Stamp volume down | Bitcointalksearch.org

HarmonLi

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Honest 80s business!

Quote from: tss on January 28, 2015, 02:43:53 PM

Quote from: HarmonLi on January 28, 2015, 11:26:52 AM

I don't think this has anything to do with Stamp going belly-up, but rather with people still being uncomfortable with keeping money there for the time being. As soon as they've successfully completed a legit audit and some time has passed their volume will go up again!

stamp is not going belly up! they came forward and said they lost less than 10% of their coins. they can earn that balance back within a few months on trading fees. the worst case scenario for them would be a "bank run" and due to low confidence no volume in which case they would become insolvent with no way to recover.

Yeah I was trying to say that they're not going belly-up! That didn't come through, I guess... It wasn't a small loss, but I also think they're legit and do have enough spare BTC or FIAT left to back all their customers' balances.

tss

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Quote from: HarmonLi on January 28, 2015, 11:26:52 AM

I don't think this has anything to do with Stamp going belly-up, but rather with people still being uncomfortable with keeping money there for the time being. As soon as they've successfully completed a legit audit and some time has passed their volume will go up again!

stamp is not going belly up! they came forward and said they lost less than 10% of their coins. they can earn that balance back within a few months on trading fees. the worst case scenario for them would be a "bank run" and due to low confidence no volume in which case they would become insolvent with no way to recover.

HarmonLi

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Activity: 350

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Honest 80s business!

I don't think this has anything to do with Stamp going belly-up, but rather with people still being uncomfortable with keeping money there for the time being. As soon as they've successfully completed a legit audit and some time has passed their volume will go up again!

franckuestein

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Truth will out!

Quote from: Brewins on January 27, 2015, 06:51:22 PM

stamp is annoying with all verification things and they neglect the security of the site.

Why would anyone want to use it?

My account was activated in just 1-2 days because I've sent all the things right and asking for support, too.
Anyway, they're now too rigurous with the quality of all scanned documents IMO. Undecided

1Referee

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Quote from: Brewins on January 27, 2015, 06:51:22 PM

stamp is annoying with all verification things and they neglect the security of the site.

Why would anyone want to use it?

When there is little to no verification people aren't happy.

When there is a high level of verification it is still not right according to the same people.

I am a happy Bitstamp customer for some years now regardless of how annoying their verification system is.

BitCoinNutJob

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Quote from: jaberwock on January 28, 2015, 06:33:07 AM

Quote from: tss on January 28, 2015, 05:51:27 AM

change is coming in the west. soon everyone not hiding their stash (legally) will trade on us exchanges.

Also most people don't trust US gov, with good reasons

I dont know how well any government would perform dealing with some kind of bitcoin exchange catastrophe. Japan is supposed to be a good government yet look how they've dealt with the mtgox case. We've had 200k bitcoins of customer funds sat doing nothing while the price has dropped all last year costing people even more.

jaberwock

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Quote from: tss on January 28, 2015, 05:51:27 AM

change is coming in the west. soon everyone not hiding their stash (legally) will trade on us exchanges.

coinbase still closed to not US people.

and kraken is not the biggest exchange around.

Also most people don't trust US gov, with good reasons

tss

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change is coming in the west. soon everyone not hiding their stash (legally) will trade on us exchanges.

BTCjust

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never.

Litecoin can't appear on bitstamp, and lakebtc

sed

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Quote from: BitCoinNutJob on January 27, 2015, 05:44:14 PM

Quote from: sed on January 27, 2015, 05:41:36 PM

What is the name of that new exchange by coinbase?

Its called coinbase i think lol. Are you talking about the winklevoss twins new one? gemini is the name of that.

Alright,lol, thanks. I thought for a moment that I was missing some subtext here with respect to that coinbase exchange but I'm not.

sgbett

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Quote from: Brewins on January 27, 2015, 06:51:22 PM

stamp is annoying with all verification things and they neglect the security of the site.

Why would anyone want to use it?

When gox died it was the next best thing for anyone in the UK in my experience. Fast to deposit and withdraw both BTC/Fiat.

I don't know what the KYC issue is. Yeah I felt a bit sketchy emailing scans of passport and stuff to them, but once I did nothing ever got questioned since. Maybe its cos I was only transferring 40p at a time... Wink

franckuestein

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Truth will out!

Let's see the time that's going to need BTCe to beat Bitstamp.
It seems that since the famous Bitstamp problems no-one wants to take risks and lose money Grin

BitCoinNutJob

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Quote from: Morecoin Freeman on January 27, 2015, 08:35:15 PM

Huobi and Bitfinex run things.

what about as regard litecoin, BTC-e runs things outside of china? why doesnt finex?

Morecoin Freeman

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Legendary trader

Huobi and Bitfinex run things.

paulifa123

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Stamp have nothing to payback to customers!, they took the hit from the theft from their own reserves. Customer fiat and BTC were unaffected and withdrawals continue as normal and are dealt with promptly.

As for all the whinging about KYC. I provided the normal proofs of ID and residency when asked on setting up my account and have never had any grief from them since on either deposit or withdrawal of fiat or BTC.

I suppose shady, tax dodging druggies like matthepratt & Co. just like staying under the radar and bitch about any KYC at all Wink

flipstyle

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Any update on the whole bitstamp 'hack' fiasco, and if they've started to pay back customers?

Just seems like the entire cryptorush debacle all over again...no way will people trust them so their business goes down and thus they never pay back customers.

aztecminer

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i am not sure if putting your stuff into amazon cloud is actually really security. i personally would not keep any sensitive data on someone else's hardware .

derpinheimer

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Quote from: BitCoinNutJob on January 27, 2015, 06:51:48 PM

Quote from: derpinheimer on January 27, 2015, 06:44:07 PM

The real biggest exchanges are huobi and bitfinex. Btcchina is 95% fake, probably by the operators.

I thought the true biggest china exchanges went as follows:

okcoin
btcchina
huobi

Well, I may be wrong.

I definitely dont believe the volume on Okcoin, or BTCChina. Only huobi's volume matches the orderbook.

OKCoin orderbook is hilarious. Either the traders there are just odd, or... I mean, its the fakest looking thing.

BitCoinNutJob

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Quote from: derpinheimer on January 27, 2015, 06:44:07 PM

The real biggest exchanges are huobi and bitfinex. Btcchina is 95% fake, probably by the operators.

I thought the true biggest china exchanges went as follows:

okcoin
btcchina
huobi

Brewins

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stamp is annoying with all verification things and they neglect the security of the site.

Why would anyone want to use it?

Topic: Stamp volume down (Read 2421 times)