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RE: BlockTrades users must now create an account to trade with us

This is grave news.

People who saw benefits of having an account with BlockTrades, already have one, therefore there is no point in discussing those.

There are however people who used your services because it was possible without leaving definite trace and with pretty much no limits.

You can't leak what you don't know. Now with mandatory account all the problems show up:

  • what information are you going to collect
  • how are you going to protect it against unauthorized access
  • what laws apply to you
  • which (governmental or other) organizations will have access to that information
  • is it possible to challenge request for such information in court and if so, are you willing to actually do that
  • are you going to let the target know about their information being accessed etc.

It is not that I don't want to give you my identity. You know who I am, so it wouldn't affect me, but other customers are not in the same situation.

On top of above mentioned problems new daily limit is atrocious, especially considering the limit so far was the size of your hot wallets. I haven't used them in a while (because for the last year I was using BlockTrades for most of my trades) so maybe something changed but back in the day Binance had no deposit nor trading limit and 2BTC daily withdrawal limit for unverified accounts. If that still holds the new $1750 USD barrier looks bleak in comparison.

Damn, it was such a good exchange...

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bring unregulated decentralized platforms......regulated and centralized authority deciding the rules...

anti-cryptocurrency philosophy in my opinion

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