5 cents about cryptsy. There are rumours about it, seems to be a scam. They want palm to make coin listed. They want a part of premined capital. There will be selling order (see DOGE charts) placed before us. Dev's please don't feed it if this is more than rumour. Don't kill your coin.
What is wrong if a trading platform takes a fee for adding a coin and giving the privilege to the devs to add their trades first? Why is everybody automatically shouting "SCAM" when a business asks for a fee or when a small percentage is pre-mined (especially when it is announced).
Sure, it is not in favor for the community, but it does not make it a scam.
Exchange takes fee, so why the fuck there is additional hidden shit? Look at their fee for LTC withdrawal, they for long time stealing 10% of average LTC miner daily income.
They are not 'stealing', they made a trading platform. It's their reward for doing it and people seem to go along with it. It's called business, sometimes it's not fair.
This is impossible fee I have ever seen. Such fee MUST be in bold font in "Deposit" dialog. Otherwise this is a
trap.
I may be missing something here but taking a chunk or pre-mine to be added to site and then allowing Devs to put in orders before others. If that is the case then crypto curency has become a joke and every coin that hits an exchange is now a scam.
Another way the rich get richer.
Example 1. Dev 1 makes a coin with no premine. It is a great coin ith huge community support but never hits an exchange because the Dev has no initial money to pay for it to hit the exchange. Eventually people lose faith in the coin and the coin dies.
Example 2. Dev 2 makes a coin that has no premine. It is a shit coin with a shit community. He has capital so the coin hits an exchange. Everyone with the coins dumps because as said before it is a shit coin. Thi is the Dev included since he mined the shit out of his coin. He gets mad money. People bought though so the coin will stay on exchange for at least a while.
Example 3. Dev makes a coin with a premine good or bad. Offers part of premine to exchange to be added to exchange. Dev and cryptsy take massive dumps making mad cash.
The rich get richer.
The scammers get richer.
The community gets F*dfjfgkdfhkjdnf*ED