Being a security would prohibit it from trading like tether across exchanges
also as payment is (initially) settled in fiat … I’m not sure if juristictions would see this as a threat to domestic sovereignty …?
Its actually is a much better form of money than Tether… imagine it circulating P2P over Nashapp
I suppose this is a model that Bitfinex took with Tether way back. we would be doing the exact reverse to them in fact with their subsequent launch of LEO
A fairly simple way to draw attention to nash would be to be the first to list state tokens ( china, usa , ue … ) and libra tokens from Facebook and gram from Telegram. if we can be among the first and not wait too long, users would naturally come to nash
With all the advantages that Nash’s technology offers, adding new chains quickly is not one of them. Exchanges like coinbase or bakkt or binance can setup wallets and be ready to start trading on their centralised database. With Nash it’s much more complicated and will therefore take longer.
From a regulatory perspective, Nash is solid but I don’t see them acquiring the licences to list things like gram or libra before Coinbase or Bakkt.
Just trying to keep things in perspective.
Nash has a lot of unique features that it offers, including its non-custodial wallets, compliance, and strong community spirit. A lot of great products spread through word-of-mouth, so the community is quite key in doing this. Mainstream investors who want to know their funds are safe will definitely prefer an exchange that is compliant and non-custodial, meaning that the exchange won’t be shut down by a national or state government and user funds will never be lost.
Yeah I’m hoping the non-custodial aspect will curry favour with regulators.
Other than that, the multitude of benefits that Nash offers (security, design etc) should go some way to mitigating this.
I insist we must be open to others as much as possible! if we stay there to discuss among ourselves and to self-congratulate it will not lead to anything. Nash should remove a maximum of barrier to the community to make the project explosive.
Thinking about ur point on costs of slow implementation and mitigation
~ As soon as developer access is granted on high profile chains we should be
working on them. Some may change and / or never come to market… so there’s a risk trade
off.We got to hunt out these projects and start working on integration as early as possible
maybe there wil be a point in time where we have the free dev capacity
If u look at Libra their testnet has been available for a long while for known reasons
If Nash was profitable and had several hundred employees then dedicating a handful of engineers to this would be fine, but with just 30 employees it’s too great a risk to take right now
retail driven possibility:
Integrate with Shopify etc > reduced transaction fee to merchant (stable coin) > passed on to consumer at checkout>“Comparison websites” act as accelerant> more merchants adopt … up spiral
unwittingly, shoe shoppers are making purchases over DLT … just gotta get them to download the app at “checkout” and deposit funds. Think that’s possible with “faster payments” in Europe
prob should add some kind of extra incentive NFT’s rewards
interesting u could probably go a bit nuts here with rewards at a very low cost to production using DLT … and easy to verify which account should be rewarded through influencing purchases
maybe even have ad rewards like BAT hooked in
screw it just become an online ~ Market place/ Bank/ Payment processor/ Investment platform/Social media platform lol
