Despite of trusted third party issue, the question of fungibility remains. If a person can inadvertently receive “tainted” coins, they can have problems with authorities even they keeps own wallet.
From ICOs to centralized exchanges, little is more common in this business than trusted third parties screwing the naive people who trust them. https://nakamotoinstitute.org/trusted-third-parties/ …https://twitter.com/Codiox/status/1012444764946518022 …
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TTPs make it far easier & far more common.
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Do you believe non-exchange businesses that accept Bitcoin might increasingly do AML/KYC?
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Depends on the kind of business, jurisdiction, politics, etc.
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Trusted third parties (TTPs) have their cons, but they have benefits too and society needs them. Not everyone will want the responsibility of safeguarding their own private keys. TPPs need to get better for sure. But rather than vilify them, let's improve them.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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We need extremely secure wallets
Thanks. Twitter will use this to make your timeline better. UndoUndo
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You da man Satoshi
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