Design the solution - then you'll see why nobody does it ;-)
The whole process, not just the idea.
Ringfenced "freedom".
RE: Unshackled minds - IMF = world bank rattled
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Unshackled minds - IMF = world bank rattled
Yes, as one who has seen most exchanges ban my presence I get that. But seems like there could be a workaround. A market something like localbitcoins only Blurt centered, where users sell it amongst ourselves.
Or perhaps a partnership with an existing model that allows for fiat to crypto via debits and such.
The point that was made is valid, the first chain to brave that frontier will see an astronomical growth if it becomes as easy to buy the token as say buying worthless Fakebook game tokens or Reddit gold packages etc.
I have no doubt if this had ever been implemented there would have been many times over the years I would have bought 10.00 here and 20.00 there, which adds up over time.
Right, I was gonna say that that is far more likely done by an exchange that issues a coin rather than by a coin that constructs an exchange... and, we already have one = Binance BNB!!
The point I was making is that somewhere along the chain one either needs a licence or contract with a bank or, as u said P2P, which requires huge trust. or much better live escrow systems, similar to bridges.
Binance BNB is no different, as it offers no fiat buying which is the heart of this topic.
Binance accepts credit cards for crypto purchases.
I'm dead to Binance, they are dead to me.
The real Binance cut me off quite some time ago because I'm in the U.S., and their fake U.S. company quickly gained a reputation for theft that it took Coinbase some time to build.
Like Coinbase, they are getting Trustpilot to delete a huge amount of bad reviews and they still have a horrible rating of 1.2 out of 5.
https://www.trustpilot.com/review/binance.us
As much as the regulators here in the U.S. keep claiming to regulate for the safety of us citizens, they have turned a blind eye for years on these exchanges simply keeping your money and with their silence sending a clear message to fuck off, they aren't giving you the money back.
I also no longer have a functioning Binance ac.
Financial regulation is designed to shaft the individual while promoting a rat-run of scammers to operate from offshore havens for a fat fee. This includes crypto now. Long ago had some interesting meetings with people who facilitate such arrangements, and the available options. All thick as thieves - legalised criminals.
There are backdoor ways of doing it, like hive do via steemmonsters, you can buy tokens via there then exchange them for hive on h-v. (paypal)
Right, but can you in the end come back to fiat?
I don't like paypal much and they also seem to have ringfenced their crypto wallet. having said that, I havent tried to use it as I'm not sure how long my account will last (usual expat issues).
"Right, but can you in the end come back to fiat?" That would have to be done via exchanges or an inbuilt on site mechanism.
When I lived in Pattaya I was selling all the gear around Pattaya, paintings, clothes, hi-fi and so on, when I first arrived I had paypal problems, emailed them some documents, never had a problem with them again.
Other people left when paypal locked their accounts, all they had to do was talk to them.