How about some kind of crowd funded new exchange? surely someone could step up and start another cryptsy and another crypsty ...why is there just one?
Because it's really, really, really hard to build and maintain a good trading platform.
It's even harder to make it secure.
It's even harder to make it scale well when a bunch of new users join.
Even if you have millions of dollars to spent on the project and an experienced team, it's still really hard.
Hopefully we'll see some more exchanges pop up soon but I wouldn't hold my breath. There are simply not that many people in the world who have the technical / business / legal expertise to build a first class trading platform (which is what everybody seems to be demanding).
Personally I think cryptsy have been doing an amazing job of keeping things together, but maybe that's because I'm a software developer and I know how hard they must have been working to just to keep everything running over the last month.
I certainly agree that missing coins are a serious issue that needs to be resolved. And I even support OP taking whatever actions he feels necessary to try to retrieve those coins. But I really can't understand why there is so much hate for cryptsy here.
Just imagine for a second that cryptsy is gone, where are you going to trade your alt coins?
There is no other alt trading site that can handle 1/10th of the users cryptsy is currently supporting. (plz correct me if I'm wrong).