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That will also be solved, using chain collateralized actors in meat space. It’s already kind of happening, with projects finding ways to tokenize off chain assets like stocks and property.

>meatspace

So a ripe target for regulation? You may not remember the Nixon shock, but overnight gold was devalued and the target of enforcement was on conversion from gold to USD. All it takes is a very heavy handed law to collapse a delicate single point of failure

Here in Mexico people are using LocalCrypto along with "send money to a friend by giving him a code so that he can withdraw from an ATM without a card" to perform anonymous long distance exchanges. Granted, the amounts are relatively small (350 usd max) but it looks quite useful.

It’s all done in seperate parts. Pick an exchange and turn your USD into USDT or ETH then get that into your favourite DEX and go wild!

To shut this down you need to shut down our darling Coinbase because the rest of this can be done completely anonymously with smart contracts.