A well-known supporter of bitcoin was criticized for participating in a project that involves the authentication of cryptocurrency addresses. The community believes that the project is contrary to the concept of Bitcoin.
Nick Carter tweeted his support for the Dynamic project. The project recently raised $7.5 million in funding, with venture capital firm Andreessen Horowitz (a16z) as the main investor. The project provides that cryptocurrency transactions may not be executed if the address used to make the transaction is marked as suspicious.
Carter’s followers expressed their disappointment at this. They called this initiative the exact opposite of what Bitcoin was created for. The cryptocurrency community does not need permissions, and the transactions of its members should be minimally monitored, that is, transactions should be made without any potential third party veto.
Samson Mow, CEO of JAN3 thinksthat supporting such “surveillance software” is not something a crypto advocate should be proud of. However, Carter considered the user criticism inappropriate and asked anyone who disagreed with his investment to simply unfollow him on Twitter.
Note that Carter urges US regulators to give the green light to the launch of Bitcoin ETF, as this investment product has already proven itself in Canada and Brazil. According to the crypto enthusiast, bitcoin futures ETFs are not as profitable for US investors as compared to spot ETFs.
Source: Bits
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