The internet must be stopped - Jody Bruchon
(www.youtube.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (47)
sorted by:
Nope, quite the opposite. Clearly, you can start by considering the difference between DEX and CEX.
Within DEX, especially as a consequence of MICA & Stable, there are new KYC requirements implemented, and actually, there is a lobby group in Congress that want to go even further.
This push defeats what crypto is all about. And what Crypto/blockchain is all about is the starting point.
That is why it concerning that Layer 2 and 3 are enclosing on BTC. BCH, Monero. Fortunately, there are those who comprehend what is going on and Look for ways to natively link these concepts, so as to make BTC standout from all other DEFI solutions without the stablecoin trap.
I’m still not following, sorry.
What is “trusting web3” then?
I’m guessing you’re against layer2 and layer3 development. I’m not well-versed on those as yet.
I definitely don’t like KYC on DEX applications. Very antithetical.
Think of data you are sharing and the signature a put out there when connecting your wallet. When you contract in a digital way: how do you guard your rights?
Read the doc I referenced and look at the process closely. Not only from a Us centric point of view, but also from a MICA point of view. The vector of intention between the two systems will clash. And then I do not even want to consider the effects of a decentralized organization of who's responsible for what. Technically, you are bearing the brunt of their mistakes, omissions, fraud, etc.