Sandbox needs a serious look at 'know your customer rules' that legislatures require.
They are becoming bottlenecks. Sandbox must allow the 'credit rating' system to be incentivized such that the general idea of getting a thumb print 'pre-qualed' is the thing to do. Getting our ratings secure should be off-line relative to trading, the prequal layer in the boundary with smart contracts, It is unglamorous business, tedious, but lucrative to the ones who solve it.
Take the Chinese system and free market something like it. Making a credit ladder traders can climb is making a very good sandbox marketing tool. Prequal crypto-badges are part of pipeline control, it is in the sandbox map. Prequal contracts enforceable wherever we have escrow net.
Not just for guv, but prequals enable cash in advance. Any cash in advance feature is a must have,at some level, for all traders. Cash in advance greases the S&L system, margin debt available everywhere, short term. The current system knows this, short term liquidity is grease, it removes arbitrage. The trader knows that improving prequals is increasing liquidity.
No comments:
Post a Comment