🪙
The Bitcoin Standard
  • 🪙Introducing the Bitcoin Standard
  • Overview
    • 💡Docs
    • 🔥DXO
    • 🔰How To Guide
    • 🥷Team
  • Tokenomics
    • 📃DXO
  • Use Cases
    • 🎨DeFi
    • 🍴For Business
    • 🏧For Savings
    • 💻For Developers
  • Potential Problems
    • It's CODE
    • 💹Oracle Stability
    • 👺AML
    • 💻Website Security
  • FAQ
    • 💻FAQs
  • 😀Community
  • 📈Exchanges
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  1. Potential Problems

AML

Some would argue that if people can just burn Bitcoin then bad actors can abuse the system. This couldn't be further from the truth. Only 50,000 DXO tokens can be forged per user in a 24 hour period. Also each user remember must hold a minimum of 100,000 BYAS tokens. As the price of BYAS increases this will become more expensive. Remember that each transaction has a fee. It's going to be very costly for bad actors to move money through this system. Fiat, due to its lack of transparency, remains the preferred choice for money launderers.

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Last updated 2 years ago

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