Post
Topic
Board Trading Discussion
Re: Crypto X Change - What would YOU the community like to see and join us????
by
cryptoxchange
on 30/01/2012, 14:15:58 UTC
There are certain things business's can show and provide and other things are for the management to know not the public.

Says who? It's your business isn't it? I can't see how keeping your books as open and as transparent as possible would be something you "can't" disclose and would hurt you in any way unless you are running a bad/shady business of course.

You either are very naive, or you're some kidnapper or other kind of criminal operating in Australia.
Seriously, you really don't see any problem on making all your revenues public information like that? Really!?

It disappoints me seeing such thing here, in this community. One would hope that at least bitcoiners would understand the importance of financial privacy, banking secrecy and so on. But no... even them have already fell for the ridiculous propaganda claiming that those who search for privacy are actually conducting "bad/shady business".

The profits and earnings of an individual are his private information, and wise individuals would not disclose such information carelessly.


The kind of transparency you should expect from exchanges is upfront information on how their service will treat your money. For example, the "Surprise! Give me your passport or forget about your money!" thing is an absurd. A respectable business should let everything clear from the start, before you put your money there you should know which are the limits, when you may be required to provide personal data etc.
I've seen CryptoXChange been transparent about these issues in other threads.

Hi,

As mentioned before, people are asking for more transparency, we have been as transparent as possible. As we mentioned private companies don't disclose absolutely everything, IE even in other industries product purchase prices are not disclosed to staff and various things. We have taken note of everything mentioned and we are discussing the realistic transparency that is required, but anything that isn't necessary will not be.

To date, I hope that we have been as transparent as possible, Exactly as EhVedadoOAnonimato mentioned everything is made very clear upfront in our fee's, limits and everything.

We do not run any dark pools, or hide anything from our clients.

Thank You

Crypto X Change