one more reason for the need of a decentralized and highly liquid low fee crypto exchange with some sort of asset protection in place. these exchanges are like roach motels, we've got no problem letting you put the funds in, but if all you wanna do is take it right back out, well, now we're "very concerned" about the source of your funds.
it's why I still wouldn't be comfortable placing any real amount of funds on any of these exchanges. no comparison to a well-run brokerage account with SIPC and additional insurance. short of a SHTF event, you can sleep like a baby at night regardless how much capital you may have sitting there.
resteemed, if only to help further protect the community. I sincerely hope it works out and you get your funds back. probably couldn't hurt to try @kryptik60's suggestion either.
Thanks!
Right. =/
to clarify, I'd say yes, they're totally abusing KYC laws by applying it completely backwards and to their own questionable advantage. btw, posted this in the EOSproject telegram group as well.
bitshares/openledger It has been there for a while
I think many people who've already seen it feel it's just not quite there yet. Not to mention that most pairs have little or no real liquidity. I also don't like all the fees and that whole MLM feel it has with the whole affiliate thing. It's also not quite fast enough to compete with a centralized exchange. What we really need is the "quality" and liquidity of poloniex (when it's running "smoothly") in a stable and decentralized context. I've actually been sort of hopeful that EOS may be the platform that could finally facilitate the successful development of such an endeavor.
They need referrals as that helps in marketing to bring liquidity in the system. It's a chicken and egg problem that is why we need to support it so we can have a better decentralized exchange. Yeah its not yet there but its a very good start
Interesting bitsharestalk thread on the subject here:
https://bitsharestalk.org/index.php/topic,23691.15.html
Attracting liquidity is the hardest part, and that's after they've gotten many of the other aspects mostly right.
Just look at the effort ERIS Exchange has gone through promoting their futures contracts over the past few years:
https://www.erisfutures.com/EE/Eris_Swap_Futures_Overview.pdf
Also notice how many platform partners they have, and how far they go to make people feel "safe" using it. And look at the fees:
50 cents per side, per $100K NOTIONAL! That same size trade on poloniex (with all its issues and risks) at .15% ADD LIQUIDITY (not remove liquidity, which is even higher) would cost $150!
https://www.erisfutures.com/fees
Any wonder why the really big traders are still mostly sticking to the much less expensive regulated trading exchanges?