Quote from: MatTheCat on March 19, 2014, 05:51:50 PM

Quote from: John999 on March 19, 2014, 04:19:38 PM

Did you get your funds from bitstamp?

Ah, erm........ Undecided

No, I have not. They want me to prove from where I got my money from to begin with, before they give me my money back. Money which they had no problems accepting in the first instance. I told them that they have no right to even ask this information, let alone ask for personal documents proving where I get my money from. The case is ongoing but I started out thinking I would withdraw around half of what I have on Bitstamp. I think now I might have to withdraw everything one way or the other. This whole Bitstamp KYC routine reeks of rancid delaying tactic pish to me.

If Bitstamp, the main USD cash out exchange, is also running a fractional reserve Bitcoin exchange as I strongly suspect BTC-e and Bitfinex are, and are in fact insolvent and have started on the same path as Gox, then the whole Bitcoin system is in a lot of trouble. This would entail a whole lot more people getting burned and the price discovery of Bitcoin as defined by exchange rates, rendered totally irrelevant.

Quote from: wachtwoord on March 19, 2014, 04:32:36 PM

If you consider your European bank account save you can't have much to begin with.

Go regurgitate me some more dogma, u fkn parrot.

I withdrew last night, SEPA transfer, was asked no questions (other than my BIC/IBAN, which seemed fair enough) and got an email that the transfer had gone ahead this morning. It wasn't much money (maybe they ask questions for larger amounts?) but it was pleasingly straightforward.