๐ง Hoskinson is preparing for a "soft revolution": a privacy stablecoin - but according to the rules?
Charles Hoskinson (Cardano) announced his intention to create the world's first stablecoin with cash-level privacy, without breaking the law.
๐ The gist of the idea:
* Complete privacy during transactions;
* Selective disclosure of data for AML/CTF upon request;
* An analogue of "cash in the blockchain", but without the toxicity of Monero.
โ ๏ธ Context:
Privacy coins are already banned in the EU, the US and South Korea. Monero and Zcash are regularly delisted from exchanges. Their problem is either complete anonymity or complete expulsion from the markets.
๐ฏ Hoskinson wants the impossible:
* Give users privacy;
* Keep listing on centralized platforms;
* To please regulators without destroying the essence.
This is a razor's edge move. If it works, Cardano will become a legitimate home for private finance.
If not, it will be another "private project" that will lose liquidity and trust.
โก So far, everything looks like an attempt to reinvent Monero on steroids and in a lawyer's suit.
