What do everyone think about the deep anonymity of encrypted currency?Some countries do not seem to welcome it, and recent south Korean exchanges are likely to reject the issue of deep anonymity.
Quantify "Deep". It's just a signature campaign bot. Ahh, I have had those turned off for years. I even forget I have one.  BTW read this. https://bitcointalk.org/index.php?topic=4400856.msg39163811#msg39163811 |
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I intend to file a complaint and have been in touch with the Delaware Attorney Generals office and they refereed me to the Delaware investor protection agency which I got redirected to voicemail where I left my contact info to get the ball rolling.
There are many issues with Polo the last year but this one is the final straw. After sending out emails stating that they would be requiring KYC but the users would have a period to withdraw if unwilling or unable to provide KYC then they would be allowed to withdraw funds. Well to no ones surprise they have lied and have frozen accounts that do not comply to their demands of verification. Whether this is legal or not is not the basis for my complaint. although I am sure there is legal recourse in here as well.
My complaint, and where I believe Poloniex is liable, is in order to access your funds to withdraw and not use their service they are forcing their users to agree to waive their legal rights.
I am not a lawyer but as far as I understand that it is a form of extortion.
You must agree to their terms of service which states you waive the right to sue them in order to access your funds and withdraw. It also states that you also agree to waive your rights if you try to use their ticket support system as well which as far as I know is the only other way to remove funds.
So to all you lawyers out there is this Extortion or not?
I will keep this OP updated and all those that Poloniex is stealing funds from go ahead and post in this thread for future reference if this ends up in court.
Please do not clutter it up with worthless "polo sucks" posts.
Feel free to post any open tickets you have that they are ignoring and I will be posting a few tickets they closed on me in the past without addressing the issue nor even notifying me they had closed those tickets.
I am assuming this will end up being moved into the scam accusation section but for right now I am gathering information and advice with this post. As many of you are aware Poloniex is now owned by Circle which is backed by Goldman Sachs so it is now firmly in the grasp of the banking institutions. And will assuredly be firmly in the grasp of the judicial system as well as the regulatory system which is what I'm sure Goldman Sachs was waiting on to catch up before they made this move.
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They froze mine and in order to unfreeze it and get verified you must agree to their terms which states that you cannot sue them. Nice Catch 22. I'm calling my attorney generals office during the week.
It is obvious they are trying to steal funds. They cannot legally hold your assets hostage unless you agree not to sue them, that is called extortion.
And to put a time limit under a month is ridiculous, they gave me 14 days. Well I'll see them in court and collect 100's of thousands for the grand they have held.
It's time for a Class action suit now, they really stepped in it with this email.
Whoever is starting the legal proceedings get in touch with me, I'm in and I have a lot more ammo than this on Polo.
I agree with you. I even tried several times over the last few months to get verified, and each time, it doesn't work - but I don't get any kind of email or explanation why. Then I get an email from Poloniex saying that my account is frozen. This is unbelievable. They are holding my funds hostage, and not responding to any of my attempts to verify nor any support ticket. I cannot withdraw my funds and I cannot verify, despite dozens of attempts. I want to sue them - this is definitely illegal. They need to be exposed. I am thinking of notifying news outlets as well as law enforcement. Are they based out of Delaware in the United States? OK guys I have called the Delaware Attorney Generals office and they refereed me to the Delaware investor protection agency which I got redirected to voicemail where I left my contact info to get the ball rolling. I am going to start a thread on this and will edit this post with a link to that thread and anyone that is interested can post their Polo issues there so that I have a list when I talk to the investigators. EDIT: OK here is the initial thread. https://bitcointalk.org/index.php?topic=4400856.msg39163811#msg39163811 |
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What do everyone think about the deep anonymity of encrypted currency?Some countries do not seem to welcome it, and recent south Korean exchanges are likely to reject the issue of deep anonymity.
Quantify "Deep". |
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I'm not a big fan of forking away from ASICs, but I think it's the only option while Bitmain has a monopoly.
If Jihan Wu hadn't proven himself to be a bad actor, things might be different.
That doesn't matter at all it has be be decentralized to stay trustless. Having a trusted overlord is not acceptable either.
Egalitarian and ASICs are not diametrically opposed forever. Once ASICs become commoditized like GPUs there would be much less need to defend against the centralization ASICs can currently cause.
A big player like Samsung, or others would be useful here.
Of course theat could also mean changint eh hash to something more "standard".
Interesting thought, maybe someday but I think it will always be something like a extension (I.E. AES-NI) as opposed to a complete asic. If you add a asic to another circuit (like a phone) then it is no longer a Pure Asic. Where the line is drawn can be fuzzy like in a GPU, does having cuda (or the other thousands of instructions not specific to just displaying an image) make it no longer application specific? |
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......
seriously, it's not really the right place in this thread to promote another coin..... It is when the coin that is getting shafted NEVER listened to the DEVS of DAPS in regards to a fix for these time warp attacks Considering that chart is a complete lie it's hard to believe anything else you say. |
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D7sbycsrSQpj6AjfjsHPb54fvEzN6JH3fp
Total Sent (XVG) Total Received (XVG) Balance (XVG)
56940.00000000 54020.00000000 -2920.00000000 Idunno, is a negative balance a bad thing? This crypto stuff is so hard. I think it's a good time to buy, right? Strong buy signal. Just sold house to buy more Verge. Good Idea, couldn't find it here though. Guess just pr0n.   |
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Dash too?? Goddamnit, why is that still alive. |
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D7sbycsrSQpj6AjfjsHPb54fvEzN6JH3fp
Total Sent (XVG) Total Received (XVG) Balance (XVG)
56940.00000000 54020.00000000 -2920.00000000 Idunno, is a negative balance a bad thing? This crypto stuff is so hard. I think it's a good time to buy, right? |
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It's gonna be bloody until the fall IMO. It just can't decide on a bottom and that futures market is no joke.
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About the Verge coin (XVG), it's the safest and most developed cryptocurrency, developed to focus on anonymity in transactions, but actually, this project has not done it yet. Thus the XVG does not have the potential to invest in the long term but should invest to make a profit in the short time.
What the hell are you talking about? It's the exact opposite of what I bolded. OP DYOR or you will get epic dumped on. This is the beginning of the end of their hype machine. |
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After a rough few days, the core developers deployed some quick bug-fixes, which may or may not have had mistakes embedded in them, and the network eventually underwent a hard fork, which may or not have initially been an accident. Ha, Verge Devs are the joke of the scene, Spin this shit any way you want it all boils down to the fact they have no clue. |
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Polo just stripped it’s users of there freedom today. Bitfinex did it last week, big things are happening behind the scenes. Get ready! Something big is happening.
What did polo do? Enforce KYC/AML rules that anyone with any clue of how the world works could see coming years ago. Thats not entirely true, in enforcing them they also added a terms and condition that you must accept in which you waive the right to sue them. So in effect they are holding your account hostage unless you agree to waive your rights and I think the word for that is extortion. They also set a 2 week time limit and in a previous email they stated that you would be allowed to withdraw funds if you did not agree to the new terms which they have not honored. Polo just stripped it’s users of there freedom today. Bitfinex did it last week, big things are happening behind the scenes. Get ready! Something big is happening.
They'll just lose their customers to decentralized exchanges with this move. They are shooting their own foot. Most people were making trades on those exchanges because they weren't asking any papers, now that's gone, those people will move to somewhere else which doesn't do that shit and Dex's pretty much guarantee this. I personally went back after they stated we would be able to withdraw during a legacy transaction period because of the margin market. I just get all warm and fuzzy when I can get away with shorting ETH. Polo just stripped it’s users of there freedom today. Bitfinex did it last week, big things are happening behind the scenes. Get ready! Something big is happening.
They'll just lose their customers to decentralized exchanges with this move. They are shooting their own foot. Most people were making trades on those exchanges because they weren't asking any papers, now that's gone, those people will move to somewhere else which doesn't do that shit and Dex's pretty much guarantee this. I'm sure they've done the math and figure the assets they seize will make it worth it. HEY, did anyone else notice the Bot noise ratio has gone quiet! It may be worth putting effort into posts again. |
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...
way too many (valid) points for me to address.
Was watching this and I think he states what I was trying to say in a much more concise manner. Good thing as I was not wanting to come back in here and clarify point by point. ; https://youtu.be/_Iisu0snIL0?t=3076 |
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I just looked at my Poloniex account, and it's not frozen anymore. Withdrawals are again awailable. I didn't made one yet, but the interface is back normally.
So, the verification procedure seems to work.
Folowing people advice, I used the file procedure (not webcam) I took a photo of myself with a paper with nickname, real name, mail address, date and Poloniex mentionned, and my identity card. After 2 try, it was validated in a few minutes. So, there is hope. If your identity cards scan are clear, if your photo is clear with all details, you can get back your account in a few hours.
Anyway, those frozen accounts with blocked withdrawals don't correspond at all with what was announced. Here is a copy of what was indicated before. The withdrawal were supposed to be still awailable even when the trading and deposits were supposed to be anawailable.
***************
As with any change, we understand you may have concerns about how this requirement impacts you and the consequences of not meeting this verification deadline. Here are further details on what to expect.
On the date of the deadline, legacy accounts will be placed in a state where:
Trading and lending will be disabled;
Open orders will be closed;
Loans will have auto-renew switched off;
Margin positions will be given an 8 week wind-down period where they can only be diminished or closed. After the 8 week wind-down period, they will be closed;
Deposit addresses will be revoked. Any deposits sent to a revoked address will not be recoverable until the account is fully verified;
Withdrawals will remain enabled at the daily withdrawal limits prior to the deadline.
If at any point you verify your legacy account, full functionality will be restored and your daily withdrawal limit will be increased to $25K USD equivalent.
As a registered money services business, Poloniex is committed to compliance with all applicable law requiring identification and verification of its customers. If you have questions about these or any other Poloniex terms, we encourage a careful and thorough review of our terms of service and privacy policy.
- The Poloniex Team
***************
Oh nice, so you checked the box that says you agree to their terms that state you waive all your rights to sue them. Some of us won't do that, I kind of like my rights. |
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i hope that you are not just talking. because I would like to see what will happen. has a case like this already be judged be a court?
No I'm not. I'll be gone till middle of the week and will try to call then. they wrote that withdraws will be possible. December 27, 2017 NOTICE TO OUR LEGACY ACCOUNT HOLDERS https://poloniex.com/press-releases/2017.12.27-Notice-to-legacy-account-holders/On the date of the deadline, legacy accounts will be placed in a state where:
Trading and lending will be disabled;
Open orders will be closed;
Loans will have auto-renew switched off;
Margin positions will be given an 8 week wind-down period where they can only be diminished or closed. After the 8 week wind-down period, they will be closed;
Deposit addresses will be revoked. Any deposits sent to a revoked address will not be recoverable until the account is fully verified;
Withdrawals will remain enabled at the daily withdrawal limits prior to the deadline. YES, thanks I forgotten about that. That is the reason I started using them again. We all know they are going to try to blame KYC but they cannot use that to shield themselfs from suits. |
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