OK, I got permission to disclose some info.
My non-tech project deals with the fiat cash side of privacy based crypto.
Now many have some nice amounts in crypto, but there is no easy way to convert the crypto to cash, unless you consider invasive disclosings of all your personal info to some low level worker into some unsecured database that is open to who knows how many people. If you are ok with that, then you wont need this project.
However, if you dream of BTCD -> anon bank card, then this is the project! Since that is what I am putting together. The card only needs a deposit address that you bind to it, then you send BTCD to that address and it appears on the card balance. From there you can use for online purchase or even withdraw cash from ATM. Now if say 100 cards are distributed out at a tradeshow by randomly getting a card out of a box, then there is no way to correlate who has which card. You can always exchange cards with someone else and there is no trace on blockchain of who holds the card. Its like bearer bonds, whoever has it gets to use it, but no way to know who has it.
As you can see, I take privacy seriously and take a full spectrum approach, not limited to fancy codings
Goal is for card fees of ~3%, still working on getting all the details in place.
The asset will get 1% of the fees, so this allows for funding of all the requirements to issue the card. I have a card processor I am working with and so this will be a totally outsourced operation. Now I dont believe even BTC has an anon card!
We will also get BTCD -> normal credit card in operation in the near future. That is much easier as it is to any visa/mastercard that you have. 2 days after you send BTCD it is on your card balance. Of course, that is not anon at all.
I am hoping for community support on this one as this will be first crypto with anon cash ability. By crowd funding this, anybody with BTCD can help to achieve a crypto first.
James
how far in the process is this project already? the first thing which comes into my mind would be legal issues, did you do some research about that?
if there are no problems from the legal site i think thats incredible
