Quote from: dkbit98 on July 07, 2022, 08:39:22 PM

Quote from: Best_Change on July 07, 2022, 08:28:42 AM

OpenChange has been working for six years before the forum members of bitcointalk decided that the exchanger is not sufficiently ethical with regards to fines for non-compliance with their rules by users.

They may exist for six years or more but something obviously changed in recent years and some exchanges became more strict with their kyc rules.
Solution for them is to find better exchanges, maybe p2p trading or something else, even if that means that transactions could be slower and have higher fees.
Instead they choose to use quick method that is much more risky.

This episode of Scam Exchange along with Wasabigate is making it clear that bitcoin is going through some growing pains. It's actually a good sign from the perspective of mass adaption, but if exchanges are going to continue pushing their made-up AML policies on consumers, things won't end well for said exchanges. More and more people are starting to shy away from custodial wallets and AML/KYC exchanges, and gravitating to the p2p exchanges like Bisq.

Hell, I fell for the CoinBase ISO and I'm still stock holder, but my friends and family are getting tired of me screaming "BISQ" when ever any centralized exchange is mentioned.

Quote from: Best_Change on July 07, 2022, 08:28:42 AM

Would we have this case if Janyah201 had opened the rules of the service before the transaction, seen their KYC requirement for high-risk transactions, said “nope, this isn’t for me” and would go search for another service?

Who cares? If it wasn't Janyah201 it would have been someone else. Janyah201 isn't the one who abused his power to bludgeon consumers with AML fantasies, it was Openchange, the company you're promoting and defending. This is the beginning of the end for any exchange that opperates the way Openchange did in the circumstance, and if you don't change your policy of putting exchanges above clients, it's the beginning of the end of BestChange as well.