Topic: Someone doesn't like cryptsy... - page 2. (Read 3042 times)

Nothing serious, except that it was not so flawlessly fair as they suggested. The first hours produced too many blocks, and that is all what I was pointing out. One of moderators decided to ban me instead to debate the facts.

Look at btc-e's volume in the recent days, it droped a lot after i mentioned to users to switch to alternative exchanges until they get there act together,



https://bitcointalk.org/index.php?topic=261417.0;topicseen

http://reddit.com/r/litecoin

i'd doubt that , i'd look to a smaller competitor , but then i don't know . 

So what is the Dirt you have on DGC ?  - i'd like to hear ?  i thought it was a fair start >?

It is obviously BTC-E, they saw all there users go to cryptsy and want them back.

Because they need to scam more people out of 0.5 LTC withdrawal fees.

I'm not asking you to believe what I say. However when you are so pro-cryptsy which has had so many issues and then in the next breath talk crap about mcxNOW which hasn't had any issues or downtime it comes across like you have an agenda.

If you're going to criticize mcxNOW at least base it on some real reason (ie RealSolid is too abrasive and confident, that scares me). But instead you've used this idea that a coin I added "was a scam" which is completely subjective mixed with "it's in c++" which clearly has had zero effect on the stability or security of the exchange to this point in time. You're clutching at straws here my friend to try to heap shit on mcxNOW when it's run perfectly fine for thousands of people with nearly 3 months uptime.

mcxNOW gets DDoSed and DoSd nearly every day, you are right that it depends on the power of the attack. But it's withstood plenty of attacks to this point in time which is why I have such uptime.

Ho ! sorry, I did not knew about microcash being the origin for mcx ... I went aware of mcx with mincoin ... my bad.

(mincoin was one of the first alt-coins of the wave, when you could not get easily to an exchange and mcx went online almost at the same time if I remember well with only mincoin listed)


For the double spend problem, it's mostly a question of being targeted or not I think ... The problem does not appear at the exchange itself but rather at the coin daemon.
Exchanges are the traditional target for double-spender, and cryptsy happened to host some of the easiest to double-spend coins ^^
Not sure how an exchange can defend against the double spend except by heavily and deeply monitoring the activity on the blockchain ...

For the DDoS, it's always a matter of attack scale, no one can say his site is 100% safe from it ... I'm naturally wary of people claiming the contrary.  Your security provider(s) can handle up to some point and beyond that you start suffering. Even google could be ddos-ed with enough energy committed into it.

Also, as we are on the internet, please take no offense but you can understand I may not believe just anyone who say "it's secure because I said it" ...
Confidence comes with time and a few months is not very long ...

Last but not least, hundred of thousands of users is really a lot (depending on their activity of course. Trading bots are the most dangerous when scaling is considered) ... The scaling problems are not usually in the core engine, but rather in the network activities associated.

hahaha funny craptsy.com page.

Why does anyone still use that site? One day you are going to log in there and just find your coins completely gone. I tried trading on it once and I saw my sell order which was below the buy order just sit there and not get sold. I had to retry 5 times before it would sell. Then my BTC balance was something like 1.50000000124. Too many decimal points for bitcoin! Using floating point for an exchange is crap.

I withdrew all my coins immediately and never went back, its going to get hacked as Bigvern doesnt seem to know what it takes to run an exchange.

I was banned because moderator was DGC bagholder and he could not handle the truth about fair start of DGC.

I was banned, because most of the moderators and people at the time were very optimistic about DGC, and a dose of truth about it was too much to handle for the dgc-coin-lovers.

Except cryptsy has had numerous issues (double deposit, lag, floating point trading, orders which are higher than the opposite side, etc). I mean besides all of that and the constant downtime, yeah it's going pretty well I guess in comparison to the always online, never had an issue mcxNOW....


mcxNOW originally was meant for "microcash exchange now". MicroCash being the crypto currency I am working on for some time now, check the whois of the domain to see it was registered way before mincoin. Mincoin was added to the exchange because there was a bounty, it was before the flood of altcoins hitting the market and it was a good test for the exchange. It is no more a scam than any coin, so it's silly for anyone to say that. No one forces you to invest in any coin, no one forces you to mine any coin, go look up the definition of a scam.

In regards to the exchange security, it's been officially pen tested by 3 security experts I know and it's been heavily probed by hackers already. It withstands DDoS and can handle hundreds of thousands of users if it ever grows that large. I am confident in my ability (and have more experience than most people in cryptocurrency development) , you shouldn't be offended by that. I'm not some amateur making an exchange because "it can make me rich" like most people do it.

Ask yourself why someone like bigvern would start an exchange in beta and do things like use floating point numbers for financial code, it's pretty clear the motives of some of these exchange operators.
  

I don't see it that way ...

Cryptsy appeared during the great copy-coin surge of 2013 ... those coins where usually exchanged on the boards with a lot of scammers taking your btc/ltc and sending nothing in return.
The guys took the opportunity and launched their site where you could safely trade almost anything against btc (safe as in "you get what you paid for", even if you paid for crap, of course ^^)

Even if those coins where worth almost nothing, crypsy takes a moderate fee on each transaction (.6% gox anyone ?) with the assumption that a little bit + a little  bit + ... you know what I mean ^^

So we can at least thanks crypsy for keeping those boards relatively clear from the continuous flood of WTS/WTB threads ^^


On the other hand, it seems to me that mcx was initially build specifically to dump mincoin. (mcx stands for MinCoin eXchange doesn't it ?) It evolved from there, but this is quite a shady start to me.
(Also I don't like much the "I made it myself in C++ so it's secure because nobody knows how it works" approach ...professional bias on my side maybe ^^)

cryptsy is a scam for people selling crapcoins for btc ...

I did not use mcx for quite some time, only knew it while it had low traffic, it may have change now ...

Being banned is both bad and good ...
Bad because users may not be warned about shitcoins ... and cryptsy trademark is its will to list all that can be traded except for the crappiest of the shitcoins.
Good because this means there is some moderators and thinks are less prone to go wild with personnal attacks and worse.

For the performances, hard to tell from outside if the problem lies in the interface or in the trading engine ... but I would like to not have to press F5 regularly to update infos !

I have no data about cryptsy traffic. Mcx didnt have much volume before adding primecoin. Now things changed.



About mincoin,...  I was very vocal about that coin (that it is a scam etc). But since nobody forces us to use this coin, we can freely use exchange to trade with other coins.



I was pointing out at the performance. While mcxnow can handle many users and probably has more volume on primecoin than cryptsy, cryptsy work like s... lately. I hope they fix the problem.


Also, I was never banned or anything for shittalking or trolling or expressing opinion on mcxnow. That happened on cryptsy. And I was vocal about scamcoins on both sites.

but mcxnow probably has only a fraction of the number of users cryptsy has ...
(not sure, just an opinion, would like to see actual numbers)

Also in my understanding, mcxnow was launched for mincoin, so this makes it look shady to me. If you don't remember, mincoin was a scam by the textbook (superblocks during the instamine at the beginning, lol). At that time, the usual exchanges would not accept it and building mcxnow was probably the solution they found to dump early.

I don't think so. Its more about ego than anything else.

But the winning page is mcxnow, not cryptsy. Cryptsy works terribly lately, while mcxnow works flawlessly no matter how many users are using the site. If the trend continue, mcxnow should take significant share of the crypto market.

Cryptsy is pretty bad.

That guy is really too free wasting time and money on a domain

When Gox finally falls over under pressure , I predict that BTCe will be the number one exchange for crypto in the world , that will then leave room for others to follow .

Ha ha that's pretty funny , obviously a competitor , I'd personally take that as a compliment if I was Vern.

Crypstys biggest risk trying to negotiate with the USA, those poor guys believe in the Government I suspect , and feel that perhaps they confuse belief with reality  , and that fact will give them some free pass , unfortunately that Government  has a motive and stake in not seeing Cryptocurrency ever succeed .

I predict that cryptsy will find it much more difficult to ever do fiat transactions , this naturally give an advantage to exchanges that are not US based.

As these exchanges will deal in all fiat transactions in the so-called " transitional period" .

As the net risk is low for the user , the equation is pushed this way , so to explain that , ..

the user is just transferring Cryptocurrency to fiat for some reason , they will not hold either capital at the exchanges , so for example these exchanges don't need to have the appearance of rock solid entities , just the basics , such as BTCe does now.

That's the market , to say it's otherwise is like saying the US won't go to war again and won't sponsor terrorists in the name of protecting the USD , so they do these things and threaten a very broad large conflict involving the Russian federation whom is not looking for a war anywhere , yet you think they won't just step on an exchange like cryptsy ? Like it didn't exist?

Cryptsy would be smart to build up capital and name and brand recognition as it has done , I like it's format the best , it is probably the best looking exchange .

After you have enough capital and resources I'd Snowden style skip town and set up shop in Shanghai or st Petersburg.

: D