Topic: CRYPTSY STAKES POS COINS (XST)!!!!!! EXPOSED! w/ links - page 2. (Read 2763 times)
bittrex doesnt stake?
Wow this is a crap move on Crypty's part. Time to move mine to bittrex.
Yeah they stake too more than likely. The ones who tell you they do not are probably lying.
Edit:
Not really a move either since its always been public and always been stated.
Wow this is a crap move on Crypty's part. Time to move mine to bittrex.
This is nothing new. When did Cryptsy ever state we do not stake coins? Some coins we do, others do not stake well. Some coins have bugs where even when you turn staking off they stake (XST). Some use so much CPU its not worth staking them.
In our Terms of Service https://www.cryptsy.com/pages/terms
28. Staking Interest
Some Cryptsy wallets may provide staking interest rewards. Any staking rewards, conversions, snapshots, or likewise will become the property of Cryptsy.
Though I wont say how many coins we keep in cold storage. Obviously those do not stake.
In our Terms of Service https://www.cryptsy.com/pages/terms
28. Staking Interest
Some Cryptsy wallets may provide staking interest rewards. Any staking rewards, conversions, snapshots, or likewise will become the property of Cryptsy.
Though I wont say how many coins we keep in cold storage. Obviously those do not stake.
the least you could do is to separate the staking coins into multiple wallets to mitigate the potential issues with controlling the blockchain, or else you guys could control the blockchain doing double spends or forks at will, please take that into consideration
It's the Dumbass PoS supporters/developers fault. PoS=Piece of Shit and rightly so.
This.Oh, PoS so so good, yummy yummy in my tummy... people just don't want to decentralize... bitcoin is wasted on their puny minds...
These people are the ones voting for socialists to raise their pension. They just don't understand that quantity != value.
Let's just sit around doing nothing, surely that merits rewards...
This is nothing new. When did Cryptsy ever state we do not stake coins? Some coins we do, others do not stake well. Some coins have bugs where even when you turn staking off they stake (XST). Some use so much CPU its not worth staking them.
In our Terms of Service https://www.cryptsy.com/pages/terms
28. Staking Interest
Some Cryptsy wallets may provide staking interest rewards. Any staking rewards, conversions, snapshots, or likewise will become the property of Cryptsy.
Though I wont say how many coins we keep in cold storage. Obviously those do not stake.
Edit:
Would you mind removing Exposed from the title. Since there is nothing exposed. Its always been publicly stated, and is spelled out in the Terms of Service. Do not mind the discussion, but your implying its a conspiracy.
In our Terms of Service https://www.cryptsy.com/pages/terms
28. Staking Interest
Some Cryptsy wallets may provide staking interest rewards. Any staking rewards, conversions, snapshots, or likewise will become the property of Cryptsy.
Though I wont say how many coins we keep in cold storage. Obviously those do not stake.
Edit:
Would you mind removing Exposed from the title. Since there is nothing exposed. Its always been publicly stated, and is spelled out in the Terms of Service. Do not mind the discussion, but your implying its a conspiracy.
cryptsy got caught with there pants donw on XST
Did Cryptsy say they were not staking proof of stake coins? Otherwise, why wouldn't they? Of course it is an issue of centralization, but isn't it as obvious as mining pools in bitcoin?
I was always under the impression that NO exchanges DID not stake coins, think about it it would cause constant downward pressure with there sells and they could do whatever they want with the coin, fork it because they dont like the dev/commuinity or to get it low and buy up cheap coins then fix it... its just not SAFE ATALL
atleast they should break it up into multiple wallets which would limit the negative options available to them
cryptsy got caught with there pants donw on XST
Did Cryptsy say they were not staking proof of stake coins? Otherwise, why wouldn't they? Of course it is an issue of centralization, but isn't it as obvious as mining pools in bitcoin?
Someone told me about this while ago. It's pretty easy to see that those volumes are mostly coming from people who work for cryptsy and you can find all crap coins there. 
. It's pretty much a scam to rob new guys out of their money.
. It's pretty much a scam to rob new guys out of their money. It's not Cryptsy's fault, they're just making money.
It's the Dumbass PoS supporters/developers fault. PoS=Piece of Shit and rightly so.
It's the Dumbass PoS supporters/developers fault. PoS=Piece of Shit and rightly so.
Then you know nothing about Cryptsy at all. if you say its not their fault. Noobs like you will fall again into the next GOX trap, but well i don't care if fuckups like you end up broke.
EXACTLY! these people dont even see the ramifications of this.. ITS HUGE now it makes sense why they have all there coins in one massive wallet, more POS hashrate, cryptsy got caught with there pants donw on XST, something is definately fishy and im still working out the finer points, its pretty obvious this is VERY UNSAFE for the altcoin commuinity thou
atleast they could break up coins into multiple wallets to mitigate the overall hashrate for one account
and now Cryptsy has frozen the XST market again.... LOL
Why are you shocked?
Of course they'll get free stake of millions of pos coins'.
Because most of idiots keep their coins at exchanges....
Of course they'll get free stake of millions of pos coins'.
Because most of idiots keep their coins at exchanges....
It's not Cryptsy's fault, they're just making money.
It's the Dumbass PoS supporters/developers fault. PoS=Piece of Shit and rightly so.
It's the Dumbass PoS supporters/developers fault. PoS=Piece of Shit and rightly so.
Then you know nothing about Cryptsy at all. if you say its not their fault. Noobs like you will fall again into the next GOX trap, but well i don't care if fuckups like you end up broke.
How fast do you fucking quote. I edited that out. Fuckups like me, I've likely made more than you'll ever see in your life.
It's the Dumbass PoS supporters/developers fault. PoS=Piece of Shit and rightly so.
so after whats been going on with XST lately and cryptsy users having large amounts of XST deposited into their accounts out of no where i started some investigative work.
the block in which the "free" xst was deposited to users accounts was this (as well as the next 8 blocks) .... http://explorer.argakiig.us/t/sbEM5rvwf
you can then see in the next 5 blocks over 1.5million coins are moved to one address... here.. http://explorer.argakiig.us/a/sbvo
I then confronted Horus who confirmed that YES they do STAKE there POS coins!!!!
This means that cryptsy could fork ANY POS coin listed at there whim, they could dump it to buy cheap or just plain kill a coin they dont like, or worse DOUBLE SPEND attacks
i can get more indepth with this is if theres interest, i just wanted to get the news out ASAP...
the block in which the "free" xst was deposited to users accounts was this (as well as the next 8 blocks) .... http://explorer.argakiig.us/t/sbEM5rvwf
you can then see in the next 5 blocks over 1.5million coins are moved to one address... here.. http://explorer.argakiig.us/a/sbvo
I then confronted Horus who confirmed that YES they do STAKE there POS coins!!!!
This means that cryptsy could fork ANY POS coin listed at there whim, they could dump it to buy cheap or just plain kill a coin they dont like, or worse DOUBLE SPEND attacks
i can get more indepth with this is if theres interest, i just wanted to get the news out ASAP...
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