Topic: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action - page 503. (Read 1007121 times)

Ok so I didn't read everything that has been in this thread. But because I posted in this thread and I always go back and read the threads I posted in I wanted to say a few things.




Wolf0 is cool, not sure why your list here includes him.





Defaced is a really cool guy, and as far as I have known him he has been honest. He is one of the more trustworthy developers in the alt coin world and does a lot to help the crypto cause.




Well my last comment here, and I'm really only saying this at this point because I am beyond frustrated with my own personal situation. Two things on my mind, the first one is before I was "someone" in the crypto space I've had numerous issues with Cryptsy. I've personally never really believed that there were only technical issues, either that or really bad mismanagement. The second thing is that I worked so very hard in order to come out with an alternative, and because my team and I were doing everything by the book we are unable to secure the proper funding to launch an exchange that is truly legitimate (not to say Crypsty isnt legitimate, but as far back as I was a customer there have been problems). Therefore until we get funding the project is on hold.

We have a fully functional exchange, but we refuse to open up without the proper safeguards in place so customers know that we are not a fly by night exchange.


/end rant and off topic....lol

@BitJohn

You said you were only in Florida once. Was it the time you conducted this hangout on Google? https://www.youtube.com/watch?v=m1XCiqA2CeE

interesting Gleb and yeah i would bet that is an old BigVern account.
I also can confirm Litebonk exists and for a long time i was popping over there when i started Crypto mid 2013'ish
i forgot about that place LOL
Paul has started a lot of shit..
I recall the auto coin switching multipool that paid out in BTC.. i tried that for a while.

https://www.cryptsy.com/pages/about

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!

Well he has always been in BTC and has a lot of domains. When I met him at litebonk he had a bunch of companies doing various non crypto things. That and his Litecoin pool. I talked him into setting up a WDC and DGC pool back in the day since I used his pools.

Then how did Paul come up with the name Cryptsy back in early 2012?

I don't think he had one I am pretty sure I brought him here. Paul had his own Forums litebonk back then for his pools.

https://who.godaddy.com/whoisstd.aspx?domain=cryptsy.com&prog_id=GoDaddy&k=XGhBGY%202i25FaHd%20bR8ITCeWp01I3an5iuNjAHjkHDpzlh5yhRaCUiBdOeAi%2fHF7



I've yet to hunt down Paul Vernon's account on this forum prior to his bigvern nym: https://bitcointalksearch.org/user/bigvern-93918. There has to be one given that Cryptsy was registered on February 9, 2012.

Nice find.. i am's haeve popcorn'z !!1111

Wow! Simply, wOw! The dude's from Florida, knows Paul Vernon, and 100% vouches for his character where I, Bruno, had no problem finding counter examples. I have the full dox on SS, but will hold off for now till I see how "CE" fits into the scheme of things pertaining to Cryptsy.

The bookmakers in Vagas say it's even money given that Leroy "Serial Liar" Fodor is involved.

LOL Fodor you out done yourself HAHHAHA

What are the odd's the one guy in here defending them is the last guy bitching about them
..being insolvent on their Facebook page  R O F L

Nice find Gleb !

Amazingly, of the 300K+ Cryptsy user base, ONLY 232 (one added since I reported last) users signed up for the promo of the limited 2,000 prepaid debit cards. That's only 1.07% of BigVern's Twitter followers. Perhaps Paul Vernon should mention this campaign on their Facebook page which was last active with the following post (Warning: Not responsible if you laugh yourself to death: https://www.facebook.com/Cryptsy-208535829335021/

I don't believe that Cryptsy ever had any "lack of marketing" issues.

It's  the lack of marketing. -sigh-

I don't think your analogy is off honestly. It is obvious that there are issues with Cryptsy at the moment. As I said before knowing Paul I think he will get it figured out it will just take a bit. That is however my opinion I worked for him for quite a while and was sad to leave.

Project Investors is the parent company im not really surprised it doesn't have anything on it. The user count when I left was well over 300k. You might as well use the Facebook page for your example because I feel that is pretty low also.

 

this image shows the trustness of crypsty

https://bitcointalksearch.org/topic/m.12987510


Color me confused, for no matter how many altcoin wallets have issues Cryptsy shouldn't have a single problem running its exchange if it's functioning properly. The Cryptsy exchange is simply a ledger keeping track of buys and sells. The exchange is funded via viable means (bank transfer, bitcoins, solid altcoin, PayPal, CC, etc.) that Cryptsy accepts for payments. There's no need to sinc to any, let alone ALL the altcoin wallets on the exchange proper because, again, it's just a ledger.

If an altcoin is accepted for payment or withdraws and it becomes troublesome, then Cryptsy would simply no longer accept it and, in kind, delist it from the exchange as a service to its users if the alt's issue are not resolved accordingly and in a timely fashion.

As a legacy commodity exchange, they don't have access to the wheat chamber if wheat is accepted for payment and/or withdraw and its commodity pair is, let's say, civet coffee. Said exchange doesn't cancel or delay the buy/sell because the only dude who has the key to the run-amok wheat chamber is on holiday at the civet petting zoo. The deal goes through. Later, when the person wants to exit the exchange, he puts in a withdraw request via the acceptable methods. Granted, if civet coffee is not an option for him to withdraw, he must trade laterally to a commodity that is acceptable, perhaps corn.

I know, the above example is highly skewed, but surely the gist of what I'm trying to point out comes across. If Scottrade starting having issues with its users, they would only be able to use the "somethin's broken" excuse for so long before users with pitchforks start cryin', "Insolvent!"

Please feel free to correct me in my assessment above.

"3. There has never been any secret system slowing withdraws (just legacy programming that cant handle the load)."

Bullcrap.  The withdrawal issues spread from BTC to LTC to DOGE.  I got the rest of my coins off in ETH.  My FLO withdrawals were halved, then halved again, and again, and again.  The whole thing smells really bad IMHO and hopefully the truth will be proven in court.  Civil and hopefully criminal IMHO.   The ship is sinking.  Big Vern to the Big House!