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No More KYC with ShapeShift

erikvoorhees.medium.com

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Re: No More KYC with ShapeShift

#31

Post by vizzah »

tigereyeTO wrote: post #26

CISO of ShapeShift here. If our values speak to you, and you're a security researcher - WE ARE HIRING https://shapeshift.com/careers In liberty, --Michael

"Remote" job, physical requirements: "The employee must occasionally lift and/or move objects up to 50 pounds." ;-)

Re: No More KYC with ShapeShift

#32

Post by asdfasgasdgasdg »

ur-whale wrote: post #11
A4ET8a8uTh0 wrote: post #6

I 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.

> Treasury will have their own view of this, What will be interesting to see is if these views are physically enforceable. Having more technical details would be interesting.

As long as the officers of ShapeShift or its shareholders are within reach of the U.S. government, those rules are physically enforceable.

Re: No More KYC with ShapeShift

#34

Post by oh_sigh »

markkat wrote: post #13

>When an individual is accused of a criminal offense, it may be reasonable to dissolve their privacy to some degree in the search for truth about that offense. >However, KYC dissolves the privacy not of certain specific individuals accused of wrongdoing, but the privacy of all individuals, none of whom have been accused of anything. >We can do better than that as a society. Warrantless surveillance of all people cann…

I have no idea how this system works - how are you harmed if someone claims unemployment in your name?

Re: No More KYC with ShapeShift

#35

Post by vlovich123 »

simon_kun wrote: post #23
aidenn0 wrote: post #18

Earlier quoted context omitted.

IPOs raise money in exchange for equity, they don't create any profits.

I understand. Governance tokens are equity (usually with voting rights), and are used to generate a capital base for a decentralised product (think: crowdfunding). Not all governance tokens are airdropped and the secondary market for said tokens often results in them appreciating over time. I would suspect shapeshift to fund itself and generate wealth for the founders through doing this both at the point of issuance…

With no incoming revenue, it seems like you've just described a pyramid scheme, albeit with extra technical steps. Can you help me understand the difference?

Re: No More KYC with ShapeShift

#36

Post by tigereyeTO »

Permit wrote: post #28
tigereyeTO wrote: post #26

CISO of ShapeShift here. If our values speak to you, and you're a security researcher - WE ARE HIRING https://shapeshift.com/careers In liberty, --Michael

I'm trying to better understand Shapeshift's business model. How do you make money?

ShapeShift is a platform that provides users with much more than just trading: we are a mobile wallet, a hardware wallet provider with KeepKey, a DEX, and an easy place to manage your crypto assets while retaining control of your private keys. And, for developers, we’re building a powerful software development kit (SDK). ShapeShift is building an ecosystem with the FOX Token at its core, and there are many opportunities to ensure a sound business model within it. We are looking to continually build value into FOX Tokens for the benefit of its holders while establishing a solid financial foundation for our company and our employees.

Re: No More KYC with ShapeShift

#37

Post by tigereyeTO »

vizzah wrote: post #31
tigereyeTO wrote: post #26

CISO of ShapeShift here. If our values speak to you, and you're a security researcher - WE ARE HIRING https://shapeshift.com/careers In liberty, --Michael

"Remote" job, physical requirements: "The employee must occasionally lift and/or move objects up to 50 pounds." ;-)

You gotta lift your laptop every now and then :P

Re: No More KYC with ShapeShift

#39

Post by csomar »

Permit wrote: post #28
tigereyeTO wrote: post #26

CISO of ShapeShift here. If our values speak to you, and you're a security researcher - WE ARE HIRING https://shapeshift.com/careers In liberty, --Michael

I'm trying to better understand Shapeshift's business model. How do you make money?

Some kind of a miner fee: https://shapeshift.com/miner-fees I think to be able to execute the transaction.
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