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RE: Bitcoin, DASH, STEEM, Ethereum, BCC, and TenX, in the flow

in #bitcoin7 years ago

Thanks for the insight.. I always get something to think about when I watch your videos. I think the "entities" inside the US are making it very difficult to attach crypto to any vehicle that can link it 'easily' to fiat. They are working on their "own" blockchain technologies and don't want the masses to have already adopted other vehicles that they don't completely control. All the new EU regulations that are now pretty much in-line with US regulations were to stop those that had access to international business or family from accessing the "fiat" debit cards that were available to them/other countries and used here in the US (most without strict types of verifications). All that recently changed. I actually did a blog about the changes: https://steemit.com/bitcoin/@avva/this-new-regulation-applies-to-all-crypto-currency-and-non-crypto-currency-cards-provided-by-all-eu-companies

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regulations are good for consumer protection, DASH being scammy and not being able to get a USA debit card for being scammy, is a good thing for consumers

I think regulations are good for consumer protections in the regular financial markets or converting to (as with a debit card) too, but I really wish there was a token-based debit card (which I think is being developed) because as merchants start to accept crypto, it won't need to be necessarily converted back to fiat.

will still need to have a phone number on the back where consumers can call and talk to a human being is there is a problem with the card

Absolutely agree!.. I just don't want it "centralized" where they can BLOCK it whenever they want and essentially "own" your assets until you comply with some changing rule they decided on -- because I know I don't get to comment on every decision that is made and I am often in the govt reg sites making my filings.

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