Topic: HoboNickels - HBN - High Fast Stake - Version 2.0! More Secure, Less Intensive - page 122. (Read 478852 times)

Cryptsy really looks like it is going down. Withdrawing btc seems hopeless, but can people withdraw HBN and other alt coins? Or is it totally shutdown.

I used cryptsy less and less as my withdraw delays took longer and longer.

I guess I will go for Poloniex as well.

I would like to see both Hobonickles and Bottlecaps added there as well. I have a good amount of each. I wish I knew why Cryptsy is doing this? It seems deliberate as any coin that has a high volume on other exchanges seems to have the same trouble with withdrawal or has mysteriously gone into the maintenance mode. It appears to me that they have closed all avenues of escape if you want to convert your alt coin to btc you are left with very limited options.
1. What coins that are still working have only a small volume on other exchanges.
2. Or their prices are significantly lower than cryptsy price which means you will incur a large loss if you buy the coin and sell it on another exchange.
3. Some people have tried withdrawing very small amounts of btc .01 at a time. But if you do this you will get clobbered with excessive withdrawal fee that Cryptsy just implemented.

Another example of something that looks bad is I got most of my btc out by converting to Earthcoin and then sending it to my wallet. I did it late at night at 1 am. AS I was doing this in large buys of earthcoin which I then immediately withdrew the captcha part of the withdrawal process suddenly switched modes. It went from the easy to read 3 to five digit photograph of a number to this special bazaar font composed of long strings of letters which I could no longer tell which letters were caps and which letters were lower case. I tried 10 times and did not get one captcha code right. I finally switched to the audio mode to withdraw the rest of the coin. This once again looks very bad.  Assuming that people at Cryptsy are deliberating trying to keep people from withdrawing BTC or anything that can be converted to BTC I watched the chat at Cryptsy the next day as I was suspecting that Earth Coin wallet would also mysteriously malfunction as a result of my large transfer the night before. Sure enough the next day people were reporting that the Earth Coin wallet was now malfunctioning with extreme long delay for withdrawal.

This just looks really bad. This all started when bitcoin price started moving up. Is it possible that the main cryptsy wallet that stores BTC is insufficient to fulfill all withdrawal orders?

What does this all mean for alt - POS coins at cryptsy. If cryptsy is the only game in town you can't ever realize a profit because you cannot get your bitcoin out of there. After you sell your Hobonickles, you will be subject to the mysterious problem that seems to be affecting withdrawal of coins that can be sold for bitcoin or coins that are liguid enough to be sold for fiat. You will find that in one way or another they are essentially all locked down. This will eventually put POS coins that are only on cryptsy in trouble. Actually it will affect all of the alt coins traded at cryptsy in a very negative fashion.

Either cryptsy fixes this soon or we have to all withdraw all our coins from Cryptsy and trade them some where else in order to survive. I am recommending we all transfer out of cryptsy to some other exchange and resume trading at an exchange that is working. I can go with Polo or Bittrex they seem to be the most logical choices.

I would not be in such a conspiracy mode of operation but there is a ever larger growing collection of circumstantial evidence that seems to suggest something may not be right at cryptsy. If they would at least give updates or some details as to what exactly the problem is that would help to build confidence but almost no information is forthcoming. This problem is now in its 3rd week. Why the heck is the fix taking so long?

I did some checking and was chatting with people at Cryptsy they said there is only .16 btc in the main wallet. WalletExplorer.com

Yes... Many exchanges review the trading volume regularly. The volume in HBN is unlikely to be large in the forseeable future. Best to take enough time to get onto a couple of stable exchanges, and continue to monitor exchange requirements. BTER has been around a while and does distinguish between new/small/large coins.

I think we should be calm and proceed in a measured way. Most HoboNickels holders keep their main stash intact and only occasionally siphon off a proportion of their POS interest. This doesn't normally constitute a great amount. That is why the price has held. HoboNickels are valued and stored away.

For that moderate HBN volume, Cryptopia is a good, stable exchange. It has had HBN listed there for quite some time now https://www.cryptopia.co.nz/. OK the volume of HBN there is not great, but whose fault is that? I like Cryptopia because it is not based in the United States and is less prone to regulatory turbulence. As an example of that turbulence, as from August 2015, Poloniex cannot process trades from anyone resident in the State of New York. US regulation could get worse.

Why don't we try the Chinese-based exchange bitebi9  www.bitebi9.com/
Thundertoe has been successful in getting Tekcoin listed there. bitebi9 is a new start up company within the Bao Luo Technology Company Ltd., Dalian, China. They might like HBN on their books too.

Chinese CNY is the only fiat currency on bitebi9, but apparently you can buy BTC cheaper there than you can in the West. The exchange looks like a Cryptsy subsidiary. I wonder whether this is a planned Cryptsy move? Maybe other US exchanges will be forced relocate due to the increasing pressures from the banking sector.

Another exchange I have used and can recommend is https://yobit.net/en/  I think Yobit is based in Russia, but I'm not sure. Like Cryptopia, Yobit processes transactions quickly. A refreshing change from Cryptsy. And then again, Cryptsy hasn't folded yet. According to Paul Vernon it is still working hard to resolve outstanding issues. Cryptsy could bound back stronger than ever.

My thoughts as wellm

So what do we do now? start a fund? I have no idea who to bribe

Ya I would put my vote out there for Poloniex before Bittrex and not because I don't like Bittrex I do love that exchange but like Hilux said they tend to delist coins pretty quickly if the trading volume doesn't stay up there.

Poloniex or Bittrex would be nice.  Only thing I do not like about Bittrex is how quickly they drop coins if the trading volume slows for any length of time.

Only this one: https://twitter.com/hobonickels_jp

Does Hobonickels have a Twitter account?

Also, I wanted to report a 0.1B/year explorer in case of need
https://www.blockexperts.com/#services

It's gotten worse indeed, no denying there. And a bigger exchange would be great. I help pushing whichever one is decided upon. And will take my trades there too if we succeed.

Excuse me, I meant allegations, which may as well be false

I vote for Poloniex, because it has the largest volume of all
My second vote is for Bittrex

HOBONICKEL BUMP DAY !!!!!  



Buy HOBO before it leaves the station without Ya!!!   

AG18

Quoted for legal purposes.

@ Hippie Tech

Well you were attacking a coin I had invested in, so like a mirror I reflected back at you. Seriously, I think you need to get some help. I know the signs of mental illness and I now believe that you could be unwell. I'm not trying to score points here. You are obviously intelligent and have a great imagination. However, when imagination turns in on itself it can be destructive and incapacitating. I might be wrong, but please take my advice. Now fuck off!

Hippe, this may be my one and only response to you.

I understand your issues with Cryptsy, they are legit, but misplaced. Let me make the following perfectly clear:

1) I can tell you 100% I am none of the aliases you accuse me of. I have one account on this site, and I use the same(or similar) user name at other sites.
2) I have no insider information or background dealings with any of the admins at Cryptys. I do not even know any of them by their real names.
3) I'm smart. I saw the insider game being played between the Cryptys players. When I saw the abandoned coin, to scooped them up, fixed the code up and watched the chickens roost.
4) I spent much of my own money, time, and resources buying, fixing, researching many aspects of HBN, Bitcoin, and Cryptys.
5) I saw a missing point in the market that dealt with real charitable givings. Once I saw the name, the "background" info, and the hole in the market. I made the move to take over the coin.
6) I have taken what would have a complete mess and created something very different from the rest. With actual NEW useful code. Including Stake For Charity. I still have more plans to continue to move this forward and have it accepted by charitable sites all over the world. Much more work and time needs to be taken, but it is still in my future plans.

If you have any real questions for me, ask. But please stop spamming this thread with JDTemp/Hourus/Whomever complaints. They are long gone, and don't even care for HBN anymore. Whatever little money they made, let it go. I can tell you, it likely wasn't much.