I’ve been contemplating all that has been accomplished by @dandabek and others since this project’s humble beginnings. It really was a humble beginning, $50,000! Are you kidding me? It had to cost much more to accomplish where it is now, a decentralized Safex blockchain, one click miner, CLI and TWM wallets, an anonymous token (SFT) and anonymous currency (SFX). After all the personal sacrifices made by Dan and others ( developers, economists, private donors, etc), I think this project deserves to succeed!
But there is an “elephant in the room.” I think we need to talk about it, at least consider it. As I’ve been pondering the “SAFE” (i.e. TWM investment opportunity), I’ve been researching. The proverbial “elephant in the room” is that I do not believe that governments are going to allow anonymous transactions facilitated by using anonymous cryptocurrencies. The European Union had already taken steps to make it illegal to engage in these types of transactions. The USA will be next. The majority of Congress views engaging in anonymous transactions solely for the purpose of getting away with criminal activities. Already, we’ve seen that some of the 50 states will not permit the use of xCalibra has an authorized exchange. Now there’s nothing illegal about xCalibra, and Dan is working very hard to make this exchange available in all 50 states which I hope will succeed. But this demonstrates that, like it or not, the US government, and governments around the globe will do all they can to regulate crypto!
There are several articles that point to the fact that, “Crypto will never go mainstream without government acceptance through regulation.” What this means for privacy coins like SFT and SFX is that there will most likely have to be a compromise. All of this is being actively thought out right now. Some have concluded not anonymous, but private. In other words, transactions should be private but never anonymous. Governments are going to demand the ability to determine that any and all ecommerce is not of an unlawful nature.
So, is it possible that the Safex ecosystem and TWM can succeed and flourish on a global scale by somehow providing anonymity thru privacy while providing some kind of back door to mollify government agencies that will, and not if, demand oversight? Otherwise, I fear as amazing as The Worldmarket Place, Inc. has the potential to become, governments may not allow it.