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RE: NANO (Raiblocks): EVERYONE deserves their OWN blockchain

in #cryptocurrency • 7 years ago (edited)

Great analysis! You got my follow! Anyways, if you wanna know why the price of Raiblocks is tanking so hard, read this:

https://steemit.com/bitgrail/@stevensteel/bitgrail-exchange-blocks-all-raiblocks-withdrawals-xrb-s-price-tanks-breaking-news

7 years ago in #cryptocurrency by
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     7 years ago 

    It's a good point. Keep in mind "KYC" (Know Your Customer laws) is something force-fed to banks by government, mainly for tax purposes (finding tax cheats). This indicates a few things:

    1. BitGrail has been lassoed by government into compliance. Fine for most, but SOME crypto-folks wish to avoid this type of meddling. Thus BitGrail may suffer more than Raiblocks owners.
    2. Raiblocks is singled out for not complying with KYC, and this is telling for many. For those relishing the anonymous nature of Raiblocks, it's a good sign. For those wishing to remain on what we call the "white shoe" side of things, it's a fleeing canary out of a coal mine.

    thanks for the comment!

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     7 years ago (edited)

    Wow, thank you for the detailed response! I agree - Raiblocks anonymous nature lumps it in with the other privacy coins when in reality it is so much more than that! I really enjoyed having this conversation with you and have also followed you - would love if we could connect on Steemit!

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