Honestly, I don't understand why some people have so much hate for altcoins. There are some decent altcoins out there.
Also, I really don't see cryptsy as an outright ponzi scheme. I think of cryptsy as more of as a poorly coded exchange under the control of a woefully apathetic management team. Frankly, I'm surprised they even lasted this long.
Unfortunately, I think we'll see them last a bit longer though. No matter how bad it gets, I expect there will always be a pack of fanboy idiots that will stick with these imploding exchanges until the end. For example, look at the mcxnow fiasco. There were dozens of lemming traders kissing realsolid's ass all the way up until he fucked them and ran off to Europe.
- Honestly, I don't understand why some people have so much hate for altcoins. Really ? A trail of victims leaving a stinky mess by vile horrendous people
destroying the very concept of crypto
including Bitcoin and you have no idea why ?
i am flabbergasted you would say that. (what's wrong with Altcoins he says in the SCAM Sub-Forum LOLOLOL)
Like that is not even funny.. are you that naive to what has gone down across the world the last few years ?
Maybe it's because you have no clue what so ever what goes on behind closed doors ?
I know most of the coin coders well and have watched them all pull brutal sleazy stunt after stunt.
- Also, I really don't see cryptsy as an outright ponzi scheme.Let me guess your one of those "
i never had a problem with them.." guys ?
Famous last words with Cryptsy over the years... and Mt.Gox !
- I think of cryptsy as more of as a poorly coded exchange under the control of a woefully apathetic management team.That is EXACTLY what Mt. Gox was with their custom back end and fractional reserve system.
They had to rob Peter to pay Paul until it collapsed and when it got close and Mark knew the gig was up he posted lies online
blaming hackers for stealing all the money then closed the doors with no warning taking peoples money..
THEN he later had his lawyer make a statement saying he found a usb drive in his couch with over 100000 Bitcoins.
AKA: he lied and his lawyer *obviously convinced him to come clean (about running off with the money)
All that panned out because Mark set up the operation like that and it had one inevitable outcome.
He HAD to rip everyone off.. or in the end come clean and pay *some people (some would still get ripped off)
I think Mark's intentions were honest right up to
close to the end.
His Magic Trading card web site (exchange) was never deigned properly though..
so ?
Do you see Mt. Gox as a ponzi scheme ? Well see what i said about Cryptsy above
You are right when you said this though..- I expect there will always be a pack of fanboy idiots that will stick with these imploding exchanges until the endI started like in 2012/2013 doing this stuff and i already knew on day 1 that Gox had a VERY bad reputation (like Cryptsy)
And it only got worse over time and no matter what like you said.. idiots would cheer lead for them (contrarians)
People who feel compulsive and obsessed to take the opposing stance and argue even in the face of facts / testimony.
Bottom line is Cryptsy has always been secretive so we just don't know what goes on behind closed doors !@vancefoxAhh i see.. with that small an amount of money i would guess no (no class action lawsuit)
I had Paypal rip me off for about 5k usd withdrawing from BTC-E and i DID hire a lawyer (and got my money back)
and i had to pay for that out of pocket too
So i doubt these guys whining about Cryptsy will do anything LOL
Bitcoin has it's share of scams. They've cost users far more money than have ever been lost on all altcoins combined. So, I think your argument is completely off base.
With regard to my experiences with Cryptsy, you should read the thread for my previous posts. I laid out my issues there already. I had significant problems with them. I am an advocate for cryptsy treating their customers better and proving they are solvent.
And no, Gox did not look like a ponzi scheme to me. It was a clear case of embezzlement. If you check a dictionary, I'm sure you'll find completely different definitions for each of those terms.
