So in this interview http://youtu.be/r9MHr0zkIyk with @dirvine, the interviewer mentions one thing about the term usage of “coin” in Bitcoin is pointed to by some as part of how the IRS got involved with Bitcoin and US exchanges starting having to get IDs and bank account numbers from users. As an American, this concerns me in regards to SAFE and Safecoin.
Is there any merit to the whole “because it’s called a coin it falls under the laws about money” and, does this mean that at leas in America, Safecoin might meet the same issues? I feel like it would be a blow to the anonymity of suddenly you had to send ID somewhere to get Safecoin.
Of course the decentralized nature of the network suggests that they would have difficulty enforcing such a thing, but I dunno, seems like it’s worth discussing.