Disruption of fiat currencies by cryptocurrencies

in ethereum •  7 years ago 

The solution to this potential disruption is to do an instant conversion of dollars to cryptodollars on a fork of the ethereum or bitcoin blockchain. I have long felt that the anonymity of blockchain transactions was a bad thing for the ecosystem. The problem can be solved by any of the transactional entities, like exchanges or banks, refusing to validate transactions that don't have a traceable identity - traceable to an actual person. The invalidated transactions could go to the UN for charitable purposes and programs. Trading crypto on exchanges that don't support the "commons" would be a clear indication of a desire to flout national regulations for "common" interests and these exchanges themselves could be taxed or regulated out of business.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!