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Re: [ANN] Crypto X Change Now OPEN
by
EhVedadoOAnonimato
on 29/11/2011, 09:22:21 UTC
Hi Crypto X Change,

Your site looks very professional, congratulations.

But I wonder what are your takes on privacy. The "Extensive logging and tracing of all activity" statement on your security page is particularly worrisome, and combined with the "Account freezes on suspicious activity" one it really suggests a MtGox-like behavior of holding people's money hansom in exchange for identification, what I find particularly disgusting.

I mean, I perfectly understand that by operating legally the way you intend to do, you cannot fully respect people's privacy. But you can at least make everything clear from the start, to avoid misunderstandings. For example:

  • How do you define suspicious activity?
  • How one unfreezes his account, once it got frozen?
  • Will you ever ask governmental identification? Which? Under which conditions would you ask them?
  • Will you keep a record linking outgoing bitcoins to incoming bank transfers (or IDs), thus linking bitcoins with people?
  • If forced by "stronger powers" to give away your customers' data, can/would you at least make such fact publicly known?

Thanks.