Review on Haven Protocol by Amit Singh
Private and decentralized multi-currency bank account for everyone.
I think in case of taking it it will be stopped or reduced a bit. In the case of point-of-sale and payment gateways, I have been able to mention explicitly. Governments do not allow and do not allow stores, shops, sole traders, etc. to continue to sell goods or services without any duty. Regardless of where you keep your money or what you are doing with it, the fact that you are conducting any business and transacting in their country / state is enough to keep an eye on you. Yeah Al that sounds pretty crap to me, Looks like BT aint for me either. It would be very foolish to try to “hide” it from them at the risk of fines.
Similarly, saving a lot of “offshore” money will draw the same kind of attention that one day you want to cash in and spend it. Governments will always see and demand their cuts. This is not his fault at all, all privacy coinage is something inherited from real world use. It will be interesting to see what steps governments take when it comes to the use of privacy currency for day-to-day transactions.
Pros
- The benefit of starting blockchain from scratch with ringct for extra privacy is that offshore storage means privacy conscious people can keep their money in an unavoidable currency subject to market fluctuations.
- When users burn tokens to create a fixed price, allowing them to come into contact with the natural price movement of the market, it is used to facilitate cryptographically unknown supply fluctuations in total supply.
Cons
- Team is totally anonymous website shows only name and avatar no details about team members. Some investors may be put off by the lack of team details.
