Is Vault of Satoshi a scam?
Yesterday I saw this thread on reddit about the Vault of Satoshi(www.vaultofsatoshi.com). I got excited about alternatives to Bitstamp and Coinbase and since I had the verification items (2 forms of ID, proof of address) ready from verifying my Bitstamp account, I figured I'd just sign up.
Things that I liked about VoS: * Trades BTC and LTC
Uses two-factor authentication to sign in
Require you to send ID using PGP (if sending by email).
Things that concern me:
Very little outside information about VoS. There are some news articles but they all just copy the same press release and have little content.
The reddit thread has absolutely no content. The OP just gives gold to everyone who posts. So people make worthless posts just to get gold. No meaningful questions are asked or answered.
The order book doesn't seem to make sense to me. There are only two bids.
I transferred 0.2 BTC to VoS and looks like I've successfully withdrawn them (2 confirmations).
My concern is that VoS may be a very slick way to collect ID and information for ID fraud. What should I do if that's the case? They have my driver's license and other documents.
Perhaps, VoS is still new and working things out…