If you want the transaction volume to go up, sell something that people want more than their bitcoins.
Post by twetch#561
I would do it slightly differently
twetch#561 5.8y
If you want the transaction volume to go up, build a business that uses bitcoin in innovative ways requiring onchain transactions. Turn that into a product that people want more than their fiat currency, and sell the fiat for bitcoin to run your business.
What the chain says
- Block
- 667 608
- Time
- 2020-12-28T23:42:08Z
- Signer
- 1F8Xao4zgGEcfZRQpn1SroARGbCK4CjkyC
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#561
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1F8Xao4zgGEcfZRQpn1SroARGbCK4CjkyC VerifiedReplies (7)
Indeed!
If you want the transaction volume to go up DESTROY KYC SO CONSUMER APPS CAN BE USED WITHOUT PEOPLE NEEDING TO GET ON EXCHANGES
you don't need KYC for fiat payments which is what your clients pay your business in my solution.
people using consumer apps earn the bitcoins instead of buying them, so no KYC needed neither.
we bypass KYC instead of trying to fight it upfront
Also, I’m fairly certain KYC isn’t required under a certain threshold. Something like $200, IIRC.
If you support KYC you are my enemy. Side with KYC, you hate BitCoin.
You have no f*cking idea what the means.
You will soon.
Have a nice life.
You will now discover me when pissed off.
And no. You could have had proof.
Theoretically. But it's law, so no one ever knows for sure. Depends on the moods and incentives of the regulators and judges.
The risk/reward isn't there for companies like Stripe to mess around with it even if it was legal. Law stifles upstarts.