I just finished signing up. You first have to confirm you email, then your cell number. Then give your SS number, full name, mailing address, and bank account and routing number. They are making two micro deposits into my account to verify it's my bank account. Nothing about the sign up process was surprising to me, it's the first regulated exchange after all. I have a feeling this might push the price of Bitcoin up if it takes off.
Quite a lot of personal information if you ask me. You are no longer even pseudo anonymous when using bitcoin and using Gemini.
The fact that your information will be given to IRS if you reach some money threshold of sold bitcoin is not that assuring either.
Well if you're looking for a way to avoid taxes by using bitcoin, you shouldn't have qualms about dealing with less then trustworthy people, e.g. Cryptsy and friends. That means losing your btc once in a while.
This libertarian idea of being free of any form of regulation (and taxation) by using btc is just a pipe dream. You libertarians choose the wrong solution to your problem. If you don't trust your government then elect other people, and if there are no good people to elect in your two-party system, maybe you should think about backing a third party or starting a fourth.
Well, there are still a lot of people who support the libertarian ideals... these supporters, including me, have supported Ron and Rand Paul; but the media always do not take what they say seriously at all and they kind of mock them in a way. I even helped organize some of the Rand Paul events in my area, but the truth is, is that even though you do everything to get your politician of choice to start making a change in the world, doesn't always mean that they are going to be elected... especially if they pose a real change to the status quo of Washington in general...
And to say that there is a realistic chance that backing a third or fourth party to win a nomination is a pretty optimistic view on politics... The fact is is that a majority of people stick to their political ideologies and their "party" no matter if they lock the nominee or not; has to do a lot with people pride in America.
I know, good points. It's not easy changing things. But it's doable, just look at history. It's admirable you actually helped organizing.
I also know from experience, I work for my local socialist party (not kidding here), and we managed to really change important things, like getting rid of bureaucracy in care for elderly trying to live at their own home for as long as possible, and care for young people in trouble. We let the professionals do their job and we implement stuff like "one family, one plan" instead of organising things around either the instutions or the money. In the end it works much better for all concerned (and is cheaper) and I'm really proud we actually did it, while elsewhere in my country care and wellfare are being broken down. Never thought it would've been possible a couple of years ago.
Anyhoo, an exchange like this might appeal to the masses a lot more then the afformentioned Cryptsy and friends.
Have freed some funds up from different exchanges to move here!
