[ANN]★CryptoBridge★BCO★🔹Gateway to BitShares 📈RELEASED NOW BETA🔹

[luckystella]

why is price of BCO so low?

[1714600325]

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[pedrog]

I dont know what to say.I have just withdraw 290 suqa from them.Transaction fee was 49 suqa and that was deduct from 290 suqa.Last time fee was 5 suqa.I haved some xzc and I have converted them to that suqa.So I will never ever go to cryptobridge.I have just deleted them from my PC.

Wow, 49 SUQA fee, that's like 10 cents, how can anyone afford such expensive withdrawal fee...

why is price of BCO so low?

Because people are selling and not enough people buying to keep price up.

[Raja_MBZ]

DEX asking for KYC?

Urgent Announcement: Terms of Service & Identity Verification Requirements

The key information which needs the most visibility is that US users will need to supply verification of their identity (KYC) and all users will need to accept our terms of service before March 7, 2019 (UTC 0:00).

An attractive offer for new coins:

[tbct_mt2]

DEX asking for KYC?

Haha. this is unbelievable to see a DEX asks for KYC.
Additionally, if users simply tick on non U.S citizen, to surpass the KYC's requirements, what's happened?
Do the CB team check IPs of users' accounts?
KYC on DEX does seriously violate the essential vision of decentralized exchanges.

[muleroaa]

DEX asking for KYC?

Haha. this is unbelievable to see a DEX asks for KYC.
Additionally, if users simply tick on non U.S citizen, to surpass the KYC's requirements, what's happened?
Do the CB team check IPs of users' accounts?
KYC on DEX does seriously violate the essential vision of decentralized exchanges.

It's probably only going to be happening more and more...

[dungp3132]

It's the way authorities try to regulate crypto market.
In my opinion, it's good due to following reasons.
- KYCs help better trace back history of money movements.
- In case of scam exits, with KYCs, police and authorities can help investors get their money back.
At least, the probability to get money back is higher than no KYCs.

It's probably only going to be happening more and more...

[Dump3er]

DEX asking for KYC?

Haha. this is unbelievable to see a DEX asks for KYC.
Additionally, if users simply tick on non U.S citizen, to surpass the KYC's requirements, what's happened?
Do the CB team check IPs of users' accounts?
KYC on DEX does seriously violate the essential vision of decentralized exchanges.

It's probably only going to be happening more and more...

The problem is if someone can be identified to be the operator of the DEX, authorities will go after that person and the only way out is to comply with the law. And the law requires KYC.

[Interesting!!]

DEX asking for KYC?

Haha. this is unbelievable to see a DEX asks for KYC.
Additionally, if users simply tick on non U.S citizen, to surpass the KYC's requirements, what's happened?
Do the CB team check IPs of users' accounts?
KYC on DEX does seriously violate the essential vision of decentralized exchanges.

It's probably only going to be happening more and more...

The problem is if someone can be identified to be the operator of the DEX, authorities will go after that person and the only way out is to comply with the law. And the law requires KYC.

Actually the problem, the way I see it, it raises the operational cost for the exchange as well as traders down the line. It places user information in a position to be compromised by hackers increasing identity theft just because these legislations are not standardized and designed for your safety. Half backed laws with only one goal in mind (Surveillance) at any cost. Certainly does not stop money laundering, or terrorism, but are sold under presumption it's for your best interest and safety, from whom exactly? The same people making these laws, interesting to say the least. Yes, I have no issues with regulation or laws for the crypto space, but introduce a damn law or regulation that actually does what it's intended to do. KYC/AMIL are ill-conceived at this point and thus far it only protects you in the same manner as the mafia protect you. Obeid by our laws or we shut you down, or arrest you, even though you didn't do anything wrong. KYC/AML need to be revised by people that actually give a damn about the people they govern and not just their own agendas. Need to be revised by people that actually have a foundation to understand what crypto is in the first place. Well, that's my 2 cents worth.  

[TakeItEasy]

DEX asking for KYC?

Urgent Announcement: Terms of Service & Identity Verification Requirements

The key information which needs the most visibility is that US users will need to supply verification of their identity (KYC) and all users will need to accept our terms of service before March 7, 2019 (UTC 0:00).

KYC on DEX ?
What a shame...
No more business with this exchange.
How could it be ? Decentralized and KYC...these are two opposite words.

[Sellman]

Decentralized and KYC...these are two opposite words.

Yeap, Decentralisation is to avoid authority legal managements, so what is this and why did it happen?
Crypto Bridge asked users to do KYC if they have been in USA.
So, what will happen if they use fake IP address that has not been in USA? 

[Dump3er]

DEX asking for KYC?

Haha. this is unbelievable to see a DEX asks for KYC.
Additionally, if users simply tick on non U.S citizen, to surpass the KYC's requirements, what's happened?
Do the CB team check IPs of users' accounts?
KYC on DEX does seriously violate the essential vision of decentralized exchanges.

It's probably only going to be happening more and more...

The problem is if someone can be identified to be the operator of the DEX, authorities will go after that person and the only way out is to comply with the law. And the law requires KYC.

Actually the problem, the way I see it, it raises the operational cost for the exchange as well as traders down the line. It places user information in a position to be compromised by hackers increasing identity theft just because these legislations are not standardized and designed for your safety. Half backed laws with only one goal in mind (Surveillance) at any cost. Certainly does not stop money laundering, or terrorism, but are sold under presumption it's for your best interest and safety, from whom exactly? The same people making these laws, interesting to say the least. Yes, I have no issues with regulation or laws for the crypto space, but introduce a damn law or regulation that actually does what it's intended to do. KYC/AMIL are ill-conceived at this point and thus far it only protects you in the same manner as the mafia protect you. Obeid by our laws or we shut you down, or arrest you, even though you didn't do anything wrong. KYC/AML need to be revised by people that actually give a damn about the people they govern and not just their own agendas. Need to be revised by people that actually have a foundation to understand what crypto is in the first place. Well, that's my 2 cents worth.  

Well said and imagine how much data from people dealing with crypto is already out there if one exchange after another asks for documents. That's just crazy.

[Raja_MBZ]

DEX asking for KYC?

Actually the problem, the way I see it, it raises the operational cost for the exchange as well as traders down the line. It places user information in a position to be compromised by hackers increasing identity theft just because these legislations are not standardized and designed for your safety. Half backed laws with only one goal in mind (Surveillance) at any cost. Certainly does not stop money laundering, or terrorism, but are sold under presumption it's for your best interest and safety, from whom exactly? The same people making these laws, interesting to say the least. Yes, I have no issues with regulation or laws for the crypto space, but introduce a damn law or regulation that actually does what it's intended to do. KYC/AMIL are ill-conceived at this point and thus far it only protects you in the same manner as the mafia protect you. Obeid by our laws or we shut you down, or arrest you, even though you didn't do anything wrong. KYC/AML need to be revised by people that actually give a damn about the people they govern and not just their own agendas. Need to be revised by people that actually have a foundation to understand what crypto is in the first place. Well, that's my 2 cents worth.  

Well said, merited!

So, what will happen if they use fake IP address that has not been in USA? 

That'll work! As mentioned by Jimmy McShill in his Medium article (Bypassing CryptoBridge KYC):

Using VPN to bypass CryptoBridge’s KYC

The following steps describe in short how you easily bypass even an already accepted KYC:

Use a virtual private network (VPN) service which is not located in the USA. This way CryptoBridge can not make any conclusions about your actual position and can not refuse the service.

Create a new BitShares account with the VPN connection and accept the terms of service with answering the “Are you a U.S. citizen?” question with “No”.
Use the “Send” feature of the UI to send your funds from the old account with active KYC-demand to the new “Non-US” account on the BitShares blockchain. Because this is done on the BitShares blockchain it’s nearly free.

Use CryptoBridge with your new account via VPN and without KYC.

Using Gateways without KYC

If you don’t want to use a VPN you can simply use another gateway provider which does not demand you to do KYC before depositing or withdrawing assets!
For example:

Use the OpenLedger gateway to deposit BTC. You then get credited OPEN.BTC.
Exchange the OPEN.BTC to BRIDGE.BTC and go on trading on CryptoBridge with BRIDGE.XXX pairs.
If you want to withdraw the BTC again, exchange the BRIDGE.BTC to OPEN.BTC and withdraw them via the OpenLedger gateway.

[Dump3er]

DEX asking for KYC?

Actually the problem, the way I see it, it raises the operational cost for the exchange as well as traders down the line. It places user information in a position to be compromised by hackers increasing identity theft just because these legislations are not standardized and designed for your safety. Half backed laws with only one goal in mind (Surveillance) at any cost. Certainly does not stop money laundering, or terrorism, but are sold under presumption it's for your best interest and safety, from whom exactly? The same people making these laws, interesting to say the least. Yes, I have no issues with regulation or laws for the crypto space, but introduce a damn law or regulation that actually does what it's intended to do. KYC/AMIL are ill-conceived at this point and thus far it only protects you in the same manner as the mafia protect you. Obeid by our laws or we shut you down, or arrest you, even though you didn't do anything wrong. KYC/AML need to be revised by people that actually give a damn about the people they govern and not just their own agendas. Need to be revised by people that actually have a foundation to understand what crypto is in the first place. Well, that's my 2 cents worth.  

Well said, merited!

So, what will happen if they use fake IP address that has not been in USA? 

That'll work! As mentioned by Jimmy McShill in his Medium article (Bypassing CryptoBridge KYC):

Using VPN to bypass CryptoBridge’s KYC

The following steps describe in short how you easily bypass even an already accepted KYC:

Use a virtual private network (VPN) service which is not located in the USA. This way CryptoBridge can not make any conclusions about your actual position and can not refuse the service.

Create a new BitShares account with the VPN connection and accept the terms of service with answering the “Are you a U.S. citizen?” question with “No”.
Use the “Send” feature of the UI to send your funds from the old account with active KYC-demand to the new “Non-US” account on the BitShares blockchain. Because this is done on the BitShares blockchain it’s nearly free.

Use CryptoBridge with your new account via VPN and without KYC.

Using Gateways without KYC

If you don’t want to use a VPN you can simply use another gateway provider which does not demand you to do KYC before depositing or withdrawing assets!
For example:

Use the OpenLedger gateway to deposit BTC. You then get credited OPEN.BTC.
Exchange the OPEN.BTC to BRIDGE.BTC and go on trading on CryptoBridge with BRIDGE.XXX pairs.
If you want to withdraw the BTC again, exchange the BRIDGE.BTC to OPEN.BTC and withdraw them via the OpenLedger gateway.

But if authorities become aware that users are actively bypassing the KYC, I think it is possible that they will raise the KYC bar for Cryptobridge to comply with the law.

[pedrog]

Always paid on schedule, thank you and keep up with the good work.

[Zer0Sum]

DEX asking for KYC?

Haha. this is unbelievable to see a DEX asks for KYC.
Additionally, if users simply tick on non U.S citizen, to surpass the KYC's requirements, what's happened?
Do the CB team check IPs of users' accounts?
KYC on DEX does seriously violate the essential vision of decentralized exchanges.

No reason for BCO to exist at this point...
It's not decentralized (need multiple, independent gateways) and now it's no longer anon.

Anyone that would give ID to anon guys in Russia is crazy 

[pedrog]

DEX asking for KYC?

Haha. this is unbelievable to see a DEX asks for KYC.
Additionally, if users simply tick on non U.S citizen, to surpass the KYC's requirements, what's happened?
Do the CB team check IPs of users' accounts?
KYC on DEX does seriously violate the essential vision of decentralized exchanges.

No reason for BCO to exist at this point...
It's not decentralized (need multiple, independent gateways) and now it's no longer anon.

Anyone that would give ID to anon guys in Russia is crazy 

BCO exists for profit sharing, that's a good reason.

Verification is only for US citizens.

Who are the "anon guys in Russia"?

[Mikanoshi]

Are you going to fix your exchange in Firefox? It's unusable, login with local wallet is impossible.
https://bitcointalk.org/index.php?topic=2015949.msg49251082#msg49251082

[Zer0Sum]

DEX asking for KYC?

Haha. this is unbelievable to see a DEX asks for KYC.
Additionally, if users simply tick on non U.S citizen, to surpass the KYC's requirements, what's happened?
Do the CB team check IPs of users' accounts?
KYC on DEX does seriously violate the essential vision of decentralized exchanges.

No reason for BCO to exist at this point...
It's not decentralized (need multiple, independent gateways) and now it's no longer anon.

Anyone that would give ID to anon guys in Russia is crazy  

BCO exists for profit sharing, that's a good reason.

Verification is only for US citizens.

Who are the "anon guys in Russia"?

If you ask for ID, it has to perfectly clear who exactly is asking...
Read this thread... nothing about BCO as ever been clear ever.

Regardless, BCO is 3 year old tech from when it was designed...
It's been made obsolete by modern trustless protocols like uniswap...
Where actual liquidity providers are paid... not shadowy spec miners or insiders or alt specilators.

[Zer0Sum]

DEX asking for KYC?

Haha. this is unbelievable to see a DEX asks for KYC.
Additionally, if users simply tick on non U.S citizen, to surpass the KYC's requirements, what's happened?
Do the CB team check IPs of users' accounts?
KYC on DEX does seriously violate the essential vision of decentralized exchanges.

No reason for BCO to exist at this point...
It's not decentralized (need multiple, independent gateways) and now it's no longer anon.

Anyone that would give ID to anon guys in Russia is crazy 

Now that I updated to version 0.18.3 gotta also update this...
From the Terms of Service:

"'Company' means Liquidblocks ApS, a company incorporated under the laws of Denmark,
with a registered office at Gl. Kongevej 60, 1850 Frederiksberg, Denmark."

OK, they also fixed my transfer delay in < 24 hours, which is great service...
So it looks like Cryptobridge is here to stay in a very, very, very competitive crypto exchange sector 

[saugwurm]

BCO giving constant revenue in hard BTC, the support is great and almost everyday they list a new Coin (or Token) IMHO this coin is waaay undervalued. Only the BCO Staking fees are a little to high for now, hope they readjust it soon.