Quote:
Originally Posted by '-'_@_
One of the core tenets of cryptocurrency is the separation of identities from transactions, the antithesis of Anti-Money Laundering and Know Your Customer, so no. Of course it would be possible to implement something, but why?
Try this exercise:
"One of the core tenets of
CASH is the separation of identities from transactions, the antithesis of Anti-Money Laundering and Know Your Customer, so no. Of course it would be possible to implement something,
but why?"
Because, perhaps, the owner of the cash/crypto wants to use it to play poker on a site which has tons of traffic, good software, great game selection , etc.
The core question is not "Why implement something for that specific use that allows him to spend his crypto?",
but "why not?"
I would think that "one of the core tenets" you cite from somewhere might be to allow crypto users the maximum freedom to use their property however they see fit. I don't think a crypto owners should feel intimidated by your notion against using their coins if they need to reveal their identity to do so.
I'll go further, if someone wants to use crypto to buy a car, a house, some intellectual property or anything else which involves registration of ownership post-acquisition, would you think that use violates one of the "core tenets" you reference ?
The crypto markets do not seem to penalize the value of coins which have through "known" owners' hands. Coins are considered largely fungible and their value is independent of their prior usage.