Pages:
Author

Topic: How i lost respect for Cryptsy (Read 3798 times)

member
Activity: 61
Merit: 10
April 02, 2014, 03:14:39 PM
#71
Oh and for those that haven't read it Paul did a great interview the other day talks a lot about some of these current questions.

http://www.coindesk.com/cryptsy-founder-paul-vernon-worthy-altcoins-pre-mining-compliance/

also if you haven't heard this episode of Lets talk Bitcoin we break down a bit more of our stance on things.

https://www.youtube.com/watch?v=hAE8rDQ4tk4
Good read, thanks!

Oh, and for people who are complaining about the UI, if you want to try using Cryptsy on a native Android app, give mine a try! (link in sig)
jr. member
Activity: 56
Merit: 10
April 02, 2014, 02:46:23 PM
#70
Please remove the BTC address for paid votes for DIEM. We asked that several times prior to being added to the list, but now we have one. Remove it please, we don't agree with paid voting

DIEM   CarpeDiemCoin   1Hy9Yfqsj4o2YVb7hH9hGnKfH8V2bGH9CN
hero member
Activity: 756
Merit: 500
April 02, 2014, 02:36:22 PM
#69
^^^ I could not have said it any better myself, there are PLENTY of ways to make the voting more fair, just requires a little effort...
full member
Activity: 182
Merit: 100
April 02, 2014, 02:12:13 PM
#68
I replied to this in the other thread. Coins paid and unpaid voting in our opinion shows financial backing for a coin. If you'll spending money voting for it you'll likely also provide services and care and feeding for the coin. It also seems to be a good indicator of potential volume. It does little for the bottom line honestly it does however pay for the costs in adding the coin.

What system would you propose? I don't think there is a best way, but I do feel this one provides a disincentive to keep building clone coins with no financial support.

John, this is one area where I disagree with you. I think the culture of accepting bribes to list coins is a really bad one that will not benefit the digital currency scene in the long run. It makes things look shady. If the NYSE held voting to determine which companies could be listed on their stock exchange, and they allowed votes to be "bought," how do you think that work turn out?

The vote buying system indeed encourage pump and dump coins because the devs, who have pre-mined a bunch of coin and want to unload it rapidly, will gladly pay some btc to get the coin listed knowing full well that they will receive a massive return on their vote/bribe investment by being able to dump their pre-mined coins quickly on a high-volume exchange.

I think a much better system would be to eliminate vote buying, and change the voting process so that you can vote ONE TIME ONLY in a voting cycle. The whole "vote x times an hour/day/etc is also very absurd and prone to abuse. It would be much simpler and fairer if each member could simply vote one single time in a voting cycle, then the exchange tallies up the votes at the end and lists the coin that won. Also, only members who have an account and have executed trades should be allowed to vote. Maybe there should be a minimum volume requirement as well (ie you have to have traded at least X btc worth of coins since opening your account) in order to vote. That would deter people from making accounts (and/or multiple accounts) solely to vote.
hero member
Activity: 826
Merit: 1001
@Bit_John
April 02, 2014, 01:56:25 PM
#67
Alright, let's move on to the next topic...

Paid "votes" (bribes) to add new coins!  One of my favorites!

I LOVE this quote from Paul:  “We have to listen to the majority; try to get a sense of what people like. I wanted to add some transparency of how we added coins.”  

Personally, I don't see how a single person spending BTC on votes for a single coin is listening to the "majority"...  At least they did put the bribes out in the open though.   Roll Eyes

I replied to this in the other thread. Coins paid and unpaid voting in our opinion shows financial backing for a coin. If you'll spending money voting for it you'll likely also provide services and care and feeding for the coin. It also seems to be a good indicator of potential volume. It does little for the bottom line honestly it does however pay for the costs in adding the coin.

What system would you propose? I don't think there is a best way, but I do feel this one provides a disincentive to keep building clone coins with no financial support.
hero member
Activity: 756
Merit: 500
April 02, 2014, 01:46:52 PM
#66
Alright, let's move on to the next topic...

Paid "votes" (bribes) to add new coins!  One of my favorites!

I LOVE this quote from Paul:  “We have to listen to the majority; try to get a sense of what people like. I wanted to add some transparency of how we added coins.”  

Personally, I don't see how a single person spending BTC on votes for a single coin is listening to the "majority"...  At least they did put the bribes out in the open though.   Roll Eyes
legendary
Activity: 924
Merit: 1000
April 02, 2014, 01:35:58 PM
#65
Odd about Cryptsy: its feeshares have plunged over the last week or so.

https://cryptostocks.com/securities/57

So has its latest dividend payout per feeshare...

  • 21 Mar: 0.00017992 BTC
  • 14 Mar: 0.00023112 BTC
  • 08 Mar: 0.00033808 BTC
  • 03 Mar: 0.00023617 BTC
  • 22 Feb: 0.00037214 BTC
  • 17 Feb: 0.00053746 BTC
  • 08 Feb: 0.00034018 BTC
  • 02 Feb: 0.00052942 BTC

Something's not quite right...

Well that does make a little sense actually since most coins are doing shitty right now and it sure seems to me like overall trading is down. The period of investors diving onto every new shitcoin to hit the market appears to have subsided a bit now that they are realizing that 99% of them go no where, the devs disappear and the coin sits in the gutter for months on end.

I was a big user of CryptoRush, but obviously am not using it right now. I am currently testing the waters with Mintpal and Bittrex. Bittrex has a ton of coins but doesn't seem to have high enough volume for me (yet.)

Funny thing is, the feeshares mostly bounced back since I wrote that first post. So you're probably right.

Nice buy for someone brave enough to step in [ who also had BTC to spend, unlike me  Undecided ]
hero member
Activity: 826
Merit: 1001
@Bit_John
April 02, 2014, 01:30:21 PM
#64
Oh and for those that haven't read it Paul did a great interview the other day talks a lot about some of these current questions.

http://www.coindesk.com/cryptsy-founder-paul-vernon-worthy-altcoins-pre-mining-compliance/

also if you haven't heard this episode of Lets talk Bitcoin we break down a bit more of our stance on things.

https://www.youtube.com/watch?v=hAE8rDQ4tk4
full member
Activity: 182
Merit: 100
April 02, 2014, 01:26:48 PM
#63
...Then take a drive to the other alt exchanges and check out their offices and meet their staff.......

I think you mean fly, and you better get a hepatitis shot first and bring a deck of pokemon cards as a peace offering.
hero member
Activity: 826
Merit: 1001
@Bit_John
April 02, 2014, 01:23:05 PM
#62
Shall we start the discussion around Cryptsy employees creating "shitcoins" that automatically get added to the exchange?

Let's start with CASH...how much volume does that do each day?  What makes it different from the 500 other coins out there?

This is the canary in the coal mine, any legit business tries to maintain some level of respect. Cryptsy has no such model. They are business planning in the basement of an unfinished house with stubbed power to their server that is locked with a house lock in the back corner of the room. It smells like beer but it is really the piss from the dog that was locked in the basement for three days when the owner forgot about it during a meth binge a month ago.



Drive on down to FL take a tour I think you'll find the offices and data center to be more than exceptional. Then take a drive to the other alt exchanges and check out their offices and meet their staff.......
legendary
Activity: 1639
Merit: 1006
April 02, 2014, 12:39:41 PM
#61
Shall we start the discussion around Cryptsy employees creating "shitcoins" that automatically get added to the exchange?

Let's start with CASH...how much volume does that do each day?  What makes it different from the 500 other coins out there?

This is the canary in the coal mine, any legit business tries to maintain some level of respect. Cryptsy has no such model. They are business planning in the basement of an unfinished house with stubbed power to their server that is locked with a house lock in the back corner of the room. It smells like beer but it is really the piss from the dog that was locked in the basement for three days when the owner forgot about it during a meth binge a month ago.

sr. member
Activity: 369
Merit: 250
April 02, 2014, 12:10:43 PM
#60
The worst I get with Cryptsy is the occasional long withdrawal times but they always get there.
newbie
Activity: 42
Merit: 0
April 02, 2014, 12:04:34 PM
#59
 
lol

In crypto you follow people and opinions until their morality is laid bare and exposed for the greedy whores they really are. Then when you find out that your are dealing with a whore it is time to move on and never look back or she will leave you broke and holding your limp noodle in your hand.
~~~~~~~~~~~~~~~~


so cool!
hero member
Activity: 770
Merit: 500
April 02, 2014, 12:04:05 PM
#58
Their support is good but you have to wait for some time to get response.
hero member
Activity: 708
Merit: 500
April 02, 2014, 12:03:54 PM
#57
Never had any worries with crypsy
Resolved couple problems (one my own doing) via ticket in < 24hrs
full member
Activity: 182
Merit: 100
April 02, 2014, 11:57:03 AM
#56
Odd about Cryptsy: its feeshares have plunged over the last week or so.

https://cryptostocks.com/securities/57

So has its latest dividend payout per feeshare...

  • 21 Mar: 0.00017992 BTC
  • 14 Mar: 0.00023112 BTC
  • 08 Mar: 0.00033808 BTC
  • 03 Mar: 0.00023617 BTC
  • 22 Feb: 0.00037214 BTC
  • 17 Feb: 0.00053746 BTC
  • 08 Feb: 0.00034018 BTC
  • 02 Feb: 0.00052942 BTC

Something's not quite right...

Well that does make a little sense actually since most coins are doing shitty right now and it sure seems to me like overall trading is down. The period of investors diving onto every new shitcoin to hit the market appears to have subsided a bit now that they are realizing that 99% of them go no where, the devs disappear and the coin sits in the gutter for months on end.

I was a big user of CryptoRush, but obviously am not using it right now. I am currently testing the waters with Mintpal and Bittrex. Bittrex has a ton of coins but doesn't seem to have high enough volume for me (yet.)
sr. member
Activity: 644
Merit: 250
April 02, 2014, 11:42:08 AM
#55
Give Cryptsy a break, they serve a purpose. you don't have to trade there exclusively.

K.
hero member
Activity: 756
Merit: 500
April 02, 2014, 11:11:27 AM
#54
Shall we start the discussion around Cryptsy employees creating "shitcoins" that automatically get added to the exchange?

Let's start with CASH...how much volume does that do each day?  What makes it different from the 500 other coins out there?
member
Activity: 71
Merit: 10
April 02, 2014, 09:40:02 AM
#53
They add shitcoins because certain shitcoins have a shitload of volume (at the time of addition, at least).  Why the fuck wouldn't you list a high volume coin?  The are in business to make money, and you make money from transaction fees.  Get the fuck over yourself.

because clearly you and Cryptsy is and has all along been playing dumb.. adding them is supporting them
and what has supporting scam coins gotten us ? a bloody mess that's what !
there was a time when they tried.. like when they heard the backlash on adding ORB and promptly removed it..
over time they just flat out simply gave up and caved in.. ORB was snuck back in mid DEC when no one would put up a fuss.

They have lowered the bar of all of crypto.
They have bitten the hand that feeds them by supporting scam coins and in turn making Bitcoin itself worth less.
shit coins are traditionally only used to pump and dump and cash out to BTC so when you make BTC look bad across the world it's pretty dumb.
and i can show the backlash across the globe growing on Bitcoin and the public has barely gotten wind of the scammy altcoin scene yet too.
Throwing away your integrity to support scam coins because of "user demand" is foolish and shorted sighted..
they do this for short term financial gain regardless of the very real long term risks to the whole entire crypto scene !

They also have been instrumental in creating a huge scene we have here in the Altcoin section here and elsewhere where new coins being added has exploded out of control
and allowed the coin cloners to stream line their scams so they can be posted asap.. over time the scam coin posters don't even bother tryng to make the coin seem legit anymore..
they don't have to.. idiots and scamers and exchanges like Cryptsy will add them no matter how bad they or made them.
They have lowered the bar badly.. and when shit hits the fan they will play dumb and pass the buck and accept NO responsibility for any of it ever.

They and other exchanges also have supported the anonymity of these coin cloners.. it does not matter to them WHO makes a coin.
So in reality the guy could be a thief that stole coins from an exchange or a coin cloner that has released 100 coisn here..
as long as it's one with an enough interest interest they will add it anyway.. as long as they make money NOTHING else matters.
and this has been demonstrated and proven time after time after so no it's not up for debate.
They have even hidden coin cloners identitiea when the public has asked who made the coin..
they simply add the coin anyway and say we know who made it but we won't tell you. They did exactly that with the scam coin TIX by iGotSpots and his Cryptsy staff/friends.
for example Mullick and Prime for sure and maybe other Crypsty staff had direct involvemnt in making TIX and i have endless proof on that.
All of them lied non stop and played little games on Cryptsy chat box about back then too and had changed tehir story on TIX non stop also.
And if you confront them they will just get evasive and scammy.. the usual.
It goes deeper to because they had a well known cloin cloner help them that has made many of the coins on Cryptsy.
Hell (cryptsy staff) Mullick has his own coin Shakezulu made for him and has helped fix etc many times
And that guy has a made a large percentage of all the coins on cryptsy.. what does that tell you ? they will on Skype they are all buddies.
Sorry you can't have one staff member compiling the coin and another making the graphics and posting it exclisivly on his own crypto site and
avoiding posting it here for example and another adding it to the exchange and then say ohhhh we're not involved..

SO yeah staff have endlessly been directly involved in making scam coins then adding them to get your money.. rinse repeat.
credibility ? lol ok then.. they can start with common sense FIRST that would be a good *start.. THEN worry about credibility.

and now they are selling votes for coins to get added.. i guess their 'bounties' they would traditionally take for putting new scam coins on is not enough
and they need more money to work on adding fiat support soon lol

sadly i have tried to reason with them but it winds up being a waste of time.. they all play dumb and make excuses.
when the bottom line is if they quit adding them a lot less would get made in the first place..
they are a major player in the scam coin vicious cycle that is spiraling put of control.
and making ALL OF US look like corrupt greedy scumbags.

and their mods have a long history of releasing coins themselves or being involved with them which sometimes great lengths have been taken to sneaky about it too
they as usual play dumb about it or down play it..i have various interesting pieces of info on that is 100% undeniable and they know it.
Cryptsy has been best friends all along with coin cloning spammers and occasionally their staff have been involved in helping make the scam coins
that get posted on the exchange so as far as i am concerned they are corrupt, greedy and selfish. and i have real world tangible proof to back that up too. (as others do)

Are they any different than ANY other exchange ? no i don't think so.. sad and scary part is they are better than the others.. what does that tell you ?

If people knew what i (and others) know they would list far more than issues with *just coin deposits as the problem.

They are a lost cause don't waste your time with them.. it's scam coin exchange.. if anything expect things to get worse not better.


So out of the wood work comes Spoetnik first are you not the original coin gen people could come to you and you would pump out a shit coin in 10 min for them........ but here you are again leading the charge changing your tune how convenient it so funny that 3 people that have made a lot of money (well 1 that lost a lot of it we wont go into that) off creating SHIT COINS are here to clean them up thanks guys way to go pat on the back. Lets get real here Mudda R3wt Spoet you are the problem and have been you stir the pot to remove the blame from yourself its childish and kinda funny at this point. Cryptsy as a former chat mod or current chat mod IDK i would say i disagree with paid voting on the other hand the rest of these issues that people are whining about have been good decisions for you as a business maybe not coins as a whole but that is not your responsibility R3wt how many shit coins where on Openex before you lost it all?   i dont think we can blame the exchanges i dont think we can blame the new devs the ones to blame are the 3 that started this mess a long time ago. So now to address JD and the accusations against him yes he did troll and beg but he also did work for others and helped others around this community and the coin you speak of is a well respected coin by most HBN he didn't make it he didn't ask for it i was there in the cryptsy chat box the day it was created for him. HBN was a gift to the Hobo formally known as JD and he poured himself into it promoting and doing philanthropy  DOGE didn't do the first crypto donations HBN did JD did he has contributed a lot to this community and shame on you for calling him out. If JD was given a paid position it was based on his merit and work in the community and i for 1 think he deserves every dime (or CENT  Wink) they give him. There is this famous book you may have read and that i don't quote often but has great incite into common sense and morals: " do not attempt to move the speck of dust from your brothers eye before removing the plank from your own" you may not believe in what that book stands for as i do not but the advice i think fits well here. So Spoetnik will you please crawl back under your troll bridge and take muddah with you thanks guys
sr. member
Activity: 483
Merit: 250
March 29, 2014, 03:41:48 AM
#52
Yes, Cryptsy has problems with the coins transfer, but he has a very large volume of trade. And a good level of security.
Pages:
Jump to: