It is widely written the need for regulation within the cryptocurrency ecosystem.
The debate focus primarily on the matter of security, against events such as organized crime, and clandestine activities.
The Satoshi Nakamoto paper, the spark insight into the whole ecosystem that we all know and participate today, focus and attract users because of mainly it's:
-innovative approach
-decentralization
-low fees and
-transparency
The matter of transparency has been ignored by two successful cryptocurrencies platforms which is somehow performing successfully in the exchange, Zcash & Monero
Zcash marketing headlines uses Bitcoin as a parameters to sell the opposite idea, it goes:
The issue of transparency is completely written OFF here.
In Monero the marketing headlines is non different and it goes slightly further:
Again, the issue of transparency is completely written OFF here as well.
It all comes down to the basic principles of relationships.
Have you ever noticed that when someone is afraid of their dealings?
We all know by experience, that this kind of attitude offers a high probability that something not truly right is going on behind the scenes...
In few words it is a technology which allow two users to exchange information without revealing their identities.
There will be a time, when clients, customers like you and me , will be able to discern, to choose and it will be common to hear:
'-I do not effectuate transactions with this business because this business uses Monero.' or
'-I do not support this ICO project because it's not transparent.'
In the end if there is to be regulation, it should not be to the whole ecosystem but rather towards each cryptocurrency characteristics.
At Guarani -GUA our Smart contract was design on the Ethereum platform.
What Etherscan.io does is what used to be the dashboard characteristics of closed doors centralized business model and we really love this open transparent approach that assist our management team, token holders and the curios cat alike, I mean anyone with a browser is available to see not only Guarani – GUA transcations but all ERC20 smart contracts dealings.
A truly transparency approach, right in the front of anybody eyes.
Zcash and Monero betrayed the root, the principles of Satoshi Nakamoto paper in an attempt to bring us back to the same hidden infrastructure of central banks – the Fiat system.
The cryptocurrency ecosystem , as Stephan Mollinex emphasizes 'is the only transparent, economic decentralize alternative, the great innovation of the human history since the Magna carta. He goes on to say that historically, politicians have always fought for the power to create money out of thin air, so they can increase their spending...' (here a good reason for untraceable platforms like ZCash & Monero which in this context assist traditional politicians dealings).
You mighty disagree and you have the right to do so, but in the end it is all a matter of actions & reactions, the natural principle of Universal Law and when we pay attention to the wisdom of spiritual oneness - one with all and the universe, those platforms like Zcash and Monero instigate in all of us only one thing...
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