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Why in gods name would anyone want to use MtGox? Their verification requirements are ridiculous (they dont accept watermarked passport scan), why in gods name w

by dcc1 14y ago

Why in gods name would anyone want to use MtGox? Their verification requirements are ridiculous (they dont accept watermarked passport scan), why in gods name would anyone upload good document scans to what is essentially the money laundering arm of the Japanese Yakuza! Aint the whole point of bitcoin is that one doesnt have to use centralised systems like Paypal who love to freeze your accounts, MtGox do the same now, they freeze an account until you "verify" which might take months if ever all while your bitcoins are sitting in their account

dangrossman 14y ago
It takes days, not months, to get verified, and a cell phone camera picture of a drivers license and utility bill will go through fine.
- dcc1 14y ago
  No it wont, I uploaded a 200dpi scan and they refused saying they wanted a 300dpi scan, without the words Mtgox watermarked in red text across it What sort of fools upload hiqh quality passport scans to shady sites online who can uses these to steal your identity with great ease
  - dangrossman 14y ago
    It will, because that's all I gave them when I verified my account.
    - dcc1 14y ago
      Well then you are lucky, in meantime I will use bitstamp who dont fuck around freezing your bitcoins and dont ask for documents unless you are adding/withdrawing thousands.
imatworkyo 14y ago
This is a serious problem, its got to have implications in game-theory. It's better for 'ME' to join a tried and tested exchange. -but- It's better for bitcoins as a whole, for me to try one of the newer or lesser used exchanges. Just why entry level jobs require such high requirements now a days - as a hiring manger, why take the risk on someone knew (even if someone took the risk on you during your youth in better times) - better to just hire someone with 3 years experience...if its a buyers market and supply outstrips demand.

by dcc1 14y ago

dangrossman 14y ago

It takes days, not months, to get verified, and a cell phone camera picture of a drivers license and utility bill will go through fine.

dcc1 14y ago
No it wont, I uploaded a 200dpi scan and they refused saying they wanted a 300dpi scan, without the words Mtgox watermarked in red text across it What sort of fools upload hiqh quality passport scans to shady sites online who can uses these to steal your identity with great ease
- dangrossman 14y ago
  It will, because that's all I gave them when I verified my account.
  - dcc1 14y ago
    Well then you are lucky, in meantime I will use bitstamp who dont fuck around freezing your bitcoins and dont ask for documents unless you are adding/withdrawing thousands.

imatworkyo 14y ago

This is a serious problem, its got to have implications in game-theory. It's better for 'ME' to join a tried and tested exchange. -but- It's better for bitcoins as a whole, for me to try one of the newer or lesser used exchanges. Just why entry level jobs require such high requirements now a days - as a hiring manger, why take the risk on someone knew (even if someone took the risk on you during your youth in better times) - better to just hire someone with 3 years experience...if its a buyers market and supply outstrips demand.