I am aware that if you interact with fiat you have to do KYC and AML. You don't have to do that for Bitshares X itself but for the on-ramps and off-ramps.
I know about the referral plan. I recommend the Bitshares team get in touch with Coinkite.
What is KYC & AML ?
Yeah, from the context of the comments I thought as much.
This is where the rubber meets the road. If you want to grow and appeal to the masses it seems you have to give up privacy. Well, that's the proposition, but do we? I certainly can see cases for a "yes" answer, but I don't like the proposition - at all.
This is a basic philosophical conundrum. It was the wedge that got us the "Patriot" Act. It may be mankind's Achilles heel.
People flock to incentives. What is an incentive for one man is not for another. Unfortunately the incentives for people who don't value privacy as much far outnumber those that do.
It's really hard to understand I3's overall principles regarding privacy if KYC & AML policies are baked into the code along with TITAN and all transactions using different encryption keys.
The only reason I could explain those two concepts being used in the same tool is that accommodating KYC & AML to appease government regulators is a different class of privacy than peer to peer privacy or privacy for non government entities.
But one defeats the purpose of the other IMO. The power to track finances is the power to control them as well. It is the disincentive government uses for undesirable transactions and the incentive for where they want your money to go (like the rigged stock market).
I can't answer the question of whether BitShares should accommodate KYC & AML. If I had to vote for delegates on that issue I would be aligned with those that don't, but I am not in a position to know if enough money will flow without that support to tank the whole bitshares experiment.
Right now there's been minimal government intervention regarding bitcoin. But now that the blockchain technology genie is out of the bag governments will be more on guard and will look down the road further to gauge the effects of crypto efforts. I just hope they're slow enough to react to allow us to gain market share momentum to stave off gov. aggression.