Wow, wtf? You didnt know that stablecoins based off of government currencies, need to comply with governments rules? That’s precisely why Tether is so fucked, and these ‘stablecoins’ will see little usage. https://twitter.com/backus/status/1042526197844926464 …
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Replying to @Bitfinexed
They don’t have to give direct smart contract access. That is what the “wtf” is directed at as I mention in the second tweet. AFAIK, Gemini Dollar does not give the government direct control like PAX does for example
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Replying to @backus @Bitfinexed
Maybe it's the wine (second glass), but I'm not sure I understand the difference.
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Replying to @ahcastor @Bitfinexed
Ability to freeze and delete without permission vs via a subpoena for example. Similar to the government having direct access to FB data vs having to subpoena per case
6:08 PM - 20 Sep 2018
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