Quote from: veleten on January 18, 2019, 07:35:30 PM

Quote from: ElvisWu on January 18, 2019, 05:46:35 AM

So i have been working with bitcoin since it started, i sold off all my holdings at 6k before the rise to the moon, but recently ive came back to buy some and all of the otc markets are gone, local traders require ID, the big exchanges either dont accept fiat or require your soul and mothers baby pictures.

So can somebody help me understand what happened? did the 2017 bubble kill off the anonymity or am i missing something? I understand the importance of a trust-circle but i am asking solely on the basis of send payment, get bitcoin using WU, cash deposit, Moneypak, etc.. without an in-group. It seems there isnt even a way anymore to find private sellers efficiently, just oceans full of buyers trying to pawn off paypal and itunes giftcards, OTC sellers requiring ID, and corporate exchanges that are even worse than mtgox.

I dont remember it being this "centralized". Shame.

So what actually caused this? Regulations shouldnt have effected the OTC market IMO.

what did you expect?
the banking cartels will be losing profit and Central Banks will be losing control
if people are allowed to trade currencies anonymously
there will be all kind of excuses , sponsoring terrorism, crime, money laundering and what not
in reality it is all about your anonymity and privacy
and money

I agree. Alas, at the moment, the black segment of the use of cryptocurrencies is very large.To the situation with transactions has not passed into the stage of uncontrolled chaos exchanges just need proof of identity.Note, however, that on most stock exchanges, if the amount of your withdrawal is small, then, as a rule, the exchanges do not require identification.Hence the conclusion that the exchanges insure themselves. And in principle there is nothing wrong with that.