newbie
Activity: 4
Merit: 0
I see many of the post circle around trust. And I see it is really the main point of all this. I have some words to say about that:
1. Yes, I'm a newbie, because I do not usually come here to the forum (i may have come once or twice as a visitor). I came to this specific topic exactly because I was copied by Crypto-Trade.net admin as I was one of the first that tried trading, even before the official launch. I am not a perfil just created to pretend to be a person. But, this is a question of trust. And I will not say you to believe or not. For sure, I am not offended.
2. I am enthusiastic about Bitcoin, because its trust is based on its trust. There is no external credit (unless by the trust in the market agents, trust in a spreaded power society). It does not rely on a central bank or on a pretended to be reliable regulatory system or on political connections. Bitcoin is a free trust system. That is why it was created for and it is one of its most important features (not to be controlled by a government or by a single or small group of individuals). It is power-spreaded system. And people trust it. Is it reason or justification to trust Crypto-Trade.net? Sure not! Bitcoin is one project and Crypto-Trade.net is a completelly different one. But, as we trust Bitcoin and do not trust fiat currencies, it would be non sense to expect that a system controlled by government or regulatory agencies would be more secure than the ones audited by market. Just to give an example, banks are regulated and have government allowance to their practices. Do you believe banks? If so, why did anybody go to crypto-currencies?
3. I live in a country where we see the real face of state-interference (also into monetary arrangements, as all other countries). It is very clear to me that regulatory system works not to preserve market or to protect people, but to avoid new market entrants and better and cheaper market solutions to be available to society. Regulatory agencies protect the big regulated companies from our free choice. This is for telephone companies, internet, public transportation, security, electricity, water, justice, payment systems, banking, etc. Markets, on the other hand, is also not perfect (there are scams, project failures, errors - state-regulated also do scams, errors, etc, but are protected from public). But be under market is for sure much better then to be certain to be dumped and empoverished. Markets work in principle of bad projects to fail and good projects to flourish. It will not be different for crypto-currencies exchange. But. what I want to say is "we should not claim for regulation! On the opposite! We should banish any state regulation from our lives. Let market regulates, let people get charged for their own choices".
4. Crypto-Trade.net admin: I have seen some very good recommendations/suggestions from forum readers (security, https entering page, coin volumes, overview information page, annonimous chat, info about the people behind the exchange), what would give market more info and maybe create the needed trust. i would take suggestions seriously and do the possible improvements. As I said, it is all a question of trust, and a real and professional work shows you are compromised to offer a real and reliable service. As I highlighted, it is all about trust. If you wanna stay in the market, you MUST show you are serious. You did good as far as today, but still needs improvements.
5. I did not want to create any offence, just bring the basics of Bitcoin back to our lifes. We must not forget why Satoshi created Bitcoin. It was not just to be another currency. It was the first (after more than a thousand years) state-free-currency. If it was not that, it would be just one more fiat currency as any Zimbabwe dollar.