Topic: cryptsy gone to the dogs-e (Read 1061 times)

What don't you like about the free market at work ?

Using malicious negative feedback to suppress free speech discredits the bitcoin community

I have been staying out of these debates and overall I feel Spoetnik and Kelsey really have good intentions towards the community and generally raise healthy debates about these things some of which as they know from our own private debates back in the day I can agree with.

One big topic that has come up recently is voting for coins we had mixed feelings about this at first but generally we are looking for coins that have support and will maintain some volume. The new system is transparent which many have been screaming for for some time. The new system tells us that a community is willing to invest in their product. Which means they are also willing to make monetary investments to do the care and feeding of their coin namely services and updates.

About ORB we added ORB due to demand customers wanted to trade it. Paul and I were not fans due to the obnoxious pre-mine but when your customers want something it is generally not good practice to deny them and we denied them for some time before adding it again. These days its not out of the norm to have obnoxious pre-mines for some "good" cause. I have publicly stated several times I dislike pre-mined coins in general I am a legacy alt coin guy meaning I like LTC, PPC, NVC, DGC, WDC, FRK, CAP basically the first generation of coins that came after the big ones. I have a few newer ones I like like CASH and DOGE has grown on me as well.

As our customer base grew demand for alts grew. Then the rush of new coins came and sorting out fairly how to pick became daunting to say the least. So we took the feedback from customers and trolls and added the now transparent voting system that requires some investment on a developers part to get on the exchange. Is it a perfect system? (what is?) Should we decide to list only coins we like? Bottom line is we want our customers to tell us what they want and we want the developers to have some stake in maintaining their product. Sure there is some income from voting but it pales in comparison to income generated from the exchange itself and is not at all the reasoning we used to allow for paid voting.

Cryptsy was founded from a set of mining pools to allow a safe place for miners to exchange newer alternative coins. In fact our mission statement:
"Provide a safe environment for users to trade crypto-currencies with other users in an efficient and easy to use manner. "
and we stand behind that statement.

Are we perfect? No, is anyone? Do we strive for perfection? Yes absolutely! Are we there yet? Nope but we get better every day. Changes cannot happen overnight if they do we put all customers at risk so change takes time and testing.

As far as current Altcoin prices......It's a bear market not the first time we have seen this. Last time I believe QRK for instance was about .00000050 BTC three months later it was .00018000 BTC just to put it out there I sold mine at .00000075 or something like that, OUCH! So you have to be in one of two camps if you believe BTC prices will tumble farther your alts tied to them are not growing in BTC value they are tied together (currently). So when calculating alt losses your best bet is to see in relation to BTC $$ value that they have gone down my guess is most about 50-75% if your coin didn't follow that trend lookout its a good one since its resisting that pairing with BTC. ***This is my opinion and observation not trading advice!***

Lastly Cryptsy is a public facing entity with an office you can drive to if you wish. Going through all the process legally to be a legitimate exchange. Paul chose from the start to be a public figure so folks knew who they were putting their money with. We are represented at most major Bitcoin/Altcoin conventions come talk to us! We want to know what you think.

I am sure this post will get some trolling which is fine debate is healthy but lets try and make it productive heck we might all get something out of it.

Yes, indeed, there are a lot of us bagholders who are drinking our own koolaid.  Additionally, I compliment you on your use of the comma (,).

 

First of all I don't appreciate you making up quotes for me. At no point EVER did I say IFC could not go down. If you think I did provide a quote from a verifiable source, otherwise zip your FUD hole. Second, I am not responsible for every moron chanting in exchange troll boxes, and I assure you they are there for EVERY coin, a lot are even bots.  As far as trolling goes, you troll yourself. You have a big mouth and people make you pay for it. That seems like a problem you need to focus on, not an external issue. You make lots of assumptions and love to form opinions based on little to no information. Speaking of which it is funny how you forgot the part about me calling cryptsy out for fraud months ago (the original reason you started getting butthurt about my opinions so much), but you are still crying about something you are not involved in and know nothing about which happened months ago. I think you need to find a hobby, your life is clearly unfulfilling.

ya sad situation indeed but i get the feeling the tide is changing a bit though lately and a lot of these guys/girls are seeing reality more and more.

i think Doge coins flash miners that popped up in OCT are getting the IFC rude awakening.. many of us recall the hoards of moronic zombies with IFC way back..
I literally heard that it was not even possible for IFC to go down in value from one of the guys who commented above me here lol
All my criticisms of these guys harping about IFC about 3 comments a second on cryptsy chat saying "to the moon" and "arise chikun"
and how it was the greatest coin that could ever exist basically by guys like TECHSHARE made them flip out and gang up on me and rage and Troll me half to death.
and guess what ? I was right and the price tanked to nothing and never ever returned and no it did not go on to be a success on TX fee's alone when i pointed out
how the block reward was getting drastically cut because of a planned change to the coin..
I took suuuuuuch a bloody god damn beating back then even suggesting the notion that it (IFC) would go down hill
and it sure didn't take long for all those lippy idiotic punks to do a vanishing act never to be seen from again either..
none of them wanted to stick around for the "I told You So's" lol

And here we are later with Doge coin.. i just checked the price (before i came here after seeing a red arrow at cryptsy)
0.00000112 BTC = $0.00054 USD
few weeks back i mentioned i broke down mining profitability (in my sig topic) and said things will slide hard now when people jump ship for a more profitable coin..
back then Doge was about 0.00000269 on average at Cryptsy.. i was right and they deserve an i told you so lol
The so called community will evaporate when something else becomes more profitable.. reality check time Doge cheerleaders lol

It's not an i'm the best in crypto thing ..i am though its just that people like me or you Kelsey just get mouthed off and written off as Trolls unless you blow scamming cloners.
Hell we may even want to mine and trade some for these coins if we can deal with them in an honest way.. most often there is so much bs swirling around a coin though.
I just can't choke back such ridiculous nonsense from bag holders spewing propaganda.. Like i have 25 BTC invested in Doge coin there for its going to the moon..
Like saying i own a Kia car so Kia cars are the best on planet earth.. Pepsi is the best cola because i have one in my hand.. Half the people in crypto are are professional bag pumping bullshitters and some of us know it and others are just blind little puppets.. some are noobs and i can forgive them for that but some of these guys know better.

Don't you like their 6 hour deposits?

cryptsy adds the new hype coins too late. either keep up with the shit exchanges or stop adding every hype coin.

they should also remove all the low volume coins.

its crazy when you see premine on the tittle too now!

yes its sad that not much more the 6months ago 90% of the new coins would have been shot down in flames, now you're shot down in flames for calling them out 

You could think this, but the reality is that the cryptocoin community is a bunch of greedy idealists that continues to believe in fairy tales that "their" coin is going to be the "next big thing"

The entire crypto community is cannibalizing itself and while Cryptsy didn't help it, I can't blame them for making money and staying relevant.

Quite frankly, Cryptsy doing the paid votes was a good thing because it neutralized Mintpal's paid voting scheme.  After a couple weeks, pump and dumps became obsolete as people traded the news quicker and quicker.  In other words, the pumps lasted about half as long each additional coin voting.  Now, there are virtually no pumps due to the voting mechanisms.

This is a good thing.  Also shows that people are tired of crappy coins and getting burnt.

Cryptsy is at a crossroads.  Do they continue the trend of shitty altcoins or do they add some real value?  Like upgrading their platform, becoming a Ripple gateway, expanding into the services that they've been talking about for months, etc.

But I will say one thing, at least they have good security.   I've never lost any money at Cryptsy.

Cryptsy gets rich by draining the cryptocoin community of wealth through lies and what would be described as fraud under any other economic system. Just because crypto is new doesn't mean no one is noticing Cryptsy drain this community dry as they promote a ponzi mentality. Boycott Cryptsy.

We all want to know what happened, have a look what happens behind.

agreed and Max coin proves your point.

and Cryptsy is trying ? yeah they are trying to get a lot more fast and loose with the morals lol
they added voting and paid voting and have snuck in all sorts of shitty coins.. can you say ORB ?
Which was snuck back in mid Dec after public out cry force them to pull it an hour after they added it months earlier because of a premine.
Seems a premine is now acceptable no matter how bad.. we see no out cry ever since orb back in like AUG of last year.. scummy pricks have taken over.

Greed, corruption and money, Crypto at it's finest these days.

Perhaps Cryptsy got burned by shitty coins, dev mistakes and forks, and now is becoming more conservative.

Cryptorush.in added coins without thinking much, and look at what happened...

seems if you're not trading doge or bailing from Aurora its pretty low liquidity elsewhere on cryptsy. even the dogiest new exchanges have their latest adds pumping along better at times it seems.

cryptsy was playing the game add the lastest craze to get the turnover but now many other places beat them to adding coins, coins are added at some places as they are invented.


cryptsy helped the go for the new, last bag holder turn out the light approach now it seems it might burn them, should they have gone the quality route for longterm survival of both the exchanges and alts?