fractional reserve ?
that is the speculation these days (as the root of many complaints)
funny when the Gox site went down Cryptsy issued a defence statement for their site on their blog.
they claimed they do not run like that and they are solvent.
implying if all users tried to withdraw their coins it would work fine.
who believes this ?
way back i tried to find the Blog posting but it seems to be gone (or i just couldn't find it)
me ?
I think they have been on the edge of going out business for close to a year.
if you think about it the Altcoin scene has died and that big rush of people that came left long ago.
Coin trading volumes have evaporated.
So how they are even turning a profit is beyond me..
And didn't they start with 0% transfer fee's or something ?
Weird because back in the day that was the main revenue i am pretty sure.
Guys it goes way behind, "i registered there and took my coins out ok."
You have to know the history of this stuff.
About a year an a half ago roughly BitcoinEXpress posted a topic claiming they were fishy.
Because every time there was a surge of Bitcoin's value ..EVERY TIME they had wallet problems.
It got so comical and predictable.. i started telling guys way back then on their chat box
..expect it.
here it comes again.
and sure enough..
So when BCX posted that i replied back, "i know.. i seen the same damn thing !"
Strangely ever since he has come to Cryptsy's defense though.. weird.
They are full of shit they have been proven to take kickbacks basically from coin cloners to add their coin etc
They themslevs the staff have made coins and added them to Cryptsy with no ANN topic posted here.
When i fist signed up i found out later Caps's was Mullick's coin.. (Cryptsy staff)
And i was mining on a Cap's pool owned and run by BigVern (Cryptsy owner)
So their history of being balls deep in making coins etc have been there from the start.
cough cough.. TIX ahahha
How they have the audacity and the nerve and the gall claim to be reputable is beyond me.
that is the speculation these days (as the root of many complaints)
funny when the Gox site went down Cryptsy issued a defence statement for their site on their blog.
they claimed they do not run like that and they are solvent.
implying if all users tried to withdraw their coins it would work fine.
who believes this ?
way back i tried to find the Blog posting but it seems to be gone (or i just couldn't find it)
me ?
I think they have been on the edge of going out business for close to a year.
if you think about it the Altcoin scene has died and that big rush of people that came left long ago.
Coin trading volumes have evaporated.
So how they are even turning a profit is beyond me..
And didn't they start with 0% transfer fee's or something ?
Weird because back in the day that was the main revenue i am pretty sure.
Guys it goes way behind, "i registered there and took my coins out ok."
You have to know the history of this stuff.
About a year an a half ago roughly BitcoinEXpress posted a topic claiming they were fishy.
Because every time there was a surge of Bitcoin's value ..EVERY TIME they had wallet problems.
It got so comical and predictable.. i started telling guys way back then on their chat box
..expect it.
here it comes again.
and sure enough..
So when BCX posted that i replied back, "i know.. i seen the same damn thing !"
Strangely ever since he has come to Cryptsy's defense though.. weird.
They are full of shit they have been proven to take kickbacks basically from coin cloners to add their coin etc
They themslevs the staff have made coins and added them to Cryptsy with no ANN topic posted here.
When i fist signed up i found out later Caps's was Mullick's coin.. (Cryptsy staff)
And i was mining on a Cap's pool owned and run by BigVern (Cryptsy owner)
So their history of being balls deep in making coins etc have been there from the start.
cough cough.. TIX ahahha
How they have the audacity and the nerve and the gall claim to be reputable is beyond me.
Mullick's very first post on Reddit: https://www.reddit.com/r/Bitcoin/comments/1k2lux/cant_withdraw_btc_from_cryptsy_because_i_used/cbkvy78
https://www.reddit.com/r/Bitcoin/comments/34l8rj/what_do_you_mean_by_sign_message_would_you_like/cqwnr2d
Quote
I have been with Cryptsy since beta and worked for them for 2+ years so yes. I am. What in particular are you referencing?
I'd say that Mullick's been with BigVern since day one.
https://www.reddit.com/r/Bitcoin/comments/3cabwk/trouble_with_cryptsy/csugf9r
Quote
Why don't you go troll an actual scam instead of a company trying to continue providing the safest environment to trade your alt coins
https://www.reddit.com/r/Bitcoin/comments/3pf9hc/cryptsy_developers_interviewing_for_other_tech/cw5z66c
Quote
We do not have multiple core devs in florida. Most are remote so would not be applying for Jobs in the area. As far as development there are 3 employees in Florida. Myself, Paul and our VP of development. I havent applied for any other jobs. And I doubt our CEO would.
That's the third time Mullick has stated that there's ONLY three employees at the Florida office where he works out of.
