Bitcoin Forum

MCX realized that its support system could not keep up with demand. It suspended trading and ensured all users were able to withdraw funds. Its creator is now actively working to improve the system, so that it can re-open and effectively meet demand.

Cryptsy has proven itself insecure, unstable, and unable to handle load. Its customer support is abysmal.

Ultimately: MCX chose to sacrifice revenue before sacrificing the experience and safety of its users; meanwhile Cryptsy lines its pockets with abandon.

I never thought I would reach this conclusion, but MCXNow looks like a class act in the Alt market world.

I agree

Haha. So true.

Yes, halt all trading allow people to remove coins. I agree.

The site is totally broken on the markets that have volume. Nothing can be traded, the last 5 trades i have tried have all failed and coins are missing. They were small trades to test but still some people must be worried if they have conducted large trades.

I have no doubt they will get their coins back after an audit, but the exchange is broken now. Suspend all trades before the situation gets worse.

If you can't scale these sites, just replicate them for now.

you are full of sh**t

why the f**ck have you come to cryptsy . wait for MCX to get open, which is not gone happen.

True dat - broken

Yeah I'm sure it had nothing to do with RS selling millions in fee shares just weeks before shutting down.

Cryptsy may have serious problems, but spinning this to make RS look like a saint is fucking hilarious. But 19 posts and you're the expert, obv.

I think you are missing some details. RS has not taken off. If he was fleeing with the funds, it would have happened by now. He is actively working on the next version of his site.

Also never said RS was a Saint. I agree that would be hilarious, just like anyone saying Cryptsy has integrity today.

Why it's most of the time the newbies that are full of crap..

Cryptsy might be laggy sometimes because it was prepared for this many users / deals made, true. But it isn't insecure, unstable or whats however. The current amount of tickets made by (new) users also works out on delayed tickets. 

I think it's just because they didn't expect this popularity, but it isn't insecure or something. Anyway, wait months (or years) untill that website shows up again and join them.  I'm off, I won't join them anymore.  You know why? They didn't even send a message (an e-mail) that they were going to close. If I didn't checked my balances on MXCnow, I didn't even know they were going to close and I would have lost all my coins.

Stability? https://bitcointalk.org/index.php?topic=360830.0 (https://bitcointalk.org/index.php?topic=360830.0) https://bitcointalk.org/index.php?topic=348085.0 (https://bitcointalk.org/index.php?topic=348085.0)

Security? http://www.reddit.com/r/Bitcoin/comments/1s73f7/i_have_sent_back_the_60_btc_i_was_mistakenly_able/ (http://www.reddit.com/r/Bitcoin/comments/1s73f7/i_have_sent_back_the_60_btc_i_was_mistakenly_able/)

Ok, I get it. Cryptsy had to fall pretty far to make MCXnow look good. Jesus, crypto is messed up. Where are the professionals here? If Cryptsy was a bigger company, heads would have rolled by now. But we need to hope they get their shit together or where will we trade our "lesser" coins? We need to start forum trading more like the old days, build a rep, use escrow...profit? I know it's a scammer's haven, but people need to use the tools available.
 
Unfortunately, I'm mostly staying on the sidelines until this is fixed. And I love how Vern tweets about fixing the chatbox, like that matters.

We need rather a company with LARGE pockets to create an exchange that can handle 100,000's of active traders that can scale to millions at a reasonable rate. Will this happen? i hope so. The potential revenue for them would be huge. I think cryptsy will come through this, but there will be a next time and and next time this happens. Who knows if it is the cost of keeping servers redundant or if the site simply does not scale easily.  If they cut api off, banned bots and terminated idle sessions after a short period perhaps they can get back to normal sooner.

Even better than the above, multiple exchanges like cryptsy. If nobody else can step up then why can they not clone it to another domain and run another exchange, maybe it is just too much for one db and is complex for loadbalancing or virtualisation  to handle all those coins and all of those transactions?  The task they are facing must be huge i mean really huge. The db queries must be mad.

hmm interesting thoughts

Except... RealSolid has not closed MCX. He has suspended trading to improve the site. Making up things does not make BitcoinEXpress look honest.

I'm not sure why this whole discussion.

MCXNow = RealSolid = SCAM


If Cryptsy has problems then it still doesn't change the fact that MCXNow is a scam. You can't trust RS more just because Cryptsy has some problems.

Cryptsy supports 100 markets while MCXNOW couldnt support 6 with out closing its doors and running off with all of the $$ he made from those made up FEEs. Fair comparison!

Except he never ran off?

I am genuinely confused. How is MCXNow a scam?

How do you know? :) You dont even know who she is.

I am not sure where you are getting your info on MCX from---other than maybe the early panic threads? RealSolid is still at the site daily, and keeping the remaining MCX community informed of status. I see more frequent and detailed communication from RealSolid than I do the Cryptsy team.

Give it a quick read:

https://mcxnow.com/ (https://mcxnow.com/)

There is little doubt that the recent issues at Cryptsy are a result of the new users who obviously came from the "class act" exchange which now offline.

In the cryptoworld, today's hot topics will be yesterday's news in less than a day.  Therefore, there is no telling if the "class act" will become the next class clown or the next Nobel Prize winner.  At the last minute, someone may steal all that grade C code and the rest of us fee bag holders will have a new bag of fees to raise so we can pay our electric bill.

 This made me fall off my chair lmao. This is just too damn funny!

 This is a joke right? Correct?

 I mean GET Outa Here!

 Oops, I fell out of my chair again rotflmao...




 Okay Joker here's the drill.

 I mentioned 10 days ago what the near term future would entail on Cryptsy's threads.
And so far I refuse to deposit or withdraw any to or from Cryptsy until things get much
better. Nor do any trading after suddenly my last trade disappeared for a few hours
after cancelling it to change it, only to magically reappear when the servers spit it up.

 So:

 It was painfully obvious what was starting 11 to 12 days ago when suddenly
deposits were taking many hours to clear. That's all it took for those like myself to stand
clear and let the hordes of wave after wave of wantabe Crypto-Currency owners have
their shot at getting some for themselves, all while driving those poor servers at said
Cryptsy to their very breaking points. I for one am still amazed they didn't melt the hard
drives, or send them flying right out of their hard drive cases. Geeze...

 If anyone recalls what occurred during April 2000 when the great tech bubble burst then
one knows and recalls all too well how one broker after another seized up. We couldn't sign
on, couldn't reach anyone by fax or phone. Everything jammed up, right when needed
the most. Of course fast forward to 2008 and finally they were prepared, lol...Oops.


And Well:

 It's going to be a spell. And the constant new arriving waves of hordes of folk demanding
their share too is going to drive all of this sector to the very brink if supplies and venders
cannot meet pent up demands quickly.

 And there's BILLIONS to quickly be made.

 For real talent, that doesn't rip folks off, and treats them best they can, considering the
circumstances.

 We already have one winner if they don't buckle under the stress. More will soon arrive.
But all these efforts takes time.

Again:

 Maybe in a day, or a week, or a month, or maybe not for a whole year will things get back
to the most recent old normal standards that we were used to seeing. Till then get used to
it.

 This is a whole new ball game.


 And every one that is bitching and moaning, and threatening knows damn well what they were
getting themselves into. Or they damn well should have known by doing all their own due
diligence because ONLY FOOLS RUSH IN!


 Best get used to this. And get used to the notion that those like Cryptsy are far more likely
to be on the customers side, like they already have been up till now, compared to another
FAR MORE COMMON TYPE out to fleece us, con us, rip us off, and scam us left and right.

 Given those choices and everything else:

Well I already backed the darn truck up a long time back, AND kept backing it up again & Again.
Both newer arrivals and those that procrastinated, as well as those that panic are all going
to suffer for their very own short comings and short sightedness.

 MAYBE:

 Consider taking up mining too. At least that way those that demand what they can't seem to
get enough of will at least have an outlet to lose themselves to, as well as make some coin too.



REPEAT:




 This made me fall off my chair lmao. This is just too damn funny!

 This is a joke right? Correct?

 I mean GET Outa Here!

 Oops, I fell out of my chair again rotflmao...



& hence my still pertinent signature:



Caveat emptor - let the buyer beware!

I wish Scottrade would get into this...I would not even mind paying $8.00/trade if I felt sure the site wasn't going to give a Bad Gateway error every time I tried to make a trade

Yeah, I want a site like Ameritrade for alt coins with lots of charting tools.

This thread is hilarious.
Some of you shouldn't be allowed on the internet, let alone be allowed to trade on it...

You know exactly how it is a scam.  How are your Solidcoins doing? About as well as the Fees I guess.

^ try math sometime.