No More KYC with ShapeShift
erikvoorhees.medium.com
No More KYC with ShapeShift
1–10 of 78 posts
Re: No More KYC with ShapeShift
#2The article is light on technical details, but if Eric managed to actually pull that off in a truly decentralized manner, this is quite an accomplishment, congratulations.
Re: No More KYC with ShapeShift
#3Seems unlikely that they are actually going to be able to get around KYC.
Re: No More KYC with ShapeShift
#4how will they make money if they aren't involved in the transaction and won't transact with the customers?
Re: No More KYC with ShapeShift
#5For certain ERC20 tokens... but great move, and hopefully they can extend it to Bitcoin and others soon as well.
Re: No More KYC with ShapeShift
#6I assume that Treasury will have their own view of this, but I generally applaud attempts to shake status quo. I will be checking on you guys from time to time now.
Re: No More KYC with ShapeShift
#7Decentralized trading seems like it would be a problem from the perspective of paying your taxes. Or maybe not. Maybe it’s just the honor system.
Keep track of all your assets, what you bought and sold them for, and tell your accountant if you have one. Or learn the tax laws surrounding capital gains.
Re: No More KYC with ShapeShift
#8Did ShapeShift migrate to a Uniswap-like dex?
Re: No More KYC with ShapeShift
#9For certain ERC20 tokens... but great move, and hopefully they can extend it to Bitcoin and others soon as well.
Bitcoin is challenging because sadly most wallets don’t support custom transactions like metamask does.
Re: No More KYC with ShapeShift
#10Seems unlikely that they are actually going to be able to get around KYC.
Why would they need KYC if they don't handle any money?