Quote from: anticlimax on December 16, 2014, 10:39:36 PM

Quote from: richiela on December 16, 2014, 10:08:58 PM

Quote from: Bitkeeper on December 16, 2014, 09:30:13 PM

Well looks like I'm not trading at Bittrex anymore. That is f'd up. LOL look at this tweet someone sent to Bittrex. https://twitter.com/CryptoBTCFan/status/544966429825847299

and please read the rest of the conversation... i don't know how much more transparent we can be about this topic... believe it or not, running an exchange is a serious business. Crypto is cutting edge and there are a lot of grey space in regards to what is legal or not. Most of that space carries a stiff fine and possible jail sentence (refer to bitinstant, silkroad, satoshidice). When our legal counsel, perkinscoie, who is a major firm in the crypto space, advise us not to do something. We listen. The FUD in here doesn't seem to grasp that concept.

richie@bittrex

So how exactly does charging a $2000 fee change your legal counsels opinion?

Seems to me you are advised regardless of whether a developer pays you or not.

Your stance on these issues are wishy washy at best.

Care to comment on the pastebin where you state you created your exchange to operate your own bots?
Since you've stated numerous times you do not operate bots on bittrex.

http://pastebin.com/3TXRBRpt

Its not to change their opinion. Its to get a legal review so that EUPH operates legally in the eyes of US laws. There are things that EUPH could could move them closer to the legal space... for example (and again IANAL), things like "We will not ship to the US" or "Verification of delivery location" etc... It's far from wishy washy. We talked to NOO and were satisfied with their legal status and compliance program.

Also, I'm happy to clarify on the pastebin, as i've done many times before. The fact that I couldn't run an automated API bot is the exact reason I wanted to build an exchange. The exchanges that were around when we started were less than stellar and we wanted to change that. Back then, none of the exchanges had APIs... they all had largely monopolistic models of extorting listings via paid voting... and a slew of other things I didn't like. I thought I could do better and together with some people, I think we have. I will repeat this again, we have never, nor will we ever run a bot on our exchange*. It doesn't make any sense long term. I don't know why people don't realize this, but earning an extra 1,2,3,10 btcs today is meaningless. We would not compromise our integrity for that when the end game is the possibility of being nasdaq of crypto. I challenge anyone to provide proof to the any claims that suggest otherwise.

Richie

*note, we did run a bot for 10 or so days when we were in beta stage and all it did was take buy and sell prices, add/subract rand(5)% and execute to stress test the system. We basically gave away 5 btcs worth of random alts during this 2 week or so period.