Topic: is there a reason why Cryptsy doesn't host ICOs? - page 2. (Read 3891 times)

Digitalcoin, worldcoin...pff I forgot to mention them in relationship with digitalindustry. But that's a different story.

Anyhow, how about "Spoetnik" and "Hilux74". Why do they carry just like you a cryptsy avator? And why do you like it when "Spoetnik" release a coin?

Maybe I was not clear Digital Industry was not a member of the community that developed CAP. Shakezula was not hired he offered in the chat box to make it. This was at the dawn of the age of altcoins. Around when Feathercoin, Digitalcoin and World coin came to be. Long before you arrived into crypto or at least bitcointalk.

Ok then it remains a mystery who ordered the service of Adam to create CAP, and why DI suggested that "JohnEden" = "BitJohn"


Do I understand this correct: CAP was an experiment? And CAP was proven not successful, even you abandoned CAP but it is still listed at cryptsy.
You use your exchange to experiment? In my eyes that is not ethical to do, people trust his bitcoins/money at your exchange. You are not going to experiment with that.

Why do I dig this up? To make a long story short:
I was active for the Quark foundation for about six months, there I met DI. I was not aware about his behavior and personality problem. Now I know better:
https://bitcointalksearch.org/topic/m.9385347
And I also notice how much people he mislead and deceive.... https://bitcointalk.org/index.php?action=trust;u=85019

When I tried to figure out who DI really was, I noticed that many members of his "family" is associated with Cryptsy as can be seen by their avators.

"Spoetnik" : https://bitcointalksearch.org/user/spoetnik-138471
Spoetnik is so related with DI that he sometimes think he is DI: https://bitcointalksearch.org/topic/m.9366830

"Hilux74" : https://bitcointalksearch.org/user/hilux74-135976
Hilux74 post in the same threads as DI and read what "coinmama" thinks about Hilux74: https://bitcointalksearch.org/topic/m.9586936

DI is associated with many scamcoins
Quark, Myriadcoin, CAP, HBN, Nibble, and many more.....and guess what...they are all listed at cryptsy.

I seriously worry about the integrity of cryptsy. Especially when you post in a spoetnikcoin thread that you "like it"
https://bitcointalksearch.org/topic/m.9320557

Just check the trust score of Spoetnik and you know how many people Spoetnik deceived...and you "like the idea of a spoetnikcoin".....

But I wondered about that earlier already: https://bitcointalksearch.org/topic/m.9323172

Wow is really all I can say lol. Again Shakezula (Adam) created the coin long ago when there was a bunch of premine garbage out there. By order? IF you mean I said yeah that would be a cool coin

I doubt the validity of that statement from Shake. However if anything we lost money as an exchange on CAPs when it forked for 3 months. With no premine and fair launch there was no money to be made. The point of it was not to make money, but show that coins did not need the premine just needed a community of folks to be successful.

The below thread highlights that.
https://bitcointalksearch.org/topic/the-bottlecaps-foundation-30-day-user-briefing-and-development-path-261238

John Eden is a group account held by the current developers of CAP. It was started by the folks who supported the coin everyone had access. John Eden is the fictional AI from the fallout games.

Digital Industry wasn't even in the chat and I am not sure he chats at all on Cryptsy. If he does I do not know his handle. His only influence was the logo and trade code which he contributed to replace the BOT and grey Bottlecap. He did so on these forums not on Cryptsy.

Really not sure what your trying to dig up. I fully support any non premine non ICO/IPO coin always have. Cryptsy adds coins based on volume and votes almost exclusively.

Indeed Adam created CAP by order of you.
Quote of Adam:

Note: Adam refers with "them" to CAP

Note: DI refers to the OP of the CAP thread (JohnEden). "He" is most probably "BitJohn"

1. Why didn't you pay Adam for creation of CAP after you ordered it?
2. What is your relationship with (the) digitalindustry (family)? As I read it now, I understand DI chats a lot in the cryptsy chat box?
3. How does Kolin Evans (aka DI) influence you with adding coins to cryptsy?
4. Why did you create a new account to announce CAP?

Bottlecaps was created when there were about 15-20 other alt coins by folks in the Cryptsy chat box. The coin was designed as the anti-premine fair release coin. Sure I was excited to help promote a coin developed inside our own community. Anyhow We didn't create CAP the coin was made by Shakezula for the folks in the Cryptsy chat box.

So Cryptsy and its employees did not create Bottlecaps. Were also talking about a completely different time in digital currency.

Is it legit for an exchange to create his own coin, and scam it on bitcointalk by the owner and list it on his own exchange?

I read about one example: CAP

https://bitcointalksearch.org/topic/m.2560045

In my opinion that is not very legit to do for an exchange.

For the people who don't know:

June 2013:
By order of BitJohn Adam created CAP.
Adam is also known as "Shake" and runs a copycoin service.
BitJohn Scams CAP and most probably created another account "JohnEden" to announce CAP at bitcointalk.
https://bitcointalksearch.org/topic/m.2559937
A few days later it was of course listed at Cryptsy.


How do I know?

Adam, the coin creator discussed this openly with "digitalindustry" during an e-mail conversation.

https://bitcointalksearch.org/topic/m.9594833

Digitalindustry also e-mailed the history of CAP to "coinmama"

https://bitcointalksearch.org/topic/m.9586936


For the people who don't know Digitalindustry...this link tells about everything:

https://bitcointalksearch.org/topic/digitalindustry-aka-kolin-evans-busted-on-planning-a-scam-781954

Therefore I consider cryptsy not hosting ICO/IPO very hypocrite

Does that include altcoin/cryptocurrency ico's as well?

ICO are not allowed in USA right now.

It should be common sense but in reality it isn't common. I do kinda follow the stuff you post and hope you will end up sticking around. I don't shake as many trees so if there is something you post I don't agree with I generally wouldn't reply because you already get too much hate from expressing your opinion. Obviously I'm here to do business as well, build Crypto and have it be profitable but I've been ripped off before and it's not enjoyable. There are many levels of scams, with ignorance, recklessness and false promises being the biggest. I'm no developer, everything I know and the shit I spout is self taught since the time I joined these forums. I'm sure I will end up being a success just by sticking to one project no matter what and always trying to help friends I've made and I would rather people disagree with my ideas in a constructive way, you don't grow if people agree with everything you say.

LOL That is what i was thinking exactly but some how i went on a rant and posted a picture of Nazi cat hahahha
Well said though i knew we seen eye to eye on a lot of this stuff

I already know that cryptsy would never host ICO's because regulations are heading in the same direction as the stock market. You cannot regulate crypto but you can regulate exchanges and the potential for an ICO to be a scam is too great to be personally involved and slide that slippery slope. I have not always seen eye to eye with Cryptsy but I respect them for having enough sense not to be involved in unregulated ICO's.

If you want bash Cryptsy you can't fault them for complying with standard practice when it comes to money regulations.
They knew Regulations was coming and they did what they had to before they were forced to do it.
Either you follow US law or your done.. game over.
And USA financial laws are gradually getting integrated into crypto.. they knew damn well what was looming and took measures to be a step ahead.
So if you want to fault someone fault the United States of America !!!

Are they going out of business ? Not when i see / calculate the amount they *may make off of Bitcoin TX fee's LOL
That alone could prob pay for all their staff hhahaa
All they have to is charge each guy 0.0005 each for a TX then bundle 100 TX's together and pay one fee of 0.0001 once and keep the rest..
Just a random example

If they did go out of business i hope they don't pull a GOX and claim hackers stole their Bitcoin then find it stuffed in their couch cushions.
Zer0Sum you said.. "they are hemorrhaging money"
Extraordinary claims require..
True ? i have not seen any indication of that and making claims like that should be backed up with some proof other than low volumes.
How do you know their true operating cost etc ? See what i mean ?
I have no idea about that stuff but i have not seen any hard facts so crucifying them on 100% speculation is not very fair.

I have been using Bittrex for some time now too and not Cryptsy and a big reason was they did not have Jackpot Coin at Cryptsy

Anyway.. The fact that Cryptsy did not dive on the IPO shit makes Nazi Cat think it was a Miracle !

Satoshi Nakamoto felt that decentralization and anon was beneficial to his customers.

Cryptsy public Business Plan is the exact opposite...
Partner closely with the US Govt, State of Florida, FinCEN, NSA and IRS to completely subvert Satoshi's vision...

All for the money, baby. Money talks... idealism walks.

What is far more likely is the Mt Gox scenario...
With 40 employees already and exploding regulatory and reporting costs...
Look at their pathetic USD volume, do the math... and they are hemorrhaging money.

I have heard that retort around here for ages.. and i still think it's bullshit.

Think of it this way banks can leave the ATM machines setup so people can take what they want using the honor system.. but they don't !
Yeah i know a bad analogy, but think about it
There would be people in that scenario that WOULD be honest and take only the money they own etc.
But we all know it would be abused so bad and so fast that the bank would broke and out of business by the end of the day LOL
And that is my stance on this IPO/ICO/ITO shit.. Fuck 'em all !

Thanks for the info BitJohn and props to Cryptsy

Is the US's regulatory system inherently more legitimate than that of the Swiss?

Kudos to Cryptsy.

No ICOs.
They don't go delist crazy like some of the competition.

 
I am pretty sure that the very first clients of Madoff made some profit with the money of the next
Yes you can make profit out of a pyramidal scheme or a ponzi scheme but they are still frauds  

Not all premines are scams either, but more and more people are staying away from coins with a premine. An IPO/ICO is simply a premine with a pre-dump.

Ethereum not a scam  i wonder the moved there shit outside of the usa cus of new prosecutions there so yea