Bitcoin Forum

Another friendly reminder that XRP and STR are not cryptocurrencies but centrally controlled tokens.

Two examples what can happen:

1. STR 2017 giveaway. They are very "sorry" that they have to identify the owners of all wallets, who want free STR. They are using facebook or exchange ID verification, to ID every participant. This means every STR and BTC owner who participates will be in their ID database (to be shared with government in realtime I suppose)

https://www.stellar.org/blog/bitcoin-claim-lumens-2/

If you’re not using an exchange, then law requires us to ensure you’re not on the U.S. sanctions list or located in any of the restricted jurisdictions listed above. We’re using Facebook account verification to complete this check.

You will ask, where is the problem? No one has to participate in giveaway.

YES but the key is that regulatory pressure forces them to ID every person who receives STR. They may have to ID everyone who owns STR from other channels in the near future. They can easily enforce that because they control STR. This would result in an epic dump for sure.


2. XRP forcing Ripple Trade (early version of online wallet) to provide ID when "retrieving" tokens. Due to regulatory pressure.

https://id.ripple.com/auth/migrate

In order to retrieve your secret, we will collect certain information from you. Once your identity information has been verified, you will receive an email which will include a link to your settings page where you can retrieve your secret key.

They could be forced tomorrow to ID everyone, by shutting down XRP network and "politely asking" to provide ID to "retrieve" tokens LOL

XRP and STR are tokens issued from financial intermediaries. Everybody has the right to risk/speculate/burn hsi money but at least be informed about it.

Enjoy!!

You such a waste of time  ;D

Recommend everyone not even reply after me, save your time!