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21  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AML BitCoin Token Sale is now LIVE ! on: October 06, 2017, 09:04:49 AM
I'm sure you're busy right now, but I would appreciate if you answered the questions I posted above before I part with my hard earned BTC.
22  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AML Bitcoin Token Sale Main Thread - Launches 6th October @ 00:00 PST on: October 05, 2017, 11:30:25 PM
Interesting project, I read the whitepaper but I have some questions (which to my surprise haven’t been asked already);

1. 2.3 Identity Verification: The Digital Identity Trust Network (DTN)

DTN appears to be a separate entity to the NAC foundation and processes the verification of users (through government issued documents and biometric means) needed to get access to the AML blockchain.

Could you please elaborate about this; how can I trust DTN? Is there any regulatory oversight on this company? Is it being audited? Do they store all the ID data on their own servers and on the NAC servers (and how do they communicate)? And how are the costs of verifying AML users being covered?

2.3.2 Explains how users can identify; 'they select their Country of residence, and State or Province'.
How do I know my country is on that list? If not I cannot convert AML Token to AML Bitcoin.


2. 3.6.4  Locking the AML BitCoin Accounts of Suspected Criminals

Reading this part, it seems to enter quite a grey area, with has 2 downsides;
I. there seems to be a lot of non-automated work associated with it, do you plan on having a whole team on this? And how do you plan on covering the ongoing costs associated with it?
II. If NAC may deem something suspicious, can they lock my funds? Or is it only 'Upon a legitimate request from a governmental body'?
P.S. I'm not talking about 3.5 (because I understand being on some terrorist list, NAC will lock the account but that is no grey area).

3. 6.2 Limitations of Bitcoin and Other Cryptocurrencies

In this part you cover 3 subjects of limitations (on which I agree), but on only one (6.2.3. Pseudonymous/Anonymous Property of Cryptocurrency and Illegal Activities) seems AML bitcoin to serve a solution, do I read that right?

4. Although not in the whitepaper, but it was stated (in the FAQ I believe) that all the centralized (ID) information is not stored on front-end servers of NAC, which is nice, but is of course not a guarantee for anything.
How do I know this information is really stored securely, not only in a technical sense, but also in procedural form (which employees have access under what conditions, etc.); are you audited by an external company?

5. Having 50 million of AML bitcoin to burn trough will ensure NAC not going broke soon, but how are you planning long term to fund yourself?

6. Because every AML Bitcoin is stored in multi sign addresses (me and NAC having the keys), it is absolutley vital NAC will keep functioning, what provisions are made to that end? Things like disagreements/infighting (everybody leaving NAC) or the whole NAC team is involved in a plane crash or something..
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