D1P3 - TNABC 2015 - PAUL VERNON CEO CRYPTSY From Bitcoin to Dogecoin: https://www.youtube.com/watch?v=jdOEgAG8PLU
Here's Paul Vernon's timeline (you're not gonna believe this!):
2011: Fires up a GPU in the living room. Wife mad cause it made too much noise, blah blah blah. Paul quits Bitcoin end of year.
2012: Paul registers Cryptsy.com (he did that mention this fact).
2013: (... wait for it ...) Paul rediscovers Bitcoin via some article. Pulls out the old GPU and fires it back up, but no bitcoins (he figured out why - ASICs). He found an old wallet and realized he was rich. (... here it comes ...) (paraphrased) "This was about the time that Litecoin was created sparking my interest anew. So, back to BitcoinTalk I cruised."
For those slow and didn't catch it:
Via Wikipedia: Litecoin Date of introduction 7 October 2011; 4 years ago
To be fair to Paul, I'm only 5 minutes into the 20 minute video, so perhaps he corrected his mistake somewhere within.
EDIT: Holy fuckin' shit! (~5:15 minute mark) He just said that after finding Litecoin (2013) on a thread, he reworked his GPU and starting mining litcoins. It was easy because the difficulty was low and not many people were mining it. Paul Vernon has lost his motherfuckin' mind!
Here's Paul Vernon's timeline (you're not gonna believe this!):
2011: Fires up a GPU in the living room. Wife mad cause it made too much noise, blah blah blah. Paul quits Bitcoin end of year.
2012: Paul registers Cryptsy.com (he did that mention this fact).
2013: (... wait for it ...) Paul rediscovers Bitcoin via some article. Pulls out the old GPU and fires it back up, but no bitcoins (he figured out why - ASICs). He found an old wallet and realized he was rich. (... here it comes ...) (paraphrased) "This was about the time that Litecoin was created sparking my interest anew. So, back to BitcoinTalk I cruised."
For those slow and didn't catch it:
Via Wikipedia: Litecoin Date of introduction 7 October 2011; 4 years ago
To be fair to Paul, I'm only 5 minutes into the 20 minute video, so perhaps he corrected his mistake somewhere within.
EDIT: Holy fuckin' shit! (~5:15 minute mark) He just said that after finding Litecoin (2013) on a thread, he reworked his GPU and starting mining litcoins. It was easy because the difficulty was low and not many people were mining it. Paul Vernon has lost his motherfuckin' mind!
Thanks to HippiTech's post at Feathercoin, I watched above youtube video.
It surprised me Paul confessed two things during the talk:
1. 2min10: Paul confessed with bitcoin he gets "to feel like a hacker".
So Paul translated his feelings (words) into deeds?!
2.6min43: "Paul confessed he generates about 20 different coins, and makes a new coin when the difficulty for mining gets to high".
It is many times discussed in this thread that cryptsy listed a lot of "in house scam coins" created by their own
About his
https://www.youtube.com/watch?v=3Vynm0xbCak
With the help of BitJohn (John Hammes) leading the pack from his office at the edge of an Afghanistan war zone, in just a couple months, Paul Vernon went from mining Litecoin and creating a pool till that was no longer fruitful (a lie, for it was basically no longer fruitful), to ~20 other altcoin pools via requests from its users, to starting an exchange, again, via requests from its users, opening Cryptsy on May 20, 2013, sans a single employee until circa October 2013.
Quote
Domain Name: CRYPTSY.COM
Registry Domain ID: 1701325931_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.enom.com
Registrar URL: www.enom.com
Updated Date: 2014-10-23T14:00:26.00Z
Creation Date: 2012-02-09T17:45:01.00Z
Registrar Registration Expiration Date: 2017-02-09T17:45:00.00Z
Registry Domain ID: 1701325931_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.enom.com
Registrar URL: www.enom.com
Updated Date: 2014-10-23T14:00:26.00Z
Creation Date: 2012-02-09T17:45:01.00Z
Registrar Registration Expiration Date: 2017-02-09T17:45:00.00Z
Paul Vernon registered Cryptsy in February 2012, while on break from mining bitcoins in 2011. How many bitcoins did Paul mine with his GPU miners in 2011? ONLY 10 BTC before putting the rigs away and forgetting about the coins till he read about Bitcoin again in 2013, but for some reason registered cryptsy.com in early 2012. All them GPUs, all the heat, and all the noise, Paul Vernon was able to ONLY muster up 10 BTC while the rest of the community was fairing much better with their setups.
At the time of the interview and Paul's talk, nobody questioned his timeline. But if they had, perhaps the Cryptsy fiasco could've been avoided. I say perhaps because we have Marshall Long, Nick Spanos, Leroy Fodor and Craig Wright all proclaiming to be trading bitcoins in 2009 when this forum had ONLY 17 (definitely not 20) registered users, yet nobody 'cept myself (more or less) bringing to light that their claims are also 100% lies, espoused so to move forward their respective nefarious activities. Hell, theymos didn't even register till February 08, 2010, as this forum's 35th user.
or he kidnap hahahahahaha