Topic: Ixcoin TODO - page 196. (Read 631747 times)

Vircurex is in Poland.  I know cause I wired them money last year when I bought my first crypto coins: Devcoin.

CoinDesk also said Vircurex froze all their coins and then listed just 4 coins. Obviously a very poorly researched article.

I would have to disagree with you here.   The value of a coin is related to the perceived security of the coin.

There are thousands of penny stocks open for trading everyday.  A vast majority of them (don't know the percentage) are utterly worthless.  However they still do trade.   

The difference between Cryptsy and Vircurex is that, at least we know the address and the person who runs Cryptsy.   Vircurex takes effort to remain anonymous.   Of course, that did not help stop MtGox from running their scam.

 

Coindesk reports that Vircurex is based in Beijing China... wow... did not know that... I thought they were Canadian.    

Anyway,  the company is pretty much history.   You can't entice people to deposit their money and then turn around and confiscate the deposits on the explanation that you got hacked a year ago.   They should have shutdown the exchange over a year ago if they could not make up their shortfall.  What Vircurex is doing is theft.

I took a 35% loss on my BTC just to get my money out quickly.  

Its not a matter of "some" are scams, its a matter of it being blatantly obvious from scratch that the so called devs cannot afford to secure a blockchain so the whole thing is a scam from the start, scamming people into throwing money into a wet paper bag for any idiot with a few botnets or datacentres or whatever to PWN at will.

At least wait for a coin to be number two in mining power of its type or something, like when DOGE came along and made it clear that even litecoin might be too insecure to be reasonable and all the others (worldcoin, feathercoin, and on and on and on) so insanely insecure that conning people into buying them is basically criminal negligence or deliberate scam.

-MarkM-

I see your point Mark but honestly, if they didn't add all these CrapCoins they'd go out of business.  Look at Vircurex as an example of an exchange excluding so called CrapCoins.  Tons of traders have already switched to mintpal even though it's a newer [unproven] exchange because mintpal was quicker to add all the new ShitCoins so people felt like they were missing out on big trades by waiting on Cryptsy.

When this onslaught of new cryptos slows down or levels out that's when Cryptsy should consolidate its holdings and consider being a premium exchange but right now it would be a poor business decision to do so as most traders today are basically day traders and Cryptsy et al get most of their revenues from high volume day traders, not from guys like me who make a couple trades per week or per month.

And frankly, I want the option to buy a trendy ShitCoin if I feel the need without having to use some third rate Chinese site or hunt down sketchy miners to buy them.  Some of these new coins have potential and it's nice to be able to buy early.

New coins including lots of CrapCoins are not gonna slow down.  We'll hit my 3,000 alt coin target by next year with ease and may actually go over.  There's no way Cryptsy can not add all those coins just cause some are gonna be scams.  They add them and the buyers decide which to buy and the ones which don't sell get delisted - it's a very democratic system they've got going on and I wouldn't change it at this point in the game.

Cryptsy has always been a scam-exchange from the start, their entire business model is to support and profit from scams, of course they will scam you every way they can, it is what they do. If they haven't simply walked off with your money yet it is simply because they are raking in so much by adding more and more new scams right now so for the moment adding more scams is more profitable than walking off with the loot. That they are more than willing to participate in support and perpetuate scams though has been clear from the start, basically the only reason anyone uses them is from hoping to getin on the scams and get out fast enough to come out ahead.

Bear in mind too that at some point no matter how many more millions of bucks you might stand to make by continuing to work hard, one can reach a point where no longer working starts to look good even if you only have so many billions saved up so far from your scams so far...

-MarkM-

Killing everything off?   What?  I don't get it.  They regularly remove low volume non-performing coins and replace them with newer coins which have more volume.  I don't see anything to suggest Cryptsy is next. 

I don't think Cryptsy is next.  I think Cryptsy is solid.

They won't let you take out any BTC right now.  I just tried taking out a very small amount of BTC and it didn't let me.

No way I can ever keep my coins on there now. 

Another one bites the dust. 


Looks like we're gonna go with a centralized banker funded exchange afterall.  Was to be expected.

I hope MarkM got his BTC out.  He once said that he was collecting interesting on the BTC he had deposited at Vircurex.

What I don't get is why are they freezing funds of customers who deposited BTC after the those incidents last year?  I thought those incidents were minor incidents and they were able to re-pay back the customers.   Now they're saying that they are going to take the BTC for the folks who got enticed to keep their BTC there based on an interest paying scheme.  What a scam!   

I agree, I just transferred everything I had in there into a cold wallet.  Too much good competition now, they're not gonna bother paying all these people back given they owe so much.  Closing shop will prove much cheaper for them.

Lost a lot of BTC just trying to get my money out.  

I should have suspected a problem months ago when they did not bother to fix their site.

This exchange is history.  You might as well take a 35% loss transferring money through another coin or take a 100% loss by tomorrow.

Great post, RobFord.

I'm gonna have to look closer at some of the terms and points you just made.

Very interesting and I totally agree with you.  And I'm gonna add that something's gotta give very soon cause this whole thing is moving at light speed.  We'll see massive change in this industry and massive adoption by end of this year.

3 bitcoin to get listed on an exchange is nothing at all. If Ixcoin is all it is made out to be there must be devs with money. Nobody knows who Thomas is.

Luke is a self-described philosopreneur. He's either got semi-deep pockets or he's not living up to that title.

Where are all the Ixcoin that haven't hit cryptsy or vircurex? Roughly 5-6 million have been traded out of aproximately 16 million.

Ixcoin is either a scam or a brilliant move by a group of extremely intelligent people. If it's a scam, they aren't making much money. Ix has a low trade volume.

I don't know if anybody here has heard the phrase 'techno-meme divination' but it's one of those subtle things that combined with the hard data supports Ixcoin. Bitcoin is the most disruptive technology the world has had in a long time. It is most definitely not a one-off. Outside of briefings and affirmation of legality, whatever that means, the government has said nearly-nothing about the larger direction of cryptocurrency. Something has to give.

Is it Ixc? Perhaps.

Vircurex usually has bigger chunks of coin for sale than Cryptsy, often in 1000-2000 coin lots.

That's just it, iXcoin doesn't have devs with money.  I'm it and I don't have money to throw away like that so then the question is:  who is doing this and why?  Why iXcoin? 

I don't get it, can you elaborate?  Thanks.

Looks like iXcoin has devs with money but they the only ones wanting to buy. Even on MintPal vote this coin coming 2nd but volume will be dead like on other exchanges.

I would say Cryptsy.  Just transfer your BTC there and buy.

Good luck.

What is the fastest way to buy ixcoin?