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Author Topic: Bitstamp WAS the best Bitcoin exchange, now it's not.  (Read 6095 times)
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September 23, 2013, 04:39:20 PM
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They just like MtGox require us to verify our accounts, sorry this is bullshit, I do not accept this, furthermore if you DON'T verify by the 30th of September, you will NOT be able to do Bitcoin transactions or Bank transactions.

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September 23, 2013, 09:04:48 PM
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They just like MtGox require us to verify our accounts, sorry this is bullshit, I do not accept this, furthermore if you DON'T verify by the 30th of September, you will NOT be able to do Bitcoin transactions or Bank transactions.

You have to look at it from their perspective.  They want to become a more legitimate exchange and the best way to do that is to implement AML/KYC requirements.
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September 25, 2013, 03:05:02 PM
 #3

Actually it's becoming bigger and bigger by the week.

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September 25, 2013, 03:53:30 PM
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Actually it's becoming bigger and bigger by the week.
Do you get paid by bitstamp to post stuff like that in RED or its just silly ?

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September 25, 2013, 04:03:30 PM
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I would prefer anonymity as well. However bitstamp is not going to operate an illegal business when they stand to get rich legally. For them this is not a "choice", it is a requirement.

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September 26, 2013, 02:54:25 AM
 #6

They just like MtGox require us to verify our accounts, sorry this is bullshit, I do not accept this, furthermore if you DON'T verify by the 30th of September, you will NOT be able to do Bitcoin transactions or Bank transactions.

You should then take up the liability of running an exchange that operates without verifying customers.

Free market. You can do it on your own. Just make it happen.  Smiley

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September 26, 2013, 04:57:36 AM
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btc-e.com ^

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September 26, 2013, 06:32:53 AM
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They just like MtGox require us to verify our accounts, sorry this is bullshit, I do not accept this, furthermore if you DON'T verify by the 30th of September, you will NOT be able to do Bitcoin transactions or Bank transactions.

You should then take up the liability of running an exchange that operates without verifying customers.

Free market. You can do it on your own. Just make it happen.  Smiley

+1

In case you didn't know, Bitstamp was getting some flak from various banks refusing to accept SEPA withdrawals. AML/KYC is a must when you get to these kinds of volumes.

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September 26, 2013, 01:24:11 PM
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Bitstamp wants to keep their bank and regulator happy so they can stay in business. Sounds like a good idea to me.
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September 26, 2013, 01:38:20 PM
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They will lose a lot of customers and volume because of this.
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September 26, 2013, 05:28:43 PM
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They will lose a lot of customers and volume because of this.

The only customers they will lose are the one's no reputable business wants anyway. You want to put your money in the hands of a nigerian prince, there are plenty of "no-contact-info" exchanges out there more then happy to let you believe in their good will.

As for volume, it only stands to increase being that they will become more legitimate. OP's upset Bitstamp won't work for money laundering, but that's life. Even the 'wild west' had a beginning, middle and end.

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September 26, 2013, 05:34:50 PM
 #12

They will lose a lot of customers and volume because of this.

The only customers they will lose are the one's no reputable business wants anyway. You want to put your money in the hands of a nigerian prince, there are plenty of "no-contact-info" exchanges out there ...
Good point. There will always be illegal exchanges. Of course they will be full of criminals and you will have your coins stolen. And even if bitcoin becomes main stream you will have no legal recourse at these sites.

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September 26, 2013, 05:38:08 PM
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I for one value my privacy and rather move to those dubious sites than to those bending over.
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September 26, 2013, 06:34:50 PM
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They will lose a lot of customers and volume because of this.

The only customers they will lose are the one's no reputable business wants anyway. You want to put your money in the hands of a nigerian prince, there are plenty of "no-contact-info" exchanges out there ...
Good point. There will always be illegal exchanges. Of course they will be full of criminals and you will have your coins stolen. And even if bitcoin becomes main stream you will have no legal recourse at these sites.

if we want bitcoin became more flexible and better then we have to sacrifice something like this

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September 26, 2013, 07:46:57 PM
 #15

I for one value my privacy and rather move to those dubious sites than to those bending over.

Well BTC-E hasn't made any signs of going "legit", yet anyway (I'm sure they will eventually, they make crazy money so eventually they will sell out if they have any ounce of capitalism in them).

However of course, I don't know anyone who has dealt with 'real' FIAT money with them. so who knows. It's also a very opaque organisation, however I have trusted them at times with large amounts of money, so......

It's important that we have a little bit of both- the black market and the above board. With Gox going down (?) we need a new industry standard bearer.

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September 26, 2013, 10:44:01 PM
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Actually it's becoming bigger and bigger by the week.
Do you get paid by bitstamp to post stuff like that in RED or its just silly ?

That is his thing he always post in red.

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September 27, 2013, 07:30:33 PM
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come to think of it, I bet that if things keep going they way they are with LTC, even BTC-E will probably go legit at some point. LTC/BTC trading is their bread and butter, but if Bitcoin comes out the undisputed NEW WORLD CURRENCY, then the excitement which has been draining rather quickly from LTC will eat heavily into their profits. At some point they will want to go Legit if only because it makes more money. they have a strong Russian speaking base, so it would be worth it for them eventually to go legit and serve that customer base.

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September 27, 2013, 09:47:54 PM
 #18

Actually it's becoming bigger and bigger by the week wank.
Do you get paid by bitstamp to post stuff like that in RED or its just silly ?
That is his thing he always post in red.
Annoying yes, but I've seen worse on Internet.  That S3014 (or whatever) guy with a mailing list posts in blue.  That alone would be enough reason to ignore his services and most of what he writes.


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September 30, 2013, 01:17:28 AM
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Actually it's becoming bigger and bigger by the week wank.
Do you get paid by bitstamp to post stuff like that in RED or its just silly ?
That is his thing he always post in red.
Annoying yes, but I've seen worse on Internet.  That S3014 (or whatever) guy with a mailing list posts in blue.  That alone would be enough reason to ignore his services and most of what he writes.



But it makes them unique so you can always see their posts!  Lips sealed

/s

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September 30, 2013, 06:44:47 AM
 #20

Everyone has to comply with laws.
It is not a difficult process to get verified, and if you believe they are honest, you would do it without trouble Smiley

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