150 sats \ 0 replies \ @llamabyte 30 Jul 2023 \ parent \ on: Let's discuss El Salvador's Volcano 🌋Tokens. Here's ABSOLUTELY everything: bitcoin
You can use > before a line to indent a quote fyi.
you say without any evidence. I have evidence Billions are moving around with NO regulation. In a worst, trustless environment then investing in El Salvador.
Society is made up of individuals. You cannot show me "society" I can show you an individual. Removed from Society an individual still exists.
That does not matter when you are investing in Volcano Bonds. All that matters is that the government and the company pay back whatever the result of a bankrupcy proceeding is. If 100 accounts owned by one person pump ES bonds, it does not change the fundamentals of the project or the abilty to refund those accounts. Pump and dumps are only a concern for NON bitcoin shitcoins, annoymity is not. It's like saying a person can only own 1 oz of gold and if they own 3 they are pumping gold. It doesn't make sense to say that.
false
yeah, the tradeoff is tracking funds, you advocated for the government having the ability to KYC individuals to prevent Crime. Which is Tracking. You don't even know what your are saying. That's ok but learn how and why bitcoin started.
I agree, but you were stating that it was a necessity to pay back investors, it's not. You do not need KYC to pay back investors any more than you need to know the real names of a silent partner in a corporation. KYC creates a potential for harm down the road that does not need to exist. Like signing up for random online lotteries and wondering why your email and password are on a hackers database.