Bomber posting a response in Italian on Bitcoin Talk about the convert-to-BTC clause
Hi all, Like many of you, I have significant XRB locked up on BitGrail. While trying to get up to speed on the overall situation, I stumbled across this Bitcoin Talk thread in Italian from a few days ago, in which Bomber answers a few questions more lengthily. The thread is accusing BitGrail of being a scam, and so he is defensive in it. The part I thought might be helpful to translate now is his response to a question about the forced withdrawal to BTC for account closures - arguably the most controversial aspect of the mandatory verification changes, plus the thing that made BitGrail appear most like a scam, whether true or false. A user asked (translated by Google Translate): If you still allow the withdrawal in BTC do not allow the withdrawal with the altcoin? what difference does it make for you? Bomber's reply: Mainly for 3 reasons. 1. It is clearly written in the TOS accepted by the user at the time of registration -> https://bitgrail.com/terms "Upon termination, Members shall communicate to valid Bitcoin" BitGrail will convert to the Cryptocurrencies in Bitcoin and will transfer this amount as soon as possible by BitGrail. " 2. In order to comply with anti-money laundering, we must at least try to show that we have done everything possible to convince people to occur. 3. Raiblocks is the most anonymous coin I know, and this does not help since the problems arose for anti-money laundering. Bitcoin is pseudo-anonymous, Raiblocks is no fee and therefore potentially mixable endless times without ever paying a satoshi. Basically, it sounds like in Bomber's view the decision to force convert to BTC is a way to minimize the chances of money laundering. He talks about the ease of mixing Rai Blocks and its resultant anonymity, which I don't think is baseless, since Rai Blocks used to have a mixer or two online and so there must be at least a bit of a history here. I think too it was most likely a clause, put in a long time ago for the reasons he outlined, which blew up in a bad way when he decided to actually implement it. Chances are when the BitGrail TOC were written, XRB would've been way more suspect than it is nowadays due to the Captcha farming era, so the existence of the clause in and of itself doesn't completely lack rationality. I found seeing a response by Bomber to this question helpful, as the BTC thing was the most suspect part of the forced account closure maelstrom, hence taking the time now to share it. Obviously too, Bomber has since backtracked on enforcing this clause and said that people will have the opportunity to withdraw in XRB before forced account closures. But context like this at least helps in gaining a wider understanding of the whole situation. Also, we should consider using Italian more in order to communicate with him. It could be a good idea we compile a list of most important questions relating to BitGrail, translate to Italian, accept answers in Italian and then translate back into English for the community.
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