Trust in blockchain and who undermines it..

There are two things that never cease to amaze me: the starry sky we head and cynical arrogance exchange HITBTC, with which it assigns client money.

The emergence of blockchain and cryptocurrencies in our lives was marked by new principles of monetary relations:

an economy that does not need trust (everything is simple and transparent)

anonymity

the absence of intermediaries

principles of democracy and more

It would seem that the new system is perfect and timely. The current (banking) financial system has lost its relevance. Why, then, the blockchain still raises many questions and concerns both from the participants of the system itself , and among those who are just thinking of starting to use the blockchain directly and cryptocurrencies.

The fact that some of the exchanges started in favor of personal gain, neglected the basic principles of undermining the credibility of the blockchain.

Take for example the HITBTC exchange. The exchange itself, as a financial institution, does not disclose any data about the country of registration or the heads of the exchange. Does not have any licenses, or we do not know anything about them. However, as soon as Your money arrives at the exchange, its security service asks you to pass the verification.

What a catch. Your money from the moment of receipt of them on the exchange are frozen (and simply assigned by the exchange) and to get them back, you need to prove that you are the owner of the account, that the funds you received legally, to provide all your documents and...... And not the fact (we know many cases) that the funds will be returned to you.

That we have dear friends. Your money takes away who knows and who knows where they then go. And this most unknown asks you to provide all your personal and financial data. All this is covered by the fight against fraud.

We don't know how they are stored or how secure they are. We don't even know who has access to them. Here you have anonymity, here's reliability, here is the transaction speed. The thing is that HITBTC is a centralized exchange. This is used by its representatives for criminal purposes. As long as such exchanges as HITBTC there is confidence in the blockchain will not add a cent.

All who suffered from HITBTC write to mail! Let's fight together!!!

lawnesterova@yandex.ru