Does the Eurozone need more centralized EUR/BTC exchanges?

codesuela

member

Activity: 74

Merit: 10

Quote from: voneiden on June 22, 2013, 03:01:07 PM

Quote from: codesuela on June 22, 2013, 02:38:13 PM

We need exchanges with instant deposits via giropay or sofortbanking which is what bitcoin 24 had.

Weren't those instant deposits the bane of bitcoin24?

the bane of bitcoin24 was taking payments without any type of verification. scammers convinced other people to wire money to the account that was in the name of simon hausdorf. victims thought it was a personal bank account and gladly paid stuff like ebay auction prices to that account and later claimed fraud at the police.

voneiden

newbie

Activity: 18

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Quote from: codesuela on June 22, 2013, 02:38:13 PM

We need exchanges with instant deposits via giropay or sofortbanking which is what bitcoin 24 had.

Weren't those instant deposits the bane of bitcoin24? Instant made it impossible to control criminal activity (depositing stolen money, quick trade to bitcoins, withdraw, poof) with grave consequences. I don't like it, but centralized exchanges are run by companies and companies need to comply with local legislation or they risk blowing up everyone's money in the process.

One option would be that instant deposits could be enabled for only for members whose identity is verified. However there's no smart framework for verifying identities of EU citizens at the moment that I know of. I'd be happy to know of one though. Requiring customers to mail a notarized copy of their passport seems excessive in this digital age.

codesuela

member

Activity: 74

Merit: 10

We need exchanges with instant deposits via giropay or sofortbanking which is what bitcoin 24 had.

voneiden

newbie

Activity: 18

Merit: 0

I'll cut straight to the topic - Currently there quite a few EU based centralized exchanges running that deal in Euros. As things in the Bitcoin world have been evolving we have seen various issues with these centralized exchanges. Centralized exchanges operate at the mercy of their bank. At every turn there can be unexpected setbacks, such as SEPA chargeback as experienced by localbitcoins recently.

How do you feel about the current situation? Are centralized exchanges a necessary evil? Could things be improved? What do you not like about current existing exchanges?

I dislike forced USD trade (Bitstamp), exchange fees that are over 0.3%, and the volume monopoly of the biggest exchanges. And yes! I'm interested in improving the situation, thus I'm asking for your opinions and thoughts.

Topic: Does the Eurozone need more centralized EUR/BTC exchanges? (Read 532 times)