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IDentabit / Re: [ANN] IDentabit Announcement
« on: August 13, 2015, 12:56:33 am »What is your timeline? SETL already has 100k transactions per second and are moving quickly to start processing orders on the Canadian exchanges.Regulations are a fact.
I feel Anonymity was the one thing that was holding people in crypto together. Now this is going to split the community as we have already seen from Erlich Bachman. Divide and conquer.
You say this is like a Trojan Horse to the banks, but you are allotting the majority of your funds to "strategic partners"... Investors don't give a shit about anything but making money. Building a Trojan Horse to take down banks is on the opposite end of their ideological spectrum.
I get the "Rah Rah, we are doing this for bitshares!" thing, but it seems like a facade so that we go along with the idea. I'm all for making money and my bank account hopes this is tremendously successful, but until there is a real plan for converting people to freedom and privacy this just looks like another version of SETL or Ripple.
The best shot is to make a system mainstream that is compatible with all regulations and which allows to easily switch to a similar system (bitshares) with privacy if needed. If users are familiar with identabit they get easily familiar with bitshares and can easily acquires it.
BTW, privacy is nothing illigal. It is just that regulations require non privacy for SOME types of transaction (financial transactions, especially above a certain amount etc.). By privacy I mean here that no one (also no government agency etc) can see what/how much you transact.
