: Dithritium -- New Anti-Whale & Anti-Money-Laundering Crypto (Read 97 times)

It seems with the current debacle of increasing regulation, mainly being pushed in the US, we'll find ourselves in a tough bind. Either to comply with these regulations, see decreased profits, increased fees, less flexibility and eventual possible bankruptcy or to disregard them. For what? To prevent terrorists laundering money? When in reality they probably wouldn't even use cryptocurrency to fund activities. Or, more likely, to prevent the sleepless nights of bankers as they panic and rush to accumulate what they can? This is why the DITH team created Dithritium, a sort of early form of compliance with increased regulatory authority, without having to go through the red tape and standard processing times that it would take.

Imagine a cap on transactions, if the transaction is over, it fails. That's what we did with Dithritium, if the transaction is above 10 collectibles, it fails. This is to prevent large shifts of money moving around. Furthermore, to prevent large swings or volumes on one exchange there is a cap of 10% against any exchange. Lastly, there is a superficial burn rate of 25%, which prevents anyone from moving money around. However, there is one burn-free trade every 180 days, including the first to allow someone to shift money in a very seldom fashion. This would reward individual users over the network and allow individuals to hold their reserves and prevent supposed criminals or other bad elements from using the system.

Thoughts on the increasing regulations and how tokens can comply with them in advance, without having to go through actual agencies or have enforcement outside the blockchain?

For future reference, here's the decentralized static Dithritium website. Anyone can fork it.

https://dith-dithritium.github.io/home/