I apologize for joining the list of challenging responses, personally considering a lot of the others to be unjustified.
But I would be curious if you could address a concern of mine.
Page 10 of your whitepaper notes a plan for anonymous transactions. You are planning to operate based in an U.S. (Nevada) facility while offering anonymous transactions.
Miners and end-users of cryptocurrencies are exempt from relevant FinCen regulations. However, your company would rather be classified as an administrator of a cryptocurrency:
An “administrator” is a person engaged as a business in issuing (putting into circulation) a virtual currencyhttps://www.cryptocoinsnews.com/new-us-treasury-fincen-ruling-clarifies-money-transmission-status-renting-bitcoin-miners-hashing-power/
So you will be required to register as a Money Services Business (MSB). That means you will be legally required to enforce anti-money-laundering (AML) and know-your-customer (KYC) measures within your cryptocurrency, as far as I can tell from reading about federal regulations.
Now you might think you could skip everything AML/KYC if you did not convert fiat to crypto or vice versa. Even that may be iffy. Not only definitely New York's law but also apparently federal FinCen now may expect AML thresholds (like $3000 and $10000 or whatever) to be applied to the equivalent value in cryptocurrency, even when merely transacting in crypto without fiat.
Anyway, in general, here is an example quote from a million-dollar court judgment against Ripple:
After 180 days of the date of this agreement, Ripple Labs will (1) prevent any existing Ripple Trade user who has not transferred to a wallet or account with customer identification information from accessing the Ripple protocol through the Ripple Trade clienthttps://www.fincen.gov/sites/default/files/shared/Ripple_Remedial_Measures.pdf
In other words, the U.S. government forced Ripple to agree to implement anti-privacy measures.
I really do hope you have a way around the regulatory situation, but here is a question: Do you know of any privacy-protecting cryptocurrency with a blatantly U.S.-based administrator company, other than some tiny ones simply slipping under the radar?
I don't. Most cryptocurrencies are either started in Europe or elsewhere, or more decentralized. Bitcoin is decentralized with no single target for regulators to go after, not dependent on any particular company.
Satoshi Nakamoto probably disappeared for a reason. Before the Bitcoin era, the electronic currency E-Gold reached $2 billion a year transactions. E-Bullion and Liberty Reserve were other top privacy-protecting currencies. What all three have in common is that their founders or top people ended up with federal criminal charges.
Like the rest of the badly managed drug war, just how bad FinCen regulations can be seems about impossible to overstate.
With that said, if you somehow really could pull this off legally, it would be great, especially as a volatility-free coin could much help business adoption of cryptocurrency.