Quote from: seriouscoin on January 26, 2015, 06:57:34 PM

Quote from: QuestionAuthority on January 26, 2015, 06:51:41 PM

Quote from: Cryddit on January 26, 2015, 05:58:38 PM

Quote from: Q7 on January 23, 2015, 03:32:29 PM

I don't know how they are going to make it regulated in a way. Or in a way, does bitcoin need to be regulated in the first place? Even if they have managed to do that, what impact would it bring especially when you already have tons of other bitcoin exchangers around.

Now that someone with money stands to gain more in the absence of competition, expect that law enforcement against all traders not in complete compliance will start ratcheting up.

Remember, their goal is a monopoly. They will do what it takes to eliminate the competition, especially if it is as easy as subverting US law enforcement with bribes.

If you think the law enforcement doesn't take bribes, just have a look at the 'massage' and 'escort' sections of the phone book in any city where prostitution is illegal. What is obvious to you is also obvious to the police, but they aren't acting. Why in the world not? Could it possibly be because someone pays them off?

And if someone else pays them for getting competition eliminated from business, expect that it will happen.

Cryddit.

That makes no sense at all. Even if they magically paid off law enforcement in every jurisdiction to eliminate the noncompliant competition they still wouldn't be able to maintain a monopoly for long if there was a profit in it. New money will enter the chase for profit. It's also still possible for anyone to use any exchange worldwide. I've had very good luck with BTCe so they won't be seeing any of my funds. I'm going to completely pass on the services of any U.S. exchange from now on.

Does BTCe require any form of verification? I dont trust an entity that keeps my info while remain pseudonymous

I've had an account there since they opened and never verified anything. I guess you should only buy coins from places that log the coins address right next to a photocopy of your government issued ID. Have fun with that. I don't feel like wasting time tumbling every coin I buy.