Can't decentralized exchanges be completely anonymous?
If a user sends some ETH to an adress and on some Bitcoin address a balance shows up - how would the SEC want to regulate that?
Let alone exchanges that are just a contract on Ethereum and only exchange tokens on the Etherum blockchain. What is the SEC going to do about those?
And what would happen if some country in the world tokenizes their property. Say a certain token on the Ethereum blockchain means ownership in a company in Sweden. What if a US citizen buys such a token by sending ETH to a smart contract?
So many questions.
Shouldn't these have been kinda answered already in regards to international exchanges? What if a US citizen buys stock on the Euronext Paris, the French stock exchange? Would the Euronext Paris have to be registered with the SEC? What if they are not? Are they committing a crime in the eyes of the SEC?
Not really, because the major service that exchanges provide is to convert between crypto and cash. The tremendous growth seen in the industry over the last few years was fueled by an influx of cash into the crypto markets by way of exchanges.
Dealing in cash means managing some sort of bank or brokerage account, which falls under federal purview.
Decentralized exchanges are... exactly not that. They only trade on-chain assets for on-chain assets. Fiat ramps are not part of what makes a decentralized exchange.
Which means those exchanges are, until crypto becomes a mainstream payment method for everyday stuff, completely pointless. And, as a result, crypto as well.
> until crypto becomes a mainstream payment method for everyday stuff
It sucks that this hasn't happened already. Monero pretty much just works, the technology is already there. People insist on treating cryptocurrencies like stocks instead.
> Which means those exchanges are ... completely pointless.
I wonder what entices people to execute hundreds of thousands of trades totaling USD equivalent billions in daily trading volume on these platforms then. Would you say that everyone using these platforms is basically out to scam others or get rich quick?
They're commodities. People trade in commodities millions of times a day, thats what you're describing. But unless it's possible to cash out into fiat they are completely worthless.
It's sad to see what has happened to crypto. So many scams and people using it as an investment opportunity. It will obviously never be able to replace fiat in it's current conception.
You get a token by swapping other tokens you already have. If you don't have any tokens and don't wasn't to bup tokens for cash than you can enter give aways, or work for someone willing to pay you with tokens.
The apps work similar to a browser, so we don't need access to the website's source code. And yes, for Android you get the aab file you can upload to Google Play. For iOS, we upload the app to your developer account for you, since that's the easiest way there.
We obviously don't inject malicious stuff since that'd ruin our reputation immediately (& open us up to lawsuits). I could see that happening with free app builders, but we make our money from subscription fees, so we have no need to turn to such illegal stuff to monetize the apps.
Even going open source wouldn't solve the issue, since most customers wouldn't be able (due to lack of technical knowledge) to compile the app themselves.
Mostly it is asking for reader/listener donations in a non-aggressive way. For example, if one is reading on the site, the request for donations appears only if one reaches the end of the text. If listening, the request comes after the story. This is supplemented by licensing our work occasionally to magazines, other websites, etc., and a wee bit of merchandising.
Soon AI will not need a lot of training data anymore.
Anybody will be able to let their computer listen to one Metallica record and say "Do you hear this? This is called heavy metal. Can you make an album like this? With distorted guitars, a screaming singer and heavy drums?" and the AI will understand the whole concept and make a new heavy metal album.
If a user sends some ETH to an adress and on some Bitcoin address a balance shows up - how would the SEC want to regulate that?
Let alone exchanges that are just a contract on Ethereum and only exchange tokens on the Etherum blockchain. What is the SEC going to do about those?
And what would happen if some country in the world tokenizes their property. Say a certain token on the Ethereum blockchain means ownership in a company in Sweden. What if a US citizen buys such a token by sending ETH to a smart contract?
So many questions.
Shouldn't these have been kinda answered already in regards to international exchanges? What if a US citizen buys stock on the Euronext Paris, the French stock exchange? Would the Euronext Paris have to be registered with the SEC? What if they are not? Are they committing a crime in the eyes of the SEC?